Bitcoin halving is the decrease in the amount of new bitcoins generated per block. This means the lowering in the supply of new bitcoins by half its original supply. It is believed that halvening of bitcoin has a way of influencing the price as demand to supply ration would increase, thereby leading to higher price.

In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.. source

Below is a chart showing the price responses of bitcoin to its halvening in 2012 and 2016 respectively, The chart indicates that the price of bitcoin had jumped significantly after each halving. In the image below, the vertical green lines indicate the previous two halvings (2012-11-28 and 2016-7-9).

Having shared a brief of my understanding on bitcoin, I can therefore deduce that halvening the supply of a crypto is meant to manipulate the price of the token to the favour of miners and hodlers.

This to me means that all cryptocurrencies should at intervals half it's supply. I wish all bitcoin hodlers the best as they all anticipate a price pump effect after the third halving. It's been few days after the third halving of Bitcoin. We are not yet seeing the effect of the Halving as a 150 days of incubation is predicted before the changes in the price.

However, there were FUDs about price jumps which led to the high demand of Bitcoin last week and a subsequent price pump. Most were uninformed.

On my part, I had expected a healthy trading of Bitcoin above the $10,000 mark. It happened but was temporary. I am again maximizing the dips and I hope for a bull run after 50 days.

Thanks @hardaeborla for collaborating with @Project.hope on this. PH community has always been the hub of engagement on the social blockchain space.