What we know for certain is that Bitcoin halves every 4 years and we are able to determine when this occurs.
The last halving was on 11 May 2020 the next having is estimated to happen in April 2024
What we have learned from previous halving, is that proper Bitcoin bull run doesn't start until 5 months past the halving!
So if the same is to happen next time around, the parabolic bull run won’t happen until about September 2024.
From this we can speculate that Bitcoin won’t break $40k until the end of 2024 beginning of 2025.
By looking at monthly chart, I see a few scenarios!
1. Bitcoin will trade between $20k - $30k until around November 2024
2. Bitcoin breaks above $28k and trades between $25k - $40k until November 2024
3. The third scenario which is most likely to happen is “???”
No one really knows, anything can happen, but if the resistance line on the monthly is correct, top for the next bull cycle will be around $1,000,000 - $1,200,000
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