Crypto Blog
A higher low happens in a down-trending market when the last dip is not as deep as the previous one. This could be a sign of trend reversal as selling pressure wanes.
This was observed by analyst ‘Mando’ in a post on X on Sept. 10, however, others pointed out that this doesn’t rule out further lower lows.He added that 141 days after the halving, BTC was down only 19% from the last cycle top, however in 2020, it dipped around 46% from the 2017 top 141 days after the halving.
Analyst ‘Rekt Capital’ also looked at previous halving cycles, observing that, if history repeats, the next bull market peak will occur 518-546 days after the event:If history repeats and the next Bull Market peak occurs 518-546 days after the Halving…that they were 95% confident that “we will not see anywhere near $44k whatsoever.
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