Right before the first halving in 2012, BTC cost around $12. | Kryptonomy på Binance Square

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Right before the first halving in 2012, BTC cost around $12. In anticipation of the upcoming halving and thanks to other events coinciding with this event, the asset peaked at a price of over $1,200 after the first halving.
#bitcoinhalving #bullrun $BTC #btc #BitcoinHalving2024 #Write2Earn 

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What do you think the ATH will be for $BTC in this 🐂 Bull run? #Write2Earn #BTC #ATH #DYOR

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The past analysis is needed to understand whether the history will be repeated or not. Do you agree? Here are some coins I have and their all-time highs of previous bull runs. Summary Statistics of Days Difference from BTC's High Minimum: 279 days before BTC's high. Median: 34.5 days before BTC's high. Maximum: 21 days after BTC's high. Mean: Approximately 119.5 days before BTC's high. Insights and Trends: A significant number of tokens reached their all-time highs close to when BTC did, suggesting a possible market trend where altcoins tend to follow BTC's performance, especially in periods leading to or immediately following its peak moments. The wide range in the day's difference (from 279 days before to 21 days after BTC's high) indicates diverse market behaviors among cryptocurrencies. Some might react more quickly to market trends, while others may take longer to reach their peak or do so independently of BTC. The clustering of all-time highs within specific months might suggest periods of increased market activity or optimism. For example, May 2021 appears to be a particularly significant month for many tokens, closely aligning with BTC's peak period. #BTC #Write2Earrn #BullRun🐂 #DYOR

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