Bitcoin Will Reach $400K After Halving, History Dictates | BTC Price 4,000% Rally Signal Forms Again

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Much of the conversation around predicting the BTC price through 2023 and beyond hinges on the effect of the Bitcoin mining reward halving set to take place in May will have. Some believe it will have no effect at all, while others are betting big on this. If history is to be taken into consideration, the Bitcoin price should reach a new high of $400,000 following the event.

Following the first halving in November 2012, Bitcoin’s price increased from a $2.01 bottom to the top of $270.94 – a 13,000 percent increase. The second halving, in July of 2016, saw Bitcoin (BTC) go from a bottom of $164.01 a top of $20,074 – a similar increase of 12,000 percent. With this in mind, if Bitcoin moves similarly after May’s halving, investors can expect the price of the coin to reach as high as $400,000.

Other breaking Crypto stories shared in today’s show…

– Bitcoin Price Signal That Preceded 4,000% Rally Forms Again, and It’s Huge for BTC

– A $50,000 Bitcoin Price; How Likely is a 13-Digit Market Cap?

– Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

– Confirmed: Craig Wright doesn’t have keys to $8 billion of Bitcoin

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Show Notes / News Resources:
– https://beincrypto.com/bitcoin-will-reach-400000-after-halving-history-dictates/
– https://www.newsbtc.com/2020/01/18/bitcoin-signal-preceded-4000-percent-rally-forming-bullish/
– https://www.newsbtc.com/2020/01/17/a-50000-bitcoin-how-likely-is-a-1-trillion-market-cap/
– https://www.newsbtc.com/2020/01/18/research-firm-3-use-cases-send-bitcoin-1-trillion/
– https://decrypt.co/16998/confirmed-craig-wright-doesnt-have-keys-to-8-billion-of-bitcoin
– https://twitter.com/rektcapital/status/1218127798847578112
– https://twitter.com/ecoinometrics/status/1218186686393249792
– https://twitter.com/gaborgurbacs/status/1218158319828901888

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency, especially when trading Crypto. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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Bitcoin Will Reach $400K After Halving, History Dictates | BTC Price 4,000% Rally Signal Forms Again

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Kane Dane