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Author Topic: Bitcoin halving, how low the price can be?  (Read 752 times)
Nalbo
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April 20, 2024, 02:50:46 PM
 #81

I believe whales would bring the price a few points below 50K just to mess with people with stop loss and leverage trading liquidation at 50K.
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April 20, 2024, 03:53:55 PM
 #82

Today could be the turning point in this wider debate, also Sunday and the end of week forming the close to the weekly bar will give us a good clue either way.   I want to see at least a close above the 50 day moving average.

What is happening right now of note is not just a recovery short term above the 62k mark which is bottom edge to the ranged box BTC traded in for nearly 2 months.  Also wider term we have to see in balance is the medium term momentum, 50 DMA is flattening out which means we can turn negative in a more serious way.


Since I got into the habit of famous quotes recently, as an analogy and in the unfortunate recent news context I find this one relevant:
Quote from: arafat
I come bearing an olive branch in one hand, and the freedom fighter's gun in the other. Do not let the olive branch fall from my hand.


I do find us on the precipice, we cant stay here forever.  With 50 day average threatening to decline every day we must find positive price action to counter act now or never.  Perhaps in BTC terms last dramatic but I find we need positive action now or it could be till autumn we have to wait to make this same fight upwards; likely lower over the summer is my thoughts.
  A couple indicators show us weaker now with the weight of volume then late Feb, price doesnt yet show that up.

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April 20, 2024, 04:35:53 PM
 #83


It was answered , 60k is the lowest and we still waits for the highest but so far the record shows 74k is the highest value of bitcoin before the halving.

Bitcoin does not go below the price of 60k$ so it is the lowest price before halving and now the price moves up to 63k$ so we hope the price will not go below this value so we can see good surges due to halving. I think 73k$ is the highest value of bitcoin and we do not examine another pump before halving that can bring more valuable price of Bitcoin so it is the maximum value before halving.



it is indeed that we have the different approach this year because we have broken the ATH before the halving and the price remain strong even now that we are celebrating the 4th halving time.

I assume that this halving will also be a better one like that of previously occurring halving but still the price does not elevate to the highest value so we have to wait because good news takes time to originate. Bitcoin once touched the value of 73k$ does not move again to such value so maybe due to halving this value becomes easy to achieve again.



 

 

 

 

 

 


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May 23, 2024, 01:09:51 PM
 #84

I think when the Halving occurs Bitcoin will experience a price increase of up to 2 or even 3 times. History proves that halvings always have a positive impact on Bitcoin prices because they help reduce supply. Even the halving is a good sign to bring Bitcoin price momentum. Therefore, although we cannot accurately predict the extent to which the price of Bitcoin will rise, what is certain is that when the Halving occurs, the price of Bitcoin will not decrease but will instead continue to increase.

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Fatunad
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May 23, 2024, 08:58:39 PM
 #85

I think when the Halving occurs Bitcoin will experience a price increase of up to 2 or even 3 times. History proves that halvings always have a positive impact on Bitcoin prices because they help reduce supply. Even the halving is a good sign to bring Bitcoin price momentum. Therefore, although we cannot accurately predict the extent to which the price of Bitcoin will rise, what is certain is that when the Halving occurs, the price of Bitcoin will not decrease but will instead continue to increase.
If we do base up on the marketcap of Bitcoin now then it would really be something realistic if we do speak for its price to be potentially be able to reach 2x or 3x on that upcoming bull run on which most of us is really that anticipating or something that expecting on which it would really be that something that will really be normally be people to project on. Speaking about how low would be the price it will be having then this is a type of question that no one really knows. Why? because if we do speak about probabilities or chances then this is something that cant really be known. There would really be several factors on which it could really be that affecting price movement or condition that we could really be having in the future but we do know that institutional funds are now flowing through crypto space on which we can say that it could potentially be able to reach up those new all time highs.

Bitcoin didnt fail to impress us on which breaking out those expectation into reaching new heights or into those levels that we hadnt been able to anticipate. This is why on the moment that you've been
dealing with Bitcoin or crypto investment in overall then you should really be that make yourself to be versatile as much as possible because we do know that when it comes to price then we would really be
that always keeping up with those speculations from time to time and this is something that you would really be needing up to do.

R


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May 23, 2024, 11:31:28 PM
 #86

~snip~Bitcoin didnt fail to impress us on which breaking out those expectation into reaching new heights or into those levels that we hadnt been able to anticipate. This is why on the moment that you've been
dealing with Bitcoin or crypto investment in overall then you should really be that make yourself to be versatile as much as possible because we do know that when it comes to price then we would really be
that always keeping up with those speculations from time to time and this is something that you would really be needing up to do.

Versatile in the sense that we have to know what is happening in the crypto market, carry out technical analysis and fundamental analysis because it is directly related to crypto market conditions. Someone who has never learned how to do market research properly will not be able to follow these trends. I always pay attention to the market to know what to do when prices crash and when prices pump. It is necessary to have a main target to sell so that there will be limits to selling and taking profit. following bitcoin price speculation will be very good to know how the latest bitcoin price movements are and what will happen next.

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