💵 The expert compared the current fall of BTC with 2016
Well-known analyst Peter Brandt said that BTC's decline after the halving is similar to what happened in the 2015-2017 bull market cycle.
✅ He compared the depth of market corrections after the halving dates and noted the similarities:
🟦In 2016, the halving happened on July 9, when the price was $650.
🟦During the month, the market fell to a low of $474, which represented a 27% decline after the halving.
🟦 The price then soared to a cycle high of $20,000 in December 2017.
🟦BTC's recent drop below $50,000 is a 26% decline from its post-halving price of $64,962.
As you know, history likes to repeat itself. In the 2015-2017 cycle, BTC took 24 weeks to clear the ATH. 16 weeks have already passed in this cycle.
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Well-known analyst Peter Brandt said that BTC's decline after the halving is similar to what happened in the 2015-2017 bull market cycle.
✅ He compared the depth of market corrections after the halving dates and noted the similarities:
🟦In 2016, the halving happened on July 9, when the price was $650.
🟦During the month, the market fell to a low of $474, which represented a 27% decline after the halving.
🟦 The price then soared to a cycle high of $20,000 in December 2017.
🟦BTC's recent drop below $50,000 is a 26% decline from its post-halving price of $64,962.
As you know, history likes to repeat itself. In the 2015-2017 cycle, BTC took 24 weeks to clear the ATH. 16 weeks have already passed in this cycle.
Subscribe to my telegram
https://t.me/cryptoblogo
$BTC
$ETH
