Bitcoin long term analysis

15 thg 10, 2020

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!
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