The Bitcoin halving is happening this month.
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This is an update to mine Bitcoin (BTC) roadmap that you may have been following since last year. It was incredibly accurate. Here's one from a series from December.
This is the route map of the next move:
The Bitcoin Diagram: Route Map to the Next Step
Photo credit: ADVFN
This is the basic projection. Of course, it won't be exactly that, and all sorts of unforeseeable events can knock Bitcoin off this course, accelerate it or improve it. However, this is the base case.
Classically, we can view the various steps as revaluation events, followed by equilibrium, followed by revaluation. Therefore, the old-fashioned method of monitoring developments is to limit equilibrium periods and wait to see whether they rise or fall.
Here is an example of the current Bitcoin chart using this technique:
The Bitcoin chart with boundaries around equilibrium periods
Photo credit: ADVFN
So if we go back to the basics of the overall idea of this Bitcoin boom, we come across the core ideas of wider adoption and the halving leading to an upward revaluation. Exchange Traded Funds are here and have had a positive impact, but the halving is still to come. So a bull will see this, which means there is at least one more leg up and that suggests a move like the one in the first chart.
This will not be enough for the bulls, who will quickly see $150,000, $250,000, etc. as the obvious target for this cycle.
However, this is to the point where I can extend the logic of my roadmap:
The Bitcoin chart route map as far as logic goes
Photo credit: ADVFN
Ethereum is likely to continue to run in percentage terms. It still needs to get its ETF approved, and it has always performed, perhaps even better than Bitcoin, in this part of the cycle. So that's my main concern when staking out this run.
We are probably in the middle of this cyclical boom so enjoy the ride but remember to get out because the peak will be reached quickly and in the end we will probably experience the crypto winter period again and enter another 4 year period. cycle occur.
Disclosure: I own Bitcoin.
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