The Halving Mechanism of $BTC BTC**

The supply of BTC is controlled by 'halving', where the block reward is halved every four years, and the cap of 21 million coins highlights its scarcity. After the fourth halving in 2024, the reward per block will drop to 3.125 BTC. Historical data shows that BTC often experiences a bull market one year after halving; for example, in 2021, the price soared to $69,000. In 2025, BTC prices are expected to fluctuate between $85,000 and $90,000, with analysts predicting the next target at $120,000. However, does the halving effect still hold its magic? Market maturity and institutional participation may weaken its influence.