We are only 6 days away from cutting #bitcoin daily new supply in half!  

It's been mentioned by the TRON wallet Official accounts about this news. Bitcoin is trending on twitter and other social media as well as of writing this article. It's the next big thing after the Fiat currencies inflation has increased due to the global pandemic situation around the globe. 

Like the graph shown above as we can see before the 2nd halving of 2016 the graph shows an increase in searches but not that much high as of it is today in May 2020. It can be assumed that the market would react more to 2020 halving then the previous one breaking all the records of higher highs. 

The main thing which people think will fuel the prices of cryptocurrencies is hyperinflation of fiat currencies, especially the USD after 3 trillion USD of printing by the US Treasury to deal with the pandemic situation in the US alone. Iran is also cutting off 4 zero's to its currency despite US sanctions. well, it is to be seen that it won't save them through these moves.  

6 Days away from Bitcoin Halving, Is this trend Continue?

The question is on everybody's mind when we are actually 6 days away from the bitcoin halving of 2020 after 4 years. Will this energy and the harmony, will this consistency in bitcoin charts continue right as we don't have that much data. We have bitcoin halving of the past and its prediction to move uptrend which fits almost perfectly on the charts if we go back to 2012 as you can see up ascending triangle synergistic with the apex synergistic with less bitcoin halving and a breakout target of 128$ when bitcoin was trading at the breakout 14$ and bitcoin actually broke out that pattern perfectly after some resistance consolidation continued into next cycle. Obviously we know bitcoin broke out of that last triangle. 

There's a possibility to expect nothing but anticipate everything

In the end, you can see, Bitcoin is so bullish right now as you saw that the symmetrical triangle and a little bit of patience is required too for greater profits. Bitcoin is in a position more powerfully I think than ever more powerfully than even ten years ago so those are my thoughts wanted to throw it out there. please do not consider it financial advice but rather trust on your own knowledge of investing and consult a financial advisor if possible.

I hope you guys are having a great start to your week I hope you have a good week ahead, please stay safe if you are lockdown by the government. Best wishes. Thanks