Bitcoin Bull Market: Halving, Price Surge, and Market Predictions
Key insights
- ⚡️ Bitcoin's bull market officially began in February with a strong monthly increase, surpassing the stock to flow model.
- 📈 Anticipation of breaking the model on the upside after the halving, with two months left until the event.
- 🔄 Bitcoin's halving event affects price with a delay, expecting a rise and bull market in 2024, peaking in 2025.
- 📉 Chart in log scale often misinterpreted, dip before last halving due to March 2020 event, not expecting similar dip again.
- 🚀 Expectation of a more normal and possibly higher next cycle, alongside extreme price pumps and multiple -30% dips.
- ⚠️ Advising to stay calm and not panic amid extreme volatility, RSI indicating high levels and uncertainty about market normalization.
- 📈 Bitcoin price signaling an uptrend, diverging from the 200-week moving average, with realized prices rising, indicating a bull market.
- 💰 5-month moving average serving as strong support for Bitcoin, sellers making profits, and most people in profit at current prices, indicating a bullish market.
Q&A
What does the 5-month moving average suggest for Bitcoin?
The 5-month moving average serves as strong support for Bitcoin in a bull market. Sellers are making profits of over 60%, and most people are in profit at current prices, indicating a bullish market outlook.
How does the Bitcoin price indicate a bull market?
The Bitcoin price indicates an uptrend, diverging from the 200-week moving average, with realized prices rising, signaling a bull market. An RSI above 50 signifies an uptrend, while below 50 signifies a downtrend after the halving.
What are the predictions for the Bitcoin bull market?
Bull market predictions anticipate extreme volatility and advise staying calm and not panicking during market dips. The RSI indicates high levels, and there is uncertainty about market normalization.
What is expected in the next Bitcoin price cycle?
The next cycle is expected to be more normal and possibly higher. A chart predicts a switch to the bull market phase with FOMO and extreme price pumps, alongside multiple -30% dips. The significant ETF inflow is promising for the market.
How does Bitcoin halving affect its price?
Bitcoin halving affects price with a delay, with expectations of a rise and bull market in 2024 and a peak in 2025. The chart is in log scale, often misinterpreted as linear. Before the last halving, there was a dip due to various factors, including the March 2020 event, but a similar dip is not expected again. The low in the last cycle was influenced by factors such as the China ban, mining capacity, and exchange issues.
When did the Bitcoin bull market officially start?
The Bitcoin bull market officially started with a strong monthly increase in February, surpassing the stock to flow model. The price is currently above or at the stock to flow model line, anticipating breaking the model on the upside after the halving, which is two more months away.
- 00:00 Bitcoin bull market officially started with a strong monthly increase in February, surpassing the stock to flow model. Anticipating breaking the model on the upside after the halving. Two more months until the halving.
- 02:16 Bitcoin halving affects price with a delay, expecting rise and bull market in 2024 and peak in 2025. Chart is in log scale, often misinterpreted. There was a dip before the last halving due to various factors.
- 04:36 The next cycle is expected to be more normal and possibly higher. A chart predicts a switch to the bull market phase with FOMO and extreme price pumps, alongside multiple -30% dips. ETF inflow is significant.
- 06:51 Bull market predictions, extreme volatility expected, advice to stay calm and not panic, RSI indicates high levels, uncertainty about market normalization.
- 09:07 Bitcoin price indicates an uptrend, diverging from 200-week moving average, with realized prices rising, signaling a bull market.
- 11:23 The 5-month moving average suggests a strong support for Bitcoin, sellers are making profits, and most people are in profit at current prices, indicating a bullish market.