BTC - If history is any indicator, this is what comes next...
With Bitcoin roughly 100 days from its next halving, there is one predictable pattern...
As bitcoin inches ever closer towards its next halving event there is likely to be something play out in a similar fashion as the last 2 halvings.
What might that be you may be wondering?
In a word...
Volatility.
If we look back at the previous two halvings we can see that there was both run-ups and sell-offs in the 4 months prior to the halving events.
Check it out:
(Source: https://twitter.com/Pladizow/status/1215657969284714496)
In the first instance, we saw bitcoin rally 43%, then fall by 50%, only to rally another 58% into the halving.
In the second instance, we saw bitcoin rally by 88%, then fall by 30% prior to the halving.
In both cases we saw increased volatility around the halving, something I fully expect us to see again
In fact, we are likely already seeing some of it.
We have already seen bitcoin rally by over 30% to start the year, and then fall by 10%. I fully expect this pattern to continue as we inch closer to the halving.
Buckle up for some volatility and enjoy the ride!
The really fun stuff happens a few months after the halving.
Stay informed my friends.
-Doc
When looking at the monthly candles, BTC pulled back 60% after the two previous halvening events. Volatility indeed! 😄
Yep, that seems to be the dip you want to buy in order to hold the shortest amount of time while experiencing the largest gains.
I trust no global pandemics pre-halving represented in those charts. We have an incoming Black Swan!
Black swans are always lurking.
Yeah but this one may take wing and shit on a large percentage of everyone.
and on the end of the year we know :)
Volatility will surely be the case surrounding Halving, just before it starts the run-up to the next bullrun. You're right that we've seen this already going into 2020, and surely more will come soon. Now that institutions are at play, and we've got more people using Bitcoin than ever, it'll be an interesting show to watch.
thank you for this valuable information
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