Are we in a bull market because of bitcoin halving? - Bitcoin price hits $8,295

Bitcoin price made a huge gainer in the last 24 hours, currently trading at $8,295 (+7% in the last 24 hours) according to the price feed on CoinGecko.

Screenshot 2020-04-29 at 10.11.44 PM.png

In the last 30 days, bitcoin has been on an uptrend. While some market participants have argued that the bitcoin halving event have already been priced in, there may be speculators looking at some opportunities in the possible high volatility.

Only time will tell, and with only 13 days remaining to the halving event when we see bitcoin mining reward drop from 12.5 BTC to 6.25 BTC

Screenshot 2020-04-29 at 10.06.45 PM.png

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