As the fourth Bitcoin halving approaches, analysts and experts are eager to share their insights on what could unfold in the coming months.

Historical data indicates a positive reaction in Bitcoin's price following each halving event. This reaction is expected due to the halving's impact on the network, reducing the production of new BTC. If demand for Bitcoin remains steady or increases, its price typically rises.

The first halving occurred in late November 2012, cutting the production rate from 50 BTC to 25 BTC per block. While Bitcoin's price was initially sluggish on the day of the event, it experienced a significant bull run in the ensuing months, resulting in gains of 9,500% in just over a year.

The second halving, in early July 2016, reduced the block reward to 12.5 BTC. Similarly, Bitcoin's price remained calm initially but dropped by almost 30% within the first week. However, it then embarked on a substantial rally, increasing by 4,100% over the next 500 days.

The third halving, on May 11, 2020, occurred amidst the COVID-19-induced crash. Despite a 17% decline in the days leading up to the event, Bitcoin's subsequent bull run propelled its price from around $8,700 to a peak of $69,000 in November 2021, marking a 700% increase.

What sets the upcoming fourth halving apart is that Bitcoin has already surpassed its previous all-time high, reaching nearly $74,000 in early March. Nevertheless, monitoring Bitcoin's price movements in the weeks leading up to the event and afterward remains intriguing.

Some forecasts suggest a price target of around $200,000 for this cycle. Observing a strategy that could prove profitable before and after each halving is also recommended.