Halving - Do you still believe in the previous pattern?

[bayu7adi]

Someone gave their views on Bitcoin price movements after the halving via their social media account. He is a trading expert from my country and also actively provides signals for paid trading.

The clue he gave on Facebook was like this



https://www.talkimg.com/images/2024/05/10/rxlvl.jpeg
(embedded the image link into talkimg because imgbb apparently had an error when accessed using my PC)

For all of you, is it patent to rely on the price change pattern of previous halvings?

We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?

Source


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[Sim_card]

what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?

I am bad at chart reading and I don't care about the price movement of bitcoin on chart, because I am still accumulating more bitcoin since I just started my bitcoin journey and I don't have enough to make me stop accumulating. What makes me to continue buying more bitcoin and hodli is because I am saving for my future when inflation might be ×100 the normal price. By then bitcoin price would have reached above 500k. That is when I will start selling some coins. The bottom line is that I see bitcoin as safe haven.

[Lucius]

I will say that I hope that the pattern will be repeated, i.e. that the halving will have a positive effect on the price as before. What somewhat disturbed the usual sequence of events was the new ATH before the halving, but there was a good reason for that (spot ETFs), but also the fact that in the last bear market we broke even the ATH from 2017 in a negative sense, of course .

All this only indicates that we must always be prepared for unexpected situations that can significantly disrupt what we consider a logical sequence of events. Therefore, unless something unforeseen happens, I hope that we will again have a big bull run in the near future.