BitcoinLong
BTC - Election period - Break-out time!
Hey, folks.
BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above...
Leading up to the last election, BTC went through the follow pattern:
left - large dip (blue), then returned to resistance line (yellow)
left - small dip (purple), then returned to resistance line (yellow)
left - break-out near election time.
So too again this election period:
right - large dip (blue), then returned to resistance line (yellow)
right - small dip (purple), then returned to resistance line (yellow)
right - break-out near election time.
The large dips weren't exactly on the 4-year cycle, but close.
However, by the time the election rolled around, the two cycles merge to a similar timeline.
The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line.
It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line.
Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%.
If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now.
Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k.
We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike.
Every 4 years without fail so far. And that golden 4th year is 2025!
BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above...
Leading up to the last election, BTC went through the follow pattern:
left - large dip (blue), then returned to resistance line (yellow)
left - small dip (purple), then returned to resistance line (yellow)
left - break-out near election time.
So too again this election period:
right - large dip (blue), then returned to resistance line (yellow)
right - small dip (purple), then returned to resistance line (yellow)
right - break-out near election time.
The large dips weren't exactly on the 4-year cycle, but close.
However, by the time the election rolled around, the two cycles merge to a similar timeline.
The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line.
It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line.
Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%.
If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now.
Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k.
We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike.
Every 4 years without fail so far. And that golden 4th year is 2025!
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