Hi fellow bitcoiners... my question to yall is why do bitcoin bullmarkets happen? I understand that halving events tend to trigger these bull markets then ATH roughly ~18 months out. I know history does not predict the future.. but what really causes this rise?? Is it due to the halving tightening up supply, and as supply tightens up.. natural sellers are cut in half and since the mining difficulty is the same with less rewards.. bitcoin miners need to hold onto bitcoin until price is right to make their mining operations profit from their energy usage? Is there anything else to it?
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