With most of us groggily heading back to work after a long weekend of celebrating America's independence, it's anybody's guess what may or may not happen in the Bitcoin markets in the week ahead. Tuesday may be a bog of indecision as we fight relentless hangovers and struggle to get back to "the daily grind". Or tomorrow may prove explosive, the Markets never seem to leave any possibility out.
According to BitcoinBlockHalf.com, we have just under 5 days until the dreaded "Bitcoin Halving" occurs. That is, the reward for successfully generating a new block will be cut in half from 25 Bitcoins to 12.5 Bitcoins per block once another ~600 new blocks are generated. The estimated date of the reward halving is July 9th, 10:50 AM Eastern time, but this will change depending on how quickly the next six hundred blocks get mined.
Sometimes it'd be wonderful (and profitable) to see the future: Where's Marty McFly and the Doc when you need them? Unfortunately, nobody knows for sure what's going to happen to the price of Bitcoin leading up to (and after) the reward halving. But to help you make an informed decision, I've generated a few prices charts and posted them below. It's interesting to note the similarities and differences between the 2-day, 5-day, and 10-day charts, showing possible trends in the coming hours and days.
Charts courtesy of http://bitcoincharts.com with my own personal additions. License info below.
2-Day Bitcoin Price Chart, 30-Minute Intervals
5-Day Bitcoin Price Chart, 1 Hour Intervals
10-Day Bitcoin Price Chart, 2 Hour Intervals
These charts (with my additions) are licensed under a
Creative Commons Attribution-ShareAlike 3.0 Unported License
Creative Commons Attribution-ShareAlike 3.0 Unported License
Please link back to me and BitcoinCharts.com if you use them. Thanks!
