I am surprised there aren't more charts about this on Trading View. This is an updated chart showing each of BTC's halvings and its correlation with the price of BTC. Historically, Bitcoin has broken its previous all time high a few months after each halving. Once the previous all time high is broken, it has always led to a parabolic bull run that lasts a little less than a year (marked in green). These bull runs are then followed by a crash and bear market that lasts a little longer than a year (marked in red) where prices settle up higher than the all time high before it. There is then a long period of accumulation after the crash bottoms (marked in grey), upwards of 2 years, before the next halving in which there are decent gains before the cycle starts all over again.
As of December 19, 2020, Bitcoin has recently broke its all time high. If BTC plays out like it historically as, this means it should be entering a parabolic bull market of a little less than a year. Assuming even less of a % gain than the last bull market, this would put BTC at over $100,000 per coin by October-November of 2021 before entering a bear market in 2022.
As of December 19, 2020, Bitcoin has recently broke its all time high. If BTC plays out like it historically as, this means it should be entering a parabolic bull market of a little less than a year. Assuming even less of a % gain than the last bull market, this would put BTC at over $100,000 per coin by October-November of 2021 before entering a bear market in 2022.