Bitcoin likely won't recover until 2025

[uneng]

Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".

Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.

The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.

Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?

He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.

Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says

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1715277960

[romero121]

In comparison with the previous bull market of the year 2017 he have predicted the market. No one knows how the market movement takes place. As per the ongoing market moves there is very minimal chance for a massive bear market. However the reasons indicated have got the ability to make the market bearish as well as bullish.

Over the previous year the market experienced its ATH when I the entire world is suffering out of pandemic. In specific when the world market is in the decline, cryptomarket boomed. This time the pandemic and the political war urge between different nations are causing decline in the market. What the co-founder of huobi said have begun to happen with today's price decline reaching down to $37500.

[South Park]

Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".

Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.

The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.

Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?

He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.

Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says

It is undeniable that such a thing is a strong possibility, however at the same time times change and this means that just because something happened in the past it does not mean that we are going to see a repetition of this in the future, the pandemic has changed the world whether we like it or not, and it is unlikely the world will go back to the way it was, this awakened a lot of people especially when it comes to the power the governments have of printing money, and once you realize that there is no going back and looking for an alternative will always be on the back of their minds, and bitcoin will be there to fulfill that demand.

[LFC_Bitcoin]

If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.

[tabas]

If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.

[carlfebz2]

If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.

Luckily we havent able to have that very long bear market not like into those old years where we do suffer out on very bear market but we know that a market wont really stay up for that long.

As we do able to hit that ATH on last years for 2x which it do able to get as high as 60k+ and now we are playing around 38k even though its a bit low compared on last but

lets be wise on taking out some actions basing on the condition if you are really aiming for short term profits.

[OgNasty]

Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".

Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.

The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.

Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?

He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.

Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says

Not a bad take.  I think the 4-year cycle will be less and less of a thing going forward (but still existent to some point) as it has become clear that derivatives are playing a much larger role as time passes.  It seems likely that the manipulation and game playing with these derivatives is how big market players intend to profit in the future and the actual real price of Bitcoin will become less and less guided by market factors and more and more susceptible to the manipulation of market makers. 

So while it is possible that we'll see a long slide downward for a couple years followed by another boom, I think the rise will be far less than previous cycles on a % basis and far more dictated by Wall Street than actual Bitcoin users. 

[crzy]

If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.

This is the scene of bitcoin following the movement of bitcoin. The halving of 2017 actually did a real bear down to $3500 and now price is going bear that nobody knows how bear it can go but I see things differently because things have changed and adoption of bitcoin and legalization may change the bear speculation.

We are still on a cycle but on a different price level so me might see another bear market if bad news continues to happen, we all know the effect of war issues with Bitcoin we are all affected by this. Bitcoin most likely will experience another turbulence and hopefully he can able to survive on this to avoid any big drop again. The pump can still happen this year, let’s not lose our hope for this one.

[hatshepsut93]

IMO the previous pattern has already been broken. Not only did the magnitude of price movements changed, we also witnessed the first bull cycle with a double top and a 50% correction in between those tops. Anything can happen from now on, including resumed bull run in this or next year. But I agree that the next halvening will spark another bull run after it will happen.

[tabas]

If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.

Luckily we havent able to have that very long bear market not like into those old years where we do suffer out on very bear market but we know that a market wont really stay up for that long.

As we do able to hit that ATH on last years for 2x which it do able to get as high as 60k+ and now we are playing around 38k even though its a bit low compared on last but

lets be wise on taking out some actions basing on the condition if you are really aiming for short term profits.

Yeah, it is what I'm hoping that it won't be the same. But as the cycles have been the same, it's likely that we might be getting into a longer bear this time. Even it might happen, we're still higher than the last bear market and these all time lows are better to see this time compared in the past. As it stays on $37k-$38k, the analyses that I've read is that if it goes below $30k once again, that would give a sort of confirmation that we're entering the bear market. Another thought of mine even if we enter at that range just like the last time, what if bitcoin starts to recover again so quick up to the next ATH?

[serjent05]

Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".

Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.

The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.

Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?

He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.

Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says

It is possibly because Huobi co-founder is following the 4-year cycle of Bitcoin which had happened 3 times since its creation.  Looking at its pattern, it is logical to say that Bitcoin will have its Bull Market again by the year 2025 but of course, there are chances that Bitcoin price will surge every now and then but I am also inclined to the prediction that Bitcoin will have its Bull market after its halving.

[STT]

The next Halvening is very likely in 2024 which means 2025 is on the far end of bearish expectations, cant say its wrong but I dont especially accept the reasoning for why they think BTC is challenged.  I believe dollar is more challenged and will continue to weaken.

  When people say suck they do realize the price is massively higher this year then just 18 months ago.   Its still generally ok, if we mean disappointment of no immediate gains suck then yea, its inevitable this must occur.   Some people purely hold BTC just to capture the gains then they sell, this process goes in cycles and we will do nothing for a while, maybe a year maybe two but I think 2025 is over doing it.   We will accumulate some gains before then, if nothing else ordinary currency is constantly being diluted so dollar 2025 will not resemble the current dollar.

[Vaskiy]

If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.

This is the scene of bitcoin following the movement of bitcoin. The halving of 2017 actually did a real bear down to $3500 and now price is going bear that nobody knows how bear it can go but I see things differently because things have changed and adoption of bitcoin and legalization may change the bear speculation.

We can't have a comparison of price relating the previous cycle, because what we had in the previous cycle is entirely different. During those days marketcap varies massive with the present day's and so is the userbase. By that time people feared to discuss about bitcoin and now it is open to everyone. More countries are into legalizing of bitcoin. So, we can expect a bear market but not as that of the 2017 price.

[sheenshane]

I can't make any decision yet but IMO, it's still unpredictable.

Bitcoin price has been proved that it will increase without knowing us and no one even predicted last year Bitcoin has been reached two times ATH.
So what crystal ball has been used by the co-founder of the Houbi exchange platform that he was able to predict the Bitcoin price?
It seems he makes this noise to become a popular one or for seeking attention.

[GreatArkansas]

Glad to see some threads about this, always looking on another side, not always "UP ONLY" post/threads.

So for me, I am also favored with OP, block halving cycle is already proven since before or start of the block halving, we saw a lot of changes in price actions over the time, there are always ups and downs, bear markets or bull markets which for me it is normal, especially we are still on early days of Bitcoin, it is more healthy for me.

[adaseb]

Yeah so he says that now after crypto already lost 50% of its price. Where was he back in November when people were questioning is it going to top at $100K or $250K?

Same with many stocks. They are down 80% from their peak, however last summer when Peleton or Zoom peaked nobody assumed it was the top, they just assumed they would go up forever. And now everything thinks a bear market will start, it already started months ago. A bottom might be around the corner.

[cabron]

Its statements like this that come from a well-known CEO make people see how true what's coming in the market is. And panick sets in. It's really going to be disappointing for someone who will dump thier coins in the loss while the price goes back up. Looking at the charts we are very close to the bottom. In fact we bounced already.

Maybe keep some stablecoin ready for the withdrawal but keep some BTC in your personal wallet. I wouldn't recommend dumping everything you have going to bank accounts because we see how banks freeze accounts.

[Wexnident]

I don't think we'd still follow the same pattern? Besides, wasn't the 2017 depression mostly due to how it was such a huge bubble? The dump we had right now can be kind of unexpected since those always comes whenever the market hits a new high, but it's kinda doubtful whether it'd go down to a lower level than what we have right now. Nothing happening might be the worst scenario I can assume, just steady movement till probably idk, half a year to a year. Won't deny though that the period after halving brings about new peaks for Bitcoin.

[kotajikikox]

Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".

Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.

The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.

Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?

He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.

Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says

Well the halving will be happening in 2024 , meaning this will be in take effect at 2025 so basically the expectation will be in 2025  bull run.

but of course things may change in different direction because there are countries that coming inside here and there , either adoption or acceptance but at least there are views we can see in the future .

[traderethereum]

If that's the prediction and it happens, we don't need to panic and can only prepare ourselves by trying to get profit for profit from now on so that if it really happens, we can buy lots of coins at the most basic price.
But I don't really think about it because if it is related to the halving, the remaining bitcoins, then the possibility is that the bitcoin price can still be above $35k or, at worst, maybe around $30k-$35k or it should stay at $33k-$40k but I don't know.
But hopefully, the price can stay in this price range and don't drop so deep that it can bounce back to $40k.
I think it can make our profit, especially if the price is always like that so we can profit many times.