{"id":448407,"date":"2020-10-31T01:00:08","date_gmt":"2020-10-31T01:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=448407"},"modified":"2024-06-11T14:07:46","modified_gmt":"2024-06-11T14:07:46","slug":"timing-tops-bottoms-in-bitcoin-data-suggests-new-peak-is-less-than-a-year-away","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/timing-tops-bottoms-in-bitcoin-data-suggests-new-peak-is-less-than-a-year-away\/","title":{"rendered":"Timing Tops & Bottoms In Bitcoin: Data Suggests New Peak Is Less Than A Year Away"},"content":{"rendered":"
Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics<\/a>. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more.<\/p>\n But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a strange correlation with the asset’s block reward halving and the timing of tops and bottoms, the solution could be nothing more than simple addition and subtraction.<\/p>\n All signs point to Bitcoin breaking into a new bull market<\/a> after bottoming now nearly two full years ago. A higher low set this year on Black Thursday during one of the worst selloffs the young asset has ever seen was one half of the equation in confirming a new uptrend.<\/p>\n The other half of the puzzle is a higher high, which Bitcoin this week came just dollars away from setting.<\/p>\n Related Reading | Bitcoin RSI Moves Into Bull Market Territory, Here\u2019s What Happens Next<\/a><\/strong><\/em><\/p>\n The cryptocurrency is now trading a few hundred dollars away and declining, however, another higher high this year post-election, or at the start of 2021 is still very likely<\/a>.<\/p>\n Bitcoin for the first time this week since 2019 entered bull market territory on the weekly RSI<\/a> – yet another signal that its clear skies again for the crypto asset once it cracks $14,000.<\/p>\n <\/p>\n Bitcoin’s bottom<\/a> is now two years behind us, and even the halving is now in the past. All the necessary ingredients are here for the perfect storm bull market for cryptocurrencies.<\/p>\n But the time distance between those two important events could provide a solution to predicting when the next peak in Bitcoin arrives.<\/p>\n Timing tops and bottoms isn’t easy and should be avoided at all costs. But once the bottom is in, there is a chance of perfectly timing the top, according to one crypto analyst’s striking discovery<\/a>.<\/p>\nAdding Up All The Reasons The Bitcoin Bull Run Is Here<\/h2>\n
Could crypto tops and bottoms be related to the halving also? | Source: BLX on TradingView.com<\/a><\/pre>\n
Can Math Plus The Halving Subtract The Stress Out Of Timing Crypto Market Tops and Bottoms?<\/h2>\n