#BTC #HalvingBTC #Analsis #ATH $BTC
đ„ Let's take a look at the chart and make a final analysis of the whole situation for 2024.
âïž Before we start analyzing the chart:
đ We are in the 5th week of the final phase before the đ Bitcoin bull run begins. This intermediate phase lasts approximately 𧟠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 đŠ the global COVID-19 pandemic, causing the entire cycle to shift by six months.
đ„ 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.
đč 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.
đ 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.
đ° 2017: 18,00 x 3.5 = 63,000
đ° 2022: 63,000 x 3.5 = 220,000
đ If you liked my article, you can support me, my Binance ID: 49658749
