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The #bitcoin price is once again showing similar dynamics to previous cycles after halving. Over the past 48 hours, the largest cryptocurrency has declined by 13%, falling from an all-time high of $108,600 to $94,700. This raises questions for analysts: is the story of 2020 repeating itself?
The last halving of bitcoin occurred in April 2024. Historical data shows that in May 2020, bitcoin also went through a similar scenario: about 250 days after halving, the price of the cryptocurrency fell by 30%. However, this decline turned out to be temporary: over the next 290 days, the price increased by 140%, reaching a historic high 546 days after halving.
Why is this important?
The repetition of such patterns suggests that bitcoin may show significant growth again after the current decline. If a similar trajectory continues, a 30 percent drop could bring the cryptocurrency to the $75,000 level. But if a similar growth follows, bitcoin could reach an impressive high of $225,000 in October 2025.
Does the story rhyme?
Although past cycles provide the basis for forecasts, it is impossible to guarantee future price changes. The bitcoin market is influenced by many factors: liquidity, network performance, and the global macroeconomic situation.
While the current correction coincides in time with the period observed after the halving in 2020, market participants are paying attention to other signals. Network data, including transaction volumes and exchange order dynamics, provide hints about upcoming trends.
Looking to the future
Satoshi Action recently unveiled a model that suggests bitcoin could reach $1 million by 2027, based on the growing global use of cryptocurrency and limited supply.
Although such forecasts are controversial, the key question remains: will bitcoin be able to repeat its historical path, providing long-awaited growth? Given the current dynamics, the market is preparing for a new phase, but only time will tell whether it will be as successful as previous cycles.
History rarely repeats itself, but it often rhymes. And this rhyme can become very profitable for those who are willing to trust the cyclical path of bitcoin.
