An analysis of Bitcoin vs US Dollar performances after every halving. Bitcoin halving is a programmed event roughly every four years that cuts the reward for miners in half, reducing the new supply of bitcoins entering circulation. Usually bitcoin shows un upward movement after halving. We are analyzing how the bitcoin cycles showed patterns The following are teh insights;
Bitcoin increases in price after halving
a potential investor may purchase the asset 6 months before the halving and sell 18 months after the halving and make profit in all the cycles
there is diminishing returns from cycle to the next.
in the current cycle (Starting April 19, 2024), there is a potential of reaching $220,000 maximum price by 2025
Bitcoin increases in price after halving
a potential investor may purchase the asset 6 months before the halving and sell 18 months after the halving and make profit in all the cycles
there is diminishing returns from cycle to the next.
in the current cycle (Starting April 19, 2024), there is a potential of reaching $220,000 maximum price by 2025
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