Halving events have frequently been associated with increase in price of bitcoin with significant upward momentum both before and after halving. Bitcoin halving often generate increased market attention and hype. Expectation of lower supply and likely price increase may fuel positive feelings amongst investors and traders.
This is not the first time that bitcoin is halving. Other past halvings already had a bull run that accompanied it. So, this time around would not be a different one. Talking about the price increase that accompanies the halving, it happens in two ways which is;
- Bull run before halving
- Bull run after halving
The bull run before the halving does not last very long, it is only a preliminary to the main bull run but people tend to sell here thinking it is the main bull run. The main bull run happens few months after the halving and that is the major bull run but it is not everyone that enjoys this bull run.