BTC Date for new All Time High post 3rd Halving (May-June 2022)
This is a simple but powerful idea.
I've calculated some simple proportions for time distances and incremented percentage price, between the 1º and the 2º halvings. Then I related the results for similar proportions between the 2º and the 3º halving. ATH is All Time High(s).
1) DAYS:
First and Second halvings:
525 / 364 ≈ 1.44
Second and Third halvings:
x days for next ATH / 532 ≈ 1.44
x = 1.44 * 525 ≈ 756 days
2) PRICE:
First and Second halvings:
3,854 % / 10,758 % ≈ 0.35
Second and Third halvings:
x % increment / 3,854 % ≈ 0.35
x = 0.35 * 3,854 % ≈ 1,348 % which is an increment to the price of USD 130k
This numbers make sense since the supply has been reduced to half.
Next halvings is suppose to happen on February 29th, 2024. The supply will be reduced them from 6.25 to 3.125 BTC per block.
I've calculated some simple proportions for time distances and incremented percentage price, between the 1º and the 2º halvings. Then I related the results for similar proportions between the 2º and the 3º halving. ATH is All Time High(s).
1) DAYS:
First and Second halvings:
525 / 364 ≈ 1.44
Second and Third halvings:
x days for next ATH / 532 ≈ 1.44
x = 1.44 * 525 ≈ 756 days
2) PRICE:
First and Second halvings:
3,854 % / 10,758 % ≈ 0.35
Second and Third halvings:
x % increment / 3,854 % ≈ 0.35
x = 0.35 * 3,854 % ≈ 1,348 % which is an increment to the price of USD 130k
This numbers make sense since the supply has been reduced to half.
Next halvings is suppose to happen on February 29th, 2024. The supply will be reduced them from 6.25 to 3.125 BTC per block.