Labs
Bitcoin’s four-year cycle, derived from its whole price history.
Bitcoin
$84,137
-32.5% from the cycle top
Cycle position
43%
Through cycle 4
Next halving
565 days
2028-04-13, reward 1.5625
Since the top
355 days
Top 2025-10-06 at $126,272
Halving overlay
Every cycle pinned to day zero at its own halving, priced as a multiple of what Bitcoin cost on that day. That is what makes four cycles of very different absolute prices comparable.
0.63183.6821.38124.34
07281,456
Days since halving
Cycle 1 · 2012 halvingCycle 2 · 2016 halvingCycle 3 · 2020 halvingCycle 4 · 2024 halving
Where each cycle stood at this point
The same number of days after its halving.
| Cycle | Multiple | Price |
|---|---|---|
| Cycle 1 · 2012 halving | — | — |
| Cycle 2 · 2016 halving | — | — |
| Cycle 3 · 2020 halving | — | — |
| Cycle 4 · 2024 halving | — | — |