How likely is Bitcoin #BTC to break its historical pattern before and after the next halving?
Those who bought Bitcoin when it was at its peak and haven't sold it yet have something in common: they are heroes. Or crazy people. Or both at the same time. Because they have resisted the collapse in the price of the most popular cryptocurrency in the world. That means that many have lost money, because they bought Bitcoin when it was worth more than it is worth today. And that hurts.
But they don't give up. Because they rely on the halving, the event that every four years reduces by half the amount of Bitcoin that is created for each mined block. According to history, the price of Bitcoin rises after the halving, because there is less Bitcoin available and more people want it. It is almost a legend that after the halving a new bullish cycle begins that takes Bitcoin to a new record. Will it be true this time? No one can say for sure, but those who bought in the last boom and have not sold yet are willing to take a chance. Or wait for another boom. Or die with your boots on.