Published on August 22, 2023 08:30 GMT+00:00edited on August 22, 2023 08:34 GMT+00:00

In a recent analysis titled “2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving,” Blockware Intelligence delves into the intriguing possibility of Bitcoin’s price reaching $400,000 during the next halving epoch. The report takes a comprehensive look at the factors contributing to Bitcoin’s unique market cycles and the potential impact of the upcoming halving on its price trajectory.

Unlike traditional commodities, BTC boasts an algorithmically determined supply schedule that remains unalterable. The research highlights the critical role of the mining subsidy halving in driving BTC’s cyclical price nature, underpinned by its transparent blockchain and predictable supply schedule.

1. Bitcoin Halvings Reduce Sell Pressure

A central factor …