To my opinion we might see some price rise before halving but that will probably be temporary and it will not last for a longer period of time.
That's the thing I keep thinking about when I consider what impact the halving might have on bitcoin's price--there may have been huge increases in the past, but they weren't exactly sustainable and especially not after the last one. I guess bitcoin did keep a lot of its gains after the 2016 halving, but it sure as hell went way higher than what it settled at. I'm not even sure if the halving was responsible for any of that, and I don't know what to think about the upcoming one.
My guess is that the anticipation of the halving will draw a bunch of new speculators into the market, and they'll drive up the price with their buying. How high bitcoin gets as a result is anyone's guess. Some people think this is basically a guaranteed way to make a profit, which I think is ludicrous but that's the way it is. I'm just hoping we don't see a repeat of 2017. Getting to $20k from $8k wouldn't be quite as nutty as what transpired in 2017, but if bitcoin goes much higher than that, we could be in trouble.
