Bitcoin price performance from year 2012 to 2020

Bitcoin appreciated by 34% from $9.5 to $12.75 in the four weeks to Nov. 28, 2012, when mining rewards were trimmed by 50% for the first time.

The cryptocurrency underwent its second halving on July 9, 2016. On that day, it was trading near $660, representing over 45% gain on the low of $440 observed in mid-May (though it peaked at $780 in mid-June).

After Rising to a height of 30,000$ bitcoin may get its price decreased according to experts as during the bitcoin rally investors have buyed a large of the currency to which its price was getting pumped . As bitcoin has riched its highest price today the investors may sell the cryptos to get their profit from it and due to sudden sell of bitcoin it may start dumping and may reach to its previous price.

Price performance after previous halvings

Bitcoin traded in a sideways manner for over two weeks following its second halving and fell to $465 on Aug. 2 – a loss of nearly 30% from the halving day price of $660.

The fresh record high above $1,160 was set nearly eight months after the supply cut. The upward momentum gathered pace in the following months and prices reached $20,000 in December 2017.

Some investors would argue the cryptocurrency remained bid following its first halving on Nov. 28, 2012. However, back then the community was quite small and primarily consisted of “believers,” who cheered the first supply cut.

That said, prices rose only 6% from $12.75 to $13.50 in the two weeks after halving and remained sidelined in the following five weeks.

If you compare bitcoins price from the year 2012 and 2020 its has got a very big difference. The coin that was having price of 13$ is now 34000$ which is really a a biggest change .

Note: this is just a thought from me it is sure that it will dump and it price will be decrease and also cause investors a lot of damage.

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