Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point
Quick Take
The Bitcoin halving on April 20, 2024, sparked considerable interest. In the nearly two months since the event, Bitcoin’s price has increased by over 7%. This positive performance is noteworthy, as it marks only the second time Bitcoin has seen a price rise post-halving at this point in a cycle. This highlights the difficulty of generating immediate gains after such an event.
Examining Bitcoin’s price since last cycle’s all-time high (ATH) in April 2021, Bitcoin is currently about 10% higher. This performance places it between the previous two cycles: the 2017-2021 cycle, which saw a 150% increase from this point, and the 2013-2017 cycle, which experienced a 20% decline.
Comparing cycles from the low in November 2022, when Bitcoin traded around $15,500, the current price surge of roughly 330% is impressive. This outpaces the previous cycles, where the 2018-2022 cycle saw a 183% increase, and the 2015-2018 cycle experienced a 215% rise.
These comparisons emphasize that Bitcoin remains on a consistent path, with its performance aligning well with historical trends despite the inherent volatility and challenges of the market.
The post Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point appeared first on CryptoSlate.
Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point
Quick Take
The Bitcoin halving on April 20, 2024, sparked considerable interest. In the nearly two months since the event, Bitcoin’s price has increased by over 7%. This positive performance is noteworthy, as it marks only the second time Bitcoin has seen a price rise post-halving at this point in a cycle. This highlights the difficulty of generating immediate gains after such an event.
Examining Bitcoin’s price since last cycle’s all-time high (ATH) in April 2021, Bitcoin is currently about 10% higher. This performance places it between the previous two cycles: the 2017-2021 cycle, which saw a 150% increase from this point, and the 2013-2017 cycle, which experienced a 20% decline.
Comparing cycles from the low in November 2022, when Bitcoin traded around $15,500, the current price surge of roughly 330% is impressive. This outpaces the previous cycles, where the 2018-2022 cycle saw a 183% increase, and the 2015-2018 cycle experienced a 215% rise.
These comparisons emphasize that Bitcoin remains on a consistent path, with its performance aligning well with historical trends despite the inherent volatility and challenges of the market.
The post Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point appeared first on CryptoSlate.