Over the course of the last three bear market cycles, a striking pattern has emerged within the cryptocurrency landscape. Each cycle has unfolded in an eerily consistent manner:
1: The onset of the bear market is signified by a rejection from the 200-day Moving Average (MA).
2: Following this rejection, the market takes precisely 224 days to reach its nadir.
3: Subsequently, the price steadily climbs back to the point where it was initially rejected, synchronizing with the timing of the halving event.
It's worth noting that the next halving is projected to be on April 22, 2024. Thus far, this behavioral pattern has held firm across the bear market cycles, presenting an intriguing precedent for potential future market movements.
1: The onset of the bear market is signified by a rejection from the 200-day Moving Average (MA).
2: Following this rejection, the market takes precisely 224 days to reach its nadir.
3: Subsequently, the price steadily climbs back to the point where it was initially rejected, synchronizing with the timing of the halving event.
It's worth noting that the next halving is projected to be on April 22, 2024. Thus far, this behavioral pattern has held firm across the bear market cycles, presenting an intriguing precedent for potential future market movements.