Re: Bitcoin Halving Price Prediction $55,000

If the analysis were that easy...
We are all aware of the different nature of BTC. So we do not know what will happen until or after halving. Maybe the price will go down as it does today, maybe it will increase as unexpected. The previous ones had an impact on the price, and I hope we will get the same result from the next halving. For now, the important thing is whether the price will reach $6900 level and the next moves.

Well, we just reached $6900. Curious how it will go from here.

It might also occur similar to litecoin after its halving where some of the miners shutdown and the hashrate went down. I reckon it might begin the question if fees alone can secure bitcoin.

There was big expectation by the time of halving. What we expected and what happened with litecoin is entirely different. Those two past halving gave good market pumping, but the present market scenario is different and there is increased market demand as very little number is to be mined compared to the previously mined bitcoins. This time the growth should be much higher than the past, but as of now there is hard to predict what gonna happen by the days before and after halving.