The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened on July 9, 2016, and the last one was on May 11, 2020. Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 For the purpose of this report, only the last two halving will be referenced given that adoption had began to climb at the time that these two happened. The 2016 halving happened when Bitcoin was trading around $650, but in the weeks following the halving, the BTC price would drop another 30%, reaching as low as $460 before cl ..
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