Is the Bitcoin bull market coming? What does historical data indicate?
The halving is approaching, and the bull market is coming! One of the most intriguing questions in the encrypted world is when will the next bull market of Bitcoin start. When we look back at history, we find that there was a substantial pump in price after the halving event. So, what does the halving in 2024 mean for us? Reviewing the past bull markets: Halving in 2016: The first halving occurred in July 2016. About 160 days after the event, the bull market started and continued to pump for 17 months, reaching a peak of $20,000 in December 2017. 2020 Halving: The second halving occurred in May 2020. 154 days later, the bull market started and lasted for an amazing 12 months, reaching an incredible peak of $69,000 in April 2021. 2024 Halving: After the last halving on April 20, 2024, historical trends indicate that a bull market may start around 150-200 days later, around September or October 2024. What is your prediction? When do you think the bull market will start in 2024? Share your predictions in the comments and let's get ready for this exciting event together!
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Is the Bitcoin bull market coming? What does historical data indicate?
The halving is approaching, and the bull market is coming!
One of the most intriguing questions in the encrypted world is when will the next bull market of Bitcoin start. When we look back at history, we find that there was a substantial pump in price after the halving event. So, what does the halving in 2024 mean for us?
Reviewing the past bull markets:
Halving in 2016: The first halving occurred in July 2016. About 160 days after the event, the bull market started and continued to pump for 17 months, reaching a peak of $20,000 in December 2017.
2020 Halving: The second halving occurred in May 2020. 154 days later, the bull market started and lasted for an amazing 12 months, reaching an incredible peak of $69,000 in April 2021.
2024 Halving: After the last halving on April 20, 2024, historical trends indicate that a bull market may start around 150-200 days later, around September or October 2024.
What is your prediction?
When do you think the bull market will start in 2024? Share your predictions in the comments and let's get ready for this exciting event together!