What is the historical impact of the Bitcoin goldmine halving on BTC price trends (2)

in #cryptocurrency • last year

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With every Bitcoin halving, price analysis has revealed consistent trends. Bitcoin's value peaked at $665 in 2016 and then dropped to half a year later, reaching $2,250.

In May of 2020, the price of Bitcoin was $8,740, which marked the halving. In the same year, Bitcoin reached a record high of $29,000. Because every previous cycle of the Bitcoin halving has been followed by a bullish market trend, predictions indicate that the 2024 cycle will be no different.

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