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As we approach the next Bitcoin halving event, scheduled for Saturday, April 20 at approximately 1:00 am ET, it is worth taking a look at how the Bitcoin price has reacted before and after previous halvings.
Historically, the year following the halving has seen significant increases in Bitcoin's price:
<ul>
 <li>2012: 8.839%</li>
 <li>2016: 285%</li>
 <li>2020: 548%</li>
</ul>
The month following the halving saw more mixed results:
<ul>
 <li>2012: 9%</li>
 <li>2016: -10%</li>
 <li>2020: 6%</li>
</ul>
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While the data we have is limited, an interesting pattern emerges: The market is pricing in the short-term impact of the halving but underestimating the long-term impact.
Former Bitmex CEO Arthur Hayes shared his thoughts on the upcoming Bitcoin halving in a Medium post last week. While discussing the halving, which is seen as a bullish catalyst for cryptocurrency markets, he said:
<blockquote>
 “I agree that this will raise prices in the medium term, but price movements immediately before and after may be negative.”
</blockquote>
Hayes also noted:
<blockquote>
 “The narrative that the halving is positive for crypto prices is well established. When most market participants agree on a particular outcome, the opposite often occurs.
 “I believe that Bitcoin and crypto prices will generally decline during the halving period.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-did-bitcoin-price-move-during-and-after-previous-halvings-here-is-the-data/" rel="noopener noreferrer nofollow">How Did Bitcoin Price Move During and After Previous Halvings: Here is the Data</a>

How Did Bitcoin Price Move During and After Previous Halvings: Here is the Data

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