It has been so long since the halving, why hasn't Bitcoin risen yet? Is the bull market over?

Many friends asked me, it has been so long since the halving, why hasn't Bitcoin risen yet? Is the bull market over? I can tell you with certainty that the bull market has not ended. 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 pulls back, and then ushers in a bull market.

Historical data shows that before the halving, the market usually experiences a bear market of about 1.3 years, and then reaches a peak in about 1.3 years, a total of about 2.6 years. There are about 477 days before the halving when the price bottoms out, and it takes an average of 480 days from the halving to the peak of the bull market.

In previous halving events, the price of Bitcoin usually rose within 150 days after the halving. But there are also retracements, such as the retracements of 30% and 38% in 2016 and 2019, respectively. This year, from the halving to now, the price of Bitcoin has retreated by about 23%.

The more such times are, 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!

#美国4月CPI数据回落 #BTC走势分析 #Meme币你看好哪一个？ #5月市场关键事件

If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to follow the sponge, publish market analysis every day, and recommend high-quality potential currencies. ”