It’s seems bitcoin has been said to be in the same cycles has we have seen or experienced in a four year run, speaking on the current state of the bitcoin market the bitcoin veteran whom goes by the name Bobby lee whom is also the chief executive officer digital asset market relating it to the next bitcoin halving which projects to happen next year says that we’re finally seeing the signs of, potentially, a spring and getting out of the winter.
It’s been a long time. Crypto has these four-year cycles of bull market [and] bear market. And for a good part of last year, we’ve seen the bear market take Bitcoin down to as low as $16,000. And now we’ve almost recovered a little bit, it’s almost doubled and recently peaked out at $31,000, so it’s quite exciting.
From my view I would say the bitcoin. Halving might have little or no effect on the market sales, as what will really drive market sales in the current traditional financial crisis that’s been faced.
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