$BTC With less than 5 days until the halving, I wanted to share with you a few little statistics about what awaits us.
What happened in 2016?
What do the numbers tell us about the halving?
On July 9, the date of the 2016 halving, the price was in the $650 range. At the same time, #Bitcoin #Dominance had almost complete dominance with 98% $BTC !
What happened after the halving?
Approximately 1.5 years (526 days) after the halving, on January 13, 2018, it crashed to #Bitcoin #Dominance 35.41% level and was at $14620 on the same date. On December 17, 2017, when it reached its top, the price of $19666 was about 27 days away. In other words, both the dominance decreased and the price increased.
What happened in 2020?
What do the numbers tell us about the halving?
On May 11, 2020, the halving date, $BTC price was at $8181. #Bitcoin #Dominance was again at a very high level with 68.14%.
What happened after the halving?
On November 10, 2021, approximately 1.5 years (549 days) after the halving, it reached its historical record with #Bitcoin 69000$. At that time, #Dominance was at a very low level of 43.27%, and on September 15, it reached the bottom level with 40.28%. In other words, both the dominance had decreased and #Bitcoin had increased.
So what awaits us?
We cannot deny the fact that we watch similar movements every halving cycle. When Bitcoin sees its top, it does not find a dominance bottom in a correlated way, but there is a period of 1 or 2 months between the Bitcoin record and the dominance bottom and there is not an extremely high difference in price.
If we will see a movement similar to other halvings from the halving that will occur on April 21, we can say that we will see the new peak in September 2025. We cannot say that the prediction that dominance will decline is unreasonable.
