Well this is some what tricky because Claiming a Market to be Bullish/Bearish depends upon on the perspective and it is not fixed.
I am saying this market to be bearish now because Bitcoin has went below the 200 Day Moving Average for the first time in a long time.
Even though it has tried to break this moving average, It has gone back below the 200 MA again.
This is the reason that I think this halving event is different from the previous two halving events which turned out to be Bullish.
Apart from this,
The On-Chain Data Analyst Willy Woo has also claimed that this Halving event is starting to turn bearish.
Recently the Bitcoin price has dropped below $8200 failing to maintain the support level.
Despite being a Bitcoin Bull Willy woo has predicted a bearish short term price action for Bitcoin.
These words coming from a Bitcoin Perma Bull has affected the sentiment of the market significantly and also some are supporting this analysis while some are against it.!
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