Dow Jones Futures Lose 800 Points, Warning of 25% Crash Remains in the Cards

Coinspeaker Dow Jones Futures Lose 800 Points, Warning of 25% Crash Remains in the CardsDow Jones Industrial Average (DJIA) plunged 800 points in the wake of Monday morning during the early trading hours in the European session. The sudden free-fall of the U.S. stocks is attributed to the increase in coronavirus outbreak alias COVID-19 cases outside mainland China.As the coronavirus outbreak-heat start being felt by stock markets, Cebile Capital analyst, Sunaina Sinha Haldea, thinks it is just the beginning of a huge free fall of about 20-25% awaiting the stocks market.The coronavirus has started looking more dangerous than it initially posed after Xi Jinping said that Covid-19 has not yet been contained and the government has not responded to the threat as its potentiality dictates. Italy as of Monday morning recorded confirmed cases of COVID-19 up to 152, leading to a total lock-down of about 50,000 people in the northern region around Milan.South Korea is another country that has recorded a high number of confirmed cases at the time of reporting, with a total number of 600 victims. Without any international health body coming forward with a solution to the world demographic threat, the investors continue falling into the trap of paranoia, which has resulted in the free fall in the US stock market.Other major stock markets that were affected include the S&P 500 futures and also Nasdaq composite Futures that saw a 2.56% and 3% drop respectively.Effect of Coronavirus on Dow Jones Futures PointsDow Jones started the week on a negative pace, however, the drop was a continuation of a new trend that is forming on the Dow Jones points level. Since China was hit by the deadly virus, COVID-19, fears have dominated in the investors’ mind making the stock market lose an upward pace.However, the stocks free fall did not start looking serious until last weekend when cases of confirmed coronavirus revamped outside China. The market has experienced a strong resistance zone at the level of 29,500, after respecting a head-and-shoulders pattern on the higher time frames.With the points level having broken below the support level at 29,000, and the coronavirus continue pushing the health sector at a corner, the Dow Jones futures will continue bleeding out.According to the Bank of America, any drop below 1.4% would a tipping point for recession potential. As the coronavirus continues ravaging mankind, the global economy risk hitting trillion in losses. However, the safe haven industry like precious metals and crypto industry might be the biggest beneficiaries as their demand continues rising fast.Dow Jones Futures Lose 800 Points, Warning of 25% Crash Remains in the Cards

XRP Market Performance: XRP Price Is Going Down but It May Start Increasing Again Soon

Coinspeaker XRP Market Performance: XRP Price Is Going Down but It May Start Increasing Again SoonRipple’s XRP has enjoyed a good reception in the market and the price has been recovering slowly after the 2017-2018 depreciation. That’s why the XRP market performance is widely discussed these days. The XRP price has been stabilizing, breaking the downward trend and also starting to form an upward movement.This has been attributed to the increase in crypto whale’s speculations and crypto accumulation creating an imbalance in demand and supply. Since Ripple locked a huge balance of XRP in an escrow account, and more financial institutions plus crypto exchanges accepting to use XRP as a source of liquidity, public confidence in the digital asset has been gaining ground in a fast pace.What to Know about XRP Market PerformanceRipple’s CEO Brad Garlinghouse recently said in an interview with CNN anchor Julia Chatterley that there is a space for all crypto assets in the more than Amazon‘s market to individually succeed. It did not take long after, Ripple announced that it plans to build a bridge to Ethereum which will see them spearhead the agenda of cryptocurrencies and blockchain technology.This is expected to reciprocate in the XRP market price gaining more investors who will, in turn, see the market capitalization shot up. XRP is proving worth noting based on that it is among the top 5 rated crypto assets in terms of trade volume and market capitalization but the only one trading below a dollar.This leaves the begging question, why? However, if you look closer, XRP is dubbed as a future promising asset. This is because its mother company has held a larger portion of the coins in an escrow account, and planning to release them monthly based on the market performance and customers’ welfare. Also, the company has been collaborating with other established financial institutions in the world like MoneyGram to help it gain traction on the ground. Then according to analysts’ theory of crazy trading, with the increase in market valuation and daily trade volume, time is coming when the digital asset will be a rare crypto-asset more the same as Bitcoin is currently. This is supported by Garlinghouse’s comments that no one crypto asset will dominate the market since all solve a different market need to the customers.Technical Analysis of XRP PriceXRP has been trading between $0.26-0.35 in the past few weeks. Since the beginning of the year, XRP has gained in price value, market capitalization and also the 24-hour trade volume. However, the XRP market price together with that of Bitcoin and other altcoins has been decreasing until the market closed last week.However, most have stabilized as of the weekend and Monday market opens. At the time of writing this report, XRP was trading at $0.27 having hit a strong support zone on the higher and middle time frames at $0.26. On the other hand, the market capitalization stood at $11.99 billion having fallen from $15 billion in the past three weeks. The daily volume to have been decreasing slowly down as a result.XRP Market Performance: XRP Price Is Going Down but It May Start Increasing Again Soon

Tesla (TSLA) Stock Price May Be Affected, China’s Auto Sales Are Down Due to Coronavirus

Coinspeaker Tesla (TSLA) Stock Price May Be Affected, China’s Auto Sales Are Down Due to CoronavirusThe coronavirus outbreak has massively impacted China’s automobile industry as manufacturing has taken a backseat. Wuhan city also called the Detroit of China, has been at the heart of this virus epidemic. But will coronavirus seriously affect such giants as Tesla Inc. (NASDAQ: TSLA)?China is one of the largest automobile consuming markets in the world. Besides, many global players have their manufacturing units established in China due to the country’s economic incentives. However, the virus outbreak has massively impacted the country’s already slowing car industry and things turn topsy turvy.Just in the first two weeks of February 2020, the car sales in China have dried up by a whopping 92%, reports Bloomberg. Also, in the first week itself, the nationwide car sales plunged over 96% to an average daily of 811 units as per the report by the China Passenger Car Association. This was the time when the majority of the car dealers had to shut down their showrooms due to the mounting fears of virus spread.“There was barely anybody at car dealers in the first week of February as most people stayed at home,” said PCA Secretary General Cui Dongshu.However, Cui also added that things have started to gradually improve from the second week. Furthermore, they could be even better by the end of this month. Moreover, China’s commerce ministry has ensured a talk with the government to stabilize the auto sales. It will also work on introducing some cognitive measures to reduce the impact of this epidemic on the automobile demand.What Does Coronavirus Mean for Tesla and TSLA Stock?American electric car maker Tesla has been having a wild run on Wall Street since the start of 2020. With strong Q4 2019 results, Tesla has emerged as the darling of investors in no time.The Tesla (TSLA) stock has surged over 100% year-to-date making it the second-largest global automobile company after Toyota. On Friday’s closing, amid coronavirus Tesla (TSLA) stock was trading at a price of $901 per share with market valuations of $165 billion. At the press time, at the pre-market, TSLA is $864, which indicates a 4% drop.On the contrary, Tesla has been looking to expand its manufacturing prowess across the globe. During the start of 2020, Tesla started production at its Shanghai gigafactory. Moreover, with strong Q2 2019 numbers, the company also projected 500,000 thousand vehicle deliveries across all Tesla models in 2020.Tesla’s CEO Elon Musk has been betting heavily on Shanghai’s manufacturing facility to meet this milestone. Speaking of the company’s plans, he said:“We need to bring the Shanghai factory online. I think that’s the biggest variable for getting to 500,000-plus a year. Our car is just very expensive going into China. We’ve got import duties, we’ve got transport costs, we’ve got higher costs of labor here”.However, with the coronavirus outbreak, even Tesla had to shut down production at its Shanghai factory earlier this month. The good thing is that the Shanghai municipal government has extended its cooperation and assured to bring things back to normal.But the current scenario doesn’t look promising with the rising cases of coronavirus in and outside China. If things continue the same way, there is a possible likelihood that Tesla couldn’t attain its desired outcome by the year-end. This could also negatively impact the stock price going further.Moreover, Europe is facing a similar situation with the rising cased in coronavirus. This could also but breaks to Tesla’s plan of expanding in Europe after the latest $2.31 billion stock offering.Tesla (TSLA) Stock Price May Be Affected, China’s Auto Sales Are Down Due to Coronavirus

Apple (AAPL) Stock Down More Than 2% as Coronavirus Threatens Tech Bear Market

Coinspeaker Apple (AAPL) Stock Down More Than 2% as Coronavirus Threatens Tech Bear MarketSeveral companies and stocks in general, are still feeling the unpalatable effects of the coronavirus outbreak. Because of several restrictions placed by Chinese authorities as well as other governments, these businesses are taking a hit. The decline inevitably means that their stocks are also suffering. Apple Inc. (NASDAQ: AAPL) stock has felt this decline firsthand and began to lose some weight on Friday amid coronavirus fears.Apple (AAPL) Stock Falls On Friday, at first, AAPL plunged almost 1%, to trade at $316. This was a response to Apple considering allowing iPhone users access to rival apps as default for browser and mail functions. AAPL eventually closed at $313.05 after dropping 2.26%.Sadly, AAPL has dropped further. Current market figures show that the stock has lost more than 4% in premarket value and is trading at $299. Even though there might not yet be any cause for alarm, Apple (AAPL) stock has lost almost 4% in the last 5 days. Market analysts suggest that this might not be the end of Apple stock woes, because of the coronavirus.Last week, Apple said because of the coronavirus, it will fall short of its predicted revenue for the quarter. The company said at the time that manufacturing is “temporarily constrained” and even those who have resumed are moving a lot slower. Apple also said most stores have closed and so sales are suffering.Other Tech Stock Might Join the Apple (AAPL) PlungeApple stock might not be the only issue. Popular investor Paul Meeks has piled on the bad news. In a conversation with CNBC’s Trading Nation, Meeks said that tech stocks could take a serious hit. Firstly, Meeks believes that Apple stock is overvalued. Secondly, he sees a possible 20% AAPL stock plunge because of the coronavirus. The investor believes that the tech market should be robust, if not for the virus.“There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to take some of these stocks down.”General MarketsStock markets, in general, are also shaky. For example, the Nasdaq 100 futures dropped 1.7% with both the Dow Jones futures and S&P 500 futures losing 1.3% respectively. The drop is also visible in the price of crude as that is also losing some weight. The gainer here, unsurprisingly, is gold.Apple Is Loosening UpIn addition to allowing iPhone users some access to rival apps, Apple is also reportedly considering making changes to its HomePod. Apple’s HomePod wireless speaker has trailed behind other similar products like the Google Home or Amazon’s Echo. The HomePod’s price did nothing to help as it seemed ridiculous to buy it at $349, at launch, when the Echo cost $99.However, Apple wants to allow third-party music apps some access. This means that iPhone users who prefer to subscribe to Spotify, instead of Apple Music, will now have equal access to the HomePod’s features.Last year, Apple’s share of the smart speaker market was less than 5%. With a move like this, the company hopes that users will now have more reason to use the HomePod and drive up the company’s market share.Apple (AAPL) Stock Down More Than 2% as Coronavirus Threatens Tech Bear Market

Facebook (FB) Stock Goes 2% Down on Friday but It Still Looks Viable in Long Term

Coinspeaker Facebook (FB) Stock Goes 2% Down on Friday but It Still Looks Viable in Long TermFacebook Inc. (NASDAQ: FB) stock lost 2% on Friday. Some experts believe that the dip in stock price came as a result of Fakebook’s recent earnings report. However, it’s worth mentioning that there has enough time gone since the moment of publication. But at that analysts are still wondering if the stock will be able to make meaningful gains. This has led many to consider divesting from their holdings in the social media giant as they have doubts about the performance of the Facebook (FB) stock in the long term.Others, however, have taken into consideration several factors. Companies such as Amazon.com Inc (NASDAQ: AMZN) spiked in stock value at the beginning of the year. This has happened despite similar results by both companies. Investors have been bullish about AMZN stock, though now it is also falling. Facebook (FB) stock prices indicate more serious bearish tendencies. Facebook (FB) Stock Shows Strong Signs for Profit in Long TermIn terms of average revenue per user (ARPU), impressions reportedly improved year-on-year (YOY) by 31% while revenues increased by 25%. The ARPU of Facebook’s website also increased to $8.52. This is up from $7.37 a year ago. Revenue increased by 25% as opposed to the last quarter as well.The 2% dip is a knee-jerk reaction by investors as Facebook has done little to address the privacy concerns following the Cambridge Analytica and other scandals. Also, Facebook seems to have revealed nothing about its plans for Whatsapp and other platforms that aren’t yet monetized. This has raised concerns from investors about the plans of Mark Zuckerberg. The Wizard of Menlo Park hasn’t indicated any plans from his goodie bag just yet. This has already created a general mood of suspense among investors. Maintenance of advertising policies during the last election cycle is a major factor as well. Facebook had been accused of not investigating accusations concerning Russian interference in 2016. The company has already done its best to adjust to the various concerns. Security updates and adjustments have been expensive. Security and privacy improvements are said to have improved by 34% in the last year alone. Alphabet’s Revenge Also Contributed as WellAlphabet Inc. (NASDAQ: GOOGL) also contributed to the general uncertainty that has surrounded Facebook. Recent changes to the Chrome browser bars websites from tracking browsing history. This also dealt a blow to Facebook’s analytics engine for advertising. Going forward, privacy concerns are expected to feature heavily this year. 2020 is an American election year. This will influence decisions from top regulators. Based on recent experiences in 2016, regulators will take a second look at Facebook’s privacy policies. Legal expenses are rising too. Sources report that administrative expenses are up by 87% Year-On-Year. A majority of these increases stem from legal costs. Settlements are not excluded from this. Stock prices have recovered to be close to 2018 highs. it seems that the stock prices may have to test new dips. A new direction in the long term is also in the offing. The 2018 high presents a major resistance that the stock prices would have to pull through. Whatever happens, the Wizard of Menlo Park and his team would have to pull a surprise to scale through. New platforms are competing for Facebook’s dominance as an organization. The younger generation is looking for new experiences. Mark Zuckerberg seems poised to deliver just that. Facebook Inc holds long term value. At the time of filing this report, in the pre-market, Facebook (FB) stock stood at $204.02 which is a 2.93% drop since the last trading session. Facebook (FB) Stock Goes 2% Down on Friday but It Still Looks Viable in Long Term

Standard Escrow Says Online Integration Has Gone Smoothly

As part of its goal to create a seamless bitcoin OTC transaction process, earlier in the year, Standard Escrow launched a web platform that enables its clients create and close transactions online. This new development simplifies the traditional strenuous offline escrow process and enables international cross-border transactions.
Transacting parties can now conveniently open accounts, carry out all KYC and AML verification checks, and create transactions with *Standard Escrow online. This new direct service saves transacting parties valuable time and effort, giving clients a simple and yet secure means to transact.
So far, Standard Escrow believes its online web integration has gone smoothly. “We are thrilled to have made our service more accessible and convenient for our current and future clients,” said the firm. “Our clients can now transact securely from their various locations around the globe online, while still counting on the superb service we have provided through the years. As a client-focused service provider, we believe in continually making life easier for our clients by providing a seamless experience which we continually aim to improve on. We look forward to welcoming a wider range of clients, which this new innovative model would be able to afford us.”
As a full-service bitcoin OTC escrow service, Standard Escrow will offer its services to clients around the globe through its web platform, as well as provide flexible solutions to help address individual customer preferences. Standard Escrow’s new online platform includes modern and innovative features aimed at improving the customer experience while maintaining transaction security for both buyer and seller.
Its online integration has been met with large scale client satisfaction and has proven to be a successful move to a large extent.
The post Standard Escrow Says Online Integration Has Gone Smoothly appeared first on Live Bitcoin News.

Amazon (AMZN) Stock Is Down, the Company Strives to Reclaim Its Position

Coinspeaker Amazon (AMZN) Stock Is Down, the Company Strives to Reclaim Its PositionAt the beginning of 2020, e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has been showing not a very impressive performance. Such an outcome results from the company’s stock underperforming significant benchmarks over the previous six months. Until mid-January 2020, Amazon could not boast great results. But then, the company started a comeback.After posting Q4 2019 results, Amazon (AMZN) stock soared 10%. The company’s stock continued its growth, climbing 15% over the past month. The retailing giant reported revenue of $87.44 billion, ahead of $86.03 billion expected, and GAAP EPS of $6.47 versus expectations of $4.05. Besides, net sales increased 21% to $87.4 billion in the fourth quarter. Operating income also increased, reaching $3.9 billion. Net income increased to $3.3 billion in the fourth quarter or $6.47 per diluted share.Since the company’s report, its valuation finally started to climb again. As a result, some analysts foresee the AMZN stock price hitting $5,000 in 2023.Currently, Amazon (AMZN) stock is obviously headed to $2,500, although some failures take place.On Friday, February 21, Amazon stock fell by 3.02% to trade at $2,088.53 on the NASDAQ exchange. Since the start of the Friday session, the volume of Amazon shares was 3.69 million. That day, Amazon stock was trading in a range of $2,088.53 to $2,144.16. Over the past seven days, its highest mark made up $2,185.10, the lowest — $2,088.53.Currently, in the pre-market, AMZN stock is trading at $2019.00. Its market cap makes up $1.043 trillion.It seems that this year is a comeback for the giant, however, it is the second worst-performing among FAAMG stocks over the past six months. Despite the fact that its cloud business Amazon Web Services (AWS) now dominates the industry, there is a possibility of rivals outperforming Amazon. Its main competitors, Microsoft‘s Azure platform and Alphabet‘s Google Cloud, already combine to make up about 57% of the market.Amazon (AMZN) Stock Is Down Because of CoronavirusBy the way, Amazon is not the only company to suffer drop on Friday. Because of coronavirus, China will stop providing necessary physical and virtual services to the U.S. As a result, the market reacts with the overall drop in prices. Trading on February 21 illustrated that dramatically. As we have reported, the Dow industrial average index had lost 280 points at one moment, closing with a loss of 227,57 points. Stocks were falling too, with Microsoft Corporation (NASDAQ: MSFT) losing 3%, Facebook Inc (NASDAQ:FB), Netflix Inc (NASDAQ: NFLX) losing 1.5% each.The drop was unexpected, the traders were not ready for that. It immediately followed new records set by S&P 500, Nasdaq Composite, and Dow Jones Industrial Average index. The tech stocks were in the green, therefore, new peaks were reached.But now the situation is a whole different. What will come next is unpredictable. As we can see, a lot depends on the coronavirus, the progress of which is also vagarious.Amazon (AMZN) Stock Is Down, the Company Strives to Reclaim Its Position

Ripple Is Among FXC Intelligence’s Top 100 Cross-Border Payment Companies

Coinspeaker Ripple Is Among FXC Intelligence’s Top 100 Cross-Border Payment CompaniesThe San-Francisco blockchain company Ripple Inc. has been recognized by FXC intelligence as one of the top 100 most important companies globally that are dealing with border payments in 2020. Ripple is the only crypto-related company that made it in the list of the cross-border whales.FXC Intelligence is a financial data company that uses strict rules in coming up with the list of 100 top companies in an industry with over 14,000 players. To make it in the list, companies have to fulfill certain criteria. First of all, the company has to be of a certain scale where it has not to be startup or VC. Secondly, the companies do not need to have raised outside funds, however, they must have an established customer base. Lastly, cross-border payments must be either the primary business or make up a substantial amount of their daily activity.With these tight FXC criteria to meet, Ripple is proving to be a big fish in the industry while the XRP price (this coin is widely used in Ripple’s solutions)is struggling to rise after a drop. However, this shows that all the work Ripple has been doing in laying a strong foundation and solving consumers’ problems is finally paying off.The list was divided into several sections that feature the world’s biggest financial institutions. According to the list, most of the companies listed among the top 100 are observed to be partners with Ripple, companies like MoneyGram and also TransferGo.Appearing on FXC Intelligence List: What It Means to Ripple Inc. and XRPRipple has been making big waves in collaborating with other bigwigs in the financial sphere. Ripple has partnered with international finance institutions and also central banks worldwide to open up fast and secure payments using its flagship project RippleNet and XRP.With Ripple now listed as the lone wolf in the top 100 cross-border whales, confidence in the market is expected to rise. Furthermore, according to analysts, crazy speculation in the crypto market has been the driving factor in crypto bull rally.The biggest beneficiary of the recent announcement is going to be both the Ripple company and the XRP market price. With the company looking forward to going public through IPO (though it is still unclear whether it will happen soon), it is very important to gain confidence from the side of potential investors.Therefore, this will lead to a sharp increase in demand for XRP and Ripple shares (once again if they will be offered to the community) which will result in an increase in market valuation. It will be interesting to see how Ripple will take advantage of the news and what will be the future effect on XRP prices.Ripple Is Among FXC Intelligence’s Top 100 Cross-Border Payment Companies

Bitcoin Price Kisses $10,000 Levels Before Falling, CME Gap Can Be One of Obstacles

Coinspeaker Bitcoin Price Kisses $10,000 Levels Before Falling, CME Gap Can Be One of ObstaclesOver the last week, the Bitcoin price has remained largely volatile as it plays around $10,000 levels. Earlier last week, the Bitcoin price surged from $9500 levels to all the way to $10,200 by Wednesday, February 19.However, on the very next day, February 20, the BTC price lost all its gains in a sharp plunge below $10,000 levels. Last weekend, BTC was showing some strength moving northwards. On Sunday, February 23, the Bitcoin price moved all the way close to $10,000 but could hold up.It is apparent that Bitcoin is facing a major resistance at $10,000 as the price slides further over 1% on Monday. As press time, BTC is trading 1.13% down at a price of $9749.24 with a market cap of $177 billion. The good thing is that Bitcoin is still trading above its 20-day-moving-average as per the Bollinger Bands Indicator.Also, after its sharp fall on February 19, the BTC price continues to make higher lows in a shorter timeframe. A surge in the trading volumes can possibly push the BTC price above $10,100 levels.Bitcoin Facing Major Resistance At $10,300 Levels and CME GapAs per Keith Waring, a technical analyst and contributor on CoinTelegraph, $10,000 is a major resistance for Bitcoin. He says that Bitcoin is facing significant resistance at $10,300 levels. Besides, Waring also puts emphasis on another indicator called the CME gap to predict the BTC price in the short term.He points out that there might be a higher probability of BTC price reclaiming $10,000 levels, the CME close stands at $9740 as on February 21. It means that traders believing in the CME gap narrative will hold their guns considering that the BTC price might revisit the gap.On the other hand, crypto analyst Micheal Van De Poppe takes a bullish view on the BTC price ahead.$BTC #BITCOINRetest done.As long as this level remains support, I'm expecting continuation towards $11,000 / $11,600. https://t.co/tzlW7D72ay— Crypto Michaël (@CryptoMichNL) February 23, 2020Another interesting fact is that Bitcoin’s daily relative strength index (RSI) has moved past 55 levels and over the neutral territory. Also, the daily moving average convergence divergence (MACD) histogram shows that selling is decreasing amidst the increasing bull volume.In the short term, analysts expect BTC to cross above $10,200 levels and further move confidently past $10,300 levels. If again the BTC price retraces in the CME gap at $9740, traders can see it as a purchasing opportunity and push it again above $10K.Bitcoin Price Kisses $10,000 Levels Before Falling, CME Gap Can Be One of Obstacles

Bitcoin Halving Has Not Been Priced In, Claims Binance CEO Changpeng Zhao

Coinspeaker Bitcoin Halving Has Not Been Priced In, Claims Binance CEO Changpeng ZhaoIn less than three months, the most anticipated event for the crypto community will take place: Bitcoin halving. Scheduled for May, Bitcoin halving happens at every 210,000 blocks and cuts down the supply of BTC, making the asset more scarce. Now the reward for each block is 12.5 Bitcoin and after halving it will be 6.25 Bitcoin.It takes four years to get to 210,000 blocks. The first halving took place in 2012 when each block was rewarded with 25 BTC. After bitcoin halving for the second time in 2016, each block was rewarded at 12.5 BTC. This year, halving will happen the third time.Since the end of 2019, there have been discussions about whether the upcoming event has already influenced the crypto market or not. Besides, many wonder if the supply reduction will lead to an increase in prices to maintain operations. Some учзукеы believe in the increase, while others state the opposite.Binance CEO Changpeng Zhao has shared his own opinion on the issue. Being open to all possible courses of events, he noted that it is difficult to predict what will definitely happen. According to Zhao, predictions about cryptocurrencies are usually wrong. However, he stated the halving of Bitcoin does not have a set price, considering the market situation in the past and in the present."I personally believe the halving has not been priced in."Don't miss @cz_binance discuss @binance future, China and the impact of Coronavirus and why he is positive on the price of #Bitcoin.See must watch in-depth interview at: https://t.co/o9xb0D0Mqp pic.twitter.com/1BTp9XXtSj— BLOCKTV (@BLOCKTVnews) February 19, 2020According to Binance CEO, the price is likely to go and come, as Bitcoin strives to break down and maintain the prices above the resistance of $ 10,000. But after the halving, we may expect that its price will have a positive impact.Zhao has also told to BlockTV:“People need a lot of time to let concepts sink in and adjust. Economic theory tells us that the bitcoin price will likely increase, but this is just the theory and hard to predict.”Bitcoin Halving: Previous ExperienceChangpeng Zhao is not alone in his opinion. As we have recently reported, the CEO of Lolli Alex Adelman also believes the Bitcoin halving has not yet been priced in. But he is sure that after the event, Bitcoin will surge.Notably, in previous halvings in 2012 and 2016, it took over a year for the market to start surging in both instances. For example, back in 2012 when Bitcoin was worth $13.42, the halving had no effect on the price. However, Bitcoin was not as popular as nowadays. One year later, Bitcoin price surged to $1,100. Then it fell to around $220 and remained below $1,000 for the next few years.After the halving in 2016, the BTC price slumped from $707 to $570. But then it flew to $20,000 in the great bull run in 2017.Judging by the previous halvings, Bitcoin price may surge this time as well. But how much time it will take for the price to increase is unclear. Currently, Bitcoin is trading at $9,751.68.Bitcoin Halving Has Not Been Priced In, Claims Binance CEO Changpeng Zhao