7 Powerhouse Support Levels That Skyrocketed Bitcoin's Value

2. Halving Events

Bitcoin’s halving events are another crucial support level. These events occur roughly every four years, cutting the reward miners receive by half. This built-in scarcity heightens Bitcoin’s appeal, driving demand and typically causing price surges following each event. The halving mechanism shows how supply and demand fundamentals have a direct impact on Bitcoin's price, creating a cycle of appreciation over time.