My thoughts on the current situation.
Bitcoin and the relationship between the bullmarket TOP and HALVING.
In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING.
Taking this into account, theoretically, we should reach TOP in December this year, and then go into
a downward trend and consolidations for the coming years.
It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING),
the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis,
the top of the current cycle was achieved much faster ( 64k in March) and currently we are already in distribution phase.
Taking historical analysis of previous cycles into account, I estimate Bitcoin will find a bottom between $ 16,500 to $ 10,200 over the next 12-18 months.