These are the 4-year bitcoin cycles. They’ve repeated every 4 years thus far. It happens because bitcoin’s code was written that way. This feature makes bitcoin scarcer every four years. We can use gold as a real-world analogy – let’s say that the flow of newly mined gold that comes into the market was somehow stifled. For example, a gold mine gets swallowed up by a volcano. I have no idea if that is a thing, but if that happened, and people knew about it, the price of gold would go up due to this event because the resource would be scarcer at that point. With bitcoin this 4-year known event is called the ‘halving’ and it makes the commodity scarcer. This means that the reward for the newly ‘mined’ bitcoin is cut in half every 4 years. In the above screenshot, the halving dates are the yellow lines. The green lines are the new all-time high price that comes some number of days/weeks/months post-halving. As you can see, it’s rather predictable when the new all-time high comes in when measured from the halving.
During the bull run that is tied to the halving, the whole of the crytpo market (usually) goes up too. This means that most of the other coins go up, and any crypto related stocks go up.
But we shall see. I think it's interesting that there is this eclipse coming up on the same month/year as the halving.
$BTC
