Bitcoin (BTC) surprised many investors in the cryptocurrency market when it was able to surpass $9,400 and then come back to the $8,800 level. Indeed, Bitcoin moved 22% in less than 24 hours allowing it to attract the interest of investors and enthusiasts that were on the sidelines.
Bitcoin is getting close to a new halving event. This is expected to be bullish for Bitcoin in the mid- and long-term. In just 11 days, on May 12, the Bitcoin network is going to be experiencing a new halving event that would reduce rewards from 12.5 BTC to 6.25 BTC per block.
That means that miners will have fewer BTC to sell to the market and to cover their expenses. Although this could reduce the number of miners on the Bitcoin network, it could also push BTC prices higher.
i think that we can see the price of bitcoin over 15000$ by the end of month , so i recommend everyone to buy it