The Bitcoin halving occurs about once every 4 years. And, the last time that it happened, the price was $9,670, but it was 518 days before the halving that the bear market low was hit. In fact if we look at the last 3 halvings, the bear market low was on average 490 days before the halving event. If history repeats itself, the bear market bottom has already occurred at $15,632. It is 488 days before the next halving on March 23, 2024.
The BTC halving event is when the reward for mining is cut in half. It reduces the amount of new BTC that is created, and in the past, this has resulted in boom and bust cycles.
The BTC halving event is when the reward for mining is cut in half. It reduces the amount of new BTC that is created, and in the past, this has resulted in boom and bust cycles.