Bitcoin (BTC) is poised for a significant rally in the next 50-100 days, fueled by its four-year halving cycle. Historically, halving events have led to new record highs just months after the supply reduction. With no signs of a deviation from this pattern, a similar outcome is expected this year.

The approval of Bitcoin-based ETFs by the US SEC in January 2024 has pushed BTC to a new record high of $73,750. While the post-halving period has been lackluster so far, a significant rally is expected in the final quarter of the year.

Despite BTC’s recent loss of 8.5% in the past week and 10.47% in the past month, the long-term outlook for BTC remains promising. With a 20.13% drop from the all-time high and recent peak of $65,593.24 in August, everything is ready for a potential recovery and significant price growth.

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