Bitcoin has been on a crazy run for the past few months! Its not ending any time soon!
Lets take a look back at the 2016 Halving.
On July 9 2016 the 2nd Bitcoin Halving occurred. Reducing the Block size reward to 12.5 BTC from 25 BTC.
280 Days after the 2016 halving the massive bull run was just getting started! Around April 10th 2016(280 days) would mark the last time bitcoin would see ever the price that low again. (Hard to see the price action due to chart view)
Current View:
If we map time cycle perfectly, Bitcoin is just getting started !
After the halving in 2016 we saw a 7000% increase in price which took about 530 days.
Where about 280 days into the 2020 Halving!
If history can repeat it self, My projection for BTC would be:
$200,000 - $350,000 by this year.
Disclaimer: Shakeouts will occur. Over leveraged derivative traders who do not allocate proper risk management will consistently loose. Unless you can enter positions at the very bottom or at the top, which is nearly impossible. You have a better chance of SAFLEY yielding a higher return from just HOLDING.
Lets take a look back at the 2016 Halving.
On July 9 2016 the 2nd Bitcoin Halving occurred. Reducing the Block size reward to 12.5 BTC from 25 BTC.
280 Days after the 2016 halving the massive bull run was just getting started! Around April 10th 2016(280 days) would mark the last time bitcoin would see ever the price that low again. (Hard to see the price action due to chart view)
Current View:
If we map time cycle perfectly, Bitcoin is just getting started !
After the halving in 2016 we saw a 7000% increase in price which took about 530 days.
Where about 280 days into the 2020 Halving!
If history can repeat it self, My projection for BTC would be:
$200,000 - $350,000 by this year.
Disclaimer: Shakeouts will occur. Over leveraged derivative traders who do not allocate proper risk management will consistently loose. Unless you can enter positions at the very bottom or at the top, which is nearly impossible. You have a better chance of SAFLEY yielding a higher return from just HOLDING.
