Bitcoin's fourth halving and its impact
Continued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action

Continued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action
Grayscale believes that when investors are uncertain about the medium-term prospects of fiat currencies, they will seek assets with this kind of verifiable scarcity. (e.g. Bitcoin) Currently, this uncertainty seems to be rising.
Just as the crypto market was still collectively boiling, traditional financial giant JPMorgan Chase poured cold water on it at an inappropriate time: "Analysts predict that the price of Bitcoin will fall to $42,000 after the halving."
JPMorgan anticipates Bitcoin's rally before the halving, noting its current surge and limited upside potential. They highlight the flow of Bitcoin and upcoming catalysts while expressing concerns about Tether and potential regulatory oversight.
This “scarcity” brought about by Bitcoin’s halving is more of an emotional reaction. I think even if it has an impact on the price of Bitcoin, it will only be an emotional impact, not a substantial mechanical impact.
Bitcoin miners' recent sales and market resilience precede the halving event, stirring predictions of a significant price surge, potentially elevating Bitcoin to rival traditional store-of-value assets.
Bitcoin has gone through a halving event three times in its history – in November 2012, July 2016, and May 2020.
The last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend, according to Santiment.
The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.