Bitcoin is right where it should be at this point in its post halving bull market
On this date in post halving history...
Bitcoin is pretty much right where it should be at this stage of its bull market cycle.
It's almost exactly between the previous two bull markets at this stage in their bull market.
Check it out:
(Source: https://twitter.com/ecoinometrics/status/1391771292420825089/photo/1)
It's below the average line but well above the pace of the 2017 bull market.
Ironically, if it just follows the 2017 bull market it will go well over $200k at the peak.
Right now it is well ahead of that pace, but well below the 2013 pace.
The 2013 pace would have it peaking around $700k, just for some perspective.
I am guessing we are going to see it hit $200k at some point by this time next year, possibly as early as end of this year.
What do you see?
Thank You for sharing Your BTC insights...
Please am a fun of crypto can you enlighten me more
Hi @jondoe thanks for sharing your analysis – well it would be interesting to see if it really gets “predictable” in a broader view despite its inherent volatility..
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Thank you!
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