^ Probably we may consider it bullish because of the fast recovery from the recent halving compared to the previous halving. But the cause of the bullish came from the whales since they are able to buy a bulk of bitcoins that leads to the fast recovery on the price. It is still early to know the true effect of halving whether it is going to be a bull run or it will crash the market but none of this can be a reality unless we have already come to that point and experience the true effect of the halving. No one really knows what will happen.