Bitcoin Halving: Bearish Implications?

Web3 Tech Brief By HackerNoon

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Could the Bitcoin Havling give way to another deflationary period for the cryptocurrency?
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Every four years, the Bitcoin network undergoes a significant change known as "halving", a process that reduces the rewards for mining new blocks by half. After the first halving on November 28th, 2012, Bitcoin's price skyrocketed from $12 to $1,075 within a year, a stunning 8,858% increase. Many believe that the price of Bitcoin will immediately increase following a halving.