{"id":410549,"date":"2020-01-12T00:30:00","date_gmt":"2020-01-12T00:30:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=410549"},"modified":"2024-06-11T13:40:19","modified_gmt":"2024-06-11T13:40:19","slug":"simple-observation-suggests-bitcoin-about-parabolic","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/simple-observation-suggests-bitcoin-about-parabolic\/","title":{"rendered":"This Simple Observation Suggests Bitcoin is About to Go Parabolic"},"content":{"rendered":"
Ever since Bitcoin (BTC) started declining last July, falling as low as $6,400 by the middle of December, analysts have been wondering when bulls are going to step in and push cryptocurrencies higher once again.<\/p>\n
According to a simple observation of Bitcoin’s historical market cycles, the next parabolic rally could start soon. Very soon.<\/p>\n
Cryptocurrency analyst Nunya Bizniz recently made an eerily bullish observation<\/a> about Bitcoin.<\/p>\n He noted that in the two previous market cycles of the BTC market, the cryptocurrency performed extremely well starting 120 days (four months) out from the cycles’ respective block reward reductions, known as “halvings” or “halvenings.”<\/p>\n In the four months prior to the first halving in 2012, the price of BTC rallied dozens of percent higher from $10 to around $14 by the time of the event; and in the four months prior to the second halving in 2016, the price of Bitcoin went effectively parabolic, running from $432 to $700.<\/p>\n Bitcoin is about 120 days away from the halving.<\/p>\n What was price action like 120 days prior to the first two halvings?<\/p>\n Whether you believe its priced in or not, if past is prologue – volatility may be expected. pic.twitter.com\/7peG6Ir0m4<\/a><\/p>\n — Nunya Bizniz (@Pladizow) January 10, 2020<\/a><\/p><\/blockquote>\n\n