The recent Bitcoin halving event, known as Bitcoin Halving 4.0, has concluded successfully on April 19, marking a significant milestone in the cryptocurrency world. This event, occurring every four years, has now reduced the daily miner rewards from 900 Bitcoin to 450 Bitcoin. Despite the immediate impact on the BTC price being minimal, experts anticipate a notable surge in the next 12 months leading up to 2025.

The completion of the much-anticipated Bitcoin halving event on Friday triggered a programmed decrease in the creation rate of new BTCs. This adjustment, which occurs once every four years, halves the mining rewards and aims to limit the supply of new Bitcoins entering the market. The event officially took place at 8:10 p.m. New York time on Friday at block height 840,000, as verified by data from platforms like mempool.space and Blockchain.com. Following the halving, the Bitcoin price remained relatively stable, hovering around the $64,000 mark.

Despite differing opinions from financial institutions like JPMorgan and Deutsche Bank, who believe the impact of the Bitcoin halving has already been factored into the market, industry experts remain optimistic. Kok Kee Chong, CEO of AsiaNext, a digital-asset exchange, noted that while the halving was expected and priced in, the industry is now anticipating potential price movements and a rally in the coming weeks, especially with sustained institutional interest.

Looking ahead, the Bitcoin halving is projected to have a more significant effect on Bitcoin mining companies rather than directly influencing the cryptocurrency's price. This adjustment is forecasted to impact their revenue streams significantly, potentially leading to a reduction in annual earnings for miners. However, the extent of this impact may be mitigated if the cryptocurrency's price continues its upward trend.

As the market navigates through potential short-term challenges, such as selling pressure from Bitcoin miners post-halving, long-term investors are advised to consider accumulating during dips. Historical data suggests that Bitcoin typically reaches its peak in a bull market approximately 518-546 days after a halving event. If this trend holds, the next peak for Bitcoin could materialize around September-October 2024, offering a glimpse of the potential future trajectory for BTC price.