Could this be a bullish sign as halving approaches?

[qomariah95]

Prediction is not always right and not always wrong. To be sure when approaching halving or halving has happened, certainly not immediately bitcoin suddenly increased. Because in my opinion, after halving, at least 1-2 months we will see the movement of bitcoin. Is it going to trend to increase or decrease altogether. We will see later.

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[Darooghe]

I think mining hardware's performance grows exponentially every few months. that means the hashrate needed per BTC mined tends to infinity. Miners need to constantly increase the hashrate just to stay in the game, regardless of what the price does. the fact that miners keep staying competitive regardless of the price means miners are long on BTC, and expect the price to increase in the long term. also Miners only get a percentage of mined bitcoins per day, equal to the percentage of hashrate it contributes to the network per day. for a miner to increase it's profits, it needs to increase it's mining hashrate.

[TheUltraElite]

Prediction is not always right and not always wrong.

True that but they all dont understand this and tend to take it for granted.

To be sure when approaching halving or halving has happened, certainly not immediately bitcoin suddenly increased. Because in my opinion, after halving, at least 1-2 months we will see the movement of bitcoin. Is it going to trend to increase or decrease altogether. We will see later.

It may not be just 1-2 months, we may not see any price movements at all. This halving related price rise is in everyone's minds and so they will buy and stock up coins before the halving making the market rise before the halving. Then they will sell at the inflated price and make a crash. Thats what I have seen happening previously and this will repeat.

So with the halving I am expecting a drop in price which will again take time to recover.

[KnightElite]

There is no 100% prediction that will guarantee that, but patterns that occur before always show positive things when halving occurs.
I do not expect hundreds of percent bullish will occur, I just hope that bitcoin can be legally accepted for daily use transactions to make it easier for everyone. Yes, although it will take a long process to go in that direction.

The halving can be a "catalyst" if the halving happen, but we are not yet sure if the bullish trend will come. There are still a lot of correction that needed to be done in order to successfully beat the bearish trend. As long as the price of the bitcoin resist in 100 MA, we will still see a lot of lower lows and lower highs that can lead to the decrease of the price.

[sehoon]

I think we can pretty much rely on halving for the next few years since it is going to push forward. But I don't think that the price is going to grow really good this year. I would say probably in 2021 or in 2022. The prices are going on a slow push.

[cryp24x]

A prediction always remains unsure until it happens. It is likely seeing something and we will just guess what will happen next. This can be based on our personal perspective of the factors that can prove our prediction. But since everything is possible and can happen in Crypto World. I guess we need to be ready for all possibilities to be able to claim any opportunities that can happen on a glimpse of an eye.

[Savemore]

There is no 100% prediction that will guarantee that, but patterns that occur before always show positive things when halving occurs.
I do not expect hundreds of percent bullish will occur, I just hope that bitcoin can be legally accepted for daily use transactions to make it easier for everyone. Yes, although it will take a long process to go in that direction.

The halving can be a "catalyst" if the halving happen, but we are not yet sure if the bullish trend will come. There are still a lot of correction that needed to be done in order to successfully beat the bearish trend. As long as the price of the bitcoin resist in 100 MA, we will still see a lot of lower lows and lower highs that can lead to the decrease of the price.

Indeed, As long as the price resist to the long day MA then there is still no bullish sign. They say that halving can boost the price but is still pure opinion because there is still no data that is available. By focusing in the present chart can make us wise trader than predicting its price. Technical analysis can help us to have accurate forecast but not prediction.

[agentx44]

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?

Many are expecting for the bull run as bitcoin halving occurs but still we cannot really be certain about it. As you've said, the market is very confusing up until today and we cannot predict any sure thoughts on what may happen next tomorrow. The best thing we can do for now is to just rely on our faith with bitcoin. We need to be more optimistic and believe that bitcoin will soon get its high value back and focus on how we can make our investments work if ever things goes according to our plan or not so we can get the best results possible.

[darkangel11]

Bitcoin hashrate chart was looking very bullish in 2018 and 19 but the price kept going down so thi si not the best indicator.
https://www.blockchain.com/charts/hash-rate?timespan=all

We are at an all time high and there was a huge spike in september and october 2019 when the price was going down hard. If you base your trades on hashrate you're going to get rekt.

[EdvinZ]

The approach of halving can really act as a trigger for increasing the price of Bitcoin. In the past, this was the case. Besides, the last time it was printed many new USDT, if you know what I mean.

[jhontwis]

We are going through very important times. It's getting harder every day to earn Bitcoin. Halving opens another door too. This market is going through speculation. What is Halving? Even people who do not know this can predict that the price will rise. And the fomo begins.

[anjho.ace]

What ever it is or what ever will be the reason i really want to see the bull run any time soon.
The wallet and the holdings is really in danger and i am waiting for so long. been busy in the real world job due to the lack of financial.
I really hope the rocket will start to rise, soon!

[crossabdd]

I agree with that, the current market is indeed unpredictable. on the other hand, many predictions that bitcoin will soon be bullish after halving. and others said they would have lower prices. Hashrate or halving can't be a reference for bitcoin pumps. just hoping for market controllers to pump bitcoin, and raise prices higher.

[JeffBrad12]

Halving is just a factor, we cannot fully expect that the bull run will come after the halving. For fundamentalist, halving is good and it can boost the peice of the bitcoin but for me as technical analyst; I still waiting on what will happen to the price. If the price breakout after the halving then I will add my position because it is a good sign that there are now willing buyers.

Halving is also already planned event from the very first bitcoin was created by satoshi, why people are suddenly getting excited over something that will definintely happen in the future and it's not a groundbreaking change that could suddenly pump price like a rocket science. Jus hope for the best and expect the worst so it won't painful if it fails our expectation.

[Sahyadri]

Here halving has nothing to do with the price. Halving is scheduled for the end of the year. It won't influence the price right now. But yeah market is not ready to give up to bears and bulls are active enough to not let the price go below 7k. This is a good sign but I won't call it a bullish sign. Market can still turn in any direction. If you look Bitcoin is finding it hard to cross 7500. Unless it is successfully done, I think we are not even bullish in short term forget about long term.

[btc78]

Nothing is certain until halving take place so everything from this point is speculative and only the toughest will remain standing as this roller coaster market is giving as pain in asses .so if you think that your Holding can stand loner?then stay keeping but if not?then sell off now and wait for another dump as i think it will happen before we reach May 2020.

[piebeyb]

what we have to understand is that bitcoin cannot be predicted correctly I also hope that not many people believe in my analysis, sometimes people always speculate an increase in hash, the effect of the Middle East in Iran and America, you will find lots of news now associated with the actual price of bitcoin the effect that is obtained even though there are only a few, I guarantee that the price of bitcoin is completely out of boredom in the market, I analyze about 2020 and 2021 that the price will increase with the calculation I have, but cannot share it to everyone, bullish will come soon from what I see now not just because of an increase in hash or halving

[rodskee]

what we have to understand is that bitcoin cannot be predicted correctly I also hope that not many people believe in my analysis, sometimes people always speculate an increase in hash, the effect of the Middle East in Iran and America, you will find lots of news now associated with the actual price of bitcoin the effect that is obtained even though there are only a few, I guarantee that the price of bitcoin is completely out of boredom in the market, I analyze about 2020 and 2021 that the price will increase with the calculation I have, but cannot share it to everyone, bullish will come soon from what I see now not just because of an increase in hash or halving

lol everyone is speculating same as yours,because this year is Halving time so definitely ?bitcoin will be mooning from May to December like what we have last 2017 last Halving.

and also i will be looking for altcoins to grow,because Bullrun is not only for Bitcoin but for altcoins as well.

[Asmonist]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

[Fatunad]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

Btc is bound to reach the highest price of at least 6 digits the only thing we dont know is when. 2020 maybe a great year for cryptocurrency because as you said there's a lot of good things to look forward to including the good news and the btc halving coming up on may all of these are bringing good impact to the market price. For sure there will be another great run for btc this year.