Bullish forecast: rally may start in May due to the approaching halving of the BTC award

Only three weeks passed in 2019, but the “forecasters” and “analysts” are already actively sharing their views on the prospects for BTC in this new year. On Wednesday, when news came out that CBOE, VanEck and SolidX had withdrawn their request to change the SEC rules, screaming headlines about the collapse of Bitcoin and a possible price of $ 1,000 appeared on social networks.

However, not all analysts hold this view. For example, a crypto trader, known on Twitter as Moon Overlord, shared a bullish vision of the medium-term future leading cryptocurrency:

From a long-term perspective, a number of experts also expect that this event will have a positive impact on the cost of cryptocurrencies. Bobby Lee, co-founder of BTCC and brother Charlie Lee, said that over time, thanks to the following halving, the price of BTC could jump to $ 60,000.

Despite the fact that the findings of Moon Overlord look logical, especially from a fundamental point of view, some other analysts are not sure that the new rally will begin soon.

For example, Murad Makhmudov recently in a series of tweets outlined his vision for the short and medium term future of BTC. He concluded that the leading cryptocurrency could fall to $ 1700-$ 2200 by April.

Although in general this does not contradict the analysis of Moon Overlord, Makhmudov notes that there is a possibility that the current bear market may survive longer than expected by the optimists. Moreover, even if the cryptocurrency depreciates even more, the rally is not 100% guaranteed.