Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it?
Everything is possible!
Tossing a coin heads 6 times in a row and then one time not and again 6 times heads is a possibility, just like the price going up three times after the halving happened and just like till we had the previous cycle (which broke the no ATH before the halving rule you think of) eveything is a possibility.
Drawing lines on past performance and thinking it will repeat itself time and time again till the end of the world is just crystal ball gambling!
Regarding the above statement, how do you know there's more demand than supply (aside from the fact that bitcoin's price is currently rising)? And who's to say that demand won't suddenly drop? There's no guarantee that the halving is going to have an effect on the price of bitcoin at all, regardless of what happened in the past.
Of course there is no guarantee!
And the whole thing about supply and demand and how mining 450 coins instead of 900 would reduce the supply is also ridiculous!
Everyone was bullish back in November cause the halving is coming and the price will go up based on the reduction of mined coins and they were making the math like : 900 coins a day , price was 30 000 so 27 million which will change to just 13.5 millions day.
Well now at these prices and assuming is not going over to 60k maybe we will have 450 x 52 000, so 23.4 million, the incoming supply after the halving is already nearly as the supply in November!!!! The whole influx of coins halving effect that we were supposed to have has already been reduced by the jump in price!
Why? One of the possible, but currently, biggest reasons right now might be because those Gold ETF investors are selling their investments in exchange for the Bitcoin spot ETF. We're seeing horses being replaced by cars, a phenomenon when the new replaces the old.
If you're thinking of gold as the horses then you might change that to the early sledges before the wheel, gold has already been replaced a long time ago, SPDR is just peanuts compared to others despite having almost as much gold as Switzerland, it's just incurable goldbugs that keep those things alive.