Post
Topic
Board Trading Discussion
Re: This bitcoin bull market isn't over yet !
by
Rabbitqt
on 01/04/2024, 07:11:06 UTC
In recent months the cryptocurrency market has experienced significant volatility with Bitcoin reaching new all-time highs followed by sharp corrections.
As we all know every 4 years or (210,000 blocks ) it happen Bitcoin halving as for now days there are only 23 Days Left for next halving
Quote
Halving Date ETA: 24 April 2024

According to Rainbow Graph the All Time High its expected to happen after the 4th halving soon
Which this leads to understand that this Bull market is not over yet  and that you still can prepare and HOLD for New All Time High
While short-term price fluctuations are inevitable in any market, the long-term outlook for Bitcoin remains positive.

https://i.ibb.co/HNcRCjD/Screenshot-2024-03-31-124148.png


As we can see on previous halving the ATH happen months before the halving so according to previous history of bitcoin which were parabolic bull runs
So its time to HOLD

https://i.ibb.co/7p7tgjg/Screenshot-2024-03-31-130848.png



While there are roughly 1,330,463 BTC left to be mined is expected to continue until the year 2140.
After that point no new Bitcoins will be created through mining and miners will rely solely on transaction fees for their rewards.

https://i.ibb.co/ZWY6mv2/Screenshot-2024-03-31-124816.png


Soruces: https://www.blockchaincenter.net/bitcoin-supply/

Therefore I would like to get some feedback on this do you agree that Bull Market isn't over yet ?







The only chart you need is S2F.