Introduction

This is an update from the post made way back in September 2020 titled Bitcoin yearly lows.

Disclaimer

I am not a financial advisor and this is not financial advice. I take no responsibility on how you interpret the below information.

Bitcoin analysis

I have provided a dataset kaggle . You can download it here.  You can also check out my kaggle notebook here. Below you can see the update chart of the btc yearly lows.

After the all time high(2021) we had a dip(2022) followed by a reset(2023). This is the bitcoin 4 year cycle. The current price sits at US32,953.26 which is twice the 2023 yearly low and the Bitcoin halving is 171 days away. A lot can happen during 2023 and after the halving. Plan B has a Bitcoin S2F trading rule which focuses on the bitcoin halvings. I did a deep dive on it here and here.

Conclusion

What this chart shows is that holding btc for a longer period tends to produce higher returns. At the end of the day, time in the market is better than timing the market.

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