Bitcoin to see all-time high with halving approaching?

[Gafman]

As the most antcipated event (Bitcoin Halving) keeps getting closer a lot of predictions have been made on how it will affect the Bitcoin Fast moving price in April.

Bitcoin is set for a comeback from the dead after recording a 103% rise in price in April which has brought up a lot of conversation on if its heading for a new all time high since January 2017, but one of the main stories out there is if the halving is going to help in the cause or not?

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work. Taking this into account i really think the BTC is heading for a high price but not breaking the all time high.

Discussions and Additions would be appreciated

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[carlfebz2]

As the most antcipated event (Bitcoin Halving) keeps getting closer a lot of predictions have been made on how it will affect the Bitcoin Fast moving price in April.

Bitcoin is set for a comeback from the dead after recording a 103% rise in price in April which has brought up a lot of conversation on if its heading for a new all time high since January 2017, but one of the main stories out there is if the halving is going to help in the cause or not?

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work. Taking this into account i really think the BTC is heading for a high price but not breaking the all time high.

Discussions and Additions would be appreciated

Breaking all time high would really be still in question specially at this moment but to think that heading another 10k price wont really be that far but i dont believe much that it would able to reach out into this particular time but who knows? Bitcoin can surprise us and its been doing since from the beginning on where people got shook into its breaking resistances and supports.Nothing is impossible though but we shouldnt
really think that halving event would always have that positive outcome.Yeah, thinking up for long term aspects would be suggested but really dont hope too much on positive things.

[DarkDays]

I think it's highly unlikely that Bitcoin will see an ATH before halving, although I certainly hope it does.

A more reasonable expectation might be something like 10-15% gains in the next 2-3 weeks, with a small fall-back shortly after the halving.

Historically, Bitcoin has achieved its greatest gains in the months and years AFTER the halving, whereas the days and weeks before have been bullish, but far less so.

Now is not the time to sell your BTC, that's for sure.

[ecnalubma]

I think the chance for Bitcoin to hit ATH before halving is slim but not impossible due to mixed factors. But only time will tell, because what we can see now it moves independently despite a global crisis it shows strong indicators hoping it won’t drop too soon.

[pixie85]

I don't expect it to break ATH this year but it's all going to be fine because it's still on track to do it in the next 2 years.

If you look at bitcoin halvings on the charts you'll see that it did not pump right after each halving. Halvings were always followed by bull markets but each subsequent bull market was longer. This is to be expected as we're talking about much greater amounts of fiat money needed to push the price above the highs.

I expect the price to stay around 10 thousand dolars this year.

[gentlemand]

I can't see a new ATH until halfway/late into next year at the earliest. Even then that might seem like ludicrous optimism considering the world has barely begun to digest the effects of all the viral strife.

We may get a further pump from here and then perhaps downhill after the halving. You only get the true effects quite a lengthy time after the actual event. The current stuff is buying and selling the news.

[GreatArkansas]

I think it's highly unlikely that Bitcoin will see an ATH before halving, although I certainly hope it does.
(....)

This block halving could be different for sure because the first block halving before is able to create a new all-time-high before the halving, but now, if we can't (probably we will be like what happened on 2nd block halving). I also expected this as to what price we fall these few months. But this is also good, as time goes by, the market is maturing.
Healthy pumps are good for Bitcoin, I don't want the parabolic move at 2017 will happen again, it's kinda scary if it will pullback.

[Bezobraznike]

I can't see a new ATH until halfway/late into next year at the earliest. Even then that might seem like ludicrous optimism considering the world has barely begun to digest the effects of all the viral strife.

We may get a further pump from here and then perhaps downhill after the halving. You only get the true effects quite a lengthy time after the actual event. The current stuff is buying and selling the news.

   Gentlemand you just confirming what most of legendary members wrote for months! Nobody from
experienced members believe that new ATH will happen this year! We all know that chances exist, we
heard many times that with crypto-currencies anything is possible, but they are very low probably!
   I don't expect miracles after halving, I try to keep my expectations at ground! Halving will have long-term
effects, and now while some buy and sell the news, we should buy and hold!

[hugeblack]

The effect of halving will not be meaningful unless the demand increases because the decrease in supply "due to halving" and the stability of demand or a decrease will not lead to a crazy increase in the price (ATH.)
There are psychological factors that may cause the price to increase, but we will not reach the 2017 levels.
So unless the consequences of the pandemic change many things, we will not see the 200,000 level this year.

[Yaunfitda]

As the most antcipated event (Bitcoin Halving) keeps getting closer a lot of predictions have been made on how it will affect the Bitcoin Fast moving price in April.

Bitcoin is set for a comeback from the dead after recording a 103% rise in price in April which has brought up a lot of conversation on if its heading for a new all time high since January 2017, but one of the main stories out there is if the halving is going to help in the cause or not?

Historically, according to Bitcoin Obituaries, it has died 380 times. However, halving is the catalyst for an eventual bull run. So it remain a theory again after what is going to happen after this years halving.

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work. Taking this into account i really think the BTC is heading for a high price but not breaking the all time high.

Discussions and Additions would be appreciated

On the contrary if miners are going to mine 6.25 per block after the halving, so the amount of supply will dwindle, and in theory there will be more demand. And with more demand the price could potential go up and in the following years after the halving, we may reach another all-time-high.

[hatshepsut93]

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work. Taking this into account i really think the BTC is heading for a high price but not breaking the all time high.

Are you saying that miners can influence the price? This isn't really the case, mining is not the same as traditional manufacturing of some sorts, it was designed to follow the price thanks to the difficulty adjustment algorithm. If miners will refuse to sell their new coins, lots of other people will still be able to sell, so if miners will start quitting, the difficulty will adjust later and it will become easier for miners who are left.

[mahilchii]

I am not sure how you are predicting it but all time high is quite Impossible, though the pressure is building in the market BTC is performing. There are possiblities even big whales can manipulate the price post Halving.

More over this COVID-19 has been a serious thread which has already disastered the entire economy, However there are chances of 15-20% pump.

[pooya87]

Bitcoin is set for a comeback from the dead

your definitions seem so messed up!
just because there was a drop it doesn't mean bitcoin was dead!!!

if the halving is going to help in the cause or not?

the supplied having a cap is going to contribute to the fact that bitcoin price rises due to being deflationary. and halving itself is only part of that.

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work.

how much money miners earn is not going to change the price of bitcoin. the price of bitcoin is going to change how much money miners make! in simple terms you are thinking in reverse.

[adaseb]

You never know what the halving will bring. Basically there are tons of people out there who still got jobs, they are bored working from home and they look into trading stocks for the first time. Many brokerages had record number of new clients last quarter. There was tons of retail money that entered the market. They are basically have no idea what to buy so they buy everything basically buying oil etfs which tanked, shorting SP500 which had a quick recovery or buying airlines when Buffet was selling.

If they see that bitcoin is approaching a new ATH again, they will most likely jump in like last time and we can easily propel past the ATH. So anything is possible. Every market these days is erratic. Look at the negative oil futures prices. Look at the DOW30 having a record day when 30 million people unemployed.

Bitcoin going up 20% a day for the next 5 days to eventually break $20K is slim, but since the markets are crazy I wouldn't be surprised to see it happen.

[ultrloa]

I am not sure how you are predicting it but all time high is quite Impossible, though the pressure is building in the market BTC is performing. There are possiblities even big whales can manipulate the price post Halving.

More over this COVID-19 has been a serious thread which has already disastered the entire economy, However there are chances of 15-20% pump.

We are on disastrous situation where many are affected so I agree with you that it's impossible for us to see a all time high when this covid-19 still excisting on this planet, But if experts will find a cure and the economy recovers maybe this will change the phase since might we will see a miracle since for sure the participation of people who are in crypto could create an outstanding demand after this pandemic.

[Reid]

I Personally think it will, if the blocks that are mined are halved, the miners are basically gaining less for the same amount of work. Taking this into account i really think the BTC is heading for a high price but not breaking the all time high.

Discussions and Additions would be appreciated

I have the same opinion.
Although there are doubts.

First, it will be the market which will decide.
If we will see demands rising since not a lot of bitcoin are being mined or it gets more popular and people keep on buying even just for half a bitcoin then there is no doubt it could come true.
But, how will people buy without money?
Even if how much optimistic you are with the technology of bitcoin there is no chance you could buy without having fiat first.
Post-halving might be long but we have no choice but to wait.

[el kaka22]

Bitcoin is not really something we can be predicting about that easily, it is definitely a challenge whenever a move happens, so I can't really say it will happen or it won't happen honestly because it is a very difficult thing to do.

However if I was given one prediction to make about it, I say inside 12 months after the halving we are going to see the 20k broken easily. I can't really explain to you why I assume as such other than the old "its going to be less" reason because that's all I need. I mean think about it, there is going to be so much less bitcoin in the market being sold, that has to count for something. In some perspective thinking, I guess that just because there is less bitcoin doesn't really mean anything big, there is billions in trading right now, so few millions wouldn't change too much, but those few millions combined could make something.

[Kelvinid]

It seems to be a wild guess but I've thought that the market isn't having that high-level market support to make it possible amidst this pandemic crisis.
Honestly, I lose my confidence and I know this halving isn't enough. Besides, Bitcoin halving isn't the assurance or a ticket for the price to rally high. Coz if we can check previous halving history, you can't see a bullish market during halving but instead seeing it after the event. So, therefore, we have nothing to expect by then but anyway, we know the volatility, it can be changed as well.

[Oasisman]

I am not sure how you are predicting it but all time high is quite Impossible, though the pressure is building in the market BTC is performing. There are possiblities even big whales can manipulate the price post Halving.

More over this COVID-19 has been a serious thread which has already disastered the entire economy, However there are chances of 15-20% pump.

We are on disastrous situation where many are affected so I agree with you that it's impossible for us to see a all time high when this covid-19 still excisting on this planet, But if experts will find a cure and the economy recovers maybe this will change the phase since might we will see a miracle since for sure the participation of people who are in crypto could create an outstanding demand after this pandemic.

Imo, I don't see the pandemic as the biggest threat to deprive the ATH after the block halving. If the covid-19 has made a huge impact in cryptocurrency market, we shouldn't have seen the current figure of Bitcoin today, we should've been stucked at the recent low $4,100 or worse.
That only means, the people invested in crypto space aren't totally affected with the health crisis, unlike stocks which has the direct affect to the investors and consumers, which will eventually fall as the pandemic became worst.
The pandemic may have affected the crypto market, but it only does a minimal damage. Bitcoin is a very unpredictable and very volatile asset. Let's see what Bitcoin's next move before and after the halving.

[Oilacris]

I am not sure how you are predicting it but all time high is quite Impossible, though the pressure is building in the market BTC is performing. There are possiblities even big whales can manipulate the price post Halving.

More over this COVID-19 has been a serious thread which has already disastered the entire economy, However there are chances of 15-20% pump.

We are on disastrous situation where many are affected so I agree with you that it's impossible for us to see a all time high when this covid-19 still excisting on this planet, But if experts will find a cure and the economy recovers maybe this will change the phase since might we will see a miracle since for sure the participation of people who are in crypto could create an outstanding demand after this pandemic.

Imo, I don't see the pandemic as the biggest threat to deprive the ATH after the block halving. If the covid-19 has made a huge impact in cryptocurrency market, we shouldn't have seen the current figure of Bitcoin today, we should've been stucked at the recent low $4,100 or worse.
That only means, the people invested in crypto space aren't totally affected with the health crisis, unlike stocks which has the direct affect to the investors and consumers, which will eventually fall as the pandemic became worst.
The pandemic may have affected the crypto market, but it only does a minimal damage. Bitcoin is a very unpredictable and very volatile asset. Let's see what Bitcoin's next move before and after the halving.

You cant even say that they are correlated to each other but to think on economic aspect then it will really have that connection but we cant really cross out the possibility that
drops could happen if this current situation will still continue further. Money flows into different markets including crypto and when the time comes that people do need money
to buy up their needs in times of crisis then there would be no other options left but to pull out their investment.We might not see it on crypto market as it opposing on what
we are anticipating but the probability is there.