Bitcoin News
By TCA PR
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Before the BTC Halving
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After the BTC Halving
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Both cryptocurrency and Bitcoin (BTC) market watchers look forward to the upcoming 2020 halving. Other than higher price rally, they expect more significant developments.
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Halving will be 2020’s highlight of Bitcoin as it will cut the crypto asset’s production by 50%.
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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.
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At the moment of BTC’s pre-halving rally, the bulls look forward to hitting $13,000 level.
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According to seasoned analysts in crypto space, there a big chance that Bitcoin could reach the price level of $13,000 before May 2020.
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Analysts also noted that the BTC is set to push the price from the high volatility zone. In the case that the move upward successfully took the BTC’s price to the pre-halving…
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However, other crypto analysts fear that there might be a massive pullback that BTC should encounter.
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Bitcoin bulls are now preparing for the potential volatility and price gains that were witnessed in the previous halving events.
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In this event, there will be winners and losers. That’s why BTC miners, traders, and other market participants try to weigh the next halving to ensure they will play on the edge.
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Considering the past halvings, once the supply is cut while the demand remained constant, the price of BTC will rise.
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During the November 2012 and July 2016 halvings, the price of BTC rose by 80 times and 4 times, respectively.
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Furthermore, cryptoanalysis firm TradingShot.com said that those people who want to exit their BTC positions have to extend their patience for about four months of waiting to…
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Overall, whether or not BTC could hit the $13,000 level before the 2020 halving, it’s good to note that the bulls continue to work harder than normal.
The Currency Analytics
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