We are 66% through the waiting time for the next Halving. Also historically the bottom has been formed at this point.

Indicators come and indicators go, institutions come and institutions go, hype comes and hype goes. But one thing has always been something to look forward to, the Bitcoin Halvings. The Bitcoin halvings have been the amazing mechanism invented by Satoshi Nakamoto to decrease the inflation of the bitcoin supply significantly by increasing the difficulty to get one BTC as the block rewards. This is actually bullish for BTC as the scarcity increases and inflation sinks. (this halving the bitcoin inflation will sink to under 1%!!!)

Now in this bear market it is obviously all depressing, up to points where we even have to clap over a 2% increase as if its the biggest bull rally. But there is the next Bitcoin halving to look forward to and impressively we have surpassed 66% of the waiting time until May 2024.

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Graph made from therationalroot on Twitter

Now if we look at the chart we can see that there is another thing, each time we already had 66% of the waiting time behind us we already had many Bitcoin bottom. Now does this definitely apply this time too? No, it does not have to, especially not as our environment is a lot different with Crypto facing such macro-situations for the first time.

Bottom in or not, a Bitcoin Halving is always a historic event where the fundamentals of Bitcoin increase even further which, no matter the price movement, will be good for the long-term perspective of Bitcoin and all of Crypto.