"Decoding Bitcoin's Halving: Charting Price History and Predicting Future Bull Runs"
š After Bitcoin's recent halving on April 20, 2024, at 00:09:27 UTC, where it reached $63,938, it's crucial to track its historical price movements. History suggests that following halvings, altcoins often outperform BTC, though with increased risk. For instance, while BTC might correct by 8% in a day, altcoins could see corrections of 30% to 50% or more.
ā The bull runs post-halving have varied in their onset: 1st bull run: 48 days after the 2012 halving 2nd bull run: 250 days after the 2016 halving 3rd bull run: 150 days after the 2020 halving 4th bull run: ??? after the 2024 halving
Predicting the precise start of a bull run and its peak during the halving period ischallenging due to the dynamic market nature. Only experts and their teams might have insights into these movements. Conduct thorough research before making any transactions. š§
The attached chart, courtesy of MarketWatch, provides a comprehensive view of Bitcoin's price history. Remember, while the past guides us, the future remains uncertain. Share your thoughts and opinions! š
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