dilutionproof on Nostr: So far, the bitcoin price the same dance every halving cycle (~4 years) 💃🕺 ...
So far, the bitcoin price the same dance every halving cycle (~4 years) 💃🕺
After the block subsidy halves, price rises gradually and then suddenly during the first ~1-1,5 years, then cools down and bottoms below the realized price ~1 year later and consolidates above it during the remainder of the cycle 🔄
We are now at that latter part of the cycle 👀
Next halving is estimated to occur in just over a year (~April 23rd, 2024) 🗓️
After the block subsidy halves, price rises gradually and then suddenly during the first ~1-1,5 years, then cools down and bottoms below the realized price ~1 year later and consolidates above it during the remainder of the cycle 🔄
We are now at that latter part of the cycle 👀
Next halving is estimated to occur in just over a year (~April 23rd, 2024) 🗓️