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Riester
Apr 24, 2021 7:41 PM

BTC Bull Cycle Fractal Short

Bitcoin / U.S. dollarBitstamp

Description

~11 months after the past two halvings, BTC experienced a 38% drop. Both times this drop lasted around a month +/- a few days.

Now we have experienced a recent drop in this bull cycle. Again it was ~11 months after the halving. We are yet to retrace 38%, but if we do that puts us at a major demand zone at 38-40k which preceded the impulse to 60k.

Seems a little coincidental...
Comments
watchtrend
Thanks for your idea, there is nor reason to sell btc, as trend looks green
UltimateContrarian
I thought I was the only one thinking that price may go fall below 40k.
Analysis on point.
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