According to the history (which tends to repeat itself), we should be seeing the next bull-cycle in 2 years. I know – SO FAR AWAY. But hey – more time to accumulate!
Bitcoin price correlates to the halving.
The halving, which occurs when the supply of new bitcoins is cut in half, is one of the most important transactions on the blockchain of Bitcoin. Each halving slows the rate of inflation, which pushes the price of bitcoin upward.
For each successfully mined block as of 2022, bitcoin miners will receive 6.25 bitcoins. The block reward will be halved again in 2024, dropping to 3.125.
Keep in mind: The effect of each halving will gradually lessen as the block reward gets closer to zero.
- next halving will have a lesser effect on the price!
Want to know the date?
You can watch the clock here: Bitcoin Halving Clock
The price pumps later - not on the exact date!!!
In 2020 the halving occurred on the 11. May, a significant push came 5 months later - in October!
So what are you doing? Are you accumulating or selling?
