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Bitcoin Technical Analysis: Traders Scared Of Halving?! (April 2020)
It seems that a large number of retail traders are actually scared of being long on the market fearing that halving could turn out to be a major bull trap. It is interesting how narrative building works in this market. Traders just crave for a popular opinion in this market whether bullish or bearish and then they follow it absolutely. So, if it is a bullish theory, they think BTC/USD will fly to the moon. If it is a bearish theory, they think it is going to crash into the ground. This is the kind of approach that leads to the majority of retail traders losing money in financial markets.
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