Bitcoin completed its fourth halving in April 2024, reducing the block reward from 6.25 BTC to 3.125 BTC.
Historical Performance After Halvings:- After the 2012 halving: approximately 9000% increase
- After the 2016 halving: approximately 3000% increase
- After the 2020 halving: approximately 700% increase
- ETFs bringing institutional funds into the market
- Macroeconomic environment: Federal Reserve's interest rate cut cycle
- On-chain data: Long-term holders at an all-time high
- Rising miner costs, reduced selling pressure
Although each cycle has seen diminishing returns, considering institutional entry and global monetary expansion, the peak of this bull market could be in the range of $150,000 to $200,000.
HODL！??
