The market expects a big increase in the price of Bitcoin in 2020.
Fans expect that the approaching halving in the coming days will have a big impact on the price of Bitcoin, some estimate that it can reach $100,000 per unit
The "plan b" analysis is based on the last two halving that took place in 2012 and 2016 which boosted the price of Bitcoin, at the time in 2012 a price of between $200 and $800 was predicted. The same analysis resulted in the price of Bitcoin between $6000 and $10,000 after the second halving.
The same theory that the price of Bitcoin could reach $100,000 by the end of 2020 predicts that by 2024 the price of Bitcoin could be $1,000,000! This is due to the new halving that would be planned for that year. However other experts like Mike Novogratz predicts more modest values as Mike can hang his boots if the price of Bitcoin does not reach $20,000 by the end of 2020.
What's your prediction?
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