The image you described seems to illustrate Bitcoin's performance around halving events in 2017, 2021, and the upcoming 2024 event, focusing on price patterns 224 days before and after each halving. Here's a summary:
1. 2017 Halving (left graph):
Shows a significant price increase before the halving, followed by a sharp decline afterward.
2. 2021 Halving (middle graph):
Similar to 2017, there is a rally leading up to the halving, followed by a notable post-halving sell-off.
3. 2024 Halving (right graph):
This graph reflects current trends in 2024, with the market gradually rising as it approaches the halving, suggesting anticipation of a post-halving surge or significant market shift.
Key Insights:
Cyclic Price Behavior: The graphs highlight a recurring pattern of rising prices before the halving and volatility afterward.
224-Day Trend: The price changes 224 days before the halving follow a similar structure across events, with the 2024 market showing bullish momentum leading up to the halving.
Market Outlook: Historically, post-halving volatility occurs, but long-term bullish trends often emerge, which might indicate the potential for a post-halving bull run in 2024.
This analysis helps support the idea of a possible price surge following the 2024 Bitcoin halving.
