Post
Topic
Board Speculation
Re: Bitcoin needs to be in a bull market before the halving
by
Alexander_Z
on 02/03/2020, 08:28:06 UTC
I may be wrong (bitcoin is unpredictable), but I have a feeling that the whole game has changed. The long-term bull market which basically started with the creation of bitcoin is over. It does not mean that bitcoin is dead or will fall to some ridiculously low levels. Far from it. It means that there will be no more exponential rises. There will be 2x or 3x swings, but no more crazy 10x bull runs. Bitcoin will probably struggle to stay above $10k until the next halving (one in 2024) and there will be no new ATH until then. The upcoming 2020 halving has been priced in advance, during $3k to $14k rally last year. $100k is beyond any reasonable timeframe and may never happen.

Of course, this is just an opinion.