Bitcoin long term analysis
Hey everyone!
Here is a bitcoin chart i put together on
BLX
We can clearly see bitcoin is following its usual cycles, just as most trader expected :)
Something interesting i noticed was the following:
Halving 1: It took 3 months to break the previous all time high after the first halving
Halving 2: It took 6 months to reach the previous all time high, and approx. 9 months to break the overhead resistance after the second halving
Could a similar pattern continue? Maybe this time we need to wait 9-12 months after the 3rd halving to break $20 000?
This would put a bitcoin breakout somewhere between February and May 2021. This makes a lot of sense to me as bitcoin becomes more mainstream, gains liquidity and the volatility lowers.
Let me know what you think! When will bitcoin break $20 000?
Cheers. Happy hodling
If you like my bitcoin charts!
bc1qrp8ajsj46dutllyuxch226qac3nce2e0t53t96
Here is a bitcoin chart i put together on
BLXWe can clearly see bitcoin is following its usual cycles, just as most trader expected :)
Something interesting i noticed was the following:
Halving 1: It took 3 months to break the previous all time high after the first halving
Halving 2: It took 6 months to reach the previous all time high, and approx. 9 months to break the overhead resistance after the second halving
Could a similar pattern continue? Maybe this time we need to wait 9-12 months after the 3rd halving to break $20 000?
This would put a bitcoin breakout somewhere between February and May 2021. This makes a lot of sense to me as bitcoin becomes more mainstream, gains liquidity and the volatility lowers.
Let me know what you think! When will bitcoin break $20 000?
Cheers. Happy hodling
If you like my bitcoin charts!
bc1qrp8ajsj46dutllyuxch226qac3nce2e0t53t96
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.