Halving events are frequently associated with substantial rises in Bitcoin’s value, occurring before and after previous instances. For instance, in 2012, Bitcoin surged from $12 to over $200 in a year post-halving. Similarly, after the 2016 halving, Bitcoin peaked at $19,700 in December 2017.
On the day of the 2012 halving, Bitcoin traded at a modest $12. However, about 150 days post-halving, its value surged to nearly $130. Similarly, in 2016, Bitcoin was trading at $650.53 on halving day, climbing to $758.81 150 days later.
Fast forward to the 2020 halving, where Bitcoin’s price was at $8,821.42 initially, then surged to $10,943 after 150 days, then the cryptocurrency went on to achieve its all-time high, nearly reaching $69,000 in November 2021.
These numbers illustrate how halving events influence Bitcoin’s price, highlighting its short-term ups and long-term potential.
Source: https://coingape.com/blog/bitcoin-halving-returns/