This time the most important thing in my opinion is the price of Bitcoin is not traded below the price of $ 8150, for the next few months before halving.
I made an analysis and looked at the history of the halving year before it in 2016. I saw that at the time, Bitcoin was not traded below the price of $ 360, I called it the key price.
And this year the key price in my opinion is $ 8150.
The price I mentioned, I took for the long term.
I myself when doing trading always see this key price, both short-term and long-term trading.
Because in my opinion when the price of Bitcoin is traded above the key price, I just need to determine the best resistance to sell Bitcoin.
And vice versa when the price of Bitcoin is traded below the key price, I just need to determine the best support for buying Bitcoin.
And we need to know the RSI indicator on March 1, 2016 it was at 55.33% and currently March 1, 2020 RSI was at 55.00% when this post was made.
From there I still assume that the price of Bitcoin is still in a bullish trend, as long as the key price I say is not broken.
Topic: Bitcoin needs to be in a bull market before the halving - page 2. (Read 579 times)
Obviously bitcoin is rising in value, but the price of bitcoin is not rising so fast but I'm quite satisfied with it. From now until the halving begins, I hope Bitcoin's price could reach $ 10,000 again and it will certainly continue to rise thereafter. Invest now as best we can because after halving we will never see this price again.
It has too as that is the best timing, usually when there is an anticipated event, people gets hype on it and that results to a sudden increase of price and we actually have witnessed that this year so far, from $7000, btc went to $10400 as its high this year but recently been struggling, so I think March would be a crucial month to know if there is really a bull run, hopefully the rally will start once again.
precisely this month. we need to look at price developments that occur this month to ensure that bull run will occur. although the price development that occurred at the beginning of the year was pretty good, in fact, the price returned to the current level of $ 8k. however, there hasn't been a price increase since then, so I hope by the end of March, prices will be pushed back upwards. 
It has too as that is the best timing, usually when there is an anticipated event, people gets hype on it and that results to a sudden increase of price and we actually have witnessed that this year so far, from $7000, btc went to $10400 as its high this year but recently been struggling, so I think March would be a crucial month to know if there is really a bull run, hopefully the rally will start once again.
The bottomline here is that, no one is certain what could happen after the halving. Many people are saying that the price would fall becore halving then be bullish after the occurrence of such thing. Then there are also people who believe that that the other way around could happen because of market instability that not because it happened before, same thing could happen again as an outcome. The best thing to do is to just wait and see it for ourselves, invest at this moment and just wait until the price increase to the point that one investor would be satisfied to sell without regrets. Because at the end of the day, the market itself is unpredictable and expectations will remain opinions unless it became a fact (when it actually happen).
I also thought about it, that as the halving event comes closer day by day the price of Bitcoin should have been continuously increasing because of investors and Bitcoin supporters storing the coin in their wallet for a chance to earn a large profit after the event impacts the supply of Bitcoin. But instead, the price of Bitcoin goes into a dump which could mean that a lot of volume of the coin have been sold. Maybe this is only a correction but, if this continues in the next months, we might as well consider securing our assets to avoid loss from our investments.
The current market trend is quite different from the previous halving. And I don't think we need to be in a bullish market before halving to think that we can be in skyrocketing coz if we could recall the last halving, bullish come after the said event and it actually takes months. I'm not opposed to having a Bullrun early this year ( as we all love too) but the market resistance is not really at strong and this is not enough to push the market into high in just a few weeks. And therefore, we can't expect that Bullrun will come to us in the 1st or 2nd quarter...it might be possible in the 3rd quarter but as we know, it all be unpredictable.
bitcoin movement is totally unpredictable, we don't know what will actually happen when halving comes. though there was a "trend" in previous ones, but it doesn't guarantee that we will follow the same performance. crypto is very different, so much changes has been made and note also, that the adoption is growing. i guess crypto users are now more knowledgeable and have learned their lessons in the past. so in general, we have different crypto environment but we still don't know what the future holds for us.
The current market trend is quite different from the previous halving. And I don't think we need to be in a bullish market before halving to think that we can be in skyrocketing coz if we could recall the last halving, bullish come after the said event and it actually takes months. I'm not opposed to having a Bullrun early this year ( as we all love too) but the market resistance is not really at strong and this is not enough to push the market into high in just a few weeks. And therefore, we can't expect that Bullrun will come to us in the 1st or 2nd quarter...it might be possible in the 3rd quarter but as we know, it all be unpredictable.
It doesn't need to do anything but if we catch the halving on a bull that could potentially create some sort of wiggle affect that bitcoin may continue to go up thanks to it as well. I know that sounds unlikely to some people but when bitcoin starts to go up in price and something that will make it go up happens while it is going up usually 99% of the time the going up process goes for longer and longer and the price breaks a new yearly high. That is exactly what happened last year with the price going up but right after having the Libra talks helped it keep going up instead of stopping after a while.
So, the price doesn't have to do anything, it could even go down after the halving or before the halving but if it does end up going up (which I believe it will) we will see a longer bull all the way into the summer as well.
So, the price doesn't have to do anything, it could even go down after the halving or before the halving but if it does end up going up (which I believe it will) we will see a longer bull all the way into the summer as well.
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I am in the minority here but I doubt this year will be bullish, the trend is still bearish, it has been bearish since we were rejected below 14k last summer.
Didn't we move up from 4K? How can this be a bearish trend. I am pretty sure the Bitcoin halving will have a positive effect on the Bitcoin price in the long run. No matter if we move up or down a little right now. Try to look at the bigger picture and don't draw your conclusions from such short time frames. Bitcoin is here to stay and the 20K we saw, wasn't the All-time-High!
Yes, we move up from $4k into $8500, and even we already touch the price at $10k, but this time, we see bitcoin price is at down without we know when it will increase again. If we look at history, bitcoin halving has a positive effect on the price, and that can push the price to increase higher, but we almost get in that halving moment, but the price still getting down. I guess this will be another downtrend before the bitcoin price can rise before or after halving, so we need to be patient for a while, and enjoy the ride
There is always a first time for everything who know's maybe this would be the first halving that wouldn't make the price skyrocket.
But we still got some time so maybe there is still a chance for a bull run to happen, But I am not expecting another ATH right now just a safe spot at 5 digit mark would be great.
But we still got some time so maybe there is still a chance for a bull run to happen, But I am not expecting another ATH right now just a safe spot at 5 digit mark would be great.
Hopefully we'll get into that phase of bitcoin trend before experiencing an awesome pumps. Never expect more than the actual behavior of the market, because price skyrocket can't be predicted accurately. What's happening lately is in contradiction to the speculations that we've heard from different ideas which is arising on different discussions.
There is always a first time for everything who know's maybe this would be the first halving that wouldn't make the price skyrocket.
But we still got some time so maybe there is still a chance for a bull run to happen, But I am not expecting another ATH right now just a safe spot at 5 digit mark would be great.
But we still got some time so maybe there is still a chance for a bull run to happen, But I am not expecting another ATH right now just a safe spot at 5 digit mark would be great.
Bitcoin is still bullish, but today it seems like it's slowly going down and it might hit $8K+ soon.
The 24 hours low per Binance is 9040, that's very close to going down to $8K.
let's see if the price will bounce back, but I still believe its gonna be bullish before the halving, price should be higher than $10K IMO.
The 24 hours low per Binance is 9040, that's very close to going down to $8K.
let's see if the price will bounce back, but I still believe its gonna be bullish before the halving, price should be higher than $10K IMO.
It did hit $8k man, and it seems it still will going down beyond $8.8k, and what I wondering right now is that would it be able to hit back at $9k once again or even at $10k (lucky if it happens, badly need my supposedly money back there lol) within March alone or would it stay still at $8k as it did between $9k and $10k in the last several weeks.
That is true, there is is uptrend going on before halving but not that high, it takes almost a year after halving before it sky rocket.
FOMO is always behind this movement, and dont forget whales traders that swim with the fishes.
Well, before that, the price of bitcoin needs to go back to the price of $ 10,000 first. however, there are only 2 months left before halving arrives. should in March, the price of bitcoin has begun to rise little by little. Well, after the decline to the price of $ 8,600, the current price of bitcoin is gradually rising to $ 9,000. I hope this price increase can reach a price of $ 10,000 again at the beginning of March.FOMO is always behind this movement, and dont forget whales traders that swim with the fishes.
Unfortunately it did fall however, I kinda believe that before this halving arrives probably a 2 weeks before or a week before although it may sound so sudden, people would bring bitcoin back at $10k or even more as it there are so much hype with halving FOMOs surely would trigger this out, IMO.
A lot of burnt people want to get out with minor losses or a little profit. The climb to $20k will not be a straight line.
Yep, that's how bull markets work. They climb a wall of worry, with bear traps the whole way up.
Bears around here claim everyone is bullish and expecting a new ATH but I've been sensing the opposite. Lots of fear and weak handed bulls everywhere I look. I'm amazed people are so bearish but I'm not complaining. This is exactly how early bull markets feel.
https://alternative.me/crypto/fear-and-greed-index/
How much my memory serves me, and according to the official data from CMC price of 1 BTC on January 1, 2016 was around $400, and it stay like that next 5 months until halving. I wouldn't call it bullish, and therefore OP assumption looks like another worthless speculation.
Price growth is realistic to expect after halving, especially in the last quarter of this year, but the new ATH not before 2021.
For those who want to check it out : https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130429&end=20200227
I still have a vague memory of the year 2016 (before halving) and I can remember a significant amount of people calling a Bitcoin crash coming. Remember, 2015 was the worst year from 2013 until today. All my friends have told me to sell my BTC in 2016 but I've done the opposite.Price growth is realistic to expect after halving, especially in the last quarter of this year, but the new ATH not before 2021.
For those who want to check it out : https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130429&end=20200227
I still do not regret my choice. Follow your path if you've started paving it & become deaf to all the news and opinions around you. If you have experience and a good instinct, you'll be more than well.
Just remember that folks.
The Bitcoin market was bullish before the two previous halvings (hence no clear correlation in my humble opinion). But if you believe there is a correlation then it's important to consider other indicators, and not the halving alone.
The Bitcoin market was bullish before the two previous halvings (hence no clear correlation in my humble opinion). But if you believe there is a correlation then it's important to consider other indicators, and not the halving alone.
How much my memory serves me, and according to the official data from CMC price of 1 BTC on January 1, 2016 was around $400, and it stay like that next 5 months until halving. I wouldn't call it bullish, and therefore OP assumption looks like another worthless speculation.
Price growth is realistic to expect after halving, especially in the last quarter of this year, but the new ATH not before 2021.
For those who want to check it out : https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130429&end=20200227
I am in the minority here but I doubt this year will be bullish, the trend is still bearish, it has been bearish since we were rejected below 14k last summer.
Didn't we move up from 4K? How can this be a bearish trend. I am pretty sure the Bitcoin halving will have a positive effect on the Bitcoin price in the long run. No matter if we move up or down a little right now. Try to look at the bigger picture and don't draw your conclusions from such short time frames. Bitcoin is here to stay and the 20K we saw, wasn't the All-time-High!
I might not pay attention to that because my goal is to hold bitcoin until halving is finished. If there is a bear market in March-April, it will be an opportunity for those who want to invest more. however, I am a person who believes that before halving, the price of bitcoin will rise. at the moment the price of bitcoin may go down, but at the beginning of March, I'm pretty sure the price will recover and return to exceed the price of $ 10,000.
Same here bro, I am type of person who used to hold until the halving is done. Because I do believe that after halving and if you take a look for past halving it brings good impact on bitcoins price or we could simply say a bullish trend. But if Bitcoin will drop before the halving then it is good since everyone will have to accumulate more. 
A lot of burnt people want to get out with minor losses or a little profit. The climb to $20k will not be a straight line.
That is true, there is is uptrend going on before halving but not that high, it takes almost a year after halving before it sky rocket.
FOMO is always behind this movement, and dont forget whales traders that swim with the fishes.
Well, before that, the price of bitcoin needs to go back to the price of $ 10,000 first. however, there are only 2 months left before halving arrives. should in March, the price of bitcoin has begun to rise little by little. Well, after the decline to the price of $ 8,600, the current price of bitcoin is gradually rising to $ 9,000. I hope this price increase can reach a price of $ 10,000 again at the beginning of March. FOMO is always behind this movement, and dont forget whales traders that swim with the fishes.
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