BTC pre and post halving behavior
I thought it would be about tile to update my previously published Idea, where I synced up the price-action to the halving events.
Keep in mind that this in no way predicts a bottom in the 11k area or anywhere else for that matter, I just wanted to see this mostly for timing purposes only.
In 2019 BTC bottomed 525 days before the halving, that would make it mid of October 2022 this cycle and the 2013 bottom would make it end of November 2022.
Sentiment wise it still looks like people haven't given up on BTC and crypto, but maybe they never ever will... Many, who were adamant about crypto being a ponzi joined in late on the 10+ years long trend in 2021 and on the 2018 high retest. They might be just as adamant about leaving, so we could be stuck here for years, sadly, and this would mean my comparison is worth nothing, and even less if we consider that the effect of halving is diminishing each time.
Keep in mind that this in no way predicts a bottom in the 11k area or anywhere else for that matter, I just wanted to see this mostly for timing purposes only.
In 2019 BTC bottomed 525 days before the halving, that would make it mid of October 2022 this cycle and the 2013 bottom would make it end of November 2022.
Sentiment wise it still looks like people haven't given up on BTC and crypto, but maybe they never ever will... Many, who were adamant about crypto being a ponzi joined in late on the 10+ years long trend in 2021 and on the 2018 high retest. They might be just as adamant about leaving, so we could be stuck here for years, sadly, and this would mean my comparison is worth nothing, and even less if we consider that the effect of halving is diminishing each time.
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