# Bitcoin may be about to reward the HODLers with a nice present

As we march through the holidays this year, bitcoin may end up paying a nice long term gift for those that were willing to hang on over the past 2 years.

If that's you, go ahead and pat yourself on the back.

Ever since bitcoin peaked in late 2017, it has been mostly downhill.

There was a nice rally to break the downtrend earlier this year, but apart from that it's been tough sledding for the bulls.

That may be about to change...

# Yearly candles possibly indicating good things to come for the bulls

Looking at the yearly candle stick chart, we can see that bitcoin is very close to repeating a similar pattern during the last bear/bull cycle.

We had 3 years of up, followed by one year of pullback, followed by up...

Check it out:

https://i.postimg.cc/26cFDDWN/EKyuw-K7-VAAAUz3-D.jpg

(Source: https://twitter.com/ChartsBtc/status/1201527346995630080)

With only 4 weeks left in the year, it looks very much like we are likely to close this year right where we should be.

With a solid gain.

To continue repeating this pattern, we would expect to see the next two years show very explosive gains.

Before finally being followed by a significant bear market after the peak two years from now.

https://i.postimg.cc/XYnvWykd/EKs-3-Rh-Wk-AAw-Sf-K.jpg

(Source: https://twitter.com/100trillionUSD/status/1201122852004605952)

# Halving now 5 months away

A lot of this price action seems to be based around the halving events.

Roughly every 4 years the block rewards are cut in half, meaning the emission rate of new bitcoin created is cut in half.

That slows down the inflation rate every 4 years.

This latest halving will drop the inflation rate under 2% for the first time ever, below the FED's target inflation rate for the USD.

Stay informed my friends.

-Doc