Bitcoin Halving Could Spark Rally to $100K

The odds of Bitcoin reclaiming its $100,000 price level by January 2027 are slim, according to prediction markets. The cryptocurrency has a 16% chance of hitting this target, with odds of 4% for November and 11% for December.

One factor that could decide the future of Bitcoin is the upcoming halving event, which occurs every four years. Historically, this event marks a turning point in the cryptocurrency's cycle of boom and bust.

Brian Armstrong, CEO of Coinbase Global (NASDAQ: COIN), believes that Bitcoin may have already bottomed out and will see a robust recovery into April 2028, when the next halving is scheduled to take place.

Despite this optimism, the lack of a catalyst for a bull market rally remains a concern. The Digital Asset Market Clarity Act's failure to pass in the Senate has removed one potential driver of growth.