There are times I will sit down and think about bitcoin halving and when cryptocurrencies will reach new all time high. The last time it happened was in 2017 for strong cryptocurrencies like bitcoin.
the price may reach $20,000, but we cannot think that in 2017 the price reached $20,000 because of halving. In my opinion in 2017 the price reached $20,000 because of the division between bitcoin and bitcoin cash, many people wanted to have free coins with the division process. ICOs were excellent investments that yielded returns of more than 10x and then there was the announcement of the entry of the Futures in which most people thought that with the inflow of institutional money the price would rise on the moon. With halving the price will increase after a few months, maybe after December we will see the big price increase in my opinion
That is, in 2017 bitcoin could reach $ 20,000 because investing in ICO was very popular because of the sizeable returns and short sales so many people invested all of their money there and some other factors might be because of that the price of bitcoin could go up by $ 20,000.
Well, in recent years there have been many failures in the project, many dead coins, which have been on the bear market, continue to occur scamer where we only rely on halving, is it possible that it could redeem again to $ 20,000?