*Comparison of cyclic behavior of BTC before and after halving*
1st Halving: Nov-2012
2nd Halving: Jul-2016
3rd Halving: May-2020
**4th Halving: MARCH-April-2024**
I have noted the 1st halving data but it is not matching with 2nd and 3rd halving, therefore I have considered it as an outlier.
Conclusion: As per statistics and past data, BTC bottom should be 300-400 days after its top and 500-550 days before its halving, both converges to End of year 2022.
As per harmonics AB=CD pattern, BTC bottom should be around 13,000 and currently it is trading at 19,000 (October).
As per the calculations, we might see a dump to 10,000 to 13,000 by Dec this year.
17.3k July was not the bottom of the cycle, Bottom is yet to come.
1st Halving: Nov-2012
2nd Halving: Jul-2016
3rd Halving: May-2020
**4th Halving: MARCH-April-2024**
I have noted the 1st halving data but it is not matching with 2nd and 3rd halving, therefore I have considered it as an outlier.
Conclusion: As per statistics and past data, BTC bottom should be 300-400 days after its top and 500-550 days before its halving, both converges to End of year 2022.
As per harmonics AB=CD pattern, BTC bottom should be around 13,000 and currently it is trading at 19,000 (October).
As per the calculations, we might see a dump to 10,000 to 13,000 by Dec this year.
17.3k July was not the bottom of the cycle, Bottom is yet to come.
Comment:
Previous low of 17k broken.
