Bitcoin pump|before halving

[wiss19]

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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[virasog]

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.

[Bobrox]

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.

[skarais]

~~~

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.

[Kelvinid]

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.

[STT]

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.

[Dunamisx]

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.

[Nothingtodo]

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.

[martinex]

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.

[onecall123]

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.

[AirtelBuzz]

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.

[Strongkored]

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.

[rodskee]

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.

[Cryptoprincess101]

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.

[fuguebtc]

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.

[CageMabok]

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.

[aylabadia05]

<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.

[traderethereum]

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.

[$weetne$$]

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.

[_BlackStar]

-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.