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Historical price trends of Bitcoin, one week before and one week after the halving events that occurred in May 2020 and July 2016.

1. **May 2020 Halving**:

- One Week Before: In the week leading up to the May 2020 halving, Bitcoin's price experienced heightened volatility and speculative trading. Traders and investors anticipated the halving event, leading to increased buying pressure and a gradual uptrend in prices. Bitcoin's price ranged between approximately $8,500 and $10,000 in the week preceding the halving.

 - One Week After: Following the halving, Bitcoin's price initially exhibited mixed reactions, with some short-term selling pressure as traders took profits. However, this was quickly followed by a notable uptrend, as the reduction in new supply entering the market drove increased demand and scarcity. Within a week after the halving, Bitcoin's price surged past $10,000 and continued to rally, eventually reaching new highs in the months that followed.

2. **July 2016 Halving**:

   - One Week Before: Similarly, in the week leading up to the July 2016 halving, Bitcoin's price experienced upward momentum fuelled by anticipation and speculation. Traders and investors closely monitored price movements, leading to increased trading activity. Bitcoin's price ranged between approximately $600 and $700 in the week preceding the halving.

   - One Week After: Following the halving, Bitcoin's price exhibited a more gradual uptrend compared to the May 2020 halving. There was less immediate price action, with some consolidation and minor fluctuations as the market adjusted to the reduced block rewards. However, within a week after the halving, Bitcoin's price began to steadily climb, setting the stage for a more prolonged bull run in the months and years that followed.

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Overall, both before and after the halving events, Bitcoin's price experienced heightened volatility and speculative activity. However, the exact price movements varied depending on factors such as market sentiment, macroeconomic conditions, and investor behaviour. In both cases, the reduction in new supply entering the market eventually led to increased scarcity and upward pressure on prices, contributing to sustained bull markets in the aftermath of the halving events.

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