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The #Bitcoin price is compressing, and soon it will breakout.
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This is called a Bitcoin banana effect We saw a massive pump in 2011, 2014, 2019, 2022 and If this plays out again we can see BTC $250k - $300k as the new bull market high. Multiple countries are approving spot ETFs, Funds buying billions worth BTC. Don’t ignore the signs. $BTC #BTC🌪️
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3 out of 3 times... The altcoin cycle top happened exactly 12-months after Bitcoin Halvening. We are now in Bitcoin Halvening month (April). So.. if it repeats 4th time, we are going Up in a very powerful fashion until April 2025. The biggest and most explosive growth moves would be in January-April 2025 #BTCHalvingApril2024 $BTC
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The Bitcoin halving is just around the corner. Everyone knows that the crypto market reacts sensitively to these halving events and causes significant price volatility. The main thing to look at ahead of the halving is the situation of miners. Depending on the miners' actions, you can predict what will happen before and after the halving and find differences from the previous halving. Competition has become increasingly fierce recently, with the Bitcoin network's hash rate reaching an all-time high, which means more miners are competing for the same rewards. Accordingly, some miners increased their BTC sales, with daily sales at the OTC desk in March reaching 1.6K Bitcoin, the highest since August 2023, and sales decreased sharply in April. This is a significant change from the past halving phenomenon, where sales decreased after three months. Since institutional accumulation increased after ETF approval and price declines were limited, miners seem to have turned to a strategy of reducing sales and continuing to hold. Considering various circumstances, it can be predicted that, unlike past halvings, the price increase in this halving will begin much earlier than in the past. #BTCHalvingApril2024 #LUNC🔥 #BullorBear
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