So much has happened in just a short amount of time. With the global shake up, it's not always easy to keep up with events outside the material world.
In case you haven't been keeping up with Crypto news, a lot has been going on in that world too.
I hesitate to write about BTC with too much hope and you better believe this isn't meant as any kind of trading advice.
After all, crypto has had its share of tragedies since that first block was mined. All the mishaps on exchanges, hacks, and even current events so close to home serve as good reminder that the tables can turn quickly.
Moving ahead with prudence, past events shouldn't prevent us from seeing the bigger picture as it currently stands.
So let's go over the facts of the past few months and how they might have a positive affect on the value of Bitcoin.
#1 Bitcoin Showed Resiliency Through The Pandemic
This is a good place to start. Let's keep in mind that by now, the whole world knows about Bitcoin whether they hodl any or not. The events of 2017 made certain of that.
After the world shut down, stock markets plunged and BTC went right with them. But it was Bitcoin that showed the V movement some economists were hoping to see in the stock market.
After falling to under $5,000, BTC jumped right back up to the 9,900 mark. It hasn't completely returned to the $10,400 value it was pushing, but we can't deny the huge V seen in the screenshots from Coinbase below.
#2 A Move Away From Cash Fiat
This may not be something that is having an affect on the value of BTC right now, but it may come in to play as time marches on. Or perhaps it is having an affect. To my knowledge, there hasn't been much in crypto news covering the subject.
Whether we agree with it or not, people are now scared of things that pass germs and cash is high on the list. I'm willing to bet that fact alone has turned more than one person's thoughts back to the value of cryptocurrency.
#3 The Halving
Following the timeline of events, the halving is next up on the list. Plenty of folk in the cryptosphere disagree whether the halving will help increase the value of BTC or not.
As the argument persists, only time may tell if the reduced block value is an influence. Which brings us to the next point. How are miners doing now that the BTC block reward has been halved?
#4 @Criptoar Explains It Well!! Miners Are Falling Short In The Short Run
If you didn't see this article, it's an excellent read. Criptoar explains the relationship between miners' block rewards and the pressure on them to sell BTC.
What does it mean that miners aren't mining enough blocks to cover expenses? I'll leave it to you to jump over and read his work. It's very interesting indeed.
#5 Investors Have Changed
To be sure, there are still plenty of investors opening long positions in the futures market. Many of those positions, however, busted on a black swan event when BTC fell low so fast.
As it stands, reports suggest a much larger amount of retail and institutional investors entering the market. That bodes well for an increase in the value of BTC.
The article below is a week old:
#6 The 7th Golden Cross
I'm no expert on reading charts but it's not tough to correlate rare events and BTC bull trends. What's a Golden Cross? In the history of BTC the 7th one just occurred. It happens when two long term moving averages cross each other.
Read more about the Golden Cross event below:
https://cointelegraph.com/news/bitcoin-price-drop-mirrors-last-golden-cross-which-led-to-170-gains
#7 Hodl Is Happening In Full Force
What does that mean? It means hodlers of large and medium quantities of Bitcoin are moving their assets off of exchanges and into hard wallets. They're not planning on selling any time too soon.
Another article by Cointelegraph explains a metric that has to do with what 
https://cointelegraph.com/news/the-last-time-this-happened-bitcoin-surged-from-3-150-to-14-000/amp
What Are Your Thoughts? Please Add Any Personal Observations Or Other Factors I May Have Missed In The Comments Below
Thanks for reading and as always....
Happy Hiveing
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