Bitcoin Halving 2024: Bullish, Bearish or Priced In?

It's the Bitcoin halving month after waiting for it all this time now there's only two more weeks to go. I see a lot of people are already making their mind that halving will be sell the news event and some are saying it'll be bullish.

it's time to plan the halving before it arrives to be prepared for whatever it is coming up after halving.

This time around halving bear thesis is some astrology signs that decision related to.investments till 20 of April isn't good. So, it's definitely time to make a mind whether it'll be bullish or a bearish event.

The Bitcoin Halving: Bullish, Bearish or Priced in event?

There's only three possible scenarios either it is bullish, bearish or already priced in and mostly people I know are bearish.

It is definitely not priced in yet.

I don't want to be the guy on the edge thinking "this time is different" we have seen financial market especially crypto repeating history.

Getting idea from past, Bitcoin halving was always a bear case like sell the news event.

Things have changed we're in a new paradigm where constant ETFs inflows can save us from miners selling Bitcoins as well as grayscale dumping everyday is something already priced in.

Inflows are slowing down nowadays and it looks alarming but I believe inflows will make highs post halving when Bitcoin will start making headlines again.

For now the chart looks this is: zoom it out.

I believe Bitcoin wants to consolidate in that range under highs and than the breakout will be like when it was at $36k and now the breakout after this consolation will send it to $80k.

Sell in may and walk away is when I'm expecting a crash.

First crash happened after 196days in 2021 and it looks like same playbook for now.

Parabolic Altcoins in Halving?

The only altcoin that's going to be parabolic are "BTC beta's" Bitcoin ordinals Runes upgrade and stacks as well as other forks like Bitcoin Cash.

Investors are already showing more interest in $BCH, $ORDI, $STX and this will become more crowded in coming days.

Runes will be biggest upgrade on Bitcoin by ordinals and I think it will send $ORDI to $200 or higher as of now it's around $70.

Other Altcoins will catch up but the attention those other Alt's getting will drive retailers back into market.

One Reason Why Halving will be Bullish

This crypto market want to make people who left after 2021 back again with more adoption... We haven't seen a cycle like 2021 as of now.. it still feels like a ghost town or the same 10000 people in CT.

Mostly retailers are in loss from that time and my psychological point of view is most of those retailers will be back in profits except one's who bought coins like ADA.

Once they're in profit, not only they'll be back in crypto like 2021 with dreams but there will be plenty of new one's in crypto.

As long as I don't see or hear stories of people who invested in 2021 and their investment are over breakeven price.. this bull cycle isn't going to nuke just to scare them away.

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Wrapping Up...

In the end if this halving turned out bearish and market wide nuke I'd be so broke than I'm now but not using any leverage trading or trading at all, just holding the spot with some stables for the worse case scenario.

Let me know how you've planned this halving and what you're thinking is coming like is it gonna be bullish or bearish? Do share your thoughts in the comments.

fin.

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All the content and images are mine except indicated. No copyright infringement intended. 04/04/2024.

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