#BitcoinReturnsTo$69KAfterThreeMonths ๐
BITCOIN IS ABOUT TO MELT EVERYONE'S FACES OFF
๐
Bitcoin
has been underwater against gold for 610 days.
Three
completed cycles reached this same milepost before it.
Here is what
Bitcoin
in USD did from that exact day forward:
6
months: -6% to
+47% (median +40%)
12
months
: +9% to +116% (median +115%)
18 months: +225% to +378% (median +269%)
24 months: +242% to +1,067% (median +333%)
Every single cycle TRIPLED inside 18 months.
The weakest of the three still paid 225%.
Apply the median to today's $69,374:
6M โ $97K
12M โ $149K
18M โ $256K
24M โ $301K
The first six months are where the pain lives. In 2019 you sat through a 54% drawdown before the anchor date even paid you back. Then it printed 4.78x by month 18.
The gold-denominated bear is already 433 days peak to trough, longer than any of the three that came before it.
The clock has been running for a while:$BTC $BEAT $BB
BITCOIN IS ABOUT TO MELT EVERYONE'S FACES OFF
๐
Bitcoin
has been underwater against gold for 610 days.
Three
completed cycles reached this same milepost before it.
Here is what
Bitcoin
in USD did from that exact day forward:
6
months: -6% to
+47% (median +40%)
12
months
: +9% to +116% (median +115%)
18 months: +225% to +378% (median +269%)
24 months: +242% to +1,067% (median +333%)
Every single cycle TRIPLED inside 18 months.
The weakest of the three still paid 225%.
Apply the median to today's $69,374:
6M โ $97K
12M โ $149K
18M โ $256K
24M โ $301K
The first six months are where the pain lives. In 2019 you sat through a 54% drawdown before the anchor date even paid you back. Then it printed 4.78x by month 18.
The gold-denominated bear is already 433 days peak to trough, longer than any of the three that came before it.
The clock has been running for a while:$BTC $BEAT $BB
