As you can see in my chart bitcoin is moving in a giant uprising channel, with two halving cycles already completed. The halving-cycles consist of two periods, firstly it is the accumulation/consolidation period where large interest begins to settle in bitcoin and cryptocurrencies and buying large sums of the individual currency before the public begins to enter. The second period is the growth-period where the public and all retail traders enter the surface to get the wave and profit from it. When looking on bitcoins past history we can elevate that the halvings had a direct impact of the growth of bitcoins price.
Bitcoin made an increase in the price of 90.52 times more after the first halving and 28.74 after the second halving which gives an average increase of 59.63 for the whole halving cycles periods when we multiply this number on the next possible cycle developing this gives a result of 550384.9 which is a big number, in fact, the increase in price can be lower but there is a high possibility given that the halving will have a big impact on the price-growth similar as we have seen it already in the last two halvings it is possible that the next halving cycle is similar to the first one.
The next weeks will show how it will play out, note that we had a little dip after the halvings due to supply in the markets from bitcoin miners etc. Also the fact that bitcoin has only 21.000.000 of total supply and every bitcoin halving the reward for miners will be halved makes it a rare and requested asset in the future which is a possible factor for the in price, do you think this was the plan of satoshi or was it a coincidence? As we can see now bitcoin is still in the consolidation-period but this can change after we start to grow in the growth-period.
Great, this should give you a good overview of the current bitcoin-halving-cycle situation, feel free to support for more market insight and all the best to you.
"Success seems to be connected with action as the halving cycle is connected to the bitcoin price growth."
Information provided is only educational and should not be used to take action in the markets.
04 day 14 hours 59 minutes and 21 seconds left