Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

[sirty143]

Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

Bitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. See more for yourself here.

Your opinion is greatly appreciated.

[Senin]

Almost two months have already passed since the reward was reduced by half to miners, however, the traditionally expected decrease in the price of bitcoin in the first few months after this event did not happen. Bitcoin, on the contrary, shows some growth, although with the manifestation of the usual price volatility for it. Now the price of bitcoin is $ 9,436. Apparently, there will no longer be a drop in the price of bitcoin due to halving. Now we need to tune in to a big increase in the price of bitcoin and the entire cryptocurrency market, and not for its fall.

[Lorix]

The price of bitcoin has dropped a lot. As a result, many miners have stopped mining. At the same time, they have started selling their bitcoins at lower prices. They think the price of bitcoin will be much lower than $10k. That's why they have problems with their btc. In fact I think they have no problem., They are lucky. There may be many changes, but I can see signs of improvement. However, I would like to congratulate the value addition of bitcoin. I think everyone will be very happy if the price of bitcoin increases. I am also worried about this issue.

[Noverteno]

In the first months after halving the remuneration of miners, the price of bitcoin usually drops slightly until the bitcoin mining system adjusts itself. This time this event occurred simultaneously with the spread of the coronavirus and the expectation of a global economic crisis. Therefore, there were many factors affecting the price of bitcoin. As a result, there was no noticeable significant drop in the price of bitcoin due to its halving. Apparently, we have almost passed this stage. Now the time has come for a relative lull in the markets, and with the onset of autumn, I hope that the cryptocurrency market will already grow.