The Bitcoin (BTC) halving narrative remains one of the chief sources of price speculation going into 2020. Altana Digital CIO, Alistair Milne, says we’re likely to witness 5 events take place before the big day arrives.
Pre-Halving Months Will See Bitcoin Accumulation
The Bitcoin halving event is less than 150 days away, and while it has so far failed to initiate a bull market, we may see a series of additional, short-term price events arise beforehand. The end of 2019 may see chaotic trends, but as the halving nears, there may be new behaviors suggesting preparation for a rally.
Alistair Milne, a prominent Bitcoin analyst and fund CIO, believes those behaviors will spread in the coming 4-5 months.
Things I expect to happen over the next 4-5 months due to the impending Bitcoin halving:
– BTC shorts close out
– People re-accumulate…