Bitcoin is approaching the 2024 block subsidy halving, which has led market participants to suggest that it is entering a prime "buy the dip" territory. Bitcoin halving cycles have historically followed patterns in terms of price activity, with each cycle containing a macro high and macro low for BTC price.

Longtime Bitcoin figures believe that the future will be no different, and that the upcoming halving has not yet been given sufficient market appreciation. While some critics argue that there is no relation between halvings and price, others, including PlanB, believe that the idea of Bitcoin price increasing as halvings decrease available supply is a "no-brainer."