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.
Well I can boldly tell you that no one actually knows the correct answer to that question and answers you will get are speculation on stats gather from previous halving event which if you ask can be close to the desired answer. The halving period comes with so many drama and so many investor are currently waiting for the halving to come and go and to see if there is actually going to be a significant rise to the price.
If you already experienced the previous halving, you will know that there is a sudden change in its price trend and it is incredibly increasing. There is no drama to see other than people are expecting bullish after halving.
Investors are holding and are excited for the next halving because they believe that they could see Bullrun and ATH. Experienced investors and traders already know and have that kind of insight because that is what happened in the past, and this will happen again and again.
Since halving also means less reward for Bitcoin mining, it could reduce Bitcoin mining profitability and require miners to put more effort into keeping the Bitcoin network secure. There is a situation where some miners may be forced to withdraw from the market, which could have a negative impact on the cryptocurrency price, as the amount of rewards miners earn will decrease as the years go by. This raises questions in my mind. Considering other factors affecting the demand for cryptoassets, it would be wrong to say that the halving will definitely cause a price increase.
The 4th Bitcoin Halving is expected to take place in April 2024 but it is not possible to set an exact date. This is because Bitcoin mining, due to its unpredictable nature, does not happen at a set pace.
If that is true, then how we can explain the increase in price after halving? Does it have another reason other than the scarcity of Bitcoin because of halving? Miners don't quit after halving because, at that moment, they are even asking more fees than the usual fees they get. That is why they remain mining despite the situation because they are not losing yet instead, they are still making money.
Anyways, we might have different opinions about the halving and its impact on the market but let us see what will happen during that time and that is the only way to get the answer.