⛏ Where will bitcoin meet halving? ⛏

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4 years ago

A bit more than a week remains before the main event of 2020 in the crypto world, a bitcoin halving. Over the past month and a half since the collapse of the markets, the main cryptocurrency, and with it the entire digital asset market, has fully recovered and are gaining strength for a new rise. A study by Currency.com cryptocurrency analysts shows that Bitcoin behaves quite predictably, repeating the scenario of the previous two halving, showing approximately the same dynamics, but adjusted for the global crisis and pandemic, which have collapsed BTC for a short period of time.

The dynamics of bitcoin before and after halving is the same. First, bitcoin grows, reaching a historical maximum, then drops by more than 80%, gradually recovers to average values ​​from the previous peak and halving occurs, after which a new peak submits within 13-17 months. It turns out the scheme "Peak - Bottom - Recovery (Halving) - New peak." By the way, this model is fully consistent with the standard business cycle.

🔸 2011-2013

- Peak - $ 32

- Bottom - $ 2

- Recovery to halving - $ 12.5

- New peak in 13 months - $ 1177

🔸2013-2016

- Peak - $ 1177

- Bottom - $ 163

- Recovery to halving - $ 665

- A new peak in 17 months - $ 19,800

🔸2017-202?

- Peak - $ 19,800

- Bottom - $ 3148

- Recovery to halving - $ 9400-10400

- A new peak in ?? months - ???

As you can see, the scenarios are almost identical, and the current rate is very close to the expected values. Given the growing open interest in bitcoin CME futures and the increased activity of large investors, the price is likely to reach $ 9400- $ 10400 for the remaining days.

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4 years ago

Comments

A very good insight into the Pre and post Bitcoin halving exercise. Keep doing the good job!

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4 years ago

Thank you friend! It’s nice when your articles are interesting

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4 years ago

Thank you for the reply. Just keep going in the community by giving us useful and educative articles. Keep going!

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4 years ago

It is gratifying to have like-minded people! It is inspiring to write further !!

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4 years ago

Excellent refresher on the numbers and will be bullish! Maybe sell on halving day and buy back thereafter.

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4 years ago

Interesting approach. I'm wondering how much of my alts I should shift over to BTC in anticipation of the appreciation in value after the halving....what are your thoughts, in terms of percentage?

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4 years ago

After helving, there may be enough time to see its results! We will see!

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4 years ago

We have to wait for major shifts. You can’t say anything yet, as there can be an intensive rise up, and there can be a powerful rebound to the lower boundary of the triangle in several stages!

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4 years ago

What you said sounds similar to what i said. lol BTC will rise up for the halving, pullback and then moon. ;)

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4 years ago

Yes, friend! It's great that our thoughts are similar. It is very happy :)

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4 years ago

Well BTC moved to just under 10,000 over the last few hours. Fun few days to go. Now under 4 days til halving. Except price to move to 12-14k.

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4 years ago

I try to take this calmly, I continue to wait for the moment :)

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4 years ago

Like everyone else, I am so interested to see where we land post-halving. I'm not sure if I should be shifting my alts to BTC in anticipation. What are your thoughts on this?

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4 years ago

The answer is simple. I think you need to keep about 50/50. 50 Bitcoin = 50 all other viola.

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4 years ago

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4 years ago

Well-done Rodion, keep pouring it out

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4 years ago

Thank you Your support is important to me !!

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4 years ago

You're welcome, you earned it. Good work comes with great comment.

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4 years ago

It is very important for us to create a strong relationship and share experience, this is a wonderful gift that a person has acquired!

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