One way that is often used to basically describe time through crucial events, are the Bitcoin Halvings. Events where the block reward of BTC gets reduced by 50% thus the inflation of Bitcoin also falls, this time inflation will even fall below the 1% mark. Often we say that in a bear market we are just waiting for the next Halving as that could most likely bring in a new rally.
Especially this time there has been calls that “it is very different“ than during previous times as we had recessions and other macro events happening for the first time in Cryptos but if we solely look at the price structure there has been some big similarities to previous Halving cycles.
Chart from Blockware Solutions
Here we can see how the price has played out since each Halving until the next one. Here we can see that just everytime we had a massive bull run happening a few months after the halving, then slowly after about 500 days we had the bull run exhausting and a bear market setting in.
Interestingly each time the bear market bottom has been getting later and later in the timeline, in 2018 it was later than in 2015 and now in 2022 it is later than in 2018 too as we made fresh lows at $15k after it. On the other hand the return to a rally after the bottom has been coming quicker. In 2018 it was before 2015 and now in 2023 it was quicker than in 2018 at the timeline.
What do you think, do the similarities have something to do with a never-ending cycle of greed and depression?
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