on X(Formerly, Twitter)
There has been 3 market cycles, and the 4th cycle has been progressing. Now, we're ahead the BTC(Bitcoin) 4th halving. The BTC 4th halving is about 24 days left. Alright, let's check the pre-halving history 🧐
Except the 3rd pre-halving period, the 1st and 2nd pre-halving periods didn't have recessions. So, I think that's the reason why the depth of these price corrections were less than the price correction during the 3rd pre-halving period.
The U.S labor market is strong, and the unemployment rate doesn't surpassed 4.0%. Furthermore, the CPI(Consumer Price Index) looks stable. So, it won't likely happen a recession like COVID-19 this year. Therefore, I expect that the depth of the recent price correction would be less than 30%.
When the BTC price broke old ATH(All Time High)s, the bullish markets had lasted less than a year. So, I think the recent price correction will be earlier ended than we expect.
This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex
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Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
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When a person walks along the corridor of delusions, it is his problem, even if he tries hard to make it the problem of others)))
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