The last Bitcoin halving occurred in mid-April. Since then, Bitcoin miners have only received half as much Bitcoin for their services as before. Initially, this was not appropriate, and the period surrounding the halving is often very turbulent. However, the price rose sharply again in the past. It remains to be seen whether this will happen again, but many analysts believe so.

🚀 Dutch Stock Exchange Celebrates Bull Market: Everyone Gets Free Cryptocurrencies of Their Choice

Further rise in Bitcoin in possibility?

The Internet is now full of analyzes of what happened in the past after each half. We now have four. The price rose three times before last April and then dramatically increased. After the first halving at the end of 2012, the price rose by about 9,000%. After the second halving in 2016, we saw a price explosion of ~2600%, and in 2020 we saw an explosion of ~600%.

You could even say that the halving was one of the main reasons for the rise in prices. We now have four “official” bull markets, three of which occurred at about the halving point. The first bull market happened shortly after Bitcoin was created, so it doesn’t really matter. If the current increase continues, all bull markets except 2011 will occur around half.

On social media platform X, Bitcoin analyst “Root” shows that 3% of the four-year cycle has already passed. He points out that this would certainly lead to another increase. At least, judging by the past, yes. The exact same story was told by his fellow trader Titan or crypto.

Reducing the advance in half by 3%. #Bitcoin pic.twitter.com/mFLZdQy0aW

— The Root 🥕 (@therationalroot) June 6, 2024