Bitcoin Forum

Today bitcoin started the week reaching at $65,000 a near former all time high price, and this new stabilized bitcoin 65k price indices make alot of presumptions and many bitcoin price speculators are in bullish mode to state an obviously possible reality that bitcoin may break the former all time high price (ATH) of $69,000+ previous record before the bitcoin halving cycle to occure.

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

The more reason is that people have waited until 2024/2025 which they think would be the bull period and we are in 2024 already. The bitcoin ETF that United States SEC approved is also part of the reasons for the bull run. The greed has increased significantly and people are just holding.

I think bitcoin might reach all-time-high before halving.

Spot ETFs are not part of the reason, but actually the main reason why the price is rising. If you look at the amount of BTC they buy every day and if we consider that in less than two months they bought a little less than 350 000 BTC, then it is clear that the law of supply and demand is at work. It is true that many are now waiting for their exit point, and I am sure that the price of $100 000 when it is reached will very likely be the trigger for many to sell.

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Maybe I'm wrong, but the pre-halving effect has never had such a strong influence on the price, and I don't know why it's hard for people to accept the real truth? It seems to me that many still do not understand the difference between futures BTC ETFs and spot ETFs, but the difference is astronomical in terms of price impact.

ETFS for sure.

i feel that these two things are the main reasons why the price of bitcoin could push to $66k usd. because some time ago several etf providers tried to increase the number of bitcoins in their hands, so this made many investors interested in being able to buy more bitcoins predicting that the price would continue to rise. and coupled with the pre-halving, it makes more investors quite positive about wanting to have more bitcoin in their hands.

now we just need to wait to see whether there is a price correction or not. because if there is a correction, maybe the price of bitcoin will fall by several percent.

I think i would predict that the ATH would happen before the halving event, though i might turn out to be wrong on that, but with the way the price is rising so fast, there is every indication that it would happen before the halving.

Having said that, as for a "benchmark" before the next halving, i would say Bitcoin price might be around the range of $68,000-$70,000 before the halving happens, because the spot ETF's are really causing the price to move up very fast, and it does not look like it is going to slow down anytime soon.

Bitcoin even crossed $67k and reached $67400 today and if this continues we may even see a new ATH in couple of hours or a day which seemed impossible 6 months ago. I think it will surely happen before the halving and this will send more positive waves across the market I mean buy signals as people will be speculating Bitcoin to hit $100k and once previous ATH is breached people will get more confidence and more money will start flowing in as those who had doubt whether it's a bull run or not will also enter the market. 

Since this is not the first time we will be having the bitcoin all time high experience before the halving, we may not conclude on the ETF spot bitcoin approval as the reason for this, however, from the other approach, we can still make use of this as part of the reasons for having such experience in the bitcoin market, afterall, there's an increasing rate on bitcoin adoption and the use case of the bitcoin market price under this same decentralized network.

Even if it fails to reach ATH before the halving, it doesn't matter. It surpassed $67,500 today, just a tad away from 2021's ATH of $69,000. Such price differences are extremely insignificant at this price range; it's just a matter of typicalities.

I honestly never expected Bitcoin to almost surpass the previous ATH within such a short timeframe. On previous speculation threads, a large number of users, including myself, couldn't imagine seeing a new ATH anywhere before late 2024 or early 2025. It seems like everything happened so fast. I was projecting an average price of $50,000 until March or April; it seemed unrealistic to expect something larger than that. Well, I couldn't be more wrong.

I'm curious, though: what's making Bitcoin surge so fast? Is it the upcoming halving, the ETF approval, or possibly both? Even if that's the case, how do you explain such tremendous growth on such short notice?

In this case I still go with the halving as the main reason for this bull run. We don't have EFT before and yet we always break our all time high and then established a new one. Thanks for the info, I thought that this is the first time that we have seen this kind of run, but as you have said, this is the second time so maybe I was not yet here. Anyhow, the next bench mark is obviously $100k as a conservative estimates for this cycle. And then there are speculators who pushes for $180k or higher as the top price. So let's wait for the halving, this is going to be huge bull run and hopefully we are all ready for it and have accumulate as much as we can.

This same forecast that ATH will be before the halving see the process of going up to the top too fast just need a little more bitcoin will be ATH maybe 1 or 2 days this is very possible right?

I saw the news a few days ago there were experts saying that the ETF approved it could be the benchmark why the price went up, then Blackrock has poured their funds 2.5% into the bitcoin market whether this is true or not that's what we see from the news some others.

But quite optimistic that ATH will definitely be before the halving.

with the rate of its takeoff, i think we will go beyond the ATH before halving. it's just unsure when the correction may happen. if it does happen after halving, we are really seeing the most peculiar event in crypto. i could compare it to what happened recently when the ETF was approved and then the price dips.

i think it's the ETF effect and at the same time, it's likely the mix of investors speculating how much BTC will be after halving. there is already a FOMO because of this.

Likely.

I am not even thinking what's going to happen before the halving because we'll definitely pass that moment. What I am thinking is after it, if the impact of it will be much greater. We're too happy to see that prior to halving with the help of ETF, we're seeing close to the past ATH.

And if you're imagining what's going on right now. Aren't you more excited to what's about to come and just let the halving past so that we can see higher ATH after this halving?

If it's the former ATH, it will happen.

Moreover, until next year which follows the pattern of the 4-year cycle.

Most likely ETF? I don't think pre-halving had this much of an influence in the market before. Similar effects were only ever seen afaik after the halving itself, at a period of half a year to a year after it. Maybe the ETF and pre-halving had such a synergistic effect towards each other hence why the effect bubbled up so much.

Used to think a couple of weeks back we'd only be expecting ATH after the halving, but now at its current pace? With it being at $67k as I write this, I don't think there's much to question about it anymore. Definitely going to see a new ATH even before halving happens.

What I will say is bought played its role, with the ETF coming the hype was already there since before the approval it self as people already speculated that big investors who will be coming into bitcoin will accumulate more and it was there time to get it at a discount price so many started accumulating that’s why even a fake news of ETF approval caused a price spike. Now the pre halving played is role also as many even the ETF approved entities look towards the after halving period as the most speculated time that bull run happens, so they try to accumulate more this pre halving period as it was seeing as the time to get a discount price also. So both of these events have combine to cause this unpredictable surge of bitcoin price

Definitely the ETF effects. The pre-halving effects will not be as effective as this. If you can recall fast, immediately the ETF was approved, the price went down which shows that of it is able to take price down, it can also take it up drastically. So, that is what is happening now. It can also be true to say that both Halving and ETF is have combined effects on the bitcoin price increase?

Bitcoin's price right now is just a little more than a couple hundreds shy of its previous ATH. I think it isn't anymore just a possibility that a new ATH will be reached before the halving. It is certainty already. The halving is still more than a month away. A new ATH will possibly be registered minutes or hours from now.

What do you mean this is the second time in Bitcoin history that a new ATH is reached shortly before the halving? When was the first time? I checked the charts and since the first halving in 2012 the pattern has always been that a new ATH will take place more than a year after the halving.

Anyway, this is mainly brought by the ETF, which was also interpreted as a signal by both retail and institutional investors. The halving effect is not yet priced in.

I believe most people use this history to predict the price of Bitcoin today whereas some people expect that we will see a new all-time high before the Bitcoin block halving, not during the Bitcoin block halving or after the Bitcoin block halving.

To me, this is mostly the bitcoin ETF doing this. We all knew for years that a bitcoin ETF would make it so easy for people to buy bitcoins and I believe this is causing a shortage of available coins.

The other thing is, and I have always noticed this is that bitcoin holders are die hard holders and are all just mostly holding. Since it takes time to get the coins on the exchange to sell them, people will also not rush into selling them quickly and will hold them while the price keeps rising.

There is a serious supply issue caused by the ETFs.

Either way, I'm glad I purchased my 2 bitcoins for 21K each in 2022, it was not an easy buy at that time as I thought 10K was possible, especially since I was down so much in the stock market at that time, but I knew it made sense to buy bitcoin when it was down so much from the highs.

its the after effect of the ETF we all know sooner or later the money will be eventually flowing in and its about billions of money. right now bitcoin has successfully reached the mark of $68k and eventually we will see and even greater heights.
the thing with current chart is that it seemed to show that maybe bitcoin gonna really reach $100k at some point because we are not even reaching the event of halving yet and the history of bullish chart is that we've shown that after halving the price is increasing, slow but sure.
if the current chart still follow that pattern then definitely we gonna see $100k per BTC eventually in the future and thats definitely gonna be awesome and when that followed by the sudden emerge of altcoin season then that means we will be seeing some massive increase in the future for various coin even right now meme coin already surging like 10x and thats already awesome enough considering some of the meme coin are already having billions of market capitalization so that rise in price is definitely no joke.
if meme coin can do that you can imagine what gonna be happening towards bitcoin considering all the money institutions are coming into bitcoin this time around.

We both had the same speculation. When Bitcoin got to 52k, I felt it would linger around that range till the halving, I was so wrong. I'm really surprised Bitcoin is pumping this much, it's been a while since this kind of thing happened with Bitcoin. I'm happy about this anyway.
If the bull run continues till 2025, then the people who speculated a new ATH of $200k may not be wrong, at this rate, BTC will get to $100k this year.
I believe BTC will get to $70k this week and see a new ATH.


I think it's both the ETF and the upcoming halving. ETF has created a lot of awareness for Bitcoin in its way and a lot of people are buying because of the fear of missing out. With the Bitcoin price constantly increasing, I believe the demand for Bitcoin will keep increasing and that will in turn keep pushing the price up.

Bitcoin and its volatility have once again gone way farther than what my abilities of prediction can foresee, we were close to get a new ATH but were rejected close to it, however after a drop to 66k the price once again went up.

At this point it is difficult to know what it may happen, is there enough buying pressure to surpass the psychological barrier the ATH represents? The answer to that question will decide everything, however taking into account how fast the market has been moving and how excited the community is about it, it seems entirely possible we may see a new ATH before the end of the week.

What I can say here is that the market is purely dancing to the decisions of speculators, that's the psychology of it in a situation like this. Initially, in 2023, the mood of the year next to halving was the cause of the market's initial excitement in my opinion. This often brings FOMO, so that people will not miss the opportunity of striking the market from a low level. This however initiated bullish candlesticks on the yearly chart in 2023 and the subsequent bullish price action on the monthly chart helped further. Still, Bitcoin wouldn't have achieved this great performance if not for the ETF fillings that brought about high FOMO in the market and helped Bitcoin to breach important resistance levels on virtually all trading strategies on the higher timeframes.

This later causes the market to be bullish in the long-term trend. In this condition, any bearish movements can only be interpreted as a retracement/correction of the long-term disposition. This would get to a point where the whole sentiment of the market would be extremely bullish and volatility would set in. This is what is happening now in Bitcoin.

Above all, this reaction is speculative rather than being initiated by any economic factor like ETF. But of course, the halving expectation is one of the reasons why sentiment remains positive now. This is called the pre-halving effect and it happens depending on the long-term trend of the market, which is bullish in bullish in the case of Bitcoin.

I already wrote a lot in the previous post regarding your question, but it's still hard for me to understand that people are so surprised that the price of BTC is rising, which only shows that they don't understand what's actually happening in the background. From the moment the spot ETFs were approved until today, these same funds have bought about 350 000 BTC and that simply has to have an impact on the price, and the halving is just a secondary thing that hasn't happened yet and probably won't show any effects in the first months after it happens.

We have new players in the game, and they are powerful, and have more money under their control than many countries in the world. Given that we have been preparing for this moment for years, it is really strange that many are surprised that the price of BTC is rising before the halving, which will become more and more irrelevant as time goes on.

From the look on how the price of bitcoin is skyrocketing, the price might price the previous ATH by the end of next week. This is because if you look at the price movement for two weeks ago, it has being going up in a way that it is unimaginable. I believe that, it is the approval of bitcoin ETF that is causing the pump, because last year before the approval of bitcoin ETF this year January, it was everywhere and most investors knows that once the ETF is approved, bitcoin price will skyrocket making it to pass the previous ATH, but no one expected to see this before the halving. We might see a price of 70k before the halving.

The Bitcoin market has been crazy in the last 4 months. Back in October 2023, the price was around 27K USD and now the price is 66,8K USD
I can't imagine Bitcoin being so close to a new ATH before the halving. I was expecting a new ATH several months after the 2024 halving. I guess that the ETFs approvals and the pre-halving hype are both contributing for the creation of the current FOMO phase. Bear in mind that such big price pumps are usually followed by big price corrections. I'm expecting a price crash several weeks before the halving. So far, 2024 has been extremely bullish for Bitcoin, but the bears on the market might have the opportunity to enjoy a big price crash.

I also remember discussing it a few weeks before the ETF approval on another thread, and a while later, we mentioned how the ETF approval hasn't had any major surges in price. With that being said, I understand why it has skyrocketed now; however, just two months ago, the price was below $40,000, and now we're heading towards a new ATH. It seems like things are moving too fast, and I was certainly not speculating that this would happen in such a short timeframe.

On the other hand, I'm a little disappointed, because accumulating now is a lot harder than it was a few months ago, but anyway, there's no point in whining. I'm just a little surprised, as it all happened so fast.

In recent days, I've been observing the wild ride of Bitcoin. With the upcoming April 2024 halving event, Bitcoin's bull runs are gaining momentum. Many traders are expected to join the new spot ETFs market. The global influence of cryptocurrency is clear. Those are thinking about investing, now's the time to start. Newcomers are essentially buying from those who are already making a profit. Bitcoin has surged past $68,600 and seems poised to reach a new all-time high. It'll be interesting to see what happens by the end of the month. I'm feeling optimistic; we might see a new record-breaking price.

The surge in rise of bitcoin price as we are experiencing is not basically due to the halving but ETF. No doubt there could be a 30% effect from the halving circle but an 70% is resulting from the ETF, something of a double stimulant . Before the approval, a lot of persons had always thought that the effect of the  ETF approval was going to be felt on bitcoin price  immediately it got approved but when it wasn't doing anything to the price of bitcoin as at when they had expected owing to it's approval people's expectations started lowering but as time may have it we are feeling the effect today and it's possible that an ATH might be met before the halving as the price  momentum is already showing the signs.

exactly as you said, it is true that this has happened before also meaning it happened earlier before the halving and the market volume/cap (24 hours) was
5.76% is quite good and it looks like preparations are now heading towards the 70K mark.

I think it's difficult to predict with certainty. yes. we just have to wait for the market response where more and more people will come to buy BTC, whether from ordinary buyers, large financial institutions or other companies, so it will be easy for us to read and measure market interest and Bitcoin price movements as a consideration for our investment before the halving comes. within the next 47 days.

I do agree that it is not something we could really guess or see, it is not something that will take time. I believe that the best thing to do in this case would be just letting the market do its magic and we could just make sure that we are dealing with it later on. If you just buy and hold, then you are going to end up with a greater result one way or another.

I hope that it gets to a point where we could make some money from it, but that will take some time so we should be able to wait for it. There are some people who say they can wait for it, and then they end up with not waiting for it which results with horrible results, so make sure that you are capable of keeping your money for months, otherwise you may end up losing money.

Once called a prediction, there will be right and wrong and mostly wrong because we don't have a crystal ball to know anything about the future. I was also steadfast in my opinion that history would repeat itself and there would be no way for bitcoin to make a new ATH before the halving but I was also wrong. And as I go through what happened this time, I see more and more that a long-term investment approach is always the best approach when it comes to bitcoin. Because no one can predict or know in advance what will happen, everything is always a surprise that we never thought of.

I think the impact of the ETF is bigger because in previous years we also had halvings, but bitcoin has never increased strongly and created an ATH before the halving. But this time with the presence of ETFs, things are changing.

After years in a bear market and waiting for positive news, we who have been with Bitcoin for a long time really shouldn't be upset because Bitcoin is more expensive today than it was 2 months or 2 years ago - we had more than enough time to buy at prices even below $20 000, not to mention how long we've been below the $40 000 level.

You should always look at things from a more positive angle, because let's say everything you accumulated during the last 2 years is worth up to 4 times more and that's a great thing if we know what interest rates are in banks and how much inflation was during that period. Also, everything you buy today will probably be worth twice as much this year - which is certainly a good reason to be optimistic.

This is something a lot of people take for granted. Bitcoin offers so much more and people are not taking advantage of it. Bitcoin makes it much easier for people to have an investment. It's actually one of the best forms of long-term investments. With Bitcoin, it can be a savings and also an investment. Imagine saving a percentage of your earnings every month for the next 4 years.

It's advisable for people to take advantage of the next bear market and buy BTC at lower prices. Knowing BTC it would be very difficult to predict how low it would get this time around but I believe if everything stays normal it won't get lower than $20k this time around.

Yes, we are going to see that happening considering the pace at Bitcoin's price is moving forward, and I believe we are going to see a significantly higher price than the previous all-time high before the halving event because we are still about more than 40 days behind the halving event.

First, we thought Bitcoin wasn't going to cross $40k so quickly, but it did. Then we thought there was no way it was going to cross $50k this soon, but it did it again. Now, we were not at all expecting it to cross $60k even before the halving but it did and went around $69k and I'm pretty sure that it is going to cross that as well pretty soon, and then the next target for it would be 80k before the halving. It has been a crazy run, this time around.

Basically yes, and yes, both the pre halving and ETF has contributed to this pump. Most probably, the ETF may have higher contributions to this pump because pre halving was not known to make a run that gets us closer to the most recent ATH, it usually comes from the post halving where the peak of the bullrun happens after several months after the halving and it happened of 3 consecutive halvings already.
The bitcoin spot ETF approval does really made an impact but it was very short that it looks like it didn't make any impact in the market at all, not until almost 2 months after it was being approved. We also can't deny the fact that the bitcoin halving have ignited the pump even more, so I cannot tell whether or not there's a huge difference between ETF vs the halving's (like the 70-30 you mentioned) impact to the market today. Nevertheless, it doesn't really matter who contributed the most, what's more important is we'll be seeing another ATH a lot greater than $69k sooner. 

I'm not sure if upset is the right word here, but we had plenty of time and opportunities to acquire more Bitcoin. The bear market lasted quite long, with prices even below $20,000 that lasted months. Opportunities were endless, but unfortunately, I wasn't in the best situation to purchase and stuck to signature campaign earnings. I guess you're right about my approach; the truth is that with an average purchase price of $29,000, I've more than doubled my money and will possibly even triple it in the near future.

The only thing I'm missing is earning more than 3 mBTC per week. Due to the lower value, accumulation was a lot faster than it is now, but that's okay.

I think if bitcoin reaches a new ATH before the halving this will be the first because in 2017 and 2021 bitcoin reached ATH when it was past the halving period, if this happens will there be a very high mass increase, I mean there will be a lot of money flowing in the crypto market.

if you happened to MISSED THE 2 DAYS MARKET CHART i will share here for you


that is what CoinmarketCapitalization recorded 2 days ago  meaning what you are talking
here have already happened and yeah we have broken the record of having ATH before halving .

Right now there is a lot of money entering and flowing into the crypto market due to the increase in Bitcoin prices which makes almost everyone really want to buy Bitcoin with the money they have. I also think that Bitcoin could make a new ATH before the halving occurs and this is a very extraordinary thing for Bitcoin this year which will also be a new history that has never happened before in Bitcoin. Because this year Bitcoin only needs to be at $69,500 to set a new ATH before the halving time arrives.

Everyone can get into specific life situations where some other things prevent them from doing what they really want in life, but it's good if such things are transient and we can return to our daily routines. I personally had some ideas regarding this bull run that would include some somewhat crazy moves that would allow me to invest a slightly larger amount of BTC that I would keep for at least two years and then sell since I don't pay taxes then - but still I gave up at the last minute because I don't want to gamble with things that simply shouldn't be gambled on.

You always have a chance to add a little extra income, you just need to try to be a little more active in some other places ;)

I think at this point, with the relevant cash flow one can effortlessly invest in bitcoin regardless of how long he intend to keep his holdings, since we already have a background understanding that bitcoin is better off with time, which means the longer you hold bitcoin the better it gets since it supply keep getting limited and scarce at certain blocks size which assured investors and increasing rewards.

I bet I will jump on getting more bitcoin if I have the chances to, because it far more better and safer than every other form of investments lately.

Take example those that bought bitcoin below 20k or even $30k there are already in 2x profit's in less than 1 year timeframe, so I support any ability to buy more bitcoin and hodle for long.

Bitcoin is certainly a great choice for long-term investment - that's because of its potential to grow in price. But maybe you need to realize that the price of bitcoin will not always be high, there are times when the cycle will make the price go down. You need to have a good plan about when to buy and hold and when you should sell - essentially you need to plan when to take advantage of it.

After all – you don't have to imagine things like what happened in the past. Prices could rise 2x to 4x from now - but could also fall lower than expected. Nothing is certain so no matter how great the potential – you still have to consider the risks too.

I actually second your suggestion and I think even the OP himself knows that, bitcoin long term investment is not only about just holding till eternity but also applying the strategy of taking profits from the investment. The whales that actually we see not taking profits also do have targets of a long term to take profits too. Holding of bitcoin also involves the ability to sale at the right time. A clear example was when bitcoin broke the ATH it immediately had a very flash dump which signifies many have placed a withdrawal at that point. This people might be waiting again for may be a dump to get into the market back again. So when people talk of long term holding they definitely have plans of selling

If you are doing it only for profit, then the right moment is also a very important factor. It is true that those who bought one or two years ago have already profited today, but the truth is that those who bought during the last bull run may have just had the opportunity to return what they invested, not to mention that they practically haven't yet made no profit.

It is ideal to invest when the price is at the bottom, and then wait for a big bull run to achieve maximum profit - but a lot of people don't even think of buying BTC when the price is in the red because they don't want to wait for years to earn something.

I would say that it is a good financial move to invest part of your regular monthly income in BTC, especially if such an investment is long-term. Of course, you should always keep in mind that such an investment is risky, not only because the price of BTC is volatile, but also because our investment is lurking with other risks that we should be aware of.

When you wrote this post, bitcoin had not yet reached its new all-time high, which broke the previous ATH set in November 2021. The bitcoin market's performance and entry into a bullish mode prior to the halving, as well as the market's new all-time high prior to the halving, provide a strong indication of the impact of the spot Bitcoin ETF on the market. People are holding, and no one wants to sell for a loss. Everyone claims to be smart and not miss out on the large profit that awaits them. Bitcoin has yet to break the $69K resistance; when it does, I believe it will rise above $75K before the halving takes place.

Everything is being frontrun clearly by now:
1) ETF narrative: This was a sell the news event but then the mass buying started, I think nobody predicted so much of an inflow activity and they were expecting the GBTC exodus to dwarf actual demand thus creating another dip but it went 2x instead
2) The halving: The 4 year cycle is still at play, but due the ETF, it is being accelerated at an insane pace. Is this sustainable? we shall see. Who knows, maybe it's the first time ever that we do get an ATH before the halving BUT also the first time we crash below the ATH, so we have to remain vigilant. In my opnion one should be invested anyway just in case it just keeps going higher and there are no more chances to get it below current prices.

I think the market will remain overall bullish unless there is a recession that crashes the sp500, or unless there is some newer drama with BTC being banned at the wallet level, or something with miners, something like that which im sure will come sooner or later.

Of course - every bitcoin investor has a plan to sell regardless of whether they want to sell everything or just get their capital back while keeping their profits in bitcoin. Selling at a high price is the plan of all investors in general - but the average experienced investor probably has no plans to sell all of his holding because they really hope for bitcoin's huge long-term potential.

If I have 150 btc that I bought with a budget of $3.75M at an average price of $25K per bitcoin - then it makes sense to sell 54.34 btc to secure the capital budget now instead of hold it all in bitcoin. I will leave profits in bitcoin that I will maintain in the long term without fear of losing my main capital budget again.

ETF effects are long term and halvening is a diminishing effect but also is mostly an impact over time not just an event.   Both of them are probably something applying over a year or more like vice being wound not an explosive change like some might hope.  Obviously the market jumps around and tries to guess ahead, we are positive no doubt but outside of speculation the actual changes are over time and year plus also.

An event that is highly anticipated because this is a good sign because, as you said, it is the first thing that ATH occurs before the halving period, hoping that there will be a significant increase.

https://i.ibb.co/Cn98Txc/BTC-11032024.png

I believe it is an initial surprise to be able to provide an ATH in 2025 that is higher than in 2021.
Hopefully, that sign will come with $100K being reached by the end of this year, making it easier to raise again.

We barely broke the 70k level, however the correction has been so mild so far, I expect for the bulls to make another attempt to try to break that level once again and firmly establish the price of bitcoin above that level.

But if we are honest, going above the previous ATH is not really that impresive, as almost all the forum members expected for this to happen, the surprising thing during this cycle is the speed at which this is happening, since the halving has not taken place yet and a new ATH has been reached already.

That's right, even though there is a lot of drama and fud that we will see which will make us emotional and stressed, we don't need to rush to conclusions about the market because I think the market correction will one day be able to make prices rise even higher, which if Market capitalization continues to increase and will definitely create new things. record high.

Regarding price, many people believe that after the halving the price of bitcoin will rise where the market will decide which is the ideal bitcoin price.

It wasn’t surprising because the hype that would drive the whole trend was spotted right from the long term. If you look at the whole of last year it was overall a bullish year which wasn’t the case for other previous year to the bitcoin halving year. The most obvious reason was when the hype was at its peak in the end of 2023 which base on past trends was supposed to be a bearish period but ETF saga pumped the market and it continue until it’s approval this year. Some investors like myself were expecting a heavy correction then especially with the $50k price broken but it was just a day correction. After That I was definitely expecting ATH before halving

Well alot os happening with bitcoin price already after Bitcoin have broken the last bitcoin all time high price,  which is a significant milestone achievement for this season and as a pro bitcoin halven gift for it holders,  Bitcoin have consistently continue to push toward and uptrend market arena until the halving when we may see a real bull run that will take the market and investors by surprise.

This time around,  bitcoin may double it all time high price and at some point even going close to somewhere around $200k before the end of the year 2024.

But what surprises us all is the rate or how fast it happened, never we have seen this kind of run before the halving and that's what majority of us didn't expect. But it happened and now it's hard to stop and it could go as high as we want maybe $80k before the halving itself.

Of course there will be some correction, there is no such thing as parabolic growth, but we have seen it already and so I think it will still continue and it will be massive once we go pass the halving next month. So my only advise is to brace ourselves for a huge bull run this year and the following year.

The current price of Bitcoin is certainly high, which could make it challenging to delay a bull run until after the halving.  Investor sentiment would need to stay very positive for a long time to accumulate enough capital to fuel a significant price increase.  There will likely be price drops along the way, and the bull run could end unexpectedly like the last one, potentially causing losses for even wealthy investors.

With the bullish sentiments surrounding in this market, no doubt the price is now at the 70k level and still rising. I have the feeling there are so many newcomers trying to get a hold of some satoshis thinking that it will skyrocket very soon. But knowing this market, one should be very cautious of what they are jumping onto especially if they don't know the market well.


There is a roller-coaster ride in this market because of the high volatility of the crypto market. The contributing factors are combination of various sources. And so we can't pinpoint the major factors influencing the market.

I think it is still possible to accumulate even in the bull run, obvious our profits is not that big if we have accumulate much earlier. But if the end goal is to make profits then I will advise everyone to still continue to DCA no matter what the price is. If there is a correction before the halving then good, if the price continue after the halving then still just stack sats.

ETF though, I read before that the effect is already price in, but where are we right now? New all time high again and again. So we have so many speculations about the ETF but I think we are now just feeling the effect and it could really be one factor why the price is soaring high, because institutional money is flowing in.

Doesn't the speculation about the future activity of Spot ETF affects this current demand in the Bitcoin market?  Spot ETF might not have given a huge volume in terms of purchase but the psychological effect of the speculation made by the hype greatly influence the market.


Or another trigger for the price to explode further since reaching $100k can even hype the market due to having a new milestone achievement by Bitcoin market.  We know how crazy the Bitcoin market is, it often performs things that we are not expecting.

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I agree, we never had witnessed a pre-halving ATH breaking activity of Bitcoin, this is the first time if I am not mistaken.  We often experience that surge some months after the Bitcoin halving, and often times the Bitcoin market movement during pre-halving is sideway, so this current market activity of Bitcoin is really something else, as if the gear is set to its maximum, making me think how crazy would be the price of Bitcoin after the halving.

I think it's quite obvious about now, the ETF approval has done quite the job of bringing new money into bitcoin and fast, they are sure behind the price surge and bitcoin has broken its normal historical record of reaching a new ATH after halving but this time it happened so differently and yeah you can see recent consolidation around 73k to 70k and I think some investors that bought at 35k are already cashing out profits or most persons are expecting a prehalving dip, but from what you have said the ETF approval would have a more lasting effect on bitcoin and might bring us into a new ear of market steam where we might rarely have very long bulls and bears after this one cause if they continue buying from the current supply it would continue to lump the bitcoin price and the halving news is just to create a tension for people not to sell too early cause of the hype of halving and what it does to the price but what has happened so far is all ETF

So we hit an alltime high.

I believe in ETF a “different” ½ ing it is more like a 35-42% drop not 49-51% drop.

Lastly no covid which helps supply chain allowing many miners and good supply chain.