#BTC #HalvingBTC #Analsis #ATH $BTC
🔥 Let's take a look at the chart and make a final analysis of the whole situation for 2024.
⚙️ Before we start analyzing the chart:
📌 We are in the 5th week of the final phase before the 🚀 Bitcoin bull run begins. This intermediate phase lasts approximately 🧮 4 to 6 weeks and has been present in all Bitcoin halvings since 2012. The only difference is that the last halving on 11/05/2020 coincided with 🦠 the global COVID-19 pandemic, causing the entire cycle to shift by six months.
🔥 The bull run in 2021 was also shifted by six months and had two maximum rises and falls in one cycle. Based on historical data, we can expect 1 to 3 local ups and downs in one Bitcoin bull run cycle. The whole cycle, according to historical data, will last about a year from the start of the bull run in 2024/2025.
🕹 Until the Bitcoin halving, which is expected this week, a phase of stabilization of the Bitcoin price is predicted at the level of 72,000 - 73,000 followed by a sharp rise.
📐 It is difficult to say exactly what maximum prices we can expect, but if we rely on historical data, we can on average multiply the last previous maximum by the number 3.5.
💰 2017: 18,00 x 3.5 = 63,000
💰 2022: 63,000 x 3.5 = 220,000
🎁 If you liked my article, you can support me, my Binance ID: 49658749
