Predicting the immediate future of BTC and, consequently, the entire virtual currency market, it is impossible not to mention the impending halving, as a result of which the mining prize will be halved from 12.5 to 6.25 coins. This means that if only the price of the oldest virtual currency does not increase, its extraction may fall below the break even point, which would undoubtedly be a problem for many mining companies.
Considering the above, many people point to impending halving as one of the main reasons for the impending growth. For now, the BTC appreciation is neither heard nor heard. Let's check how the price of the oldest virtual currency behaved before and after the previous halving:
Bitcoin price one year before the first halving: USD 2.55
Bitcoin price on the first halving day (November 28, 2012): USD 12.31
Bitcoin price one year after first halving: USD 1,037
Bitcoin price a year before second halving: USD 268
Bitcoin price on the second hanvling day (July 9, 2016): USD 650.63
Bitcoin price a year after the second halving: USD 2,525
Bitcoin price a year before the third halving: USD 7,100
Bitcoin price on the third halving day - we'll find out about this on May 21, 2020.
Bitcoin price a year after the third halving: - we'll find out around May 21, 2021.
As can be seen, the decrease in bitcoin supply means that its price has risen sharply over the next year. Will it be similar this time? If so, at the end of 2020 we could even expect a new ATH. It is worth noting in this city that the fact that something happened in the past does not guarantee that it will happen again in the future.
