Bitcoin halving time is decreasing and meanwhile the market is going down! Why is this happening?
Assalamu Alaikum
| Halving 2012 |
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The first halving happened in 2012 and 18 days before the halving Bitcoin was -46% down from its all-time high.
| Halving 2016 |
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Then the second halving happened in 2016 and before the halving Bitcoin was down -41% from its all-time high.
| Halving 2020 |
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The third halving is in 2020, and 18 days before the halving, Bitcoin is down -62.5% from its all-time high.
| Next Halving 2024 |
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And the fourth halving will happen in 2024 with only 17 days left, currently Bitcoin is -10% down from its all-time high.
I think Analysis from past events
This means that Bitcoin is still in a very good position.
I think Halving is not much time left so this down is very limited time, market is preparing itself for big pump now.
A very good time to organize your portfolio for BullRun.
.webp)
You can see the history of Bitcoin, every time before BullRun in the past
Bitcoin was down, so I think since the halving is not too late, Bitcoin is going to pump the market very soon.
Don't sell coins out of fear again at this time.
Ending here today, everyone be well, Allah-Hafez,
Although it is difficult to say for certain when Bitcoin will go down before the halving or after the halving. But we usually see a downfall in the market before the halving. In the data you mentioned we can see that the 2020 halving has gone to the highest down which is -62.5%. But compared to the previous downfalls of all the other halving events, this time i.e. before the 2024 halving, we see the least downfall, from which we hope that this time we are going to see this extraordinary game of Bitcoin.
Well from your analysis here definitely it shouldn't come as a surprise then that bitcoin is going down, is just history playing out as always as we approach bitcoin halving date.
Very nice discussion about Bitcoin halving time. If we consider the previous history, then the price of Bitcoin increased many times after halving. Thank you very much for sharing such a beautiful educational post with us.
You gave a very nice explanation about bitcoin halving time. And this Bitcoin has increased so much that it is unbelievable that we never imagined that it will increase so much in such a short period of time. Thank you for presenting such a nice post to all of us.