BTC halving will occur when the number of blocks reaches 840,000 in April 2024. Then, the reward per block will decrease from 6.25 to 3.125 BTC. Usually, the bitcoin price rises for about six months before halving and is rather stable during the event. The primary growth occurs in the year following the halving. If Bitcoin mirrors its performance from the previous two periods, its price could reach the $220k mark in 2025.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 January 2024 – Bitcoin (BTC) halving will occur in April 2024, resulting in a 50% reduction in bitcoin mining speed. Historically, this event catalyses value growth and, therefore, attracts the attention of investors. To determine whether Bitcoin halving will push BTC to new heights, let’s explore and analyse the dynamics together.
