Is the Bitcoin bull market over?
The following is a summary based on the data of the last bull market and does not constitute investment advice.
1. Is the Bitcoin bull market over?
Conclusion: No.
A pullback is different from a decline. A correction is a normal market behavior, and a decline is a trend behavior. Although they are both expressed in the form of price drops, they are actually completely different.
If I have to say a number, it would be 44,000. If it hits this price, it will declare the end of the bull market. The reason is that the decline exceeds 40% and forms a trend.
2. Halve.
The first halving: the halving occurred on November 28, 2012 and the currency price reached 1,200 in November 2013.
The second halving: the halving occurred on July 10, 2016 and the currency price reached 19,798 on December 17, 2017.
The third halving: Halving on May 12, 2020 and reaching 69,000 on October 11, 2021.
The fourth halving: halving on April 20, 2024. . . .
3. Callback before and after halving
Now it is a correction before the halving. Will there be a correction after the halving? No one can predict it, so assume this pullback will be your last.
On July 10, 2016, there was no correction before the halving. One month after the halving, the price dropped from 647 to 575, with a correction of 10%.
There was a 20% correction the day before the halving on May 12, 2020, and a 10% correction a week after the halving.
4. Which stage of the bull market is it now?
We have roughly reached 40% of the process. $BTC $ETH $BNB
