Re: Bitcoin needs to be in a bull market before the halving
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.
Didn't we move up from 4K? How can this be a bearish trend. I am pretty sure the Bitcoin halving will have a positive effect on the Bitcoin price in the long run. No matter if we move up or down a little right now. Try to look at the bigger picture and don't draw your conclusions from such short time frames. Bitcoin is here to stay and the 20K we saw, wasn't the All-time-High!
Yes, we move up from $4k into $8500, and even we already touch the price at $10k, but this time, we see bitcoin price is at down without we know when it will increase again. If we look at history, bitcoin halving has a positive effect on the price, and that can push the price to increase higher, but we almost get in that halving moment, but the price still getting down. I guess this will be another downtrend before the bitcoin price can rise before or after halving, so we need to be patient for a while, and enjoy the ride
