Bitcoin will complete its fourth halving on April 28, 2024, and the block reward will be reduced from 6.25 Bitcoins to 3.125 Bitcoins, further reducing Bitcoin’s output and selling pressure. According to data compiled by K33 Research on the first three Bitcoin halvings, the average return of Bitcoin in the 50 days before the halving was 30%, and the average return in the 50 days after the halving was 3%.
