In 2012, $BTC evolved laterally on the day of the halving, then went from $12 to $1,166 after the halving. This represents an increase of 9,500% in just 380 days.
In 2016, BTC also evolved laterally on halvin day, then fell -29% a few days after halving, followed by a rapid recovery. The price increased from $470 to $19,600, an increase of 4 100% in just 500 days.
In 2020, BTC experienced a slight decrease of -17% just a few days before the halving, followed by a few months of lateral price developments. The price increased from $8,700 to $69,000 in just 547 days.
In 2024, BTC is only 2 weeks from halving. This is the first time that the price has reached a new ATH before halving and is currently consolidating near the ATH with one of the highest monthly closes ever recorded.
What do you think is coming next ? I’d expect on November to reach 160k but a correction before/after the halving by few days.
Do your own research and stay safe!
Check out my #BTC analysis in profile posts!
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