Peter Leeds explains a huge upcoming event for Bitcoin (BTC)!
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In May 2020, Bitcoin (BTC) will undergo the cryptocurrency’s third “halving.”
In two previous halving events, BTC traded higher as there was a diminished supply.
This is a widely-known and “assumed to be positive for Bitcoin prices” event.
It also has a relatively set date in May, 2020.
Thus, that combination will likely be setting up a big “buy the rumor, sell the fact” event.
Leading into the actual date of the halving, BTC prices will likely be trending higher.
HOWEVER, once the event plays out, there will likely (in the opinion of Peter Leeds) a decline in Bitcoin prices fo several weeks thereafter.
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