BITCOIN BULLRUN AFTER 4TH HALVING

The following chart is a weekly Bitcoin chart. It can be seen that after the halving occurs there will be a very sharp increase in prices.

This cycle repeats itself with a global scope, from each halving.

If we look deeper into each halving, let's look at before the halving and also after the halving.

The increase occurred on average 500 days before the halving and also 500 days after the halving.

After 500 days after the halving, there is usually a large correction and a prolonged bearish trend occurs until 500 days before the halving, which finally occurs gradually.

At the time this analysis was written, Bitcoin was at 95K after peaking at 106K.

like the previous bull run after the halving, bitcoin will reach its peak and experience a deep correction and reach the next highest peak for the second time.

This may have the same pattern in the 2024 bullrun this time. After the peak, Bitcoin will experience a correction, perhaps in the range of 75K to 65K (I took this benchmark from the Ichimocu Cloud support) and will rise again to reach its second all time high in mid to late 2025 in the range of 150K to 170K to coincide with 500 days after the halving.

Until then Bitcoin will experience a bearish trend until it reaches 500 days before the 5th halving.

This pattern will probably continue to repeat itself considering the increasing adoption from both retail and corporations to countries and also the limited supply of Bitcoin which is one of the factors in increasing demand.