Crypto community expects '2020 halving' to ignite a major bull run

25 May, 2019
by Joeri Cant
Bitcoin
Crypto community expects '2020 halving' to ignite a major bull run

A leading crypto analyst, known in the industry as Plan B, took to Twitter to ask his followers how the market will react to the Bitcoin 2020 halving event.

In a recent Twitter poll, the crypto researcher, Plan B, asked his 14.3K Twitter followers, how the market will react to Bitcoin’s third halving event, estimated to take place in May 2020.

A staggering 87% out of 2574 votes, are convinced that the world's most popular cryptocurrency will boost upwards once the 2020 halving has occured.

61% thinks that Bitcoin will experience a front run up to the halving event, and will continue in an upwards trend after.

26% doesn't see much movement on BTC's price before the 2020 halving event, but does expect Bitcoin to rally right after.

10% seems to think the event will already be priced in, and 3% believes the 2020 halving event is just a big 'fizzer'.

Although 61% is hoping for Bitcoin to rally towards the 2020 halving event, and continue that upwards trend after, Plan B, points out that this actually has never occured in the history of Bitcoin. Of course, that doesn't mean it won't happen this time around.

As reported before, Plan B, is one of the many analysts who are now convinced that the increased scarcity of BTC after the 2020 halving, will once again spark yet another parabolic rally.

At the end of March, the crypto analyst shared his prediction model that indicates Bitcoin will hit $55,000 due to Bitcoin's coming halving in 2020.

What do you think? Will the 2020 halving event boost BTC all the way up to $55,000? Let us know in the poll below.

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Read more about: Bitcoin (BTC)

Poll

Can BTC hit $55,000 after the halving in 2020?

(212 votes)

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