The fact that the Bitcoin (BTC) price has a post-halving rally that occurs every four years triggers the belief that a new bull season may be coming. Now it is being discussed whether the cryptocurrency markets will start halving pricing again.

There is a Bitcoin halving event every 210,000 blocks, and the mining rewards are halved. Based on the average completion of a block in 10 minutes, it takes a little less than four years to build 210,000 blocks. The first halving took place on November 28, 2012, and the mining reward was reduced from 50 BTC to 25 BTC. The second half took place on July 9, 2016, and the mining reward decreased to 12.5 BTC.

The third and last halving took place on May 11, 2020, and it was noted that the mining reward fell to 6.25 BTC. The upcoming fourth mining reward halving is expected to take place on April 12, 2024, and the mining reward is expected to decrease to 3,125 BTC. Historically, BTC, which has recorded new ATHs in the 1 year following halving, is now discussing the possibility of a new rally.

Many well-known names say that 2024 is a bullish time for Bitcoin and altcoin markets. Elon Musk, who is one of these names, recently pointed to the spring of 2024. Similarly, Peter Brant also reported that the year 2024 will be a harbinger of growth and ATH may come for Bitcoin in 2025. December April 12, 2024 According to the Binance halving counter, the halving of BTC may take place on April 12, 2024, which coincides with the date range indicated for the rise.

The Impact of Macro Factors on Bitcoin Can Be Seen

Cryptocurrency markets were used to seeing a macro price peak within a year after each block halving of Bitcoin (BTC). But now, price action is considered less predictable. Experienced cryptocurrency analyst William Suberg draws attention to the impact of macroeconomic factors on the reduction of predictability. According to analyst Suberg, halving pricing may lag behind macro factors:

“Although the factors controlling it are many and various, it does not mean that the bulls will break at a different point in the current cycle. But overwhelmingly, macro triggers are being pointed at as what could keep Bitcoin under pressure until then”. #BTC #halving #Meme #crypto2023 #Binance