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How Many Days Until bitcoin's Price Moves After the Halving?

Let's explore the history of Bitcoin and it's price charts.

How many days until bitcoin's price moves into new major multiples?

By the end of this blog, you'll have information on:

⚡ Dates of each bitcoin halving.
⚡ The approximate price at every halving.
⚡ How long did it take for price to move after a halving.
⚡ How long did it take to break its previous All Time High price.
⚡ How long did the price run for in days and percentage.
⚡ When can we expect the price to move in 2024.
⚡ Has all of this happened before?

If you want answers to those questions, you made it to the right place.

Halving 1 of 32 | Date: 28 November 2012

Price at time: $12.16 US per bitcoin
Previous All Time High: $31.95 in June 2011.
Reward half: 50 BTC per block down to 25 BTC per block.

Following the halving, Bitcoin experienced a consolidation phase for 40 days with minimal movement. On the 50th day after the halving, Bitcoin saw a notable uptrend, posting a 5.8% daily bullish candle at $15.56. It then surpassed the previous all-time high 91 days after the halving, marking a significant 169.35% increase.

By day 133, Bitcoin's price had soared to $280 per coin, representing a remarkable 2,144% surge from the first Bitcoin halving date. Subsequently, Bitcoin underwent a pullback lasting 88 days before embarking on another impressive rally, reaching $1,245 per coin. This surge amounted to a staggering 10,393% increase from the first Bitcoin halving date, spanning a total of 368 days.

Halving 2 of 32 | Date: 9 July 2016

Price at time: $655 US per bitcoin
Previous All Time High: $1,245 in December 2013.
Reward half: 25 BTC per block down to 12.5 BTC per block.

Just 23 days after the halving, Bitcoin experienced a significant drop of 26.84%. However, it took 109 days for Bitcoin to recover back to the price of the second halving.

Following this recovery, bitcoin traded for 236 days before finally breaking the previous all-time high of $1,245 per bitcoin. This breakthrough occurred after a total of 524 days from the 2nd bitcoin halving date.

The journey didn't end there. Bitcoin continued its impressive run, reaching a new all-time high on December 19, 2017, at $19,819 per Bitcoin. This remarkable milestone represented a staggering 2,989.52% increase from the second halving date.

Halving 3 of 32 | Date: 11 May 2020

Price at time: $8,628 US per bitcoin
Previous All Time High: $19,819 in December 2017.
Reward half: 12.5 BTC per block down to 6.25 BTC per block.

Following the halving, bitcoin underwent a period of sideways consolidation lasting 70 days before showing any significant upward movement. On the 77th day after the third halving, bitcoin experienced a notable 11.62% increase in price.

Bitcoin continued to advance, ultimately breaking the previous all-time high 203 days after the third halving date. It reached its first major all-time high 339 days after the halving, soaring to $64,617 per coin.

After reaching this milestone, Bitcoin experienced a 54% decline before embarking on another rally, breaking a new all-time high at $69,000 per coin. This occurred 550 days after the third Bitcoin halving date, representing a solid 678.11% increase from the halving date.

Halving 4 of 32 | Date: 19 April 2024

Price at time: $63,752 US per bitcoin
Previous All Time High: $73,841 on 14th March 2024.
Reward half: 6.25 BTC per block down to 3.125 BTC per block.

Remarkably, for the first time in four halving cycles, Bitcoin was already at an all-time high just 37 days before the halving. This was uncharted territory for Bitcoin.

What we know from past data is that it typically takes more than 40 days for any major price movements to occur after a halving event. This suggests that patience is required as miners adjust to the reduced reward of 3.125 bitcoins per block. They are currently recalculating their profit and loss considering energy costs and efficiencies, a process that takes time.

Additionally, there has been a sell-off, reminiscent of the second halving. However, this situation is unique because Bitcoin's price has increased by 117.63% year-to-date, unlike previous halvings. As a result, some investors with weaker resolve may choose to take profits during this period.

Based on data from previous halvings, significant advances typically occurred after 40, 70, 106, 203, and 336+ days. This suggests that bitcoin may consolidate until the end of May, June, or possibly November 2024.

Patience is crucial during this period. Understanding Bitcoin, its technology, its mission, and its role as a hedge against traditional finance will provide reassurance. The great news, you'll may have more opportunities to dollar-cost average (DCA) before any major moves occur.

Here are some interesting facts to consider:

  1. bitcoin has never broken an all-time high 30 days before a halving.
  2. Once Bitcoin passes its 108th day after a halving, it never returns to the halving price again.

If history repeats itself, by August 5th, which coincidentally is my birthday, we may never see Bitcoin trade below $63,752 again.

Bitcoin Saves Our Future.

Thank you for reading.

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