Bitcoin Halving cycle - path to 100k
In this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by
upright line on the left)
After 2016 halving price dropped a bit, and then wen't fully parabolic.
This spring again the same event will occur, the halving.
Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation from eroding the purchasing power of the coins.
If this market is cyclical, which I'm pretty sure it is, then this chart can show us the Bitcoin's way to magical $100,000 (which could happen before 2020 ends).
Let's see if this ages well, or no :-)
upright line on the left)
After 2016 halving price dropped a bit, and then wen't fully parabolic.
This spring again the same event will occur, the halving.
Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation from eroding the purchasing power of the coins.
If this market is cyclical, which I'm pretty sure it is, then this chart can show us the Bitcoin's way to magical $100,000 (which could happen before 2020 ends).
Let's see if this ages well, or no :-)
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