Bitcoin’s decline since the April 2024 halving is starting to look similar to market movements ahead of the 2016 bull run, according to veteran trader Peter Brandt. In a post on X on Aug. 5, the analyst said that the “BTC decline since halving is now similar to that of the 2015-2017 halving bull market cycle.” Brandt compared the depth of the market corrections since the halving dates noting they were very similar. In 2016, the Bitcoin (BTC) halving was on July 9 and the asset price on that day was $650. The markets retreated during that cycle to a subsequent low of $474 in a 27% post-halving …