Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report. Judging from the findings in the report, the rally seen in the Bitcoin market since the beginning of the year could be just the start of a larger bull market for the number one cryptocurrency. Bitcoin has already risen by about 66% this year, and is currently consolidating just below the $28,000 mark. ... Read More: Bloomberg Analysts: Bitcoin 'Halving' Can Send BTC Past $50,000 – Here's Why