The price of Bitcoin is predicted to reach US $ 10 thousand per BTC before halved, in mid-May 2020. Whereas after Halving (around 12-18 months) it can penetrate US $ 19 thousand as the 2016-2017 bull run.
"We expect Bitcoin prices to rise by more than US $ 10,000 before halving," said Simon Peters, a crypto asset analyst at eToro.
Peters also reported several factors that could drive the price of Bitcoin over the next few weeks. First, miners (miners) continue to accumulate their new Bitcoin imbalances instead of selling in large quantities
Secondly, many new users buy Bitcoin, both from big players and retailers
Third, many people are starting to worry about monetary problems by central banks around the world.
"How high that factor pushed Bitcoin prices higher, it could be long-term, amid the deteriorating economic outlook for the US months. The Binance US crypto asset exchange official, Catherine Coley, was also bullish against the Crypto King of Assets.
"On the second Halving in 2016, the actual rally took place 18 months later. This could happen to Bitcoin after Halving in May 2020. I am relatively bullish in the long run, "he said.