As 2019 comes to an end, traders will closely analyze the events scheduled for 2020 that might boost cryptocurrency prices. One of the most talked-about and watched events would be the halving of Bitcoin miner rewards in May 2020.
While Bitcoin’s price had surged following the previous two halving events in 2012 and 2016, it is difficult to say with certainty how the crypto markets will react this time. Many analysts are also divided on their expectations about the event. However, as halving nears, we anticipate the chart patterns will provide an insight into the likely reaction to the event.