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  • Writer's pictureT. Livingston

Bitcoin Looks Fantastic Across Multiple Timeframes With Echoes To 2016 & 2020

When I pull up a chart of Bitcoin, it continues to amaze me how beautiful the chart looks. We are currently seeing a large cup and handle base form on multiple time frames. In my opinion, practitioners of technical analysis will look back at Bitcoin's current chart years from now and study it as a textbook example of an asset that is under accumulation. What's also fascinating is how similar Bitcoin currently looks to past cycles, particularly 2016 and 2020. I personally believe this cycle will play out closer to 2016 than 2020, but time will tell what the future holds.

I've also noticed that while many were hyped about Bitcoin around the halving, no one seems to care at this point. It seems that most have forgotten about Bitcoin or moved onto other things. However, by analyzing Bitcoin's monthly chart, it is clear that the strongest action has occurred AFTER the halving. Moreover, when we note the parallels of the current chart to that of 2016 and 2020, it is easy to make the case that the full move in Bitcoin has NOT taken place yet. In fact, it appears that the strongest part of Bitcoin's move may be just around the corner.

Risk right. Sit tight.

Full Disclosure: I currently own Bitcoin, Solana, IBIT, and Ethereum.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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