What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.
If you're going to look on the market right now the current price of bitcoin is range about 6,100$ to 6,200$ and I notice that it becomes more stable on that price unlike in the last couple of days, which it goes down below 5,000$. Not only bitcoin fall but also other cryptocurrencies as well. Bitcoin nearly falls on the price of 3,000$ but it somehow recovers and goes up again to 6,000$. We are already in the year 2020, and I guess the last fall of bitcoin on previous days will be the lowest price/bottom this year and it just my own opinion, but who knows it can still fall at 2,000$ or below. About the halving, it already discusses here a couple of times and I always see them after the halving it will bring more income to us because the price of bitcoin has a chance to go up just like what they say on the last halving.
I'm also hoping for the better outcome of halving like it will go up to the moon but right we should defeat this virus.
It's the market reaction since almost all of the altcoins rely on the bitcoins value that's why we see some price breakdown as of these moments but whenever the figures come up for sure we can get a great recovery since many people still think that halving is a good relevant reason to believe, let's really hope that we can best this virus soon so we can enjoy back again on what we are doing before.