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
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.
Sources: CoinTelegraph.com; CoinTelegraph.com
[…] the wake of the third Bitcoin halving, the leading cryptocurrency is increasingly showing bullish […]
[…] Bitcoin’s third halving in history took place at 7:23 p.m. UTC on Monday, which reduced the Bitcoin block reward from 12.5 BTC to 6.25 BTC. […]