Bitcoin halving is a programmed event in Bitcoin's code, reducing block rewards by 50% every approximately four years to maintain a capped supply of 21 million BTC.
Historically, Bitcoin's past halvings have led to significant price increases, with the next halving in 2024 expected to follow this trend.
Market predictions for the 2024 halving indicate short-term volatility, long-term bullish outlook, and the possibility of an altcoin season.
Bitcoin miners will face immediate impacts from halving, with only efficient miners likely to survive, while investors are advised to hold long term, consider dollar-cost averaging, diversify, and monitor macro factors.