Bitcoin halving affects on Market in Last cycles:
1. First $BTC Halving (November 2012):
- Reduced the block reward to 25 BTC from 50 BTC.
- Price at time of halving: $13
- Following year’s peak: $1,152
- Increase: 89x 📈
2. Second BTC Halving (July 2016):
- Reduced the block reward to 12.5 BTC.
- Price at time of halving: $664
- Following year’s peak: $17,760
- Increase: 27x 📈
3. BTC’s Third Halving (May 2020):
- Reduced the block reward to 6.25 BTC.
- Price at time of halving: $9,734
- Following year’s peak: $67,549
- Increase: 7x 📈
What's your prediction for #BTC after halving 2024?
P.s. check out predictions by crypto veterans in my pinned comment👇