The Bitcoin halving is less than 30 days away. Should investors expect a new all-time high or is the event already priced in?
Institutional investors’ strong demand for buying the spot Bitcoin ETFs and BTC’s history of strong outperformance around the supply-halving event are thought to be the main reasons for Bitcoin hitting new all-time highs in 2024.
The Bitcoin (BTC) halving has previously been associated with bull markets, with the price displaying a parabolic uptrend and a price peak in the months following the event. Halvings happen every four years and reduce miner block rewards by 50%. The next halving is roughly 3 days away and will reduce block rewards from 6.25 BTC to 3.125 BTC.
Historically, BTC price bull runs have been linked to halving events. Expectations of decreased supply and rising demand have previously resulted in exponential price growth and positive market sentiment.
