dietron

Spider Lines - BTC Halving 2024 Based on previous cycles of Bitcoin and the Bitcoin code, every 4 years or so there is a "halving cycle" which decreases the supply of Bitcoin being mined. As BTC becomes more scarce the price skyrockets to new highs. Based on my analysis, I have illustrated spider lines on the Weekly time frame for BTC as a price action prediction tool, a tool that was highly accurate in the previous cycle. I have also included a general "plan to sell" window of opportunity from Jan 2025-November 2025. Please keep in mind not all cycles are the same, but history does tend to repeat itself. Please also keep in mind that if BTC continues up past $32k in the near future during this bear market rally, the spider lines will need to be redrawn. Lastly, zoom out and see for yourself - the 4 year halving cycle bull/bear market has yet to be invalidated, even in arguably the most uncertain macroeconomic environment of our lifetime. Shout out to CF for spreading knowledge.