Tag Archives: Bitcoin-Halving

Having started at around $7,000 in January, the Bitcoin price has swung wildly above and below $10,000. With Bitcoin halving around the corner, many in the crypto space expect Bitcoin to keep climbing up the ladder.When we say Bitcoin halving we usually think of reduction of the miner reward in the Bitcoin  network. Well, the thing is – it is soon happening. The third ‘reward era’ will be opened in May this year and we cannot wait for it to happen. Why? Well, usually every time the halving...

What happens when a lot of people talk about possible Bitcoin price movement? Right – the price indeed starts moving. And now BTC seems to be gaining momentum ahead of May’s halving event.Some experts start predicting the next price move. They see a dramatic scenario of Bitcoin price rushing up to $18,000 and even $20,000 in the short-term and up to $100,000 in the long-term. Such data is based on calculations of previous price action. It appears that Bitcoin can gain up to 80% in profits...

Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position.While similar scenarios could play out in the traditional financial market, Bitcoin stands on the opposite shore. Its finite pre-programmed supply of 21 million means that no more coins can come in the market.Tesla Stocks Performance And OfferingThe last several months have been nothing...

The 4 hours indicators show that Bitcoin price has dropped over $300 off in one trading session, meaning that buyers are resting, while there are only around 88 days left before the halving. Maybe a huge sell session is coming?Asian trading hours showed a significant price pump on the whole market, but now Bitcoin price has dropped. It may even be facing the major rollback soon. Thanks to the bulls being lazy, the price didn’t reach $10,500, showing the fall to presumably $9,900. The second...

The production for the Bitcoin price movements after the halving has been updated. PlanB has explained how BTC price can reach $100,000 in 2021.Bitcoin price started by gaining considerably. A few days ago, the flagship token surged past the $10,000 level before correcting to settle in the upper $9,000s levels. That dip has made some commentators predict that the price will drop below the current yearly lows.But, the author of the most popularly-cited BTC price prediction models, PlanB,...

Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price?Famous trader Tom Lee makes yet another huge prediction regarding the Bitcoin price. This time, he claims that Bitcoin will reach 40,000 even before the Dow index does. Dow currently trades at 29,280. He thinks that, till August 2020, Bitcoin will cost at least 20,000, and then it...

Fundstar Global Advisors Managing Partner, Tom Lee, continued with his positive predictions regarding the price of the largest digital asset. In a recent interview, he said that Bitcoin will reach $40,000 before the popular stock market index, the Dow Jones Industrial Average (DJI), gets to 40,000.Bitcoin Price To $40,000Lee is among the most vocal Bitcoin proponents and has regularly made positive price predictions. Speaking on CNBC’s Power Lunch, Lee reiterated on the current bullish...

Bitcoin halving, gold and scarcity: as the milestone approaches, it will reduce Bitcoin’s block reward to 6,25 BTC per the block. Currently, the Bitcoin block reward equals 12,5 BTC.In approximately 91 days, the picture of what is happening inside mining companies will start changing. The date for changes is 7 May 2020. There’s several ways to count the days until Bitcoin halving, however. When calculating the date using average daily block time, the next halving date shifts to 86 days from...

Bitcoin (BTC) price has slipped below $10,000 in the early Asian trading hours to trade above last week’s resistance zone after reaching $10,200 over the weekend. Bitcoin price has dropped below the long-awaited $10,000 price tag after hitting $10, 200 yesterday. Checking the BTC derivative chart, the market opened with a huge gap as a result of the high trade volume over the weekend. Using technical analysis, whenever there is a market gap in the derivative market chart, it is bound to be...

Bitcoin’s pre-programmed scarcity is one of its most impressive qualities. It’s the world’s first truly scarce digital object. The implications of that are considerable, to say the least. To put things in perspective, given the current population of the world, there is 1 Bitcoin for every 333 people out there.Digital ScarcityOne of the features Bitcoin is known within the community is the limited supply. The protocol is written in a way that won’t allow the creation of more than 21 million...