Updated first post. Bull market #9 was clocked pretty damn well. As was #8.

The even better news are that despite that these bull markets did not lead to a new ATH, they coaligned the other correlative factors. So the increase ratio between high magnitude bull markets vs price increase factor is now coaligned such that the end result is slightly above $2000 for both. We will see with time if this turns out to be true, I am betting on it though.

In the previous halving we had very similar behavior prior to the halving. Two low magnitude bull markets, one in january 2012 and one in august 2012. Both were "appreciative" as the price gains were for the most part retained. It is also very important to note that the january 2012 bull market was the turning point, marking the end of a significant bull market during mid to late 2011. This is strikingly similar to the november 2015 bubble, which marked the end of the 2014-2015 bear market (the bull markets inbetween were low magnitude, and the price did not retain the gains of them). Both the november 2015 and june 2016 bull markets have had their price appreciation retained for the most part.

So buckle up your seatbelts, we might be in for a big ride. The timing correlation is approximate; the effect of the diminished supply of new coins (which we all know, miners sell directly for fiat) on the exchanges takes time to effect the price. But we will see some action later this year.