BTC price always starting to get crazy before halving because halving what makes people FOMO.
@jayslu123 bitcoin prices have just reached $9400 levels today, and theres no indication that prices will be shooting up anytime soon hence its to early to comment on it. @Coin_trader I dont think the recent surge was because of halving of bitcoins, but in coming months we are bound to see its effects on bitcoins prices.
Source:
https://www.coindesk.com/bitcoin-may-see-november-price-boost-with-halving-due-in-six-monthsIf we take a look back from the past Bitcoin halving, In a span of 6 months before the halving the price tends to rise almost 50% . In June 2012 Bitcoin is trading $7 a piece and after 6 months in November 2012 just a few days before the halving, Bitcoin is already trading almost $13.
While in February 2016 Bitcoin is trading at $372 and after 6 months in July 2016 just a day before the halving Bitcoin is already trading at $651.
Following this kind of trend makes you think the Halving may have somehow an impact everytime the price rise and we are in the month of November now most probably Bitcoin will slowly climb up another height following the 6 months progress before the halving.