History Never Repeats, But it Often Rhymes When analyzing the potential impact of the 2024 Bitcoin halving, it is wise to have an in-depth understanding of the price action of previous halving in 2020. This can help us to identify potential patterns and similarities that could play out in the current cycle. Pre-Halving Price Action In the lead-up to the 2022...
Comparing the past 3 halvings allows us project potential new highs.
Back in 2016 bitcoin had its halving day on the 9th July. After this bitcoin began to rally all the way to $19,000 over approximately 518 days. A percentage increase of 3,192%. If we compare this to the halving in 2020, apply the same principles and look at the bigger picture than its clear that bitcoin has only just began its newest bull cycle. If we were to see...
Looking at the last 2016 halving/bull market cycle several times BTC separated from the 120 day SMA by ~40% +/- 10% and then came back to test with the exception of the last event which tested the 50 day and then went on to separate 60% percent in the blow off top.
No One is Talking About this...Re- Post I was Correct, just missed it by one week! BTC has always retraced to the Weekly 21EMA to test support... in both previous post-halvings. The Weekly 21 EMA was tested between the 12th and 16th week...BTC is in week 17 Post-Halving 2020. Weekly 21EMA is currently 9940...today's candle wick low was 9987 week-to-date......
History tends to repeat itself, and the bitcoin halving appears to be no exception to this particular rule. In 2016, during the second BTC halving, the BTC price experienced strong growth before the halving. A bear market followed, consisting of a 40% drop in price from the pre-halving high to the post-halving bottom. Afterward, a lengthy ranging period ensued....
Cryptohopper Newsletter Market Analysis After failing to break the resistance around $10,000, Bitcoin is closing in on the support level at $8,000. Bitcoin has had a correction after the last halving, so a short bear market scenario is not out of the question. The first and second halving overall provided some excellent opportunities for position traders....
Hi friends hope you are well. Today I want to discuss that is it necessary for the Bitcoin to drop pre or post halving? In order to understand this principle we need to see the previous Bitcoin halvenings then we will move to the current having. If we watch the Bitcoin halving 2012 then we can observe that before halvening the price action dropped more than 25%...
Hi friends hope you are well today we will see how the Bitcoin turns parabolic after every halving event. For this purpose I would like to take you back to the first halvening event of 2012. And on weekly long-term chart we can observe that after the halving event the price action went strong bullish and moved in parabolic way for next one year. This powerful...
Halvening event of 2012: Hi friends hope you're well and welcome to the new update on Bitcoin. Today we will try to understand why the Bitcoin is dropping fast just before the halvening event. In order to understand this situation we need to move back to 2012 to watch the history of the Bitcoin halving. Then we can observe that when we had the Bitcoin halvening...