Use with Claude Open the chartUpdated 10 November 2026 · data: Coinbase (live price) and historical daily closes
Each row is one month after the halving, counted from that cycle's own halving date. Green months closed higher than they opened, red lower. Today is month 31 of the 2024 cycle.
| Month after halving | 2012 | 2016 | 2020 | 2024 | Up in earlier cycles |
|---|---|---|---|---|---|
| 1 | +8.7% | −9.2% | +11.4% | +9.9% | 2 of 3 |
| 2 | +39.5% | +5.8% | −5.5% | −9.3% | 2 of 3 |
| 3 | +65.1% | −1.3% | +26.3% | +3.6% | 2 of 3 |
| 4 | +198.3% | +15.0% | −12.0% | −11.9% | 2 of 3 |
| 5 | +56.2% | +8.1% | +7.6% | +6.5% | 3 of 3 |
| 6 | −10.6% | +19.1% | +38.3% | +9.5% | 2 of 3 |
| 7 | −26.2% | +15.2% | +21.3% | +33.5% | 2 of 3 |
| 8 | +1.4% | +6.1% | +117.1% | +6.2% | 3 of 3 |
| 9 | +22.0% | +8.3% | +11.1% | +3.6% | 3 of 3 |
| 10 | +6.2% | +41.1% | +27.3% | −5.5% | 3 of 3 |
| 11 | +58.9% | +65.6% | +4.2% | −12.2% | 3 of 3 |
| 12 | +423.6% | −10.6% | −6.0% | +1.0% | 1 of 3 |
| 13 | −28.2% | +33.7% | −34.1% | +28.9% | 1 of 3 |
| 14 | +11.9% | +27.8% | −8.6% | −5.7% | 2 of 3 |
| 15 | −34.8% | +10.5% | +35.9% | +13.6% | 2 of 3 |
| 16 | −15.1% | +56.3% | +1.8% | −2.5% | 2 of 3 |
| 17 | −3.8% | +115.3% | +18.2% | +1.2% | 2 of 3 |
| 18 | +38.8% | −6.8% | +22.7% | −4.4% | 2 of 3 |
| 19 | −2.9% | −49.4% | −29.3% | −17.3% | 0 of 3 |
| 20 | −5.7% | +15.9% | −12.0% | −3.5% | 1 of 3 |
| 21 | −9.9% | −22.9% | +5.9% | +4.7% | 1 of 3 |
| 22 | −26.3% | +33.1% | −12.3% | −27.6% | 1 of 3 |
| 23 | −11.0% | −16.8% | +1.6% | +2.7% | 1 of 3 |
| 24 | +12.6% | −15.9% | −26.5% | +10.8% | 1 of 3 |
| 25 | −16.7% | +3.7% | −2.4% | +1.7% | 1 of 3 |
| 26 | −25.4% | −2.1% | −29.6% | −17.1% | 0 of 3 |
| 27 | +8.7% | +4.2% | +20.0% | +3.5% | 3 of 3 |
| 28 | −2.6% | −2.2% | −9.5% | +9.7% | 0 of 3 |
| 29 | −4.2% | −47.9% | −12.1% | +11.1% | 0 of 3 |
| 30 | −1.4% | +17.5% | −7.7% | +2.2% | 1 of 3 |
| 31 | +12.5% | −10.1% | −2.7% | – | 1 of 3 |
| 32 | +9.5% | +8.6% | +2.0% | – | 3 of 3 |
| 33 | −20.0% | +32.8% | +25.1% | – | 2 of 3 |
| 34 | +3.0% | +23.3% | +1.6% | – | 3 of 3 |
| 35 | +32.5% | +19.0% | +36.4% | – | 3 of 3 |
| 36 | +18.6% | +58.6% | −11.3% | – | 2 of 3 |
| 37 | +16.3% | −1.9% | −3.2% | – | 1 of 3 |
| 38 | −12.6% | −12.6% | +17.2% | – | 1 of 3 |
| 39 | +14.4% | −17.0% | −3.3% | – | 1 of 3 |
| 40 | −4.6% | +2.6% | −14.4% | – | 1 of 3 |
| 41 | +10.6% | −14.1% | +6.8% | – | 2 of 3 |
| 42 | +14.8% | +6.5% | +38.9% | – | 3 of 3 |
| 43 | +21.9% | +21.8% | +10.5% | – | 3 of 3 |
| 44 | – | −16.6% | +13.1% | – | 1 of 2 |
| 45 | – | −9.8% | +2.5% | – | 1 of 2 |
| 46 | – | +34.6% | +51.0% | – | 2 of 2 |
| 47 | – | – | −2.9% | – | 0 of 1 |
| 48 | – | – | – | – | – |
Change in the daily close across each 30.4-day month. "–" means the cycle had ended (the next halving came) or the month isn't finished yet. The highlighted row is the current month of the 2024 cycle.
| Cycle | Months up | Best month | Worst month |
|---|---|---|---|
| 2012 | 24 of 43 | month 12: +423.6% | month 15: −34.8% |
| 2016 | 28 of 46 | month 17: +115.3% | month 19: −49.4% |
| 2020 | 27 of 47 | month 8: +117.1% | month 13: −34.1% |
| 2024 | 19 of 30 | month 7: +33.5% | month 22: −27.6% |
The chart's monthly heatmap shows every cycle's months as colours, next to the price lines and the live price.
See the full heatmap with Pro Open the free 2024 chart2012: month 12 (+423.6%); 2016: month 17 (+115.3%); 2020: month 8 (+117.1%); 2024: month 7 (+33.5%). Months are counted from each halving date, not calendar months.
2012: 24 of 43; 2016: 28 of 46; 2020: 27 of 47; 2024: 19 of 30.
From each cycle's halving date, in steps of 30.4 days, so month 1 is the first 30 days after the halving in every cycle. That lines the cycles up on the same clock. Today is in month 31 of the 2024 cycle.
No. Three completed cycles is a small sample, and a month that was up three times can be down the fourth. This is history.
Cycle tracker · Price after each halving · When past cycles made their low · Bear markets and cycle lows · Days since the halving · Next halving countdown · Is the 4-year cycle dead? · Month by month after the halving · Halving schedule to 2140 · Halving dates and FAQ · Use with Claude
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Charts and figures are for education and research. Past cycles don't predict future prices. Not financial advice.