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15/05/2020 · Bitcoin sells off at $9,900 after printing three consecutive winning sessions. The cryptocurrency’s latest move serves as a reminder of its price action before the “Black Thursday” crash. The fractal’s validation risks extending Bitcoin’s downside correction towards its long-term moving average. Bitcoin’s three-day winning streak came to an abrupt end on Friday as its price.
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The halving, the 50 percent reduction in block rewards on the Bitcoin network, is only two years away. Unless there is an abnormal change in hashrate, the reward for successful Bitcoin miners will drop from 12.5 to 6.25 BTC per block in May 2020. The burning question is what effect will the block reward reduction have on the price of Bitcoin (BTC)?
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