will bitcoin raise 11k$?

Every 210,000 blocks mined, a programmed event called halving occurs. Usually, one block is mined by miners in 9 minutes and 20 seconds, so halving occurs every four years. Halving is a systematic reduction of remuneration for miners for the block produced. Initially, the reward for the block was 50 PTS. In 2020, miners will be able to receive only 6 BTC per block.

At the end of September, a trader under the nickname Anondran said that Bitcoin will return to the level of $10,000 in a month and a half, after which the cryptocurrency rate will slowly start an upward trend and update its historical maximum to halving in 2020.

Earlier, researchers from the investment company Grayscale noted that in previous times, bitcoin has always become more expensive after halving. The first cryptocurrency began to show growth about a year before halving, and a year after it reached peak price values. In 2013, the value of bitcoin increased by 12,000%, and in 2017-by 13,000%. However, after