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RE: Bitcoin tends to make new highs shortly after its block reward halving!

in #bitcoin5 years ago

"expect the peak of this next bullish phase to happen somewhere around May of 2021!" - This is the date we need to look out for!!!

History tends to repeat in financial markets, usually because people understand it, and this might be one of those situations, because the helving event is a very significant event and will be the most impactful until now, for the reason you mentioned. ("first time in bitcoin's history that its annual inflation rate will be lower than that of the USD.").

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Yep, agreed. I am not sure if it is just coincidence that prices tend to reach their peaks about a year after the halving event, but it has happened both times prior. Hoping to ride that trend over the next 2 years!

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