Bitcoin Halving Promises New Market Dynamics as Miners Adjust to Reduction in Rewards

Halvings are programmed to occur every 210,000 blocks, creating a distinct time frame lasting approximately 4 years between these events. Over the past four years, historically there have been highs, lows, up cycles, and down cycles. Historically, the largest price increases have been in the months surrounding halvings. This is a result of the supply shock caused by the halving. After reaching a new supply-demand balance, the price peaks, followed by rapid selling until the BTC price finds a bottom or trough. This is typically 12 to 18 months after the half-life. Once the bottom is reached, the price plummets and steadily rises until it approaches halving, and the cycle repeats.