Post
Topic
Board Speculation
Re: Bitcoin needs to be in a bull market before the halving
by
exstasie
on 26/02/2020, 09:29:23 UTC
Just remember that folks.

The Bitcoin market was bullish before the two previous halvings (hence no clear correlation in my humble opinion). But if you believe there is a correlation then it's important to consider other indicators, and not the halving alone.

When you check the history of Bitcoin price, you will notice there was a clear bullish trend before the two halvings occurred.

It's 3 months away. Compared to last time, we're ~ April 2016. Why do you think BTC was in a bull market then, but not now? Did you miss the 350% rally last year? And now we're re-approaching those highs.

If it looks like a duck....

I am in the minority here but I doubt this year will be bullish, the trend is still bearish, it has been bearish since we were rejected below 14k last summer.

If you're in the minority, it's a very big minority and bull/bear sentiment is mixed. I'm seeing plenty of bear analysis in my circles and the Fear & Greed index is "fearful" at 41: https://alternative.me/crypto/fear-and-greed-index/