Did you also notice that the second cycle was 43% longer than the first cycle and the third cycle has been shorter (incomplete)?
What I think is that this cycle was incomplete. For example if we go on based on the duration this cycle should end (the bubble) at least by the end of this year. If we go by size, the bubble should be $450k at least.
so the only conclusion I have made is that the 4-year cycle trend is either broken and we are seeing an entirely new trend ahead of us or there are still some months left (maybe 6+ months) in it to reach that bubble and burst final stage.
Topic: Bitcoin - Projected Bottom and Halving - page 2. (Read 210 times)
Hey Everyone,
Drawings on Chart:
Bottom - Green Line
Peak - Red Line
Halving - Yellow Line
200 MA and 50 MA are being used.
Does anyone notice the halving occurs in the center of where Bottom Starts and Peak Ends?
2011 to 2013, Halving happened in 2012 which was the center of that period.
2015 to 2017, Halving happened in 2016 which was the center of that period.
2018 to 2021, Halving happened in 2020 and if we consider the 69k ATH as a Peak, we see the halving is in the center once again.
Projected Bottom -
It is calculated on the basis of average number of days it previously took to reach Bottom from the Peak.
4th Halving Projection -
The date is from this source: https://www.deltecbank.com/2022/02/28/bitcoin-halving-2024/
Let me know what you think about this.
Thanks!
Drawings on Chart:
Bottom - Green Line
Peak - Red Line
Halving - Yellow Line
200 MA and 50 MA are being used.
Does anyone notice the halving occurs in the center of where Bottom Starts and Peak Ends?
2011 to 2013, Halving happened in 2012 which was the center of that period.
2015 to 2017, Halving happened in 2016 which was the center of that period.
2018 to 2021, Halving happened in 2020 and if we consider the 69k ATH as a Peak, we see the halving is in the center once again.
Projected Bottom -
It is calculated on the basis of average number of days it previously took to reach Bottom from the Peak.
4th Halving Projection -
The date is from this source: https://www.deltecbank.com/2022/02/28/bitcoin-halving-2024/
Let me know what you think about this.
Thanks!
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