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Bitcoin Price Forecast: Exploring Potential Peaks in the Next Bull Run

Bitcoin, the pioneering cryptocurrency, has experienced significant price fluctuations since its inception. This analysis aims to forecast potential price peaks during the next bull run, considering historical trends and market cycles.

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Cryptocurrency Price Rates

Avalanche

39.73 $

BNB

577.98 $

Bitcoin

66879 $

Bittensor

387.66 $

Cardano

0.48 $

Chainlink

16.29 $

Dogecoin

0.15 $

Ethereum

3114.97 $

Litecoin

84.13 $

Monero

135.69 $

Polygon

0.77 $

TRON

0.12 $

XRP

0.62 $

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Halving is a unique mechanism used in cryptocurrencies like Bitcoin to limit the number of coins in the market, potentially increasing their value. During a halving event, the reward for miners is halved. This process repeats at regular intervals - for Bitcoin, every 210,000 blocks. The next Bitcoin halving is anticipated to occur around April 12, 2024, when the reward for miners will decrease from 6.25 BTC to 3.125 BTC, happening at the mining of block number 840,000. The exact date and time of the halving are not fixed, as they depend on the speed of block mining. Halving is not exclusive to Bitcoin and also affects other cryptocurrencies like Litecoin, Bitcoin Cash, and Ravencoin.

This event has already occurred.