Bitcoin aims at big bull: comparison chart of 2016 and 2024 halving reveals future trend

By comparing the impact of the Bitcoin halving event in 2016 and 2024, the future trend can be inferred. From the chart, it can be seen that after the halving on July 9, 2016, the Bitcoin price continued to rise and showed a strong growth trend in the next 254 days. At the halving on April 20, 2024, the BTC price is almost completely aligned with the trend in 2016. By aligning the bear market bottom in 2015 with the bear market bottom in 2022, the chart highlights the price changes before and after the two halvings.

 

From the chart, it can be seen that the price trend before the halving on April 20, 2024 (black line) is similar to the trend before and after the halving on July 9, 2016 (red line), both showing significant bull market prospects. This also provides an important reference for the market - the Bitcoin price may move towards higher value in the months after the halving.

 

With the approach of the 2024 halving, the market's expectations for the price of Bitcoin have once again heated up. Especially against the backdrop of the 2024 halving, the price performance of BTC may follow a similar upward path as in 2016, indicating a potential bull market in the coming months.

Data Highlights:

-2016 Halving (Red Line): The rise in BTC price began 254 days after the halving, showing a strong market rebound.

Halving in 2024 (black line): The current trend is consistent with 2016. If the historical pattern continues, it may usher in a bull market.

 

Market participants and investors should closely monitor the upcoming halving event and prepare for possible market changes.