Are we in a bull market because of bitcoin halving? - Bitcoin price hits $8,295

in #bitcoin4 years ago

Bitcoin price made a huge gainer in the last 24 hours, currently trading at $8,295 (+7% in the last 24 hours) according to the price feed on CoinGecko.

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In the last 30 days, bitcoin has been on an uptrend. While some market participants have argued that the bitcoin halving event have already been priced in, there may be speculators looking at some opportunities in the possible high volatility.

Only time will tell, and with only 13 days remaining to the halving event when we see bitcoin mining reward drop from 12.5 BTC to 6.25 BTC

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I think there is a chance we will see Bitcoin at 10.000$ in the next 30 days.

I sure hope we will reach that level. Also, I hope Hive will have another sick run and we will see a 1$ Hive soon. :D

By the look of things in the market and Hive's recent bullish run, it might be safe to say we are in a bullish market

This is what a lot of the crypto analysts are saying right now.

That is a very nice thought indeed. We've havent had a bullish market for quite some time now.

Yes, we are. But how long is this going to last? There's always a pullback after a pre-halvening rally. The fundamentals do not support positive price action shortly after a halvening.

A time of momentum picking for the crypto world generally