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Bullish run 2

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Even so, this would not be the only head-spinning feature of the crypto markets over the coming months. The buzz around bitcoin’s supply schedule will highlight its unique economics, which in turn should awaken even more investor interest.
If this leads to more inflows at a time when new supply falls, the charts that predict a post-halving rally will turn out to have been right all along.
Then again, narratives can be fickle, and brave is the investor who assumes they’ll hold. They also rarely thrive in isolation – and, let’s face it, there are a lot of things going on out there that can have as great an influence on bitcoin’s price.
Either way, it’s hard to deny that the emergence of forecasting models is a positive step that will help us understand market dynamics and bitcoin’s role in a broader financial market. Sophisticated investors will no doubt both welcome these and treat the underlying assumptions with a healthy dose of skepticism.
Disclosure: the author holds small amounts of bitcoin and ether, with no short positions.
Halved persimmon fruit image by Rodrigo Argenton via Wikimedia Commons
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