Posted 2/16/2024, 7:02:00 PM
Bitcoin Price Eyes New Highs Ahead of April Halving Event That Could Further Boost Value
- Bitcoin's next "halving" event expected in April, which cuts the reward for bitcoin mining in half about every 4 years
- History shows bitcoin price often rises significantly in months after a halving event
- Bitcoin has gained 20% year-to-date in 2023, building on 150% gain in 2022
- Some analysts expect next halving to send bitcoin to a new all-time high, last hit at nearly $69,000 in 2021
- Bitcoin rose strongly in months after each of its three previous halving events, though past performance does not guarantee future results