Bitcoin, the violent bull market has begun or is about to begin!

The bull market always starts unconsciously and grows in hesitation! After each halving, Bitcoin will experience a consolidation period of about 6 months.

In 2016, it took 170 days to break through the previous high after the halving

In 2020, it took 197 days to break through the previous high after the halving

In 2024, the halving time has passed 170 days

If Bitcoin breaks through $70,000 and stands firm, it will officially announce the start of a new round of market.

At present, market sentiment has improved, the price of the currency has stabilized at 63,000 and there are signs of continued upward attack. However, the old leeks unanimously believe that breaking through $73,000 is the real entry into the bull market.

Based on the prediction of historical cycles, according to the analysis of Bitcoin's halving cycle, the violent cycle after halving starts 170 days after halving. October 13, 2024 is this key node, which suggests that the bull market may have begun or is about to begin!