THE NEW MARKET TREND STARTING

The new market trend is indeed starting because the indicators start showing a direction that the market is moving in well before Bitcoin has it halving. Right now, we are building up the dry powder for a new bull run. The Bitcoin halving is going to be the spike that lights it all off. If we look at the Bitcoin chart, we will see that the 50 days moving average has crossed 200 days moving average. This is an important moving average crossover, previously when this has happened after a long and strong down trend has been the signal that the new market circle is beginning and that the bear market is coming to an end.

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The crossover actually happened in early February meaning that 2023 could a very exciting year for cryptocurrency market. This is the beginning, potentially for something very exciting but likely there is not going to be a new high after the Bitcoin halving and that is it the fours circle theory does hold true. We are in the accumulation phase, it is a time to be paying attention and it is a time to be building up those bags for the next bull run. This accumulation phase is likely to last until Bitcoin halving March 2024 which will follow the big bull run markup phase. It took about 48 weeks for Bitcoin to hit a new all-time high after the halving.

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During that time, it rallied about 640% and it rallied $200 above its previous all-time highs. The next Bitcoin halving is likely to happen in March 2024, not that history is going to repeat but if it were to rhyme, it will take 48 weeks to hit a new all-time high after Bitcoin halving. No one knows what will happen in the future when it comes to price prediction. If you look at the Bitcoin Rambo chart, it is the logarithmic growth curve of Bitcoin. You will notice that the first Bitcoin peaks ended in a red zone. The previous bull market top in 2021 didn't rally into the red zone, it only reached up to the Orange zone. We are seeing the idea of diminishing returns per cycle.