Will the bull market start again?

in Tron Fan Club3 months ago

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Today I will share with you that there is going to be a rally in Bitcoin and that rally will last for a long time or we will see Bitcoin cross 150 thousand dollars. ETF and halving are among the events that have worked to pump Bitcoin so much this year.

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There was a price jump here due to Bitcoin ETF and if you look at all time high, around 90% was pumped after Bitcoin ETF. And then there was the halving of Bitcoin. Recently took a correction and if you think from the bottom, it pumped like 100% for halving. Now why is it so important? The first thing is that the most important thing in the market is supply and demand. Because if the supply of something is equal, say a car company makes a very limited number of cars and the price of the cars is 10 million dollars. The car is so rare that you can't buy it but There are many people in the world who will buy it because it is a matter of supply and demand. If there were 1 lakh or 10 lakh cars of this model in the market, then the same demand would not be found here. If the price of the car was 5 million dollars, maybe everyone would.

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Source

Could buy but since the amount is more limited means the supply is very less so the demand is also very high. You will get it everywhere. You all know about the work of halving, the amount of Bitcoin mining is halved. It means that the selling pressure of ten million dollars in the market will decrease every year. So the supply side is decreasing here but the demand side is increasing here. And Because of this, this event always takes Bitcoin to a new place. But it comes every four years. And seeing these, it is understood that the bull market is going to start again.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

This is very interesting,I can't just Express how estatic am feeling after going through this article

Halving is very near. Very soon we will going to see profits. 2021 was a profitable year. I hope this year will be profitable. Thanks for sharing.

 3 months ago 

It is good to explain the demand and supply matter with the example of car.

Well you have composed a nice piece, personally I believe considering we already broke previous all time high of $69k before the halving occured it means that this bull run would be just great and indeed it would officially start after this April halving.

Halving is near. Very well explained about bull market. Best of luck. Go ahead.

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