Based on the fact that the price appreciation between halving events gets 50% smaller each time, I predict the next bull market will take BTC to $140-150k. After the next halving will see a bull run taking BTC to ~ $500k.
NVT going green signals massive bull runs,
as you can see we get a triple top trident red pattern on NVT then a drop into a green bull signal that launches Bitcoin past ATH.
There's no reason why it should not do the same this time. It looks to me if this is the case that we could go sideways bouncing between 6 and 9 until at least September next year and if...
Bitcoin Controlled Supply
Bitcoin are “minted” during the creation of each block at a fixed and diminishing rate. Each block, generated on average every 10 minutes, contains entirely new bitcoin, created from nothing. Every 210,000 blocks, or approximately every four years, the currency issuance rate is decreased by 50%. For the first four years of operation of...
interesting observations on btcoins price history.
--Bitcoin (blx coin) on 1W timeframe--
-aproxx every 53 bars, or 370 days before each block halving, the price finds a bottom:
(eg: oct/nov2011, june2015, and more recently march 2019 and march 2020)
Price coils inside the fractal trendlines (red and purple flag formation on 1W tf), then breaks out on/around the...
for the absolute idiot youtuber's, you know how they are. The Moon and his dick head mates.
100k by the end of the year now they are saying.
it beggars belief the number of people who listen to these twats
they can't even figure out short and long squeezes
the global economic crisis is bad for bitcoin, not good!
these dickheads still think bitcoin will...
So my thoughts on this price action is simple right now. We are displaying hidden bearish divergence on higher time frames, declining volume and a corrective move up towards the death cross.
In the past we commonly test the death cross before continuing down .. so my analysis stipulates we will see $7500-$8000 tested before coming lower to new lows or a double bottom.
When NVT (bottom graph) turns green in history it starts an upturn in the bitcoin cycle
we are not far from it.
4400 btc price is what I'm expecting to be the bottom as it hits the historical yope as it has with EVERY halving.
just my opinion of course but its been the same twice before,
btc price reaches the bottom of the yope channel around 4300