"If you look at this cycle, you can see that Bitcoin's first drop corresponded to a drop in the S&P 500. So perhaps there will be another drop in the S&P 500 in the second half of the year which will then lead to Bitcoin putting in a low at the end of the midterm year which is when it always does. Sometime the fourth quarter of the midterm year."
This prediction is awaiting verification.
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… ly refute that by noting that in 2018 the stock market actually put in all-time highs and Bitcoin still went down. And in fact, it was an early correction in the stock market that led to Bitcoin's first drop to 6K and it was a second correction in the stock market in the second half of the midterm year that led to a subsequent drop by Bitcoin. Now if you look at this cycle, you can see that Bitcoin's first drop corresponded to a drop in the S&P 500. So perhaps there will be another drop in the S&P 500 in the second half of the year which will then lead to Bitcoin putting in a low at the end of the midterm year which is when it always does. Sometime the fourth quarter of the midterm year. In 2015 it actually ended up being January of the pre-halving year. So again, it's hard to know exactly but Q4 of the midterm year seems like a a fairly likely outcome. So there's a lot of reasons why people will say it. And then another one is the rally that Bitcoin just had to its 200-day moving average. That feels like a pretty impressive rally …