Bitcoin (BTC) Halving May Be Non-Event: Warning by Top Traders
Top trader @TraderKoz and seasoned analyst and hedge fund manager Koroush AK expressed similar scepticism about short-term post-halving Bitcoin (BTC) price movements.
'Unpopular opinions' on non-event
While the vast majority of Bitcoin (BTC) holders and traders are fascinated by the potential profits the upcoming halving may bring, some high-level professionals are ready to put some water in the wine. Both traders believe we shouldn't get too excited on the verge of the third reduction of mining rewards.
Unpopular opinion: I think the halvening will be a non-event
— TraderKoz (@TraderKoz) May 4, 2020
TraderKoz foresees the 'non-event' nature of the future halving (or 'halvening'). Koroush AK shares his views on the third Bitcoin (BTC) halving.
Unpopular opinion:
— Koroush AK (@KoroushAK) May 5, 2020
The Halvening holds no weight when it comes to my trading and analysis.
Low sample size event that I have no interest speculating over.
Both professionals admitted that such a sceptical position was 'unpopular' amidst rising pre-halving FOMO. Mr. Koroush AK even highlighted that halvings have a very 'low sample size', so it isn't something worth taking time to speculate about.
Macro analysts agree
As previously reported by U.Today, many top-notch long-term predictions also dismiss the idea that a 'to the moon' pump of the Bitcoin (BTC) price is on the menu after the May 11, 2020 halving. For instance, Michael van de Poppe explained that due to the maturation of the market, 2023 or 2024 looks 'more natural' as the date for the new ATH.
Vladislav SopovCharles Edwards of Capriole Investments predicts that 2024-2025 will be the period of the new Bitcoin (BTC) price high.
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