LIVEHere's why #bitcoin WILL rise after the halving. It might not happen right away, but it will happen. The bull run isn't over yet.
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Currently, it costs around $40,000 USD to mine just 1 $BTC. But after the halving, when the rewards are cut in half, it will cost $80,000 to mine one bitcoin. So, many miners will likely leave. After all, there's no point mining bitcoin if it's not profitable, right?
Once around 50-60% of miners exit, things will rebalance. Those who continue mining bitcoin will likely hold onto it until the price reaches at least $80k to ensure profitability.
But typically, the price of bitcoin ends up higher than the mining cost. For instance, even though it costs $40k to mine 1 bitcoin now, the price went as high as $73k a few weeks ago.
So, based on historical patterns, we could potentially see bitcoin reaching $130k to $150k during this bull run. This prediction is based on fundamentals, not just wishful thinking.
I hope this explanation clears things up.
LIVE