Bitcoin just keeps on repeating what it did the last time...

Bitcoin is right on track to keep doing what it did during the last post halving bull market.

If we rewind the clock 4 years ago, we can see that bitcoin's RSI was right around 64 a couple months post halving, which is exactly where we are today.

Check it out:

(Source: https://twitter.com/100trillionUSD/status/1295695509399764992)

The RSI is a measure of a coin's relative strength index and is often used to gauge whether something is overbought or oversold.

According to PlanB (the creator of Bitcoin's Stock to Flow model), a score of 64 signals that bitcoin is now in a bull market again.

Both of the previous post halving bull markets saw RSI's in very similar spots a couple months post halving.

Everything continues to remain on track...

It's pretty amazing how similar all of these patterns continue to be.

Bitcoin has it's block reward halving, it goes sideways or down for a couple months then starts to gain some momentum moving higher.

The price eventually peaks 12-18 months post halving significantly higher than the previous all time high.

Then, over the following 12 months it declines by roughly 82% from that peak.

Rinse and repeat.

Eventually these cycles will stop playing out in such similar fashions, but I don't think they will stop any time soon.

Until then, buy the 82% decline and sell roughly 12-18 months post halving.

Stay informed my friends.

-Doc