BCH and BSV are both surging big time with their halvings 1 month before Bitcoin's
Everyone has been wondering what bitcoin is going to do around it's halving.
We have 2 past halvings to look at for guidance but beyond that we can't really say for sure.
However, we have 2 other somewhat related coins that are roughly a month further along into their halving cycles...
Perhaps we can look to them for some clues?
(Source: https://www.tradingview.com/x/8yOFb4KT/)
BSV has gained 270% while BCH has gained 140% so far this year
Compare that with bitcoin's 40% gain so far this year.
Besides their many differences, both of those coins have their halving roughly 1 month prior to bitcoin's.
Are they potentially a road map of what is to come for bitcoin?
Maybe, maybe not.
BSV in particular was going up for more than just its halving event.
There has been a lot of drama surrounding Craig Wright that has been pushing prices around, mostly in the bullish direction.
However, as it eventually is revealed beyond a shadow of a doubt that he is a fraud, it will likely come crashing down.
Currently there is only a 99.9% chance he is a fraud.
BCH is a slightly different animal...
It's gains are likely more halving-related than BSV's.
Given that context, and the fact that it is up currently 140% this year, bitcoin may have quite a bit to run still over the coming months considering it is "only" up 40% so far this year.
(Source: https://www.tradingview.com/x/xz2se4AV/)
I do still fully expect a pre havlng dip, and then also a post halving dip in bitcoin and probably the rest of the market as well, but that doesn't mean we won't also have a major run-up still before the halving, regardless of any dip.
Overall, I don't think bitcoin will follow BSV and BCH exactly, but I do think their out-performance is good news for bitcoin as it gets closer and closer to its halving.
For more about what I think will happen specifically with bitcoin surrounding its halving, see here:
https://steemit.com/bitcoin/@jrcornel/btc-the-halving-now-roughly-100-days-away-here-s-your-playbook
Overall, everything appears to setup for bitcoin's massive out-performance around its halving to continue again for a 3rd straight time.
Stay informed my friends.
-Doc