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April 09, 2024, 06:32:23 AM |
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The halving will take place in the month of April and once the halving takes place, the price of Bitcoin will rise. But surely this April Bitcoin price will definitely break the previous record and set a new record. Because March had the highest increase in Bitcoin price which was 73.6kIt touched up to dollars. So it is expected to peak when the price of Bitcoin starts to rise this April.
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EarnOnVictor
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April 09, 2024, 09:10:06 AM |
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I just voted Yes here, it's so likely that Bitcoin will hit $75,000 this month. First, this is the much-anticipated month of halving, and second, the asset itself has done the needed correction. Thirdly, it is above important support levels on the daily chart with a bullish price action. Holding above the TrendMagic line of $67,629 and the daily chart Fibo level of $65,432 are key factors for it to continue to rise this month. It however hit $73,000 yesterday, I believe that if it can breach the monthly high of about $72,750, it will continue to push higher for the test of the $75,000 expected this month. A breach above the level might make it proceed even higher, but I do not see this market hitting higher than $85,000 in April regardless of halving.
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Minor Miner
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April 09, 2024, 09:59:13 AM |
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I just voted Yes here, it's so likely that Bitcoin will hit $75,000 this month. First, this is the much-anticipated month of halving, and second, the asset itself has done the needed correction. Thirdly, it is above important support levels on the daily chart with a bullish price action. Holding above the TrendMagic line of $67,629 and the daily chart Fibo level of $65,432 are key factors for it to continue to rise this month. It however hit $73,000 yesterday, I believe that if it can breach the monthly high of about $72,750, it will continue to push higher for the test of the $75,000 expected this month. A breach above the level might make it proceed even higher, but I do not see this market hitting higher than $85,000 in April regardless of halving.
If the market shows Fomo signals because of the halving event and helps bitcoin reach $75k, why can't it rise to $85k or $90k? I personally believe that if bitcoin can surpass $75k then the $85k target will also happen this month or there will be a delay of early May. But what I find a bit worrying is that everyone expected growth in bitcoin and the halving was the catalyst here. This makes me a bit nervous because I find that most of the time bitcoin does not move according to the wishes of the crowd. But I hope my worries are wrong and things will work out as everyone wishes. We had to wait many years to see the halving event and no one wants bitcoin to be dumped again.
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AakZaki
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April 09, 2024, 03:36:53 PM |
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“Buy rumors, sell news” I still believe in this saying and still believe it will be used again. I mean bitcoin will continue to rise and reach ATH this month before and after the halving. The story of halving is similar to the story of ETFs, which will be used by market makers to create attractive stories that create excitement for investors. And to be able to create excitement and Fomo in the market, pumping bitcoin is necessary, so it is certain that next week we will soon see bitcoin prices increase and some POW projects will also increase.
These terms have always been a guideline that will never lie, as long as your mentality is still strong enough then follow these words. Don't panic too much, just buy below and sell above. halving makes it quite different and only days are left. Bitcoin continues to be pumped and this is certainly not the end. there will still be crazier increases. Bitcoin continues to print new ATHs to silence those who are not in line with Bitcoin.
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Poker Player
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April 10, 2024, 04:38:17 AM |
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I voted "yes", like the majority, Well, I think that at the prices we are at, a little below ATH, which has been at these levels for some time, and the proximity of halving, it is simply more likely that at the end of the month the price will be higher. I'm not saying that's necessarily the case, but what I think is more likely. In any case, in the months after halving I expect an approach to $100K, although I think beating that figure will take a few tries.
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EarnOnVictor
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April 10, 2024, 07:16:54 AM |
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I just voted Yes here, it's so likely that Bitcoin will hit $75,000 this month. First, this is the much-anticipated month of halving, and second, the asset itself has done the needed correction. Thirdly, it is above important support levels on the daily chart with a bullish price action. Holding above the TrendMagic line of $67,629 and the daily chart Fibo level of $65,432 are key factors for it to continue to rise this month. It however hit $73,000 yesterday, I believe that if it can breach the monthly high of about $72,750, it will continue to push higher for the test of the $75,000 expected this month. A breach above the level might make it proceed even higher, but I do not see this market hitting higher than $85,000 in April regardless of halving.
If the market shows Fomo signals because of the halving event and helps bitcoin reach $75k, why can't it rise to $85k or $90k? I personally believe that if bitcoin can surpass $75k then the $85k target will also happen this month or there will be a delay of early May. The market is so funny, you can't expect it to continue to do the same thing all the time, and the time you expect it to behave in a certain way might be the time it does the opposite. What Bitcoin displayed so far should make any futuristic speculators be careful, anything can happen. The coin moved beyond expectation in recent times, so the halving that people are so much expecting may not be the saving grace this time, that's the market psychology for you. Just like how it behaved during the ETF fillings, the headlines, news and rumour made Bitcoin move significantly higher last year. That was before the actual approval happened. Now, what happened when the ETF was actually approved? Bitcoin first dived down to the south earlier this year before later stabilizing and found its path upward afterwards and has not moved so much above the time it dived down till today. That could mean something when the market is hesitant, be sceptical as well. The same move is what I suspect this time which made me doubtful of the $85,000 immediately after halving. And hitting $75,000 and even breaching for a while doesn't automatically translate to significantly breaking it. There could be false breakout which will always be greeted by a powerful market reversal or retracement as the case may be. If this is now happening immediately after the halving, it could turn the whole market sentiment negative for as long as posisble.
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traderethereum
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April 10, 2024, 07:42:14 AM |
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I doubt bitcoin can close above $75k this month. But that could happen if there is a lot of positive sentiment. Considering that currently the price is still undergoing correction, that's what makes me unsure. However, we know that bitcoin can surprise after the halving. Such sudden increases have happened frequently so we can expect the price of bitcoin to close above $75k this month. The feeling is still as usual, waiting for the ATH price of bitcoin to occur while enjoying the ups and downs of the bitcoin price. And I'm also curious about the price of Bitcoin after the halving.
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DanWalker
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April 10, 2024, 12:34:01 PM |
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I think in contrast to you, I personally appreciate the impact of the ETF more than the halving. But in the end it's all just news for sharks to legitimize their manipulation. To me, the movement of bitcoin or the cryptocurrency market is still more manipulated than based on supply and demand and that's why I don't put much hope in the big events that most people expect.
ETF won't have more impact than the halving. In fact, to be it's ETF that has the more shot term increase. Even before the EFT approval, I predicted this to happen. I knew it would have an impact and bitcoin price will increase but in a short period, there will be a correction. With the halving prive goes up over time, not over a short period of time like it was after ETF approval. This has always been the behaviour of bitcoin during each halving, not like it's a certainty, there would be no risk if it was certain, but there a very high percent chance of it happening. What makes this year's halving more unique is that the ETF approval has created more awareness to bitcoin, so that means more investors and more investors means more buying and higher price increase. Corrections, when it comes to bitcoin are a normal thing. When bitcoin is manipulated, it usually has a short term effect before it corrects, but when it was determined by market forces and other economic and financial factors that affect the players, it's happens steadily. Bitcoin price is hardly ever stable for a long period of time. It can only revolve around a certain range like how it was on 65 - 69 recently before finally breaking away to >70k. It's okay to have your own investment style and trust your decision, but it not right to based it totally on a bunch or feeling. Intuition is good, but don't base your whole investment on that alone. It's common knowledge that with bitcoin, long term investment is best, and this is a proven fact. If bitcoin price drops to 50k from 72 today, all you gotta really do is hold for much longer. The halving story is not new and we have mined over 19 million bitcoins and have just over 2 million bitcoins left unmined. Halving will still be a notable and meaningful event for bitcoin but I think what bitcoin needs more is its legitimacy and popularity. Scarcity is useless if the demand for it does not increase, and to be able to make the demand increase sharply. And to achieve global adoption, legitimacy is absolutely necessary and that is why I value ETFs over bitcoin halving at this stage. People have a habit and are too dependent on that habit of always thinking that bitcoin will increase in price after the halving, and because of that, many people who missed out on bicoin suddenly created a new ATH before the halving. Personally, I don't like being too rigid and always want to update and adapt to rapid changes. I believe that once the ETF is passed, everything will change and will be very different, it will no longer follow the old rules we used to know. Time will tell everything, who will be right and who will be wrong ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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letteredhub
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April 10, 2024, 01:12:32 PM |
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The optimism we all have around this time about the price of bitcoin has been the real drive for our unwavering stacking in anticipation for the halving, you find out that periods like this a great number are on the buying side with just an insignificant number of investor selling which is why I am with the sentiment that bitcoin will close above $75k before the end of month April. The only thing stoping this is probably a bad market news in the middle of the month creating FUD that kicks panic into the mind of investors to sell otherwise $75 is a reality.
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Ayers
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April 10, 2024, 01:30:51 PM |
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The CPI increased and exceeded expectations, and all financial markets are in the same "red" color, including bitcoin. 10 days from now the halving will take place and 20 days until April will end, does anyone here want to change their opinion about the market this month? Or are you still optimistic that bitcoin will continue to rally and conquer new ATH like the vote OP gave?
Things are not looking good with the CPI being higher than expected but I still believe April will still be a good month for bitcoin. I haven't changed my opinion on bitcoin this month.
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STT
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April 10, 2024, 11:59:49 PM |
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The question can be read two ways, will we close at all above 75k in April. Yes we will, sure why not pure volatility spikes can get us that far by lunch time and we sell back down by dinner.
The bigger question and Im guessing the intended question perhaps is to get 75k, hold 75k and maybe most of all to close the final day of April above 75k. I guess it helps if the monthly bar on a giant graph using months would show 75k sustained, thats a mighty big building block by which we might go on so high as to touch space eventually.
Grand ambitions but first I would guess the best bet is that unless otherwise indicated we are always set to repeat and that means another March for April, I actually thought previously we'll sell into a negative April so this sideways close would be comparatively positive in resisting these profit taking temptations by so many who have held maybe a year or more; surely BTC is doing very well even while standing still.
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CageMabok
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April 11, 2024, 11:20:48 AM |
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The halving will take place in the month of April and once the halving takes place, the price of Bitcoin will rise. But surely this April Bitcoin price will definitely break the previous record and set a new record. Because March had the highest increase in Bitcoin price which was 73.6kIt touched up to dollars. So it is expected to peak when the price of Bitcoin starts to rise this April.
Now we are in April, and Bitcoin prices are still in the range of $70K to $72K, which could possibly exceed the previous record high. But we also need to analyze purchasing power and sales volume when the halving starts so that we can make a more accurate estimate of the price that Bitcoin will reach this month. Because everyone hopes that this April can be a really good month for Bitcoin in order to see new records that are not common in Bitcoin.
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348Judah
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April 11, 2024, 11:33:55 AM |
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I suspect that the ending part of this month of April will be more pumping than we had it when it first started, maybe this may be due to the close of halving by then or other economic activities that may affect the buy and sell of markets to either increase or decrease under the demand and supply chain, tis is how i see the market performance, but anything can change, we should henceforth be expecting for more bull than bear in this season as we continue in the bullrun for the year 2024.
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Wind_FURY
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April 11, 2024, 11:50:23 AM |
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I believe the poll should be, "Is the halving priced in? Yes or No?" ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Although, the current poll already gives almost the same observation. Above $75,000 = "It's not priced in". Below $75,000 = "It's priced in". During the last cycle I had the belief that it was already priced in weeks before the halving, and I also believed that a surge would come months later after that halving. But Bitcoin proved that I was wrong.
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rodskee
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April 11, 2024, 11:56:22 AM |
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Sorry for getting this a tad late. I went on a little trip and had some fun with some friends for a couple of days. But yeah... Here's a really easy one... 'Will BTC close above 75k this month?'. That's like a tad under 10k from where the price is now. But you tell me. How do you feel about it? I think it could cross above it easy after the halving. But sometimes we just don't know with these things. So let's see those votes. Here's the monthly chart. It looks reeeaaally good. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FMp8q3qXy%2FA6-ABCCFB-B3-E9-4792-AFD8-E80-CDFBCAC70.jpg&t=665&c=OFEZB3ME-JYQkg) of course like those recent POL monthly that majority of Bitcoiner are positive about the future of bitcoin or at least these past many months that market is showing differently to what we have experience in the past weeks so that would be the reason why votes continuously making positive to almost everyone. The optimism we all have around this time about the price of bitcoin has been the real drive for our unwavering stacking in anticipation for the halving, you find out that periods like this a great number are on the buying side with just an insignificant number of investor selling which is why I am with the sentiment that bitcoin will close above $75k before the end of month April. The only thing stoping this is probably a bad market news in the middle of the month creating FUD that kicks panic into the mind of investors to sell otherwise $75 is a reality.
not sure if this is also the trend in the past pre halving months? because for what we have seen just last halving? in the halving month itself the price starts falling because people are selling instead of buying.
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kentrolla
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April 11, 2024, 08:26:47 PM |
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I believe the poll should be, "Is the halving priced in? Yes or No?" ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Although, the current poll already gives almost the same observation. Above $75,000 = "It's not priced in". Below $75,000 = "It's priced in". During the last cycle I had the belief that it was already priced in weeks before the halving, and I also believed that a surge would come months later after that halving. But Bitcoin proved that I was wrong. It's high time we can expect the unexpected outcomes because similarly I had so many speculations based on the Bitcoin history like Bull run will start only post halving and ATH can be teach only post halving but it turned out wrong. I personally don't see a different pattern in BTC price than what it was last month and I belive we may see some changes in second half of April but I may be wrong.
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Wind_FURY
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April 12, 2024, 07:57:54 AM |
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I believe the poll should be, "Is the halving priced in? Yes or No?" ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Although, the current poll already gives almost the same observation. Above $75,000 = "It's not priced in". Below $75,000 = "It's priced in". During the last cycle I had the belief that it was already priced in weeks before the halving, and I also believed that a surge would come months later after that halving. But Bitcoin proved that I was wrong. It's high time we can expect the unexpected outcomes because similarly I had so many speculations based on the Bitcoin history like Bull run will start only post halving and ATH can be teach only post halving but it turned out wrong. I personally don't see a different pattern in BTC price than what it was last month and I belive we may see some changes in second half of April but I may be wrong. But if you ask me, I believe NOT. We should definitely expect the EXPECTED after the halving, and that's it is NOT priced in. The current market situation is merely a correction/people selling because the believe it's priced in. BUT absolutely like last cycle after the halving, price started increasing little by little until it SURGED and it will SURGE after the halving AGAIN.
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moneystery
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April 12, 2024, 09:26:34 AM |
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i am optimistic that bitcoin can approach or reach 75k usd this month, since many investors are optimistic about the halving and coupled with market conditions which tend to be stable and there is no negative news which makes investors want to sell their assets. even though this is a temporary condition, because it seems that before the halving we will experience a bear market, for people who want to make a profit, maybe now is the right time to sell.
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STT
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April 13, 2024, 07:33:12 AM Last edit: April 13, 2024, 07:50:43 AM by STT |
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Judgement day for BTC except its a Saturday, I would prefer a week day for good volume but we'll see how this weekly bar ends. Its a big deal now because price fell to the 50 DMA and the fight is now an active contest between the bulls and bears in this area. Moving averages arent resistance or support, it is just an indicator of the wider picture but so many people are aware it becomes a battle ground.
We'll see how it goes down, the vice will continue to tighten as 50DMA rises every day, 66.5k today and lows are retracting away from any sell below that measure. Again this is people observing and buying not solid support as such hence I think further troubles are at least possible to develop. I think 62k was where I was thinking more like a hard line because it relates to actual prior trading hence some volume support also.
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Yaunfitda
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April 13, 2024, 10:45:03 AM |
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i am optimistic that bitcoin can approach or reach 75k usd this month, since many investors are optimistic about the halving and coupled with market conditions which tend to be stable and there is no negative news which makes investors want to sell their assets. even though this is a temporary condition, because it seems that before the halving we will experience a bear market, for people who want to make a profit, maybe now is the right time to sell.
We had a minor correction again, as there could be negative news that pull down the price to $67k. But yeah, maybe $75k is possible as we will have the halving in the next couple of days and this could be the last leg for investors who wants to buy at the current price of below $70k. So it's going to be very excited days, we should just look at the fundamentals for now, and not complicate things with TA this weekends. And usually Sat-Sun is a slow phase, volume is not the big as everyone could be just settling down and waiting for the block halving to happen.
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