It's been halved, why hasn't Bitcoin risen yet? Is the bull market gone?

The current trend is forming. Although Bitcoin will not see a sharp rise immediately after the production reduction, shocks and slow breakthroughs are the main theme, and a new main rising wave is forming! The worst-case scenario is to continue to fluctuate around here for a month or two, insisting on the strategy of buying low, and the expected benefits of interest rate cuts have not yet been released. The second stage of the bull market is gathering momentum. There are too many promising targets, but there is not enough money! ! !

As the market has reached today, it can be said that there are only two important moments in the next two years. One is the latest opportunity to get on the bus this year. That is, I said on April 13th that now is a new round of getting on the bus. An excellent opportunity. As long as your mentality is not chaotic, you should be picking up money everywhere these days; the other is the bullish trend in the next two years. Seize these two important moments and make the money you want. .

As for whether 5W will fall below, I said before that since the previous 5~6W took a long time to consolidate, unless it is forced, it is still a very powerful After all, whales and ETF funds coming in at 5~6W account for a large part. They have not made much money since now, and they have not found any good opportunities to get off the market. Therefore, I think the market does not need to be too pessimistic. It is not yet To the top.

Many friends came to ask the editor. It has been halved. Why is Bitcoin still not rising? Is the bull market gone?

I personally still think that the bullish trend is not over. Before and after the halving, the price of Bitcoin often fluctuates. Anticipation before the halving usually drives the price up, and after the halving, Bitcoin often experiences a bull run.

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, taking a total of about 2.6 years. There are about 477 days before the halving for the price to bottom out, and it takes an average of 480 days from the halving to the peak of the bull market.

In previous halving events, Bitcoin prices usually rose within 150 days after the halving. But there are also retracements, such as the retracements in 2016 and 2019 of 30% and 38% respectively. This year, Bitcoin prices have retraced about 14%.

The more times this happens, the more time it takes to test position management, and it is also the time to verify whether the position is reasonable!

The above is the detailed content of It's been halved, why hasn't Bitcoin risen yet? Is the bull market gone?. For more information, please follow other related articles on the PHP Chinese website!