Is the Bitcoin Bullish Run over?
If you are staring at a 15-minute linear chart, please zoom out and use the monthly logarithmic chart to see the bigger picture.
Historically, each bitcoin #halving every 4 years (2012, 2016, 2020) triggers a super bullish run for up to 1.5 years followed by bearish years till the next #cycle, e.g.:
2012 Nov halving, new ATH reached at 2013 Nov;
2016 July halving, new ATH reached at 2017 Dec;
2020 May halving, new ATH reached at 2021 April.
Interestingly, right after the new ATH, the lower lows usually comes around 1/6 of the recent ATH, representing a 23% retracement (Fibonacci ratio) on log scale chart.
This is only a chart prediction and shall never be regarded as financial advice. I will come back in 1~2 years to see how my “oracle” stands. During this time, my friends, please play safe and be well.
