The dates for the first two halvings and the projected date for the third are given in the table below.Bitcoin tends to retrace prior to its Halvings
— Rekt Capital (@rektcapital) October 1, 2019
Previously, $BTC saw a -38% retrace prior to Halving 2
And a -50% retrace prior to Halving 1
Is this current ~40% downside in BTC's price the retrace prior to Halving 3?https://t.co/4StGraQAaQ#Bitcoin #Crypto
Date | |
First Halving | November 26, 2012 |
Second Halving | June 11, 2016 |
Third Halving | May 17, 2020 |
- The price reached a bottom before halving and began an upward move.
- The rate of increase is moderate prior to halving
- The rate of increase is rapid after halving.
The First Halving
The first halving occurred on Nov 26, 2012. Prior to, Bitcoin’s price dropped by 93.73%, reaching a low of $2.01 on November 18, 2011. An upward move ensued, lasting 508 days and culminated with a high of $268.67 on April 10, 2013. This amounts to an increase of 13,294%.![BTC Price](https://beincrypto.com/wp-content/uploads/2019/10/qwe-3.jpg.optimal.jpg)
Second Halving
The second halving occurred on June 11, 2016. Prior to this, BTC decreased by 86.22%, reaching a low of $163.88 on Jan 14, 2015. An upward move ensued, lasting 1068 days and culminating with a high of $19,764 on Dec 17, 2017. This amounted to a total increase of 12,161%.![](https://beincrypto.com/wp-content/uploads/2019/10/rererererer.jpg.optimal.jpg)
Third Halving
The third halving is projected to occur on May 17, 2020. The price decreased by 84.1% and reached a low of $3148.33 on Dec 15, 2018. Assuming an increase of 12,500% (Average of the increases of halvings 1 and 2), we get a price of nearly $400,000 as a new target high after the halving.![BTC Price](https://beincrypto.com/wp-content/uploads/2019/10/tetetetetetet.jpg.optimal.jpg)
Images are courtesy of Twitter, TradingView.
Trusted
Disclaimer
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