Halving Bitcoin only happens once every 4 years, and this is the third time this event is present. In previous halvings, Bitcoin managed to get a pretty good price increase, then many people began to recognize this crypto asset. In addition, the search for halving Bitcoin on Google is quite large, in other words many people are looking for halving Bitcoin.
Therefore, this third halving is worth the wait. Moreover, Bitcoin has experienced various tests such as the price which had dropped badly following the traditional market. The existence of halving makes crypto activists hope to have a good impact on market participants such as for exchanges and traders.
Impact on Exchange Cryptocurrency
"This halving moment is interesting for journalists, observers and other parties. So there will be a lot of news about halving and making others familiar with Bitcoin," explained Nidya Business Development Indodax.
For Indodax, halving and post-halving moments will make the market more crowded than usual. This is because there is a special momentum which is halving where the majority of traders will monitor price movements and can stimulate trance
Not only Nidya from Indodax is optimistic that the impact of Bitcoin halving this year could make the adoption and development of the Bitcoin exchange increase, Sumardi Fung, CEO of Rekeningku.com also believes similarly. According to him, this year's halving is different from the previous halving especially in terms of public attention.
The Impact of Bitcoin Halving for Traders
As people who buy and sell Bitcoin, of course this halving moment becomes interesting for traders because halving can make the price of Bitcoin bullish. Changing the price of Bitcoin during or after halving, can make traders have anticipation and strategize before entering the market to invest.
Douglas Tan, trader and founder of Bullwhales also shared his response about the impact of Bitcoin halving for traders. "With phenomena such as halving, many players in this industry are already anticipating an increase / decrease in prices thereafter.
Traders can take advantage of this period, because volatility will be higher than usual, "he said He also highlighted the issue of heavy adoption when US ETFs were approved, because then old money would easily move a number of its assets, spreading their portfolios to alternative investments such as Bitcoin.
But still have to wait whether the price after halving will go up or down, as is known when halving the price of Bitcoin does not go up immediately, but it takes months to go up. "If what happens after halving is the price drops, or the worst case scenario is the downward spiral, then bad publications will be attached to bitcoin. Where to make further adoption will be delayed until favorable conditions come naturally, "he added
Wicky Zeroski, a professional trader, also argues, "if traders when trading in halving later, they must buy after the breakout has passed the level of 7700-7400 TP 8700-9200, SL 7000,"
He also said that if Bitcoin dxy goes up, Bitcoin investor adoption will actually go down. Because investors / hodlers who hold Bitcoin for a long time will not buy Bitcoin if the price goes up.
"As investors / hodlers they will buy Bitcoin if the price falls to around $ 4,000," he concluded.
