The Bitcoin halving is 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 new spot Bitcoin exchange-traded funds (ETFs) and Bitcoin’s history of strong outperformance around the supply-halving event are thought to be the main reasons for the cryptocurrency 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 30 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.
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Source: https://cointelegraph.com/news/is-the-bitcoin-halving-priced-in-analysts-compare-btc-price-targets-vs-previous-halvings