Bitcoin halving, how low the price can be?

[coolcoinz]

The thing with PlanB is that his S2F modelling was already exposed to be flawed, as his modelling predicted that we will reach $100k from last bull run and it didn't happen. And so maybe some of his followers might not "believed" what he had to see again.

His model also predicted the average price where bitcoin should be at given time and as you can see we are above that level.
Remember that he predicted the stock to flow level before the 2021 bull run and at that time, he said that bitcoin should reach at least $50k and hold it as floor, when the s2f from the previous cycle was $5k and we did go above 50k, so he was right about that. What he could not predict was the fact that there will be FTX bankruptcy and this crashed the price and caused widespread panic.

You probably know that when we were at 20k last year not many people believed that we'd go back to S2F floor so soon, but we did, so I would not underestimate it.

[Fivestar4everMVP]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Lol 😂, dude, be specific, are you expecting the price of bitcoin to go down before or after the halving, or are you expecting the price to go up?

From experience based on my participation in past halving circle, the price of bitcoin usually dumps before the halving happens, and few days or weeks after the halving, the price will start to skyrocket, which usually meant that we are then officially into the bull run.

But if you look closely at all that have happened in this circle, I think it's easy to see that this circle is quite different from every other halving circles in the past, bitcoin reached previous all time high for the first time before halving, recorded a new all time high, and right now, few days before the halving, the price of bitcoin is still above its previous all time high price.
What I did say is that, it's actually hard to predict what bitcoin will do next, maybe before the halving, but one thing certain is that, we are going to the moon after the halving has come and gone.

[Bravut]

Bitcoin is now $69k surpassing previous $64k, no need for fear.
We already know after halving comes price increment, and new ATH,i don't think bitcoin would drop, though we are all speculating price movement but I think price will surpass $72k after halving.

Our main focus should be buying, accumulating as much bitcoin as possible for this bull run because price might not drop low again for more buyers to accumulate with low prices as it's now. Soon regret will kick into the market because some persons were busy about bitcoin price, rather than building a solid portfolio.

Bitcoin has performance so far is great with present datas, soaring over 60% so far in 2024.
We only anticipate massive bullishness after halving,

[Jegileman]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Are you asking to know when to buy or to know when to project yourself when selling? I think whatever the case may be, speculation can never be your main tool in achieving what you want in this bull run. You have to understand the market very well and follow it closely. Checking from many past predictions of where bitcoin is suppose to be today, many failed in that. Now waiting for another prediction to serve as guide in protecting and filling up your portfolio could be a bad idea again. Buy when you can and sell when you’ve reached your expected profit target. This bull run is going to be massive that’s all I have to say on this that I’m certain about.

[oktana]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I’m seeing some really wild guesses here and I’m hopeful they happen. Nonetheless I think that if it’s going low, it should go no lower than $60k. And if it must go below $60k, no lower than $55k! As for going up, I’m not sure to put a limit on that. But maybe we can see just about $80k-$90k but that doesn’t mean we can’t see higher, because looking at the price today, who would have thought we would get an ATH that quick.

[South Park]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I’m seeing some really wild guesses here and I’m hopeful they happen. Nonetheless I think that if it’s going low, it should go no lower than $60k. And if it must go below $60k, no lower than $55k! As for going up, I’m not sure to put a limit on that. But maybe we can see just about $80k-$90k but that doesn’t mean we can’t see higher, because looking at the price today, who would have thought we would get an ATH that quick.

It is also possible the halving and the weeks after are relatively quiet, after all the price has already gone up in a significant way prior to it, so it is likely the halving itself is already priced in by traders and it could take months for the market to gain enough momentum to begin to go up again, not that it bothers me as this is probably the last period of accumulation before the bull run appears on its full glory, and we need to take advantage of it before we see bitcoin surpassing six figures.

[_BlackStar]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Rest assured - you never know what will happen to bitcoin the next day. Predictions basically won't always be correct even if there are some benchmarks on which to base the analysis - but if you already have bitcoin in your wallet, then be grateful and get ready for bigger events.

Nowadays there are a lot of misleading predictions - I mean they don't do any analysis, but just guess the numbers wildly. You only have to be sure of one thing - the price will be more expensive when the demand increases, that is the hope that every current holder always expresses. Don't focus on how high or how low the price will be at the time of the halving - but focus on what you currently have in your wallet.

[goaldigger]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

This will depend on the market sentiment, either a hype or a FUD.
We have to understand that during the halving, the price of Bitcoin is not on the up trend since it always happens before and after the halving. I can still see the $100k target after halving, and we might see this price before the year end.

[salad daging]

That I don't know.

Before the halving already ATH
After the halving will soon be $100K.

I see the price going back to the current $70K path then probably the increase will definitely continue to happen maybe the demand is soaring right?

This approaching halving will always come with so many other positives so wait... We are not thinking about low prices right now.

[Gladitorcomeback]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

The market seems to be pretty positive at the moment, there isn't much negativity around, Bitcoin is moving up slowly once again, so I'm not expecting much of a dip at this point, however, we know how unpredictable the market is, it can always take a U-turn but even if it does that, it wouldn't go anywhere below $60k or in the worst case scenario, it might go up to $55k or something but that will be pretty low.

I'm optimistic that the upward movement during the bull run would make Bitcoin rally up to $100k pretty easily, and now that we have seen Bitcoin hitting a new all-time high so early, we can expect something blasting this time around and it is going to be pretty exciting. 

[BlackBoss_]

This is the craziest level I've seen of Bitcoin in its circle. At the moment it's over 80% and the
https://feargreedmeter.com which I use calls it Extreme Greed. The market is very much active and excited.

I did not know about that site but it is a Fear and Greed meter for cryptocurrency market, not for Bitcoin only.

Their meter point is 83 now and that site considers it as Extremely Greed. I don't feel strange as each site has its own formula and criteria to calculate the meter and define its meter categories.

https://www.coinglass.com/pro/i/FearGreedIndex
The index here is 83 points and marked as Extremely Greed too.

[Gozie51]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

The speculation for the bull run proper is around $150,000 and this is by popular assumption. So I also feel this is going to be a realistic standpoint if we go by the history of the price during ATH where it was doubled after every four years and some it was trippled like the last halving.

So the expectation is more of bull than bear although in between there could be a correction but since that will not be the trend, the price will keep going up until it reach a resistant point where it will find a falling point back to where it starts preparing for another halving.

[bangjoe]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

The speculation for the bull run proper is around $150,000 and this is by popular assumption. So I also feel this is going to be a realistic standpoint if we go by the history of the price during ATH where it was doubled after every four years and some it was trippled like the last halving.

So the expectation is more of bull than bear although in between there could be a correction but since that will not be the trend, the price will keep going up until it reach a resistant point where it will find a falling point back to where it starts preparing for another halving.

$150k is too far in my opinion, some negative sentiment towards the market is now quite emerging, we cannot look at technical or speculative assumptions two months before it happens, we also have to look at market movements and market sentiment in adjustments that may be achieved by bitcoin because the market can change in seconds even though the trend supports bullish but rampant FUD it will reverse the trend.
If it is calculated to be at $80k-$90k it is more than enough for the halving phase this time in my opinion, yes if it reaches $150k I am quite grateful but we must stick to the realities that may occur in the market. If you look at the scale of the bitcoin rainbow chart which is getting smaller and smaller as the price gets higher it will give a little explanation on the level of fluctuation of the increase.

[oktana]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I’m seeing some really wild guesses here and I’m hopeful they happen. Nonetheless I think that if it’s going low, it should go no lower than $60k. And if it must go below $60k, no lower than $55k! As for going up, I’m not sure to put a limit on that. But maybe we can see just about $80k-$90k but that doesn’t mean we can’t see higher, because looking at the price today, who would have thought we would get an ATH that quick.

It is also possible the halving and the weeks after are relatively quiet, after all the price has already gone up in a significant way prior to it, so it is likely the halving itself is already priced in by traders and it could take months for the market to gain enough momentum to begin to go up again, not that it bothers me as this is probably the last period of accumulation before the bull run appears on its full glory, and we need to take advantage of it before we see bitcoin surpassing six figures.

Of course it is. It could take time to go up further, I don’t really have much speculation there. But it terms of the price coming down, I don’t see how that can happen in just a couple of months after the halving (unless some bad news ensue). Many people are probably hoping to sell immediately after the halving but it’s possible that it’ll take a while just like you said.

[EL MOHA]

Of course it is. It could take time to go up further, I don’t really have much speculation there. But it terms of the price coming down, I don’t see how that can happen in just a couple of months after the halving (unless some bad news ensue). Many people are probably hoping to sell immediately after the halving but it’s possible that it’ll take a while just like you said.

The fundamentals are seriously changing the market this time around and it’s effect are seeing. I personally do not see a huge pump right after the halving and not much of a fall too. I think we might see a consolidating Marketing where the price doesn’t move much from his position. Currently there is a strong resistance at $72k and a support at $67k now. This two regions have been tested numerous time and the demand wasn’t able to breakthrough the resistance level while the supply also doesn’t have much sellers to break that barrier.

Price to me will remain like this until a strong fundamental narrative gets it to pump more and then we could witness a price of $80k but if it’s the reverse then we can see the support of even $56k getting tested

[GreatArkansas]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

If we base on this chart, the lowest it will go is $12,000 until this cycle on the current Bitcoin block halving.
But that number seems impossible now, we have less than a month left.

What I am waiting for is the next giga pump at any moment, as you can see, we already creating support in $68,000  - $70,000.

[$weetne$$]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Do you mean the correction that might follow after the Bitcoin halving is over or are you referring to how low will Bitcoin go before the halving. I think we aren't going any lower before the halving as the buying pressure is going to start coming in as we get closer to Bitcoin halving and for how far the price can go, there's an unlimited amount of prediction that we can predict about the market because everybody has their own prediction from the analysis that they have done. I have also done my own and I think we'll be trading very high too. Let see how high Bitcoin will pump before the halving, I'm expecting the price to be above $80,000 before the halving as we're already above $70,000 then Bitcoin will rise to $100,000 after the halving short term. The highest price isn't yet known but it should be higher.

[Wexnident]

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Within the year of the halving, I'd probably bet that $120k ish? would be the highest. Maybe even $150k if I'm going to be highly optimistic about it. It going down though, idk, I don't think it has any limit to that. I'd probably expect it to go down to $15k and anything beyond that would have to be determined after it happens instead of determining it now.  That's after all the pumps though since we usually experience a pretty large dump after a high pump. But well that's like probably a year or more later on, nothing to worry about for now imo.

[oktana]

Of course it is. It could take time to go up further, I don’t really have much speculation there. But it terms of the price coming down, I don’t see how that can happen in just a couple of months after the halving (unless some bad news ensue). Many people are probably hoping to sell immediately after the halving but it’s possible that it’ll take a while just like you said.

The fundamentals are seriously changing the market this time around and it’s effect are seeing. I personally do not see a huge pump right after the halving and not much of a fall too. I think we might see a consolidating Marketing where the price doesn’t move much from his position. Currently there is a strong resistance at $72k and a support at $67k now. This two regions have been tested numerous time and the demand wasn’t able to breakthrough the resistance level while the supply also doesn’t have much sellers to break that barrier.

Price to me will remain like this until a strong fundamental narrative gets it to pump more and then we could witness a price of $80k but if it’s the reverse then we can see the support of even $56k getting tested

I’m not sure of where the support really is but for the resistance, I think it’s $70k IMO. Numerous times that has always been where the problem lies. It goes up and gets there but can’t exceed it. And even if it doesn’t, nothing really above it. Currently it’s $70,600 which still falls under the $70k. If we can’t break the resistance, we’re likely not going to touch ATH in a while.

[el kaka22]

I do not think that it will be that low. I can see that price dropped before the halving last time, but that happened already, we have seen 65k and lower, which means that we are going to end up with nothing big. I feel like the most important part of this period would just be relaxing and letting the market recover. Look at it, it's already back to 70k which means that the drop before the halving we expected already happened and we are not seeing anything else.

We should probably consider the possibility of making a better situation happen, and we could probably see the situation change eventually. So the next up is bull run, with halving out of the way, it should be doing better and not really do that worse.