The recent Bitcoin price upturn before and after the historic halving event has enlivened the crypto space, reintroducing hopes that Bitcoin could soon rally progressively.
The $10,000 spot looks like a bullish threshold valve to many Bitcoin investors and traders in the market, yet Bitcoin is yet to break out of it.
Similarly, a hedge fund manager, Matt D’Souza, who doubles as the CEO of Blockware Mining and Blockware Solution, has also stated that Bitcoin’s post halving rally will be tremendous.
He explained that for some reasons, if achieved, Bitcoin could likely experience an amazing cycle in 2020/2021.
According to Matt, 2020/2021 has the potential of been an amazing year for Bitcoin. This is achieved, if Bitcoin can maintain its disconnection from US Equities.
Stating the second condition, Matt said for Bitcoin to witness a parabolic rally in 2020/2021, people must continue to treat it as the digital gold. This is irrespective consediring that what Bitcoin critics who are gold maximalist say.
Matt had earlier said that the halving cut, which made over thirty percent of miners shut down their gear, created a more fertile environment for Bitcoin to improve.
He argued that the pioneer digital asset is strong enough to break the $10,000 resistance and would rise to testing the $10,522 price level.
Matt also argued that Bitcoin continues to stand out powerfully, pointing out that both the institutional and retail BTC investors are responsible for the price upsurge.
Nevertheless, Matt averred that sooner or later, the Bitcoin miners will adjust to the new cut and get relieved.
