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Bitcoin consolidation post halving is nothing new

jondoe - 2024-08-15 21:18:27

We have seen this same thing after every other halving


If these past patterns give anything to go on, it's that post halving the price of bitcoin tends to consolidate for a bit.


Check it out:


image.png


(Source: https://x.com/Eljaboom/status/1824088911167025528/photo/1)


Based on the above data, we should expect to see bitcoin consolidate for another couple months before the big move starts.


While I would argue this consolidation has been worse than the others because we made a new high prior to the halving.


We shall see if history plays out again.