40 Days Until Bitcoin Lifts Off...According to This Historical Chart
TL;DR
Turns out, over the past two Bitcoin halving events there has been a run up in price that starts three months before the halving actually happens.
And if history were to repeat itself this coming halving (which is due to take place in late April 2024), then this pre Bitcoin halving run should start in, ah...In about 40 days (on November 21st 2023, to be exact).
Just because something has happened in the past and you find a cool looking chart that shows a pattern, doesn't mean it's going to happen again.
BUT! While history doesn't always repeat itself...but it often rhymes.
Full Story
Sure, you've heard of the Bitcoin halving run...
The amount of BTC being released on to the market each day gets cut in half, lowering the supply, while demand stays steady.
Lowered supply + steady demand = price run up (aka the bull run).
...but have you heard of the pre Bitcoin halving run?
We hadn't until yesterday.
Turns out, over the past two Bitcoin halving events there has been a run up in price that starts three months before the halving actually happens.
And if history were to repeat itself this coming halving (which is due to take place in late April 2024), then this pre Bitcoin halving run should start in, ah...
In about 40 days (on November 21st 2023, to be exact).
Now. Time for a healthy dose of reality:
Just because something has happened in the past and you find a cool looking chart that shows a pattern, doesn't mean it's going to happen again.
The (financial) world is a very different place today, than it was in 2016 and 2019.
Oh, what? You want us to lean in to the hopium, given we're in the depths of a bitter crypto winter and you need your spirits lifted?
Say no more, king.
Here's an intentionally vague sentence that alludes to good things coming over the horizon, without constituting financial advice:
History doesn't always repeat itself...but it often rhymes.