Bitcoin 2024 halving less than 1 year away

[gaston castano]

Based on the estimate from bitcoinblockhalf.com, the 2024 halving will be end of April with other estimates calculating it as beginning of April, even as early as March.

While not getting too bogged down in the timing which is dependant on whether there continues to be hash rate growth (to bring it forward) or not, when do you think the bull market will start?

The last halving was in May 2020 and arguably the bull market started a few months after this, as instead there was consolidation around $9K for several months, whereas in 2016 the bull market more or less started immediately after the July halving, or even arguably around 6 months beforehand as price had already increased over 100% from the lows without a significant correction.

I also remember in 2019 many were anticipating that price would increase in the 6 months leading up to the halving similar to 2016, which started to happen at the beginning of 2020 until the Covid crash occurred, hence instead price took several months to recover, although was slightly higher than it was 6 months prior to halving at around $7K, but not before re-visiting $4K.

I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...

My prediction is that when the halving has occurred, there will likely be an increase in the price of bitcoin because the reward from mining has decreased.
then over the next few months the price will fluctuate.
and in the following year there will be a new increase in ATH.
at least the cycle is always like that.

[Bitcoin2009]

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

[Texac]

I have a mindset that when the game gets too simple, people will easily predict the market will go up, and bitcoin will hit ATH after the halving.  then we will all sell bitcoins for profit, so who will buy those bitcoins for us?  I'm not surprised that most people vote that the bull run will start after the halving and only 1 vote that there will be no bull market.  this is the financial market and where the sharks are trying to get our money, so when things get too predictable, I don't think that will happen anymore. i still expect history to repeat itself, but I still don't rule out the possibility that everything will be turned upside down and the game will be reset.

[Oceat]

I have a mindset that when the game gets too simple, people will easily predict the market will go up, and bitcoin will hit ATH after the halving.

Nah, no, that's not how the market works if you really know the history of Bitcoin you will know that it takes time before it hits the ATH just like in the last bull run. I think it takes a year or so before it touches the final ATH and to think that there's no definite final answer to when is the ATH will hit depends on the market.

One thing that I know is if there's a FOMO, people will usually buy more that will cause the market to pump and if there's a panic then people will start to sell that will cause the market to drop.

[_BlackStar]

After 2022 the bitcoin price is in bearish phase, the possibility of bullrun has been count starting from entering 2023. The process of gradual price recovery until now may have entered the bullrun category - but in my opinion it is still in the recovery stage. We still have many stages to go before expecting a bigger bullrun in the months ahead, but I tend to agree that bullrun is more likely to be expected after halving than before halving.

There is no certainty - but it is expected that the market will continue to recover and move forward even if correction and consolidation are still possible. Yesterday the price still retest the $29k resistance, but it failed.

[kesmex]

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

can't wait to see if the price action of Bitcoin before the halving and after the halving will be the same as in 2020-2021 or not,
if it's the same then you can be sure what you said about $150k might be achieved,
but if can't reach $50k first in 2024 it will be difficult to repeat history again.

[Andrija Branislav]

I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...

Now Bitcoin (BTC) is moving in a downward flow. Yes, will this moment be a party changer in the future as the Halving plays such an important role. However, if you look at halving, it is only one of the factors that affect the price of Bitcoin and is not the only determining factor. analyze market trends to form the best judgment although historical patterns show that bull markets usually start several months after a halving event.

[Inspiron14]

I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...

Now Bitcoin (BTC) is moving in a downward flow. Yes, will this moment be a party changer in the future as the Halving plays such an important role. However, if you look at halving, it is only one of the factors that affect the price of Bitcoin and is not the only determining factor. analyze market trends to form the best judgment although historical patterns show that bull markets usually start several months after a halving event.

Bitcoin is currently experiencing a decline but support at $ 25k to $ 26k in my opinion is still strong,
so there is a possibility that this is a correction to reach an increase again, moreover the good news for the crypto market is getting more intense,
the last one is about the legality of Bitcoin in China, and yes it's a breath of fresh air for the market.
I believe the 2024 halving will be another bullish point for the Bitcoin and crypto market.

[Ngemmeng]

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

can't wait to see if the price action of Bitcoin before the halving and after the halving will be the same as in 2020-2021 or not,
if it's the same then you can be sure what you said about $150k might be achieved,
but if can't reach $50k first in 2024 it will be difficult to repeat history again.

normally every bullish the price of bitcoin will reach 3x higher than the previous ATH, can be seen from ATH 2017 which is $ 20k and ATH 2021 is around $ 65k. I also predict that the bitcoin price in the next bullish will not be less than $150k ,but it will likely be much higher than that due to the drastically increased bitcoin users and wider adoption.

[Tony116]

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

can't wait to see if the price action of Bitcoin before the halving and after the halving will be the same as in 2020-2021 or not,
if it's the same then you can be sure what you said about $150k might be achieved,
but if can't reach $50k first in 2024 it will be difficult to repeat history again.

normally every bullish the price of bitcoin will reach 3x higher than the previous ATH, can be seen from ATH 2017 which is $ 20k and ATH 2021 is around $ 65k. I also predict that the bitcoin price in the next bullish will not be less than $150k ,but it will likely be much higher than that due to the drastically increased bitcoin users and wider adoption.

Not really, that depends on the market cap of bitcoin. In previous cycles, bitcoin had a small cap, so it easily went up thousands of percent, but we can see bitcoin getting bigger and smaller and its returns getting smaller and smaller. So I'm unsure if bitcoin can hit $150k in the next bull run. That is also the reason more and more people do not want to invest in bitcoin, they look to altcoins with the desire to earn more profits. The bigger the Bitcoin, the more secure it is but conversely it will reduce the volatility of bitcoin.

[Wong Gendheng]

The potential for Bull Run and makes a new ATH very large in 2024 when Halving occurs, as we know that Halving will make many people panic to buy because the mining amount is reduced by 50%, this will make an increase in demand and automatically increase in significant price increases .

[Baofeng]

The potential for Bull Run and makes a new ATH very large in 2024 when Halving occurs, as we know that Halving will make many people panic to buy because the mining amount is reduced by 50%, this will make an increase in demand and automatically increase in significant price increases .

Lol, what do you mean panic to buy, if we are looking for the bull run or at least the catalyst for it, it will be the block halving. However, to maximized this activity, you should have been buying Bitcoin since the bear market, that's where you should start accumulating. I know it's a long process and it takes a lot of mental toughness to do that, but that's how investors become rich here.

And so that they won't panic buying when we are about in a bull run. You should start as I have said, in the bear market.

Still not late though, we have a year before the block halving, so that is 12 months of hard grind weekly or monthly saving of bitcoin in your wallet done through DCA.

[livingfree]

The potential for Bull Run and makes a new ATH very large in 2024 when Halving occurs, as we know that Halving will make many people panic to buy because the mining amount is reduced by 50%, this will make an increase in demand and automatically increase in significant price increases .

And that's how many of them will keep on panicking if they do that approach when the halving occurred already.

The same approach being done time and time again, they don't do it when the market is on a bearish term and will just have to do it when there's already the action.

Not a good strategy that's proven for so many years as they might caught up on the ATH and that might be the time that they'll start buying instead of when it's low.

[TelolettOm]

My prediction is that when the halving has occurred, there will likely be an increase in the price of bitcoin because the reward from mining has decreased.
then over the next few months the price will fluctuate.
and in the following year there will be a new increase in ATH.
at least the cycle is always like that.

It is not your prediction but it is the fact that often happens related to Bitcoin halving. 
In theory, the price increases because Bitcoin circulating supply will decrease during the halving process. So, we have a bigger demand, it exactly triggers the price to increase significantly. Well, it is a common theory that people often said: supply-demand on economic theory related to price movement. You must be familiar with that theory, right?

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

People do panic buying because they don't want to miss the chance to earn profits. The hype of bullish season makes people optimistic to buy more after halving. Everyone understands that halving is a sign of the green market season.

Even if the price reaches $50k in Q4 of this year, it doesn't automatically achieve $150k in 2024 or 2025. We must be careful if there is bad news coming, it may ruin the bullish season. So, the price can't increase as expected.

[Silberman]

The potential for Bull Run and makes a new ATH very large in 2024 when Halving occurs, as we know that Halving will make many people panic to buy because the mining amount is reduced by 50%, this will make an increase in demand and automatically increase in significant price increases .

And that's how many of them will keep on panicking if they do that approach when the halving occurred already.

The same approach being done time and time again, they don't do it when the market is on a bearish term and will just have to do it when there's already the action.

Not a good strategy that's proven for so many years as they might caught up on the ATH and that might be the time that they'll start buying instead of when it's low.

It is a bad strategy but it is one that will always be used by those which are not very competent investors, after all what they are looking is for a sure thing, they want to buy an asset and be completely sure they will earn money, so they delay their entry for as long as possible, not realizing this attitude is precisely what it will prevent them to reach the success they are looking for, as if they bought bitcoin when it was cheap and they were willing to hold their coins during the turbulent times, then the profits they could get would be immense, unfortunately they are unable to look at things from this perspective, which is why they refuse implement a strategy like this.

[fuguebtc]

The potential for Bull Run and makes a new ATH very large in 2024 when Halving occurs, as we know that Halving will make many people panic to buy because the mining amount is reduced by 50%, this will make an increase in demand and automatically increase in significant price increases .

And that's how many of them will keep on panicking if they do that approach when the halving occurred already.

The same approach being done time and time again, they don't do it when the market is on a bearish term and will just have to do it when there's already the action.

Not a good strategy that's proven for so many years as they might caught up on the ATH and that might be the time that they'll start buying instead of when it's low.

It is a bad strategy but it is one that will always be used by those which are not very competent investors, after all what they are looking is for a sure thing, they want to buy an asset and be completely sure they will earn money, so they delay their entry for as long as possible, not realizing this attitude is precisely what it will prevent them to reach the success they are looking for, as if they bought bitcoin when it was cheap and they were willing to hold their coins during the turbulent times, then the profits they could get would be immense, unfortunately they are unable to look at things from this perspective, which is why they refuse implement a strategy like this.

It's a bad strategy, and I think the idea comes from people who want to get rich quickly. Maybe they will make a small profit, but they can also lose a lot if they invest according to that strategy. But that has nothing to do with us, the real investors. On the contrary, we should thank them because they contributed to the excitement of the market at that time, or maybe they were the liquidity for us to take profits. The marketplace is a battleground, so we should focus on our investments, not bothering about what others think and do.

[Mario Yamasaki]

Halving has happened several times and it has been proven that it can pump, the first time I experienced a halving was in June 2016, at that time the price could skyrocket to almost 200% compared to the price 3 months before the halving, and our hope is of course that in 2024 the price will soon touch $100k, so that makes investors more optimistic about the future of bitcoin.

[GeorgeJohn]

Bull run is normal before halving, but it is not going to be strong enough, which would be followed by bear market again. That is what that happened recently when bitcoin got to $31000. Maybe the price of bitcoin will increase, but I am still thinking that it would decreased up to $20000 before halving which will indicate a strong buy before halving which might not make bitcoin to still be more than $30000. Halving will come and the real all-time-high bull market will become reality.

You know that increment of Bitcoin is not measurable, and as it stands now bitcoin price ratios of bitcoins doesn't have determination it either increase now and get low next minute, it's not surprising to see bitcoin in this particular point, the price is not stable it fluctuate in the market, so, what that will determine the increment of bitcoins is when the demands is above the supply

[asrinur]

In my opinion, a new bull run market will start after the next halving event takes place. If you follow a four-year cycle, the next halving will take place in 2024. As we know, the last halving occurred in May 2020. Only then, in 2021, did Bitcoin set an all-time high above the $68k price level.

[Silberman]

Halving has happened several times and it has been proven that it can pump, the first time I experienced a halving was in June 2016, at that time the price could skyrocket to almost 200% compared to the price 3 months before the halving, and our hope is of course that in 2024 the price will soon touch $100k, so that makes investors more optimistic about the future of bitcoin.

I think it could take quite some time before bitcoin goes up in value and reaches 100k, after all this is not like the early days in which the price of bitcoin was so low that a little bit of money was needed to make the price skyrocket, now the market cap is very high already and the amount of money needed to make it rise is enormous, so we need to give it time, still I have little doubts that this is a price which could be reached during the next bull run.