For those of you who don't know me, I have two obsessions in life: AI and cryptocurrencies. Not necessarily in this order.
With the BTC Halving, I decided to explore the possible future scenariosโand to analyze the behavior of BTC during the past halvings. Here are some observationsโof course, I can be wrong:
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ๐ฌ: Post-halving, the price trajectory has shown notable patterns:
โข After the first halving in 2012, BTC price skyrocketed by approximately 9,900%, peaking about a year later.
โข The second halving in 2016 led to a price increase of about 2,946%, taking 17 months to reach its peak.
โข Following the third halving in 2020, the increase was more subdued at around 679%, with the peak occurring 17 months later.
The form of the price line across these halvings demonstrates a market that is evolving and becoming more resilient.
Each post-halving period shows a gradual slowing down of volatility and price spikes, suggesting an increasing influence of institutional investors who tend to have longer investment horizons and more strategic approaches.
This trend indicates a shift from speculative retail behavior to a more stabilized and mature market.
In the short run, there should be a correction. This might lead the price of BTC below $60,000. However, it seems that the cycle wasn't complete, and the sideways movement right before the halving was just a short "test" that resulted in a short accumulation phase.
Since the cycle wasn't completed, BTC should at least reach $128,000 in the coming months; however, be aware that the real downfall might still be yet to come!
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.