It seems that BTC new ATH comes after 7~8 months of a BTC new halving.
Bitcoin(BTC) has shown ATH(All Time High)s appeared 7~8 months later of BTC halvings. It's interesting 😲
The 4th BTC halving is expected to Apr 2024. If this cycle follows the pattern, the new ATH would be reaching Nov~Dec 2024.
Since 2017, all bearish crypto markets started due to South Korean. Dec 2017, Sang Ki Park, who was the minister of Justice in South Korea, warned that they would shut down all crypto exchanges in South Korea. After his statements, unfortunately, the bearish market started.
In 2021, Do kwon who is the founder of LUNA and South Korean said that the pegging system of LUNA and UST is stable. But, that was depegged, and the system collapsed. After this LUNA issue, BTC collapsed as well. That was a trigger of the latest bearish market.
Do you know that South Korean should pay taxes for profits from buying and selling cryptocurrencies after Dec 2024. What does it mean?
South Korean should file taxes for profits from trading cryptos during 2025 in May 2026. So, I think it is expected for South Korean to sell tons of cryptos in Q4 2024. The next bearish market would be triggered by the South Korean crypto tax issue.
Don't forget South Korean while you invest crytpos
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Very interesting stats and analysis there. Just that you didn't add the lil effect of massive BTC spot ETF by 2024. Probably, we're gonna have a bit more price actions that could spread over 1 quarter of the year.
But before then, I've gotta stick to my copy-trading on my fav exchange bitget
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