Bitcoin & the Halving Cycles: The Math Behind the Floor at 43300Bitcoin Halving Cycles: Logarithmic Decay, Structural Floors, and the Road to $200K
(SPANISH VERSION BELOW)
## The Pattern
Bitcoin's price history is not random. Since the first halving in November 2012, every cycle has unfolded through three distinct phases:
— **Bull phase** (~12 months): Explosive price expansion from the post-halving low.
— **Bear phase** (~13 months): Sharp correction from the cycle's all-time high.
— **Recovery phase** (~22–23 months)
