December 16th, 2024: BTC Chart Update
Posted by pugsma on December 16, 2024
With BTC it’s important to always keep in mind that the price moves within the 4 year halving cycle. Take a look at my last BTC weekly chart from 4-3-23. In this BTC weekly chart from nearly 2 years ago, I predicted the latest BTC run to a new all-time high above $68,412.
The BTC peak of the 4th halving cycle should occur 1 to 1.5 years after the 4th halving (April 2024). Thus, the next BTC peak is due from April 2025 to November 2025. The peaks in BTC with each halving cycle have been decreasing in the amount of percentage. gain from the low. The 3rd halving cycle peaked with a 2004% gain. Thus, a conservative estimate for the 4th halving cycle gain is +1000% or $15,460*10 = $154,600.
Below I have sync’ed the wave counts on the current BTC 4-hr and daily charts for 12-16-24 with the 4th halving cycle weekly chart from 4-4-23.
BTC 4-hr chart 12-16-24:
BTC daily chart 12-16-24:
BTC weekly chart from 4-4-23:
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