Get ready for an amazing Summer
Surely you are asking yourself this over and over again. Does BTC reached already its TOP?
It is not easy for anyone to hold your beloved crypto when in front of your eyes you see such a clear multiplication of your investment.
If you are new to crypto or have not lived through the previous bitcoin cycles, you might think that we are all crazy believing that BITCOIN can reach an even greater peak.
I invite you to look at this graph from chartsbtc where 3 important milestones in the trajectory of bitcoin are clearly shown.
They are the so-called halvings where the proportion of Bitcoin generated in the act of mining is divided by two.
Historically, after this event in which the amount of BTC put in circulation is cut and after BITCOIN reaches the previous ATH, it continues to rise for at least 290 days.
Since we broke the previous ATH (around 19K USD) barely 90 days ago, in principle the expectation would be that BITCOIN will continue to rise for at least 200 more days, which gives us a horizon for the next ATH of this cycle at the end of September present year.
Crazy or not, if it has been repeated twice before, why not this time?
Undoubtedly the summer season is going to be amazing for blockchain lovers.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
I was there in 2011 with my 25 Bitcoin and everyone calling me crazy when I said that this was a peek at the future. I'd gotten my first 5 Bitcoin at a fre faucet and tried to tell others around me to give it a try. "It's FREE!" I said, to no avail. It's 2021 and I'm feeling "crazy" again! :)
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Love this post. I started one month ago and I feel like bitcoin is going nowhere, but this is exciting! Thank you!
According to @rektcapital on twitter, to whom I dedicated a post a few days ago, the peak should occur around October 4. We'll see if that forecast is precise or not. My strategy though is to DCA as of end of the summer.
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Dear @toofasteddie
With the new momentum going, I see BITCOIN hitting even above $100k if this run actually continue
Yours, Piotr