Bitcoin Halving Cycle: The Final Countdown?
In my last post about Bitcoin, I mentioned during the last halving cycle, there were three significant dips (of 37.5%, 35.5%, and 29%) and increases from the short term tops (of 63.3%, 27.1%, and 153.5%) during the halving cycle bull run of 2016 as shown below.
During this current halving cycle, we have had three dips (of 30.98%, 25.87%, 17.55%) and two increases from short term tops (of 39.05%, 5.75%).
If this halving cycle follows the last halving cycle with three dips and three short-term top increases, it is possible that we are on that last and final increase of this third Bitcoin halving cycle. The question then becomes, how high can we go from here if we follow that move?
Comparing the 2016 to the 2020 halving cycle dips and increase percentages, we see that overall the dips & increases reduced by an average of 40.22%
If we use that average as our guide, then we should expect the third increase of short term tops to increase by 61.74%, giving us a…
