Bitcoin Bull run started?
Bitcoin recent price action excited a lot of crypto enthusiasts. Many went ahead to post numerous views and expert theories on social media trying to predict the Bitcoin price action. Some X accounts are calling this a pre-halving rally. FYI, Bitcoin price action follows a pattern according to many X experts. And, most theories revolve around Bitcoin halving. Bitcoin 'halving' is the term used to denote the halving of rewards to Bitcoin miners. As the rewards to Bitcoin miners halve after about ervey four years, Bitcoin becomes more and more scarce. Selling pressure to Bitcoin price gets reduced, ultimately leading to Bitcoin price rising after halving. There can be only twenty one million Bitcoin. Thus, Bitcoin becomes more and more scarce with every halving. According to many experts, Bitcoin price action is divided into different phases. One expert on X posted a useful infographic 1. Bear 2. Pre-Bull 3. First Bull 4. Second Bull While the above description looks gr...