Bitcoin halving comes and goes. Many new cryptocurrency participants either via direct buying or indirectly through newly available ETFs are hoping (praying) to see the price of bitcoin shooting higher after that. For many of these newbies, the much anticipated bitcoin event seems to signal the next up-cycle of the price of bitcoin. However, from a chart prospective, at least in the near term, how wrong that could be. For those who don't know, bitcoin is programmed to undergo halving every 4 years. This is the 4th halving event for bitcoin. Whilst it is true that mining rewards are halved after each halving event, it doesn't mean bitcoin becomes more precious. Fact is the total number of bitcoin that can be mined is fixed and known. Furthermore, most bitcoins that could be mined are