The 4th #Bitcoin Halving is now complete, reducing the reward for mining a block from 6.25 Bitcoins to 3.125.
The Halving Cycles Theory says that the first halving was the most important, on November 28th, 2012. Bitcoin has since operated in a very strict pattern around the date.
This is the first halving that price has visited ATHs.
What we usually see after the halving takes place is a small period of stagnation followed by the majority of the rally into the cycle top.
But with price being at ATHs, the cycle may have been shortened to form a cycle top at the end of this year instead of 2025.
More good price action to come in the future! Happy Halving!
pbs.twimg.com/media/GLs8D7tWcAASnEJ?format=jpg&name=4096x4096
Why are people acting as if “on chain” is a new thing?
Mfs the real G’s have been printing “on chain” since 2019-20 while you were reading technical analysis textbooks
Aped a bunch of shit on base chain; i'm late, so expecting to lose it all. Will update later.
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