Another Halving, Another ATH

[gantez]

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

[tranthidung]

Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

Bitcoin halving brought the new bullish period for crypto market. Ethereum is a follower of Bitcoin on the market but it is a leader for altcoins.

• Bitcoin: leader of crypto market.
• Ethereum: leader of altcoin market.

From which, you can expect a blossom of altcoins in coming months. Top altcoins will retest (at least) their 2018 or 2017 ATHs and strong altcoins will make their new all time highs in this year (or next year ?).

It is my speculation, choose one or a few to buy at good entry prices, then hold (for 2017-2018 ATH retest) or new ATHs.

Warnings

• It is only good as investments
• It is not applied for leverage trades, gambling. Your greediness will kill you (by liquidations from exchanges)
• Along the ride of altcoins, you will see many market massacres, with Cascade effects along the journey
• Generally, take care, control your greediness, and good luck

[kotajikikox]

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

But in 2017 altcoins increase after Bitcoin dumps the price but now? bitcoin is still increasing and empowering the market so this is different from the last halving.

but anyway halving is near to come again in 2 years time , if this hype holds by Bitcoin till next year? then i can see something coming very high in this market.

[gantez]

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

But in 2017 altcoins increase after Bitcoin dumps the price but now? bitcoin is still increasing and empowering the market so this is different from the last halving.

but anyway halving is near to come again in 2 years time , if this hype holds by Bitcoin till next year? then i can see something coming very high in this market.

Obviously it is the institutional investors that are making things a little different from the last halving. The price is still up while altccoins looking bull because huge money is still rushed into bitcoin. And by the time daily traders start pulling the little investment to altcoins with the hope of fast profit, we may see another different movement in the cryptocurrency market.

[buwaytress]

Obviously, every halving and cycle won't be mirror images of each other and the way the alt markets react to Bitcoin won't always be exactly the same. Bitcoin holding sway over crypto hasn't changed, and we are already seeing some "solid" alts close to their 2018 peaks but every rally seems to purge out unfeasible coins and give birth to new contenders.

Definitely will see another strong halving event in 3 years amd I think it will see the same for the one after. People do need to be reminded of just how close we are to max supply... Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

[DeathAngel]

64k is nowhere near the top of the current cycle, we’re going to double at least before the start of the next bear market. Alts are riding high now but a big % of profits always go back into bitcoin. Most alts are just used as vehicles to increase bitcoin stashes.

[totaleclipseofthebank]

Many coins, many choices. Halving is the best season for bitcoin and the cryptocurrency to be noticed. I do not know why but every halving always brings bull run. In the first bitcoin havling, we saw bitcoin strike more than 100 times. In the seconds halving, bitcoin climbed from $1000 to $20000 with numerous of altcoins projects. Now, we are in the 3rd bullrun where Defi, NFTs and bitcoin take all the spotlight and surge the whole world during Covid-19

I believe in the next halving, Bitcoin and cryptocurrency will not just increase their price but also become an important part of the commercial. They will probably reshape the current centralized system and make a world the better place

[Lucius]

We may not see another major bull run that will take over from the current ATH of $64,863.10.

If you are already going to compare the halvings from 2016 and the last one from 2020, then at least take into account that ATH in 2017 was achieved only at the end of the year - so if we take that as a reference, then we have at least 8 more months until the end of this year - what end of the bull run are you talking about when he hasn't really even started yet?

Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

Yes, something similar happen with ICOs in the past - people are too naive and have a short-term memory that will cost them dearly again in the end. When I just read how the OP thinks, then I can only conclude that some people have already drawn a thick end, and the game has not yet reached its peak.

[passwordnow]

If that's the thing, we should be expecting more to come by the end of this year. That was the pattern of 2016 halving. Since the next halving happened last year, the effect of the halving compared to 2016, the actual bull run shall be by this end of year. But if this bull run that we have experienced very early, no matter when it is about to happen or if it has happened already, that's inevitable. Bitcoin has to keep up with the effect of the halving and the demand that has rose dramatically.

[Yogee]

...Now we are about a year from the last halving, we have also seen an ATH ,

Don't you think it's too early to call for ATH if you're going to use the same metrics from 2016-2017? BTC was just around $1400 in May 3, 2017 and previous ATH happened seven months later. Market makers today are also different from last time. Institutional investors will sell at some point but I don't think they'll be exiting this early. Maybe not until ETH at $10000 or Doge at $5 hehe.

[buwaytress]

Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

Yes, something similar happen with ICOs in the past - people are too naive and have a short-term memory that will cost them dearly again in the end. When I just read how the OP thinks, then I can only conclude that some people have already drawn a thick end, and the game has not yet reached its peak.

It was pretty crazy in 2017/18, hard not to remember how people were literally talking with glazed-eyes about fantasy castles in the cloud. It's the very same look I see now on them videos of people gushing over just how amazing crypto and "DeFi" are -- these are smart people too, educated obviously, and yet duping themselves into ignoring how unsustainable the Utopias they talk about really are.

Like you said, they've already set their eyes on a strange beautiful horizon that only exists as a cyclical mirage they forgot they've seen before.

[Clement Kaliyar]

Institutional investors will sell at some point but I don't think they'll be exiting this early. Maybe not until ETH at $10000 or Doge at $5 hehe.

I am glad that people are still optimistic about insane rallies in ETH, from $50 after the last crash to above $3000 is a huge rally but if you are expecting the market to explode further it will be too much of wishful thinking. Musk needs his spaceX shuttle and many billions for the price of to Doge to reach a dollar let along further valuation  .

The market depends upon how long the institutional investors are willing to hold their assets and once they start booking their profit we will see the market stumbling down hard.

[seoincorporation]

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

In the past, it looks like the halving and the bump comes hand by hand, but this last halving proves us isn't that way. First, we had the halving and it takes some months for the bump. So, maybe the miner could be involved in the past bump but not in this one. Because we know the big companies like tesla were the ones to send bitcoin price to the moon, and not the miners.

[fadhilz123]

Another halving, another ATH, yes 100% right. If the reward decrease  half so in logically the price should be double too and don't forget that more demand will come in the future so maybe not just double but triple or more, So in the next 4 years later, we will not see the current price of Bitcoin

Halving is a system that makes Bitcoin more scarcity and becomes more valuable

[milewilda]

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

Not really that bad to make out some comparison between the past present and the future but it doesnt mean that it would be precisely happen in the future because if we do consider
the level of adoption and recognition from the past and upto this moment then we can really tell the difference which it would really be an important factor that the thing happened in the past
will happen on the current year and future to come but one things for sure that Halving events does have significant effect on the entire market even though not as general compared to
full adoption talks but it is relevant.

[famososMuertos]

Nowadays, surely now if many are running to buy to sell, or vice versa ... it happens every season with extreme high peaks, some survive others maintain "confidence" but not price (shitcoin)...

In reality, the real winners (alway)are those who have invested money that, regardless of the result en el precio de su Alts entre halving and ATH  they are investing now (anytime) and do not wait 4 years or for the bullish season to happen.

Although if you dedicate yourself to trader any minute of every day is a good time to win and lose, what matters is the ROI in green.

[STT]

My original reckoning in 2019 was that 2020 would not see a price rise initially just consolidation.  What we've seen is ignited by the monetary expansion and special moves in reaction to the lockdown events.   Thats not a normal year or backdrop to predict where does BTC go from here, its hard to predict and we might still be transforming and seeing the results of excess FIAT in its inflationary effects.   Add a year onto your schedule perhaps, its true we go in cycles but I think we have to accept the prior range was incorrect for this new lower dollar value and other currencies.

[Yaunfitda]

64k is nowhere near the top of the current cycle, we’re going to double at least before the start of the next bear market. Alts are riding high now but a big % of profits always go back into bitcoin. Most alts are just used as vehicles to increase bitcoin stashes.

Exactly, altcoins may have good gains in the last month or due and been cutting on bitcoin's dominance. But it doesn't mean that they can sustain that for a long time unless we are in a bear market, which is not. So sooner or later after altcoins dumps again, smart investors are going to shift to bitcoin and another all time high for us this month. Currently, bitcoin went from $58k to $55k now, but there's no need to panic here, just how money are flowing, bitcoin-> altcoin market and then vice versa.

[Fundamentals Of]

This is another attempt to try predict the future price of Bitcoin using the lens of the past halving. I never agreed on this approach. Although there is always a gradual increase in the price of Bitcoin months after the halving, the situations during all the previous halvings are different from the current situation. The adoption in the past was slow and low but today the adoption is fast rising and is growing very high with even the very influential names such as Elon Musk, Michael Saylor, Jack Dorsey, etc are already joining the call for everyone else to get into Bitcoin.

[pooya87]

What are you talking about, there is no halving in near future or near past. We are roughly between the two halvings and ATH prices don't happen on halving, they happen a long time after the halving. For example the bitcoin halving before the previous ATH in 2017 happened in mid 2016. The last halving we had happened mid 2020.
So if anything the new ATH should happen similar to 2017 by the end of 2021!

As for the shitcoin known as ETH, it is not rising at all, in fact it has been dumping ever since 2017 with small dead cat bounces. Back in 2017 when it was pumped this shitcoin reached 0.15BTC and has been dumping consistantly to the point where it lost 94% of its value.
Now that bitcoin is temporarily stable all shitcoins are pumping which is why ETH also went up a little to 0.06BTC which is still 60% dumped.
Shitcoins like this are lucky because when they get dumped against bitcoin 94% but bitcoin price goes up 1770% the shitcoin prices in USD seems like rising while in reality they have been dumping slowly.

It is like when you are on a train and walk in the opposite direction (to the back of the train), when someone looks at you from outside they still see you moving forward in the same direction as the train but in reality you are walking backwards.