Many crypto enthusiasts are expecting to see a surge in Bitcoin price amidst the upcoming Bitcoin halving.

John McAfee, a crypto baron, has even bet with his manhood that Bitcoin will hit nothing less than $1 million by the end of 2020.

so 1btc 500k $ within 3years? — ϻ ? ? ? ? ? [ꜩ] (@__MagUra__) July 17, 2017

Another crypto trader, @open4profit, has recently made a bullish prediction that Bitcoin may surge past $10,000 and reach $14,000 before the halving occurs.

#BTC COULD MAKE A UPWARD MOVE ABOVE 9800 & 10K, BEFORE HALVING. NOV-DEC ARE IMPORTANT MONTHS, DON'T MISS ANY DIP THIS MONTH. 13-14K ON CARDS BEFORE HALVING. pic.twitter.com/ofe8hTkX4l — ?Zια υʅ Hαϙυҽ ╚»Cɾყρƚσ Aɳαʅყʂƚ & Tɾαԃҽɾ?«╝ (@open4profit) November 11, 2019

Another trader, @CryptoWelson, also claims he is expecting a bullish market if BTC is able to close above the resistance.

If $BTC can close above the resistance (red line), in the coming days, this is extremely bullish!



I'm watching the price closely to see if we can break out.



This scenario would signal a reversal for the months of decline we've seen, and would also be super bullish for alts! pic.twitter.com/RCq4mdFefz — Welson ? (@CryptoWelson) November 11, 2019

However, there are still some veteran traders who believe a decline is still possible for the number one coin. @CryptoMichNL, a trader from the Netherlands believes that Bitcoin may continue revolving around the present market price and possibly slide to $8,400.

$BTC #BITCOIN



Well, first level nicely holding here. Could continue the ranging here.



For bulls; break back above $9,050 required.



If not, I'm still aiming both green zones for a potential long (down till $8,400 if the market provides that opportunity). pic.twitter.com/rtbZeTtle7 — Crypto Michaël (@CryptoMichNL) November 11, 2019

Some are of the view that the upcoming Bitcoin halving may not be as bullish as it were in 2016. Those proponents believe that the decline in the size of the miners’ reward may drive away retail miners from the market.

Nonetheless, there are others who also believe that the Bitcoin halving is not priced in. Notable among them is the crypto investor and podcaster, Anthony Pompliano.

The Bitcoin halving is not priced in. — Pomp ? (@APompliano) November 10, 2019

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