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Halving2024

When Will Bitcoin find a Bottom? Check this Long-Term ChartBitcoin's (BTC) slide seems to have no end in sight, with investor sentiment showing extreme fear. Yet, there's a light at the end of the tunnel, and to understand where Bitcoin goes from here, we need to step back and look at the bigger picture. Bitcoin Log Long-Term Chart As per our in-depth analysis, Bitcoin's long-term logarithmic regression channel is still in play. In the worst-case bearish scenario, the BTC price can retest the lower ban of the channel, which can be found near the $10,000 psychological number. In the short term, the $20,000 support will play a significant role because it's near the 50 simple moving average, which tracks the 4-year halving cycle. Additionally, $20,000 also represents the all-time high from the previous bull cycle in 2017. 4-Year Halving Cycle The current sell-off follows the 4-year halving cycle. After the first and second halving events, Bitcoin made a new all-time high, followed by a 13-month bearish market in both cases. A crypto bear market usually has an average length of 9.6 months. Time-wise, if the current sell-off from the November 2021 all-time high continues to follow the 4-year halving cycle, we can expect Bitcoin to find an ultimate bottom by around December 2022. Additionally, the RSI oscillator has fallen below the previous 2 valleys reaching the lowest monthly reading of 41.96, which signals that we're still in a bearish market. Looking forward: In the short term, we can expect the sell-off to slow down around the $20,000 support, but the analysis suggests a bottom to only emerge by the end of the year.
INDEX:BTCUSD
by cryptohopper
1
Bitcoin - Bear market cheat sheetKeep it plain, simple and minimize the noise! On this chart I am showing you the timeframes of events that occurred in the previous bear market. Now, this chart will of course only make sense if we follow the same trend of the previous bear market of course, although I think its great to keep an eye on just in case we do! Important to ignore your favourite bullish influencers in these times, as in reality we still have a lot longer of a bear season to embrace. Bottoms take time to form, there is nothing bullish about Bitcoin and Crypto at the moment, due to the lack of volume and reaction, there is almost a 0% chance of a "V shaped recovery" like some clowns are mentioning. Keep an eye on the monthly MACD, as I have said previously we will not have any real bullish action if it is in red, if you refuse to believe - look back at the previous times it has crossed red.. If we get a fake pump into the 40-50k zone around the area marked on the chart, best to not FOMO into it if you missed it from the bottom - high chances it will be a bull trap, going off previous data. There are lots of external global economic factors to consider as well, as they will invalidate every single chart and idea, Crypto has never experienced a recession and my best bet is that it will not go well, due to being one of the most riskiest assets. So keep an eye on the global economy, global events and you will be on top of the market. Note: I have labelled current price as bottom and crab stage, although I do expect it to go lower: The reason I have done this is due to the massive volatility/price drops, with also the possibility based on another research piece I will post soon, that the crypto cycles are fluctuating in time (shorter bull, shorter bear). Stay safe everyone! Curious to see what everyone else's thoughts are, comment your ideas down below :)
INDEX:BTCUSD
by tradermoth
BTC on Track for its 8th Consecutive Weekly Loss Are We OversoldBitcoin (BTC) is on track to record losses for the eighth week in a row, the longest streak of losses in history. Before this streak, the previous biggest consecutive weekly losses were recorded in December 2014, when Bitcoin was worth just a few hundred USD and was down for five weeks in a row. Is Bitcoin Oversold? Despite the severe sell-off, Bitcoin is still not oversold, according to the most popular momentum oscillators. Bitcoin’s current weekly RSI reading of 33.67 shows that we aren’t oversold just yet. The RSI oscillator would need to fall below 30, or even 20, to be considered oversold. Meanwhile, the stochastic oscillator has entered oversold readings, but unlike the RSI, it has the tendency to stay in oversold readings longer, as it is more volatile and quick to react. By comparison, in 2014, after the record weekly losses streak, Bitcoin consolidated for 31 weeks before it resumed an upward trajectory. Looking forward: The Bitcoin sell-off can slow down in the near future, and we might see a temporary bottom around the $30,000 considerable round number. However, in the long-term, the correction can extend all the way to $20,000, which is a massive support level since it is the all-time high reached in the 2017 bull run. A fall to $20,000 would also allow the RSI oscillator to reach oversold readings.
BINANCE:BTCUSD
by cryptohopper
Bitcoin bull marklet idea Plz zoom out as much as you can As you know halving takes place every 120,000 blocks are mined, 4th halving will take place as soon as the 840,000th block is mined I came to 3 different possible dates of the 4th halving, the mean of them is ARP.19.24 & 1430 days of cycle; roughly As if today 2/23/2022 725,000 blocks are mined, 45% mark from 630,000 to 840,000 and 55% to go. I have highlighted every hash ribbon buy signal and squared up when rsi is above 50.00 line during bull run to ATH. As you can see hash ribbon buy signal is a great bottom catcher, we essentially never see the price again after the signal flashed The last signal appeared during the china mining ban. I say 30k+ will be a very strong support if we ever see that price again. As of the previous cycles, we saw increase in days of the bullrun after halving and increase in halving cycle days. Therefore, I would assume we do the same in this cycle. We saw crazy adoption and main stream publicity the previous years. If 65k is the peak of the cycle, I think its alittle short interms of days in the halving cycle. I think it just the overall market and political policies that are slowing down the market. Expecting straight shot to the moon like previous cycles seems too good to be true. I will post another analysis in the same way, but in terms of percentage increase with the halving cycle
INDEX:BTCUSD
by bryanchen777
Understanding 2022's Relation to the 2024 Bitcoin HalvingUnderstanding 2022's Relation to the 2024 Bitcoin Halving January 15, 2022 Current Bitcoin Price: $43k CRYPTOCAP:TOTAL $2.074T Bitcoin's Halving Cycle As I've mentioned since 2017, BTC halving events are fascinating - many know the past events have started with a trend low roughly 2.5Y prior, and finish approx. 1.5y at a new ATH. That trend seems to be holding true in 2022, in its relation to the 2020 halving event as we start to prepare for the event in 2024 that now lies ahead. While this post does not dive into the skepticism surrounding the BTC Halving events as valid events for analysis, note that I will comment on the fact these trends are yet to be proven as obsolete. Mining represents the demand for bitcoin globally, and the increase of scarcity drives the demand for more supply upwards and hence price action results in a slingshot upwards. Also, know that until we experience an event that is different, the following is true: Bitcoin price at the next halving event is always around 60% of the then ATH, and on its way up towards that ATH before slingshotting above for the year and a half after. About the BTC Halving In summary (for those who don't know) - Bitcoin halving events are when the rewards for mining Bitcoin transactions are cut in half. In theory this is a counter-measure taken to inflation, keeping price representative of 1BTC now = 1BTC later (as opposed to $1 USD now = $0.94 later etc.) The network cuts these rewards in half every 4 years and each 1.5 year period thereafter has seemingly provided a pricing 'boom' of sorts in which the bubble re-inflates as the price skyrockets in our fiat values. The first event was in 2012, then 2016 and 2020. There are consistencies and trends in price action that have emerged through these events. Any price estimations for these halving events are purely skeptical, but worth noting the similarities in them, as orders around these levels seem to fill each time and be in the approximate 'bottom' for the ensuing bull run. Expectations for Price Action 2022 Entry Levels If setting a buy in 2010 at $0.30 would have been considered a low bid, and the same for $300 in 2014 and another for $3000 in 2018, then strategically speaking, setting a buy at the $30k level for 2022 to fill for the halving event in 2024 would be both strategic and realistic. 2024 Halving Expectations As with every other halving on record, I'd expect the price of BTC in March 2024 to be at the current all time high of $69k. This is consistent with what we've seen in each of the previous three in which we see price reclaiming the-then ATH before continuing upwards in price discovery to its future ATH. 2025 Exit Levels If we hypothetically enter a bitcoin long in 2022 between $30k-$35k, and the same trend continues to be at $50k/$55k by March 2024, then expect by end of 2025 to be taking profits if you hold the same trade open (i'm sure nobody will, i'm speaking to a hypothetical scenario of course). Cheers 🍻
INDEX:BTCUSDLong
by kingthies
3
Bitcoin Market Cycle Forecast for the Next Two Halving EventsThis 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.
BNC:BLXLong
by erict99
2
What will happen when a cylcle contains 2 halvings?This is a humble idea for this current bitcoin cycle. I took 3 previous cycles and projected their avarage differences taking S2F targets as a reference. I noticed the (small) possibility of two main peaks: one during the end of 2021 and one for the end of 2024. I can't imagine a final peak during the end of 2021 because this will result in a similar cycle lenght as the previous one. It would be too much too quick. I was inpired by the second bitcoin cycle, having a first peak in April 2013. The length for this projected long cycle, untill the 24th of october 2024, is the result of the differences between previous cycles. If this current cycle projection works out, this cycle exceeds the next halving. For sure, one day it will. What are the consequences there? More stability, maturity and much less volatility? Or will there be a second sequence of rallies in the same cycle? ... Or will halving mechanics force to limit the cycle lengths?
BNC:BLXLong
by Asderian
BTC/USD - The third ever halving took place on May 11 #630000.The third ever halving took place on May 11 in the Bitcoin network on block #630000. The specified block, the award for which amounted to 6.25 BTC, at 19:23 GMT got the AntPool pool. Halving is a halving of the miners' reward for adding a new block to the block. Satoshi Nakamoto programmed halving in the bitcoin network every 210 thousand blocks, i.e. once in 4 years - up to the moment when with the extraction of 21 million coins (presumably in 2140) the issue of crypto currency will be finished. The first halving took place on November 28, 2012, the growth started a month later and amounted to over 9000%. Second - July 9, 2016, the growth started a month later and amounted to over 3000% Third May 11, 2020 How long will the growth begin? In a month, I think. Bitcoin props were in October 2012, October 2013, January 2015, April 2016, August 2016. They were usually followed by flutter and growth. (marked purple) Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
BITSTAMP:BTCUSD
by Valeriia_Top
14