Price Analysis

Bitcoin Halving 2024: Post-Halving Corrections and Rally Predictions

Bitcoin halving is just 80 days away, and traders are advised to brace themselves for a potential post-halving correction ranging from 7% to 30% within a month. Historically, in all pre-halving events, Bitcoin reached the market peak between April and October 2025.

According to the On-chain metrics, Bitcoin price signals a buy-the-dip opportunity for traders despite Bitcoin trading sideways around $42,000. This recent pump is led by US Fed Chair Jerome Powell’s comments on high inflation, with no immediate plans for a rate cut, and the market excitement about the upcoming halving event, which may shape Bitcoin’s short-term price dynamics. 

4 Key Considerations Before Halving

Ali Martinez, in his X post, shared that key considerations for Bitcoin investors ahead of the upcoming halving event are crucial for navigating the current market. First and foremost, he highlights the significance of post-halving corrections. Citing examples from the 2016 and 2020 halvings, Martinez notes substantial price drops of 30% and 7%, respectively, within a month.

Moving on, the second key consideration is the occurrence of massive post-halving rallies. He further underscores the impressive surges in Bitcoin’s price following 2012, 2016, and 2020 halvings, with increases of 11,000%, 2,850%, and 700%, respectively.

The third point focuses on the duration of bull markets triggered by previous halving events. Analysts reveal that the bull markets following the 2012, 2016, and 2020 halvings lasted 365 days, 518 days, and 549 days, respectively. 

The final consideration is Martinez’s anticipation of the timing of the next market peak. He suggests that Bitcoin could hit a new all-time high of $69,000 following historical patterns by April or October 2025. Bitcoin’s previous peak was $69,044, recorded 18 months after the 2020 halving on November 10, 2021.

Investors are advised to stay calm and observe these trends as Bitcoin trades slightly above $42,000, sailing a modest 2% drop in the past 24 hours. With trading volume shooting up by 14% and the market cap seeing a 1.90% decline, these indicators become crucial as the crypto market approaches the impending halving event.

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