The chart displays the price movement of Horizen #ZEN one month before and after the previous halving in 2020 and the forecast for the next halving in December 2024.
Data for the previous halving (2020):
1. November 15, 2020 (~1 month before the halving):
The price was $5.0 — the initial stage of growth.
2. December 1, 2020 (2 weeks before the halving):
The price rose to $6.0, reflecting increased market interest.
3. December 15, 2020 (day of the halving):
The price reached $7.5 — the peak value amid a decrease in supply.
4. December 30, 2020 (2 weeks after the halving):
The price dropped to $6.8, marking the start of a market correction.
5. January 15, 2021 (~1 month after the halving):
The price stabilized at $6.5.
Forecast for the future halving (2024):
1. November 15, 2024 (~1 month before the halving):
The predicted price is $9.0 amid preparations by market participants.
2. December 1, 2024 (2 weeks before the halving):
The price is likely to rise to $10.5, maintaining a positive trend.
3. December 15, 2024 (day of the halving):
The predicted price is $12.0, corresponding to the peak of activity.
4. December 30, 2024 (2 weeks after the halving):
The correction may bring the price down to $11.0.
5. January 15, 2025 (~1 month after the halving):
Stabilization is expected at $10.0.
Analysis:
• The red line marks the event of the previous halving (2020).
• The purple line shows the predicted date of the halving in 2024.
• Trends from previous halvings show a similar dynamic: growth, peak, correction, and stabilization. The forecast for 2024 is based on historical data and typical market behavior.