What is the Bitcoin (BTC) Halving? Will Bitcoin Price Really Be $100K Next Year?

[zaki12]

No one knows for sure when the next halving will occur, but experts predict it will happen in April 2024. Bitcoin hit an all-time high or what we commonly know as the all-time Hay at $69,045. Many experts do not hesitate to share their predictions for the future of Bitcoin with halvings which will help reduce the speed of adding new Bitcoins and keep BTC circulating to avoid true inflation.

What is the effect of the Bitcoin halving on the price of Bitcoin, is the growth of Bitcoin also affected, then does our previous Bitcoin trading strategy have to change too? this time we will discuss one of the most important events in the world of crypto Bitcoin halving, there are many other factors that affect the price of Bitcoin, one of which is not the least of the many people who took part in analyzing the price of Bitcoin after the halving occurred. Talking about halving, what is the definition of Bitcoin halving according to investopedia ^[1] every 210,000 blocks in the mine or roughly every 4 years the block reward that will be given to Bitcoin miners for processing transactions will be cut in half. Well, this event is called a halving because it halves the new Bitcoin that is released into circulation. And This is Bitcoin (BTC)'s way of forcing synthetic price inflation until all the Bitcoins are released.

What about the impact, What is the impact of Bitcoin on the economy also there is the Bitcoin algorithm also indicates it will happen after a certain number of blocks are created, no one knows for sure when the next halving will happen. But experts predict the next halving will occur in April 2024. Richard Bikers of Information Technology advises investors to be careful with the next Bitcoin halving. With less mining, prices tend to stabilize. David burger CEO of the trading platform said that the most important thing investors should think about is the growth of the network as a whole. Is it true that business prices will increase during halvings What makes halvings happen What about Bitcoin investment safety. so according to the usual action, the price of Bitcoin always experiences a significant increase after a halving event. Judging from the 3 previous halving events, significant price increases usually start after 6 to 12 months prior to the event, Bitcoin prices tend to rise.

because investors expect self-esteem after the halving but in fact whether the price increase will always occur after the halving event. actually it's still not certain because seeing the conditions that occur after the halving are not necessarily the same. When talking about history, the history of Bitcoin halving Since it was first carried out in 2012 and then again in 2016 and 2020. The first Bitcoin halving occurred when the reward for mining 1 block was reduced from 50 to 25 bitcoins (BTC) and according to cointelegraph^[2] coin of the year 2016 which has an incentive reduction event to 12.5 Bitcoin (BTC) on each block mined and on May 11, 2020. each new block mined only generates 6.25 BTC hence the next Bitcoin halving is expected in 2024. system expected will continue until around 2140. Bitcoin price BTC was trading around $12 when the first halving occurred on 28 November 2012 after that 1 year later Bitcoin increased to almost $1000, the second halving occurred on 9 July 2016 and Bitcoin price fell to $870 but managed to rise again until touch $2550 . in July 2017 Bitcoin hit an all-time high or what we commonly know as the all-time Hay at $19700 in December 2017.

cointelegraph.com

in May 2020, the Bitcoin price traded at $8,787 and exploded in the following months as the volatility of the Bitcoin halving continued to increase as it got closer and Investors could benefit from rising or falling prices by trading during the volatility. volatility measures the strength of daily price fluctuations and calculations usually use periods of 30 60 and 365 days to analyze historical data increased volatility occurs because there is significant uncertainty around halvings, apart from the positive impact, there is no constant demand to buy Bitcoins due to the reduction in supply caused by halvings does not immediately give visible results. So what about Bitcoin price predictions after the halving, Anthony Scaramucci [3] calls 2023 a year of recovery for Bitcoin and predicts that Bitcoin price is likely to trade between $50,000 to $100,000 in 2 to 3 years right after the halving event.

Sorry and please correct if there is inaccurate information and data, I just want to share what I know now. How much do you think Bitcoin Price Next Year Will Be $100K?

Source
1. https://www.investopedia.com/bitcoin-halving-4843769
2. https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter
2. https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html

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[Yamane_Keto]

It is not a linear relationship between Bitcoin (BTC) Halving occurs and Bitcoin price increase, but its effect on the long term is positive because it affects supply.
In the previous cycles, the price needed about several months before we saw a clear positive rebound for Halving.
do not expect that we will get $100K after a day or a week of Halving, but there is a high probability that we will get it within a year to 3 years after that.
Most people will not read all of the post, there is no need for all these blocks of writing to explain basic concepts that may affect the price of bitcoin.

[ShowOff]

Sorry and please correct if there is inaccurate information and data, I just want to share what I know now. How much do you think Bitcoin Price Next Year Will Be $100K?

After all what you've said is basically can fundamentally support, however I don't see how your assumptions about the bitcoin price could be, so can I get your opinion on the next bitcoin price as well instead of just asking for opinions?

Halving is basically an event that will always occur in a 4-year cycle, this moment is expected to affect the price even though several other factors have significantly made the price reach its highest point. Increased adoption, involved of some big investors and FOMO are some of the things that have made the demand for bitcoin rise. $100K is a possible target after the halving, but let's see how bitcoin journey in the years leading up to the halving.

[_BlackStar]

There's no definitive conclusion on whether halving can dictate price moves higher than before, but history has proven it to be. The halving will drive more interest in bitcoin especially for anyone expecting returns, so in itself the impact on the price can be expected to be positive.

I can expect the price to reach $100k in the long term regardless if it is affected by the halving or something, but this will definitely need ongoing process and support.

[Don Pedro Dinero]

I don't know about next year, but definitely next cycle. You have to think that the bull run is usually one year after the halving, so we would be talking about 2025. In any case, I think that is the minimum barrier to cross. Not going over 100,000 next cycle would be a catastrophe for price expectations.

I am more hesitant about $200,000, which, if breached, would be a x3 from the highs of this cycle. I think that target is more difficult.

[adaseb]

There is just way too much mess going on with the economy right now. We got crazy inflation that we assumed would of topped and the fed wouldn’t raise rates anymore and Wall Street and crypto were happy.

Then we got bank crisis issues which is causing fed balance sheet is expand and last night we got the oil production cuts which will make the energy inflation go higher. So most likely we aren’t getting cuts anytime soon.

[lizarder]

The halving will occur once every four years in bitcoin's journey cycle, but to my knowledge there is no certainty that price will determine the move higher, even though the previous halving provided a new price for bitcoin or rather as we saw in the previous halving. Meanwhile, to explain what halving is, you have explained it in detail according to the source you used and it is very clear for common knowledge for some people.

But if there is a question whether the halving will go according to the year that people often say, then the answer is also very clear with several previous halvings. Anyone can expect $100k-$200k, but not sure when it will happen, the highest price of bitcoin in the previous halving almost touched $100k and it is likely that the next halving will pass that price.

[jossiel]

Give it an additional year after the exact time when halving happened.

That's mostly where we're going to see another ATH and it did happened many times and that's why we just go with the flow and the based on how the history went.

There is just way too much mess going on with the economy right now. We got crazy inflation that we assumed would of topped and the fed wouldn’t raise rates anymore and Wall Street and crypto were happy.

Then we got bank crisis issues which is causing fed balance sheet is expand and last night we got the oil production cuts which will make the energy inflation go higher. So most likely we aren’t getting cuts anytime soon.

I'm not sure with that but the printing of money happened during the pandemic and it was exactly  on par with bitcoin's 4-year cycle.

It's true that many things have been happening lately and it's adding uncertainly to most of us but we'll get to see if by these factors will contribute to the next ATH and cycle.

[Captain Corporate]

Not sure about next year, but a possibility exists for the year after that. Usually the halving itself does not bring that profit, but a year later it happens. Look at 2020 and halving, and look at 2021, or look at 2016 halving, and look at 2017. These are all proves that there is this "follow up" bull run and I am guessing that there is a chance we could see that, possibly of course. It could also turn out to be something much more different and maybe it will go up in 2024, or it may not go up in either of the years, who knows? This is why we should be careful about what we are doing and not go crazy with expectations.

[Baofeng]

I guess this is what everyone is hoping to see, the price hitting $100k, and this is also the prediction of some well known model, back then that by the end of the bull run in 2022, we will hit 6 digits. But we all know that it didn't happen right. I would agree that this is just a prediction, a wild educated guess that everyone can make, and that there are no experts here.

However, it seems that there are a lot of factors that might contribute to the price hitting that $100k or more, right now we have the banking crisis and maybe there will be next big banks that are going to fall maybe next year that might fuel individuals, not just wealthy investors buy a simply average joe like you and me that will go and put our money into bitcoin because we don't want to lose it's value.

And if there is something that I've learn here, just continue to accumulate as little as you can and HODL on it till the next bull run. If we touch $100k then good, congrats, profits coming our way. If not, we still have our Bitcoin, and you can decide when to sell it.

[dunfida]

In every upcoming halving of Bitcoin then most people on the community would really be having that kind of impression when it comes to new ATH that would be break out which is something a normal approach whether

these things could happen before or after halving.This is why lots of people been anticipating that we would really be heading on that way but speaking about specific numbers, then no one really knows on where

it would be stopping.There's no way that we could be able to point out whether it would be breaking to 100k or would be still playing on lower levels on what we are having now.
We dont know on what the future do looks like.

[LFC_Bitcoin]

If it’s not in 2024 it’ll definitely be in 2025. $100,000 is very likely in that timeframe due to increased adoption, people looking for somewhere safe to invest their money as inflation runs wild, plus of course the halving. The reduction in supply of newly mined coins is amazing how so far, every time we’ve seen it as the catalyst of big bull runs to new all time highs.

I’m excited to see how high the price can go, I predict somewhere between $150,000 to $200,000 as the top of the next bull run (before 2026). It would be less than 3 x the previous high of $69,000 so definitely achievable.

[michellee]

Not sure about next year, but a possibility exists for the year after that. Usually the halving itself does not bring that profit, but a year later it happens. Look at 2020 and halving, and look at 2021, or look at 2016 halving, and look at 2017. These are all proves that there is this "follow up" bull run and I am guessing that there is a chance we could see that, possibly of course. It could also turn out to be something much more different and maybe it will go up in 2024, or it may not go up in either of the years, who knows? This is why we should be careful about what we are doing and not go crazy with expectations.

I think everything will change when more people get involved in crypto. And maybe at the next halving, the price will not increase immediately but gradually. Next year is still a mystery; we can't guess and can only hope to make big profits again.

Next year's halving has many speculating that the price could jump to over $100k. But whatever the price may increase, we must be more prepared for its arrival and not just listen to speculation from other people without doing an analysis. And if the bitcoin price can be over $100k, it is a big profit for us again.

[fuguebtc]

 And if the bitcoin price can be over $100k, it is a big profit for us again.

Big profit or not depends on how many bitcoins you own. Bitcoin will have a new ATH or hit $100k it's just a matter of time it's important to us if we have a lot of bitcoin, it will benefit us, but if we don't have bitcoins, the price increase is also useless. Many people predict bitcoin to hit $100k, but I predict $150k or more, so I want bitcoin to drop more or not to rise in price too fast so I can accumulate as much as possible.

[rat03gopoh]

The two previous halving side effects (ATH price) have been delayed for a year. I think people will draw the same conclusion for the next halving event, but $100k is an easy going price which is very close to the last ATH. Except that people's confidence is higher than before which made them buy in a big way in the month around the halving event.

[Oceat]

The two previous halving side effects (ATH price) have been delayed for a year. I think people will draw the same conclusion for the next halving event, but $100k is an easy going price which is very close to the last ATH. Except that people's confidence is higher than before which made them buy in a big way in the month around the halving event.

It's definitely gonna be like that since there's too much going on in the world that affected all of the economy in the world. But we don't know what would be the ATH price of BTC during that time, perhaps it would be $100k or more if we compare the previous ATH price.

I think whales are the ones responsible of pumping the price of Bitcoin and if there's a FOMO most people wouldn't make that huge pump in the market. It's the institutional investors and whales are making the market to pump up.

All we have to do is wait or buy if there's a dip and most people will definitely choose to invest during the FOMO which is kind of frustrating to think although it's their decision that made that way. They just don't know when is the right time to enter the market.

[Ndabagi01]

There has been some correlation between bitcoin halving and the next ATH price of bitcoin after the bitcoin halving event has occurred. However, the rise in the price of bitcoin cannot be proven to be caused by the halving, but its effect is usually visible after some time.

Today, many people are looking forward to the next bull run, which they all believe will happen after the halving. Many people want to buy and hold bitcoin in order to not miss out on this fantastic opportunity. The increased purchase of bitcoin leads to an increase in its price. As a result, not only can halving cause a price increase.

[Dave1]

If it’s not in 2024 it’ll definitely be in 2025. $100,000 is very likely in that timeframe due to increased adoption, people looking for somewhere safe to invest their money as inflation runs wild, plus of course the halving. The reduction in supply of newly mined coins is amazing how so far, every time we’ve seen it as the catalyst of big bull runs to new all time highs.

I’m excited to see how high the price can go, I predict somewhere between $150,000 to $200,000 as the top of the next bull run (before 2026). It would be less than 3 x the previous high of $69,000 so definitely achievable.

Factor of at least 2.5-3x is the target or at least what the prediction will be in 2024-2025. So we might see highs around 2024, but definitely the top could be seen late 2025, just like the previous bull cycles.

So just to think about that all time high in the future gives me shivers, Lol.

I mean we should all be excited for that run, however, to fully benefit from it, one should still accumulate at this price range.

[mich]

Well I think it's highly probable that Bitcoin will reach 100k in 2025 the year after halving. If you look at the historic trajectory of BTC it's clear that its growth has been consistent and the value rises with growth.
This is due in part to the fact that it is in limited supply. Moreover, I believe we are headed for serious inflation in the coming year and I feel that BTC is a great way to store value. On the other hand, it is also clear that there have always been corrections and that is where we are today.
My prediction is that adoption will continue to increase globally and utility for the blockchain and cryptocurrencies in general will drive BTC to new heights for the foreseeable future. However, there may be some turbulence along the way but I'm a long hold on BTC so that doesn't concern me.

[michellee]

 And if the bitcoin price can be over $100k, it is a big profit for us again.

Big profit or not depends on how many bitcoins you own. Bitcoin will have a new ATH or hit $100k it's just a matter of time it's important to us if we have a lot of bitcoin, it will benefit us, but if we don't have bitcoins, the price increase is also useless. Many people predict bitcoin to hit $100k, but I predict $150k or more, so I want bitcoin to drop more or not to rise in price too fast so I can accumulate as much as possible.

At least, the value of our investment can increase, maybe 2x-3x the value of the money we use. That means a huge profit for us, even if our amount is still very small compared to what other people have invested. Especially if the bitcoin price reaches $ 100k in the next bull run, it will make many people who invest in bitcoin also get big profits.

Regarding speculation on the highest bitcoin price, each of us has it and we want to sell it at the highest price. The important thing is that we can set the selling price we want and it's not too late to buy bitcoin at a low price.