Bullish About the Bitcoin Halving

Bullish About the Bitcoin Halving

May 6, 2020 by CS Team
Stock-to-Flow Model prediction model is facing its biggest ever test, with its end-of-year price target now at $30,000. According to the model, BTC/USD should hit $30,000 by the end of 2020. With less than two weeks left until the halving, Bitcoin continues to perform really well, especially in comparison with oil and gold. Historically, the
Halving's impact on Bitcoin's price

Stock-to-Flow Model prediction model is facing its biggest ever test, with its end-of-year price target now at $30,000.

According to the model, BTC/USD should hit $30,000 by the end of 2020.

With less than two weeks left until the halving, Bitcoin continues to perform really well, especially in comparison with oil and gold.

Historically, the previous two halvings have led to rallies in Bitcoin.

Bitcoin stock-to-flow chart as of April 17
Bitcoin stock-to-flow chart as of April 17. Source: PlanB/ Digitalik

Sources: CoinTelegraph.com; CoinTelegraph.com

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