The next Bitcoin halving is expected in April 2024. It's difficult to predict the exact date as it depends on the block height. Since halving occurs every 210,000 blocks, the next Bitcoin halving is expected in April 2024 when the block height reaches 840,000.
Positive sentiments surrounding the Bitcoin halving have historically been associated with price fluctuations, as some investors anticipate price increases after the halving.
Although historically Bitcoin prices have tended to increase after halving, it's important to consider that this trend is not guaranteed, and we cannot predict future price dynamics. Price trends will depend on circumstances in 2024 related to the Bitcoin halving event, including further adoption and other demand-related factors.
Below are the price jumps in BTC after the halving.👇
Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with this period in 2020). On the day of the halving, the price of Bitcoin was approximately $12. Forty-one days later, the price significantly increased to approximately $130, demonstrating significant growth. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after it, there was a significant price increase.
For a long time from 2013 to 2015, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2024 halving). In 2015, the price remained in a consolidation zone for some time and began to form a inverted wedge (orange color). On the day of the halving, the price of Bitcoin was approximately $660. By January 9, 2017, the price had increased to approximately $900, indicating significant growth in value over six months. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase.
Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with the 2012 period). The price of Bitcoin was approximately $8,600 on the day of the halving, and six months later, around November 11, 2020, it had risen to more than $15,700. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase.
For a long time from 2021 to 2022, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2016 halving). In 2022, the price remained in a consolidation zone for some time and began to form an inverted wedge (orange color). On the day of the halving (which will take place in April of this year), the price of Bitcoin is likely to be within the boundaries of the orange wedge. Immediately after the halving, the price will form a small wedge, resembling an accumulation zone, and after that, there will likely be a significant price increase.
Why am I making such a forecast? Because every previous time it happened just like this! This halving is more similar to the one in 2016 based on price movements!
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