harrisbandukda

BTC HALVING UPDATE

BITSTAMP:BTCUSD   Bitcoin


**BTC HALVING UPDATE**

**Overview:-** Clearly, history is repeating itself. We can each Bull Run Cycle since 2013. First I want to dive further into where we are at current day so we can gauge the situation as a whole and come back to why I believe this situation is so unique. It has now been roughly 100 days since BTC has hit a new All-Time High; it has never in the history of Bitcoin corrected for this long in a Bull Run and made New All-Time highs the same year.

If we look at each Bull Run statistically;

~Bull Run 378 Days (2012-2013)
~Bull Run 546 Days (2016-2018)
~Bull Run 280 Days (2020-2021)

Now right away you will notice a large proportional difference between each cycle, especially the most recent one. This cycle would be the smallest in scale and length of time.

You can see the PURPLE LINE along the candles, The line represents EMA 200, Take a closer look at the chart at Second Halving (2018) and see when the PURPLE line intersect with CANDLE we can see bear season turning into ACCUMULATION and then EXPANSION.

**ACCUMULATION:- The accumulation area is a market charting zone analyzed by investors that can indicate a good time to buy.**
**EXPANSION:- Expansion is the area of price correction due to overbuying of assets in the market. Expansion usually happens before accumulation. **

Now let take a look at EMA 200 (PURPLE LINE) at 2021, we can see the line wasn't intersect with Market yet, This is when we will be end of bear run and the beginning of NEW ERA.

There's always a chance that we've seen the ATH and the run is over, but when you look at price action through this lens, it's obvious that there's still plenty of room for amazing things to happen.
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