In the month after past Bitcoin halvings, its price saw little movement — but in the next year it saw significant gains, says Bitwise Asset Management.
The Bitcoin (BTC) halving is days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, says Bitwise Asset Management.
In an April 16 X post, Bitwise noted past price action in the month after the Bitcoin halving for the past three halvings saw its price drop — but in the year that followed its price saw a minimum of triple-digit percentage point gains.
In the month after the 2012 halving, Bitcoin gained 9% — but over the next year it surged 8,839%.