Bitcoin halving cycle/DXY
Takeaway is that the dollar was by far at it's strongest point at the start of the last cycle which could very well account for the slow start of the bull cycle and thus the extended length of the 2016 halving cycle.
The 2016 post halving price of BTC was down for months after it and the correlated to a strong and strengthening dollar. Whereas this 2020 halving the price almost immediately appreciated from that point, obviously due to several macro economic events but at the same time the strength of the dollar is weakening so we've begun price appreciation far earlier in this cycle than 2016, albiet slower than 2012 it would appear but the dollar was much weaker overall in 2012.
The 2016 post halving price of BTC was down for months after it and the correlated to a strong and strengthening dollar. Whereas this 2020 halving the price almost immediately appreciated from that point, obviously due to several macro economic events but at the same time the strength of the dollar is weakening so we've begun price appreciation far earlier in this cycle than 2016, albiet slower than 2012 it would appear but the dollar was much weaker overall in 2012.
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