The respected "Looposhi" cryptographic commentator states that Bitcoin has reached the best time to buy

Bitcoin is going through a historical trend right now, and the Twitter commentator Looposhi has a lot to say about it. Looposhi, who has 54,000 followers, has examined what has led to the halving that is currently occurring. While less experienced investors in this situation are panicking, Looposhi said this is a great opportunity for newcomers to buy the token at a lower price.

So far, there have been only two situations for Bitcoin that have resulted in halving, but Looposhi's attention remains on the pre-2016 situation that leads to the halving of price action. About 550 days before halving, which ultimately occurred on July 9th^th, 2016, the market fund was found, as Bitcoin fell to a range between $ 200 and $ 300, for a duration of approximately seven months. However, it was this long period that immediately preceded a surprising success, which occurred about seven months after the end of 2016.

Currently, the 2018 bear market recalls the 2014-2015 market commentator, based only on the market structure and price action. However, unlike that time, it was not a sudden and catastrophic catalyst to cause it. In 2014-2015, there was a correction of 85%, while the current market is about 82.5%. These similar numbers have many investors who believe the market is about to approach its bottom.

Looposhi has posted an image on Twitter to reflect on the similarities and how next year the Bitcoin fund will go before it reaches the upside that the rest of the market was waiting for. Based on these calculations, halving should take place in the first half of 2020.

Halving changes more problems in the industry, such as the loss of mining premiums. However, as the market balances, these bonuses will offset each other. The temporary loss will leave the miners down for a short time, which previously caused concern for a "death spiral".

Billy Bambrough has imitated these observations, speaking with Forbes about the May dynamics of this year. He wrote,

"While the price of Bitcoin has risen a bit before both subsequent halving, the price has continued to swell over the next 12 months."

However, as far as the cryptography market is concerned, price forecasts have largely varied with little history to show correctly what will happen. If nothing else, this year has shown that investing in cryptocurrency is something to be cautious about.