Extending the time frame Bitcoin's price is indeed spiraling upward But in terms of the four-year block reward halving cycle around Bitcoin BTC does follow the adjustments as @heyibinance mentioned 1000 - 200 20000 - 3000 60000 - 17000 As Bitcoin's market size grows larger The adjustment range gets smaller and smaller But it still drops by at least half Dropping by half is a good thing It cleans up the chip structure Leaving room for multiples in the next round of growth