A new ATH before halving. Is it possible?

[ShowOff]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

It could be possible but only if the demand gets higher over time. $69k is not far from its current price, so anything is still possible as there is a lot of time left until the halving. I'm not optimistic because I tend to believe that history will repeat itself, but nothing is impossible, right?

The gap between the current price and the previous ATH is $17k, but to get the price back to $69k the market really needs billions of dollars. In the process, the price will gradually rise and perhaps we will not realize that there is enough money flowing into the market to make bitcoin break $52k. Wait patiently, that is the most realistic for the holder at the moment.

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[BenCodie]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

Yes, it's possible. The market usually does what people least expect. Historically, there has been a major correction following an uptrend pre-halving. We are seeing the uptrend, some people (including myself) are expecting a major correction to shake out retailers and leveraged traders, though it may not go that way...this might be the beginning. Institutional money is here...and they might just be greedy enough to start moving Bitcoin to all-time highs prior to what when everyone else is expecting. 20% is also a large gain for them, so they may sell too...for the short tern, who knows, only time will tell.

[RewFrew]

Ever since its creation, Bitcoin's ATH is reached after the halving, more than a year after the halving to be more precise. There have been three halvings so far. This kind of pattern is true to all of them.

But I'm becoming curious this time around. The price has already reached $52,000 and we are still 2 months away from the halving. Bitcoin's ATH was reached on November 10, 2021. 2 months prior to that, the price was only around $46,000. From $52,000, it only took a month for Bitcoin to reach an ATH of $69,000.

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

Yes i think possible. Now Bitcoin price increasing gradually. And i think it is impact of ETF and future Halving programme. I think Bitcoin price now will increase more and more because investors know that wten halving will happen then bitcoin price will increase there has no doubt. Previous halving telling that. So i think Bitcoin price will hit new ATH before halving. Till now Bitcoin ATH was $69k. And i believe it will cross this ATH and will creat new ATH before halving.

[Davidvictorson]

I would have said it isn’t possible a few months ago, but this latest rise puts an all time high at any moment on the table. Even when Bitcoin was hitting it’s all time high last time there was virtually no stoppage between $69K and $50K. I can’t say when the move for the all time high will happen, but I know that when it does it will be quick.

Looking at this article, I would agree that there will be a new ATH before halving.

On January 29, (Bitcoin ETF Day 12), a notable shift occurred. The Bitcoin spot ETFs witnessed a substantial net inflow of US$255 million, while Grayscale’s GBTC experienced a significant net outflow of $191 million. The other nine ETFs, led by Fidelity and BlackRock, saw a combined net inflow of $446 million, making it the third-highest inflow day for Bitcoin ETFs.
https://www.newsbtc.com/news/bitcoin/bitcoin-price-before-halving/

I understand from the article that the more inflows we get as a result of these big financial institutions, the higher they'd push the price of bitcoin even before the halving thereby seeing a new ATH. This is obvious that there is no other outcome so long as the inflows outweighs the outflows.

[jossiel]

I'm always thinking of what if the next bull run cycle will be entirely different. I don't know how it is going to be different and unique but the possibility is there.

Estimated two months to go for the halving to come. Still a lot of things can happen and the same goes to post halving which OP said that likely after a year will make its ATH.

Although the uncertain part here is about when the ATH will be reached but with certainty, it is for sure going to make new round of ATH.

[Dr.Osh]

well, the current price is $51k based on CMC, and the ATH is almost at $70k, so, I think the potential is still there. However, if bitcoin price reaches ATH before the halving, I think it will be the first time. because as far as I know, bitcoin has never exceeded its ATH price before the halving occurred in previous years. Apart from that, if this really happens, it is possible that the price of bitcoin will become very high after the halving occurs.

[_BlackStar]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

If you are asking about possibilities - then there is a possibility that a new ATH may be reached before the halving. But if you ask whether it will be achieved - then I don't feel confident that the new ATH before the halving will be achieved. I voted no not because I doubted the possibility - but a new ATH a few months before the halving is not unusual for bitcoin.

This has never happened before - so I don't think so, even if it did happen, the chances are very small. I tend to believe the new ATH will be reached within 18 months of the halving - at least that's the norm. But if ATH occurs before the halving - then the best scenario is that there is a massive increase in demand.

[Kelvinid]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

It is not far from happening but halving is not far as well. Maybe if halving will happen in 3rd quarter of this year, I could say it was possible but it was just expected 2 months from now https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00#! which I could think the time is not enough for Bitcoin to reach new ATH.

I was optimistic about it but as we can see in previous ATH, that comes a year after halving. I may be wrong because of the current price trend. However, this will never give me confidence as well that it go easy that way as dumps are unpredictable as well. Anyway, even though the ATH never happened this year, we are all still optimistic about the future of Bitcoin.

[GxSTxV]

The market right now is on greed according to CMC Crypto Fear & Greed Index [1],  very close to extreme greed which means there’s more coming buy orders mainly for Bitcoin dominating the market compared to all other coins gathered. The price went so fast from below $ 40,000 levels to $52,000 now which is also a positive and important thing for a new bullish run.

The highest level bitcoin reached isn’t that far from where we are at now, a week ago we wouldn’t possibly guess this quick rush, ATH before halving on April is very possible in my own opinion, things are positively going in market now and people are optimistic, many more users believe in bitcoin day after day especially with the world at wars and crisis they find it better than gold. Achieving a new high level is realistic.

[1]: https://coinmarketcap.com/charts/#fear-and-greed-index

[Fundamentals Of]

I don't think it is exactly the influence of third parties, they are a part not the whole, the protagonists are several, let's not forget who is the main promoter.

Now, given the background and the very fact that the short sellers will do their thing, this new unprecedented fact is not coming for this cycle before Halving, the truth is that we can have an ATH by the end of June.

^{There is no editing in this post, it is a prediction so let's clarify: yeah! june, 2024}

I admire the high level of certainty you attached with you prediction. It almost brought me to challenge you for a bet. But I decided not to. I better save mine for the better days ahead. But I'm curios what makes you so convinced that the ATH would still be in June.

It seems June is too far away. Right now, the price is already at $52,000. That's just $17,000 away. Given that there will be small corrections every once in a while, 2 months are still more than enough during a bull run for Bitcoin to increase by $17,000.

For the past 30 days or 1 month, out of the top 15 exchanges, there were only 4 that registered positive numbers. For the rest, their supplies are draining. I'm seeing a strong buying pressure right now. If only this is sustained for even just a month, a new ATH will come before halving.

But even if your prediction is right and mine is wrong, that's still an unprecedented milestone just the same. A mere 2 months after halving for a new ATH is a record.

[Argoo]

With the demand beating the supply, $69,000 is not far away from the current price.

Regarding the above statement, how do you know there's more demand than supply (aside from the fact that bitcoin's price is currently rising)?  And who's to say that demand won't suddenly drop?  There's no guarantee that the halving is going to have an effect on the price of bitcoin at all, regardless of what happened in the past.  Personally I think the halvings have already been priced in--but that doesn't mean there won't be speculators who'll be driving up demand, expecting a jump in price because of the upcoming halving.

Everything I wrote above aside, I do indeed think we could see a new ATH soon.  Don't know if it'll be before or after the halving, but for whatever reason bitcoin is red hot right now.  Effin' white hot.  The only problem I see is that if the price goes up too high, too fast then we're probably going to see a massive crash.  It's happened before.

The price of Bitcoin has been continuously growing for a relatively long time and today it is $52,150. Although there is not much  left before the new price record, I do not think that this will happen before its halving, which is expected in April of this year. Bitcoin cannot rise in price for too long; there must be a correction. Moreover, the higher its price growth, the deeper the price correction in the market usually occurs.

In the future, Bitcoin is sure to exceed the previous price record of $69,000. But this is unlikely to happen in the near future. We should also take into account that the cryptocurrency market sometimes presents us with unexpected surprises.

[Yaunfitda]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

It is not far from happening but halving is not far as well. Maybe if halving will happen in 3rd quarter of this year, I could say it was possible but it was just expected 2 months from now https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00#! which I could think the time is not enough for Bitcoin to reach new ATH.

I was optimistic about it but as we can see in previous ATH, that comes a year after halving. I may be wrong because of the current price trend. However, this will never give me confidence as well that it go easy that way as dumps are unpredictable as well. Anyway, even though the ATH never happened this year, we are all still optimistic about the future of Bitcoin.

Yes, halving is like 2 months or less, and maybe that time, who knows, because it's obvious that the next target is $60k for this month. And if it will be reach or even broken this February and this bullishness will continue to March then $69k will be without our grasp. And who would have thought that this is possible pre-halving to reach a new ATH (assuming that we will get to there). I don't know but this could be the first time that we are going to see it so that could be another record for us. And then it will have a domino effect, new ATH means that we might see the biggest run and then minimum $100k next year and 2025 we will have like $180k. Everyone seems to be excited right now as we have broken $50k and scenarios are coming up.

[Promocodeudo]

With the demand beating the supply, $69,000 is not far away from the current price.

Regarding the above statement, how do you know there's more demand than supply (aside from the fact that bitcoin's price is currently rising)?  And who's to say that demand won't suddenly drop?  There's no guarantee that the halving is going to have an effect on the price of bitcoin at all, regardless of what happened in the past.  Personally I think the halvings have already been priced in--but that doesn't mean there won't be speculators who'll be driving up demand, expecting a jump in price because of the upcoming halving.

Everything I wrote above aside, I do indeed think we could see a new ATH soon.  Don't know if it'll be before or after the halving, but for whatever reason bitcoin is red hot right now.  Effin' white hot.  The only problem I see is that if the price goes up too high, too fast then we're probably going to see a massive crash.  It's happened before.

Boss, well articulated explanation you have here, op should understand that bitcoin demand has been a thing of market speculation and Bitcoin is an asset of volatility and fluctuation, there are times of appreciative demand caused by potential and positive speculations from the market, though market correction are inevitable because that's how the market is meant to be, but the issue here is that predicting the actual time for demand drop of bitcoin is not an easy one.
The market being an unpredictable and a speculative one can encounter price volatility, this volatility might be upward movement or downward movement this is why investors needs absolute carefulness to take whatever action they want to take as the case may be.

[Gozie51]

In my opinion, before the halving, the Bitcoin price will not reach its new ATH price. unless the buying demand is very large and is pumped by investors including exchangers, it can reach the new ATH price. without this it will be difficult to reach the latest ATH price

Of course it is the demand that will make the price jump to beat the highest price so far. Looking at the current price and 69k will now have 17k to hit that level and this is easier to achieve with the nature of volatility that is seen the last few days. What is needed is a little increase in demand which will spike up anxiety, fear and uncertainty in the market and then you see price soaring above the current ATH. So I won't be surprised if the price go further from the current ATH before the halving and if that happens then more gains will be achieved for hodlers this season.

[AakZaki]

Maybe, crypto always provides surprises but every cycle or increase will not be 100% the same. But this would be a sign that the bullrun is coming soon. Halving is a moment every 4 years that has a big impact on Bitcoin and the crypto ecosystem. Now see how when the price of Bitcoin breaks the price of $50000 and this will continue until it reaches the final ATH of $69,000. we just need to wait and believe in the main target we have.

[skarais]

Maybe, crypto always provides surprises but every cycle or increase will not be 100% the same. But this would be a sign that the bullrun is coming soon. Halving is a moment every 4 years that has a big impact on Bitcoin and the crypto ecosystem. Now see how when the price of Bitcoin breaks the price of $50000 and this will continue until it reaches the final ATH of $69,000. we just need to wait and believe in the main target we have.

So far I also have the same belief regarding this possibility, it's just that we can't confirm it yet. Regarding possibilities, anything is possible and will happen because the crypto market is uncontrolled and does not have to be the same as what happened before. If a new ATH hit before the halving, then this will be a new history for bitcoin so predicting its price between cycles becomes increasingly difficult.

If I had the option, then I am more confident that a new ATH will occur after the halving. The price has crossed $52k and may continue to test new resistance above, but that is unlikely to happen if bitcoin demand ahead of the halving does not increase rapidly. Currently the demand for bitcoin has increased, but to match the previous price record we have to get more big investors in the market.

[WatChe]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

The biggest dilemma with Bitcoin is that we can't predict its future price. We may or may not have an ATH before halving, who knows? With price touching 52k$ its very much likely that we might see an ATH before halving. Every person has its own prediction about Bitcoin price. If we see previous halvings then one interesting point is that price take year or more to move it. It's also possible that we see a decline immediately after halving and year after we see another ATH. Just my few satoshis. DYOR. 

[justdimin]

The price of Bitcoin has been continuously growing for a relatively long time and today it is $52,150. Although there is not much  left before the new price record, I do not think that this will happen before its halving, which is expected in April of this year. Bitcoin cannot rise in price for too long; there must be a correction. Moreover, the higher its price growth, the deeper the price correction in the market usually occurs.

In the future, Bitcoin is sure to exceed the previous price record of $69,000. But this is unlikely to happen in the near future. We should also take into account that the cryptocurrency market sometimes presents us with unexpected surprises.

To be fair it is not a long time for crypto timeline. These type of increases happens all the time and it should definitely be something that we could consider as possibility. I believe that the best thing we could do at the moment would be just letting it be. I know that it gets to a point where it may not be all that easy, and yes sometimes we fear that it will drop but also we should not be considering it going up like that neither.

Just have reasonable expectations, for me it is clear, it will be somewhere between 40k and 60k. Now when I say this, people go "of course, that is easy to see" but when they open topics like this, people like to think that it is a possibility to see higher, I do not think so and I think 40-60 is good enough.

[YOSHIE]

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

We saw the halving before where when the halving occurs a new ATH will be seen, as you mentioned yesterday's ATH $69,000, which has happened, I believe the ATH this time could reach $80k, that's a reasonable speculation for me, for $100k not halving this time, maybe in the future.

If you look at it, all crypto users around the world are curious about the halving this time, considering that for Bitcoin there are no real signs of certainty yet, but I remain optimistic that this time the new ATH halving will occur, we just have to wait for the day and date when Bitcoin will make all crypto users amazed.

[redsun114]

To be honest, the market has been going surprisingly well this time around. I don't think we have seen a recovery process being this smooth in the previous cycles, I know that the price was quite stable at around $31k after an initial couple of months in 2023, but this recovery process after it started going up from $27k has been pretty incredible. It didn't take much time to go from $27k to $52k which is very close to a 100% growth which is unbelievable.

However, when we talk about a new all-time high before the halving, I can't say if it can become true or not because we haven't seen any strong corrections from sometime and the market has been going up constantly, and for some reason, it feels like we might see something happening before it hits $55k.