The Bitcoin Trend to $100,000

One of the most influential factors in Bitcoin price predictions is the recent Bitcoin halving event, occurred in April 2024. This event, which occurs roughly every four years, cuts the reward for mining Bitcoin in half, effectively reducing the supply of new Bitcoin entering the market. Historically, Bitcoin halvings have been followed by significant price increases. For example, post-halving price surges have been observed in past cycles, leading some analysts to forecast that Bitcoin could reach new all-time highs of $100,000 now two months after the 2024 event