StockTradingTips

BTC / Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
Part 1.
Bitcoin Halving period cuts Bitcoin Mining Reward in halv, in april 2024 it will go from 6.25 to 3.125.
Each time right after the halving period it has increased with an insane % (Numbers go up) However, for each halving Bitcoin % have gone down with an average of 70-74%

Part 2.
We have had two halving bottom to bottom and after a decline of 74% the higher bottom before halving is around 350%.

If we make the same thesis for this time. From halving bottom to halving bottom April 2024 an average increase of 350%, the Bitcoin price will be around 40 -44.000.

If we take into consideration the 74% decrease difference after halving to peak, it ends up with 183% return. The price of Bitcoin for next bull run could end up around. 120 -150.000

Part 3.
Given that we dont know where the price of Bitcoin will before halving, I have inserted the 350%, This can be higher or lower, we need to have patience.

The Returns have decreased from previous ones, therefore I expect it to be the case this time again.
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