Based on historical patterns, we expect Bitcoin to halve after 2024.

With only a few weeks to go before the fourth half of BTC's history, crypto analysts, experts and commentators are rushing to give their opinion on what could and will happen in the coming months.

History shows that the price of Bitcoin reacts very positively during a cycle that begins to halve, which is seen in terms of the impact on the network – after all, the production of new BTC is halved, and if there is a demand for the asset to remain the same or increase, the price must also increase. .

Ever wonder what #Bitcoin did in half a day?

In the year In 2012, BTC moved sideways during the half day and then loaded from $12 to $1166 after a decline. That is a 9500% increase in 380 days.

In the year In 2016, BTC also moved sideways for half a day and then fell by -29% in a few… pic.twitter.com/GFoH9R9OvT

— Mags (@thescalpingpro) April 7, 2024

The first half took place at the end of November 2012 and reduced the production rate from 50 BTC to 25 BTC per block. According to famous crypto analyst Mags on Twitter, the price of the cryptocurrency was very slow on the day of the event. However, the following months saw a massive bull run, resulting in a 9,500% gain over a year ($12 to $1,166).

The next in early July 2016 saw the block reward drop by another 50% to 12.5 BTC. On the day of the event, the price of Bitcoin was also stable, but fell by 30% in the first week.

That was short, the largest cryptocurrency went on a roll again in the next 500 days and shot up 4,100% – from $470 to $470 at that time-all-time high close to $20,000.

May 11, 2020, just because of the covid-19-danger, the third is reduced by half. BTC was on a wild ride at the time and dropped 17% in the days leading up to the event.

The subsequent bull run didn't start immediately, but once it did, the price of BTC rose from about $8,700 to its November 2021 ATH of $69,000 (700%).

What's different about the upcoming fourth half is that Bitcoin broke the previous all-time high and charted a new low of $74,000 in early March. Still, it will be interesting to watch the price movement of the property over the next few weeks, on the day of the event, and of course – in the coming months.

Some forecasters are predicting this cycle to be worth around $200,000, and if you want to see a very useful strategy for hiring before and after each half day, click here.