When in doubt...

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Many think that after the HALVING, scheduled to occur sometime on April 20, the peak in the price of BITCOIN will have been reached and so, we will have to prepare for a new bearish cycle...however, if you have doubts regarding what will happen when the Halving effect becomes evident (that is, absolute scarcity of mined BITCOINS), you only need to look at this chart to see that we will not be close to the real ATH of BITCOIN during this cycle.

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I don't know if we will reach $200,000 or $1,000,000 per BTC but what is clear is that the real "party" begins a few months after the halving, all that is in between for that is accumulation and rise.
It goes without saying that we will have a bearish mini-cycle just before and somewhat after the halving, a situation in which many of us will reload our saddlebags.

Have a very good start to the week!

@toofasteddie

Posted Using InLeo Alpha



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15 comments
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I am so optimistic about the price of bitcoin this year though I might not be able to say the exact price figures

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It is true that now the free-halving pump has come into the market and we have seen commodity prices rise and people are very happy especially those who have been holding for a long time and that is also true. That after halving the real story will start and the prices will start going up.

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We are ahead of things right now for sure. But we have hit a full on bull market. Things have never felt this way before previous havening. Retail is just now reengaging. Things could certainly get really insane really fast.

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We can only wait to see how things go, but I am a bit worried about the normal stock markets. If they crash, I don't expect BTC prices to go up that much either due to the fear caused by that.

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I strongly believe bitcoin will hit it's all time high much more even after the halving

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