Thistle Subscribe

Labs

Our AI-driven analysis of Bitcoin’s cycles: the correlations between today’s market and every earlier year, cycle and bear market, with the measures and the macro data behind them.

Updated 8m ago

$73,664 price now -40.9% from the cycle's closing high 46% through cycle 4 517 days to the halving 402 days since the top Details

Halving overlay: this cycle against the earlier ones

About every four years the amount of new Bitcoin created is cut in half: the halving. Here every cycle starts on its own halving day and is shown as a multiple of the price on that day, so cycles at very different prices can be laid over each other.

day 936 of this cycle
This cycle (began 20 Apr 2024) 2020 cycle2016 cycle2012 cycle today, and where each cycle stood on the same day year ends of this cycle
halving2×5×10×25×50×100×01002003004005006007008009001,0001,1001,2001,3001,4001 year2 years3 yearsdays since the halvingend of 2024end of 2025end of 2026end of 20272012 cycle2016 cycle2020 cycleThis cycletoday, day 9362012 cycle on day 936: 20.16 times its halving price2016 cycle on day 936: 5.30 times its halving price2020 cycle on day 936: 1.94 times its halving priceThis cycle on day 936: 1.14 times its halving price2012 cycle2016 cycle2020 cycleThis cycle
How to read it: 2× means the price had doubled since that cycle’s halving day. The scale is a log scale, so a doubling is the same height anywhere. This cycle’s line stops at today; the earlier ones run on to the day of the next halving and a little beyond, which shows what each did after the point we are at now.

Where each cycle stood on day 936

The same number of days after its own halving, and what each earlier cycle did from there.

CycleDay 936 fell on Against its halving pricePrice that day One year later Its topIts low after the top
This cyclebegan 20 Apr 2024 12 Nov 2026 1.14× $73,664 not yet known 1.92× so farday 534 0.92× so farday 802
2020 cyclebegan 11 May 2020 3 Dec 2022 1.94× $16,972 +146% 7.74×day 548 1.84×day 925
2016 cyclebegan 9 Jul 2016 31 Jan 2019 5.30× $3,400 +176% 29.1×day 526 4.91×day 889
2012 cyclebegan 28 Nov 2012 22 Jun 2015 20.2× $245.95 +153% 91.0×day 367 14.8×day 777

Each cycle has risen less from its halving than the one before, so the earlier lines sit higher on the chart: compare the shapes and the timing, not the heights. Three earlier cycles are three examples. Past performance is not a reliable indicator of future results. Not advice and not a forecast.

Risk warning Bitcoin and shares are volatile, and their prices can fall sharply and stay low for long periods. Read the full risk warning

Bitcoin and shares are volatile, and their prices can fall sharply and stay low for long periods. Bitcoin Super Intelligence trades spot bitcoin against USDC in your own exchange account, and S&P 500 Super Intelligence trades an S&P 500 index fund (IVV) in your own brokerage account: no leverage, no borrowing, no short selling, no futures and no options. Neither places stop-loss orders, so while a strategy holds its market your balance falls with the price and you may lose a large part of your funds. Funds held at an exchange or a broker also carry that venue's own risks, including outages, account restrictions and insolvency. Past performance shown on this site is the record of each strategy's rules applied to market prices since 1 January 2021 and is not a reliable indicator of future results. Nothing on this site is investment advice. Trade only with money you can afford to lose. By using any Thistle^ service you accept our Terms and Privacy Policy, and you are responsible for all losses in your account.

Thistle^ services are not available where their use would require a licence we do not hold or would be a regulated activity. We do not serve users based in or affiliated to the USA.