What Happened After the 2020 Halving?

Halving 2020 Date
The Bitcoin 2020 Halving took place on May 11, 2020.
What Happened Before the 2020 Halving?
The Bitcoin price hit a low of $3,858.00 USD
on March 12, 2020.
In the next two months before the halving, the price would nearly triple and hit $10,000 USD on May 6, 2020, which was 5 days before the halving.
In the chart below, the black vertical line is the day the 2020 halving took place:

What Happened After the 2020 Halving?
Usually, the Bitcoin price goes up shortly after halvings.
And that's exactly what happened in 2020
after the halving.
By the end of July 2020, Bitcoin's price came roaring back from its 2020 low of $3,858.00 USD and hit more than $12,100 USD in late July 2020.
By the end of 2020, Bitcoin went on to hit more than $30,000 USD per bitcoin and hit nearly $42,000 per bitcoin by January 2021.

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Crypto market in 'extreme greed,' needs deleveraging before $100K BTC
15:57 • 12 Nov
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BTCUSDT
Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of an incoming deleveraging ahead of the next leg up.
Crypto investor sentiment has risen to 80, or
"extreme greed" on Nov. 12, a day after Bitcoin
BTCUSD
price surpassed the $85,000 record
high on Nov. 11, according to data from the Crypto Fear & Greed Index from alternative.

The last time the index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction in the following three weeks, from over $69,135 to its bottom above $56,500 on May1

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BTC Critical Levels to Watch for Bitcoin's Next) Moves
Bitcoin's recent surge has brought it to a crucial test. The $80,000 level is now a key support zone, thanks to its alignment with the Fibonacci 1.618 level.
This is the critical price point for Bitcoin to maintain if it wants to keep pushing higher. A break below this could signal a pullback.

Looking at the broader weekly chart, Bitcoin has consistently trended upward since early 2023, and the latest surge has brought it to the middle line of this long-term upward channel.

The $81,700 resistance level is key: if Bitcoin can break through it, the next target is $85,750, with $105,000 in sight for the long-term. On the downside, if Bitcoin faces selling pressure around the middle line, the immediate support is $78,800, followed by $73,500.

As the market absorbs Trump's policy promises and the Fed's actions, the next few weeks will reveal whether Bitcoin can continue this upward momentum or face a potential correction.

$BTC Is This The Last Week Bitcoin
(BTC) Will Ever Be Below
$70K
20:40 • 2 Nov
The US presidential elections are just around the corner, with the world's largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump.
While the economic consequences will impact millions and millions of people, the crypto community is anticipating how it will affect bitcoin and altcoins.Never Below $70K Again
The popular crypto trader EllioTrades showcased a compelling chart earlier today. It indicates that the election week on all three previous occasions in the US during BTC's existence actually marked a low for the asset that was never repeated again.
Meaning, that its valuation has never gone below that level since the last week before the 2012, 2016, and 2020 elections.

The chart shows that bitcoin traded at around $12 in 2012, $720 in 2016, and $14,900 in 2020.
The first two price tags seem unthinkable at the moment, but BTC actually went close to the last one during the 2022 bear market. Nevertheless, it bounced off at over $16,000 and has never looked back.
As such, if history is to repeat itself, the primary cryptocurrency might never go below $70,000 again. Recall that it jumped to $73,600 earlier this week, which was0.1% awayfrom a new all-time high, but failed there and has lost roughly four grand to its current price tag of $69,500.Who Is Better for BTC?
There's no obvious answer to this question, even though Donald Trump might have the lead. After all, his current stance is quite bullish as he uses BTC to pay for burgers, promised to let mining thrive in the States, vowed to fire SEC chair Gary Gensler, celebratedthe 16th birthday of the white paper, and has evenlaunchedhis own crypto project.

Bitcoin Short Positions Face
Serious Risk Above $68,500 - Details
Bitcoin has experienced a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and upward momentum, the market has cooled off, and BTC is currently consolidating below the critical $70,000 level. This consolidation phase is crucial as traders assess the next potential move for Bitcoin.
Analyst Ali Martinez has shared significant data from Binance, highlighting the high risk for short positions at the $68,500 mark. When such risk levels are present, the price often seeks liquidity, which suggests that it may gravitate toward supply zones. This behavior indicates that the market is potentially targeting areas where sellers may be positioned, which could lead to further fluctuations in price.
This scenario sets the stage for a bullish outlook, as overleveraged short positions suggest that Bitcoin could find liquidity at supply levels. This could trigger a cascade of buying pressure.
When the price breaks above the key $69,000 mark, it could lead to a wave of Fear of Missing Out (FOMO) among traders and investors watching from the sidelines.
The liquidation of these short positions could propel Bitcoin's price higher, strengthening the bullish narrative. Market participants closely monitor this critical threshold, as a decisive break above $69,000 could ignite a surge toward previously untested highs.
Maintaining awareness of both market dynamics and key price levels is essential for traders looking to navigate the volatility. The next few days could prove crucial as Bitcoin approaches this significant moment, and how it reacts to these overleveraged positions may determine its trajectory in the coming weeks.

Crypto Rally Foiled by Report of DOJ Probe of Tether
21:24 • 25 Oct
BTCUSD
• XAUTUSD
Cryptocurrency prices have reversed early gains and are broadly lower during U.S. afternoon hours on Friday following a Wall Street Journal report that the U.S. is probing stablecoin issuer Tether for violations of sanctions and anti-money laundering rules.
Stablecoins are a type of cryptocurrency whose value is pegged to another asset, typically the U.S. dollar. With a market cap in excess of $120 billion, tether {{USDT}} is by far the most widely used stablecoin.
Earlier in the session, crypto prices had been on the rise, with bitcoin {{BTC}} nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk
20 Index was lower by 2.3% over the same time

$200 Million Solana Longs in
Danger as SOL Nears
Overbought Zone

Solana's price recently breached the $161 barrier for the first time in over two months, signaling a strong bullish momentum. The altcoin's price surge attracted attention from traders, but despite the optimism, there are growing concerns about a potential bearish reversal.
Heavy sell pressure is building, which could threaten the bullish momentum that propelled SOL past key resistance levels.

Solana Traders Are at Risk

Currently, the liquidation map shows that Solana traders are leaning bullish, with a higher number of long contracts compared to short positions.
While this reflects confidence in Solana's upward trajectory, it also poses a significant risk if the market turns. If Solana's price corrects and drops to the $161 support level, more than $200 million in long contracts could be liquidated. This heavy liquidation would impact market sentiment and potentially trigger more selling, exacerbating the price decline.
The presence of more long contracts means traders are betting on the continuation of the bullish trend. However, this creates a
vulnerability. A sudden price drop could trigger a cascade of liquidations, amplifying the downward movement. If the sell-off gains momentum, traders may scramble to close their positions, further weakening Solana's price.

3 signs Bitcoin's 'parabolic phase' with a $250K target is about to begin
14:00 • 20 Oct
# BTCUSD
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Bitcoin's
BTCUSD price has climbed 55% so
far in 2024, including 12.50% gains in October. Its recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings.

Fundamentally, Bitcoin appears well-positioned to enter a bull run cycle for the remainder of 2024 and beyond. Meanwhile, certain technical and onchain indicators suggest a similar upside outlook.
Bitcoin price will hit $100K in 2025, fractal suggests
The first signs of Bitcoin entering a new bull cycle come from its two-month logarithmic chart, which independent market analyst Coosh Alemzadeh shared on X.
The chart marks Bitcoin's historical bullish phases, such as the 60x increase from around 2011, a 20x increase in 2017, and a 6x increase during the 2020-2021 bull run.
These phases follow a pattern in which Bitcoin's price first consolidates before a big, almost vertical rally occurs.

Bitcoin Price Fails At MA-200, Is A Crash To $52,000
Coming?
09:30 • 10 Oct
BTCUSD
Following its brief stint above $66,000, the Bitcoin price fall had put it below multiple important levels. This allowed the bears to thrive as they reclaimed control of the largest cryptocurrency by market cap once again. Even now, as the Bitcoin price looks toward some recovery, the bear camp continue to wax stronger, with a most recent failure to break the MA-200, suggesting that the uptrend may only be temporary and a larger crash could be at play.

The main resistance levels presented by the crypto analyst are $62,745 and $64,955. This means that this are the levels the Bitcoin price
must successfully scale in order to confirm the uptrend. In comparison, RLinda puts support levels at $60,000, $59,250, and $57,700. If the BTC price is unable to sustain these levels, then the dip could be deeper than expected, possibly crashing as low as $52,000.

Over $5 million in crypto stolen from Coinbase users in alleged recent social engineering scheme:

ZachXBT
19:22 • 7 Oct
• TRUSD
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USDTUSD
Blockchain sleuth ZachXBT said Monday that he has helped recover about $275,000 worth of cryptocurrencies for a Coinbase customer who was a victim of a social engineering scheme.
While investigating this fraud, the pseudonymous crypto-security expert said he found evidence of $5 million in additional stolen bitcoin and ether tokens related to the same alleged scam.
"In April 2024 an elderly victim from the US was targeted by Indian call scammers posing as Coinbase support resulting in a large portion of their life savings stolen," ZachXBT wrote on X.
It is not yet clear how the stolen funds were frozen. Reportedly, the elderly victim held funds on a Ledger hardware device and was convinced to move them after scammers said their exchange account was compromised.

#WeAreAllSatoshi
Are you

$BTC
CZ is free. Bitcoin bull run starts Monday":
Satoshi to Pippen
Over the weekend, the former NBA player, who is now into crypto, tweeted that Satoshi again came to him in a dream to say, "bull run starts Monday" because "CZ is free."

Basketball legend and former NBA player Scottie Pippen has commented on the current state of things on the cryptocurrency market, saying that he believes "Uptober" will play out after all.
This tweet comes after several Pippen's X posts, where he claimed that the mysterious Bitcoin creator Satoshi Nakamoto "talked to him" in his sleep about BTC's future price performance.
Bullish. Bitcoin. Uptober: Scottie Pippen
Pippen shared a chart that shows the Bitcoin price breaking out in October, which came soon after a BTC halving - in 2016 and 2021 (the halving was in 2020). As for this year, 2024's October so far shows Bitcoin's efforts to be breaking out despite certain bearish drivers.
Pippen stated that he is believes that history will repeat itself and remains bullish on Bitcoin. He added: "We've been here before. Don't panic.
We're in Uptober. #Bitcoin."
I'm BULLish about history repeating itself. We've been here before. Don't panic. We're in UPtober.
#Bitcoin (Not financial advice) pic.twitter.com/
NYe8MwchPq-Scottie Pippen (@ScottiePippen)
October 2, 2024

$SOL FTX Still Has $1 Billion Solana
Tokens to Sell
12:50 • 13 Sep
= SOLUSD
As FTX unwinds its vast Solana
5 SOLUSD
holdings, reports suggest the bankrupt exchange still has over $1 billion worth of tokens to offload.
This significant number of tokens could pressure
Solana's market valuation, as on-chain data points to declining interest.
Solana Selling Pressure Could Spike as FTX
Moves Tokens
According to blockchain analytics firm LookOnChain, FTX and its sister company, Alameda Research, have already unstaked significant portions of their Solana tokens. In the past three months, they unstaked 530,000 SOL, worth approximately $71,000, with monthly averages reaching 176,700 SOL, or $23.5 million.
Despite these transactions, 7.06 million SOL, valued at $945.7 million, remains staked.

$BTC Mike Novogratz's Galaxy Digital Sells $89 Million in Bitcoin, Community Stunned
23:00 • 7 Sep
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Smart Whale tracker Lookonchain has reported that a short while ago, Galaxy Digital transferred a hefty amount of Bitcoin to the Coinbase Prime exchange.
This investment fund focused on cryptocurrencies is spearheaded by the renowned Bitcoin bull and former Goldman Sachs partner Mike Novogratz.
Those were four massive transfers that carried a total of 1,652 BTC worth $89,928,189.
Galaxy Digital deposited 1,458 $BTC ($78.5M) to #CoinbasePrime 8 hours ago. pic.twitter.com/
yOG1jcXJtv- Lookonchain (@lookonchain)
September 7, 2024

$BTC "never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.

Bitcoin's Path to $130,000?
Analyst Sees 'Massive' Bullish
Signs After Short-Term Holders Offload $36 Billion
05:21 • 6 Sep
BTCUSDT
The price of the flagship cryptocurrency Bitcoin
BTCUSDT
has been steadily falling over the
last few days after hitting a $64,000 high late last month. It's now trading at $56,00 but, according to one popular analyst, it could soon surge to surpass the $130,000 mark.
According to a post published by cryptocurrency analyst MetaShackle on TradingView, the flagship cryptocurrency's chart is forming an "absolutely massive" cup and handle pattern that could lead to a massive price rise.
Per the analyst's post, there has "never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world."

Source: Trading View
A cup and handle pattern occurs when the price of a security trends downward and recovers to form a "u" shape, before seeing another slight downward drift that forms the handle. It's widely considered a bullish signal.
As CryptoGlobe reported since the middle of August a specific cohort of Bitcoin investors, those holdings onto the cryptocurrency for shorter periods of tie, have offloaded 642,366 BTC, worth more than $36.65 billion, onto the market.
According to data from cryptocurrency analytics firm Glassnode shared by popular analyst Ali Martinez, the amount of Bitcoin held by short-term holders has been decreasing steadily over time, and recently saw a significant downturn.
Per the analyst, when this holder cohort buys Bitcoin the price of the cryptocurrency tends to rise, but it also tends to drop when these holders sell.

Large Bitcoin investors are accumulating more assets despite recent volatility, which could reduce supply and positively impact the price.
4 Analysts predict a strong future rally for
BTC, with potential targets between $85,000 and $120,000.

Bitcoin has shown quite a wobbly performance over the past three months, with its price ranging from $50,000 to $71,000. Currently, it trades at around $57,000 (per CoinGecko's data), representing a 20% decline on a 90-day scale.
According to IntoTheBlock, though, large investors have been unfazed by the enhanced volatility, accumulating more assets during that period. The platform estimated that market participants holding between 100 BTC and 1,000 BTC have been on a buying spree and now own 20.3% of Bitcoin's circulating supply or more than
4 million assets. The stash is worth more than $230 billion calculated at current rates.
Several days ago, crypto analytics platform Santimentrevealedthat the number of Bitcoin
wallets holding 100 BTC or more has reached 16,120, or a 17-month high. The entity explained that the rise in whale holdings was due to smaller traders "impatiently" selling off their assets to larger players during the recent price declines.

The rising number of large BTC investors could positively impact the price of the asset. After all, accumulating huge amounts of Bitcoin leads to a reduction in the available supply on the market.
Fundamental principles of economics dictate that this could be a precursor of a rally assuming demand stays the same or rises.
Whale activities are monitored closely by other market participants. If large investors have activated the accumulation mode on, it can give the impression that they expect the price to rise in the future, which may motivate other investors to jump on the bandwagon, hence inject fresh capital.BTC Price Predictions
The asset has been the subject of numerous predictions lately, with some analysts envisioning a bright future.

Whales are back, buying 450 BTC per day every minute all day long since the dip on the 28th Aug.

As crypto prices have let retail traders down, Bitcoin whales are growing in number.

Bitcoin Whale Wallets Reach 17-Month High As Prices Drop

The number of Bitcoin wallets holding 100 BTC or more has surged to a 17-month high amidst declining cryptocurrency prices
According to data from blockchain analytics firm Santiment, over 283 wallets surpassed the 100 Bitcoin threshold in August alone.

The increase brings the total number of such wallets to 16,120, the highest level since early 2023.
"As crypto prices have let retail traders down, Bitcoin whales are growing in number. A net gain of +283 wallets holding at least 100 BTC has emerged in just one month,"
The accumulation trend extends beyond just the largest holders.

Sentiment’s data estimates that these wallets, which range between 10 and 10,000 Bitcoins, have collectively accumulated over 133,000 BTC in the last 30 days, valued at more than $7.6 billion.
Theuptick in whale activity is occurring as Bitcoin's price has seen a significant drop.

Adam Back, CEO of Blockstream and the inventor of Hashcash, noted that since Bitcoin's price fell from over $62,000 to around $58,000 on August 28, whales have been on a buying spree.
"Whales are back, buying 450 BTC per day every minute all day long since the dip on the 28th, same as Bitcoin mined per day. Go ahead, sell them cheap

Buy Asia, sell the U.S.

Those thinking there's a familiarity to this lame price action are not imagining things. "Asia bids, America dumps," wrote Miles Deutscher earlier on Friday. The cumulative return for bitcoin during Asia trading hours over the past two weeks has been more than 5%, according to Deutscher, while the crypto has posted a negative return during U.S. hours.
"Like clockwork," he added minutes ago as bitcoin once again sold off in the U.S. morning.

Currently at $58,200, bitcoin is down just shy of 4.4% over the past 24 hours, outperforming the broader market gauge CoinDesk 20 Index's 5.6% decline. Ether {ETH}}, Chainlink (LINK) and Cardana {{ADA}} are among the index constituents dropping more than bitcoin. Having the worst session is Solana {{SOL}} with a 9% decline.
A bit more than 24 hours from the close of August, bitcoin has tumbled more than 12% for the month, more than reversing what had been a strong July. Ether is now lower by 25% for August, narrowing its year-to-date gain to just 7%. Solana is also off 25% for August and posting a 31% year-to-date advance.

Mt. Gox and US gov't could introduce $14b Bitcoin selling pressure
13:39 • 30 Aug
BTCUSD
$
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Bitcoin's sluggish momentum could carry over into September, as Mt. Gox and the United States Government could introduce nearly $15 billion worth of additional selling pressure.
Over $14.8 billion worth of Bitcoin
฿
BTCUSD
could soon flood the market and put more downward pressure on price.
The US government holds over 203,000 Bitcoin worth $12.1 billion, while defunct crypto exchange Mt. Gox is set to distribute another 46,000 Bitcoin worth over $2.7 billion.
Mt. Gox is set to distribute the $2.7 billion before the end of 2024 on Kraken, but the repayments are unlikely to cause a significant market impact, according to an Aug. 29 report by crypto analytics provider Kaiko:
"Kraken has handled BTC ETF flows with just a minor increase in slippage at the US market close. Its liquidity profile suggests that any additional selling pressure from the Mt. Gox repayments is unlikely to cause structural issues that could affect the broader market."
Mt. Gox creditors have been waiting to receive over $9.4 billion worth of Bitcoin for the past 10 years, which has since appreciated over 8,500% in value, meaning that numerous investors will likely look to sell.
Mt. Gox creditors have not sold during the last major $4b distribution
Despite Bitcoin's significant price appreciation, Mt. Gox creditors have not been selling.
Mt. Gox creditors received nearly $4 billion worth of BTC at the end of July, marking 41.5% of the payments owed to users.