MultiversX Tracker is Live!

Bitcoin Halving: An Analysis

All Cryptocurrencies

by COINS NEWS 216 Views

Bitcoin Halving: An Analysis

The Bitcoin Halving is something not widely discussed here, so let me briefly introduce this concept.

Fundamentally, every halving event causes Bitcoin's price to rally to new all time highs

Figure 1. Price (USD) of BTC in relation to halving events

As you can see the cycle lengthens (courtesy of Maestro Benjamin Cowen) and BTC has yet to rally into it's blowoff top this cycle.

Figure 2. Bitcoin is nearing its next halving (-48.7% currently)

Today, BTC is at -48.7% from it's local top. We are very close to the next halving (-50%). Get ready for the most parabolic run ever this year.

Taking into consideration the lengthening cycle and bitcoin halving, I can only conclude that we are, as academically put, all gonna make it.

NFA DYOR

submitted by /u/Wubbywub
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments