Bitcoin - Possible Bull Run Start Date Around Dec. 3, 2019
This is my first post. With almost everyone claiming that the bull run has begun, I wanted to share my findings of when I think the bull run might possibly begin. I do not believe we are out of the bear market yet. I believe we are experiencing rallies within the bear market. I also do not feel we have bottomed out yet. I believe that a correction could happen and a new low might be reached around September or October and could drop below $3,000.00. I don't believe it will be a straight drop down. I think it will be a slow downhill roll.
This chart is only to identify the possible start date of the bull run, not the price. The price indicated as the "start of bull run" on the current chart is still a moving target. The current price may still rise some more before the aforementioned correction.
As I was drawing trend lines, I noticed that where they intersected with the all-time high price line seemed to also coincide with the date that the price rose above the previous high. Hence, starting the bull run. I'm not sure if this is accurate... I guess we will see.
The yellow date lines are the bitcoin halvings. The yellow dotted line is the bitcoin halving price trend line extended. These don't really have anything to do with the bull run start dates. I was just using the halvings as a point of reference and also trying to see where the price might be around the next halving. If this is at all accurate, then we can expect a bitcoin price of $44k-$45k by May 20, 2020. The white dotted lines are running parallel to the halving trend line and are purely to reference the peaks and dips between bull runs.
This chart is only to identify the possible start date of the bull run, not the price. The price indicated as the "start of bull run" on the current chart is still a moving target. The current price may still rise some more before the aforementioned correction.
As I was drawing trend lines, I noticed that where they intersected with the all-time high price line seemed to also coincide with the date that the price rose above the previous high. Hence, starting the bull run. I'm not sure if this is accurate... I guess we will see.
The yellow date lines are the bitcoin halvings. The yellow dotted line is the bitcoin halving price trend line extended. These don't really have anything to do with the bull run start dates. I was just using the halvings as a point of reference and also trying to see where the price might be around the next halving. If this is at all accurate, then we can expect a bitcoin price of $44k-$45k by May 20, 2020. The white dotted lines are running parallel to the halving trend line and are purely to reference the peaks and dips between bull runs.
