Prices tend to rise with fewer new bitcoin in the open market as long as demand remains constant or increases. BTC jumped above $73,000 to new lifetime highs ahead of the April 14 halving – with some targeting a continued rally to as high as $160,000 by the end of this year. However, prices have largely fluctuated in the $59,000 to $65,000 range since then, nearing a 300-day sideways action record from 2016.
Source: https://www.coindesk.com/markets/2024/10/11/bitcoin-on-track-for-record-sideways-action-with-eyes-on-november-elections-as-bullish-catalyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines