halving might not effect the Bitcoin price

In the batter of the world with the Corona virus the crypto currency is really facing lots of difficulties and they are struggling to reach back to the level of profit and make people comfortable with their investment in the crypto currencies.

The corona virus is one on the biggest problem in the current time which is really harming the economy of the whole world in many ways. The central bank and every country Govt is trying to improve their economic condition by struggling and announcing different new methods which can help their economy.

The massive selling of the bitcoin on march 20 The market was really holding back and the long term investors are looking for the better rise in the near future which will bring more quality to the bitcoin value, investors are really hopeful that this bitcoin will bring a new future to them and they will get more profit in future, As during this crisis it was not expected that the investor will really hold their assets, as bitcoin is really a volatile assets.

As in the upcoming halve will be more productive for the bitcoin as well, Because the production of the coin will be reduce and according to the law of supply and demand they price is gonna going up also.The price must have a chance to go Up as they Are going to have less supply, But there are other factors which also affect the price of the coin, It’s not always possible that the market Do in favor of what we always predict there are many other reason which can violate the market, As the bitcoin is correlating to the Stock market which is also a sign for the volatility of the coin.
Likewise the miners are also very effective on the price of the bitcoin as the miners are only putting the selling pressure on the bitcoin which effect the price of the bitcoin also,As most of the traders want to buy and sell which is not very bad for the coin but the miners are only putting pressure with there massive selling of the coin to Payment in the fait coins.