Bitcoin Explosion imminent!? Mini-Bull Market Watch!
The bull markets of 2011 and 2019, which developed in early Crypto Spring, produced an explosive move to the upside heading into the second quarter of the year. In this video we briefly take a look at these moves and other possible scenarios. The "pillars " drawn here in ever Crypto Spring run from April 1st to October 1st on the horizontal axes and 50% above the future halving price on the vertical axes. If bitcoin follows this same pattern we will see an explosive move up to the future halving price in the 2nd quarter followed by a dump back below the future halving price in the 3rd quarter.
What are your thoughts? Let us know in the comments below.
What are your thoughts? Let us know in the comments below.
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Is it happening again?
Bitcoin blasts into 2nd Quarter with move above 30,000 USD.
Bitcoin blasts into 2nd Quarter with move above 30,000 USD.
@4:00 we discussed the possibility of a macro triple top which is highly unlikely! The main reason being logarithmic regression.
@4:20 we mentioned 2015 instead of 2019 as being a Crypto Spring which saw an early start bull-market. So far, the 2011 and 2019 Crypto Springs are the only 2 years that have produced a bull market that began in the first half of the year.
Thanks for watching!