Will the price change after Bitcoin is halved?
Historically, prices have risen after halving but ultimately depend on the supply-demand ratio.
Essentially, halving Bitcoin has cut its supply and made assets scarcer. If there is demand, prices may rise. Historical precedent. In 2012, the day when Bitcoin first halved, the price rose from $ 11 to $ 12 and continued to climb in the following year, reaching $ 1038 in 2013.
About four years later, a month before the second halving, the price of Bitcoin began to follow a similar bullish pattern. It soared from $ 576 in 2016 to $ 650 in 2016, the day the block's reward was halved for the second time in asset history. In the following year, the price of BTC continued to accelerate, although there were occasional fluctuations, and it was trading at $ 2526 on July 9, 2017.
Bitcoin's heavy volume rises breaks through the pressure level, the bull market opens!
At present, Bitcoin's heavy volume exceeds $ 7,600, stands on the Bollinger Band, and successfully breaks the suppression of the MA60 and MA360 moving averages. It can be described as a large Yangyang line, where thousands of horses meet.
It was emphasized on January 6, 2020, that the pressure of $ 7,600 is very great. If the volume can be exceeded, then the "little bull market" will open. After Bitcoin broke through $ 7,600, it rose sharply, reaching a high of $ 8,000, and again stood at $ 8,000 in a few months.
Every time a bull market comes, most people don't expect it. The market cannot make most people make money.
Skeptics believe that the halving has been factored into the price (remember the epic, but short-term, systemic price increase this year?), although there is no scientific way to prove it. Besides, the industry has changed dramatically over the past four years as cryptocurrencies (especially Bitcoin) have become an important part of mainstream news coverage.
Nonetheless, some may take a risk, especially considering the previous model of having the display of Bitcoin. Therefore, if history repeats itself, more traders may be involved, thereby stimulating demand and eventually stimulating prices.