Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin have a price increase before the halving like we saw in 2016?
by
bounceback
on 08/01/2020, 04:43:56 UTC
In 2016 the halving was early July.  Depending on the exchange, the price was as follows:

May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677

The price increased about 50% from May 1 to July 1 just before the halving event.

Should we expect something similar this time?

I also hope that the price of bitcoin will rise to high levels this year because basically every half of bitcoin supply decreases, and demand also rises so that it will start a new bullish market condition but that will happen if bitcoin follows the same pattern as before.
and if we look at the price of bitcoin lately continues to rise slowly whether this is a sign that all that will happen.