By Lujan Odera
Bitcoin is currently on the verge of a mega move in the coming year – whether bullish or bearish – as it sits comfortably on the $8,700 support/resistance level. While the technical and fundamental prospects points to a potential bullish run, given the upcoming block reward halving in May, there remains doubts on whether the retail market will react similar to the two previous halving periods or take a completely different route.
In this debate, two schools of thought take precedence – those who believe a similar bullish run to previous halvings will occur and those who believe the market has matured enough to avoid the euphoria that follows the natural supply decrease.