Very simple analysis of what btc has been doing in the lead up to the previous 2 halvings and a projection based on my findings.
notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third.
i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have...
In this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by
upright line on the left)
After 2016 halving price dropped a bit, and then wen't fully parabolic.
This spring again the same event will occur, the halving.
Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation...
I was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference.
A picture speaks a thousand words....
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".The halving decreases the amount of new bitcoins generated per block. This means the supply of new...
So far there have been 2 halving events in the history of bitcoin. By nature, halving decreases the future supply of Bitcoin and thus fuels an increase in price, if demand remains or increases.
Looking at the previous halving event back in 2012, it fueled the 1st bitcoin bubble. Back then the price increased by about 100 times (10 USD - 1k USD).
Now, after the...
Bitcoin bulls are getting stronger in anticipation of the fundamental very bullish Bitcoin mining reward halvening event. My price target for the halvening (which is calculated to happen in six weeks in June 2016) is between a value of 4000-5000 "CNY", so I drew a target line at a price of 4444 "CNY".
Entry: long either as low as possible, or with more certainty...
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle but this one is based another of my studies on the fractal of 2012-2013. The previous rally to $790 was actually supposed to fail and I did not notice this until I studied the charts and history further.
The good news right now is that Bitcoin should bottom at $610 and...
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle based on the fractal of 2012-2013. It was spot on so far until that additional leg to $780 probably due to that short squeeze that started on Okcoin Futures.
Bitcoin blew past $650-680 and we continue our journey way higher as we head to the "moon". If we manage to hit...
