Bitcoin’s price history exhibits a cyclical rhythm connected to its halving events, which occur every four years or so and reduce miner rewards by half. Earlier halvings, in 2012, 2016, and 2020, prompted giant rallies within 12 to 18 months. The 2020 halving, for instance, saw Bitcoin jump from $10,000 to nearly $69,000 in November 2021.
The most recent halving, in April 2024, cut the block reward in half to 3.125 BTC, tightening supply. If the history repeats, 2025 could witness a repeat post-halving boom, doubling the present $100,000 level. But history is not certain, each cycle has evolved with greater adoption and regulatory focus.