BITCOIN BORING PHASE
Are you wondering why the price of
Bitcoin is just moving up and down?
It is because we are in the BORING
PHASE.
This phase happens BEFORE and
AFTER the HALVING.
1. In the past 2 cycles, we can see that
the BORING PHASE range between
30-33 weeks.
After that, the price had a strong
parabolic move reaching a new ATH.
When will the BORING PHASE ends?
Assuming the same timing, we can
expect it to end in September 2024.
October will be UP-tober.
2. The price grew massively with
2300% and 445% respectively.
After analysing the pattern, we can
assume a conservative price of
$150,000-$180,000.
But there are BIG FACTORS that could
affect the price of Bitcoin going to
$250,000 easily.
🔸 Pro-Crypto U.S. President. This will lead to positive crypto regulation and open more liquidity.
🔸 U.S. to adopt Strategic Bitcoin Reserve. And many countries will follow.
🔸 Russia using crypto for international trade. Russia is part of BRICS. Countries under BRICS can implement the same strategy.
🔸 Rumor of China unbanning crypto. China is part of BRICS.
3. When ATH?
After halving, the past 2 cycles show a 74-77 weeks period before reaching new ATH.
The same period tells us that this cycle ATH will be on Sep-Oct 2025.
****
Final Take.
The BORING PHASE is BORING. But it is there to give us time to evaluate our crypto holdings, add more Bitcoin to our bag, and enjoy life before the parabolic move.
Coz once the parabolic move starts. We will have less time to have a life because we will talk about BITCOIN, ATH, TO THE MOON and LAMBO all day long.
