Will the biggest catalyst relative to the historical price of BTC for this 2024 be halving?

Greetings again my dear friends I hope you are all very well, there are many parameters that have influence on the rise of the price of Bitcoin and these parameters have been present throughout 2023, so the price of bitcoin has had a remarkable recovery in its value, however, for this 2024 everything points to a rebound on a new historical value of the price of the cryptocurrency queen.

Of course, without a doubt, the biggest catalyst for the BTC price rally will be the halving, remember that this process only happens every four years and, it will join all the variables of constant impact on the BTC price, for example, inflation in the United States of America, exchange traded fund (ETF) applications, also regulatory factors, among so many other factors of impact on the BTC price, but, the main one I think will be the realization of the Halving.

Recall that the Halving is a mechanism where the amount of Bitcoin is reduced by half in relation to those received by miners, this important process is expected to take place between April and May of this year 2024, the truth is that this year 2024 promises to be a very fruitful year for the price of BTC and the entire cryptocurrency market, many companies specializing in the field expect that the price of BTC will break its historical value for this 2024, however, if it happens, it only remains to wait how far this figure will reach.

I think that the halving tool will always be the biggest recovery card of the bitcoin price, this aspect makes the market cyclical and thus effectively reducing the issue of this digital asset, at the time of writing this article the price of BTC is at $ 45,638, 95 as you can see in the following image:

Image obtained from Coingecko.com

In reality all this year 2024 the expectations will be positive, of course, we must wait for time to do its work and that everything is coming and that each element or variable described above is developed and impact on the price of Bitcoin, many analysts specialists predict a BTC above 100 thousand dollars, however, we should wait if this will happen for this 2024 or next year, the truth is that everything indicates that the historical price of BTC will be exceeded and thus positively impacting the entire cryptocurrency market.

Until another opportunity my dear friends.