10-18-2021, 10:21 PM
We are about the same amount of days since the 2020 halving as when Bitcoin reached
<!-- SC_OFF --><div class="md"><p>The 2016 halving occurred on 10th July. Bitcoin reached its ATH for that cycle (of a little under $20k) on December 17th 2017. That was 17 months and 7 days after the halving.</p> <p>The most recent having occurred on 11th May 2020. That was 17 months and 7 days ago.</p> <p>So we are now at roughly the same stage of the 4 year halving cycle as when Bitcoin reached its previous peak (I say roughly as the halving doesn't occur exactly every 4 years).</p> <p>Does this mean we should be seeing Bitcoin's peak right now? Well, Bitcoin hit its ATH in November 2013 exactly 12 months after the 2012 halving. So the ATH that came after the 2016 halving took about 5 months longer to reach than the ATH that came after the 2012 halving, so one theory is that each cycle from halving to ATH becomes longer. But it's just that- a theory.</p> <p>I'm not much of a TA person (as you can probably tell by my lack of TA terms and diagrams with lines on them). I don't really look at charts. But I am interested in the having cycle and thought I'd share roughly where we currently are in this cycle compared to the previous ones, in case some of you out there find it interesting too.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_grandma"> /u/crypto_grandma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qaj4wz/we_are_about_the_same_amount_of_days_since_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qaj4wz/we_are_about_the_same_amount_of_days_since_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The 2016 halving occurred on 10th July. Bitcoin reached its ATH for that cycle (of a little under $20k) on December 17th 2017. That was 17 months and 7 days after the halving.</p> <p>The most recent having occurred on 11th May 2020. That was 17 months and 7 days ago.</p> <p>So we are now at roughly the same stage of the 4 year halving cycle as when Bitcoin reached its previous peak (I say roughly as the halving doesn't occur exactly every 4 years).</p> <p>Does this mean we should be seeing Bitcoin's peak right now? Well, Bitcoin hit its ATH in November 2013 exactly 12 months after the 2012 halving. So the ATH that came after the 2016 halving took about 5 months longer to reach than the ATH that came after the 2012 halving, so one theory is that each cycle from halving to ATH becomes longer. But it's just that- a theory.</p> <p>I'm not much of a TA person (as you can probably tell by my lack of TA terms and diagrams with lines on them). I don't really look at charts. But I am interested in the having cycle and thought I'd share roughly where we currently are in this cycle compared to the previous ones, in case some of you out there find it interesting too.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_grandma"> /u/crypto_grandma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qaj4wz/we_are_about_the_same_amount_of_days_since_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qaj4wz/we_are_about_the_same_amount_of_days_since_the/">[comments]</a></span>Kind Regards R