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Bitcoin Halving Progress Chart Explained
Understanding the Bitcoin Halving Cycle
The Bitcoin halving chart is a graphical representation of Bitcoin's price compared to its current halving cycle. The halving event reduces the block reward for Bitcoin miners by half approximately every four years. This controlled supply reduction is designed to limit the issuance of new Bitcoins and maintain the cryptocurrency's scarcity.
The Halving Price Regression HPR
The Halving Price Regression (HPR) is a price prediction model that leverages historical data from previous halving events to forecast the potential future price of Bitcoin. The HPR assumes that each halving event triggers a parabolic price trajectory, and by analyzing the time and magnitude of previous halving-induced surges, it aims to predict the upcoming price trend.
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