Halving events have frequently been associated with increase in price of bitcoin with significant upward momentum both before and after halving. Bitcoin halving often generate increased market attention and hype. Expectation of lower supply and likely price increase may fuel positive feelings amongst investors and traders.
Bitcoin halving will always have an impact on the increase in bitcoin price since the amount of freshly generated bitcoin mined by miners will be divided by half, resulting in an increase in bitcoin price. Some months before the halving period, as well as now, there is FOMO throughout the entire crypto ecosystem, with the mentality of purchasing now and selling at halving or after halving due to the probability of an increase in bitcoin price due to the reduction in miners' reward.