With Bitcoin Price Surging, What Do Key Trends Say About BTC Halving?

For over a month, the global crypto community has been talking about the upcoming Bitcoin halving event with great gusto. However, because of the economic slump that has affected the entire planet at the moment from the spread of the novel coronavirus, it seems as though this halving may not have as big of an impact on the premier cryptocurrency’s value when compared to previous fluctuations.

With that being said, despite many traditional assets, such as oil and stocks, slipping in value quite heavily since the beginning of March, Bitcoin (BTC) seems to be experiencing a strong wave of pre-halving bullish momentum that has helped the flagship digital asset stay above the $7,500 mark for over two weeks. Not only that, but Bitcoin secured another relative high on March 29 by climbing to around $8,900, with traders still continuing to press for a break so that the currency can secure above the all-important $8,000 threshold for good. 

However, many crypto analysts such as Micheal van…