Crypto Markets
Guide
Bitcoin Halving Cycles: What the History Shows
Every ~4 years, Bitcoin's supply issuance is cut in half. The historical cycle that follows has been one of the most consistent patterns in crypto markets.
5 min read
1 views
0 likes
TradFlakes Insight
What is the Halving?
Bitcoin's code limits total supply to 21 million BTC. Every 210,000 blocks (~4 years), the mining reward is cut in half. This event is called the halving.
Historical Pattern
| Halving | Date | Price Before | Cycle Peak |
|---|---|---|---|
| 1st | Nov 2012 | ~$12 | ~$1,200 |
| 2nd | Jul 2016 | ~$650 | ~$20,000 |
| 3rd | May 2020 | ~$8,500 | ~$69,000 |
| 4th | Apr 2024 | ~$63,000 | TBD |
History doesn't repeat in crypto β but it rhymes loudly.
Important Caveats
Past halvings occurred in very different market environments. Bitcoin's market cap is now much larger, making equivalent percentage gains harder. Never size a position based solely on cycle theory.