Bitcoin Price Outlook for 2021 Bitcoin Halving Event

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If we study the price action of previous Bitcoin Bull cycles, we can expect that the next top should be able to re-trace down by approx. -95% to the TOP of the PREVIOUS bull cycle. We also look at the timing of the peak to occur at a ratio after the Bitcoin mining halving events which it has done in the previous Bull cycles. See coinwarz.com/mining/bitcoin/... for projected upcoming halving event. The blue vertical lines represent the previous halving events and the projected upcoming halving in 2024.