Since its inception in 2009, Bitcoin has experienced several profound market cycle changes. Each major rally is not spontaneous but follows specific cyclical patterns—particularly closely related to the halving events. For investors aiming to seize the next bull market, understanding these historical patterns is crucial.
What is the core driving force behind the start of a bull market?
Bitcoin's bull cycle is typically driven by several key factors: halving events, influx of institutional funds, regulatory breakthroughs, and reduced supply. Compared to traditional markets, Bitcoin bull markets are characterized by higher volatility, more dramatic gains, and more concentrated time cycles.
Historical price increase data for Bitcoin clearly reflects this pattern. After the 2012 halving, Bitcoin increased by 5200%; after the 2016 halving, the increase was 315%; after the 2020 halving, the increase was 230%. This decreasing percentage reflects