cryptochi1986

Bitcoin Halving Analysis

Long
BNC:BLX   Bitcoin Liquid Index
Bitcoin Halving is the supply reduction event which occurs every 210,000 Blocks until all 21 Million coins are mined. At genesis, there were 50 Bitcoins minted each block. Each block takes 10 minutes hence it would take approximately 4 years to mine 210,000 blocks.

First Halving occurred on November 28, 2012, at block height of 210,000. Afterward Block reward changed to 25 BTC.

On this day the price was $12.24. On November 25, 2013 price reached $1177.19 which became the highest price point before the next halving. So this reflects a price change of 9120% for a period of one year.

Second Halving occurred on July 9, 2016, at block height of 420,000. Afterward Block reward changed to 12.5 BTC.

On this day the price was $649.22. On December 17, 2017 price reached $19,764.51 which became the highest price point before the next halving. So this reflects a price change of 2944% for a period of one and half years.

Third Halving occurred on May 11, 2020, at block height of 630,000. Afterward Block reward changed to 6.25 BTC.

On this day the price was $8580.84. On November 10, 2021 price reached $68,944.62 which became the highest price point before the next halving. So this reflects a price change of 702% for a period of one and half years

Fourth Halving will occur in April or May, 2024, at block height of 840,000. Afterward Block reward will change to 3.125 BTC.

If the current pattern continues, the next highest price point will occur in the 2025 4th Quarter.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.