_______________________________________________________________________________________________________________________________________ Hello traders investors and community. There is an interesting observation which i made and want to share with you today. It is revealing the magic bitcoin halving-cycle in which we seen huge growing of price after the past halvings. _______________________________________________________________________________________________________________________________________ The last weeks we are facing a consolidation period, exactly what we have seen in the past before halving break-outs happened. Before the first halving and break-out BTCUSD consolidated between 2 and 15 USD, after the halving we have seen an enormous growth of 90.52 X before the first major top formed. The same happened after the second halving, in this case BTCUSD made28.74 X after a longer consolidation period in which price consolidated between 160 - 700 USD. _______________________________________________________________________________________________________________________________________ In my chart you can see the red boxes which show the consolidation periods before BTCUSD broke out and entered the growth phase (green-boxes), exactly after the halving! _______________________________________________________________________________________________________________________________________ I am expecting the consolidation period in which we are trading now to hold on until the halving or beyond, after this we will face the next big bitcoin-halving growth period of BTCUSD. _______________________________________________________________________________________________________________________________________ Consider this: We made 90.52 times price-growth after the first and 28.74 after the second halving. Now this gives an average of 59.63 X. Just when we underbeat this mark and make 10 times more after the next halving that would be 100.000 - 120.000 USD. Looking on the information i am expecting a similar growth-period for BTCUSD like the one seen after the first halving. _______________________________________________________________________________________________________________________________________ Okay hopefully everybody enjoyed! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________
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Consolidation periods before halving growth periods.
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After the next halving, only half as many BTC will be generated per day. (4,380 x 6.25 x 5,000 = $136,875,000 per month).
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Bitcoin halving countdown: 263 days 22 h 59 min 41 sec
Next stop, $1,000,000,000.. why? No reason just because it can. Never mind the MASSIVE volume required but yeah. Another chart based on blind optimism. No concrete reason why its heading up, no major adoption like in 2017 with CME Group or upgrades.
VincePrince
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@BankofEngland, 120.000 as mentioned is the first zone! As seen in the chart clearly, the middle line of hug echannel. Above is possible
Nice idea! I'd guess more like 10x growth, growth decreasing by a factor of 3 each time as the market gets bigger. First halving was 90x, second halving was 30x (90/3), third halving = 10x (30/3). Putting us in the 100k range for the next top.