The Bitcoin exchange rate today from its strong side. The BTC price has risen since this morning at around 8% and has broken the magical $ 8,000 for brand. This means that the Bitcoin price reached the price level of the Corona-crisis. This is a pretty bullishes characters. In addition, the Bitcoin Halving in the coming days, which could perhaps provide a further price increase.How will the behavior of the Bitcoin exchange rate up to the Halving? What happens after that, Pump or Dump?
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Bitcoin price shows more bullish
Since then, the Corona-crisis has also been found in the crypto market, has seen the Bitcoin rate to a historic drop of over 50% in just one day. The BTC price is temporarily dropped to up to 3,800 USD. But it was only a short Drop. In the following days, it went relatively quickly back up and the BTC price stabilized between 6,500 and 7,500 USD.Many have used in the Corona-crisis, the extreme fall in the share price, your BTC to expand the Position further. This event has scared off many newbies, and probably also to the sale of the one or the other BTC led. The more experienced investors, the move is already in the crypto market, were more relaxed and took advantage of perhaps the last Chance to buy BTC under $ 4,000.Today the Bitcoin price has broken the key $ 8,000 mark-up and is currently traded at approx. 8.350 USD. This strong price increase has not but triggered only joy. Some investors were expecting a further price drop and with the Bitcoin buying is still awaited. Now, many chasing the Bitcoin exchange rate and a rise is now much higher than it was before the eg. a week was still possible. FOMO (Fear Of Missing Out) is now ubiquitous.Trade on the worlds leading Social Trading platform!Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Bitcoin Halving as the cause?
The Bitcoin exchange rate can rise current only through the approaching Bitcoin Halving explained. All Halvings until 2140 are well-known and for all of the visible, nevertheless, such fundamental Events will be priced in the run-up to often inserted. In addition, Google will show queries that the interest in respect of the Halving is still upwards.This does not mean, of course, that all that are looking for Bitcoin Halving, buy also. It shows, however, that shortly before the Halving, more and more people and with the people. Depending on what article one encounters, is also many suddenly realized, what the long-term consequences of this regular Event.It effectively reduced the supply of new Bitcoin to the market. BTC Miner will get in 12 days, only half of the Block Rewards. Currently the Block Reward is 12.5 BTC. After the Halving, this is halved to 6.25 BTC. Thus, not 1.800 BTC, but only 900 BTC will be incurred per day.
Pump or Dump before and after the Halving?
It is currently hard to really know whether the increase in interest will also have to Halving continue to be positive on the Bitcoin exchange rate. However, have shown us the Bitcoin Halvings in the past that the price will increase before the actual Event strong.What will happen then, is, in my eyes, currently hardly foreseeable. Nevertheless, it is likely that to come on the day of Halvings, and for days, weeks, or even months afterwards, a correction can. According to the Motto: “Buy the Rumors, Sell the News”. Although the Event is known, but often operates according to this principle of the various market participants.How far, and whether it will ever come to such a strong Bitcoin exchange rate correction, we can currently not say. The fact that most are expecting a price drop after the Halving, it will break-in more and more unlikely. In the long term, the current BTC price movements do not play a significant role.
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