I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
Nobody can tell if this move we are experiencing now will push the bitcoin to a bull state, it’s all speculations until it happens. To some, this could still be corrections and not really the bull run we are expecting so it’ll be okay if you stop worrying too much on when the market will be on the bull state and have an uptrend trajectory movement towards a new all-time high price. Bitcoin is still not yet reached the all time high it is currently since after the halving. A new all time high was hit prior to halving which in this case was different and surprising to a lot of people. Prior to that same halving, it went down rapidly to follow the trend it has always being on before at every halving. So we can say that the market is now on the right path and will experience a normal movement as usual henceforth. The date of the bull run can’t be known, it can only continue to be speculated.
We are still going to experience one more major correction in bitcoin pricing before the bullrun finally sets in. The market will experience this correction and there every possibility that bitcoin will get to the region of $55k or lower than that. What we saw prior to the halving that took bitcoin to around $73k was a result of the bitcoin ETF approval from sec. The main bullrun will surely shot bitcoin far above the $73k and that's going to happen. Yes the date of the bullrun arrival is unknown, but usually 6 months to 1 year post halving is when we are expecting the bullrun to start, but the particular date it will start is unknown to mankind.