Price of BTC after halving

[Em00n01]

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

[STT]

2020 is a neutral year by my estimation for a long while now, sideways in sum total.   We will work out the volume from the recovery rise of 2019, absorb the halvening event both speculation and event process of less supply which develops over time.
   So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve.   This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.

[Yamifoud]

Yet, another chapter of Bitcoin's journey and what we are expecting to happen now?
Definitely, we can't exactly tell we are in the bullish soon nor we can be bearish. The previous halvings have a positive response months after but I really doubt if it will happen this year again knowing the situation as it is worse. However, can be of a big chance once the pandemic is done.

TBH, there is no clear vision to see what is the next scenario. There are only two things that possibly won't change and that is the ups and downs.
Maybe it was too early to say something, will have to wait a few months and may we have some pictures on it.

[AmoreJaz]

the price that most of crypto users were expecting didnt happen, im guessing at least 10k. but lets wait for few weeks and see if some changes in the market will happen

2020 is a neutral year by my estimation for a long while now, sideways in sum total.   We will work out the volume from the recovery rise of 2019, absorb the halvening event both speculation and event process of less supply which develops over time.
   So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve.   This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.

yeah lets be conservative with numbers here...at least we are going up bit by bit

[thecodebear]

Halving will just supply a gradually increasing upward pressure on the market. Any significant movements pre- or post-halving are from market participants making big moves, not from the actual supply cut. But over the many months to come the halving will in general slowly raise the price over the longer term.

[GreatArkansas]

This time is difficult for Bitcoin.
For me, what happened is like buying and selling the news, the recent dump after the halving is those people closing their long positions from below $8,000 before. It's like some people expected the price of Bitcoin is gonna blow up again after the halving but the price dumped! Sad for those people who able to buy at the top.

[Nazmul012]

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed. Although I'm not sure about what will be happened. Maybe 2x after Epidemic period is done 

[adaseb]

One thing that surprised me is that the hashrate is pretty much constant or increasing after the halving. I would of assumed it would of maybe had a 20% difficult drop or so. However looking at https://fork.lol/pow/retarget seems like its on course for the retarget to happen in less than 7 days as planned.

Hence proof that most of the hashrate is some large farms which are unaffected by the halving. If this was something like ETH, then the reward halving would have at least a 25-35% drop at least. Goes to show how there is less and less home miners out there these days.

Most of these farms are probably hedged or they are holding the coins and selling probably on price surges. Unlike most home miners who sell right after they get paid from their pool to pay for power and electricity.

[cryptoaddictchie]

Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed. Although I'm not sure about what will be happened. Maybe 2x after Epidemic period is done 

Thats only a portion of reason that attributes to the dump. I watched how the market moves last night and still wake up until the halving is completed, I noticed that price is really been manipulated, some whales tend to keep it price above $8,200 range but never goes down on that range. It also pump hours earlier until $9,144 ( Binance market) but slowly go down. For me staying on this level is already good for everyone, as the price shows a strong resistance on that figures. But watching the market now, I think it will gradually go up and people should realize that bull run needs time and as traders and investors patience is a must on time like this. We still cant be sure how miners will react on this, lets just hope they continue the will to do it even the reward is reduced by half.

[boyptc]

The first block after 630k block was somehow long after it has been mined. Anyway, determine yourself if stand as a long term bullish or short term bullish.

A bearish guy is likely to think that the upcoming days will be going into that phase and it's possible. But if you belong to the long term bullish, you'll ignore that and just relax while waiting for the bullish return of btc.

[$crypto$]

It's hard to guess the price of bitcoin after halving success is it possible in the next few weeks bitcoin will not be able to redeem the $ 10k figure? I do not know how it is possible because of the condition of the world crisis, then this also affects bitcoin so it falls deeper before it.

Of course people who have bought high at current prices will panic a little because what they are worried about is not going to happen again in the near future.

[mahilchii]

This Halving was really disappointing and the excitement is gone now, many of the investors were holding their asset only because of this from now there will be a extreme panic. If this happens I am sure the price will start dropping massively, apart from that COVID-19 too has been a major concern as people are selling their holdings because of lockdowns. I am really worried about the upcoming days...

[jubalix]

the chart looks very different this time to the last halving, sideways vs slow up.

I think a few months out everyone will be caught with their pant down when they realise how few btc are now available in new supply and hit the buy button, and this trend will continue to the next high and crash, circa 200 K then back to 40K or some such.

This should play out in about a year or two.

The real issue is there are always fewer sellers because you shake out everyone who would sell each cycle, so the market is selecting for committed hodlers

[bitbunnny]

So far there are no major changes in.price and to my opinion it will stay so. Price will continue to fluctuate in the current range.
However, this is not the typical time and not only halving affects the price. Pandemic also left the trace as well as lockdown and global crisis that is coming.
Because all of that I wouldn't give any kind of predictions for Bitcoin price in the upcoming period, all kind of surprises are possible.

[Smitty Werben Man Jensen]

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

Q3 to Q4, 2020 will be the month for Bitcoin to be accumulated, I believe this happens because Bull and Bear have passed,
Bear when Bitcoin drops to $ 3800, and Bull When Bitcoin goes up to $ 10000, the accumulation zone will be at $ 8000

[sheenshane]

The truth is, no one knows what will happen but we will see to it and wait. The first and second halving results are showing good performance in the market after the halving was successful occurred if we check back the previous halving, after a couple of months Bitcoin price blown up the price. So probably we must be ready what will happen because there should be an impact after the halving, investors might they will buy bitcoin in anticipation. Because you can't jump in when the price of Bitcoin moving up after this halving.

I hope this time of halving is the same as the previous two events because I have doubt that it is different just because of the world recession due to the coronavirus pandemic crisis.

[Oasisman]

Nothing's change from the last few days of movements. It's still going sideways even after a few hours from the block halving. There's still no indicators on whether we're heading for a bullrun or bearish run. However, the Bitcoin block halving has caught a lot of attention from the internet, so we might be assuming a good run from here. For sure, people during the lockdown and home quarantined has a lot of time to read on cryptocurrency and the important events of this technology. They might get interested and put their money in Bitcoin.

[jhonjhon]

Even though I was wrong with my prediction but I was really optimistic to think about a rallying market a few days from now. It possible we are getting back to $15k in the next quarter. I could say this because some countries are starting to return their "new normal" operation, the opening of some businesses will help to recover the economy in these countries and that was potential for the crypto market growth.

[Yourhomeboy]

I predicted 10k earlier and saw bitcoin getting to 10k couple of days ago. But I think bitcoin trading this year will be Negative. The price is lower than 9000. It's dropping back but may not exceed 8k, If it can hold at 8k this month. I predict another rise to 10k.

[Reid]

It's bad for people who have too much expectation.

This is for the best.
Patience is what we needed.
Just try to calculate everything for now or use this time to be the opportunity to buy more.
Do always keep in mind that it could go anywhere.
It doesn't always mean that the value should go up after a halving happens.