BTC Halving has taken place but we still haven't seen its positive effects on the crypto community. The rally only lasted a few days, currently Coinmarketcap is engulfed in the red of the downtrend. BTC was defeated at $9861, while ETH was defeated at $215.
Perhaps we were too optimistic for BTC's 3rd Halving event. I think the mission of the BTC community in 2020 is to conquer and maintain the price of $10K, while the ETH community will need to capture the price of $500 thanks to the motivation of ETH 2.0.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
Firstly, there are some positive impact in
On the current crypto market, plus the fact that the 3rd BTC halving happen at the time the world was battling the pandemic covid19 desease. This pandemic could have hit hard on the crypto economy just like it did to the various sectors of the world economy. I think halving has helped in great ways.Bitcoin & altcoinstalks has survive the corona virus rigme, thanks to the strong resistance of Bitcoin which is a plus to general crypto ecosytem. This is my opinion.
As for Bitcoin returning to the $20k mark like it did in 2017, I think crypto is unpredictable, and in incrypto, anything can happen; the timing of any bull run the the 2017 type may be difficult to speculate or forecast.