The biggest reason for optimism is Bitcoin's price performance after the previous halving events that took place in 2012, 2016, and 2020. In each case, Bitcoin skyrocketed to a much higher price, setting a new all-time high in the process. By the time the 2020 halving cycle was over, Bitcoin had soared to a then-all-time high of $69,000.

Halving Event

Bitcoin Price at Halving

Bitcoin Price

300 Days Later

2012

Near $12

$135

2016

Near $650

Near $1,550

2020

Near $8,600

Over $50,000

2024

Near $64,000

???

#btc70k #BTC☀ #Btcpricealert #EarnFreeCrypto2024 #EarnFreeCrypto2024