Re: What this Bitcoin halving bring? Does the Bitcoin price go up or down?
⭐ Merited by gentlemand (1)
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,
ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/
But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.