-snip-
2012 - Bitcoin halving
2013 - go to the moon
2014 - Bitcoin down
2015 - Bitcoin prices wake up from the downturn
2016 - Bitcoin halving
2017 - go to the moon
2018 - Bitcoin down
2019 - Bitcoin prices wake up from the downturn
2020 - Bitcoin halving
2021 - go to the moon
2022 - Bitcoin down
2023 - Bitcoin prices wake up from the downturn
2024 - Bitcoin halving
2025 - You probably know that
So is it possible that history will repeat itself and of course I need to see a lot of speculation in this thread and also bitcoin price analysis next year whether it will repeat the cycle or not. while the $100k price target is highly anticipated
You have good references, no doubt but the market is not always working like that. Fine, for years, Bitcoin history was repeated but can you say the same of what we are facing now? Also, the past event is not a certainty of the future outcomes which is why we should not be so rigid about the past history of Bitcoin, anything can happen, and change is constant. Bitcoin has had its time in the past, it's time for it to deviate in my opinion and the earlier we prepare for it, the better for us.
On the weekly chart below, we still have a lot to overcome as the market has been facing challenges for too long and it's even below the main support level of the indicator seen below. You can also see that the price action is more negative than positive which is another issue for the coin. However, three points are to be referenced to tell us what it could do, the points are $73,970 (resistance), $62,270 (resistance), and $48,480 (support). As defined in the brackets, the market needs to break the two lines before I think of any bullish hope, and most importantly above $73,970 is a good activation of the overall bullish trend continuation. However, a breach below $48,480 may weaken Bitcoin further.