Home CryptocurrencyBitcoin Will the 2020 Bitcoin Halving Affect the Market?

Will the 2020 Bitcoin Halving Affect the Market?

by Pragati Shrivastava
, Will the 2020 Bitcoin Halving Affect the Market?

Ouch! Bitcoin hasn’t had a very good week. With cryptocurrency down by about 30% from its year-to-date peak of $14,000, there has been growing bearish sentiment once again. Investors are speculating whether it’s time to brace for another crypto winter. Not all is doom and gloom. There are some experts who predict Bitcoin’s price will start climbing higher in coming months and hit $15,000 by May 2020 when Bitcoin halves again. This may sound too good to be true, especially considering the harrowing sentiment being tossed about; the counterweight of the $15K bullish prediction is the $3K bearish prediction.

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