$100,000 dawns ahead for BTC after the upcoming Bitcoin halving event slated for 2024.

Bitcoin halving

Allhalvings are very important events in crypot; the halving of 2024 may easily take BTC beyond the $100,000 mark. This is how such an event might accelerate that process into history.

What is the Bitcoin Halving?

Every four years, Bitcoin blocks halves the number of rewards given to miners; thus reducing amounts of produced new supply. Only in 2024 will it halve the reward from 6.25 BTC per block to 3.125 BTC, slowing the inflation and making Bitcoin more tapering.

When Bitcoin Half Event Takes Place, It Might Lift BTC Price Up to $100,000. 

• Historical Price Movements after the Halvings: For example, during the 2012 Halving, the value started approximately at $12 and reached more than $1,100 in a single year. 
• The Halving of 2016: From about $650, the price took quite a sudden jump to $20,000 by the end of 2017.
• While in 2020: Bitcoin price jumped around from $9,000 to $69,000, directly in 2021, with previous all-time highs that year being about $20,000. 

Thus, from the historical patterns, one would expect a 5x-10x change in price from Bitcoin over the time span of 12-18 months following the halving, leading it above $100,000.

Supply Shock Meeting Growing Demand

The institutional adoption (ETFs, of corporate treasuries) has increased its demand. Because new BTC issuance slows down to less time, demand may outweigh supply soon.

Behavior of Miners Along with Sentiment in Market.

It is possible that miners will hold on to their BTC, declining selling thus diminishing market supply on the one hand while FOMO would be much likely driving retail and institutional purchase on the other.

Will BTC hit $100k in 2024?

• Bullish Case: Yes, $100,000 does seem attainable, if there are strong ETF flows and macroeconomic conditions (cutting Fed rates and controlling inflation) are improved. 
• Bearish Risks: In case of either a recession or some sort of regulatory crackdown, the much-awaited rally might be delayed.

Looking forward to that next Parabolic Move in Bitcoin 

There are lots of people out there just waiting for 2024 when the next halving event for Bitcoin is expected to bring in the next huge parabolic move for bitcoin. Of course past price moves are no guarantee whatsoever of future outcomes, but there are some real chances at around $100,000 for BTC considering issues like scarcity, institutional demand, and sheer historical precedent.