Bitcoin Halvening EST 23rd May 2020 Bullish case for BTC
Looking at the previous 3 halvening on Bitcoin
Price increase based on price of btc at halvening date & top price in between the halvenings
2012 -10$ + 9000% to $1177 by DEC 2013
2016 $684 + 2500% to $19764 by Dec 2017
2020 ? + 800% by Dec 2021
history shows
The % increase in price after each halvening decreases by almost a factor of 3
The key is what price will the price be at the next halvening then multiply that by 800% to get the top of the next Bull market in between the 2020 & 2024 halvening
looking at previous bear market the drop from the top has been 67%
If a similar scenario happens that implies a price of $6500 by 2020
multiplied by 800% (the increase after the halvening has taken place.
Next Bull market top could be " $52000 "
BITCOIN to HIT vicinity of $50000 By DEC 2021
Just an idea. Dont @ me
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