Bitcoin on pace to hit $100k between April and September
Bitcoin doing what bitcoin do
It's easy to get lost in all the news these days, but when you just look at the graphs and the charts bitcoin is simply continuing to do what it always does post halving.
Go up.
It's squarely between the previous two post halving bull markets and continues to track along as expected.
If it continues to track like this, it will hit $100k at some point between April and September.
Sees:
(Source: https://twitter.com/100trillionUSD/status/1359537254503510018/photo/1)
Bitcoin peaked about 13 months after the 2012 halving, and about 18 months after the 2016 halving.
Right now we are getting close to 10 months post halving.
Based on that timing, bitcoin may peak between May and October of this year.
Considering how well bitcoin tends to do in December, I wouldn't be shocked if the top happens end of this year.
If we get to $100k by April or so, it's probably going a lot higher at the peak.
Can't wait for April and May.
The price is looking like it's just now starting to move in a big way again.
Peak this summer or end of this year.
I like these charts!
Look pretty sweet don’t they!
You think it can keep tracking in between the past two post halving patterns?
Sure hope so, though it seems like the current adoption by virtually everyone would make any past trading patterns obsolete... what are your thoughts on that?
You might think so, and it may, but so far, it's literally right on track. The next move is to the $60k area minimum before another 30% correction.
Nice, I love how steady the climb has been. Pullbacks have been pretty short too
Yep, there will still be a handful of 30% plus pullbacks though. We've had at least one so far, we had 6 or so during the climb in 2017.
I would happily sell at $100k - a new truck would be nice 🤔 taxes will hurt!
The pattern in 2017 is to go up by more than 100% (average of 153%) from the recent lows before the next 30% correction. The low was $29k.
That would be sweet - how many times has it done that same pattern?
It happened 6-7 times during the move up in 2017. I have a post up on it somewhere.
Will it continue that way forever? $10,000,000 in ten years?
That would be sweet! 🙌🏻
It's amazing how repeatable these cycles are... unreal.
Never been too good at charting, personally - should work on that...
Nah, you don't need to. Just follow me and I'll keep you updated!
That is my plan - just do whatever jondoe does!
Every now and then he gets lucky and makes the right move!
Seems to be super lucky (or maybe knowledgeable) to me!
Perhaps a combination of the two. :)
Everything is about supply and demand. As institutions, corporations, insurance companies and the like, buy massive amounts of BTC they will shrink the supply thus making it more difficult for the retail investor or trader to purchase. This will certainly drive the price higher. Your time line seems about right based on history.
Exactly. I couldn't have said it better myself.