Greetings, below we can see the halving chart of $BTC in 2020 and the current halving chart in 2024 as a weekly candle.
When we look at 2020, it increased by 53% for 7 weeks before the halving,
Then, it dropped by 64% for 4 weeks. Afterwards, it rose again, the halving occurred and it continued its rise.
When we look at the 2024 chart, we have been on the rise for 8 weeks and it has increased by 78%. There was no major decline in the rally that started 21 weeks ago, except for minor corrections.
My opinion is that this halving may be different this time due to the ETF, we may not see a big correction for a long time, but after the halving is completed, the big correction may happen to us this time, as we have experienced in previous halvings.
There is a 5-week candle ahead of us. It is possible that there will be a big correction. If not, it is more likely to happen after the halving because bitcoin continues to make ATH thanks to the Halving Hype. When the Halving occurs, withdrawals are possible as in the ETF approval. Then the bull can start.
All these articles are my own opinion and expectation. It may mislead you, it may not happen. I could be wrong. Don't believe anyone who speaks for sure. Lots of endorsements to everyone.
