The post-halving rallies, with historical gains of
+12,700% (2012),
+400% (2016), and
+700% (2020),
projecting a potential +250% increase for 2024, aligning with Bitcoin's halving mechanics that reduce block rewards by 50% every four years, historically driving price surges due to reduced supply.
Bitcoin halving, actually - cuts the issuance of new coins, increasing scarcity; with only 1.3 million Bitcoins left to mine as of May 2024, past trends show slow, sustained price increases post-halving, though the post’s 250% projection for 2024 lacks specific data backing and assumes consistent market behavior.
The chart’s insights that post-halving rallies often outpace pre-halving gains, yet this cycle’s unique dynamics—like broader adoption and potential market saturation—may alter outcomes, making the projected 250% rally speculative without accounting for external economic factors or miner consolidation pressures. $BTC $ETH $AVAX
