It can happen but I do not think that it is going to happen this year especially if the halving comes in to play then the price will be down in no time. But if the halving is canceled is possible for the Bitcoin price to reach $800 this year.
$800 is just $350 from the current $450. When the bitcoin price rise, it usually double at least. This year, we also have halving.
Lol, the way you put it you make it seem we'll reach $800 next week.
In reality it's not that easy. Even the $50 difference between $450 and $500 will take us quite some time to break it. And then we still have $600 which might not even be touched this year.you are right, people think halving will bring the price increase to 800-1000.
in fact we will be hard to touch $600. we can see when we last touched $500 and that was long enough
Its just an speculation that price will be higher at the time of halving no one is sure that what will be the price of bitcoin at the time of halving.
We cant be sure if the price can be very high at halving. Its just a speculation. If We look at the history, then you will come to know that last time Halving was there, the price touched $1000 for few days.
well, all the speculations are based on some kind of facts, and unless the speculator is talking out of his ass, the speculation is reliable. so the rise in this case is only logical and you can see that if you know a little about technical analysis too.
