Bitcoin is one year away from a major technical event. History suggests the start of another bull run

Bitcoin is up 80% since the start of the year. History shows the cryptocurrency tends to do well in the run-up to its so-called "halving."

Highlights

One bitcoin was worth roughly $30,000 as of Wednesday morning, according to data from CoinGecko.
The world’s largest cryptocurrency is up by more than 80% since the start of the year.
Bitcoin halvings take place roughly every four years, or every time another 210,000 “blocks” are added to the blockchain.
The event cuts the rewards to bitcoin miners by 50%, effectively limiting supply of the token.
The maximum number of bitcoins that will ever exist in circulation is capped at 21 million.
The last halving of Nov.

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