LIVE#Bitcoin cycle analysis
Beware of the coming tremor!
I see the bulls are thrilled that #BTC spent a month trading at over $32,000.
But when everyone became optimistic, the market slapped us in the face
I think we will see a very significant decline soon in the coming days
Bitcoin reaches highs and lows at roughly the same time in the cycle.
After the bear market bottom this year (accumulation phase), we saw a +54% increase.
This will be followed by a long and boring correction in the coming days (reaccumulation). Then we take off sharply again
Let's compare
+82% in 2016
+63% in 2020
+54% in 2023
And just when everyone is optimistic, we are punished severely by the market!
In 2016 -40%
Madness of 2020 -63%
It remains to be seen how strong the market will be in beating the bulls this time. I think it could be between -35% or -45%.
Interestingly, this pump usually occurs 1250-1270 days after half-life. I call this the pre-halving rally
Those who weren't expecting this pump are starting to get a little scared because now everyone is shouting it's the "Big Race"
“The half is coming, brother.”
I call it “the final jolt before the bull run.”
#BTC #BTC /Update: #crypto_hunter19
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