Disclaimer: This article is not financial advice and is solely based on personal experiences. It is for entertainment purposes only.
Given these historical trends, we may not see Bitcoin surpass the 69K mark until after October 2024. 📈
Namely, the Markup phase, i.e. the final impulse on the market, does not start based on the Halving date, but from the moment of breaking the ATH. ATH of the previous cycle 🔺, in none of the previous cycles, did not happen earlier than 6-7 months after the halving (in our case it would be the end of October 2024)
Therefore, investors should prepare for potential price stagnation or even a slight drop before we see Bitcoin rallying past the 69K threshold.
If by any chance this happens in the next 3 months until the halving, will the cycle be shortened compared to the previous ones? It is impossible to predict.🔮
Given these considerations, it's critical that investors remain patient and strategic. While it can certainly be tempting to engage in quick buy-and-sell tactics during this period, such actions may not yield the desired results. Instead, consider this as an opportunity to bolster your holdings or potentially diversify your portfolio to mitigate risk. The history of Bitcoin has shown us that cycles can take time to unfold, and this cycle does not appear to be an exception. Should the cycle shorten unexpectedly, it would mark a significant shift in Bitcoin's historical behavior and could suggest new market dynamics at play.
While the anticipation surrounding Bitcoin’s potential to break past the 69K mark is undeniably high, it's crucial to temper expectations with a thorough understanding of its historical cycles. The recurring timeframes between halvings and highs are not accidental but rather indicative of complex market dynamics. It's these cycles that give us a roadmap for expectation management, suggesting we might have to wait until after October 2024 for significant price movement. Regardless of whether this cycle shortens or lengthens, the key takeaway for investors is to stay informed, plan strategically, and exercise patience. After all, the crypto market has always rewarded those who can ride out its waves with the benefit of foresight and a long-term outlook.
Three situations should potentially be considered:
📈 In the first case of correction up to 34K and below, the traditional setup of 4 year cycle would be confirmed and the Old Ath would most likely not break through before 200 days post Halving in our case at the end of October 2024 (Halving is in about 79 days)
📈 In case we try 50K in the coming weeks and stay above 50K, the assumption is that before the halving we could test and break above 70K until the Halving. In that case, we are potentially entering a shortened cycle and we need essentials ready for that possible option as well. A shortened cycle would occur, with a blowup top at the end of 2024 or the very beginning of 2025.
📈 Are there other options?
Additionally, it's worth considering a scenario where Bitcoin maintains a steady price without significant fluctuations, challenging our traditional understanding of its cycle dynamics and potentially introducing a new paradigm in the crypto market.
Disclaimer: This article is not financial advice and is solely based on personal experiences. It is for entertainment purposes only.
👉 And remember, always conduct thorough research before diving into any project. Never take what you hear or read for granted. Put in the effort and do your own research. Develop a strong understanding of what you’re investing your time and resources in. In rapidly evolving ecosystems, like blockchain technology, knowledge is power and the key to making informed decisions.
Thanks for reading!
If you like the content, 🔔 collect 🙏 the article, and share it. Thanks.
Jenny ⭐
