
April 18th, 2025
With the 2024 halving still about 1198 days, the stakes seem higher, perhaps because of the volatility of the trading market in 2021.
With three years left on the forecast, popular analyst PlanB and Bloomberg strategist Mike McGlone have stated confidence in a continuing BTC uptrend.
An on-chain data has confirmed the recent engagement of BTC whales with 88857 BTC worth about $1.1 billion moved from a wallet address at a fee of $3.58 at a block of 654,364.
Though at the moment Bitcoin price is far away from its all-time high, some analysts expect a bull run in the near future.
Bitcoin price is rising today. BTC has gained almost 8% to set a daily high of $9,660 but the price is still not adequate for small BTC miners.
YouTube blocked Cointelegraph’s live stream of the Bitcoin halving event. YouTube is known to do the same with other cryptocurrency-related content providers.
With the latest Bitcoin halving, the BTC mining rewards have reduced from 12.5 BTC to 6.25 BTC. Since its last halving in 2016, the BTC price has appreciated 1200% so far until the third event.
With a few hours and less than 40 blocks to 2020 Bitcoin halving, CME Group says the record trading activity for its Bitcoin derivatives reflects a strong institutional interest before the halving event.
As just around 10 hours are left before Bitcoin halving, many people are trying to guess what may happen to the price of BTC. Let’s have a look at teh current price movement.
After reaching $10k last week, Bitcoin is now trading below $8,700. Bitcoin 2020 halving is around 12 hours away but analysts warn that a second coronavirus wave could stop the Bitcoin rally after halving.
Bitcoin yet again faces strong resistance at $10,200 levels as whales start liquidating their long positions resulting in a steep sell-off. Nearly, $200 billion BTC was sold in just an hour’s time. Now BTC is trading around $8,600.
Such wordings as “Bitcoin halving date”, “what is Bitcoin halving”, and “Bitcoin halving countdown” are extremely popular for Google search. Just 2 days are left before the big event. BTC price is below $9,700.
With approximately three days before the 2020 Bitcoin halving, BTC price is hovering around $10k with the bulls easily flexing their muscles against the bears.
Bitcoin price is moving up as the halving is just 3 days away. But will Ethereum follow the trend and rise along with Bitcoin?
The Crypto Valley experts came to a consensus that this Bitcoin block reward halving would be different from the previous two, regardless of which direction the price of Bitcoin (BTC) goes. However, it seems that, at least for now, Bitcoin price is going up constantly.