Could this be a bullish sign as halving approaches?

[BeManga]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

there will be a price correction after halving so we can expect a slight increase in minimum
expecting a big bull run is not really a good idea because the market is really unpredictable

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[Duzter]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

[Dhoe]

It is proved already that btc market does not follow any specific rule. People had quite bullish prediction regarding bakkt but nothing happened. May be bakkt effect will take place eventually. Like that halving will have positive impact but not instantly. If the demand increases and supply declines, price will grow eventually.

People were referring to Halving before, in 2016. At that time the price of Bitcoin increased very high a year after Halving, in 2017. So my prediction, the rise in the price of Bitcoin will occur in 2021 or a year after Halving happened. Bullish market signs have been seen in recent days.

[Nimbulan]

But when you really think about it, plus token pyramid was the thing that made the price pup so hard this year. It literally started at 3k around the starting of becoming mainstream and when the scam was closed down it topped at around 14 thousand. I believe plus token actually started this bull cycle. So for the price itself pyramids are not that bad, even though the price growth is unhealthy at the start it provokes legit money inflow

[X-ray]

20,000$ per bitcoin seems around the corner may be near the halving day but most of the push on the price right now may be coming from ongoing trade war between china-us-iran. So there is still room for price growth when halving fomo will kick in.

However upcoming bull run may be different than what we have during past halvings.

That's really gonna be in my favour but i'm doubtful that'll happen simply due to the fact that bitcoin is already struggling to break apst 9000 and probably we'll just reach the latest ATH and then stuck there. I also doubt that the halving when happening will give significant affect to the whole market because in the past when halving occur the price is not moving because all the hype already happening before the halving so it kinda burns out when the day of halving comes.

[xiboothrezi]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

You are right. No one is really sure whether this is bullish or bearish, only limited to speculation until the market actually changes and gives influence in certain timeframes. Changes that occur are really fast, even unpredictable, rumours and issues related to cryptocurrency must be influential, either in full or in part, but it is quite influential, just look at the changes that occurred when the Chinese government gave a statement regarding the blockchain. That's why the cryptocurrency world is full of unthinkable and unpredictable things.

[Cacingkemi]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

[imutlinda]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

[Rengga Jati]

Over the past 3 years, I have seen a huge number of signs and you know what? Almost all of them turned out to be fake -snip-

A huge number of signs? Can you mention some of them, buddy?  
For me, so far only halving that I think can be the real sign of bullish. It makes sense because we can see the previous history of Bitcoin halving that could bring significant influence in Bitcoin's value. Just checked out the halving history : hackernoon.com

-snip- Bitcoin does not care about logic, it goes its own way, which is impossible to predict. -snip-

Not really. We can see the historical data of the Bitcoin price movement. And from the data, we can predict a bit about the possibility of the next prices. Even if surely there is no guarantee of it.

- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)

[gundala]

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

Yes, it can be said that this is a cycle that continues to be repeated with a nominal that continues to increase. Based on the previous pattern, a significant increase usually occurs several months to about one year after halving. Because prediction is basically only limited to speculation, no one can really be sure whether the market trend has changed from bearish to bullish until it actually happens. So keep a close eye on market movements, don't miss a moment to take advantage of good opportunities.

[karanggatak]

bitcoin is reduced by half only happens once every 4 years and this will always be the moment eagerly awaited by most crypto investors. because if we look at the history of bitcoin it always experiences a high increase after being reduced by half. and this year bitcoin will be reduced by half. therefore from the beginning of this year bitcoin began to increase because maybe a lot of people started buying bitcoin because they were interested in bitcoin halving day.

[outatime1]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

[TIDOVEE]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

I see the price flunctuation as general cryptocurrency properties, even at bull run, the price is not stagnant, it still fluntuates but at favourable range.so, the flunctuation Should not be an issue. Take note: it even promotes the trading because,how do you expect interesting profit if the price is on a spot.
Secondly, the halving majorly introduces to the coming of the bull run which automatically closes the bear, how quick the bull resumes will just be our predictions after.but it's super to have the bull 2021, and reasonable price after the halving too.

[Edraket31]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

I agree with you, that's really what happened, and for those people who have seen the advantage  has taken the advantage to accumulate at cheap price and those who becomes panic they begun to sell at low price thinking price will be more lower, and now they are beginning to buy again because they have seen the price getting higher again.

[Sadlife]

Hashrates is one factor that could indicate a price reversal but the main source to predict/speculate the upcoming movement of the crpyto market is always technical analysis. If you want to follow the price next move, you should consider technical perspective the concept of key support and key resistance. Usually once the bitcoin price broke towards key resistance then it could move to a massive upwards movement like currently what's happening to BTC, but this is just speculation its not 100% guaranteed.

[MWesterweele]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

Yes I am thinking it too, based on the current market price now, bitcoin drops a little compared to its price last few days ago,but as what other is expecting, I will wait for the halving, since I've seen that when halving takes place, the price of bitcoin goes up as well as the altcoin , so let us hope that halving will happen successfully and then bitcoin will go to its ATH again like in 2017.

[d3nz]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

I'm really expecting that the bullish trend might happen by year 2021 but we don't know what will happen after the month of halving and we could see a major drop since it is not the same as before the reward and it will be lessen more.

And i am very bullish that the price could take hike and just like last year and it drops after it pump ups.

[White Christmas]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

I'm really expecting that the bullish trend might happen by year 2021 but we don't know what will happen after the month of halving and we could see a major drop since it is not the same as before the reward and it will be lessen more.

And i am very bullish that the price could take hike and just like last year and it drops after it pump ups.

Many says that after the halving the price of the coins and some tokens especially bitcoin will pump up just because of the bitcoin halving that will done after the month. This probably may be the triggered button on how the bitcoin will be bullish because as we have seen right now, bitcoin is continuously and confident that is pumping up and up si it would be better to just watch and study the market graph that has happening right now for us to be able to know what would be the bullishness of coin will be happen.

[FanEagle]

Maybe we should just relax and wait for the time to come and whatever happens we just take it that way. Everyone is just speculating and they can’t really tell what is going to happen. Let’s just be calm, I’m already tired of all these speculations and I’m also not going to let people deceive me with their wild speculations, so I am still going to invest an amount I can afford to risk despite that some people have said that this next halving is going to be like the last two. There is really no proof about that, I’m not too excited about it.

I still remember the market conditions around last halving and market took more than 7 months of time to become bullish after halving. I strongly believe this time also market may do the same thing which means we can enter into "actual" bullish trend only in the late months of 2020 or maybe in the last weeks of first quarter of 2021.

[Wipeout2097]

Every crypto Enthusiasts eye n halving and excited to see where it is going to be,There are many predictions about the price of BTC but now it become suspense what will be the price of BTC after halving.

Overall positive approach for the halving and mostly seen that the popular blogs are in favor of halving and claimed that price of BTC will rise and also will maintain for long,so lets see what happens just wait with patience and focus on goals.