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CryptoGlyn
Mar 5, 2022

(Open post for analysis & discussion👍) We all want the price of Bitcoin to rise but we also understand that pullbacks occur, it can be healthy as not to overheat, it can consolidate, and then finally sustainably breakout north once again. However, people like "Moonboy analysis", this is not one of them for this year, so look away now if you don't want to think about it.🥶

CryptoGlyn. Compiled 5/3/22CryptoGlyn. Compiled 5/3/22

Now firstly, taking data points from the beginning and the end of years are one way to look at it. Most analysis is given in cyclical nature from the top to the bottom spot price. However, offered is a simpler view handy by discussing calendar years.

Bitcoin right now too is somewhere around the middle of the halving events too. Halving events do also point to cyclical nature and Plan B is one of those analysts who models around this. Previous halving's, 9th July 2016, 11th May 2020, and predicted @April 2024. You see the pattern I hope that these halving's occurred @every 23 months, and more importantly, at roughly a mid-point between "Bitcoin bad years".  

Now agreed it's a simplistic model but it also shows a potential worrying pattern for the outcome and close of 2022 (or thereabouts) . Percentage wise averaging 2014 and 2018: Could we see a drop of 65.5% thus $15,944 2022 close? I would say not as low as this, but in the event this idea comes to fruition, I could see once again a $20,000 Bitcoin at a 57.6% drop for 2022.

Yes, unfortunately the Ukraine crisis rages on, the FED hiking rates, and on the other side of the coin, possibility BTC as a hedge/safe haven making it "war-proof", and institutional investors coming as many argue. But aside this and just looking from a TA perspective, what do you think as to this idea put forward?

Love to hear your views on this, It's just an idea and doesn't mean I'm right, so please feel free to comment below; Don't be shy, we are all here to learn.👍

Cheers, CryptoGlyn.

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