Part 3/8:
Analyzing previous Bitcoin halving cycles unveils consistent patterns. As per historical trends, Bitcoin typically hits an all-time high and then retracts substantially before setting new records. For instance, during the last halving in 2017, Bitcoin saw significant price fluctuations, eventually leading to new highs. Today’s price action, characterized by significant declines, appears to be in line with this historical behavior - a necessary step before another bullish cycle.