weslad

Deciphering Bitcoin's Cyclical Trends & Phases

weslad Updated   
BITSTAMP:BTCUSD   Bitcoin
This in-depth research delves into the three primary phases of Bitcoin market movement, namely:

  1. Recovery Phase
  2. Bull Run Phase
  3. Correction Phase

Additionally, we analyze the effectiveness and impact of the halving event on Bitcoin prices within these phases. Finally, we consolidate all findings to project potential future Bitcoin price movements.

Extracted some of the findings from previous done analysis.
POTENTIAL BITCOIN LIFECYCLE


Further details will be provided in subsequent analyses.

Your support through likes and feedback is appreciated. Stay tuned for updates on this research.

Thank you.
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Historically, Bitcoin is sub-divided into Halving Cycle, for more and proper understanding about this see the link below: In 2011= 1ST HALVING CYCLE
CORRECTION PHASE: Based on available date: November 2011.
PRICE RECOVERY PHASE: November, 2011 to January 2013. Lasted for 21bars, 420day to reach previous ATH level.
NOTE: Price movement from Halving day till it BREAK previous ATH occurred within 3bars, 56days
BULL RUN PHASE: January, 2013 to November, 2013, lasted for 15bars, 315days.
Detected Pattern: ROUND BOTTOM

In 2013= 2ND HALVING CYCLE
CORRECTION PHASE: November 2013 to January 2015. Lasted for 21bars, 413days
PRICE RECOVERY PHASE: January, 2015 to February, 2017. Lasted for 55bars, 770day to reach previous ATH level.
NOTE: Price movement from Halving day till it BREAK previous ATH occurred within 12bars, 238days
BULL RUN PHASE: February, 2017 to December, lasted for 14bars, 294days.
Detected Pattern: ROUND BOTTOM

In 2017= 3RD HALVING CYCLE
CORRECTION PHASE: December, 2017 to December, 2018. Lasted for 18bars, 364days
PRICE RECOVERY PHASE: December, 2018 to December, 2020. Lasted for 36bars, 735day to reach previous ATH level.
NOTE: Price movement from Halving day till it BREAK previous ATH occurred within 10bars, 210days
BULL RUN PHASE: December, 2020 to October, 2021 lasted for 16bars, 322days.
Detected Pattern: ROUND BOTTOM
The round bottom target did not hit, price only rally for 251% out of 553%

In 2021= 4TH HALVING CYCLE (( CURRENT MARKET CYCLE))
Wait for the update on this current cycle, that is where we make all our predictions and forecast into Bitcoin future.
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Update coming soonest. Stay tune!!!!!!!
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HUNTING FOR PRE-HALVING SELL OFF
As at today we are 18 bars, 126days away from next HALVING EVENT.

Let explore what happened on the previous 126days before Bitcoin halving.

1st Cycle
The price maintained a stable balance before the halving, experiencing a 56% drop but quickly recovering before the event. This indicates a pre-halving sell-off.

2nd Cycle
The price rallied strongly and then experienced a significant 30% drop before the halving, followed by a further decline of around 40% after the event. This indicates a pre-halving sell-off.

3rd cycle
A pre-halving dump of up to 62% occurred, attributed to the impact of COVID-19

It's important to observe that the previous three cycles have seen a pre-halving decline of at least 30% and up to 62%, followed by significant buying pressure.

Therefore: The current cycle which is 4th cycle

4th cycle:

We are anticipating a pre-halving sell-off, with a projected 40% decline from the 48k-52k range to the significant 31k level. It is also expected for the price to experience a rapid buyback before the halving event.


Please stay tuned and continue checking this thread for our next update, which will cover what happens after the halving.

In the meantime, feel free to share your comments with us and let us know your thoughts on our findings. Don't forget to hit the like button to show your appreciation.

Thank you!
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This analysis fully supportted our 4th cycle anticipations

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Our next update will focus on post-halving developments, including Bitcoin's projected price range and the anticipated timeframe for these movements.
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I extend my heartfelt thanks to everyone who has followed this thread from its inception. As we draw this discussion to a close, your thoughts, comments, and engagement remain invaluable.

Stay tuned for further updates, and thank you for your continued support.

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