Is 12K USD is the next target?

[Juggy777]

I am damn sure the price of BTC will reach atleast 12k before halving. Just have some patience and wait..

we can't wait too much, it's only 39 days before the halving - https://www.buybitcoinworldwide.com/bitcoin-clock/
The world is still in panic right now, it's a big hindrance for us achieving that good price, we might see the price slowly recovers but to pump that high, I am not sure now as anything there could be another dump because the economy is getting worst and that information could be use by whales to cause some big panic again.

prices recovered quite quickly, only before halving reached $ 12k under these circumstances, it seemed quite difficult. within a span of 40 days, I think the price of bitcoin will only approach the price of $ 10k. Well, that is my prediction, but hopefully, the price exceeds that. however, if the price of bitcoin reaches $ 12k before halving in the middle of this pandemic, I think the price could be higher when this pandemic disappears.

@Free1bitco.in due to coronavirus it’s becoming impossible to predict where bitcoin prices will end post halving, but there’s a growing sense of optimism too in the crypto market that we will see a upwards movement in bitcoin prices pre and post the halving period. Furthermore it seems that many low quality miners have been wiped out, and that could further help bitcoin prices rally upwards once the halving event begins.

Source:

https://cointelegraph.com/news/bitcoin-price-will-go-up-as-only-profitable-miners-remain-data-analyst

https://www.coindesk.com/bitcoin-halving-explainer

https://www.nasdaq.com/articles/coronavirus-the-halving-and-a-price-drop%3A-bitcoin-mining-marches-on-2020-03-24

[Finestream]

Furthermore it seems that many low quality miners have been wiped out, and that could further help bitcoin prices rally upwards once the halving event begins.

That's because they are not anymore profitable with as the mining difficulty will increase, it's gonna be the big ones will survive in the long run if bitcoin price will not rise, therefore its expected that this halving bitcoin will rise, and it's a good sign that bitcoin is bullish now, we are at a good price and maybe next move will be $8k until we return back to $10,000.

[joinfree]

$12K is not likely going to happen anytime soon. Achievable targets were within the ranges of $8K-$10K and that was even predicted by some technical analysts after bitcoin halving. But right now with the situation of COVID 19 I doubt these predictions will come through.