Summary
QCP Capital notes that past Bitcoin halvings were followed by significant price increases 50-100 days later. Bulls have a few weeks to build a larger long position before potential exponential growth.
Key Points
1. The past three halvings were followed by an exponential move higher for bitcoin’s price about 50-100 days after the event.
2. Crypto hedge fund QCP Capital pointed out that if this pattern is repeated this time, BTC bulls still have a few weeks to build a larger long position.
3. This suggests that there may be potential for a significant increase in bitcoin’s price in the near future.