So did the second halving in 2016 result in an instant price increase? We actually had a drop of about 40% after halving, but the price doubled by the end of the year. This year it happened that due to extraordinary events we had a drop of 50% before halving, the same can happen at any time again, but if you expect some big price shifts up immediately after halving, you're completely wrong like many others.

Halving is just reduce number of new mined coins by 50%, but this does not change the fact that we have almost 18.5 million BTC in circulation at this moment. Every day, part of them is on the free market, and part on the OTC market, which is obviously quite enough to meet current needs and form the price we currently have.