The spot price of bitcoin has posted an 8% increase since the fourth halving was completed on Saturday, April 19.

According to analysts at QCP Capital, investors may have to wait around two or three months for the bitcoin halving's supply constraint to impact the market.

"The previous three halvings saw spot price move higher exponentially only 50-100 days after the actual halving day. If this pattern is repeated this time, bitcoin bulls still have weeks to build a larger long position," the analysts said in a Tuesday report.

Bitcoin supply and demand dynamics

According to Bitfinex analysts, the restrained bitcoin supply issuance post-halving is stabilizing the price and could encourage further price appreciation.

"The reduced daily issuance rate of bitcoin post-halving, estimated to …