Since 2012 bitcoin experienced an uptrend because of "Halving" which is connected to anti inflation rule that conduct every 4 years and results in a huge increase. The first halving happened in the November of 2012 and then the market experienced a boost equal to10K% but ultimately market had a 85% drop. Same event happened in July 2016 and bitcoin experienced a 4K% growth, however despite the growth, in less than two years the aforementioned growth, experienced an 85% drop. the third halving occurred in the May of 2020 and therefore mining reward of bitcoin changed from 12/5 to 6/25, then uptrend rally started again in next few months.
It is safe to say if these events happen again (which is definitely for sure), the bitcoin price will rise at least 4K% (about 350K$) and then it will experience an approximate of 85% drop, this will lead the price near 40K$ to 50K$.
Hope you wont left out from this.
It is safe to say if these events happen again (which is definitely for sure), the bitcoin price will rise at least 4K% (about 350K$) and then it will experience an approximate of 85% drop, this will lead the price near 40K$ to 50K$.
Hope you wont left out from this.