Bitcoin Market Cycle Forecast for the Next Two Halving Events
Updated
This is what I foresee in BTC/USD in terms of long-term market cycle trends between now, the next halving (currently projected to be on May 27, 2020), and the halving after that (currently projected to be between March 2024 and June 2024).
The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates.
Bitcoin market cycles have corresponded to each halving. Since the advent of Bitcoin , all Bitcoin halving dates have been followed by bull markets, which are then followed by a bear market and accumulation periods. Given the current long-term trend of Bitcoin's lifetime market patterns, each bull market should be less extensive than the previous bull market. That being said, patterns can always be broken, and this cycle is no exception, regardless of its longevity.
I do not hold any Bitcoin at the time of writing (June 5th, 2019).
Do your own research.
The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates.
Bitcoin market cycles have corresponded to each halving. Since the advent of Bitcoin , all Bitcoin halving dates have been followed by bull markets, which are then followed by a bear market and accumulation periods. Given the current long-term trend of Bitcoin's lifetime market patterns, each bull market should be less extensive than the previous bull market. That being said, patterns can always be broken, and this cycle is no exception, regardless of its longevity.
I do not hold any Bitcoin at the time of writing (June 5th, 2019).
Do your own research.
Note
641 days later - Price seems to be following the pattern with slight deviations. Looks like Bitcoin is a bit ahead of schedule at the moment.
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