Bitcoin cycle since the halving
Where does Bitcoin stand in the rhythm of the halvings? This page only shows measurements: days since the halving, distance to the high and earlier cycles for comparison.
As of the daily close on 12 Nov 2026 (UTC)
Days since the halving
936
20 Apr 2024
Price since the halving
+9.8%
Distance to the all-time high
−42.8%
All-time high $124,739.81 on 6 Oct 2025, daily close
Days since the all-time high
402
Distance to the 200-week line
+5.2%
Cycles compared
Price since every halving in percent, logarithmic. The cycle from 2012 is missing because daily prices only start in April 2013.
- Since the 2016 halving
- Since the 2020 halving
- Since the 2024 halving
The cycles in numbers
| Halving | Cycle high | Rise to the high | Drop afterwards | On day 936 |
|---|---|---|---|---|
| 2012 | 29 Nov 2013Day 366 | −85% | ||
| 2016 | 15 Dec 2017Day 524 | +2,924% | −84% | +447% |
| 2020 | 8 Nov 2021Day 546 | +685% | −77% | +89% |
| 2024 | 6 Oct 2025Day 534 | +92% | −53%so far | +10% |
How we calculate it
- 1Days since the halvingCounted from the day of block 840,000 on 20 April 2024.
- 2Cycle high and dropThe high is the highest daily close in the two years after a halving, the drop is the lowest close after it until the next halving.
- 3200-week lineThe average of the daily closes over 1,400 days. The Crypto Score measures the distance to it in the cycle factor.
Data: CoinGecko, own calculation.
Frequently asked questions
What is the Bitcoin cycle?
That is the name for the rhythm of about four years between two halvings. In the cycles so far a strong rise followed the halving, then a deep decline.
Where is Bitcoin in the cycle today?
936 days after the April 2024 halving, the price is 10% above the price on the halving day and 43% below the all-time high.
How long did a bull run last so far?
The cycle high came 366 (2012), 524 (2016), 546 (2020) days after the halving.
How deep did the bear markets go?
After the cycle high Bitcoin fell by 85% (2013), 84% (2017), 77% (2021).
Is this a forecast for the next bull run?
No. Three cycles are too few to turn into a rule. The page only shows what happened and where Bitcoin stands today.
What is the 200-week line?
The average of the daily closes of the last 200 weeks. In earlier bear markets Bitcoin only fell below it briefly.
All figures are measurements of the past. They are not a forecast and not investment advice.