After each halving, Bitcoin will experience a consolidation period of about 6 months.
In 2016, it took 170 days to break through the previous high after the halving.
In 2020, it took 197 days to break through the previous high after the halving.
In 2024, the halving time has passed 170 days.
Possible signs of a bull market in the short term. If Bitcoin breaks through $70,000 and stabilizes, it may officially start a new round of market.
