In this post, we will look at how the price has historically behaved after the halving - fundamentally the most important event in the market.
Due to the halving, the cost of mining 1 BTC will increase multiple times, which will inevitably affect the price of the asset.
According to the current hashrate of the Bitcoin network, after halving the cost of production will be at $53,000 per 1 BTC.
🔍 What does the story say?
On the chart you can see the trading history of Bitcoin over the past 8 years.
During this time, 2 halvings have already occurred and literally in 4 days a new halving will occur.
Historically after the halving$BTC the bull market continued for another 532-546 days.
Based on these data, we can conclude that the current bull market will end around the fall of 2025 📆
🔬 If you look at things more locally.
After the halving, historically the price went into correction:
1️⃣Halving 2016 - 28 days of decline, then growth with virtually no rollbacks for 504 days.
2️⃣ Halving 2020 - the price went to a correction in the form of a sidewall for 56 days, then the price went up.
📊 Conclusion:
In a matter of days, Bitcoin halving will occur - the most important event for the crypto world.
Historically, within a short period of time after halving, the price flew into space 🚀
Now, in addition to halving, we have huge demand from large wallets buying surrogate ETFs.
These guys already want new ETFs for other cryptocurrencies.
Also, we have a super positive fundamental background for the crypto market 🏹
Considering the constant military conflicts in different countries, which lead to the depreciation of local currencies and assets 🤷♂️
❌ As they have said many times before.
Now we need to actively accumulate assets, and not sell them.
Therefore, we will continue to actively buy the market at each correction.
It is unknown how Bitcoin will behave after the halving.
But obviously, the market growth is just beginning and what we saw a month earlier was just a demo version.
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
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