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Historical data shows that after each Bitcoin halving the BTC price went up substantially, and this time it may be expected to hit $100,000.

In May next year, the third BTC halvening is to take place with miners’ rewards for each new block to be reduced in half.

This means that twice as fewer Bitcoins will be issued, making Bitcoin (BTC) a more scarce digital asset than previously.

All eyes on 2020 – $100,000 after the halving?

A crypto enthusiast ‘Crypto Einstein’ (@BitcoinEinstein) with nearly 40,000 followers on Twitter has posted a chart, showing the rise of the Bitcoin price after each halving (happening every four years).

After the upcoming halving, some believe that the Bitcoin price of father crypto may fall since a lot of miners may give up their business and quit.

However, there are many who are positive that the BTC price will surge due to the halvening, the growth of the US debt and more QE programs to come in the future.

As per the chart shared, this time, the Bitcoin price may be expected to hit an all-time high of $100,000. 

The chart states that the fourth and the last halving will take Bitcoin as high as $300,000.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

#BTC COULD MAKE A UPWARD MOVE ABOVE 9800 & 10K, BEFORE HALVING. NOV-DEC ARE IMPORTANT MONTHS, DON’T MISS ANY DIP THIS MONTH. 13-14K ON CARDS BEFORE HALVING. pic.twitter.com/ofe8hTkX4l

— 💎Zια υʅ Hαϙυҽ ╚»Cɾყρƚσ Aɳαʅყʂƚ & Tɾαԃҽɾ🎯«╝ (@open4profit) November 11, 2019

#BitcoinWeekly looks bearishLogically one more slight lower low is psychological pain to a lot of people. Plenty of “break even” and “just below last wick” stop losses to hit

I expect slow bleed. Lots of dip buying and being stopped out. Then a fast dip with rapid absorption pic.twitter.com/2IyJmwMj0T

— NebraskanGooner📈 (@nebraskangooner) November 30, 2019

#bitcoinThe all knowing fractal says the top is likely in for now.Trend line breakdown retest looks completed.$6,300 incoming?

Will be interesting to see if this continues to play out. pic.twitter.com/Bs1xQHZdoV

— NebraskanGooner📈 (@nebraskangooner) November 29, 2019

Despite 15% Bounce, Bitcoin Price Still Bearish on Weekly: Analyst

https://u.today/bitcoin-halvings-kick-btc-price-up-history-says-100000-may-be-expected-this-time

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Bitcoin Price Can Hit $6K Then Rise to $20K in 2020 Crisis, Says BitMEX CEO.

Arthur Hayes called it right on the money, that Bitcoin (BTC) will likely hit lower levels of up to $6,000 but will avoid bigger losses.

In the latest edition of the exchange’s Crypto Digest on March 12, Arthur Hayes joined other trading sources warning that the BTC price was not safe from current market turmoil.

On Twitter, he described it as “a look into my trader brain during this time of intense market volatility.”

In the short term, Hayes thinks that BTC/USD is headed to a maximum floor of $6,000 as coronavirus panic takes its toll on sentiment. 

The situation will be compounded by hedge funds selling coins into an already downward-facing market due to distress calls from traders.

Hayes still believes in the cryptocurrency’s status as a safe-haven asset and added that $20,000 is a possible target for a bounce before the end of 2020. 

2020 Gains Wiped as Bitcoin Crashes below $5,600 Bitcoin crashed within minutes to erase all the gains it made heading into the year 2020.

The benchmark cryptocurrency plunged to $5,578 on Coinbase for the first time since May 2019.

The move downhill led its market cap down by about 30 percent to $117 billion, logging one of the biggest declines ever recorded since its inception in 2009.

At BTC’s intraday high, the valuation was $134.7 billion. The latest data revealed that the plunge came shortly after the derivatives platform BitMEX liquidated $680 million worth of XBT/USD long positions.

The spillover led traders on all the crypto exchanges to panic-sell their spot positions, with data portal CryptoCompare showing the average execution of 11,000 trades every second.

The panic was the same elsewhere in the cryptocurrency market. BTC’s 30-minute meltdown led its rival altcoins to erase up to $23 billion off the overall market, with the second-largest Ethereum tanking 30 percent.

Follow up tokens, including Ripple’s XRP, Bitcoin Cash’s BCH, and Bitcoin SV’s BSV too fell in the range of 29 to 32 percent.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Hot off the press the next issue of the Crypto Trader Digest. A look into my trader brain during this time of intense market volatility. https://t.co/sWmNnvMk25

— Arthur Hayes (@CryptoHayes) March 12, 2020

2020 Gains Wiped as Bitcoin Crashes below $5,600

https://cointelegraph.com/news/bitcoin-can-hit-6k-then-rise-to-20k-in-2020-crisis-says-bitmex-ceo

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Amid the continuing correction in Bitcoin and the broader crypto markets, top analyst PlanB believes that the BTC bull market is far from over. If Bitcoin’s RSI continues to hover above 90, PlanB calculates that the leading crypto asset will skyrocket over 450% in the coming months.

“RSI is 92 now and April is the 2nd month greater than 90. If this run continues 4 more months at RSI 92, BTC will be $300,000 in July (not saying this will happen, just what if). In my opinion, after next all-time high (maybe end this year), volatility will return and we can not rule out 50-80% draw down.”

In other trending Bitcoin News today:

Legendary longtime value investor Bill Miller told CNBC on Tuesday he believes Bitcoin is firmly entering into the mainstream, contending the cryptocurrency’s rally in recent months is significantly different from its 2017 ascension and subsequent plunge.

“I don’t think this is a bubble at all in Bitcoin, I think this is the beginning of the mainstreaming of it … I think it’s like digital gold.”

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Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

“I don’t think this is a bubble at all in #Bitcoin, I think this is the beginning of the mainstreaming of it … I think it’s like digital gold,” says legendary investor Bill Miller

pic.twitter.com/IWc3vgEzmR

— Bloqport (@Bloqport) April 21, 2021

This revisit of lower price has created incredibly strong price validation for Bitcoin about $1T cap. 14% of the supply last moved above $1T cap.

This is a key line in the sand imprinted into BTC’s price discovery, an area of immense support. pic.twitter.com/NxLKbXTYAC

— Willy Woo (@woonomic) April 20, 2021

PlanB: Bitcoin Bull Market Untouched and in Full Swing

https://cointelegraph.com/news/new-bitcoin-price-concerns-from-jpmorgan-at-odds-with-immense-support-at-52k

https://www.cnbc.com/2021/04/20/bitcoin-is-not-a-bubble-its-at-start-of-going-mainstream-bill-miller.html