We update our predictions daily working with historical data and using a combination of linear and polynomial regressions. Bitcoin Halving Will Reduce Bitcoin Supply As previously reported by Bitcoinist , the next halving will see the miner block reward go from 12.5 to 6.25 BTC sometime in May 2020. If this channel support gives in to the selling pressure, Bitcoin price could plunge to test the support at $6,000. In this article, we will discuss bitcoin cash price prediction before halving. For the anxious investor, the Bitcoin trading at $8813 after halving is a disappointment, and he will be willing to sell if a drop in price makes him go from disappointment to frustration. The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. We will start with a short introduction about Bitcoin Cash and what a hard fork is (Bitcoin Cash is a hard fork from Bitcoin). Key Takeaways. In the second block reward halving, which took place on July 9, 2016, Bitcoin’s price went from $683 to $572 in 77 days after the halving. BTC - Bitcoin Price Prediction for tomorrow, week, month, year & for next 5 years. A break above $7,200 could pave the way for the anticipated gains targeting $9,000 amid the halving in May. In May 2020, we are looking at quite a historical event taking place - Bitcoin Halving! In 2012 and 2016, the Bitcoin price experienced drops before and after the halving, and only after 8 months Bitcoin saw a boost from bulls. Technical indicators suggest ongoing similarities with the third one, as well. Despite “Bullishness” of Halving, Bitcoin Cash Flatlines. In a more data-focused prediction, Pantera Capital lead, Dan Morehead, believes the price of bitcoin will hit the USD 100,000 mark after the halving. The Bitcoin price movement before and after halving has had similarities between the first and second events. Save for a drop that took place earlier today, BCH has barely deviated from $260-$270 range it has been trading in for the past two hours. Bitcoin Cash and Bitcoin SV will soon go through their first halving, which will cut in half the rewards miners receive for mining each crypto. In a letter to Pantera Capital investors, Morehead wrote : “Extrapolating this relationship to 2020: The reduction in supply is only 40% as great as in 2016. Everyone has been dying to know what it is, how it is different from block halving and how it will affect the Bitcoin price. On the upside, the 100 SMA will hinder movement at $7,063. Although BTC’s halving is believed to be a decisively bullish event for its price, there seems to be a different story for Bitcoin Cash. The fourth-largest cryptocurrency Bitcoin cash has recorded a mammoth 160% price growth since its low which was found in December last year. A post-halving rally could eventually pull Bitcoin above $8,000 but growth past $9,000 is unlikely with the COVID-19 pandemic ongoing. BITCOIN Halving 2020. Bitcoin Cash and Bitcoin both will have Halving events this year. If the price follows this same pattern, it will increase prior to halving, decrease afterward, and then begin a new market cycle. The biggest Bitcoin hard forks by market capitalization are scheduled to go through a fixed process known as the halving, which could have serious price implications. The forecast is based on our in-house deep learning (neural network) algo. Bitcoin price renews the uptrend after stepping past the 50-day SMA. Bitcoin Cash Price Prediction For 2020, 2021, 2022 At TradingBeasts, we do our best to provide accurate price predictions for a wide range of digital coins like Bitcoin Cash.

List: Best Bitcoin Cash Predictions for 2020 In this article, we will list the best Bitcoin Cash price predictions for 2020.