BTC still has 2 more major surges to go...

in #bitcoin2 months ago

BTC is still cooling off from the 1st surge, still likely has 2 more to go

Bitcoin sees a number of patterns that tend to repeat during it's bull market and bear market phases.

These phases make up the 4 year halving price cycle.

The interesting thing about the bull market phase, which is what we are in now, is that we tend to see 3 distinct surges.

Looking something like this:

image.png

(Source: https://twitter.com/WClementeIII/status/1383432476979200018/photo/1)

So far, these surges have played out in a similar fashion 3 out of 3 times.

Currently we just saw the first surge peak recently as shown on the far right side of the chart above.

Going off of past patterns, we could probably expect to see at least 2 more of these surges before BTC eventually tops out.

The 3rd surge tends to be the largest of the 3.

Buckle up, it's going to be a wild ride from here on in.

Stay informed my friends.

-Doc