40 Days Until Bitcoin Lifts Off…According to This Historical Chart

TL;DR

• Seems, over the previous two Bitcoin halving occasions there was a run up in value that begins three months earlier than the halving really occurs.

• And if historical past have been to repeat itself this coming halving (which is because of happen in late April 2024), then this pre Bitcoin halving run ought to begin in, ah…In about 40 days (on November twenty first 2023, to be precise).

• Simply because one thing has occurred up to now and also you discover a cool trying chart that reveals a sample, doesn’t suggest it should occur once more.

• BUT! Whereas historical past does not at all times repeat itself…however it usually rhymes.

Full Story

Certain, you have heard of the Bitcoin halving run…

The quantity of BTC being launched on to the market every day will get minimize in half, reducing the provision, whereas demand stays regular.

Lowered provide + regular demand = value run up (aka the bull run).

…however have you ever heard of the pre Bitcoin halving run?

We hadn’t till yesterday.

Seems, over the previous two Bitcoin halving occasions there was a run up in value that begins three months earlier than the halving really occurs.

And if historical past have been to repeat itself this coming halving (which is because of happen in late April 2024), then this pre Bitcoin halving run ought to begin in, ah…

In about 40 days (on November twenty first 2023, to be precise).

Now. Time for a wholesome dose of actuality:

Simply because one thing has occurred up to now and also you discover a cool trying chart that reveals a sample, doesn’t suggest it should occur once more.

The (monetary) world is a really totally different place at present, than it was in 2016 and 2019.

Oh, what? You need us to lean in to the hopium, given we’re within the depths of a bitter crypto winter and also you want your spirits lifted?

Say no extra, king.

Here is an deliberately obscure sentence that alludes to good issues coming over the horizon, with out constituting monetary recommendation:

Historical past does not at all times repeat itself…however it usually rhymes.