Bitcoin (BTC): Symmetrical Triangle + Bitcoin Halving event
A symmetrical triangle is evident, which means drastic price change in either direction. Looking back at BTC history and previous Bitcoin halving events (every 4 years), the price starts to increase about a year after.
The upcoming BTC halving event is estimated at May 11th 2020 at block 630,000 (source: buybitcoinworldwide.com/bitcoin-clock/).
So, will BTC skyrocket? Or will mining hit the unprofitable threshold that will shift demand to altcoins?
The upcoming BTC halving event is estimated at May 11th 2020 at block 630,000 (source: buybitcoinworldwide.com/bitcoin-clock/).
So, will BTC skyrocket? Or will mining hit the unprofitable threshold that will shift demand to altcoins?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.