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Bitcoin Could See Bullish Run With Halving Due In 6 Months
Summary: Bitcoin is likely to have a bullish November due to the halving event coming next May, according to CoinDesk. Bitcoin, the number one cryptocurrency by market value has had a stellar end of October, rising up from the below $7,500 hole they were in a week ago. According to Bitpush Data, Bitcoin is currently worth ...
Bitcoin is likely to have a bullish November due to the halving event coming next May, according to CoinDesk.
Bitcoin, the number one cryptocurrency by market value has had a stellar end of October, rising up from the below $7,500 hole they were in a week ago.
According to Bitpush Data, Bitcoin is currently worth $9,347 at the time of writing and could see this bullish run continue with the virtual coin set to undergo a mining reward halving in May. Bitcoin has historically shown growth six months ahead of the reward halving.
Bitcoin has seen positive gains in November six of the last eight years. It is believed that with such a positive end to October, Bitcoin is in a position to shoot well above their recent high of $10,350 in November and potentially challenge the 2019 high of $13,880 over the next couple of months.
By Ramsey Baker
Tags: Bitcoin,Bull,Cryptocurrency,Halving
Link: Bitcoin Could See Bullish Run With Halving Due In 6 Months [Copy]
