Historically, halving is known to affect prices. In the case of Bitcoin, the first halving event that happened in 2012 led to a nearly 10,000% increase in prices within 12 to 15 months. The reason for this price-based optimism could be how halving impacts the supply and demand dynamics, making the same less prone to inflation. However, the price movements post-halving depend a lot on macroeconomic factors.