Using past events as a yardstick, Bitcoin halving usually brings about a surge in the price, but in all, the supply/demand ratio plays the most vital role in determining what becomes of its price. Taking the supply/demand ratio into consideration, after a successful Bitcoin halving, the scarcity of the asset will increase. Now, for there to be an increase in its price, there must be a high demand for the asset.
The industry has witnessed an increase in activity in all things relating to cryptocurrency for the last four years. Bitcoin has seen more media time and has become an important part of several sectors. As its halving approaches, it is predicted that a lot of people will be taking chances with the asset with hopes of cashing out big since previous patterns have shown such to be a possibility.
So, if what happened to the price of Bitcoin, considering past halving, manages to occur again, then we may yet witness a mad rush by traders to purchase the asset in order to be a part of its rising price. These actions will trigger the increase in demand for the crypto asset, leading to the increment of its price.
The next halving of bitcoin is really far ahead. I heard it would be in 2040 or so am not sure though but the question is, will bitcoin survive to that point