Bitcoin Halving Price Prediction $55,000 - $130,000

[buwaytress]

You think the performance of the last two halving cycles were anomalies. What do you base that off of pure speculation or intuition?

I can't speak personally for the first halving event, but in 2012, when almost 50% of all BTC had already been mined, I always wonder about how big the markets truly were, how distributed, how much the actual volume really was when you took away wash numbers and bots (who had to be super rife in those days). Price had to be a lot easier to manipulate then, so I always take those numbers with a pinch of salt.

Here's a piece of history: the miner, and his gear, that found the block to trigger the first halving event;) :

https://bitcointalk.org/index.php?topic=168342.0

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[thecodebear]

I generally agree with the 55k to 130k prediction. I mean that is a huge range haha, but I'd be very surprised if the peak of the next boom is not in that range. The global economic crisis caused by the pandemic sets everything back a bit I think, because when people have less money to spend that means less money goes into bitcoin. I think we'll probably see the next peak in 2022, basically 2 to 3 years from now. I think there is a small chance it breaches $100k, then in euphoria jumps to like $120k in the days that follow before crashing. But at this point I think its more likely we see mid to high 5 digits as the next peak. I think a little bit of institutional money will flow into Bitcoin during the current market cycle, but it's not gonna follow the price to the peak and then get burned on the crash, it'll get out early in the mid-to-high 5 digits which I think will stall the bull run. For a more narrow prediction I'd say $60k - $90k will be the peak of this market cycle in less than 3 years.

[mahilchii]

I generally agree with the 55k to 130k prediction. I mean that is a huge range haha, but I'd be very surprised if the peak of the next boom is not in that range. The global economic crisis caused by the pandemic sets everything back a bit I think, because when people have less money to spend that means less money goes into bitcoin. I think we'll probably see the next peak in 2022, basically 2 to 3 years from now. I think there is a small chance it breaches $100k, then in euphoria jumps to like $120k in the days that follow before crashing. But at this point I think its more likely we see mid to high 5 digits as the next peak. I think a little bit of institutional money will flow into Bitcoin during the current market cycle, but it's not gonna follow the price to the peak and then get burned on the crash, it'll get out early in the mid-to-high 5 digits which I think will stall the bull run. For a more narrow prediction I'd say $60k - $90k will be the peak of this market cycle in less than 3 years.

Its not a huge range we can call it as beyond the limit, nowadays people's predictions are like blunders they give whatever they want. They are just blindly updating without analysing the market startegy...

I just wanted to let them know how crypto works, it's very simple when there's a demand in coin the price will automatically go up...

[gentlemand]

The global economic crisis caused by the pandemic sets everything back a bit I think, because when people have less money to spend that means less money goes into bitcoin.

Imagine proposing the situation we've ended up in now when this thread was started in November. You'd be accused of being a pisspoor slash fiction hack.

We're either well and truly on the precipice of something cataclysmic or we're going to be dragged back from the edge and spurt some major relief all over the place. I am impressed at how well BTC's price has held up but I also think we're in a bit of a disbelief stage still.  I wouldn't want to make any calls about anything at present.

[Spaffin]

We're either well and truly on the precipice of something cataclysmic or we're going to be dragged back from the edge and spurt some major relief all over the place. I am impressed at how well BTC's price has held up but I also think we're in a bit of a disbelief stage still.  I wouldn't want to make any calls about anything at present.

At its core, the expectations of cryptocurrency users have not changed since November 2019, when this theme was created until today.  There were constant forecasts that Bitcoin would improve its performance in the cryptocurrency market, but no one imagined what was happening around the world today.  Until recently, I very much hoped for another halving of 2020, which would provoke a shortage of Bitcoin in the market, which would lead the entire cryptocurrency market to stable growth, but somehow coronavirus destroys all plans and hopes not only in the cryptocurrency market, but also in relation to  to any business in the world.  but nonetheless, I believe that during the period of deep economic crisis that awaits us in the near future, it is the cryptocurrency market that should become a lifeline for many investors and businessmen.

[thecodebear]

We're either well and truly on the precipice of something cataclysmic or we're going to be dragged back from the edge and spurt some major relief all over the place. I am impressed at how well BTC's price has held up but I also think we're in a bit of a disbelief stage still.  I wouldn't want to make any calls about anything at present.

At its core, the expectations of cryptocurrency users have not changed since November 2019, when this theme was created until today.  There were constant forecasts that Bitcoin would improve its performance in the cryptocurrency market, but no one imagined what was happening around the world today.  Until recently, I very much hoped for another halving of 2020, which would provoke a shortage of Bitcoin in the market, which would lead the entire cryptocurrency market to stable growth, but somehow coronavirus destroys all plans and hopes not only in the cryptocurrency market, but also in relation to  to any business in the world.  but nonetheless, I believe that during the period of deep economic crisis that awaits us in the near future, it is the cryptocurrency market that should become a lifeline for many investors and businessmen.

I mean the halving is still taking place haha, its still gonna cause the same general effect as it would have, which is to limit new supply and therefore put upward pressure on the price in the months and years to come. Its just that the March 12th panic sell and the fact that tons of people aren't gonna have jobs for a while means there is less money in Bitcoin and will be for a while, so likely this market cycle will be extended by the pandemic. For example, hypothetically if we were gonna see the height of the bull market in 2021, maybe we'll see it in 2022 now instead. You are right though that the expectations haven't really changed, just the timeline is likely moved back a bit.