An alternative estimate of the price of Bitcoin after halving in May 2020
Halving time expected to be in May-13 2020...
Famous trader Eric Chow (@ChoeTrades) explained why bullish and bear radicals should lower their expectations ahead of the upcoming third Bitcoin (BTC) halftime show.
Eric Chow scoffed at attempts to forecast BTC (BTC) price movements based on positive and negative market sentiment. For example, the total hope of selling at a time of new highs after halving can be expensive for bulls:
By contrast, bearish sentiment can increase the chances of a flagship cryptocurrency to make another rally. In general, Chow avoids commenting on this topic. However, one of his latest predictions may scare the bulls as he recommends that his followers prepare for Bitcoin (BTC) to reach three-digit amounts:
$ 900 - be prepared.
According to detailed estimates shared by Chow, Bitcoin (BTC) could enter the under $ 3,000 zone by the end of May if the bearish scenario is fulfilled.
Turning point
The third Bitcoin halving (BTC), due on May 13, 2020, is being treated by the community as the basis for a long-term bullish market. According to the stock-to-flow model by trader and analyst PlanB, the price of the largest cryptocurrency may jump by the end of 2020.
Moderate bullish forecasts (by Michael van de Pope, Charles Edwards) assume that the new Bitcoin (BTC) all-time highs (ATH) will follow in 2022 or 2023.
By contrast, Bitcoin critics, such as renowned gold backer Peter Schiff, are confident that bitcoin halving will be nothing special and will not directly affect the price of the asset.
#My personal views are that BITCOIN after the halving may be for some days with little down movement and then will start bullish move (rally) to above 10000 USD in the next months.
Many altcoins could receive significant boost after the bitcoin halving.
More special Chainlink, Tezos, Ethereum, Enjin, Kyber Network.
What are your views ?
Right now I focus on the new projects on the crypto sphere. It is hard to know which direction Bitcoin might go next.
Dear @dappuser
I've mentioned already before, that we won't be able to support your content with upvotes because you seem not to engage at all with other users. Your latest comment is over 2 months old and you didn't even reply to any received comments within this time.
Our goal is to share our resources with users, who engage with others. I would appreciate if you could avoid posting within project.hope community since you do not fit this criteria.
hi @dappuser
Welcome to project.hope community. I would drop some valuable comment, but I also noticed that you aren't replying so let me just wish you all the best :)
Small upvote on the way
Piotr
hi @crypto.piotr
How can I be engage with the project more closely ?
You've joined our discord server already, right?
Please DM me whenever you have time.
Basically project.hope is osupporting users who are active and engaging with others within community. Meaning: users who not only post quality content, but also invest their own time into reading articles posted by other authors within PH community.
Cheers, Piotr
I really do hope that these altcoins receive a boost soonest.