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This image compares Bitcoin’s price behavior during halving events in 2017, 2021, and the expected trend for 2024. Here’s a summary:
Halving Events in 2017 and 2021: The chart shows that both times, the market experienced a noticeable dip about 224 days before the halving. After each halving, the market saw a strong recovery and rally.
2024 Halving Projection: The pattern suggests that leading up to the 2024 halving, prices may rise, indicating a different market trend. Instead of a significant dip, the 224-day period before this halving is showing a steady increase.
This analysis implies that market trends before the 2024 halving could be more bullish compared to previous cycles, but a post-halving rally is still expected based on past events.#Write2Earn! #writetowin #bitcoin☀️