Btcnews on Nostr: #BTC History suggests that Bitcoin tends to breakout 150-160 days after the Halving ...
#BTC
History suggests that Bitcoin tends to breakout 150-160 days after the Halving
That would mean Bitcoin would breakout from its ReAccumulation Range in late September 2024
That being said, Average Historical Monthly Returns for September are -4.48%, with highest ever upside in the month of September being just +6%
Whereas for October those Average Monthly Returns are +22.9%
I wouldn't be surprised if Bitcoin consolidates just a little bit more beyond late September to achieve an October breakout
After all, October has always historically been a strong month
Published at
2024-09-01 20:48:18Event JSON
{
"id": "57a03db8b0ddc0fcde36b2f87d67b4a968fed817d4f33e4ac01920f672ca5df0",
"pubkey": "e4146d1d7fb2f7f6e6b3c799eaeaba6f7446fd28ccea2592671cb239a13f4d81",
"created_at": 1725223698,
"kind": 1,
"tags": [
[
"t",
"BTC"
],
[
"t",
"btc"
],
[
"r",
"-4.48"
],
[
"r",
"https://image.nostr.build/307edde175930c9f55d2e6070617a1f61d012ab60ef85f3f978bf5a50b307b8f.jpg"
],
[
"imeta",
"url https://image.nostr.build/307edde175930c9f55d2e6070617a1f61d012ab60ef85f3f978bf5a50b307b8f.jpg",
"m image/jpeg",
"alt Verifiable file url",
"x 66a88c277303c503f17b1c6db61987f5d1bc938ec8f69e4e2ce9d815725a34e6",
"size 88945",
"dim 1200x847",
"blurhash rDRy$ZJPIK=|^*j@%cNF%LRgtPs+-os=M|IsIVbI?1jvRjI:Ioi{spxFa}?Fi|RjIoIpxsj_%1f9NkaKR-Rjovf+xVWCoeSgM|o}jFn%xts,fkoJ",
"ox 307edde175930c9f55d2e6070617a1f61d012ab60ef85f3f978bf5a50b307b8f"
]
],
"content": "#BTC \n\nHistory suggests that Bitcoin tends to breakout 150-160 days after the Halving\n\nThat would mean Bitcoin would breakout from its ReAccumulation Range in late September 2024\n\nThat being said, Average Historical Monthly Returns for September are -4.48%, with highest ever upside in the month of September being just +6%\n\nWhereas for October those Average Monthly Returns are +22.9%\n\nI wouldn't be surprised if Bitcoin consolidates just a little bit more beyond late September to achieve an October breakout \n\nAfter all, October has always historically been a strong month https://image.nostr.build/307edde175930c9f55d2e6070617a1f61d012ab60ef85f3f978bf5a50b307b8f.jpg",
"sig": "5ed49089386e2723e4b326298ac0e40846d9ea83c84a0926ed25c268f54fa583768248867c681ab814a767384de1bdb77a9d952514ed327aa7e7fec3e6b4e593"
}
