086: Three Main Reasons Why Bitcoin is Setting Up For a New Bull Rally | BTC News Today

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - December 20, 2019 14:47 - 12 minutes - 6.11 MB - ★★★★ - 537 ratings
Technology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 085: Here’s How Bitcoin Could Hit $20,000 By as Early as March | BTC Stuns Bears Soaring $800

Next Episode: 087: BITCOIN PREDICTION: $250K in the Next 2 Years! | BTC Long-Term Trend is Positive

For complete show notes and for the full premium experience with video, visit our YouTube channel at CryptoNewsAlerts.net

There is nothing like a good BTC halving to send the Bitcoin price to the moon again. It has happened twice before and there is nothing indicating that history will not rhyme again. With just 146 days to go now the FOMO should start to build soon, more so as we enter 2020. As the block reward and inflation rate gets halved, the stock to flow doubles which is very important to investors in terms of relative scarcity and demand.

There is no end of charts and Bitcoin predictions out there for BTC price next year and most signal a larger run after the halving. The new bull market could be around the corner, all Bitcoin (BTC) has to do is stay above $6,500 for the rest of this year to confirm it. The week is drawing to a close with the Bitcoin price back above $7,000 which keeps it consolidating as the bulls and bears battle it out. Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.