How The Bitcoin Halving Impacts Bitcoin’s Price

Igor Davidov
Dec 31, 2019 · 5 min read
Image for post
Image for post
Bull Market Coming After Halving?

What is the Bitcoin Halving?

About every four years or more specifically every 210,100 blocks, Bitcoin networks’ issuance rate is cut in half. This is known as the Bitcoin Halving.

The First Halving

The first ever Halving took place on November 28, 2012. One BTC during this time was worth about $12. An uptrend in the price of Bitcoin began to form about 1 year before the Halving. About 1 year before the event, 1 BTC was worth about $2.50, and 6 months before the event, 1 BTC was worth about $5.

Image for post
Image for post
Image for post
Image for post

The Second Halving

The second Halving took place on July 9th, 2016. One BTC during this time was worth about $650 (an increase of about 5400% from the first halving price). An uptrend in the price of Bitcoin began to form about 9 months before the Halving. About 1 year before the event, 1 BTC was worth about $275, and 6 months before the event, 1 BTC was worth about $380.

Image for post
Image for post
Image for post
Image for post

The Third Halving

The third Halving is estimated to occur sometime in late May of 2020. Since Bitcoin hit its bottom of $3100 back in December of 2018, it has rallied to its current price of about $7200. Were Bitcoin to follow what it did during the previous two Halving’s, then a gain of at least 3000% post-Halving would not be uncommon. From the current price, a gain of 3000% puts 1 Bitcoin at $216,000.

Image for post
Image for post

Key Take Aways

  • Bitcoin Halving’s have been important catalysts that bring about a new bull market for Bitcoin.
  • Bitcoin tends to start its new bull trend about a year before the Halving. It then enters an extended bull market after each Halving, which last for at least a year.
  • A retrace follows after a new market cycle high is set. These retraces last, on average, at least 1 year. Bitcoin also loses at least 80% of its value during these retraces/bear markets.
  • Bitcoin reaches a new all-time high after every Halving, but it takes several months after the Halving for such to be reached (at least 1 year).
  • Bitcoin rallies at least 3000% after each of its halving dates.

Also, Read

Get Best Software Deals Directly In Your Inbox

Image for post
Image for post

Coinmonks

Coinmonks is a non-profit Crypto educational publication.

Sign up for Coinmonks

By Coinmonks

A newsletter that brings you week's best crypto and blockchain stories and trending news directly in your inbox, by CoinCodeCap.com Take a look

By signing up, you will create a Medium account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Check your inbox
Medium sent you an email at to complete your subscription.

Igor Davidov

Written by

Crypto Investor. Analyst @Blockfyre. Newsletter writer @NicoyaResearch. Goldbug. NYC. Law Grad.

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Igor Davidov

Written by

Crypto Investor. Analyst @Blockfyre. Newsletter writer @NicoyaResearch. Goldbug. NYC. Law Grad.

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store