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Bitcoin's 500-Day Rule Once Predicted Bull Runs. Wall Street May Be Changing That

Bitcoin
International Business Times Fews App News Provider
Fews App Post Time há 4h

Based on Bitcoin's most recent halving on April 20, 2024, the model suggests another buying window could open in late November 2026, with a potential selling opportunity around mid-August 2029 if previous cycles repeat. Unsplash/André François McKenzie A popular Bitcoin trading strategy that has successfully tracked previous market cycles is approaching another key milestone, but analysts say the cryptocurrency's evolution into an institutional asset could make this cycle very different from those that came before. The strategy, known as the 500-day rule, is tied to Bitcoin's four-year halving cycle and has historically rewarded investors who bought the cryptocurrency roughly 500 days before a halving event and sold about 500 days afterward.

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