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?
This pattern is what everyone in crypto space are looking forward to. Majority of the people here knew it's going to be the post-halving where a new ATH will happen with an unprecedented range. I dont know if the law of averages can be applied in this kind of even, but it's more likely the market sentiments that's making a great impact to create this pattern. Pre-halving until the halving takes place is like an accumulation phase, then moving forward a few months the accumulation continues creating a gradual upward price movements, then a year after is where the bullrun officially starts.