Halving 2012 - Experienced a +9362% rally

Halving 2016 - Experienced a +2876% rally

Halving 2020 - Experienced a +640% rally

The percentage returns in 2016 were reduced by 3.2 times compared to the previous rally in 2012, and the returns in 2020 were reduced by 4.5 times compared to the 2016 rally.

Taking the average reduction factor of 3.85, we can estimate that the next cycle's returns will be reduced by this factor.

640 / 3.85 = 166

Therefore, the estimated percentage return for the upcoming cycle is 166%, which equates to $170k per Bitcoin.

It is advisable to focus on the long-term game rather than short-term corrections.