Buying region at 20k to hold long-term post halving for BTC

7 มี.ค. 2023

Buying region at 20k to hold long-term post halving for BTC

A good purchase of BTC would be in the region of 20k.

Halving 2016
After the bottom, 525 days to halving
Best buy in Golden Pocket

Halving 2020
After the bottom, 504 days to halving
Best buy in Golden Pocket

Halving 2024
After the bottom, 553 days to halving
Best buy in Golden Pocket

Based on the logarithmic curve of BTC as support, we can estimate that buying BTC in the region of 20k is a good option for the long term.

If BTC seeks the region of 12k, it will be another good time to buy more BTC.

This strategy involves buying BTC after a significant price drop (bottom) and during a specific period of time before the halving, which is a reduction in the reward that BTC miners receive for validating transactions on the network. Halvings usually lead to scarcity of BTC and therefore can lead to an increase in the asset's price.