The 2020 Bitcoin halving is fast approaching. Historically, the cryptocurrency has rallied to new local highs prior to the event and new all-time highs just after it.

After the halving, the supply of new Bitcoin released to miners every ten minutes will be cut in two. The 12.5 BTC rewarded with each block added to the blockchain will become 6.25. The event occurs every 210,000 blocks or about every four years. It will continue until the network has issued a total of 21,000,000 Bitcoin. There have been two prior halvings to date – one in 2012 and one in 2016.

As highlighted below by Bitcoin market analyst Rekt Capital (@rektcapital), the year of the halving typically sees a new market cycle top, which doesn’t exceed the prior all-time high, set in the months leading into the event itself. If this were to repeat, the new pre-halving top would be somewhere above $13,900 and below $20,000.

Halving 1:

2012 - $7.40
2013 - $15.40

Halving 2

2015 - $504
2016 - $794

Halving 3

2019 - $13.900
2020 - https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

From: https://twitter.com/rektcapital/status/1214882764115329025

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I do consider such facts valid for upcoming 3rd halving as well, based on previous historical data as mentioned we can speculate it's going to go higher than previous year.

The question will become to which quarter (Q1, Q2, Q3, Q4) it will happen - top up above $14.000.

How much time do you consider this will happen? Right after halving, few days, weeks or months?