A bitcoin halving (sometimes ‘halvening’) is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. Bitcoin halvings are scheduled to occur once every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network.

Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong.

While this has happened in the months before and after previous halvings – causing bitcoin’s price to appreciate rapidly – the circumstances surrounding each halving are different and demand for bitcoin can fluctuate wildly.

Considering the current bull run it is expected to go higher and higher, I see #BTC price reaching $75k come APRIL. And it will definitely influence many other Cryptocurrencies.

The next bitcoin halving is expected to occur in April 2024, when the number of blocks hits 740,000. It will see the block reward fall from 6.25 to 3.125 bitcoins

Bitcoin last underwent a halving event on 11 May 2020 – where rewards for mining became 50% lower, falling from 12.5 new bitcoin per block to 6.25 bitcoin. The tightening supply provided a bullish scenario for the asset where the coin's price surged from $6877.62 on 11 April (a month before the halving) to $8821 at the time of the event itself. Despite significant volatility, the price continued to rise over the course of the next year to reach $49504 on 11 May 2021.

A similar pattern emerged surrounding the previous halvings in 2012 and 2016 where the strongest period of upside came post halving and then, despite a significant drop in value around 12-17 months later, the price remained much higher than it was prior to the halving.The similar scenario is about repeating itself.

Good luck all $BTC #BINANCE $PEPE #Solana🚀 $ETH #BNB #PredictAndWin #Write2Erarn