The Best Full Analysis Of The Bitcoin Halving Cycle You Need Right Now
In my previous posts Making Money Using Bitcoin Halving Cycles and Working Backwards to Find Bitcoin’s Ultimate Target Price This Halving Cycle, I analyzed Bitcoin price targets by looking at how Bitcoin’s price moved from the cycle lows to highs and worked backwards to find Bitcoin price targets based on well-known Bitcoin price support levels. Both these methods revealed Bitcoin price targets of $50k-$100k with likely important price targets at $57k, $65k, $80k, and $100k.
In this post, I will look to compare Bitcoin Halving Cycle highs to find price targets and build the best overall outlook of Bitcoin’s third halving cycle. In my previous post, Making Money Using Bitcoin Halving Cycles, I identified the increase factor (from the pre-halving cycle low to the halving cycle high) reduced by a factor of 3.25x from the first cycle to the second cycle. Applying that to the third halving cycle we currently are in, that means the increase factor for this cycle was expected to be 10.37x which from the pre-halving cycle low of $8,465.45 gives us a price target of $87,777.27.
In my previous post, Working Backwards to Find Bitcoin’s Ultimate Target Price This Halving Cycle, I found that the increase factor (from the pre-halving cycle low to the post halving cycle low) reduced by a factor of 3.837x from the first cycle to the second cycle. Applying that to the third halving cycle, that means that we would have an increase factor from pre-cycle low to post-cycle low is…