Purchasing Power

Where are we in the cycle?

Three ways to place today against bitcoin's own history.

Price vs its 200-week average

-

Below the all-time high

-

Days to the next halving

-

Cycles, aligned by halving

Each line follows one halving cycle as a multiple of the price on halving day. The 2016 and 2020 cycles peaked 12 to 18 months after their halvings. Whether the current cycle rhymes is anyone's guess.