Quick Take
The Bitcoin halving on April 20, 2024, sparked considerable interest. In the nearly two months since the event, Bitcoin’s price has increased by over 7%. This positive performance is noteworthy, as it marks only the second time Bitcoin has seen a price rise post-halving at this point in a cycle. This highlights the difficulty of generating immediate gains after such an event.
Examining Bitcoin’s price since last cycle’s all-time high (ATH) in April 2021, Bitcoin is currently about 10% higher. This performance places it between the previous two cycles: the 2017-2021 cycle, which saw a 150% increase from this point, and the 2013-2017 cycle, which experienced a 20% decline.
Comparing cycles from the low in November 2022, when Bitcoin traded around $15,500, the current price surge of roughly 330% is impressive. This outpaces the previous cycles, where the 2018-2022 cycle saw a 183% increase, and the 2015-2018 cycle experienced a 215% rise.
These comparisons emphasize that Bitcoin remains on a consistent path, with its performance aligning well with historical trends despite the inherent volatility and challenges of the market.
The post Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point appeared first on CryptoSlate.
