#Bitcoin after the Halving
Jul. 17, 2021
431 days after the 3rd halving
#BTC at $31,678
One more week stuck in this drawdown:
🟧 95 days since the last ATH.
🟧 Bottom -55% below the ATH.
🟧 Volatility continues to decline.
... (1/5) 👇
Jul. 17, 2021
431 days after the 3rd halving
#BTC at $31,678
One more week stuck in this drawdown:
🟧 95 days since the last ATH.
🟧 Bottom -55% below the ATH.
🟧 Volatility continues to decline.
... (1/5) 👇
This is one of the longest drawdown #Bitcoin has had to deal with during a post-halving bull market.
But 95 days is still only half the duration of the big drawdown of 2013... (2/5)
But 95 days is still only half the duration of the big drawdown of 2013... (2/5)
In terms of price trajectory this correction also looks very similar to 2013. If we continue like that, #BTC will remain stuck around $30k for a while... (3/5)
The one-month volatility of #Bitcoin is on a downtrend, but historically speaking it isn't particularly low.
So from that perspective it is possible for the trading range to stay pretty tight for longer... (4/5)
So from that perspective it is possible for the trading range to stay pretty tight for longer... (4/5)
(5/5) If you want a deeper dive into this short term #Bitcoin volatility squeeze, go checkout the latest issue of the Ecoinometrics newsletter. 👇
ecoinometrics.substack.com/p/ecoinometric…
ecoinometrics.substack.com/p/ecoinometric…
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