📢 #GateOpinionQuest# for #6# is online!
DYOR on the selected project, share your opinion, and win amazing rewards.🎉
💬 Task for #6# : Research Avail ($AVAIL) and post your opinions and insights.
🏆 Rewards: 5 winners will each receive $20 worth of $AVAIL and this week’s Opinion Badge!🏅
👉 How to participate:
Share your opinion and include the hashtags: #GateOpinionQuest# and #AVAIL# .
Make sure your post has at least 60 words and gets at least 3 likes.
Include the trading link of $AVAIL in the post: https://www.gate.io/trade/AVAIL_USDT
⏰ Time: End at 10:00 AM on July 26th (UTC)
How long after the third halving does the bull market start? Sharing the personal summary of the old hunter:
A bull market that started 40 days after the first halving, but it is not of much reference value. After all, there was no experience or reference value for the first time.
The second halving took place in June 2016, and it took 164 days after the halving to truly break through the previous high point of the halving favourable information. However, BTC was in the bottom area.
After the third halving, there was an upward trend with a bullish candlestick 69 days later on May 12, 2020, marking the beginning of a new phase of the market.
The fourth halving will take place on April 20, 2024. According to the time cycle of previous bull markets after halving, it is highly likely that this round of bull market will start around 69 or 169 days after the halving. That is, around early July or October 8, 2024. Where exactly it will start remains to be seen.
The old hunter's point of view is that, in terms of time cycles, the probability of continuing to consolidate until October is 0, because it has been consolidating between 60,000 and 70,000 for more than 3 months. If we calculate based on the 169-day cycle after the halving, it will continue to consolidate for more than 4 months. No bull market conforms to the pattern of consolidating at a high level for 7 months or more. Consolidation lasting for 7 months or more only occurs in the bottom area, not in the top area or the rising relay area. Therefore, the old hunter's personal opinion is that the market is likely to start the final major uptrend in July. Due to limited text, I will continue to explain why it is more reasonable to start the bull market in July. When do you think the post-halving bull market will start? #BTC#