Before the current bull market started, everyone was expecting Bitcoin to halve, and a great bull market would come after the halving.
It has been 144 days since the Bitcoin halving on April 20 this year, and then the market price fell from 65,000 US dollars to 56,000 US dollars, and the copycat price fell back to the bear market price.
It is inevitable that people will wonder whether the 4-year halving cycle of Bitcoin will usher in a big bull market.
If Bitcoin halving does not usher in a bull market, then where will investors go in the future?
Historically, the first Bitcoin halving occurred in November 2012. The price fell slightly in the months after the halving, fluctuating between 10-13 US dollars, and then reached a high of 266 US dollars in April 2013.
The second halving occurred in July 2016. After the halving, the market continued to rise from 650 US dollars until it reached a high of 20,000 US dollars in December 2017. point
The third halving was in May 2020, when the price was about 10,000 US dollars. After the halving, the price fluctuated greatly, and it rose in October until it reached 69,000 US dollars in November 21.
From history, we can see that there are declines and increases after the halving, and we cannot draw a conclusion based on this.
But we can objectively see that the halving of Bitcoin is conducive to long-term price increases.
Now that it has been nearly 6 months since the halving, some people who look at technical indicators have seen that various indicators of Bitcoin are weakening from the market, and the highs and lows are getting lower and lower. Therefore, many people no longer have confidence in the bull market.
Personally, I think this does not mean that the halving of Bitcoin can no longer bring about a bull market.
The previous currency circle was a niche circle, and the main narrative revolved around the halving of Bitcoin, which naturally had a great influence.
Now the currency circle is gradually moving towards the global mainstream market, more traditional companies are making plans, and Wall Street bankers are Capitalists and even countries compete for the market
Then the market of the currency circle will naturally be affected by more factors
The market will only become more and more complicated in the future. The financial market is like an ocean. Big fish eat small fish. There are also giant whales behind them. Giant whales will also fight for territory
Many people still want to use the last bull market and copy the past experience to easily get the results. This shows that they think too simply. When the market comes to this point, they should be aware of it
There will still be bull markets in the future. The bull and bear cycles will go back and forth. This is the inevitable law of the development of things, but it will definitely not be repeated in a simple way
