Bitcoin Halving Cycle Dashboard
Bitcoin follows a predictable 4-year halving cycle. Every ~210,000 blocks, the mining reward is cut in half, reducing supply and historically triggering massive bull runs. Track where we are in the current cycle.
Bitcoin Price
$72,247
-42.7% from ATH
Cycle Phase
Early Bear / Deep Correction
Day 1247 of ~1460
Since Halving
720d
24 months
Next Halving
735d
~April 2028
Cycle Comparison — Bottom Multiplier
Each line shows how many times BTC multiplied from its cycle bottom, aligned by halving date (day 0). The current cycle (Era 4) is shown as a solid line.
Bitcoin Halving History
| # | Date | Reward | Pre-Halving BTC | Cycle Peak | Gain to Peak |
|---|---|---|---|---|---|
| 1 | Nov 28, 2012 | 25 BTC | $12 | $1,177 | +9,700% |
| 2 | Jul 9, 2016 | 12.5 BTC | $650 | $19,783 | +2,940% |
| 3 | May 11, 2020 | 6.25 BTC | $8,700 | $69,044 | +694% |
| 4 | Apr 20, 2024 | 3.125 BTC | $64,000 | $127,500 | +99% |
* Era 4 peak and gain are based on the current cycle ATH ($127,500 on Oct 6, 2025). The cycle may not be over.
How the Bitcoin Halving Cycle Works
Supply Shock
Every ~4 years, the Bitcoin mining reward is cut in half. This reduces the rate of new BTC entering circulation, creating a supply shock.
Bull Run Phase (~12-18 months after halving)
Historically, BTC reaches a new all-time high 12-18 months after each halving. Reduced supply meets growing demand, driving prices up exponentially.
Bear Market (~12 months)
After the peak, BTC typically corrects 75-85% and enters a ~1 year bear market. This creates the next accumulation zone.
Accumulation Phase (~1-2 years)
Smart money accumulates BTC during the bear market and early recovery. This phase leads into the next halving, restarting the cycle.
Historical Bear Market Drawdowns
2013-2015
-85%
$1,177 → $172
2017-2018
-84%
$19,783 → $3,200
2021-2022
-78%
$69,044 → $15,500
Current
-43%
$127,500 → $72,247
Frequently Asked Questions
When is the next Bitcoin halving?
The next Bitcoin halving is estimated for April 2028, approximately 735 days from now. The block reward will drop from 3.125 BTC to 1.5625 BTC per block.
What happens to Bitcoin price after halving?
Historically, Bitcoin has reached a new all-time high 12-18 months after each halving. The 2012 halving led to a 9,700% gain, 2016 to 2,940%, and 2020 to 694%. However, past performance does not guarantee future results.
Where are we in the current Bitcoin cycle?
We are currently 1247 days from the cycle bottom (November 2022) and 720 days after the April 2024 halving. Based on historical patterns, the current cycle phase is: Early Bear / Deep Correction.
Why does the Bitcoin halving affect price?
The halving cuts the rate of new Bitcoin issuance in half, creating a supply shock. If demand stays constant or grows while new supply is halved, basic economics suggest the price should increase. This scarcity effect has been the primary driver of Bitcoin's 4-year price cycles.
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