• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain

Bitcoin Will See 90% Rally to $15,000 By 2020 Halving, Model Predicts

Nick Chong by Nick Chong
3 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

Bitcoin (BTC) hasn’t been doing all too hot as of late. The cryptocurrency is down by some 45% from its year-to-date peak of $14,000, sentiment has begun to flip widely bearish once again, and investors have begun to brace for Crypto Winter 2: Electric Boogaloo, as it were.

Related Reading: Bitcoin To See 150% Rally to $20,000 Within Next 18 Months: Prominent Investor

Yet, a price model created through machine learning is predicting that Bitcoin will begin to head higher in the coming months, and will hit around $15,000 by the time of May 2020’s block reward reduction.

This may sound crazy, especially considering the harrowing sentiment being tossed about right now (just look to Twitter for sub-$3,000 predictions), yet it isn’t impossible.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Bitcoin Price to Surge Into Halving?

According to a machine learning-based price model created by Twitter user “Data Dater”, which used Facebook Prophet’s prediction modeling system, Bitcoin will soon begin its recovery.

In fact, as can be seen below, the model, which is based on analysis of Bitcoin’s stock to flow ratio multiple (S2F Multiple), shows that BTC will begin a fresh, much more mild uptrend to head into May 2020. Data Dater’s chart, in fact, implies that Bitcoin will rally by 25% to $10,000 by mid-November, hit a local peak at $11,500 by January, and then dip back down to $11,000.

Should the model play out 100% in full, Bitcoin will rally by some 90% from the current price of $8,000 to hit $15,500 by the approximate date of the halving in May 2020.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

0/ Been working on a $btc price prediction model based on Stock-to-Flow analysis, using Machine Learning. for the past few days. Here's how the prediction looks going into the halving next May.

Details will be shared later.$btcusd $xbt pic.twitter.com/5g5wA1lKYF

— (Stationary) Data Dater (@datadater) October 16, 2019

More information about the model can be found at this link (links to a Twitter thread), but the gist is that Data Dater used Bitcoin’s historical S2F Multiple metrics and fed them into a machine learning system to spit out expected price action.

Halving Won’t Catalyze Bull Run

So, what happens after the Bitcoin block reward reduction? Does this market rocket higher as cryptocurrencies seemingly did after previous halvings? Will prices crash as miners potentially capitulate?

Well, according to Jihan Wu, the co-founder of Bitcoin mining behemoth Bitmain, maybe not much. He said at a recent cryptocurrency mining summit that a Bitcoin bull run may not follow the halving next year.

His point can be backed up by a report from Strix Levithan, which found that if you delve into the nitty-gritty statistics, you can find that halvings don’t have a material and consistent effect on the markets of cryptocurrencies that have block reward reductions.

Wu’s point has come under tacit fire, however, namely by a price model pushed by the pseudonymous institutional quantitative analyst, “PlanB”. The analyst’s model, which shows that BTC’s fair valuation can be derived by looking at its inflation rate (effectively). Bitcoin’s implied fair price will be somewhere in the $50,000 to $100,000 range.

Related Reading: Libra Association Exec: Bitcoin is Digital Gold, Very Different to Libra
Featured Image from Shutterstock
Tags: bitcoinData Daterhalvingprice
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Bitcoin Proof of work

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why

4 hours ago
Bitcoin

$28.7K Could Be Next Level To Break For Bitcoin, Here’s Why

5 hours ago
FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

6 hours ago
Bitcoin

Here’s What John Lennon’s Son Thinks About Bitcoin

10 hours ago
Bitcoin FOMC

Bitcoin Price Stalls Ahead Of FOMC Meeting, How To Trade It

15 hours ago
Bitcoin

Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

5 Meme Coins Set To Moon In 2023

March 21, 2023

5 Reasons SCRIPT NETWORK Is The Best Crypto To Invest In Now

March 21, 2023

Becoming Borderless Pioneers. Bware Labs Roadmap and Commitment to Web3 Builders

March 21, 2023

New Sweeps Cash Casinos: Latest Sweepstakes Online Casinos (Crypto & Fiat Deposits)

March 21, 2023

Best Sweepstakes Online Casinos USA: Top-5 Sweeps Coins Sites

March 21, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.