Bitcoin price could soar ahead of Halving expected in April-May 2024

Bitcoin price could skyrocket before Halving scheduled for April-May 2024.

Halving is the process by which, every 4 years, Bitcoin miners receive for their mining work, 50% less than what they usually receive for the Satoshi cryptocurrency.

Below is a chart summarizing this phenomenon since the first Halving, which was in 2012.

The last Halving was in 2020, after which the Bitcoin reached its highest historical value, $69,000.

The following table is taken from:

The graph shows the historical trajectory of the bitcoin price months before and months after each holding, the logic of its price movement is bullish before and after each holding.

Let's take a look at the following table:

It has summarized all the indicators on which Bitcoin price predictions are based for the months after the next Halding .

Taking these indicators into consideration, the cryptocurrency is expected to start skyrocketing in value, and according to Tarekonchain, from the firm Cryptoquant there is "a high probability of a substantial increase after the fourth halving, which could last until April-August 2025 and surpass the previous all-time high of $69,000.