Bitcoin needs to be in a bull market before the halving

[criza]

I also thought about it, that as the halving event comes closer day by day the price of Bitcoin should have been continuously increasing because of investors and Bitcoin supporters storing the coin in their wallet for a chance to earn a large profit after the event impacts the supply of Bitcoin. But instead, the price of Bitcoin goes into a dump which could mean that a lot of volume of the coin have been sold. Maybe this is only a correction but, if this continues in the next months, we might as well consider securing our assets to avoid loss from our investments.

[Latviand]

The bottomline here is that, no one is certain what could happen after the halving. Many people are saying that the price would fall becore halving then be bullish after the occurrence of such thing. Then there are also people who believe that that the other way around could happen because of market instability that not because it happened before, same thing could happen again as an outcome. The best thing to do is to just wait and see it for ourselves, invest at this moment and just wait until the price increase to the point that one investor would be satisfied to sell without regrets. Because at the end of the day, the market itself is unpredictable and expectations will remain opinions unless it became a fact (when it actually happen).

[mirakal]

It has too as that is the best timing, usually when there is an anticipated event, people gets hype on it and that results to a sudden increase of price and we actually have witnessed that this year so far, from $7000, btc went to $10400 as its high this year but recently been struggling, so I think March would be a crucial month to know if there is really a bull run, hopefully the rally will start once again.

[Free1bitco.in]

It has too as that is the best timing, usually when there is an anticipated event, people gets hype on it and that results to a sudden increase of price and we actually have witnessed that this year so far, from $7000, btc went to $10400 as its high this year but recently been struggling, so I think March would be a crucial month to know if there is really a bull run, hopefully the rally will start once again.

precisely this month. we need to look at price developments that occur this month to ensure that bull run will occur. although the price development that occurred at the beginning of the year was pretty good, in fact, the price returned to the current level of $ 8k. however, there hasn't been a price increase since then, so I hope by the end of March, prices will be pushed back upwards.

[Divinespark]

Obviously bitcoin is rising in value, but the price of bitcoin is not rising so fast but I'm quite satisfied with it. From now until the halving begins, I hope Bitcoin's price could reach $ 10,000 again and it will certainly continue to rise thereafter. Invest now as best we can because after halving we will never see this price again.

[AakZaki]

This time the most important thing in my opinion is the price of Bitcoin is not traded below the price of $ 8150, for the next few months before halving.
I made an analysis and looked at the history of the halving year before it in 2016. I saw that at the time, Bitcoin was not traded below the price of $ 360, I called it the key price.
And this year the key price in my opinion is $ 8150.

The price I mentioned, I took for the long term.

I myself when doing trading always see this key price, both short-term and long-term trading.
Because in my opinion when the price of Bitcoin is traded above the key price, I just need to determine the best resistance to sell Bitcoin.
And vice versa when the price of Bitcoin is traded below the key price, I just need to determine the best support for buying Bitcoin.

And we need to know the RSI indicator on March 1, 2016 it was at 55.33% and currently March 1, 2020 RSI was at 55.00% when this post was made.
From there I still assume that the price of Bitcoin is still in a bullish trend, as long as the key price I say is not broken.

[pixie85]

Since every previous bear market was a bit different we shouldn't try to make the bull markets match. Look at bear markets - they are getting longer every time. That last bear market took more than 2 long years and was the longest bear market in history. What makes you think that the bull market will be exactly the same?

 Is there a rule that says bitcoin has to go through these steps to grow? The future is uncertain!

[exstasie]

Since every previous bear market was a bit different we shouldn't try to make the bull markets match. Look at bear markets - they are getting longer every time. That last bear market took more than 2 long years and was the longest bear market in history. What makes you think that the bull market will be exactly the same?

I would say the 2014-2015 bear market was significantly longer (~9 months) than the one in 2018. I was around back then and it sure felt like an eternity.

I agree with your point though. Each cycle is going to look different. I made a big mistake in early 2019 assuming a long drawn out accumulation period like 2015 had to happen first. I was blind sided by the lack of resistance at $6K and the strength of that rise. That's what happens when you rely too much on what happened in the past. I really had to psychologically switch gears and shake off that bias before I could trade the rally correctly.

[Yamifoud]

Obviously bitcoin is rising in value, but the price of bitcoin is not rising so fast but I'm quite satisfied with it. From now until the halving begins, I hope Bitcoin's price could reach $ 10,000 again and it will certainly continue to rise thereafter. Invest now as best we can because after halving we will never see this price again.

Indeed, I buy some and wanna hold it until the end of this year...

The declining trend that we have now (and in the past days) will indicate that we can't see a bullish market before halving is done. You've seen it already and even though "IF" the market will tend to show pumps in the coming days, it eventually not strong that could make an instant rise and able to reach $10k. For sure, it takes months before we make it. But looking at how the market works by now, it less possible to happen.

It only just hope to have bullish in the 1st quarter but we can't just leave that hope into nothing and without giving our full support. Even though it won't happen, people will still trust Bitcoin.

[Alexander_Z]

I may be wrong (bitcoin is unpredictable), but I have a feeling that the whole game has changed. The long-term bull market which basically started with the creation of bitcoin is over. It does not mean that bitcoin is dead or will fall to some ridiculously low levels. Far from it. It means that there will be no more exponential rises. There will be 2x or 3x swings, but no more crazy 10x bull runs. Bitcoin will probably struggle to stay above $10k until the next halving (one in 2024) and there will be no new ATH until then. The upcoming 2020 halving has been priced in advance, during $3k to $14k rally last year. $100k is beyond any reasonable timeframe and may never happen.

Of course, this is just an opinion.

[FanEagle]

Just remember that folks.

The Bitcoin market was bullish before the two previous halvings (hence no clear correlation in my humble opinion). But if you believe there is a correlation then it's important to consider other indicators, and not the halving alone.

When you check the history of Bitcoin price, you will notice there was a clear bullish trend before the two halvings occurred.

I am in the minority here but I doubt this year will be bullish, the trend is still bearish, it has been bearish since we were rejected below 14k last summer.

Watch out for March-April, if they are still bearish months, there is no way IMO the price will skyrocket this year. The important prices here are 10.5k (very strong resistance) and 14k. Before we break these prices again there will be no uptrend.

I was keenly watching during the times of 2016 halving and I observed in no way market reacted to halving. I do call that market was stable at the times of halving rather than it was bullish still I agree that market was not under the control of bears as after the then ATH at 2013, market was in bear's control fully on 201 and on January 2015 it hit the lowest of $180 and then started to be stable and bullish/bearish in 2015 completely.

Hence, during the 2016 market was under the control of bears at the same time bulls were also not too active. End of 2016 failed to have new ATH but beginning of 2017 showed us new ATH only after the new ATH bulls entered into full action. Similarly, we may expect bears to lose control around the times of upcoming halving and by end of this year, bulls may get all the required power to get us new ATH.

[Smitty Werben Man Jensen]

I thought there will be bull run because starting this year bitcoin showing positive trend and bounce back above to $10000 but seems it's only temporary because the price wasn't last long on that level and regarding halving event some people predict this year will be slightly different than the previous halving and not impossible it will be dominated by bearish instead of bullish and if this situations happend until halving date then seems we won't see the price high again

bullrun is over, and Bitcoin won't be able to reach $ 10000 resistance anymore, this is just my assumption, because right now Bitcoin has failed to penetrate resistance plus the world is being attacked by the corona virus disaster, making the prices of all markets decline, this also has an impact on bitcoin, but for altcoin seems to still have a chance to go back up

[Wexnident]

I don't think we've ever experienced a bearish season though? I believe the drop from $13k earlier this year was just a minor set back, and since then you could see that BTC has moved in a sideways motion indicating a possible investment period for the next big break it could have. As for the current trend of it having a set back from when it started reaching for $20k, I believe that's what you would call a correction? Especially if you look at how it took BTC a month or a month and a half to move from $8k to $10k.

bullrun is over, and Bitcoin won't be able to reach $ 10000 resistance anymore, this is just my assumption, because right now Bitcoin has failed to penetrate resistance plus the world is being attacked by the corona virus disaster, making the prices of all markets decline, this also has an impact on bitcoin, but for altcoin seems to still have a chance to go back up

The virus has again no impact on the price of BTC. Fear? Might be, but I believe they have no reason to sell their coins all because of a virus, one which can't even reach those said coins. As for the bullrun, well, if you looked at it from a wider perspective, I suppose you can look at it NOT being over. Look at how it compared it from the previous halvings, so why not start the comparison of a bullrun from when the last bubble (which was caused by the halving) popped?

[imstillthebest]

yes . we should consider other factors same as what we do before  if we are comparing previous halvings   .

 before you said btc price was bullish but there was a major bad news before like what we experience right now  ? i guess none ,never heard of a virus outbreak before those previous halving occured . only minor bad news only but not a hindrance for some countries to continue thier financial business  .

that is thier differences on why price of btc right now is still not bullish   .

[fabiorem]

making the prices of all markets decline, this also has an impact on bitcoin, but for altcoin seems to still have a chance to go back up

It should not. Bitcoin was intentionally created to be used as a hedge against fiat currencies and the stock market. This is its primary use: a "store of value".

If bitcoin declines together with the stock market, it means bitcoin is aligned with the mainstream, and that paper speculation (BAKKT, CMD, etc) is having a influence over it.

[mirakal]

It has too as that is the best timing, usually when there is an anticipated event, people gets hype on it and that results to a sudden increase of price and we actually have witnessed that this year so far, from $7000, btc went to $10400 as its high this year but recently been struggling, so I think March would be a crucial month to know if there is really a bull run, hopefully the rally will start once again.

precisely this month. we need to look at price developments that occur this month to ensure that bull run will occur. although the price development that occurred at the beginning of the year was pretty good, in fact, the price returned to the current level of $ 8k. however, there hasn't been a price increase since then, so I hope by the end of March, prices will be pushed back upwards.

I am still hopeful that there's a sudden pump this month that would push a bullish run, it's nice watching that btc trying to rise back to $9000 again and if that would be achieve which I think we will likely see this month, then we should expect that the run will continue.

The hype for halving is still on, that's what I believe so I am not worried that price will dump anytime soon as I'm optimistic of its recovery.

[Stedsm]

Don't worry guys, the bearish session will be there till we cross back above $10250 and this time, there's no stopping as BTC will bounce very hard from $8700 area. It just needs to hold near there as I've been saying it all the time before, and once the pump starts, the next target I'm looking towards is not less than $11750 and furthermore towards $14500. FUD has been surrounding by many that it may be dropped down towards $6k and even less and we are awaiting a crash till a new low is determined and whatnot, don't fall for the bearish trap this time and hold your BTC tight - nothing's gonna crash as BTC is not going to get affected by Coronavirus unlike major stocks which got a hard hit.

[Tylev]

I might not pay attention to that because my goal is to hold bitcoin until halving is finished. If there is a bear market in March-April, it will be an opportunity for those who want to invest more. however, I am a person who believes that before halving, the price of bitcoin will rise. at the moment the price of bitcoin may go down, but at the beginning of March, I'm pretty sure the price will recover and return to exceed the price of $ 10,000.

In terms of logic, you are certainly right. I agree that in the context of the upcoming split of bitcoin in half, it should grow in value. Only in practice does this not happen. Until February 19, Bitcoin was growing well in price and once again crossed the price of ten thousand dollars, and after that it went into a slow decline. It seems that the cryptocurrency market is simply being manipulated. When we do not expect, the market grows, as it was in the second quarter of last year, and does not grow contrary to general expectations now. Well, let's see what happens next.

[btc_angela]

Don't worry guys, the bearish session will be there till we cross back above $10250 and this time, there's no stopping as BTC will bounce very hard from $8700 area. It just needs to hold near there as I've been saying it all the time before, and once the pump starts, the next target I'm looking towards is not less than $11750 and furthermore towards $14500. FUD has been surrounding by many that it may be dropped down towards $6k and even less and we are awaiting a crash till a new low is determined and whatnot, don't fall for the bearish trap this time and hold your BTC tight - nothing's gonna crash as BTC is not going to get affected by Coronavirus unlike major stocks which got a hard hit.

We are still in the $8700 range, $8900 2 days ago. Still a long way to go for $11750 but we all know that most of the time when we least expected, the market suddenly goes on a bull run. So let those FUD continue, because I'm sure there will be a time that people are going to be tired on this, and on the contrary would rather build their portfolio in this bearish trend.

[Hippocrypto]

Don't worry guys, the bearish session will be there till we cross back above $10250 and this time, there's no stopping as BTC will bounce very hard from $8700 area. It just needs to hold near there as I've been saying it all the time before, and once the pump starts, the next target I'm looking towards is not less than $11750 and furthermore towards $14500. FUD has been surrounding by many that it may be dropped down towards $6k and even less and we are awaiting a crash till a new low is determined and whatnot, don't fall for the bearish trap this time and hold your BTC tight - nothing's gonna crash as BTC is not going to get affected by Coronavirus unlike major stocks which got a hard hit.

We are still in the $8700 range, $8900 2 days ago. Still a long way to go for $11750 but we all know that most of the time when we least expected, the market suddenly goes on a bull run. So let those FUD continue, because I'm sure there will be a time that people are going to be tired on this, and on the contrary would rather build their portfolio in this bearish trend.

As bearish also continued to create resistance on this periods, fud will also build it's momentum in order to create more diversions for now. But what I view in this current situation, the recent market fluctuations that turned a declined trend was a part of corrections. No need to worry all about because the price stabilized at that certain price. There's a huge potential to see more increasing value that might happen sooner, beat the bearish trend totally.