Since the beginning of the current year, the bitcoin price has seen some ups and downs, but overall, the price has been climbing up.
2016 is said to be the year where the bitcoin price is supposed to climb to new highs, and it seems that all is going according to predictions. Of course, these predictions are set on the premise that the bitcoin mining reward will drop to half which will greatly affect the supply of coins.
A new fast climb
Since the 12th of February the bitcoin price has been rising, and today it went past the $440 mark, hitting $443.96. This represents a significant rise of about 20% in the price. There are approximately 150 days left until the halving. These are the first signs of what will happen to the price this summer. This year will certainly be a great year for the bitcoin price while too many things are happening in the bitcoin space. The block size increase, the halving, a lot of investments being made and big companies starting to accept bitcoin are events that are bound to push the price to a new all-time high.
The halving and the Roundtable consensus
Many traders are stressing that