1. 1st Halving:
- Date: November 29, 2012
-#Bitcoinprice: 12.25$
- After the halving, it went sideways for 49 days before increasing again.
- Reached its first peak in April 2013 at $259 (21 times the price at halving).
- Reached the second peak in November 2013 at $1,163 (94.9 times the price at halving).
2. Second halving:
- September 7, 2016
-#Bitcoinprice: 653$
- After Halving,#Bitcoinprice went sideways for 4 weeks, then increased slowly until early May 2017 before starting to increase strongly.
- Peaked in December 2017 at $19,666 (30 times increase in price at halving).
3. Third halving:
- December 5, 2020
-#Bitcoinprice: $8,605
- After Halving,#Bitcoinprice increased.
- Peaked for the first time in April 2021 at: $64,895.
- Peaked for the second time in November 2021 at: $69,000 (8 times the price at having).
4. 4th Halving:
- April 20, 2024
-#bitcoinprice is: $63,821
5. Prediction:
- Bitcoin price will move sideways for 1-2 months before increasing again.
- Price prediction: If we calculate that each halving cycle, the price of bitcoin will increase 3 times less than the previous cycle, then we get: 8:3=2.6 times.
=> 63.821 x 2.6 = $165.934.
- If we use Fibonacci extension, we have the milestones of $120,000 and $180,000 => taking the middle of these two milestones, we get the price of about $150,000.
(Note: this prediction is purely personal opinion. Nothing is guaranteed to be correct. Use for reference only).
