Both cryptocurrency and Bitcoin (BTC) market watchers lookforward to the upcoming 2020 halving. Other than higher price rally, theyexpect more significant developments.

Halving will be 2020’s highlight of Bitcoin as it will cutthe crypto asset’s production by 50%. It is the event where miners will receive50% fewer BTC to verify their transactions. It is generally scheduled to takeplace once every 210,000 blocks until a maximum of 21 million BTC supply isbeing generated.

The next BTC halving is expected to take place by May 2020.The key events of the said halving involve hitting 630,000 blocks, 6.25 newBitcoins as a block reward, and 1,312,500 total new BTC between events.

Before the BTC Halving

At the moment of BTC’s pre-halving rally, the bulls lookforward to hitting $13,000 level.

According to seasoned analysts in crypto space, there a bigchance that Bitcoin could reach the price level of $13,000 before May 2020.Based on the previous price behavior of the BTC before the halving event, therewill be a pre-programmed supply cut action that will occur similar months,which will result to the possible price rally.

Analysts also noted that the BTC is set to push the pricefrom the high volatility zone. In the case that the move upward successfullytook the BTC’s price to the pre-halving triangle zone, then it will hit the$13,000 level.

However, other crypto analysts fear that there might be amassive pullback that BTC should encounter. If that happens, the leading cryptoasset by market valuation could slip under the $6,000 level. On the brightside, the price dip will not hurt the crypto’s long-term bullish moment.

After the BTC Halving

Bitcoin bulls are now preparing for the potential volatility andprice gains that were witnessed in the previous halving events.

In this event, there will be winners and losers. That’s whyBTC miners, traders, and other market participants try to weigh the nexthalving to ensure they will play on the edge.

Considering the past halvings, once the supply is cut whilethe demand remained constant, the price of BTC will rise. Many miners andtraders noted that the halving by May would probably lead to greater tradingvolumes and volatility.

During the November 2012 and July 2016 halvings, the price ofBTC rose by 80 times and 4 times, respectively. That’s why BTC market watchersare hoping for higher volatility this time around.

Furthermore, cryptoanalysis firm TradingShot.com said thatthose people who want to exit their BTC positions have to extend their patiencefor about four months of waiting to gain better profits. But the good news isthat they can hope for $13,000 worth of BTC before the anticipated halving.

Overall, whether or not BTC could hit the $13,000 levelbefore the 2020 halving, it’s good to note that the bulls continue to workharder than normal. So, they will probably achieve their expected BTC marketperformances before and after the halving.