Post
Topic
Board Speculation
Re: Bitcoin could see a major rally in 2020 – here’s why
by
sheenshane
on 16/01/2020, 08:06:41 UTC
snip-
Historically, both the 2012 and 2016 halvings have heralded a bull run. The first bull run hit in 2013, and saw Bitcoin reach over $1000 (the ATH at that point in time). The 2017 bull run is most famous for achieving enormous price gains, all the way up to $20,089 per BTC - which has remained the ATH for the past two years.
Although I know that the price of bitcoin was still unpredictable, I'm also hoping that this third time of bitcoin halving will do the same in the last halving bullish time. Each of us has goals on which the price of bitcoin can be reached and cutting profit as soon as we will see that there is. We are preferring on the historical price movement of bitcoin but if you have a take a short review on chart price it was pumped up after a few months later.

If this history of halving will be repeated, we can expect that there is a continuous accumulation from now on until the next halving will be done. In the future, they will likely speculate that the next halving has an important role in boosting the price of bitcoin. But as I have said this speculation will be the reason for this monumental rally.