Bitcoin halving chart with dates. Historical price action analysis.
Bitcoin Block Reward Halving Countdown
Bitcoin halving is the event that happens every 210000 blocks that pass through the bitcoin network.
Bitcoin halving chart. Bitcoin halving chart with prices. An acceptance as a reservoir can really build a strong. One of the best ways to gauge what effect the new halving will have on price is to look at a price chart with all previous halvings demarcated.
After the halving however this reward will be cut in half to 625 btc per block. January 1 2016 through december 31 2016. Courtesy of atchartsbtc on twitter this logarithmic chart shows bitcoins price against halvings.
According to this chart by the end of 2019 we should be somewhere around 7900 mark and later when the 2020 bitcoin halving kicks in that should take bitcoin to 15000 levels and finally in between 2022 we should reach the 333000 mark per bitcoin. Btc price spiked in june at 777 usd prior to the bitcoin halving on july 9 2016. Click on image to enlarge and see entire bitcoin halving price history chart.
One caveat to consider is to know what can enhance the upward trend following the halving like it has historically in the charts in 2012 and 2016. The 2020 bitcoin halving will occur in may and will result in the reduction of the block reward that is issued to miners when each bitcoin block is successfully mined. 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.
At the moment miners receive 125 btc as a reward for each mined block.
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