Many friends have come to ask Feilong, it has been so long since the halving, why hasn’t Bitcoin risen, is the bull market over? I can tell you for sure that the bull market is not over. Before and after the halving, the price of Bitcoin often fluctuates greatly. Expectations before the halving usually drive prices up, and after the halving, Bitcoin often realizes the positive news, first a correction, and then a bull market.
Historical data shows that before halving, the market usually experiences a bear market of about 1.3 years, and then reaches its peak in about 1.3 years, a total of about 2.6 years. About 477 days before halving is the time for the price to bottom out, and it takes an average of 480 days from halving to the peak of the bull market.
In previous halving events, Bitcoin prices usually rose within 150 days after the halving. But there were also retracements, such as 30% and 38% in 2016 and 2019, respectively. This year, Bitcoin has retreated about 23% since the halving.
The more times like this, the more it tests position management, and it is also the time to verify whether the position is reasonable. Finally, I wish everyone can get rich in this round! #BTC
