Not What We Expected We were expecting Bitcoin ETF to go from $50K to $70K if Bitcoin ETF was approved but instead it hit a high of $48969. Since then, the price of Bitcoin has started to slide downwards. Currently, the price of Bitcoin is hovering around $42700. But I think it is unlikely that the price of Bitcoin will go up. Since the bitcoin ETF approval did not increase the price of bitcoin as we expected, do you think the price of bitcoin will increase after the halving?
Their was actually a very high possibility that it will go higher. And the estimation between 50-70 is correct because the market is just waiting for something to trigger it for does that are yet to buy the window is still open because if the price starts going up then the price will be the challenge for acquiring bitcoin. Since the price now is around 42900.
Their is now way that the price of bitcoin will not go up. During halving it won't increase but after halving their are higher chances that bitcoin will increase in price. Continue holding till when a good profit is made.
Thanks for your valuable discussion. We are seeing the Bitcoin market move to the bare bottom. At the moment the Bitcoin market was down to $40683 but it is not sure whether it will go down further. No matter how dumping the market is, there is nothing for us to do because I have no money to invest right now. If I had any money to invest right now I would invest and hold because bitcoin halving is not long time soon bitcoin will halve and after halving bitcoin price will go up. I am still very optimistic as I am currently investing in the DCA method.
