Bitcoin Price Follows Historical Patterns Before Halving Events, Potential Bottom in Mid-November

Bitcoin's recent sideways price action mirrors previous cycles before halving events. Historically there is a pivot in November.

Analysts observe that at about 200 days before the halving, BTC price is 60% below its all-time high, similar to 2015 and 2019 cycles.

Some predict a potential Bitcoin "dump" or bottom around November 10-15 based on historical cycles.

The next Bitcoin halving is estimated to occur in late April or early May 2023.

Analysts believe the major bull market will come in 2024, the year following the halving, rather than in 2023 before it.