This image provides a comparative analysis of Bitcoin’s price behavior during halving events in 2017, 2021, and the expected trend in 2024. Here’s a breakdown:
- **2017 and 2021 halving events**: The chart shows that both cycles experienced a notable market dip around 224 days before the halving. In each case, after the halving event, the market witnessed a significant recovery and rally.
- **2024 halving projection**: The pattern suggests a buildup in price prior to the 2024 halving event, indicating a similar market structure. The 224-day window leading up to this halving is showing a steady climb, unlike the previous significant dips.
This analysis implies that market trends before the 2024 halving may be different, possibly more bullish as indicated by the current growth, but the cyclical post-halving rally remains a consistent expectation based on past events.
