NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Can Block Reward Halving Save Bitcoin From Another Bear Market?

Martin Young
Martin Young
5 years ago
2 mins read
bitcoin mining

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The pressure appears to be mounting again for Bitcoin. A couple of months ago they were saying ‘you’ll never get another opportunity to buy four figure BTC’, and today it is looking like dumping back to $6,000. All hopes are now pinned on the halving seven months away, but can it really prevent another bear market?

Bitcoin Breaks Lower Again

In the short term, BTC is looking bearish. Failure again to break resistance above $8,400 has resulted in another fall as BTC plunged to $8,100 a few hours ago. According to Tradingview.com it recovered slightly to trade at $8,150, just below previous support levels.

bitcoin
BTC price 1 hour chart – Tradingview.com

The patterns emerging on the hourly and daily charts are all bearish in the short term. A death cross is imminent on the daily chart with the 50 day MA poised to drop below the 200 day. The last time this happened was in March 2018 which led to a year-long bear market.

As reported earlier by NewsBTC a four month descending triangle has broken down into a bear flag which is all singing the same tune. A return to $6,000 is looking more likely than a rally back to five figures at the moment.

Halving To The Rescue?

The next major bullish event for Bitcoin is the block halving in May 2020. Historically there have been significant rallies leading up to these events. This was certainly the case for little brother Litecoin this year which surged 380% in six months.

Trader and analyst ‘CryptoWelson’ has been pondering the semantics of the halving and how it will affect miners’ rewards.

“1,800 #Bitcoin are mined per day. This equals a value of $15M sold to the market daily. In May 2020, the block reward cuts in half to 6.25 $BTC which results in $7.5M less needed to absorb miners’ BTC.”

https://twitter.com/CryptoWelson/status/1184182488199061509

As we approach the mining of the 18 millionth Bitcoin in circulation it is clear that the supply will slow down and new coins will become rarer, especially after the block halving. Additionally 85.7% of all Bitcoins have already been produced.

This leaves the current market, which is worth around $148 billion today, to be divided among all of those that want to own a bit of Bitcoin. In addition to retail investors, this group includes exchanges, custodians, institutions and even some banks.

Supply and demand dictates price and this is likely to increase next year and beyond. There is nothing else like BTC that can compete with it and institutions are clearly interested in the digital asset which has cemented itself among the traditional ones this year.

Bitcoin may have a bit of stormy weather ahead, but it has weathered those storms time and time again over its brief ten year lifespan and will continue to do so going forward.

Image from Shutterstock
Tweet123Share221ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

MoneyGram Launches Stablecoin App to Reinvent Cross-Border Finance: Is Best Wallet Better?

MoneyGram Launches Stablecoin App to Reinvent Cross-Border Finance: Is Best Wallet Better?

MoneyGram is launching its own entry into the digital custody space with an app designed to hold both traditional fiat...

Aaron Walker 6 hours ago
hyperliquid hype hypeusd

Hyperliquid Hits New All-Time High: Will Momentum Push HYPE Into a Higher Range?

Hyperliquid’s native token, HYPE, extended its rally on Thursday, jumping over 8% to trade near $58.77. The move comes after...

James Halver 6 hours ago

Ethereum potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Ethereum, la seconda criptovaluta più importante dopo Bitcoin, sta vivendo un momento decisivo. Secondo l’analista Cantonese Cat (@Cantonmeow), ETH potrebbe...

Orfeo Barone 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Zeus Network Builds The Bridge: Connecting Bitcoin And Solana Ecosystems — Here’s How

Godspower Owie 51 minutes ago
Bitcoin

Crypto Founder Says Bitcoin Price At $100,000 Is Cheap, Reveals Real Cycle Peak Value

Scott Matherson 1 hour ago
Bitcoin

Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

Godspower Owie 3 hours ago

Premium Sponsors

Press Releases

  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    5 hours ago
  • Биткойн отново на $117K след намаляване на лихвите – Отварят ли се вратите за покупки, докато Bitcoin Hyper ICO надхвърля $16,5M

    Биткойн отново на $117K след...

    6 hours ago
  • Етериум се насочва към 5 000 USD: 5...

    6 hours ago
  • Masívne pálenie tokenov pokračuje vo Wall Street Pepe

    Masívne pálenie tokenov pokračuje vo Wall Street Pepe...

    7 hours ago
  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.