Still, since the Bitcoin halving is one of the most anticipated upcoming events, we will take you on a journey to explain some history, quote the best sources, and explain the reasons for such Bitcoin price predictions. Such Bitcoin predictions can be very helpful to profit from your Bitcoin day trading. In order to do that, we are going to answer and explain these questions and events:. Bitcoin halving is the event that happens every , blocks that pass through the Bitcoin network.

When this pre-programmed situation occurs, the rewards that BTC miners receive for mining blocks, verifying transactions and, thus, securing the network, is cut down in half. Those , blocks are important because according to that number, we can estimate the date when the next halving is going to take place. The halving is going to take place at the block height ,, which is due to happen on May 17th, Currently, the mining reward is set at 12,5 BTC.

Therefore, analogically, the new Bitcoin block reward is going to decrease to 6, It has also been calculated that, following this tempo, the last BTC block reward is going to be distributed by the year Since the Bitcoin genesis block was mined on January 3rd, , the first halving took place in , followed by the second one in Like you could see in all these Bitcoin price predictions, one such event as the halving of the mining reward is highly affecting the price of Bitcoin. Halving is nothing more than the pre-programmed inflation control mechanism designed to create more scarcity.

Assets that are scarce more often than not are more valuable than those that are available in abundance.

BTC/USD 4-hour chart

Such is the case with Bitcoin. Once the mining rewards are halved, it is natural that the supply of this asset on exchanges is going to be lower. On the other hand, the interest in BTC trading and investing is projected to grow. Of course, according to the laws of the market, where the supply is limited and the demand rises, the prices rise along with the demand. In the end, please note that every analysis presented in this article may be thwarted by some new-found market conditions.

Therefore, trade responsibly and always combine technical with fundamental analysis. It is now possible to stake ETH 2. You can deposit as little as 0. Read more about how to stake ETH 2. Read more about the price history of Bitcoin in our article, Bitcoin price history chart. The second halving of the Bitcoin mining reward took place on July 9th, , when BTC miners started receiving The events following the last halving are better known as the biggest bull run in the history of any global market.

Read more about what happened after the Bitcoin halving in our our article about Bitcoin price predictions vs Once the Bitcoin halving happens, as mentioned, the Bitcoin mining rewards will be reduced to 6.

The third Bitcoin halving event took place at the 11th of May in As for all previous Bitcoin halving events, this started another bull cycle and in March we are in the middle of this bull run. There is of course no one that can predict for how long this bull run will last but there are many different crypto trading channels on Youtube that have their predictions. The S2F model calculates the Bitcoin expected price in by considering its decreasing supply and growing demand.

As Bitcoin is halved every four years, the supply is gradually diminishing and inflation is rising. In theory, this could boost the demand for Bitcoin and cause a drastic surge in the BTC price. A multilingual news and analytics website, IHODL, has published a very illustrative chart regarding the Bitcoin price prediction for the halving.

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Learn more. At the end of the year, the old all-time high also went down, which had been in the books since December On November 25, the "20k" mark was broken for the first time. During the beginning of the year, the price was hitting new tops. Bitcoin price today Bitcoin has been setting jaw-dropping records over the past couple of months.

It has been an amazing start to for Bitcoin, and many experts are already predicting what and the years after will bring for this cryptocurrency. So far, opinions have been even more optimistic. According to a Finder. Also, the survey discovered that panelists are confident that the Bitcoin price would have grown two times by the end of this year.

In an interview with Bloomberg Television in , he said :. We see a gradual stable bullish trend that started in Cryptocurrencies' second life started in October when trading volumes grew and historical highs were retested against a backdrop of the previous years' calm. Bitcoin 's price has been growing steeply since then.

Bitcoin Forecast (BTC/USD), Longterm Prediction, Outlook (2021)

Thinking this situation will last forever would be naive. We have to figure out when the BTC coin will reverse again to buy some bitcoins. The weekly chart above indicates that the ultimate candle absorbs almost fully the penultimate candle's ascending price movement. That's a bearish signal.

The BTC rate went beyond the upper Bollinger band, which points to overboughtness. We can see that the crypto coin has already attempted to correct at the beginning of Bitcoin was trading flat throughout January, and the upper line of the middle Bollinger band with coefficient 1 served as support. I don't have many reasons to say that fractal won't repeat again. Strong support will then be located at around 42, The previous trading channel's limit is located there, and the bears cannot break it out easily.

Since the bullish trend isn't broken, such a pullback may turn to the historical high's retest. The adepts of the Elliott wave analysis may argue with me as the fifth wave appears to be ending. However, the market is inert, especially after a rise that big. So, a retracement to 56, - 58, USD may easily occur in the next three months.

Bitcoin Price Prediction | Will Bitcoin Rise Once Again?

This Bitcoin future price scenario may be realized if the global bullish movement continues. If the price drops below 38, USD, I will have to revise this outlook. Thus, consolidation has seemed to be the likeliest scenario so far. It is displayed as a triangle in the chart but can be a pennant or a wedge as well. Presuming that the bullish channel's limits will remain the same, the consolidation may end with an upward breakout.

The historical maximum of 58, dollars for 1 Bitcoin may then become a serious obstacle.

What is Bitcoin halving?

If that level is broken out, we are very likely to see sharp ascending momentum, something similar to the historical peak's breakout at 20, USD. That movement can potentially develop to the channel's upper limit, which will be located at around 80, USD. That level will be a natural magnet for the buyers as it is very close to , dollars. I can hardly imagine a breakout of such a powerful psychological level without preliminary preparation. Most probably, profits will be fixed nearer to the end of as Bitcoin consolidates at the lower limits of the trading channel.

The limits of Bitcoin 's projected value for each month are presented in the table below. The first four parts of the A wave have completed, and the final, fifth wave is still forming. Wave 5 is a simple five-wave impulse [1]-[2]-[3]-[4]-[5].

Bitcoin Price Prediction: BTC Could Very Soon Skyrocket

Since September , the price has been rising in the final sub-wave [5]. Let us examine its structure in more detail in the eight-hour timeframe. The upward impulse wave [5] is composed of the sub-waves 1 - 2 - 3 - 4 - 5.

Waves 1 and 3 are simple impulses, wave 2 is a simple zigzag-shaped correction, and the bearish corrective wave 4 is a triple zigzag. There is now forming the final motive wave 5 , namely, its last, fifth, leg — impulse 5. The market should soon end the downward corrective wave [4]. Next, the price should resume rising in wave [5] to a level of You can read here daily short-term Bitcoin price predictions with signals based on wave analysis. Is Bitcoin expected to rise? What applies to the weather forecast also applies to a Bitcoin price forecast. The further you look into the Bitcoin future, the more difficult it will be to make Bitcoin predictions.

In , the world may look very different from what we now sketch.