The price should increase due to a lower market ‘supply’, as some of the miners will go out of business following a decrease in the reward for the mined block. This will increase the deficit of bitcoins in the market, while the emission limitation, included in the algorithm, should support the price of the first digital coin under challenging moments. So far, we have seen that the bitcoin is gaining support. The last such fact was a certain buyback after the collapse in the middle of March. Now, the best proof of bright prospects for the project could be a sharp growth towards $9K, and most importantly – the ability to maintain this price level after halving.
The FxPro Analyst Team