Let's dive deeper into it:
These lines indicate the last 4 dates on which bitcoin halving happened. Bitcoin halving happens after very 4 years, and after its halving, bitcoins enters into a bull cycle.
Observation🔍:
After the first halving on Nov 28, 2012, bitcoin entered into the bull cycle after 2 months.
After the second halving on Jul 9, 2016, bitcoin entered into the bull cycle after 10 months.
After the third halving on May 11, 2020, bitcoin entered into the bull cycle after 6 months.
The returns of Bitcoin bull cycle are diminishing with every halving.
From all these observations, we can speculate the average time period after which bitcoin enter into the bull cycle.
Calculation:
Total number of months taken after halving to enter into the bull cycle/number of halvings
(2+10+6)/3
=6 months
From the above calculation, we can safely say that bitcoin takes 6 months on average to enter into the bull cycle, and it is not surprising even if it takes more.
Now, to answer the question of when will the next bull cycle start, we can safely speculate that the next bull cycle can start within the next 5 months according to the analysis of the previous data done above.
WHEN DO YOU THINK THE NEXT BULL CYCLE OF BITCOIN START?
TELL US IN THE COMMENT SECTION.
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