With the next bitcoin halving expected to happen in May 2020, the time has come for investors to start paying attention to this pattern. Historically, the halving starts getting priced in approximately one year before it happens, which would result in bitcoin bottoming out in early 2019 followed by a rally starting in May 2019.
I'm not sure why people are predicting the bottom in May, but I find it highly likely that we will see Steem price down to $0.20 again. You could see that it's still dropping down to the $0.27 range right now.
Crypto Zombie and a few other places.
What was their reasoning?
Here's an article I found.
With the next bitcoin halving expected to happen in May 2020, the time has come for investors to start paying attention to this pattern. Historically, the halving starts getting priced in approximately one year before it happens, which would result in bitcoin bottoming out in early 2019 followed by a rally starting in May 2019.
I'm not sure why people are predicting the bottom in May, but I find it highly likely that we will see Steem price down to $0.20 again. You could see that it's still dropping down to the $0.27 range right now.
Yea if history repeats (it may not), prices should start moving up around March-May time frame.