Pundit Uses Bitcoin Halving Cycle To Show Exactly When To Start Buying BTC Again
A crypto analyst, Blockchainedbb, uses Bitcoin's historical halving cycle to predict the next optimal accumulation period for BTC. The analysis identifies a recurring pattern where a significant price bottom forms approximately 135 weeks before each halving event. Based on this pattern, the next major bottom is projected to occur in Q4 2024, with an estimated price range between $50,000 and $58,000. This would present a favorable long-term buying opportunity before the next sustained uptrend.
The analyst suggests that Q1 and Q4 are the best quarters for long-term investors, with Q1 being a time to exit positions (potentially around $75,000) and Q4 for accumulation. Conversely, Q2 and Q3 are characterized as more volatile periods, better suited for short-term traders due to potential breakdowns and directional moves. The next Bitcoin halving is projected for April 2028.
bitcoinist03/01 05:02
