# Bitcoin still looks very much like the previous halvings

Bitcoin is a little over 5 months away from it's next halving and things are still pretty much right on que with past patterns.

Even with the recent drop in prices, things still very much look like they did during the two previous halvings.

It's a little easier to see when we overlap the previous charts and halving events all on one chart.

Check it out:

https://i.postimg.cc/jjK7yRRX/EKn-Pza-NXk-AEjs-ZV.jpg

(Source: https://twitter.com/3commas_io/status/1200719259804024833)

As you can see, we had a breakout from the downtrend in all 3 cases, followed by a pullback, and then a rally into the halving event.

Currently we have already seen the breakout from the downtrend and now the pullback.

If things are going to continue to repeat, we would expect to see prices start their run up into the halving very soon.

Both other halving events started their rallies no later than about 5-6 months prior, which is where we are right not.

# Some more similarities...

To really get an idea of how similar these entire cycles have been, we need to see them listed side by side.

The similarities are really pretty shocking.

Check it out:

https://i.postimg.cc/KcsBCX5G/EKi2dps-Wk-AET4-EA-1.jpg

(Source: https://twitter.com/3commas_io/status/1200409922598580225)

We had a parabolic move, followed by an 80%+ drop, followed by sideways price action, finally followed by the build up into the next parabolic phase.

If this pattern keeps repeating, we are currently likely in the last dip before the bull market really starts to kick in.

# Will this recent pattern continue to play out like the others?

I can't say for certain, but thus far we are still very much showing a similar pattern.

We do need the price to turn back up rather quickly though to mimic previous patterns as they didn't stay below that last moving average for long in either previous setup.

As of right now, I am operating under the assumption that we will end up repeating a very similar pattern to both previous cycles.

The only bad news is that many others out there likely are expecting that as well, and often in finance when everyone is expecting the same thing price wise, it usually doesn't happen.

We will see.

Stay informed my friends.

-Doc