The chart you shared shows the progression of Bitcoin's price (logarithmic scale) in relation to its halving events. The Bitcoin halving occurs approximately every four years, reducing the reward for mining by half, which historically leads to price increases due to decreased supply.

Key Observations:

1. Halvings and Price Peaks:

- The chart highlights previous Bitcoin halving events, each followed by a significant rise in price, ultimately reaching new all-time highs (ATHs).

- The orange vertical bands represent the periods immediately after halving, which tend to see accelerated growth.

2. 11% ATH Growth After Halving:

- The chart indicates that, after each halving, Bitcoin has historically reached about 11% of its next all-time high (ATH) within a similar period.

3. Predictive Patterns:

- The past trends suggest that the fourth halving, expected around March 2024, could lead to another price surge, similar to previous cycles.

- While the specific timing of the peaks may vary, this trend aligns with the general belief that Bitcoin halvings contribute to significant price appreciation in the following months or years.

This visual data may support the bullish outlook you mentioned earlier, expecting the upcoming Bitcoin halving to trigger another bull market cycle.