Quote from: redsun114 on January 12, 2020, 06:35:02 AM

Quote from: bounceback on January 08, 2020, 04:43:56 AM

Quote from: moviebuff777 on January 07, 2020, 02:09:49 PM

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.

I do not really think that bitcoins will follow the same patter again because trading and understanding bitcoins is actually not that easy. If it was that easy then a lot of peoples might already been have made enormous profits.

Actually, a bull run was been expected by most of the whales at the end of 2019 but it didn't occur so it is never to late and we might expect some bullish trend in this 2020. Starting of a new year might not be that good for the price pump but yet bitcoins have started showing us a bullish trend in the starting month itself so let's expect something big coming in the running year.

history may repeat itself but there is no guarantee that it will happen again. As long as there is willing buyers at the price of the bitcoin then the re is possibility that there will be a rally again will happen again. The price of the bitcoin is still in sideways, there are only 2 possibilities and if the price will go breakdown or it will breakout. If the price breakout and there is a massive volume then expect that the bullish trend will come.