We are just a few weeks away from completing the fourth halving in BTC history. Cryptocurrency analysts and experts offer their views on what could happen in the coming months. History shows that the price of Bitcoin reacted quite positively to the cycle starting with the halving. After all, the production of new BTC is halved, and if the demand for the asset remains the same or increases, the price should rise.

The first halving occurred at the end of November 2012 and reduced the production rate from 50 BTC to 25 BTC per block. The price of the cryptocurrency was quite sluggish on the day of the event. However, the following months brought a massive bull market, increasing profits by 9,500% in just one year ($12 to $1,166).

The fourth halving is different in that Bitcoin has already exceeded its previous all-time high and set a new one in early March, just under $74,000. It will be interesting to monitor the asset's price movement in the coming weeks, on the day of the event and, of course, in the following months. Some forecasts predict a price of around $200,000 for this cycle.