Purely for observational purposes.
I've put together a basic long term projection.
Shown is pink is an exact copy-paste snapshot of the previous cycle following the previous halving event (in 2016).
The blue line is the 100MA projected into the future (estimate), the green line is the 200MA.
In the previous cycle there were many many substantial "crashes". Happening within the span a day, a few days, or up to a week. Some of these were as deep as -40% or worse!!
Yet, Bitcoin still managed +4000% overall during that cycle.
Note:
We can drop down to as low as $12,000 and STILL remain in a strong up-trend!
I've put together a basic long term projection.
Shown is pink is an exact copy-paste snapshot of the previous cycle following the previous halving event (in 2016).
The blue line is the 100MA projected into the future (estimate), the green line is the 200MA.
In the previous cycle there were many many substantial "crashes". Happening within the span a day, a few days, or up to a week. Some of these were as deep as -40% or worse!!
Yet, Bitcoin still managed +4000% overall during that cycle.
Note:
We can drop down to as low as $12,000 and STILL remain in a strong up-trend!