📈 Bitcoin Halving Cycle ROI Comparison
All four halving cycles overlaid on the same starting line — so you can compare them directly. The key trick: every cycle is normalized to ×1.0 at the halving date, making it easy to see "how many times did the price multiply, and how many months after the halving?" The X-axis isn't a calendar — it's months elapsed since the halving (0M – 48M).
● 1st Cycle
● 2nd Cycle
● 3rd Cycle
● 4th Cycle (Now)
The red shaded zone (Halving +12–18M) marks the window where past cycles hit their peak. Every top so far has landed inside — or very close to — this band.
👉 Two patterns stand out at a glance:
① The pump → peak pattern at ~12–18 months post-halving has repeated every single cycle without exception.
② Returns shrink with each cycle — 1st cycle delivered 50–80×, the 2nd and 3rd progressively less, and the current 4th cycle is tracking at roughly ×0.9 at its peak — the most muted rally on record.
⚠️ These are historical patterns only — not a guarantee of future performance. As the market matures, diminishing returns appear to be an ongoing trend.