According to NewsBTC, cryptocurrency analyst Nunya Bizniz recently believed that BTC could reach $ 20,000 by July 1, 2020. He pointed out that in the first two market cycles of the BTC market, cryptocurrencies have performed very well from 120 days (four months) from the halving of their respective block rewards. In the four months before the first halving in 2012, the price of BTC increased by 14% from $ 10 during the event period; in the four months before the second halving in 2016, the price of Bitcoin was actually parabolic Shape from $ 432 to $ 700. It is reported that technicians confirmed the historical trend of Bitcoin’s rebound before reducing block rewards.
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