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Topic: Bitcoin Cycle Low Multiple (Read 30 times)

legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
May 01, 2024, 06:07:36 PM
#5
In my opinion, negative news is one of the main factors that has led the price to fall a lot and this negative news has come about in times when the halving follows and people sell immediately and after a few months when the market becomes calmer and there is positive news, the price starts to rise a lot, but then it falls too much to correct and remains stagnant for a long time. In the current case, people are panicking because of the news about the arrest of the owner of Binance and because they had high expectations that the price would rise a lot immediately after the halving, something that historically has not happened

But you also cannot look at past events as if they were a prediction of what will happen in the future. for example this time the price reached the ATH before the halving because there was good news before the halving, this shows how good and bad news play an important role in the rise or fall of prices, we will probably see big price rises in the next year and the people who really want to make big profits need to be willing to do hodl for at least 2 years
hero member
Activity: 1008
Merit: 599
May 01, 2024, 04:35:40 PM
#4
I kind of think that Bitcoin like mirroring the 2019 pre-Bull market that we saw market moved up to $13.9k before the halving and later sold of Before the halving day, So Bitcoin is cooling off its gains after we had that quick run to the up side before the halving, If you check on the chart we had 7 consecutive monthly green candles which saw the price kissed $73k, Therefore the pull back is due, we closed last month with a red candle ,maybe we might get this month too close on a red candle before we start to see things gets juicy once again.
hero member
Activity: 1526
Merit: 597
May 01, 2024, 03:10:08 PM
#3
If it was as simple as that  Grin I think Bitcoin is more complex than that and speaking of a pattern when there are only less than a hand full of data points is a bit problematic. But I think that the real long term considerations do make sense. Unless the globe will be blown up by a nuclear war, Bitcoin is likely to thrive further. Every single bit can accumulatively make a difference, but one of the important pieces of the puzzle is a second layer solution that allows for Bitcoin to be more broadly used in my opinion. Big players will park their Bitcoin anyway and they don't care when the fee is 50 USD to send Bitcoin from A to B, but countless of people have their money stuck. It doesn't really allow for a Bitcoin economy to thrive.

The halvings should have less of an effect over time I think.
hero member
Activity: 1036
Merit: 674
May 01, 2024, 05:36:23 AM
#2
It can continue to be in this price zone or go a bit more lower for another 20-22 days before it starts moving up.

Days it took BTC to reach a new ATH from Halving:
Cycle 1: 367 Days (Tuesday, 22nd April 2025)
Cycle 2: 525 Days (Saturday, 27th September 2025)
Cycle 3: 546 Days (Saturday, 18th October 2025)
Avg.: 479 Days (Tuesday, 12th August 2025)
As much as history can repeat itself, there would be a confluence about certain points as we can observe in the days it took for the 2nd and 3rd bullrun to kick in after respective halving. It’s almost a month difference between them both which clearly shows a pattern that, Bitcoin seems to be following in creating these cycles.

With the charts indicating that there haven’t been any drastic change except for the fact that, it took a shorter time in the earlier 1st cycle which could be due to the influx of users and popularity which is roughly 5months down the line,
We could have the bulls kick in even faster this time and as such, every drop in price as we have it now should be taken advantage of.

The correct happening now is in order and a much needed one to ensure users don’t miss out and a moment to release weak hands.
copper member
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
May 01, 2024, 05:26:06 AM
#1
You can clearly see the price discount that is currently going on is very much similar to the previous market cycles after Halving.
It can continue to be in this price zone or go a bit more lower for another 20-22 days before it starts moving up.

Days it took BTC to reach a new ATH from Halving:
Cycle 1: 367 Days (Tuesday, 22nd April 2025)
Cycle 2: 525 Days (Saturday, 27th September 2025)
Cycle 3: 546 Days (Saturday, 18th October 2025)
Avg.: 479 Days (Tuesday, 12th August 2025)

All of these dates are from previous cycles, you can clearly see no cycle is 100% similar however history does repeat itself.
I personally would suggest to keep accumulating and HODL until October of 2025. Good Luck!  Wink


https://charts.bitbo.io/cycle-low-multiple/
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