I see the Bitcoin price climbing above $8000 by the end of the year 2020, not just because of the halvening happening soon, but also because of current developments in the global financial system. For instance, the US national debt is already at a very unsustainable level and the deficit in the US annual budget this year has been stretched beyond limit with the injection of the $2 trillion Covid19-stimulus package. I believe this injection of funds will weaken the US Dollar long term.

Against the backdrop of a weakened US Dollar, the Bitcoin halvening is very likely going to send the price of Bitcoin rocketing to the moon. By the end of the year 2020, we are very likely going to see BTC/USD price above $8000