The Bitcoin halving cycle refers to a mechanism on the Bitcoin blockchain where every approximately four years, miners’ rewards are halved. Specifically, every 210,000 blocks (roughly four years), the mining reward decreases by half. This mechanism is designed to control Bitcoin’s inflation rate and ultimately limit its total supply to 21 million.
Halving history:
– First halving: November 28, 2012, the reward reduced from 50 BTC to 25 BTC.
– Second halving: July 9, 2016, the reward decreased from 25 BTC to 12.5 BTC.
– Third halving: May 11, 2020, the reward reduced from 12.5 BTC to 6.25 BTC.
– Fourth halving: On April 19, 2024, the reward will decrease from 6.25 BTC to 3.125 BTC.
After each halving cycle, Bitcoin has shown a very promising bullish market trend.
In the first halving cycle, Bitcoin’s price trend performance was notable: After the halving on November 28, 2012, Bitcoin showed an overall oscillating upward trend with a significant increase in funds inflow, driving the price of BTC. The overall increase reached a staggering 10,041.67%.
Bitcoin price performance during the second halving cycle: After the halving on July 10, 2016, Bitcoin initially entered a brief period of oscillation. Subsequently, the price surged like a rocket, continuing to rise steadily, forming a very standard one-way upward trend opportunity. This also brought many investors a very good chance to earn excess profits. During this period, the overall price of BTC soared by 2960.28%.
Bitcoin price trend during the second halving cycle: After the halving on November 28, 2012, Bitcoin showed an overall oscillating trend, with a continuous rise and a large influx of funds, boosting the price of BTC. This overall increase reached a staggering 10,041.67%.
The price performance of Bitcoin during the third halving cycle. After the halving on May 12, 2020, the Bitcoin price mainly exhibited a volatile pattern, gradually accumulating sufficient upward momentum. Subsequently, the price entered a unidirectional oscillating trend, providing a rebound opportunity that offered a 634.41% profit return for crypto enthusiasts. Such an opportunity is even more exciting.
Bitcoin Price Performance in the Fourth Halving Cycle: After the halving on April 19, 2024, the overall BTC price is currently in a bottom consolidation pattern. Once the price successfully breaks above the upper edge of the consolidation range, the true Bitcoin bull market will be poised to unfold. This is the key moment for us to earn excess profits.
The Bitcoin bull market will inevitably arrive, let us witness this historic moment together.
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