What is your prediction for the Bitcoin price after the Block Halving 2020?

in #bitcoinlast month

Yesterday I published an article about the Bitcoin Block Halving Event 2020 on my Google blog.

I will not paste the whole article here, just some short facts and if you want to read the complete article, just visit my blog post here: https://affiliate-einsteiger.blogspot.com/2020/04/bitcoin-block-halving-2020.html

I also want to ask you about your opinion!
What is your personal prediction for the Bitcoin price after the Bitcoin Block Halving Event 2020?

You can find the live countdown here: https://www.bitcoinblockhalf.com/

The Bitcoin price always rose a lot after the last two Bitcoin Block Halving Events in 2012 and 2016. This wasn´t happening immediately. It was always happening one year after a Bitcoin Block Halving Event.

Lets take a look to the charts of the past:

bitcoin-chart_2013.png

Source: https://coinmarketcap.com/currencies/bitcoin/

One year after the Bitcoin Block Halving Event in 2012, the Bitcoin price rose to over $ 1000 for the first time in November 2013, while before Bitcoin was sometimes even trading for less than $ 100 in the same year.

bitcoin-chart_2017.png

Source: https://coinmarketcap.com/currencies/bitcoin/

There have been different expectations for the price of Bitcoin following the next block halving that will occur in May 2020. Both halving events that took place in the past, Bitcoin surged to a new all-time in a year after the halving. December 2017 was the last time that this happened, when the Bitcoin price reached about $20,000, after the Bitcoin Block Halving in 2016. In the beginning of 2017 the Bitcoin price was just around 1000 $.

I think that there will be a new All-Time-High of the Bitcoin price at least in the end of 2021, one year after the Bitcoin Block Halving this year and the Bitcoin price will already rise a lot this year. Maybe it will also drop again before the end of the year 2021, but because of the charts in the past, I personally think that there will be a new All-Time-High again after the Bitcoin Block Halving.

What do you think? Post your predictions in the comments below!

Best regards and hear you in my next article.

Jonas - @future24