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The next BTC halving is expected to take place in April 2024. There is strong correlation between halving and the bull run.

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by COINS NEWS 96 Views

Historical data suggests that there is a strong relationship between the Bitcoin halving and a bull run in the BTC price and the cryptocurrency market as whole. Every halving yet has coincided with a bull run. I personally don't believe in technical analysis and it's accuracy, but this relationship shows a very strong correlation that cannot be ignored. Comparing the price of BTC a year before the halving with a year after it, the price has ~40x in 2011-2013, ~10x in 2015-17 and ~8x in 2019-2021. Moreover, the growth it has shown between these periods has almost always been with higher highs and higher lows, a classic indicator of a strong bull run. The next halving is expected to happen in April 2024, in ~283 days. At the risk of being a shill, I would say it makes me believe it is great time to buy right now. I have heard from many experienced and knowledgeable cryptocurrency investors that this is the primary reason for the existence of this bull-bear cycle in the cryptospace.What do you think about this phenomenon?

TLDR - In 2024, we feast.

submitted by /u/SavageLeo19
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