Top 10 Bitcoin price prediction charts for Bitcoin halving 2020

Top 10 Bitcoin price prediction charts for Bitcoin 2021

We are summarizing the top 10 Bitcoin price prediction charts for Bitcoin 2021.

In 2020 we saw the halving of Bitcoin mining rewards, which historically have had large impact on the Bitcoin price.

Welcome to one of our most popular articles among all of our crypto price prediction lists.

 

As it is well-known, historically, the market sentiment towards Bitcoin dramatically changes after each halving. 

However, the bullish sentiment isn’t self-understood in such cases as the market sometimes reacts unexpectedly. 

Still, since the Bitcoin halving is one of the most anticipated upcoming events, we will take you on a journey to explain some history, quote the best sources, and explain the reasons for such Bitcoin price predictions. Such Bitcoin predictions can be very helpful to profit from your Bitcoin day trading.

 

In order to do that, we are going to answer and explain these questions and events:

The references are an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

  • What is Bitcoin halving?
  • Bitcoin halving 2012
  • Bitcoin halving 2016
  • Bitcoin halving 2020
  • Why does Bitcoin halving affect the price?
  • Top 10 Bitcoin prediction charts for Bitcoin 2021
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What is Bitcoin halving?

Bitcoin halving is the event that happens every 210,000 blocks that pass through the Bitcoin network. When this pre-programmed situation occurs, the rewards that BTC miners receive for mining blocks, verifying transactions and, thus, securing the network, is cut down in half. This can be viewed as Bitcoin’s answer to inflation as it’s code is programmed to reduce the influx of new coins in the market, thus making the asset more scarce.

 

Those 210,000 blocks are important because according to that number, we can estimate the date when the next halving is going to take place. The 2020 halving is going to take place at the block height 630,000, which is due to happen on May 17th, 2020.

Currently, the mining reward is set at 12,5 BTC. Therefore, analogically, the new Bitcoin block reward is going to decrease to 6,25. It has also been calculated that, following this tempo, the last BTC block reward is going to be distributed by the year 2140.

 

Since the Bitcoin genesis block was mined on January 3rd, 2009, the first halving took place in 2012, followed by the second one in 2016. So, let’s see how these events influenced the market.

Why does Bitcoin halving effect the price?

Like you could see in all these Bitcoin price predictions, one such event as the halving of the mining reward is highly affecting the price of Bitcoin.

 

Halving is nothing more than the pre-programmed inflation control mechanism designed to create more scarcity. Assets that are scarce more often than not are more valuable than those that are available in abundance.

 

Such is the case with Bitcoin. Once the mining rewards are halved, it is natural that the supply of this asset on exchanges is going to be lower. On the other hand, the interest in BTC trading and investing is projected to grow. 

Even more so because the new markets, like recently launched Bakkt BTC futures, are raising the attention of BTC as an investment. Of course, according to the laws of the market, where the supply is limited and the demand rises, the prices rise along with the demand.

 

In the end, please note that every analysis presented in this article may be thwarted by some new-found market conditions. Therefore, trade responsibly and always combine technical with fundamental analysis. Also, don´t forget to read our article about crypto trading risk management.

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Bitcoin Halving 2012 - What Happened?

The first halving of the mining reward happened on November 28th, 2012, cutting the 50 BTC per block reward to 25 BTC. Even though the market is somewhat slow to react to these events, after exactly a year and three days, the price, which started around $10, hit the new all-time-high (ATH) of  $1,000, making that a healthy 1000% increase.

 

This was the first bull run of major proportions in the history of the cryptocurrency market that foreshadowed the events caused by the second halving which is going to propel Bitcoin’s price towards the moon. Read more about the price history of Bitcoin in our article, Bitcoin price history chart.

Bitcoin Halving 2016 - What Happened?

The second halving of the Bitcoin mining reward took place on July 9th, 2016, when BTC miners started receiving 12.5 Bitcoin instead of 25 for mining a block. The events following the last halving are better known as the biggest bull run in the history of any global market.

Again, the market was lazy to react, but during the 1 year, 5 months and 9 days-long period, the price of Bitcoin climbed from roughly $1,000 towards the last ATH of $19,843. 

With that boom came the inevitable mainstream exposure for Bitcoin as it became a part of everyday financial market news outlet’s agenda. Read more about what happened after the Bitcoin halving 2016 in our our article about Bitcoin price predictions 2017 vs 2019.

In 2017, Bitcoin Cash was created as a hard from Bitcoin. See full list of Bitcoin Cash BCH price predictions.

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Bitcoin Halving 2020 - What is this?

Once the 2020 Bitcoin halving happens, as mentioned, the Bitcoin mining rewards will be reduced to 6.25 BTC per block.

The third Bitcoin halving event took place at the 11th of May in 2020.

As for all previous Bitcoin halving events, this started another bull cycle and in March 2021 we are in the middle of this bull run.

There is of course no one that can predict for how long this bull run will last but there are many different crypto trading channels on Youtube that have their predictions.

List: Top Bitcoin predictions for 2021-2025 and long-term

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  Bitcoin Price Year Source
BitBoy 306000 Late 2021 Allcoinpredictions
Coinbureau 100000 2022 Coinbureau
PlanB 288000 2022 PlanB Twitter
JPMorgan 146000 2029 Coindesk
CryptoBirb 120000 2022 Allcoinpredictions
PrevisioniBitcoin 245000 Mid 2022 PrevisionIbitcoin
APompliano 550000 2029 APompliano Twitter
Michael Saylor 500000 2029 CNBC
Max Keiser 220000 2022 Anycoindirect
Mike McGlone 170000 2023 Anycoindirect
Dan Morehead 115000 Mid 2021 Anycoindirect
Winklevoss 500000 2022 Anycoindirect
Crypto-Rating 488000 2025 Crypto-rating
DigitalCoinPrice 170000 2025 Digitalcoinprice

1. BitBoy Bitcoin Price Prediction for late 2021: $306,000

BitBoy has the most popular crypto Youtube channel.

Also, he is big on Twitter. He is doing videos on Youtube where he cover the whole crypto market.

In addition, he is doing live crypto trading with leverage on Bybit. Read more about Bybit in our Bybit review.

ByBit is doing live-stream everyday and the streaming is on for about 1,5 hours. They are a bit too long id you are asking me and he frequently lose his topic.

2. Coinbureau Bitcoin price prediction for 2021: $100.000

Coinbureau is a great Youtube channel and he is covering anything related to crypto investing.

He is very conservative in his price predictions since he is aware of that his audience include newbies.

He always explain everything very well and any crypto level can listen to this crypto guy.

Also, he doesn’t update very frequently, a couple of times every week and every video is perfect length, aroudn 20 minutes.

3. PlanB Bitcoin price prediction 2022: Up to $288.000

PlanB is a popular Bitcoin price analyst.

PlanB uses a popular bitcoin prediction model Stock-to-Flow (S2F).

With this model, the Bitcoin price will reach $100,000 by December 2021, or early 2022.

The S2F model calculates the Bitcoin expected price in 2021 by considering its decreasing supply and growing demand.

As Bitcoin is halved every four years, the supply is gradually diminishing and inflation is rising. In theory, this could boost the demand for Bitcoin and cause a drastic surge in the BTC price.

After the first halving, the Bitcoin price went roughly from $10 to $1.100. After the second halving in July 2016, the Bitcoin price went from $600 to $20.000. If the pattern repeats, Bitcoin can reach from $100,000 to $288,000 by December 2021.

4. JPMorgan - Bitcoin Price Prediction Long-term: $149.000

JPMorgain have not set a specific date on their Bitcoin price prediction and analysis. However, they say that Bitcoin can reach $149.000 when they compare Bitcoin to gold. A Bitcoin price of $149.00 would correspond to the total market value of gold.

5. CryptoBirb - Bitcoin Price Prediction 2022: $120.000

CryptoBirb is a crypto technical analyst with his popular twitter account CryptoBirb.

Also, he is founder and CEO of the crypto trading academy, Thebirbnest.

6. PrevisionIBitcoin- Bitcoin Price Prediction Mid 2022: $245.000

Previsionibitcoin is an Italian site doing crypto price predictions based on data collected from many different crypto forecast websites.

7. APompliano

Anthony Pompliano co-founded Morgan Creek Digital which is a hedge fund specializes in blockchain technology and digital assets.

He also writes daily newsletters to institutional investors which provide a personal analysis of the daily news in the crypto industry, and he is the host of the podcast, Off the Chain.

8. Michael Saylor Bitcoin long-term price prediction: $1.000.000

Michael Saylor is the CEO of Microstrategy which was one of the first public companies investing in Bitcoin. He has also learned other American companies how to put Bitcoin on their balance sheet, probably including Tesla.

Michael Saylor is extremely bullish on Bitcoin and in a very long-term he thinks it could go beyond $1.000.000. We have even seen Youtube interviews where he makes fast calculations on a Bitcoin price of $15.000.000.

 

Bitcoin Price Predictions VS Ethereum 2.0 Price Prediction

Bitcoin and Ethereum have for a long time been number one and two on the crypto market cap list. In this article, we have handled Bitcoin predictions after the halving event which is a great event and network update for the Bitcoin network.

However, Ethereum 2.0 will impact the Ethereum network even more. For example, Ethereum will go from being able to handle 14 transactions per seconds to be able to handle 100.000 transactions per second. Read more about what the Ethereum 2.0 upgrade is and see a list of the best Ethereum 2.0 price predictions and fundamental analysis.

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The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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