What is the most likely scenario for Bitcoin to build the next stop? When will that be, and also we're going to have a look at if Bitcoin is still on track for new all time highs and this year or in 2021, also, as always, we're going to have a look at lower timeframes, Bitcoin is still trading above this falling Wedge this downwards channel in here, but the situation came pretty much to a halt right now and there is uncertainty. What the next move for Bitcoin is that aren't more all in this episode and now let's jump right into it. Now, before we're going into today's content, I want to announce that I'm. Finally, on Instagram – and I finally got it, what content you should be providing on Instagram so for those people who are interested Sonne decreed, are official on Instagram link, also down below in the comment and description section. If you want to follow me right there, I will share some private content. Ok, if I cook something or if I go out or whatnot or if I'm gon na travel, I will keep you guys posted. I will not upload daily or anything like that, but making a weekly or a monthly post, something like that, so make sure to check it out if you're interested, but now let's get straight into the content. What we're gon na start with today is the big coin daily chart and, as you probably already figured the situation, the breakout kind of came to our halt in here, and some people are already scared right now that this was it already that we're going back down People are already preparing their shorts to me.
It looks like that the sentiment shifted from being very negative to very positive now back to neutral. That is what I see on social media. That is what I see in the comments and so on. If you have a look at the hourly chart in here well, we can clearly see that we are in some kind of consolidation phase, but it is very hard to actually predict what the next move is. I mean here you can clearly say well. Bitcoin was basically consolidating bullish in here, and we had to break out to the upside, which is something that I called, but what we have right now the situation is actually a little bit different. It is easier to make a bullish argument in here. On the one hour chart than a bearish argument, because you could actually say that here we have tops on the same level, we have higher lows and if you have higher lows, but you have equal tops well, that would lead to an ascending triangle. Something like that. I mean I don't want to draw it too accurate, because I do not really care, especially in those low timeframes, but if you want to rate the situation right now, the best argument would probably be here for an ascending triangle, which would lead more to the bullish Side, but it is not as clear as it was below resistance, so what we're looking at in here is a situation, a neutral situation in my personal opinion.
So if you are not in a trade, yet if you're not in a position yet I would probably hold back in here and see the next developments, as you guys know, I'm personally, still in a long I'm, not taking profits at the levels. Right now, I erased my stop loss a little bit, but this is the current situation right now, but I'll let's talk about the actual topic after day is Bitcoin still on track, and when are we going to top out for the next time – and I talked about This with a friend – and we were coming to a very simple conclusion actually, but not that many people are talking about it, so we probably all agree by now that bitcoin is somehow going in four year cycles. Most probably, that is due to the halving we had here, the first half and in 2012, here the second often in 2016 and we're, going to have the third half thing ever for Bitcoin, where the block reward is getting cut in half from 12.5 BTC to 6.25 Btc in may 2020 it's going to be the 12th of May most likely, as you can see over here, 117 days left. So once again, we probably all agreed that Bitcoin goes in four year cycles, so this easiest prediction to make when the next hop is going to be well quite simple, it's, basically just this state over here of the last hub plus four years, and that would bring Us all the way down to December 21 December 2021, that's a very long time from now on right, that's, almost two years, but if you think about it, this is the most simple and easiest explanation and prediction: okay, and it makes sense once again, Bitcoin is going In 40 years cycles, we've seen similar phases of stay shift a little bit, but once again the last top December 2017 plus four years would be December 2021.
That would actually be quite bad to wait for so long, but the question right now, I'm going to answer is, is Bitcoin even still on track for that and the simple answer to that is: yes: Bitcoin is definitely still on track. What we're looking at in here is the yolks virus Channel yo, PTC buyers channel. You can look it up under indicators; it will find it if you are interested. I made some modifications in here, but what I look at is where Bitcoin is right now in this green phase and we're, definitely still in an accumulation phase. Yes, we had more downwards pressure. We had more downwards movement during this green accumulation phase as we've seen it over here and as we've seen it over here. In fact, we have never seen such a secondary bear market, as we have seen now in the second half of 2019, but it could be that reversal is already in and if not, there is still way more room to the downside to still be on track. I mean Bitcoin could go all the way down to four thousand US dollars even lower than four thousand US dollars and Bitcoin would still be on track. Also, I want to remind you once again that Bitcoin has never been able to form a new all time high before the upcoming having as you can see over here in the first cycle, we have the all time high. Then the whole thing happened right here.
New all time, high couple months of the words then here the exact same thing, an all time high. Then here we at the half in and then here a new all time high couple months afterwards and here 2017, the exact same thing – the huffing is coming up, but it is not likely that before May we're going to see new all time high, it is we're More likely that Bitcoin is going to do something like this. If we're going to break down in here or not, does it really matter well, not all too much right, but we're, most probably not going to see a new all time high until a couple months? After May, okay, so a new all time high, probably in the second half of 2020. If you just analyze this and then once again, it just makes sense that the bull market is going on for another year and at the end, in the last month or in the last two months, we're going to see that parabolic faced by the end of 2021. So, yes, I personally find it very likely that December 2017, plus four years, is going to give us more or less the date or more or less a range of dates where Bitcoin could top out for the next time. And no, I personally don't believe that we're going to see new all time highs before May okay, I mean Bitcoin rhymes so nicely. That is what we have seen so far and so far nothing is telling me that this is about to change.
But once again, maybe we need a little bit more patience as we initially expected, but that is it already for today's video. If you liked the episode, please leave a like very much appreciated and if you are interested in Levis trading, Биткоин, XRP, aetherium or US make sure you check out my Bible tutorial popping up by my side right now. Sign up link for an up to 90 dollar bonus down below in the comment section don't forget to follow me on Instagram once again.