{"id":603690,"date":"2024-04-17T20:00:25","date_gmt":"2024-04-17T20:00:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=603690"},"modified":"2024-06-11T07:06:38","modified_gmt":"2024-06-11T07:06:38","slug":"historical-trends-bitcoin-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/historical-trends-bitcoin-price\/","title":{"rendered":"Historical Trends Show What To Expect For Bitcoin Price Following The Halving"},"content":{"rendered":"

The 2024 Bitcoin halving <\/a>is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these.<\/p>\n

Bitcoin Price Trends For Previous Halvings<\/h2>\n

There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened on July 9, 2016, and the last one was on May 11, 2020.<\/p>\n

Related Reading: Arbitrum\u2019s Massive $107 Million Token Unlock Threatens To Send Price Below $1<\/a><\/div>\n

For the purpose of this report, only the last two halving will be referenced given that adoption had began to climb at the time that these two happened. The 2016 halving<\/a> happened when Bitcoin was trading around $650, but in the weeks following the halving, the BTC price would drop another 30%, reaching as low as $460 before climbing back up once again.<\/p>\n

\"Bitcoin<\/p>\n

BTC price crashed 30% post-halving in 2016 | Source: Tradingview.com<\/pre>\n

Then, during the 2020 halving, the BTC price<\/a> was trending just under $10,000, and following the halving<\/a>, would see a drop in price as well. However, this drop was not as significant as the 2016 drop, with the BTC price only falling around 15% during this time.<\/p>\n

\"Bitcoin<\/p>\n

BTC price crashed 15% post-halving in 2020 | Source: Tradingview.com<\/pre>\n

This has formed quite a trend with the halving, where the Bitcoin price falls after the event,\u00a0which is expected to be bullish. Therefore, if this trend continues, then BTC<\/a> could see a sharp drop in price despite the expectation that the halving will be bullish for price.<\/p>\n

However, it is important to consider that subsequent halvings have seen a lower post-halving crash<\/a> compared to their predecessors. So, if this holds this year, Bitcoin could still be looking at a crash but to a much lesser degree. For example, the 2020 post-halving crash was half of the 2016 post-halving crash, so holding this trend, the crash this time around could only be an around 7-8% crash.<\/p>\n

BTC Deviates From Established Halving Trends<\/h2>\n

While the historical data does suggest where Bitcoin could be headed following the crash, it is also important to note that the digital asset has deviated from a number of pre-halving trends<\/a>. One of these deviations is the fact that the Bitcoin price hit a new all-time high before the halving, something that has never happened before. This could suggest that there will be a complete deviation from these established trends, meaning that a crash may not follow the halving after all.<\/p>\n

Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts<\/a><\/div>\n

Another deviation is that the few weeks leading up to the last two Bitcoin halvings<\/a> have been green. However, in 2024, the last three weeks leading up to the halving have been red as the BTC price<\/a> has been in decline. This also lends credence to the fact that there could also be a deviation from its post-halving trends.<\/p>\n

One thing to keep in mind though, is that the crypto market has always been uncertain and Bitcoin has a habit of doing what no one expected. The Bitcoin Fear & Greed Index<\/a> has seen a pull back from the extreme greed territory, but it continues to remain in greed, which means investors are still bullish. In this case, if Bitcoin were to do the opposite of what is expected, then it could follow the established trend and crash back down.<\/p>\n

\"Bitcoin<\/p>\n

BTC deviates from pre-halving trend | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened on July 9, 2016, and the last one was on May 11, 2020. Related Reading: Arbitrum\u2019s Massive $107 Million Token Unlock Threatens To Send Price Below $1 For the purpose of this report, only the last two halving will be referenced given that adoption had began to climb at the time that these two happened. The 2016 halving happened when Bitcoin was trading around $650, but in the weeks following the halving, the BTC price would drop another 30%, reaching as low as $460 before climbing back up once again. BTC price crashed 30% post-halving in 2016 | Source: Tradingview.com Then, during the 2020 halving, the BTC price was trending just under $10,000, and following the halving, would see a drop in price as well. However, this drop was not as significant as the 2016 drop, with the BTC price only falling around 15% during this time. BTC price crashed 15% post-halving in 2020 | Source: Tradingview.com This has formed quite a trend with the halving, where the Bitcoin price falls after the event,\u00a0which is expected to be bullish. Therefore, if this trend continues, then BTC could see a sharp drop in price despite the expectation that the halving will be bullish for price. However, it is important to consider that subsequent halvings have seen a lower post-halving crash compared to their predecessors. So, if this holds this year, Bitcoin could still be looking at a crash but to a much lesser degree. For example, the 2020 post-halving crash was half of the 2016 post-halving crash, so holding this trend, the crash this time around could only be an around 7-8% crash. BTC Deviates From Established Halving Trends While the historical data does suggest where Bitcoin could be headed following the crash, it is also important to note that the digital asset has deviated from a number of pre-halving trends. One of these deviations is the fact that the Bitcoin price hit a new all-time high before the halving, something that has never happened before. This could suggest that there will be a complete deviation from these established trends, meaning that a crash may not follow the halving after all. Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Another deviation is that the few weeks leading up to the last two Bitcoin halvings have been green. However, in 2024, the last three weeks leading up to the halving have been red as the BTC price has been in decline. This also lends credence to the fact that there could also be a deviation from its post-halving trends. One thing to keep in mind though, is that the crypto market has always been uncertain and Bitcoin has a habit of doing what no one expected. The Bitcoin Fear & Greed Index has seen a pull back from the extreme greed territory, but it continues to remain in greed, which means investors are still bullish. In this case, if Bitcoin were to do the opposite of what is expected, then it could follow the established trend and crash back down. BTC deviates from pre-halving trend | Source: BTCUSD on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":603706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,92107,656,679,1119,89185,1122,1144,78790,8080,92106],"class_list":["post-603690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-halving-news","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-halving","tag-halving-news"],"acf":[],"yoast_head":"\nHistorical Trends Show What To Expect For Bitcoin Price Following The Halving<\/title>\n<meta name=\"description\" content=\"The 2024 Bitcoin halving is only two days 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Historical Trends Show What To Expect For Bitcoin Price Following The Halving","url":"http:\/\/uniquehot.com\/news\/historical-trends-bitcoin-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/historical-trends-bitcoin-price\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving-1.jpeg?fit=630%2C360"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitcoin halving news","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","halving","halving news"],"dateCreated":"2024-04-17T20:00:25Z","datePublished":"2024-04-17T20:00:25Z","dateModified":"2024-06-11T07:06:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Historical Trends Show What To Expect For Bitcoin Price Following The Halving\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/historical-trends-bitcoin-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/historical-trends-bitcoin-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-halving-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-halving-1.jpeg?fit=630%2C360\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitcoin halving news\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"halving\",\"halving news\"],\"dateCreated\":\"2024-04-17T20:00:25Z\",\"datePublished\":\"2024-04-17T20:00:25Z\",\"dateModified\":\"2024-06-11T07:06:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving-1.jpeg?fit=630%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603690"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=603690"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/603706"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=603690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=603690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=603690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}