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Every cycle, aligned to day zero

Halving Cycles

Bitcoin price history re-anchored so day 0 is halving day in every cycle, making return and drawdown directly comparable.

Current cycle

Where this epoch stands.

derived
Days since the last halving
Return since halvingMeasured against the halving-day close
Drawdown from cycle highFrom the highest close inside this cycle
Epoch mined

Aligned to day zero

Every cycle on one axis.

Each line starts on its own halving day, so cycles of different lengths and different price levels can be compared directly. Select a legend entry to hide a cycle.

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Comparison

Cycle by cycle.

Bitcoin halving cycles compared
CycleHalving heightSubsidyDaysReturnPeakDrawdown
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Before you read anything into this

What this chart is not.

Method

Daily closing prices are re-indexed so that day 0 is halving day.

Limitations

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Three completed cycles is a very small sample. Aligning them makes history legible; it does not make the next cycle predictable, and BitcoinTrench makes no forecast from this data.