BitcoinLong
Rule of 160: History Predicts Start Of Bull-Run This Week!
In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving.
The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving.
We can very clearly see a few interesting similarities between the last three cycles:
- The price pumps prior to the halving.
- The price trades sideways for 160 days after the halving.
- The "real" bull-run starts after the sideways price action has ended.
If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week!
I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends.
There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase.
Time will tell. Interested to hear your opinions!
The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving.
We can very clearly see a few interesting similarities between the last three cycles:
- The price pumps prior to the halving.
- The price trades sideways for 160 days after the halving.
- The "real" bull-run starts after the sideways price action has ended.
If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week!
I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends.
There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase.
Time will tell. Interested to hear your opinions!
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