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:

  • 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.

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 approximate date that we have provided is a result of the following a simple equation and is nothing more than approximation:


  • 1 BTC block is mined every 10 minutes
  • 144 blocks are mined every 24 hours (6 x 24 = 144)
  • the current block is 590,675 (August 18th, 2019)
  • 39,325 blocks left until halving (630,000 – 590,675 = 39,325)
  • 39,325 blocks / 144 blocks in a day = 273 days
  • August 18th, 2019 + 273 days = May 17th, 2020

So, what to expect after the date?

Well, a new Bitcoin bull run maight have started. Lets look into the Bitcoin price predictions for 2021.


List: Top 10 Bitcoin predictions for Bitcoin halving 2020

1. PlanB Bitcoin Price Prediction for 2021: $100,000

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.

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.

2. IHODL - Bitcoin Price Prediction 2020: $100.000

A multilingual news and analytics website, IHODL, has published a very illustrative chart regarding the Bitcoin price prediction for the 2020 halving.

IHODL Bitcoin price prediction 2020: $100,000

Source: Reddit

As it is clearly visible, their long-term prediction is also bullish as they forecast that the price of BTC could hit a new ATH of $100,000.


IHODL Bitcoin price prediction 2020: Unspecified, but could reach $100,000 in the coming years.

3. Josh Rager (Twitter) - Bitcoin Price Prediction 2020: $150.000

Josh Rager is a trader and investor with a popular Twitter profile followed by almost 60,000 followers. He has done a variety of informative charts on a long-term bitcoin price prediction based on previous halving outcomes. This is the most positive price prediction we have listed. If you dont agree, you might be interested in shorting Bitcoin. Read our guide on how to short Bitcoin on Binance.

Josh Rager’s Bitcoin price prediction 2020: $150,000

Source: Twitter

Although he believes the for the next Bitcoin cycle peak we will have to wait until July 2023, when there is a possibility that BTC will hit $150,000, he offers a moderate perspective on the period directly following the halving.


He doesn’t see BTC hitting the new ATH in 2020, which correlates with our analysis from the beginning of the article.


Josh Rager’s Bitcoin price prediction 2020: Not clearly stated but, according to the charts, until the end of 2023, the price of Bitcoin could skyrocket towards $150,000.

4. BeinCrypto - Bitcoin Price Prediction 2020: $144.000

A well-regarded cryptocurrency news outlet also predicts a bright future in the post-halving era, backed by a well-dissected TradingView chart (below).

BeinCrypto’s Bitcoin price prediction 2020: $144,000

Top 10 Bitcoin halving predictions BeinCrypto - Bitcoin Price Prediction 2020 $144.000

Source: BeinCrypto

It is visible that the have also calculated the accumulation periods, which we have already witnessed, and the 1-year “prior-to” periods. 


BeinCrypto’s Bitcoin price prediction 2020: unclear for the year, but the long-term potential is for BTC to reach $144,000 in the years following the halving.

5. PlanB (Medium) - Bitcoin Price Prediction 2020: $55.000

PlanB is a popular medium profile that has done an analysis based on stock-to-flow and halving. Tere, the author, focuses on the element of scarcity as the driving force behind the rising valuation of Bitcoin.

PlanB Bitcoin price prediction 2020: $55,000

Top 10 Bitcoin halving predictions PlanB (Medium) - Bitcoin Price Prediction 2020 $55.000

Source: Medium

The chart provided by PlanB also confirms the bullish forecast, which would like to see Bitcoin climbing towards $55,000 after the halving occurs (not necessarily 2020).

6. Hackernoon

Hackernoon also brings a similar forecast as the outlets mentioned above. However, this is a wee bit more optimistic as they claim that BTC could also see a significant rise in 2020.


Nevertheless, according to Hackernoon, the new ATH, which they predict to be around $100,000, will be reached as soon as 2021.


Hackernoon Bitcoin price prediction 2020: a rise, but an ATH of $100,000 will be reached in 2021.

Source: Hackernoon

7. NewsBTC

NewsBTC dismantles the idea that halving can affect the price of Bitcoin directly like other outlets state. Instead, they are looking at a wider perspective. In order for BTC to reach $100,000 after the halving, a lot of things have to come to pass, NewsBTC claims.


However, fueled by the dry statistics, Bitcoin’s market capitalization could reach $1 trillion, which would, in turn, push the price towards $55,00 in 2020.


NewsBTC Bitcoin price prediction 2020: $55,000

Source: NewsBTC


In their extensive article about Bitcoin, brought us a 2020 prediction along with all the reasons for forecasting the following price.


While the outlet states their belief that BTC may reach $23,500 by the end of this year, they went even more optimistic for the upcoming year. According to, BTC will start 2020 somewhere around $25,000 just to reach $33,000 at the end of the year. Bitcoin price prediction 2020: $33,000


9. Digital Asset Research Bitcoin price prediction 2020: $60,000

In their extensive research published on August 15th, Digital Asset Research reveals their logic according to which Bitcoin is able to reach $60,000 as a direct result of the upcoming halving.

Top 10 Bitcoin halving predictions Digital Asset Research

Source: Digital Asset Research Medium channel

The chart they used to back up their claim, of course, looks similar to other sources placed to explain their predictions. The only difference between the forecast published by Digital Asset Forecast is that they see BTC at the ATH much sooner than the majority of others.


Digital Asset Research Bitcoin price prediction 2020: $60,000

10. Messari Researcher Projects Bitcoin Prices At $276,000 In October 2021

Jack Purdy, a crypto researcher at digital asset market intelligence firm Messari, has made a Bitcoin price prediction. As you can see in his tweet below, he observed how bitcoin price has been perfectly following the profit returning trend in the halving years.

While BTC’s price in October 2016 was $895, it went on to log 20X gains a year later. Similar calculations made from October bitcoin prices this year would project a $276,000 price in 2021.


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.

Where to Trade Bitcoin ? Binance VS BitMEX

Binance and BitMEX are among the top Bitcoin trading sites. Binance is considered as the best overall crypto trading platform with many different features like credit card deposits, margin trading, margin lending and much more.

BitMEX is the largest and most well known platform for Bitcoin futures. Bitcoin futures are derivative products with leverage up to 100x. Remember, the more leverage the more risk you involve.

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