Quote from: Kelward on Today at 11:47:56 AM

Quote from: EluguHcman on May 09, 2024, 08:00:29 AM

The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

Before the halving, there was high expectations that we're going to see a massive bull run, this could be because of the price surge before the halving, that even made it possible to see a new ATH before it. I think that the approval of Bitcoin ETF triggered a lot of excitements, because of the massive price increase that followed it, now halving has ended and the excitement has suddenly ceased because of the price dip. I know that it's just a matter of time and the price predictions or speculations will become more exciting and loud, when we enter bull run.

If you ask me, I must say that we've been experiencing a bull run since the approval of the spot Bitcoin ETFs. Floating around $60K for months doesn't seem normal to me at all, it is clearly a sign of how massively the ETFs impacted the market, resulting in the current price.

As for this year's halving, the expectations of many were not met as things turned out to go the opposite way. The expectations and excitement of the ETFs' approval seem to have overshadowed that of the halving, leaving us with a range of prices that we keep seeing, which is not aligned with the history of halving.