Bitcoin halving is approaching next may. In these days bitcoin is going down probably because of news of coronavirus which is the most talked news since some weeks. The bias remain very bullish: price is bouncing off the stock-to-flow baseline and this is a kind of sign normally long.
The halving event will reduce the supply for each block and for this reason the demand will be more unmatched and this should make the price rise.
It’s very important to notice that during previous bear cycles (followed by bull cycles), bitcoin had the same behavior ahead of halving and before starting a very accelerated bull run that we all remember.
Many institutional investors are silently accumulating this precious asset for the next months to come, because its very important way to store value that will become ever more scarce.
