The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin price looks set for a massive breakout as network fundamentals are at all-time highs as the 2020 halving event approaches.

Bitcoin Network Metrics Hit All-Time Highs (ATH)

With Bitcoin block rewards set to be halved in less than a year, network activity parameters continue to hit new all-time highs. Data from Blockchain.com shows that Bitcoin network computing power, difficulty, blockchain size and unspent transactions (unspent
transaction, UTXO) counts and other indicators are at historically high levels.

As of press time, the network computing power is 74.5 per second
quintillion hashes (74.5 million TH/s). This figure shows that the computing power used to secure networks has increased by nearly 140% since the end of 2018.

At that time, people were worried about a mining death spiral as BTC prices fell by 80%, leading to a decline in mining profitability and many nodes exiting the network. Half a year later, the situation was completely opposite.

These huge improvements in network fundamentals have led to a massive influx of investment into the mining sector. Earlier this year in July, Germany-based cryptocurrency mining company Northern
Bitcoin announced that it will purchase 5,000 ASIC mining machines from mining machine manufacturers Canaan and Bitmain.

Will Bitcoin price hit an all-time high before halving?

Even before the 2020 block reward halving, there was plenty of speculation that new price highs might be in the offing. The current price of Bitcoin is around $11,000, up 120% from the beginning of the year.
Craig Cobb, Cryptocurrency Trader at Tradercobb.com
Cobb predicts that Bitcoin will hit a new high of $27,200. However, Cobb said Bitcoin could fall below $9,000 before rising to new highs above $20,000.

The top-ranked cryptocurrency has been trending down 20% to 30% in 2019 so far. For Cobb, each pullback will only bring BTC back to the “cradle zone” (10 -
area of price activity within the 20-period moving average).

As for what will happen after the halving, past historical records may provide some insights. After the block reward halving in 2016, the price of BTC increased by more than 900%. This trend peaked in mid-December 2017, when Bitcoin nearly topped $20,000.

Price analysis, such as model analysis of circulating stocks, predicts that the BTC price will surge to $55,000 by the 2020 “halving” event. If the 10x growth of 2016 is repeated, Bitcoin will exceed $500,000 by the end of 2021.