Went back and charted the btc halvings to each start of bitcoins bull and bear markets.
Blue vertical line is the bitcoin halving. Red vertical line is the start of a bear market. Green vertical line is the start of a bull market.
Couple things to note is that each bull market tends to be about 730 - 1050 days
Each bear market tends to last between 360-420 days.
The average drop in each bear market from All time high is 83%
If we take past bear market drops and draw a model of where bitcoin is going to go in the future it would look like the white path arrow posted in the chart.
I see $12k~ being the bottom with the possibility for a wick down to 10k.
I estimated that the next bull market will start around Mid April 2022 using past bull market trends.
What do you think?
Blue vertical line is the bitcoin halving. Red vertical line is the start of a bear market. Green vertical line is the start of a bull market.
Couple things to note is that each bull market tends to be about 730 - 1050 days
Each bear market tends to last between 360-420 days.
The average drop in each bear market from All time high is 83%
If we take past bear market drops and draw a model of where bitcoin is going to go in the future it would look like the white path arrow posted in the chart.
I see $12k~ being the bottom with the possibility for a wick down to 10k.
I estimated that the next bull market will start around Mid April 2022 using past bull market trends.
What do you think?