From all indications, there is every possibility that bull run likely happened before the halving. The bitcoin ATH touched above $70k before the halving occurred, and since then, there has been a drastic decline in the bitcoin price to this moment, and it might likely continue. Is this the possibility of a bear market approaching?
On a normal, it is always expected that after halving, the price of bitcoin plummets to a new price which should occur but here it is obvious that the reverse is the case. The thoughts of bitcoin price increasing have been dashed by the sudden decline in price. Another question that comes to my mind is this, is it because of the forth coming US Presidential election that results to this sudden price drop in bitcoin?
Although there are other factors that could have warranted this sudden price decline but when it comes to the US national activities such as the elections, it kind of likely affects the crypto market just like it happened the last general election and there is every possibility of it repeating itself again this time.