Bitcoin’s Next Halving Nears as Market Eyes $100K – What’s Next for BTC?
Bitcoin (BTC), the world’s largest cryptocurrency, is once again at the center of attention as the highly anticipated 2026 halving event approaches. Scheduled for April, this halving will cut miner rewards from 6.25 BTC to 3.125 BTC per block, reducing new Bitcoin supply by 50%. Historically, each halving has triggered a massive bull cycle, pushing BTC to new all-time highs.
Why the Halving Matters
Bitcoin’s supply mechanism is coded into its protocol, with halvings every four years to maintain scarcity. Analysts argue that the upcoming cut could drive BTC past $100,000, fueled by increasing institutional demand, rising adoption, and the recently approved Bitcoin spot ETFs in the U.S.
Market Action & Key Levels
BTC is currently trading around $64,850, with bulls and bears fighting at the critical $65K resistance. A decisive break above $66,200 could send the coin toward $70K, while strong support remains near $61,500.
In the past 24 hours, Bitcoin futures saw $112 million in liquidations, with $90M from long positions as traders overleveraged during the recent rejection. Despite this volatility, on-chain data shows strong accumulation from long-term holders, a bullish sign for the months ahead.
Institutional Tailwinds
Since the launch of Bitcoin ETFs earlier this year, Wall Street has poured billions into BTC. BlackRock’s iShares Bitcoin Trust alone now holds over 250,000 BTC, making it one of the largest institutional accumulators of the asset.
The Road Ahead
If Bitcoin follows its previous post-halving cycles, analysts expect a supply shock rally extending into 2026–2027. However, risks remain: U.S. regulatory pressures, macroeconomic uncertainty, and potential miner capitulation could slow momentum.
📊 Key Levels to Watch:
Resistance: $66,200, $70,000
Support: $61,500, $58,800
Psychological Level: $100,000
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