"This is the worst Bitcoin cycle ever!"—Not so fast!
Let’s rewind. In 2016, 20,200 blocks after the halving, Bitcoin clung to the red-line support in a much tougher situation than today. Fast forward to 2020, the same 20,200 blocks post-halving, and Bitcoin was positioned right between the green-line (linear regression) and red-line support—a pattern that mirrors exactly where we stand today in 2024.
Now, here we are again, 20,200 blocks past the halving, with Bitcoin sitting comfortably between those same trendlines. This isn't the worst cycle—it's a recurring, historical rhythm. The data doesn’t lie. Stay sharp, watch the trendlines, and let the cycle unfold.
#BTC☀ #CryptoCycle2024 #MarketPatterns #BullRunAhead #StayInformed