2012 halving - New ATH reached around 1 year after
2016 halving - New ATH reached around 1.5 years after
2020 halving - New ATH reached around 1.5 years after
I know that there are multiple reasons for Bitcoin reaching a new ATH. I do understand that cannot be based on the law of averages. What do you guys think, Is the law of average work here or I am just speculating it?
New all time highs in the past usually occur 1 year or a little bit longer after a halving because halving is a stimulation for Bitcoin to appear more on media. It helps Bitcoin to be expose to more people and bring them as well as their capital to Bitcoin market.
It won't be seen after one night because people need time to research, have belief on something they hear of a first time, and surely need time for consideration before spending money to invest in Bitcoin. 1 year or 1.5 years, it is not too long but because you can not know where is the top, new all time high and even when it occurs, you can use past halving cycles and time needed to reach a new all time high for your plan to take profit in 2024 and 2025 bull run.