Bitcoin Halving Set for Spring 2020 with Many Metrics Currently At ATHs, Possible Rise in Value?
It has been recently revealed that several of Bitcoin’s [BTC] metrics, including the likes of the hash rate, block size, and unspent transaction count (UTXO) among others have risen to new heights reports Bitcoinist.
When Bitcoinist reported on this matter, the hash rate was 74.5 quintillion hashes per second, which is believed to have gone up by 140 percent since BTC’s plummeting value throughout most of 2018.
Given BTC’s halving event set to occur in 2020 and this has gotten many quite excited. As per the claims made, many are expecting to see BTC’s value to go up beyond its current value of roughly $11K.
Crypto strategist and educator, Craig Cobb expects BTC to drop a little before it will reach another possible all-time high (ATH). In particular, Cobb predicts a pullback to occur for the crypto giant, with a
“price action area within the 10 to 20 period moving average.”
If history repeats itself, traders can expect BTC’s value to increase by 900% after the halving event reports Bitcoinist. What are your thoughts about BTC’s halving events and its aftermath? Will it be huge? Let us know in the comments below.