Four years ago, the world was shocked by the news of COVID-19, which crashed all financial markets worldwide, including Bitcoin (BTC).
Since then, Bitcoin has gone through a full market cycle. First, it went up to $69,000 in 2021 and then to $15,400 in 2022, consolidating in 2023. Now, a new bull market is supposedly in its first stages, with BTC breaking from its previous highs.
Notably, the leading cryptocurrency traded as low as $3,883 on March 13, 2020, during what was later known as “the COVID crash.” Exactly four years later, on March 13, 2024, Bitcoin is trading at $73,227. Nearly $70,000 higher than what it did at the crash, for nearly 1,750% gains.
BTC/USD weekly chart. Source: TradingView (Finbold)
Bitcoin price analysis in the 4-year cycle
Looking at Bitcoin’s 4-year, also known as the halving cycle, provides valuable insights about past and future performance.
In particular, the 2020 crash happened two months before the year’s block subsidy halving, on
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