TL; DR
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It turns out that the past two Bitcoin halving events have seen a three-month price increase for the halving actually happens.
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And if history were to repeat itself this upcoming halving (which will take place at the end of April 2024), then this pre-Bitcoin halving should start in, ah…In about 40 days (on November 21, 2023, to be precise).
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Just because something happened in the past and you find a cool looking chart that shows a pattern doesn’t mean it will happen again.
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BUT! Although history does not always repeat itself… but it often rhymes.
Full story
Of course you’ve heard about Bitcoin’s halving…
The amount of BTC released to the market each day is halved, reducing supply while keeping demand stable.
Reduced supply + steady demand = price increase (also called the bull run).
…but have you heard of the pre Bitcoin halving?
We didn’t have that until yesterday.
It turns out that the past two Bitcoin halving events have seen a three-month price increase for the halving actually happens.
And if history were to repeat itself this upcoming halving (which will take place at the end of April 2024), then this pre-Bitcoin halving should start in, ah…
In about 40 days (on November 21, 2023, to be precise).
Now. Time for a healthy dose of reality:
Just because something happened in the past and you find a cool looking chart that shows a pattern doesn’t mean it will happen again.
The (financial) world looks very different today than in 2016 and 2019.
Oh what? You want us to do that scanty in to the hopiumSince we are in the middle of a bitter crypto winter and you want to brighten your mood?
Say no more, king.
Here’s an intentionally vague sentence that hints at good things on the horizon, without being financial advice:
History does not always repeat itself, but often rhymes.
