Projection for Bitcoin before/during/after the Halving.
Very simple analysis of what btc has been doing in the lead up to the previous 2 halvings and a projection based on my findings.
notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third.
i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have projected based on the "thirdening" that in the next bullrun after the halvening BTC will rise by "only" aprox 1000%. This puts it in the 100K range at the end of 2021.
in the time leading up to the halving i have projected price to be around 12K at the time of halving. This is based on the percentage increase btc has made in the previous run-ups to halvings. going up by 393% in the first and 412% in the second.
notice!
I am not a professional and none of this is financial advice. I merely found a pattern, that does not mean that this pattern has any validity and will continue.
because this is a pattern that (imo) could be spotted from outer space, there is a great chance someone else has seen it too and/or posted about it. that does not make this "stolen" nor does it make any future posts from others "stolen"from my ideas. have fun
notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third.
i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have projected based on the "thirdening" that in the next bullrun after the halvening BTC will rise by "only" aprox 1000%. This puts it in the 100K range at the end of 2021.
in the time leading up to the halving i have projected price to be around 12K at the time of halving. This is based on the percentage increase btc has made in the previous run-ups to halvings. going up by 393% in the first and 412% in the second.
notice!
I am not a professional and none of this is financial advice. I merely found a pattern, that does not mean that this pattern has any validity and will continue.
because this is a pattern that (imo) could be spotted from outer space, there is a great chance someone else has seen it too and/or posted about it. that does not make this "stolen" nor does it make any future posts from others "stolen"from my ideas. have fun