Understanding Bitcoin's Dip: The Real Reasons Behind the Drop 🔥🔥
Is the bull run over? 😢
Was $74,000 the top? 🤔
These questions are on many minds right now, but they stem from a lack of understanding about the Bitcoin halving cycle. Let’s break it down:👇
💥🔥In 2016, after Bitcoin's halving event, the price moved sideways for 182 days. The market didn't show significant upward momentum immediately, which made some people anxious. But after this period of consolidation, Bitcoin surged to new heights.
✨Similarly, in 2020, following another halving event, Bitcoin's price stayed relatively flat for 161 days before starting its next major rally. This pattern reflects a cycle that repeats with each halving.
👉Now, in 2024, Bitcoin has been moving sideways for about 114 days since the last halving. If history is any indicator, this period of sideways movement might continue for another 40-45 days, or until the end of September, before we see a major breakout.
➜ In 2016, BTC went sideways for 182 days after halving. 🔥
➜ In 2020, BTC went sideways for 161 days after halving. 💥
➜ In 2024, Bitcoin is going sideways for 114 days since halving💥
🚀🚀It's important to note that Q4 has historically been the most bullish quarter for Bitcoin. Given this trend, many are expecting Bitcoin to break out and move upward as we approach the end of this cycle.
So, while it may seem like Bitcoin is stagnating or even declining, this is likely just part of the natural cycle. Patience is key, as the next big move could be just around the corner.
🔥🔥BTC/USDT might attempt a fresh increase if it stays above the $58,000 zone.
✅NOTE: Follow For More... to get free VIP Signals , Chart Analysis 🚨, and update news.
So you will not miss any signals or opportunity.💰
💥✨I am the First Free VIP Signal Provider, Binance Square Content Creator | Crypto Analyst | Trader | Binance Live Streamer | Crypto Expert | Influencer | Twitter X @realmabbaskhan
🔥 So that's why Follow Plz.❤
#realmabbaskhan #BTCanalysis
#LowestCPI2021 #btcdumping #bitcoindump