2024-08-07 07:49:27

Since the Halving in April 2014, the downward trend of BTC has begun to resemble the market trend before the Bull Market in 2016.

The analyst stated in the x post on August 5th that "the BTC downward trend since the Halving is now similar to the downward trend during the 2015-2017 Halving Bull Market cycle." Brandt compared the Depth of market adjustments since the Halving and pointed out that they are very similar.
In 2016, the BTCHalving occurred on July 9, with the asset price at $650 that day. The market fell to a subsequent low of $474 within that period, a 27% decrease in the month following the Halving, then surged to a cycle high of $20,000 in December 2017.
Similarly, BTC recently fell below $50,000, currently down 26% from the price of $64,962 after the Halving.

BTC-1,98%

X-4,47%

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