Get ready for an amazing Summer

Get ready for an amazing Summer

By toofasteddie | The cryptorunner | 4 Mar 2021


 

Surely you are asking yourself this over and over again. Does BTC reached already its TOP?

It is not easy for anyone to hold your beloved crypto when in front of your eyes you see such a clear multiplication of your investment.

If you are new to crypto or have not lived through the previous bitcoin cycles, you might think that we are all crazy believing that BITCOIN can reach an even greater peak.

I invite you to look at this graph from [@chartsbtc](https://twitter.com/ChartsBtc) where 3 important milestones in the trajectory of bitcoin are clearly shown.

EvWARZYVgAYSOph.png

They are the so-called halvings where the proportion of Bitcoin generated in the act of mining is divided by two.

Historically, after this event in which the amount of BTC put in circulation is cut and after BITCOIN reaches the previous ATH, it continues to rise for at least 290 days.

Since we broke the previous ATH (around 19K USD) barely 90 days ago, in principle the expectation would be that BITCOIN will continue to rise for at least 200 more days, which gives us a horizon for the next ATH of this cycle at the end of September present year.

Crazy or not, if it has been repeated twice before, why not this time?

Undoubtedly the summer season is going to be amazing for blockchain lovers.


@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

 

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toofasteddie
toofasteddie

Dad, Engineer, Runner and Crypto-trader


The cryptorunner
The cryptorunner

Opinion and Trading Ideas about crypto

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