Post
Topic
Board Speculation
Re: Is Bitcoin set to RISE into the Halving?
by
exstasie
on 08/04/2020, 20:31:05 UTC
The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%.

Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.

I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.