Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run.
Bitcoin’s decline since the April 2024 halving is starting to look similar to market movements ahead of the 2016 bull run, according to veteran trader Peter Brandt.
In a post on X on Aug. 5, the analyst said that the “BTC decline since halving is now similar to that of the 2015-2017 halving bull market cycle.”
Brandt compared the depth of the market corrections since the halving dates noting they were very similar.
