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Author Topic: Bitcoin pump|before halving  (Read 647 times)
Bravut (OP)
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March 11, 2024, 02:16:39 PM
 #1

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

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March 11, 2024, 02:19:47 PM
Last edit: March 11, 2024, 02:46:46 PM by BitMaxz
 #2

There is someone who already asked this you might be interested to check them here https://bitcointalk.org/index.php?topic=5488435.0

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March 11, 2024, 02:22:55 PM
 #3

What are we to expect this pre-halving season...?
What have you seen already? Halving is just some weeks to come.

Will bitcoin pump more than $80K to make a new ATH before halving.
No one knows but it is highly likely that bitcoin may increase above $80000 before halving. In just a day, bitcoin can dump $10000 or can add $10000 to its price. So at $71500, it is possible that bitcoin can get to $80000 at any time soon.

Will bitcoin drop to $42K as speculated by JP Morgan..?
I do not know about JP Morgan speculation or his analyst. But if it is true that they said bitcoin is going below $50000, you can see how wrong it is.

Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?
As people buy more bitcoin than selling, the price will increase. If Blackrock continues to buy, expect increase.

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March 11, 2024, 03:05:01 PM
 #4

Currently, the price of Bitcoin is $72,070 and it looks like its growth is not going to stop yet. The current situation before halving is special. Never before has Bitcoin updated its historical price maximum before the halving, and not within a year after it. Its price is rising now as demand and trading volume for new Bitcoin spot exchange-traded funds increases, and with hopes that the Federal Reserve will soon cut interest rates. For now, all this is difficult to predict, although it is logical that the price of Bitcoin will continue to grow actively for some time. At the same time, there must be a correction and it is already late.

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March 12, 2024, 09:20:58 AM
 #5

I think none of the two is going to happen. Bitcoin will probably not hit $100k before the halving because that's pretty far from where the price is at the moment and we are not that far from the halving event now.
About the JP Morgan statement, though it sounds absurd but I wouldn't call it that because I know anything could happen and we have seen it in the previous bull runs where Bitcoin used to drop more than 40% right before the halving and then it used to recover back to hit a new all-time high post-halving.
So, I believe it's going to be between $60k to $80k, might hit $80k if the current bullish momentum stays, but there is a high chance that it will dip at some point.









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March 12, 2024, 09:35:03 AM
 #6

I think none of the two is going to happen. Bitcoin will probably not hit $100k before the halving because that's pretty far from where the price is at the moment and we are not that far from the halving event now.
About the JP Morgan statement, though it sounds absurd but I wouldn't call it that because I know anything could happen and we have seen it in the previous bull runs where Bitcoin used to drop more than 40% right before the halving and then it used to recover back to hit a new all-time high post-halving.
So, I believe it's going to be between $60k to $80k, might hit $80k if the current bullish momentum stays, but there is a high chance that it will dip at some point.

The bitcoin price speculation and the rest has actually not been accurate for its speculators since this upraising but a $100k in less than 40 days is something I don’t see happening. Look at even the price change difference since the start of the year it hasn’t been more than a $20k for the past two months. In as much as I also see that the FOMO will continue until the halving next month we will be stuck with more of a ranging price between that 60k to hugest $90k

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March 12, 2024, 10:19:11 AM
 #7

I think none of the two is going to happen. Bitcoin will probably not hit $100k before the halving because that's pretty far from where the price is at the moment and we are not that far from the halving event now.
About the JP Morgan statement, though it sounds absurd but I wouldn't call it that because I know anything could happen and we have seen it in the previous bull runs where Bitcoin used to drop more than 40% right before the halving and then it used to recover back to hit a new all-time high post-halving.
So, I believe it's going to be between $60k to $80k, might hit $80k if the current bullish momentum stays, but there is a high chance that it will dip at some point.

If you say anything is possible, why are you in denial and don't believe that bitcoin can hit $100k before halving? Relying on past data to predict bitcoin's trend is no longer correct because bitcoin has reached a new ATH before the halving, bitcoin is creating new history. So there is no certainty that bitcoin will decrease before the halving.

To be honest, I don't have any predictions for the current situation because it's too difficult to make predictions. Furthermore, if we are long-term investors, we don't need too much short-term volatility in bitcoin. Whether bitcoin will continue to rise or fall before the halving, we are in for a bull season and it is only a matter of time before bitcoin reaches $100k or more.

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March 12, 2024, 10:22:35 AM
 #8

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving,
but bitcoin surpassed 72k caring nothing about what JP Morgan says lol. so sometimes try to listen to your instinct mate because this will bring positive instead of negativity.


Quote

Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?
who knows right? we will be having frustration if keep thinking about all they say as market is truly unpredictable  mate.

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March 12, 2024, 11:48:38 AM
 #9

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

They have their own narrative behind, so If I were you, I wouldn't listen to them or to any so called experts in this market as there are non. So what if it will go down to $42k? What you are going to do? You going to panic and sell your stash? If that is the case then that's what they wanted you to do, sell your BTC at cheap price from you and the rest of us. But if you know how the market operates, I wouldn't do that. On the contrary, it might be good to continue to stack stats at $42k, even at the bull run, everyone can still continue to save and then wait till it reaches new all time high in 2025 at a minimum of $100k.

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March 12, 2024, 04:49:52 PM
 #10

They have their own narrative behind, so If I were you, I wouldn't listen to them or to any so called experts in this market as there are non. So what if it will go down to $42k? What you are going to do? You going to panic and sell your stash? If that is the case then that's what they wanted you to do, sell your BTC at cheap price from you and the rest of us. But if you know how the market operates, I wouldn't do that. On the contrary, it might be good to continue to stack stats at $42k, even at the bull run, everyone can still continue to save and then wait till it reaches new all time high in 2025 at a minimum of $100k.
I think selling your bitcoin during this period could be one of the biggest mistakes you could ever do. Doesn't matter if it goes well or badly, there is really nothing that could be wrong with that. I believe that the best thing to do in this case would be just holding your coins, it could be going down a lot, or it could be going up a lot and in both cases you should keep holding it.

If you sell because it looks like it peaked, then you could be wrong and it could keep going higher, if you sell because it went low then it could stop going lower the moment you sell and could recover and keep going higher and you would lose. The best thing to do is keep holding your coins and that should be the most important part of it.

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March 12, 2024, 05:20:40 PM
 #11

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
$100k before halving will be a difficult order, seeing that we're just a month away from it. We may see $80k as it's romancing $72k already. Hitting $100k will mean Bitcoin doing $30k addition to its current price. I would be shocked if that ever happens.

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before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Keep your sanity intact by not listening to those guys and their institutions. They want to FUD so they can buy cheap. A few times that I listened to them in the past, it didn't end to my advantage. I lost out.

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Will bitcoin drop to $42K as speculated by JP Morgan..?
It's an elusive dream for anyone to think that will ever happen this year or next. They I'll have to wait for 2026 to see $42k. Anyone who missed an entry at that level has missed it for good and should either move on or buy at whatever price it's now. There's still room for upward movement.

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March 12, 2024, 06:04:51 PM
 #12

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
$100k before halving will be a difficult order, seeing that we're just a month away from it. We may see $80k as it's romancing $72k already. Hitting $100k will mean Bitcoin doing $30k addition to its current price. I would be shocked if that ever happens.

Why shocked? All we need is just another month like the last one. If we recall, a month ago we were still hovering around $42k range. Now, look at us! So, another $30k in a month is certainly possible.  I know, that would be exceptional. But Bitcoin's history is full of surprises.

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March 12, 2024, 06:51:17 PM
 #13

~
Why shocked? All we need is just another month like the last one. If we recall, a month ago we were still hovering around $42k range. Now, look at us! So, another $30k in a month is certainly possible.  I know, that would be exceptional. But Bitcoin's history is full of surprises.
You know that thing they say about thunder not striking twice at a particular spot? That's the whole scenario I'm trying to paint with price doing $30k from now and before halving. I think Bitcoin has exhausted that steam to run through another sprint within a short time without a major correction. It's not as if price won't rally up but I don't think it can go that high. Yes, Bitcoin has a history of surprises and I would be delighted it pulls another one on us. However, sincerely typing, I don't think that will be possible at this time.

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March 12, 2024, 07:21:41 PM
 #14

No one knows until the time comes of halving and whatever is the price by that time. Talking about JP Morgan? Is his opinion really matter to you anymore? He's been telling tha since long time ago and even said about Bitcoin is fraud for so many times. My advise to you is don't take him seriously despite him a known banker and financial guy, his opinion doesn't really matter if you're long term on Bitcoin. But of course some of the news when it's published about his opinion it might make some impact but you don't worry with such.

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March 13, 2024, 08:57:39 PM
 #15

They have their own narrative behind, so If I were you, I wouldn't listen to them or to any so called experts in this market as there are non. So what if it will go down to $42k? What you are going to do? You going to panic and sell your stash? If that is the case then that's what they wanted you to do, sell your BTC at cheap price from you and the rest of us. But if you know how the market operates, I wouldn't do that. On the contrary, it might be good to continue to stack stats at $42k, even at the bull run, everyone can still continue to save and then wait till it reaches new all time high in 2025 at a minimum of $100k.
I think selling your bitcoin during this period could be one of the biggest mistakes you could ever do. Doesn't matter if it goes well or badly, there is really nothing that could be wrong with that. I believe that the best thing to do in this case would be just holding your coins, it could be going down a lot, or it could be going up a lot and in both cases you should keep holding it.

Yes, as long as you don't need that extra money, I would say that don't sell it. There are a lot of traders waiting for those who are pushing the sell button. Well if it is necessary then do it, but for the sake of getting profits now? Nah, it's a bad idea, profit taking is when we reach at least 6 digit price.

If you sell because it looks like it peaked, then you could be wrong and it could keep going higher, if you sell because it went low then it could stop going lower the moment you sell and could recover and keep going higher and you would lose. The best thing to do is keep holding your coins and that should be the most important part of it.

As per our experience, specially those who have been in this game, yeah, when we sell in a bull run like this, it might go up the next day or the next. And it's going be a eye opener for newbies. Perhaps it's good for them to experience it this way so that they will learn from it, just saying.

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March 13, 2024, 10:09:06 PM
 #16

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

     If Bitcoin rallies before halving into 100k, it must have a basis; it can't be just a rumor or a story that is just a guess. You know bitcoin because of the volatility it has, which means that at any moment it can rise or fall suddenly.

     How many times has Bitcoin made $10,000 in one day or just a few days? That's what happens when an asset is volatile, especially Bitcoin. And it can also fall to that amount in just one day, but it depends on the situation happening in the market and the whale manipulators.

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March 13, 2024, 10:34:07 PM
 #17

~
Why shocked? All we need is just another month like the last one. If we recall, a month ago we were still hovering around the $42k range. Now, look at us! So, another $30k in a month is certainly possible.  I know, that would be exceptional. But Bitcoin's history is full of surprises.
You know that thing they say about thunder not striking twice at a particular spot? That's the whole scenario I'm trying to paint with the price doing $30k from now and before halving. I think Bitcoin has exhausted that steam to run through another sprint within a short time without a major correction. It's not as if the price won't rally up but I don't think it can go that high. Yes, Bitcoin has a history of surprises and I would be delighted if it pulls another one on us. However, sincerely typing, I don't think that will be possible at this time.
I don't know why I have have high appetite towards the current Bitcoin market trend to continue to increase at this time up until halving when the price of Bitcoin will then stabilize at some point before it eventually makes a definite price benchmark that will run through a long period,  at this that point then we may have up to six months are correction cycle,  but at this moment we may not see likely see any heavy Bitcoin price discount and up until after Bitcoin haling.

Although I don't blame those who speculate a possible price correction down to 30k,  due to the latest events and happenings each time bitcoin makes an all-time high, this time it seems to be different in both approach and realities since bitcoin has really resisted the urge to drop below the all-time high of the previous year.
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March 14, 2024, 08:52:13 PM
 #18

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Why shocked? All we need is just another month like the last one. If we recall, a month ago we were still hovering around the $42k range. Now, look at us! So, another $30k in a month is certainly possible.  I know, that would be exceptional. But Bitcoin's history is full of surprises.
You know that thing they say about thunder not striking twice at a particular spot? That's the whole scenario I'm trying to paint with the price doing $30k from now and before halving. I think Bitcoin has exhausted that steam to run through another sprint within a short time without a major correction. It's not as if the price won't rally up but I don't think it can go that high. Yes, Bitcoin has a history of surprises and I would be delighted if it pulls another one on us. However, sincerely typing, I don't think that will be possible at this time.

Although I don't blame those who speculate a possible price correction down to 30k,  due to the latest events and happenings each time bitcoin makes an all-time high, this time it seems to be different in both approach and realities since bitcoin has really resisted the urge to drop below the all-time high of the previous year.

I think that it is normal to see people speculating for a price to dump before the halving, it's what we have been seeing before. However, the last time we have dump in 2020, it was because of the covid-19. If we all remember, it was March of that year when suddenly the whole world shuts down. So there's a lot of uncertainty, nobody knows what's going on and so majority sold because of that.

But now, we don't have that kind of world events, and on the contrary, people are super bullish, and pushing a price to it's all new all time. So I don't think that there will be major correction, maybe others are selling for profits and that's it.

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March 14, 2024, 10:46:36 PM
 #19

What are we to expect this pre-halving season...?
To keep on rising and never see it stop its increase until the halving season kicks off which remains 36 days.

Will bitcoin pump more than $80K to make a new ATH before halving.
It will be hard to say the next direction of price bitcoin will head to before halving. As it all seems, if bitcoin continues its price increase, bitcoin will certainly pump more than $80k before halving since it remains a few thousand dollars to reach $80k, and the price touched $74k not quite long ago.

Will bitcoin drop to $42K as speculated by JP Morgan..?
I doubt if Bitcoin will. The price drop of Bitcoin I suspect bitcoin can reach is $60k. Not below that.

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March 14, 2024, 11:17:21 PM
Last edit: March 14, 2024, 11:28:53 PM by Distinctin
 #20

I think none of the two is going to happen. Bitcoin will probably not hit $100k before the halving because that's pretty far from where the price is at the moment and we are not that far from the halving event now.
About the JP Morgan statement, though it sounds absurd but I wouldn't call it that because I know anything could happen and we have seen it in the previous bull runs where Bitcoin used to drop more than 40% right before the halving and then it used to recover back to hit a new all-time high post-halving.
So, I believe it's going to be between $60k to $80k, might hit $80k if the current bullish momentum stays, but there is a high chance that it will dip at some point.
The whole crypto space is very positive these days. But we should not be highly confident that bitcoin will not drop its price drastically as we have seen it already happened before. It’s better if we can prepare for it as earlier as now. Now, if price will continue to rise, that would be much better to expect. But we should still stay realistic, $100k might be possible for bitcoin but with a month left for bitcoin halving, the chances to get there is quite slim. So I have to agree with you, $80k-$85k is more realistic than that.

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March 15, 2024, 11:30:02 AM
 #21

Bitcoin has reached the price you expected. Yes, the price came to $72,000. But exactly two days after that mean today bitcoin dumped down, now bitcoin price is 66000$. Since Bitcoin has bottomed out in its value, it is somewhat unlikely that it will cross $100,000 before the halving. Rather, it may reach $75,000 and Bitcoin's price will remain stable for a while, and then its value will slowly decline. But I don't think it's fair to expect its price to go much higher at the moment. But maybe it will be limited to 60 to 80 thousand dollars. This is not really accurate as the rise in Bitcoin price depends on many factors.

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March 15, 2024, 12:33:17 PM
 #22

Bitcoin has reached the price you expected. Yes, the price came to $72,000. But exactly two days after that mean today bitcoin dumped down, now bitcoin price is 66000$. Since Bitcoin has bottomed out in its value, it is somewhat unlikely that it will cross $100,000 before the halving. Rather, it may reach $75,000 and Bitcoin's price will remain stable for a while, and then its value will slowly decline. But I don't think it's fair to expect its price to go much higher at the moment. But maybe it will be limited to 60 to 80 thousand dollars. This is not really accurate as the rise in Bitcoin price depends on many factors.
Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.

R


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April 15, 2024, 04:53:34 PM
 #23

Quote from: Sorryfor
Bitcoin has reached the price you expected. Yes, the price came to $72,000. But exactly two days after that mean today bitcoin dumped down, now bitcoin price is 66000$.
It can still dump more for the price to hit $50k for bear season to continue again, and I don't think the price will be too low like last bear season that made some people to buy BTC at $18k because the price of BTC has hit higher in this season, which will be the reason the price will not hit below $50k before the price will pump again.

I guess you are part of those that used their hodling well, when the price hit $72k this year because it really help some people to accumulate profits from their hodling because that is their target before they can sell and their target come through for them, and they will still like to buy in another bear season.

Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.


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April 15, 2024, 07:22:14 PM
 #24

~Snip
Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.
Many traders and investors sell their bitcoins in anticipation of a price decline or correction when they find an indicator that allows the price to fall, but the bad result is that the market collapses due to high selling pressure. Of course the positive side is that any investor with a budget will buy more on dips and accumulate, this will make their average purchase price lower and have the opportunity to get a bigger return when the price recovers and breaks the previous ATH.

Many people wonder how holders are doing because as a result they are the ones who suffer the biggest losses when a big decline occurs, but as holders they seem to be relaxed because a decline of a few percent like yesterday is normal. High volatility ahead of the halving is very natural regardless of whether the existing indicators are correct or not.

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April 17, 2024, 02:31:37 PM
 #25

The current state of Bitcoin's price doesn't seem like Bitcoin's price will increase before the next half. Currently the price of Bitcoin is very low, currently the price of Bitcoin is 61k. You said here that JP Morgan predicts that Bitcoin will drop to 42K before the halving, but personally I don't think Bitcoin can go that low, if it really goes down it will drop to 55k at most, but we No one can say with 100% certainty exactly how much the price of Bitcoin can go down, or how much it can go up.

The current state of Bitcoin looks like we will see Bitcoin pumping after the next halving, which is expected to be huge.

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April 17, 2024, 06:22:42 PM
 #26

Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.

The season to buy additional Bitcoin in preparation for the bull season is already here because the market is now giving us more chances to buy Bitcoin at a cheap price then what we would had bought when Bitcoin was at $72,000, the price is dropping again therefore we should not miss this chance. This might be the last time we'll see Bitcoin low because Bitcoin halving is coming in few days time. Bitcoin pumping before the halving was very surprising to me as I thought Bitcoin price pumping will happen after Bitcoin halving is over and not before the halving starts. The pump made many people to think that we are in the bull market and the market would not dump again before the halving but the market is now dumping just before the halving and this is what was expected of the market to happen. I think we can expect Bitcoin to dump below $50,000.

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April 17, 2024, 06:25:17 PM
 #27

The current state of Bitcoin's price doesn't seem like Bitcoin's price will increase before the next half. Currently the price of Bitcoin is very low, currently the price of Bitcoin is 61k. You said here that JP Morgan predicts that Bitcoin will drop to 42K before the halving, but personally I don't think Bitcoin can go that low, if it really goes down it will drop to 55k at most, but we No one can say with 100% certainty exactly how much the price of Bitcoin can go down, or how much it can go up.

The current state of Bitcoin looks like we will see Bitcoin pumping after the next halving, which is expected to be huge.

In the crypto market nothing is impossible so every investor should keep in mind that anything can happen here for which there should be certain preparation. Recent prices are so low as compared to all the time higher worth as it dumps to 60k$ and sometimes the predictions show to be accurate while sometimes the market is going in the opposite direction to the predictions.

Now the market is unpredictable so the next price will be based on the effects of halving if halving remains useful for investment like that of previous halving then price will pump otherwise it can also be possible that this halving differs from that of previous halving but still we have time and we can hopefully see another pump.



 

 

 

 

 

 


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April 17, 2024, 06:53:02 PM
 #28

The halving is in two days, right?  Well, I'm not sure how many of you here or in the bitcoin world in general were expecting some kind of massive pop at any time before it, but it sure as hell doesn't look like it's going to happen.  And obviously anyone who's checked bitcoin's price in the past couple of days would see that the opposite is occurring.  It's puzzling to me why bitcoin dropped so low so fast, but expectations about the halving might have something to do with it.  I haven't seen any negative news here that would point to a reason for it, have any of you guys?

Then again, this could simply be the calm before the (bullish) storm, or it could be a natural dip in a market that had run itself so vertically that a mini-crash was bound to happen.  And here I am trying to think of reasons, when I know damn well 99% of the time the markets for crypto, stocks, or whatever just do whatever they're going to do without a clear explanation. 

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

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April 17, 2024, 07:27:49 PM
 #29

Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.

The season to buy additional Bitcoin in preparation for the bull season is already here because the market is now giving us more chances to buy Bitcoin at a cheap price then what we would had bought when Bitcoin was at $72,000, the price is dropping again therefore we should not miss this chance. This might be the last time we'll see Bitcoin low because Bitcoin halving is coming in few days time. Bitcoin pumping before the halving was very surprising to me as I thought Bitcoin price pumping will happen after Bitcoin halving is over and not before the halving starts. The pump made many people to think that we are in the bull market and the market would not dump again before the halving but the market is now dumping just before the halving and this is what was expected of the market to happen. I think we can expect Bitcoin to dump below $50,000.
I think the price of Bitcoin hit $60+k today and and the halving is at the corner and they are two ways one can use to acquire some Bitcoins to their wallets. And the first is the DCA method which one can apply bro have some before the halving or you can accumulate some money and save them to purchase more Bitcoin in the halving. Since the halving is just two days to go, the DCA method is not possible again so instead you just waite and purchase them at once. And the price Bitcoin will hit in the halving is unknown yet because as it the price is gradually going up again but let wait and see if the price will hit $50,000.

All what we have to do now is to gather some funds and wait that real halving weeks to refill the vacuum. But the probability of Bitcoin hitting $50000 is not possible.









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April 17, 2024, 08:16:40 PM
 #30

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

We already see a new all-time high for sure it's going to be enough for now, we are not on a Bull run yet so there is a lot of room for profit here for sure, 100k$ seems to be impossible right now getting ready for the Bullrun when the market backup again for sure it is going to gain a lot of momentum probably after the Bitcoin halving that is all where its start to gain a huge momentum where we could hit the 100k$ Before the halving seems impossible and I really think that breaking the all-time high is already a stretch in the market.

On the halving or probably right before the halving there was already a huge market correction which is probably why JP says that it is going to drop to 42k$ but that market is already invested so I don't really think that it is going to drop that low, since the market is on a huge hype we could already see a lot of projects getting launch every week.

My easy guess here is, on the halving, it is going to drop huge probably the lowest then gain momentum backup up to a year or more, at the end of 2025 probably the is where it is finally going to recover and reach over 100k$ sell all of our cryptocurrency then end of story.


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April 17, 2024, 08:51:02 PM
 #31

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

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April 17, 2024, 09:20:23 PM
 #32

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.

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April 17, 2024, 09:51:53 PM
 #33

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF.
Yeah, unfortunately I'm seeing the slide continue--but I'm not sure how that relates to the ETF you mentioned.  Frankly I was under the impression that BTC ETFs were still non-existent (I wouldn't buy into one, so I haven't been following that sort of thing).

On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
Smart money would be viewing this as an opportunity, but as with every time an asset price drops massively it causes fear instead of greed, you know?  That's why people end up buying high and selling low.  Oh, if I only had enough spare cash I'd be at my local BTCATM feeding it $50 bills!

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April 17, 2024, 10:15:04 PM
 #34


It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.

Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy

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April 18, 2024, 05:33:07 AM
 #35

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.

So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.

What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.

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April 18, 2024, 08:00:51 AM
 #36

I'm glad to be reading your post that was dated 11th of March today, to have seen who won between you and JP Morgan. Like I always say, those renowned analysts are not perfect, be it in the banking industry or any great institution. They at times say whatever comes to their head and when they are right people will start idolizing them. But now, you got it correctly ($72k) as Bitcoin reached the peak of about $73,850 before it hovered so long around the level but wasn't able to breach it. But JP Morgan failed ($42K) as Bitcoin was not even dreaming of dipping that low. These guys may be getting it right with their fiats guessing but I think they should leave cryptocurrency for its lovers and experts.

At the moment, the asset has succumbed to some selling and I expect it to sell further over time since it is now in an extreme bearish phase nearing the bottom of 2024. I will be bullish again on this asset if it shows serious rebounds and a bullish reversal of the current bearish correction.

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April 18, 2024, 10:23:50 AM
 #37


It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.

Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy

I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.

R


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April 18, 2024, 10:44:53 AM
 #38

Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.
The RSI happens to be a very popular indicator, used by many but not very much dependable by a lot of traders in taking and exiting trades. Most of us have it on our charts but, only applies it in conjunction with other indicators.

I am not entirely new to trading and so, I know a few of these myself and would like to look at some of the highlighted points you’ve made in your comment. It seems plausible and if that be the case, if the market is actually agreeing, then there is something there. Although, if it was over bought, I can’t say. It was the bulls by the way and we were heading towards an expecting bullish trend. It should be normal at this point.
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April 18, 2024, 11:45:50 AM
 #39

If we can have this happen as at this time before the halving and bitcoin gets to reach a new all time high, then we should be more expectant to see the market coming with more interesting pattern and dimension after halving, which means, if we are holding, then we should never get tired because such will soon turn into a massive profit for us when the market pumps again and we see more new all time highs.



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April 18, 2024, 01:56:34 PM
 #40

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
Sadly the effects of Pre and post halving aren't usually positive in the short-term and history is there to backup my argument....if anyone out there is expecting price to have that bullish move that will write new ATH immediately, am sorry to say but this isn't happening as the real effects of having usually happen a year later thereabout unless with a new variable of the spot ETFs approval..this halving could actually be different  Cheesy

Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Clearly JP Morgan is making his predictions based on historical data, what a smart guy lol but $42K is so low MR unless you intend to trigger the panic  selling from the weak hands for you to buy.. otherwise lowest should be 60K and we should rebound to break ATH of ~$74K to write numbers...

R


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April 18, 2024, 05:46:52 PM
 #41

We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.

What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.
Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.

Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.

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April 18, 2024, 07:58:53 PM
 #42

Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.

Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.

The bitcoin market is near to its previous All time high of the last bull run and a few days before it even made a new all time high before the halving which is something unique and this never happened in any of the previous bull markets.

However, a 4000-5000$ bitcoin pump should not be classified as a bull market and similarly a few thousand dump is normall and should not be considered as a bearish market.

No matter if we are moving up or down, this will not be in a straight line and people will get excited or sad on every pump, dump or relief rally and all this trading stuff. In the long run, bitcoin will make a parabolic run sometimes at the end of this year or at the beginning of the next year.

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April 18, 2024, 08:29:07 PM
 #43

I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.
Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel.
Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.

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April 18, 2024, 09:00:12 PM
 #44

~~~
Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel.
Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.
Regardless of the reasons that caused the price of bitcoin to collapse in the last few days, it has basically become a worry anticipated by some experienced investors and traders. There were almost similar similarities to the previous halving cycle in 2020 where prices fell slightly leading up to the halving and also on the day the halving occurred, so I am not completely surprised by the decline this time regardless of the reason.

Bitcoin price will recover as much as it can after the halving. I am very optimistic that $100k will become a reality by the end of 2024, while prices will likely get even higher in 2025. The peak price increase is expected to occur in early 2025 to mid-year, but that is just a prediction that cannot be used as financial advice.

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April 18, 2024, 09:47:33 PM
 #45

Regardless of the reasons that caused the price of bitcoin to collapse in the last few days, it has basically become a worry anticipated by some experienced investors and traders. There were almost similar similarities to the previous halving cycle in 2020 where prices fell slightly leading up to the halving and also on the day the halving occurred, so I am not completely surprised by the decline this time regardless of the reason.

Bitcoin price will recover as much as it can after the halving. I am very optimistic that $100k will become a reality by the end of 2024, while prices will likely get even higher in 2025. The peak price increase is expected to occur in early 2025 to mid-year, but that is just a prediction that cannot be used as financial advice.
Despite the drops in Bitcoin's price, it is still high and still in the bullish market. Yes, whatever the reason affecting the corrections this won't totally change the current situation of the market as we believe that halving has a huge influence in bringing prices higher than usual. We are still waiting for the new ATH and expected to arrive after the said halving event. However I could not agree this is just like the year 2020 but as usual situation after halving, it still continues to gain bigger demand pushing the price to skyrocket. This is how we also have such confidence in holding despite the price increase in the past days because there is more pumps coming.

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April 18, 2024, 10:46:06 PM
Last edit: April 18, 2024, 11:19:45 PM by STT
 #46

It already went up is the more boring narrative to this kind of question.  Its a repeatable dynamic in that people buy the rumor or run up to the news event and then the news itself in this case halvening can be alot less bullish then people expected.  The problem is people expected too much, what we already had was the rise it rose because people thought it should in effect and we cant be too greedy over that occurrence really.

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April 19, 2024, 12:31:42 AM
 #47

I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.



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April 19, 2024, 01:37:22 AM
 #48

Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down.  Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.

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April 19, 2024, 03:46:06 AM
 #49

Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down.  Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.

It's only temporary and doesn't really affect if i see. For BTC, I think it will not take long for the reversal because those who come and buy now are not only individuals, but large companies and financial institutions where we have seen before, they have begun to allocate part of their portfolio to crypto assets, especially BTC so that indirectly this will give a strong boost to the adoption and price of Bitcoin from the purchases they make.

I think our job is just to go with the flow because they are just like we want the lowest price in this time. The important point is that Bitcoin has a strong long-term growth potential and this has been read by those investors, especially after this halving is over and this moment is also eagerly awaited by all circles.

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April 19, 2024, 03:57:16 AM
 #50

I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.
We're about 20 hours away from the Bitcoin Halving event. It's been quite a wait for this moment. Bitcoin is just following its usual course, nothing surprising there. This correction could actually be good for the market, giving us another opportunity to buy at a lower price. Looks like we might have to wait a bit longer for Bitcoin to surpass its previous highs. For instance we're used to "buy the rumor, sell the news" which is the perfect strategy, especially with the upcoming halving.

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April 19, 2024, 06:12:00 AM
 #51

Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down.  Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.

If we look closely, we can see that a month before the Bitcoin halving, the price of Bitcoin had increased by a lot. The price of Bitcoin then rose and touched a new ATH record, then the price of Bitcoin fell after being stable for a few days. Basically, one of the reasons for such distress in the market was the temporary war between Iran and Israel in the Middle East. Now if you say that Bitcoin price didn't increase as expected before Bitcoin halving then it would be wrong because we have seen Bitcoin price increase by a lot.

Bitcoin halving is only a few hours away from being organized then we are about to face this four year cycle. Before the Bitcoin halving, many commented that the price of Bitcoin could fall to 50 thousand dollars, but that did not happen, the price of Bitcoin is still at a high level.

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April 19, 2024, 06:35:37 AM
 #52

I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.
We're about 20 hours away from the Bitcoin Halving event. It's been quite a wait for this moment. Bitcoin is just following its usual course, nothing surprising there. This correction could actually be good for the market, giving us another opportunity to buy at a lower price. Looks like we might have to wait a bit longer for Bitcoin to surpass its previous highs. For instance we're used to "buy the rumor, sell the news" which is the perfect strategy, especially with the upcoming halving.
Bitcoin going up and then going down and then going up again is normal because it proves that the Bitcoin market is very active, when the price goes down it could be because there is an event happening in the world that is affecting the world economy like what happened in the Middle East but it could also be because holders who have started holding it since a long time ago are starting to take profit and this will be an opportunity for those who still have money to buy, especially if you believe that when the halving occurs it is just the beginning of Bitcoin's movement to reach its highest ATH in the next few months. Bitcoin movements will always be a good opportunity for those who see the opportunity, buy when the price goes down and sell when the price goes up.

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April 19, 2024, 07:00:33 AM
 #53

we have few days left so this thread have served its purpose because it is indeed that
Bitcoin broke the ATH before the Halving and also multiple times that this has happened and
how many times that we have to see this because this is the first time that ATH broken
before the halving comes.

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April 19, 2024, 07:48:26 AM
 #54

I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.
Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel.
Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.

The dip in the price of Bitcoin now is expected because basically, since the halving is already here, there is going to be some competition between the Whales and the minor investors because I feel like there are some kind of games that are being played by the whales during this halving in the sense that they tend to sell most part of thier portfolio in other for a dip to occur and when the dip occurs they rebuy again and the price skyrockets.

I don't see the current dip to be more focused on the conflict between Iran and Israel because on a norm dip is expected before the halving so everything is actually in order.

Basically, an investor that have hodl for a long time ought to have sold part of their Bitcoin when a new ATH was created so it's not a new thing.

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April 19, 2024, 08:50:30 AM
 #55

We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.

What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.
Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.

Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.

The crowd I am talking about here are retail investors like us and we are not the ones who can dictate the direction of the market even though we make up the majority of the market. The crowd will not dare to buy, but if bitcoin only increases a few percent, the crowd will Fomo and buy regardless, crowd psychology is easily manipulated and many sharks understand this.

Have you checked bitcoin today? After the volatility, bitcoin is now trading above $64k and those who have been selling or waiting for bitcoin to hit $50k must be very impatient. Like I said, I wouldn't be surprised to see them buying bitcoin as it passes $70k in the coming days.

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April 19, 2024, 10:17:45 AM
 #56

Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down.  Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.
The price increase that was hampered by the temporary war conflict could also end in the near future, because currently the price of Bitcoin has also returned to approaching the $65K range again in the market. However, because the halving moment is getting closer and closer to the duration of a matter of hours, of course we hope to see an increase in the price of Bitcoin again after the halving moment is over. Moreover, the green graph that has been seen again in the market now shows a slight improvement in the price of Bitcoin and others.

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April 19, 2024, 03:43:36 PM
 #57

<snip>
We're about 20 hours away from the Bitcoin Halving event. It's been quite a wait for this moment. Bitcoin is just following its usual course, nothing surprising there.
Not until 20 hours. The countdown to the Bitcoin halving is less than 10 hours away. Correct. Because we have been waiting for a long time, we will finally see it soon.

This correction could actually be good for the market, giving us another opportunity to buy at a lower price. Looks like we might have to wait a bit longer for Bitcoin to surpass its previous highs. For instance we're used to "buy the rumor, sell the news" which is the perfect strategy, especially with the upcoming halving.
Corrections are normal things that occur in the market after the market experiences an increase in prices. The correction that occurred after was beyond the predictions of many speculators that the market experienced an increase before the moment when the increase occurred past the previous highest price which was predicted not to occur before the Bitcoin halving.

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April 19, 2024, 04:01:17 PM
 #58

Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down.  Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.
The price increase that was hampered by the temporary war conflict could also end in the near future, because currently the price of Bitcoin has also returned to approaching the $65K range again in the market. However, because the halving moment is getting closer and closer to the duration of a matter of hours, of course we hope to see an increase in the price of Bitcoin again after the halving moment is over. Moreover, the green graph that has been seen again in the market now shows a slight improvement in the price of Bitcoin and others.
Hopefully, this condition will continue after halving and breaking through yesterday's temporary high price. Almost all coins have turned green, which means there is a reversal in the market direction for the better.
But that doesn't mean the correction is finished because there could be another correction tomorrow. We have to be prepared for whatever will happen tomorrow so that we will not be surprised by what happens. There is just a little more time left for the halving and we will see how bitcoin moves after the halving. Meanwhile, current market conditions are better than yesterday so we can expect to make even bigger profits.

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April 19, 2024, 04:19:20 PM
 #59

I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.

$100,000 should be the next big target, when Bitcoin gets to that price people will begin to start panicking more because they will then be more certain that Bitcoin bull market is happening. Bitcoin dump a little before the halving therefore we should expect more dumping to happen after the halving but it would not last long as Bitcoin is still going to pump after the halving. Many investors still do not understand how Bitcoin halving happens and the impact it'll have on the price of Bitcoin. Bitcoin pumped before halving and it's also going to pump after halving therefore it would be wrong selling any Bitcoin you have right now. What we should be doing is buying more Bitcoin and storing them. Miners are going to be getting a pay reduction as miners reward gets halved, the price of Bitcoin has to increase to keep mining of Bitcoin still profitable for miners to continue mining.

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April 19, 2024, 04:54:20 PM
 #60

-snip-
It's only temporary and doesn't really affect if i see. For BTC, I think it will not take long for the reversal because those who come and buy now are not only individuals, but large companies and financial institutions where we have seen before, they have begun to allocate part of their portfolio to crypto assets, especially BTC so that indirectly this will give a strong boost to the adoption and price of Bitcoin from the purchases they make.

I think our job is just to go with the flow because they are just like we want the lowest price in this time. The important point is that Bitcoin has a strong long-term growth potential and this has been read by those investors, especially after this halving is over and this moment is also eagerly awaited by all circles.
Growth in adoption allows prices to rise higher due to the impact of demand - otherwise prices would fall if supply became plentiful. I agree that some investors will buy into the FOMO and exploit the cycle to profit - but the high expectations they set ultimately make them more likely to be disappointed.

I personally wouldn't have high hopes of getting bitcoin at $150K in the next bull run - but if $150K is reached, then I'd definitely get more than 4x in returns. The pre-halving pump is over - now it's time to see how the market reacts ahead of the halving. There are currently 54 block left until the halving - it's just under 10 hours until the halving.

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April 19, 2024, 05:46:37 PM
 #61

Hopefully, this condition will continue after halving and breaking through yesterday's temporary high price. Almost all coins have turned green, which means there is a reversal in the market direction for the better.
That's how the market travels and there is always no certainty that we can see the direction the market is going. Predictions can only provide a general idea, but no one can guarantee that the price will match the analysis.

But that doesn't mean the correction is finished because there could be another correction tomorrow. We have to be prepared for whatever will happen tomorrow so that we will not be surprised by what happens. There is just a little more time left for the halving and we will see how bitcoin moves after the halving. Meanwhile, current market conditions are better than yesterday so we can expect to make even bigger profits.
Talking about halving, maybe we will see a shift in prices towards higher levels and generally this happens in a cyclical process. I want to observe how far the price movement will go beyond the limit and hope that the best moment can come after the halving arrives. The goal is that we can obtain maximum profits from the investment process we undertake and hope that this ability can provide maximum profit value.

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April 19, 2024, 05:52:12 PM
 #62

-snip-
It's only temporary and doesn't really affect if i see. For BTC, I think it will not take long for the reversal because those who come and buy now are not only individuals, but large companies and financial institutions where we have seen before, they have begun to allocate part of their portfolio to crypto assets, especially BTC so that indirectly this will give a strong boost to the adoption and price of Bitcoin from the purchases they make.

I think our job is just to go with the flow because they are just like we want the lowest price in this time. The important point is that Bitcoin has a strong long-term growth potential and this has been read by those investors, especially after this halving is over and this moment is also eagerly awaited by all circles.
Growth in adoption allows prices to rise higher due to the impact of demand - otherwise prices would fall if supply became plentiful. I agree that some investors will buy into the FOMO and exploit the cycle to profit - but the high expectations they set ultimately make them more likely to be disappointed.

I personally wouldn't have high hopes of getting bitcoin at $150K in the next bull run - but if $150K is reached, then I'd definitely get more than 4x in returns. The pre-halving pump is over - now it's time to see how the market reacts ahead of the halving. There are currently 54 block left until the halving - it's just under 10 hours until the halving.

it bounced from $60k since yesterday, it's still uncertain whether this is going to continue though.
the approval of BTC and ETH ETF in Hongkong seems to have less impact on the price but a slight movement in the tension in the middleast can cause a huge blow to the price. the effect of halving they say will be observed after a few days, in this case i guess the game is still waiting.









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April 19, 2024, 06:07:55 PM
 #63

The market dynamics this time around has changed, kind of seems that these time we might get the halving affect almost immediately after the event instead of the usual dump we normally get after halving and before we get the major market pumps, so this time, is looking different now, we might get a scenario like Buy the news, to supposed buy the rumor sell the news. Currently, we are in the oversold area for Bitcoin in the daily time frame, and since we started this recovery phase of Bitcoin, what I have noticed is that the price has usually reversed in the 30% RSI oversold zone.

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April 20, 2024, 06:25:17 AM
 #64

Hopefully, this condition will continue after halving and breaking through yesterday's temporary high price. Almost all coins have turned green, which means there is a reversal in the market direction for the better.
That's how the market travels and there is always no certainty that we can see the direction the market is going. Predictions can only provide a general idea, but no one can guarantee that the price will match the analysis.
Yes, the halving has happened and the price will remain stable for a while. These predictions are still there and I hope that they will come true so that they can make a profit. We can only wait while preparing it.
Current market conditions seem to be improving, but the price war will continue.

But that doesn't mean the correction is finished because there could be another correction tomorrow. We have to be prepared for whatever will happen tomorrow so that we will not be surprised by what happens. There is just a little more time left for the halving and we will see how bitcoin moves after the halving. Meanwhile, current market conditions are better than yesterday so we can expect to make even bigger profits.
Talking about halving, maybe we will see a shift in prices towards higher levels and generally this happens in a cyclical process. I want to observe how far the price movement will go beyond the limit and hope that the best moment can come after the halving arrives. The goal is that we can obtain maximum profits from the investment process we undertake and hope that this ability can provide maximum profit value.
This price shift will happen sooner or later, but it doesn't look like prices will move suddenly for now. But if something can trigger it, the price will move immediately without us knowing why.
We will definitely have the best moment after this halving and that is when price increases will start to come and provide profits for us. This time, our profits will be greater than before.

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April 20, 2024, 01:29:32 PM
 #65

In early January of the year, the first phase of Bitcoin's price rally began around the ETF approval. After the ETF approval, Bitcoin prices began to correction for some time. Later the price of Bitcoin started to rise and he broke his previous record and touched a new record where the price of Bitcoin exceeded $73k. Although the price of bitcoin fell slightly before the bitcoin halving, many are looking at the military war between Israel and Iran as the reason, but I don't think so. I think it is normal for bitcoin price to drop before bitcoin halving. Many are saying that the price of Bitcoin will drop a lot before it halves. But the day before the Bitcoin halving, the price of Bitcoin rose significantly. Bitcoin is still on the higher side.

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April 21, 2024, 03:03:31 AM
 #66

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

Bitcoin price is likely to be dumping at present as we will be heading towards a bull market after some time. Every halving period Bitcoin price tends to be lower because all investors will buy Bitcoins during this period. And you'll find that Bitcoin transaction fees are the highest. The volume of transactions increased so much that large deposits were created in a short period of time, meaning that all Bitcoin holders were busy trading at this time.  Bitcoin whale holders hold Bitcoins.

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April 21, 2024, 03:51:23 AM
 #67

The crowd I am talking about here are retail investors like us and we are not the ones who can dictate the direction of the market even though we make up the majority of the market. The crowd will not dare to buy, but if bitcoin only increases a few percent, the crowd will Fomo and buy regardless, crowd psychology is easily manipulated and many sharks understand this.

Have you checked bitcoin today? After the volatility, bitcoin is now trading above $64k and those who have been selling or waiting for bitcoin to hit $50k must be very impatient. Like I said, I wouldn't be surprised to see them buying bitcoin as it passes $70k in the coming days.
I feel like we can "dictate" in the sense that a single whale can't, but we retail as one could, we just need to be together. Whenever there is a big movement in the crypto world, you can check and see that it is more about amount of people and not amount of money, because a million people buying at the same time will end up being more than a single person selling, this is the eternal truth and will stay like that. I get that it may not be simple and we could end up with a situation that is different.

I believe that we could do as well as we could hope for, and there is nothing wrong with just trusting the fellow retail investors and their capabilities, we are strong enough that we could make as much money as possible.

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April 21, 2024, 02:04:59 PM
 #68

The crowd I am talking about here are retail investors like us and we are not the ones who can dictate the direction of the market even though we make up the majority of the market. The crowd will not dare to buy, but if bitcoin only increases a few percent, the crowd will Fomo and buy regardless, crowd psychology is easily manipulated and many sharks understand this.

Have you checked bitcoin today? After the volatility, bitcoin is now trading above $64k and those who have been selling or waiting for bitcoin to hit $50k must be very impatient. Like I said, I wouldn't be surprised to see them buying bitcoin as it passes $70k in the coming days.
I feel like we can "dictate" in the sense that a single whale can't, but we retail as one could, we just need to be together. Whenever there is a big movement in the crypto world, you can check and see that it is more about amount of people and not amount of money, because a million people buying at the same time will end up being more than a single person selling, this is the eternal truth and will stay like that. I get that it may not be simple and we could end up with a situation that is different.

I believe that we could do as well as we could hope for, and there is nothing wrong with just trusting the fellow retail investors and their capabilities, we are strong enough that we could make as much money as possible.

The biggest winners in the market are mostly the sharks, the market makers, and the biggest losers are the retail investors . To me, the cryptocurrency market is still a largely manipulated market , I don't think it works according to supply and demand so that's why I don't want to follow the crowd most of the time .

Currently, bitcoin is trading above $65k and many altcoins have also had a significant recovery in the past 2 days . Meanwhile , as you can see, many predictions and many people are still bearish and waiting for bitcoin to drop to $50k.

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