Using support/resistance, rsi, and Shiff fork we can gaze into the crystal ball for entertainment only.
If bitcoin were to follow a pattern similar to the 2016-2020 cycle, the target could be as high as $290,000 dollars. If bitcoin were to follow a pattern similar to the 2012-2016 cycle, the target could be as high as $800,000 dollars.
This is what I foresee in BTC/USD in terms of long-term market cycle trends between now, the next halving (currently projected to be on May 27, 2020), and the halving after that (currently projected to be between March 2024 and June 2024). The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates. Bitcoin market cycles have...
This is a humble idea for this current bitcoin cycle. I took 3 previous cycles and projected their avarage differences taking S2F targets as a reference. I noticed the (small) possibility of two main peaks: one during the end of 2021 and one for the end of 2024. I can't imagine a final peak during the end of 2021 because this will result in a similar cycle lenght...
The third ever halving took place on May 11 in the Bitcoin network on block #630000. The specified block, the award for which amounted to 6.25 BTC, at 19:23 GMT got the AntPool pool. Halving is a halving of the miners' reward for adding a new block to the block. Satoshi Nakamoto programmed halving in the bitcoin network every 210 thousand blocks, i.e. once in 4...
Bitcoin Halving approaching, looking like the bottom is in or very close to it. Take with it what you will, all points are estimations! Enjoy $BTC #BTC #BTCUSD #BITCOIN