As the halving in 2024 approaches, the Bitcoin community is eagerly anticipating the event. In a YouTube video, analyst Rekt Capital highlighted that data analysis indicates a significant price increase is likely to occur 40 days before this event.

This growth, which has been observed in previous cycles, is attracting attention even from the world of traditional finance.

It is worth noting that in 2015 and 2016, the market experienced declines of 18% and 40%, respectively. This is why forecasting the future price trajectory of Bitcoin is a challenging task. The market's emotional state can often unpredictably influence the price.

This year, the approval of a new exchange-traded product in the form of a spot ETF related to BTC in the United States has a strong impact on the rise in the Bitcoin price. For example, on the evening of January 8th, the price of the main cryptocurrency increased by $3,000 and reached a level above $47,000.

In previous cases after halvings, we observed a period of consolidation, which often led to sharp rallies and reaching new highs. This year, with a high probability, we can expect stable growth with minor price corrections, supported by continuous investments and increased demand due to a significant reduction in supply.