<div class="text-justify">Hello dear friends.

Making an analysis of the Bitcoin price movement at the moment would not be complete without considering the impact that halvings have on the behavior of the main cryptoasset in the market, and let's remember that the last halving took place in May 2020, so we are already halfway between this event and the next one.

![](https://cdn.pixabay.com/photo/2022/02/14/19/01/bitcoin-7013663_960_720.jpg)
**_We are halfway to the next halving. Source: [Pixabay.com](https://pixabay.com/es/photos/bitcoin-finanzas-intercambio-dinero-7013663/)_**

And as history has shown, after this event there is a phase of positive growth in the market, which has then been preceded by a long-lasting bearish cycle, so, to complement the BTC price analysis we must understand what phase it is in with respect to the last halving.

As I already mentioned to you, the last Bitcoin halving took place on May 11, 2020, so by today (07 July 2022) we are 788 days after it took place, then, to understand a bit the current market situation, let's see how the BTC price behaved in 800-day periods after the 2012 and 2016 halvings.

The first Bitcoin halving occurred on November 28, 2012, with a price of $12, this did not have an immediate effect on the price, however, at the beginning of 2013 the value of BTC started to increase progressively, and almost a year after the first halving, at the end of November 2013, the BTC price had already reached a local high of $1100. After reaching that peak, the price began a prolonged decline that lasted until the end of 2014. Then, the 800-day period after the start of the halving places us in the month of January 2015, where we observe the beginning of a period of lateralization after the coin experienced a drop of more than 80% from the previous high.

![halving 1.jpg](https://images.hive.blog/DQmUv5LepzrbtWkg5TV2vc3BbkBDooKEkGDf5JFaCX2UF9Q/halving%201.jpg)
**_Screenshot taken from [tradingview.com](https://www.tradingview.com/x/L2kjLjMq/)._**

And as we see, it continued to move sideways for several months thereafter, until October 2015 when it began to rise in value again, nine months before the next halving.

The second Bitcoin halving took place on July 9, 2016, and the 800-day period after this event places us at the August 2018 price movement. In the following chart we can see that it was in a brief sideways period, after experiencing a drop from its all-time high of $19700 in December 2017, this sideways period lasted a couple of months, after which BTC suffered another drop, bottoming at $3160, losing more than 80% of its ATH.

![halving 2.jpg](https://images.hive.blog/DQmcRvmwULffuVDnreTGU5dzKsmFDrRobK4cwQ9f6wKXtf4/halving%202.jpg)
**_Screenshot taken from [tradingview.com](https://www.tradingview.com/x/L2kjLjMq/)._**

And as we can see, in May 2019 it started a period of growth, with a year to go until the next halving.

So, based on the fact that we are almost 800 days since the last halving, and halfway to the next one, which is expected to occur in 2024, July is likely to be a month of sideways movement for the BTC price, which could extend several months, without excluding the possibility of marking a new local low.

Although we must keep in mind that the Bitcoin price is influenced by investor perception, it is important to consider that so far the halving has marked a trend that seems to repeat itself in each cycle. However we must always perform our own analysis based on market conditions.

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**Well friends, thanks for stopping by to read and let me know what you think. See you next time!**

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