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?
I didn't feel like the price had dropped much. Bitcoin rose to an all-time high of $73k before the halving and then fell slightly after the halving. After halving the value will increase but not so fast where it becomes 3-4 times, Bitcoin is always a long term investment and long term investment where Bitcoin investment has to be held for a long time because the value increases slowly. It may take several more years for prices to rise to 3-4 from the current market, but it's never too soon. After the halving Bitcoin price was mostly above $60k, we saw a short period of Bitcoin price at $57k. Now I think those who invested in Bitcoin should hold on to it and plan to reinvest I don't think it's wrong. I am optimistic that very soon we will gradually enter a bull market where the Bitcoin price will enter new highs.