This is when #BTC will pump .......
So since the inception of the crypto currency, the halving of BTC.. usually precede massive #pump.
First Halving - November 28, 2012:
Initial Block Reward: 50 BTC
New Block Reward: 25 BTC
Price Before: Approximately $12
Price After: Witnessed a gradual increase, reaching around $1,150 in November 2013.
Second Halving - July 9, 2016:
Initial Block Reward: 25 BTC
New Block Reward: 12.5 BTC
Price Before: Around $650
Price After: Experienced a notable surge, hitting an all-time high of nearly $20,000 in December 2017.
Third Halving - May 11, 2020:
Initial Block Reward: 12.5 BTC
New Block Reward: 6.25 BTC
Price Before: Approximately $8,000
Price After: Showed resilience during the global economic uncertainty, reaching around $60,000 in April 2021.
Fourth Halving - Expected in 2024:
Anticipated New Block Reward: 3.125 BTC
Price Speculation: The crypto community awaits the next halving with expectations of potential market dynamics, although precise outcomes remain uncertain.
These statistics highlight the historical impact of Bitcoin halvings, showcasing a pattern where the market experiences increased attention and potential price rallies following each reduction in block rewards. As Bitcoin continues to mature, the dynamics of its halving events contribute to the ongoing narrative of scarcity and long-term value appreciation....
So how much should we expect BTC to peak at this time ?
