The horizontal axis counts days since each halving. The vertical axis measures price change from the first available daily observation on or after that halving date.
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Bitcoin cycle comparison
Compare Bitcoin’s historical price change from each halving date. Every cycle is indexed to day zero.
CURRENT CYCLELoading…Fetching daily price history
Past cycles are shown for historical context. The paths differ, and prior performance does not predict future results.
Return since halving
Loading Coin Metrics history…This is a historical comparison, not a timing model or forecast. It ignores volatility between daily observations and does not account for inflation or trading costs.
Price source: Coin Metrics Community API, daily Bitcoin USD reference price. Halving dates: Bitcoin block subsidy halving dates. The latest daily observation may be delayed.