*The time from All Time Highs ( ATH ) to ATH test*
I think it is useful to point out that during the previous BTC Cycle (2014 - 2018) it took the price 3 years to test the previous ATH . That was at the end of 2017. 2 months later Bitcoin made new ATH and that initiated the start of the final (and more aggressive) parabolic rise towards the current ATh which is $19800.
If the same pattern plays out this time also, then towards the end of 2020, Bitcoin should test the current ATH and a couple of months later break it. Plausible? Certainly, considering we have the 3rd Halving in May 2020. Notice also how a -4o angle trendline from the ATH of each Cycle applies Resistance and keeps the price below it until only a few months before the ATH test.
Do you think the $19800 ATH will be tested towards the end of 2020 or you have a more / prediction? Let me know in the comments section!
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Historically, every January, BTC has had . high peak :uptrend: between 3 and 7th
. massive drop :downtrend: between day 10 and day 16th
No skips, every :alarm_clock: January happens the same cycle.
a) daytrading :buy: now, sell by 9th
b) longs :sell: now, buy by 10th
c) hold, whenever below 10k
ATH after first halving date: 1 year
ATH after second halving date: 1.5 years
ATH after third halving date (2020-2022): 2 years probably
On the other hand, ATH multiplicators are getting lowered halving after halving, so don't expect the same profits than 2016 halving, and much less than crazy 2012 halving.