Will the price of Bitcoin increase further before the halving?
Any Opinion?
Surely.
Soon the Bitcoin halving will occur, although there are some differences regarding the exact time on some sites, but the point is that it will not be long before it happens. And so far, the price of Bitcoin has grown quite significantly. It's just that the price of Bitcoin continues to change according to its fluctuations. After yesterday Bitcoin was more than $52k, currently it is falling in the range of more than $51k. So it's certain that there will still be ups and downs.
Yeah, corrections are very healthy for the long term growth of any asset, when an asset goes up and after a while, it starts coming down, it simply means that those who invested earlier are then taking profit, which also is an opportunity for new investors to enter or open position in that asset as well.
So, the decline in the price of bitcoin is very healthy for its growth going forward, and besides, we should also know that we are not in the bull run season yet, bull run is expected to begin around October this year, and it will run till around March next year, depending on how heavy the run is, and also worthy of note again is that, even in the middle of a bull run, corrections happens from time to time as well, they are healthy and helps on board new investors.