- 11 November 2012 – $12
- 7 September 2016 – $658 –
- May 2020-?
Rates of IncreaseThe rates of increase of the price from one halving to the next along with the dates of the halving are given below: As we can see, the rate of increase has been smaller each consecutive halving (The rate of increase for the third halving is based on the projected price). Using curved trendlines we can limit the scope of Bitcoins price movement since its inception. Additionally, we can see that the period prior to halving has been characterized by consolidation close to the support line. We think that the price is likely to act in a similar manner prior to the third halving. So, we believe that the Bitcoin price will be between the $7000-8000 range at the time of the third halving, this makes the price increase between the 2nd and 3rd halvings the smallest to date. Do you think Bitcoin will consolidate before halving? Afterward, will it accelerate its rate of increase? Let us know in the comments below. Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.