After the two-day decline, Bitcoin has brought bloodshed to the copycat market and is currently stabilizing around 64,000.
We are getting closer to the production cut.
👇The following is a summary of Bitcoin’s performance after the first three halvings:
🔺①The first halving: On November 28, 2012, Bitcoin rose steadily from around $10.5 to a peak of around $1,169, a 100-fold increase in a very short time, nearly a year. This kind of market is the so-called bull market, the crazy bull market!
🔺② The second halving: On July 10, 2016, Bitcoin soared from around $646 to around $19,820, a 30-fold increase. This increase took about a year and a half. This market is a bull market, a crazy bull market!
🔺③The third halving: On May 12, 2020, Bitcoin soared from around $8,000 to $69,000, an increase of 7.6 times, which lasted for 1 and a half years. It was not until this bull market that many ordinary people entered the crypto circle and believed in the myth of getting rich quickly created by the cryptocurrency circle!
🔺🔺④The fourth halving: Around April 19, 2024, the block reward will be reduced from 6.25 bitcoins to 3.125;
Considering the three previous bull markets in history, this halving will be no exception, not to mention that the bull market has already started.
If the increase is predicted based on the previous three halvings, the peak of this round of Bitcoin bull market will be above 120,000 US dollars!
It is expected that this round of fluctuations will be more frequent. The US dollar interest rate cut, geopolitics, and the Sino-US economic confrontation, the United States has ETF participation to take the initiative, and the game between the parties will not follow the historical interpretation. Empiricism errors will often be made. #大盘走势 #比特币减半
