How do halving events affect the price of Bitcoin (BTC)?

Historically, Bitcoin halvings have often preceded significant bull runs in the market, as investors anticipate the potential price appreciation that may follow such events.

Bitcoin halving events stand as pivotal moments in the cryptocurrency landscape, exerting a profound influence on the price trajectory of Bitcoin (BTC).

These occurrences, occurring approximately every four years, have garnered immense attention from the crypto community worldwide, as they are widely regarded as potential catalysts for market movements.

However, it's worth noting that the market's reaction to Bitcoin halvings is not always predictable, and other factors, such as macroeconomic conditions and sentiment, also play a role in determining the price trajectory.

The underlying mechanism behind Bitcoin halving is the reduction in the block reward given to miners, effectively halving the new supply of coins entering the market.