if you think 18k btc is low wait until autumn ...

[virasog]

The next Bitcoin halving should take place on April 7, 2024. There are less than five months left before this grand event, which many in the cryptocurrency market are eagerly awaiting. A few months before the halving, whales can arrange a temporary drop in the price of Bitcoin so that weak hands of newcomers dump more and thus the whales can buy up potential cryptocurrency. Therefore, in the near future, I still assume a significant drop in the price of Bitcoin, but not for a long period. Closer to the fall of next year, we should see another cryptocurrency price boom.

Halving helps in the boosting of bitcoins price but everyone is already prepared to take benefit from halving therefore as they achieve their target they will definitely sell their bitcoin which will create another bear market. Bull and bear market is two particularly events of cryptocurrency that both are beneficial but it is upto us that are we making negative or positive use of it.

About future we cannot guess anything but it is normal that sometimes price will drop and sometimes price will increase. Many people have made investment in Bitcoin or still they are buying because of halving. Halving is an essential part so those who become able to buy bitcoin are taking forward step wisely while others who are still waiting that price will goes down and they will then buy bitcoin so they are just wasting their time.

Bitcoin usually follows the four year cycle and every four years, we have bitcoin halving where the bitcoin miner's reward is cut in half and due to this reason, we see new all-time highs and a bull market in the bitcoin price.

It is not a coincidence that we see this price action every four years, in fact the bitcoin is programmed in such a way and if the bitcoin does not reach new highs, the miners may not be interested in mining bitcoins with the same resources but getting half the reward.

The price in factor keeps miners motivated to keep mining the blocks because they get high prices for every bitcoin mined.

[wiss19]

A few months before the halving, whales can arrange a temporary drop in the price of Bitcoin so that weak hands of newcomers dump more and thus the whales can buy up potential cryptocurrency. Therefore, in the near future, I still assume a significant drop in the price of Bitcoin, but not for a long period.

There is no doubt that the whales usually manipulate the prices just for their own gains but I don't think they will be forcing it too much now since they have already been able to fill their bags at around $16k earlier last year unless they decide to take profits around $40k and then decide to buy more lower and start creating FUD and making weak retail investors sell their assets so that the market can take a dump and they can buy more at a lower price.

However, I don't see the price of Bitcoin going anywhere below $30k anymore since we are just a month away from the new year and once the new year starts, the market will probably enter the recovering mode from that point onwards, and the first couple of months will be crucial in that regard.

[kingvirtus09]

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

Why do you expect Bitcoin to fall below 18k these days? I don't think that is possible anymore, because it is obvious that we are now in a bullish trend and we are no longer in a downtrend or bearish season, as it is called.

And for sure, you know that, especially since we are getting close to Bitcoin halving next year, maybe by the beginning of January and February there will be another rally in the market in terms of the price value of Bitcoin, and for sure, the top cryptocurrencies in the market will also follow suit.

[strunberg]

Why do you expect Bitcoin to fall below 18k these days? I don't think that is possible anymore, because it is obvious that we are now in a bullish trend and we are no longer in a downtrend or bearish season, as it is called.

And for sure, you know that, especially since we are getting close to Bitcoin halving next year, maybe by the beginning of January and February there will be another rally in the market in terms of the price value of Bitcoin, and for sure, the top cryptocurrencies in the market will also follow suit.

Sorry bro but it looks like the OP made this thread in 2022 and it's been over a year and a half since he made the thread. So I think there is nothing wrong with his prediction which mentioned that number. Now we are in a bullish season where BTC prices will continue to rise and I am sure we will break new records in 2024.

[wmaurik]

Why do you expect Bitcoin to fall below 18k these days? I don't think that is possible anymore, because it is obvious that we are now in a bullish trend and we are no longer in a downtrend or bearish season, as it is called.

It seems that you also have to be more observant in looking at the date when someone said that, because what the OP said has been going on for more than a year so you can't blame the OP for today just because you forgot to look at the date when the OP said it. Because Bitcoin is always in a different condition this year so it wouldn't make sense if you compared it with Bitcoin's condition last year, especially if it's been more than a year.

And for sure, you know that, especially since we are getting close to Bitcoin halving next year, maybe by the beginning of January and February there will be another rally in the market in terms of the price value of Bitcoin, and for sure, the top cryptocurrencies in the market will also follow suit.

If at that time the OP knew about this, maybe he would have said something more different on this topic, because I see that the OP has not been active for a long time and the last time he was active was on October 12, 2022. This means that we need to address this differently because Market conditions and the price of Bitcoin itself are also very different from what the OP said at that time.