bitcoin Bitcoin May See November Price Boost With Halving Due in Six Months - CoinDesk Posted: 31 Oct 2019 04:30 AM PDT View Bitcoin tends to pick up a strong bid six months ahead of the reward halving, according to historical data. With the halving event due in May 2020, BTC may rise above the recent high of $10,350 in November and could challenge the 2019 high of $13,880 over the next couple of months. Shorter term, a contracting triangle breakdown on the hourly chart suggests scope for a drop to $8,820 in the next 24 hours. The bear case would be invalidated if prices rise above the hourly chart resistance of $9,245. A quick move above $9,245 and a rally to the 100-day average at $9,606 shouldn't be ruled out, as the recent pullback from $10,350 lacks volume support. Bitcoin will likely put on a good show in November with a price-positive event due in six months. The number one cryptocurrency by market value is leaving Octo...