Comparing BTC 2019 and 2023 before halving

It’s amazing how steady BTC the last 6 months has been. In roughly 9 months the BTC halving is expected to happen. Let’s compare where we were standing around 9 months prior to the BTC 2020 halving. The blue square is the time comparison with the current BTC chart this year.

2019: At this period in august 2019, around 9 months before BTC halving, BTC was 50% down on its previous All-time high and was holding around $10.000. From January 2019 till August 2019 it had a steady growth rate, which put positivity back into the cryptospace. The blue square is the time period compared to next image.

BTC Jan 2019 till may 2020 (halving)

2023: If we compare the blue square to this years period from january 2023 till now, BTC has the same trajectory as 2019. We can see that BTC has a steady growth from $16.000 to the edge of $30.000. If you compare this to the All time high its also is 50% down from November 2021. The onlything noticeable is that it hasn’t bottomed like previous years, what probably can be explained by big institutions entering the cryptospace in 2021.

BTC Jan 2023 till today

Whats next: When we look ahead and see what BTC did after august 2019, it had a down pattern till halving. If we keep following the same trajectory it would mean BTC would have a steady decline before halving happens. Of course the BTC ETF could change the course dramatically, but BTC has a habit of follow old patterns.

Conclusion: If you are here now, you are early.