Will Bitcoin Pump & Create Another Bubble?
Here are the charts of 1) the 90 days before the Bitcoin Halving date, until 2) the end of peak mania post-Halving date, (before it crashed) for all (three) previous cycles:
*The red line indicates the date of the Halving (when the reward for mining new Bitcoin is halved.) The green line indicates the date when the mania period started.
If history repeats itself then the start of the mania will start approx October 30, 2024 and end approx April 22 2024
The patterns are remarkably the same for both sets of charts.
For each Halving, the time between 1) the Halving and 2) the start of the mania gets shorter-and-shorter and the time between 1) the start of the mania and the end of the mania gets longer-and-longer each cycle.
However, 1) the 90 days before Bitcoin Halving date, until the mania begins in the above charts, look like flat lines.
But they are not.
They look flat due to the Y-Axis scale.
If you zoom in, here are the charts of 1) 90 days before the Bitcoin Halving date, until the mania starts:
*I’ve left off the start of peak mania post-Halving for all three previous cycles for the above reason.
The patterns are remarkably the same for both sets of charts, and, for each Halving, the 1) rally and peak and 2) the subsequent sideway downward movement get’s later-and-later each cycle.
Obviously, none of this is financial advice.
