When considering the potential of Bitcoin reaching 200K during the upcoming fourth halving event, we can analyze the current market conditions and identify two possible scenarios:
White line - A slow and steady increase, similar to the pattern observed in 2016, where the price gradually rises until it peaks.
Blue line - A small bull market followed by a correction, resembling the 2020 pattern, where the price reaches 50K, then retraces to 20K, and final the official bull market begins.
Personally, I'm more inclined towards the second scenario, as it aligns with the 2020 pattern. However, considering the double top pattern, it's also possible that the market could continue along the lines of the 2016 script.
It's essential to remember that predicting the exact trajectory of Bitcoin's price is challenging due to the multitude of factors that influence the market, including global economic conditions, regulatory developments, and technological advancements. While the historical patterns and halving events can provide valuable insights, they should not be considered a guarantee for future performance.
Investors should always conduct thorough research and consider their risk tolerance before making any investment decisions. This analysis is for educational and informational purposes only and should not be construed as financial investment advice.
Comment
⋅
Here we go~ It's seems we are on the way now, will we go up for 40K/50K or down to 20K?
Comment
⋅
40K/50K target done~ Time to GoodBye kiss for 20K/30K about the Final Shot?