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Author Topic: What is going to happen with Bitcoin now?  (Read 961 times)
jaberwock
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May 16, 2024, 06:28:31 PM
 #101

I don't see any difference though in the previous bull run. Yeah, maybe we hit a new all time high before the halving, but it doesn't mean that we won't be sitting a massive bull run after it. And if you look at previous bull run, it will take at least months before we can finally see some semblance of a bull run in the market. So I doubt that we will not see a new all time high for this bull cycle. It's just a matter of time, and we are not even a month from the halving itself to say that there will be no rise, it's too early. For others this could still be a period of accumulation and then see the price at the end of the year, we could be very well looking at 6 digit future, I reckon. It's that we really need to have a lot of patience in this market.
I do agree that we are going to do very well, it is not going to be all that complicated, people see that we are going to go up, and this means that we are going to probably see a lot of people thinking that they could make money from crypto if they are careful. This is of course not a simple thing, it will take a while before we could see it change.

This is why I believe that the best thing to do right now would be not caring about the results at all, don't look at it currently because it goes up and down, think about the long term future and you will feel more hopeful about it. A lot of people are considering the situation to be risky because they are not aware of the situation, but if all looked at the long term, they would all buy.

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May 17, 2024, 11:14:13 AM
 #102

There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving.
Yes, it is just a normal correction. There should be a decrease after an increase. We already hits a new ATH before halving, it is normal if we have a big correction after halving. The Bitcoin price has dropped to $56k, now it is already raising a bit. Few days ago, Bitcoin price increased to $65k but it dropped again to $60k. I think the decrease is still reasonable, it is not dropping very drastically. Because Bitcoin price is still above $60k, we mustn't feel too worried if we set a target for a long term.

But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year.
It is true. After the halving, Bitcoin usually increased significantly again in the next few months. We can see this fact from the 3 previous halvings, all of them showed the same fact. If Bitcoin is in a sideway phase or in a decreasing phase, it is not really surprising because it happened in the previous halvings. We just need to be patient to wait for until the end of this year or until the next year.

When we look at the history of bitcoin price movements after the halving, the price usually increases, but this year it seems very different, the FOMO that bitcoin gives traders means that the price of bitcoin has already made a new ATH before the halving occurs. If we still follow the history of bitcoin price movements, it is possible that next year there will be a bullrun and bitcoin has the potential to reach a new ATH again.
I don't see any difference though in the previous bull run. Yeah, maybe we hit a new all time high before the halving, but it doesn't mean that we won't be sitting a massive bull run after it. And if you look at previous bull run, it will take at least months before we can finally see some semblance of a bull run in the market. So I doubt that we will not see a new all time high for this bull cycle. It's just a matter of time, and we are not even a month from the halving itself to say that there will be no rise, it's too early. For others this could still be a period of accumulation and then see the price at the end of the year, we could be very well looking at 6 digit future, I reckon. It's that we really need to have a lot of patience in this market.

Frankly, we also have no evidence to guarantee that history will repeat itself again, we will have a bull season in a few months. What we can do now is just hope and wait for it to happen, but there isn't any evidence that it will happen. So some people have never experienced a bull season before or look at what happened was bitcoin had its ATH before the halving and it's completely normal for them to be skeptical.

But in the end, whether the bull season comes or not, but in the long run bitcoin will still reach 6 figures and the only issue is time. Investing in bitcoin is a game that requires patience, those who are patient enough will be the ones to receive worthy rewards.

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May 18, 2024, 03:59:01 AM
 #103

I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
There is no need to worry bitcoin is now heading to bull season and i believe that few months from now btc will reach anothe ATH which is above 70k$ to 80k$ if we are going to look at the present price which is 66,900$ then we can say that we are only in a few percent away from 70k$ so i believe the bull season is almost here and we only need to wait for a small period of time.


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May 18, 2024, 10:46:59 AM
 #104

When we look at the history of bitcoin price movements after the halving, the price usually increases, but this year it seems very different, the FOMO that bitcoin gives traders means that the price of bitcoin has already made a new ATH before the halving occurs. If we still follow the history of bitcoin price movements, it is possible that next year there will be a bullrun and bitcoin has the potential to reach a new ATH again.
This shouldn't be really an issue, and we could consider the deal as something that will take some time. Of course it is not that clear if we could make money right away, but I think it is going to do fine, which shouldn't be really that much of a situation that is easy, because we should probably see the changes to be a lot more important given enough time but while waiting a lot of people will end up not realizing what kind of benefit we are going to have.

This is why it is going to be a lot of trouble for people who do not know what we are going to do, and because of this we are going to face some people selling earlier than they should, this main reason will cause a lot of trouble for people who do not understand the complete situation we are in right now.
Trust and patience are really what we need when vesting in Bitcoin. But having a lack of knowledge about this will certainly be full of uncertainties and not knowing what they will do next.

Until now, we are still not sure if we have already reached the ATH or not. We believe that history repeats itself and we assume that ATH will come next year but seeing the current situation, we might not know if we already missed it. But we can't lose hope and remain patient until the day the bear season starts again and then say it is over.
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May 18, 2024, 11:17:36 AM
 #105

There is no need to worry bitcoin is now heading to bull season and i believe that few months from now btc will reach anothe ATH which is above 70k$ to 80k$ if we are going to look at the present price which is 66,900$ then we can say that we are only in a few percent away from 70k$ so i believe the bull season is almost here and we only need to wait for a small period of time.
Today the price of Bitcoin is more than $67K and the price range of $70K is also a normal achievement because price ranges of that size have also occurred and are clearly visible this year. Because the highest price point ever reached by Bitcoin this year was more than $73K, so if you only hope for $70K, that is not a new ATH point for Bitcoin even though it is much more logical to expect from now. However, if you hope for $80K in Bitcoin this year, that is a new high if it can actually be reached this year and also the second ATH this year after previously at $73K more.

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May 19, 2024, 08:09:46 AM
 #106

According to experts when there is a climate change in the world many things change in the world and things are not like before again. And yes everyone was saying that bitcoin price will rise after the halving but the price of bitcoin rise before the halving and it hit the All Time High twice before the halving so some scholars came again to say thY bitcoin has hit it All Time High before the halving therefore it will not come again after the halving but we still have the hope that bitcoin will hit $100k to reach the All Time High in the season.

So we're all waiting the $100k all time high.
You have said it wrong, even next year is still after halving and the fact that bull season is not over yet, we can still expect a big bump in its price. So we have to stop assuming that there is no ATH nor do we think that there are no price improvements after halving because it is still possible.

Of course, I believe there are experts but their expertise never means they are always right as they can be wrong as well. Just think that the market is volatile and even if we are here for a decade or even since the start, we can't still say what really exactly happened in the coming days.
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May 19, 2024, 10:35:11 AM
 #107

I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
the price of Bitcoin can increase can also decrease it so I know very well that the price of Bitcoin is unpredictable so many people think that at the price drop in the market and it's going to continue to drop meanwhile is increasing because of more investors are coming in and they don't know that what makes the Bitcoin have more traffic for people who adopt bitcoin like so many companies now have adopted bitcoin so that is one of the things that makes the price of Bitcoin to continue Pushing Up
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May 19, 2024, 02:37:18 PM
 #108

According to experts when there is a climate change in the world many things change in the world and things are not like before again. And yes everyone was saying that bitcoin price will rise after the halving but the price of bitcoin rise before the halving and it hit the All Time High twice before the halving so some scholars came again to say thY bitcoin has hit it All Time High before the halving therefore it will not come again after the halving but we still have the hope that bitcoin will hit $100k to reach the All Time High in the season.

So we're all waiting the $100k all time high.
You have said it wrong, even next year is still after halving and the fact that bull season is not over yet, we can still expect a big bump in its price. So we have to stop assuming that there is no ATH nor do we think that there are no price improvements after halving because it is still possible.

Of course, I believe there are experts but their expertise never means they are always right as they can be wrong as well. Just think that the market is volatile and even if we are here for a decade or even since the start, we can't still say what really exactly happened in the coming days.

Either the bull season is over or the bull season we were waiting for hasn't really arrived yet, after all no one knows and all we can do is just wait and hope. But one thing I'm pretty sure of is that even if we don't have the expected bull season, bitcoin will increase in price and reach new ATHs over time. Bitcoin does not need a bull season to reach a new ATH, as long as the demand for bitcoin continues to increase every day, it is only a matter of time before bitcoin reaches its new ATH.
But as a bitcoin investor, and we have been accumulating and waiting through the past 3 difficult years, let's hope that there is a bull season ahead and those who wait will be rewarded.

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May 19, 2024, 04:31:44 PM
 #109

I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?


Dude you need to calm down.

Nobody can predict short term price movements. A big bull market has so far always occurred after the halving. That doesn't mean a day after the halving, or a week after the halving, or a month after the halving. Usually it takes around 6+ months after the halving for the bull market to start.

Whether Bitcoin goes up or down now shortly after the halving doesn't matter. Why are you so concerned with what the price is on such a short term scale? Bitcoin isn't a short term investment, it is a currency that is the best long term savings currency ever invented. Unless you are day trading there is no reason you should care that it was $57k recently, or $63k recently, or $67k today, etc.

If you are THIS worried over daily price movements you are NOT going to survive the next big correction or the next bear market.

Chill out, DCA into Bitcoin long term to increase your savings, and stop worrying about the price day to day or what you think other people said the price is going to be today or tomorrow or next week or next month.
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May 20, 2024, 03:45:06 PM
 #110

When we look at the history of bitcoin price movements after the halving, the price usually increases, but this year it seems very different, the FOMO that bitcoin gives traders means that the price of bitcoin has already made a new ATH before the halving occurs. If we still follow the history of bitcoin price movements, it is possible that next year there will be a bullrun and bitcoin has the potential to reach a new ATH again.
Even if Bitcoin price usually increased, there should be a correction. It is impossible that Bitcoin price will constantly increase after the halving. Moreover Bitcoin has reached the new ATH before halving, it should take time to increase again. Mostly, Bitcoin price will have the time for a correction and sideways if it just hits a new ATH. This is actually happening now, Bitcoin price looks hard to increase significantly again. The price looks a bit stable, it doesn't move massively in the last few weeks. This is normal, we shouldn't be so worried.

We are already in the bullrun season, mate.  Wink
What we are waiting for is the peak of Bitcoin price. We assume there will be another ATH. Most people predict it will be in the next year. But some people think it can be faster, they expect to see another ATH in Q4 of this year. Whatever the prediction, no one really knows when Bitcoin hits a new ATH.

It is normal for newbies to have the mindset that Bitcoin will have a possible pump during or immediately after halving but the reality becomes the unexpected to them because the fail to understand that Bitcoin possess a switch of mood at all time.
Newbies who learn the cycle, they must understand when the Bitcoin price will increase again after the halving. Newbies who think the price will increase soon, they may not learn anything about the previous halvings.

Sure, Bitcoin price will always fluctuate every time. But it sometimes fluctuates massively when there is a hype and good news. The price fluctuate isn't only caused by the halving.

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May 20, 2024, 05:59:59 PM
 #111

Simple answer right now should be an obvious reflection of the price history on a graph since March 4th.   Closing weekly bars makes it quite simple so I recommend those to simplify the sometimes cluttered view of BTC movement.

Since March 4th we've only ever once closed the week above 70k.    End of March we tried and held onto 71.3k by end of week, it was a success and a green candle.  However we lost that point and traded back down again.

Every other week for months now, this is the pinnacle of BTC endeavours.  We reach this summit then we reverse.  So what happens now is quite critical, if I can see it clearly then so can a million others.  Its a self reinforcing moment that will matter by all those traders watching it for significance.

  Pivotal point is now to surpass 70k and we succeed much higher but only sustain or hold here will bring a weakness test and increasing selling imo.

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May 21, 2024, 09:09:31 AM
 #112

There is no need to worry bitcoin is now heading to bull season and i believe that few months from now btc will reach anothe ATH which is above 70k$ to 80k$ if we are going to look at the present price which is 66,900$ then we can say that we are only in a few percent away from 70k$ so i believe the bull season is almost here and we only need to wait for a small period of time.
The time cannot be known, we can only speculate or make predictions but the market is extremely unpredictable, it is at $66k today, it can drop back to $60k tomorrow if some FUD or bad news is circulating in the market because retail investors are very sensitive and a small bad news can make them panic and once they start selling out of panic, the market can see a decline once again.

In case nothing like that happens and the market stays positive, we will surely see a new all-time high very soon, it wouldn't even take a few months for that to happen if there is positivity in the market, but if we see another correction or decline, then it is going to take more time for Bitcoin to reach $73k or go above it.

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May 23, 2024, 03:42:02 AM
 #113

I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
There is no need to worry bitcoin is now heading to bull season and i believe that few months from now btc will reach anothe ATH which is above 70k$ to 80k$ if we are going to look at the present price which is 66,900$ then we can say that we are only in a few percent away from 70k$ so i believe the bull season is almost here and we only need to wait for a small period of time.
What you say is really correct, there is no need to worry because bitcoin is going down. You can be sure that it will rise again soon. This has happened repeatedly, and it seems like bitcoin has indeed stagnated. It doesn't want to increase more than the ATH it made yesterday and doesn't want to fall too below.
After the halving, there should be a correction, of course, to be able to give Bitcoin the strength to increase even higher, but has it not happened yet, or will it not happen?
The time for the second ATH is still 2025, and it is still too long and there will always be surprises beforehand, and we will wait until the end of the year.

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May 23, 2024, 04:23:39 AM
 #114

I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
the price of Bitcoin can increase can also decrease it so I know very well that the price of Bitcoin is unpredictable so many people think that at the price drop in the market and it's going to continue to drop meanwhile is increasing because of more investors are coming in and they don't know that what makes the Bitcoin have more traffic for people who adopt bitcoin like so many companies now have adopted bitcoin so that is one of the things that makes the price of Bitcoin to continue Pushing Up

must know how to guess bitcoin trends when to enter and exit. Bitcoin price fluctuations are normal, but when there is a continuous decline due to FUD and news about interest rate increases by ETFs, you must take advantage, use technical analysis to know where to enter to get cheaper prices. when there is an extreme decline there will be a brutal rise when the market is quite saturated

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May 23, 2024, 09:25:51 AM
 #115

this is why you must not invest in bitcoin when you are not capable of of risking because this is
truly a type of investment that takes longer time before you can taste the profit .
and also if you wanted to invest in bitcoin you must know how much to wait tasting your product .
Yes. true, BTC is required to be mentally strong and not easily affected by the price of other coins when it drops and the worst possibility is that we will sell BTC to buy other coins. Investing in BTC predominantly uses long-term patterns, whether he is a beginner or not a beginner, or other solutions so as not to be easily affected by the following market corrections, if there is selling pressure from the beginning, just set a percentage of the funds we have, 50% for BTC and the rest for coins, other than stacking everything on the container.
That is true, BTC doesn't go up or down as volatile as other coins, which is why it is quite a strong situation to consider when we are talking about it. Obviously it is not going to be all that easy to make that work neither, we need to be careful about it. I personally believe that the best thing to do in this case would be making sure that we are dealing with bitcoin alone, and the other investments are a bit lesser.

This is why I have 50%+ of my portfolio in bitcoin, that makes it a lot better and we should consider making all of us have the same thing. The reason why bitcoin goes up and down but not as much as others is also the volume, because it has a lot more money going in and out, meaning it is not easy for rich people to manipulate it just by themselves.

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May 23, 2024, 03:55:08 PM
 #116

It is very difficult to understand the current market situation, as you said after the halving the price of Bitcoin tends to stabilize and fall. This means that this is not natural because usually when halving the price of Bitcoin will rise drastically in a short time. So far I have observed that the price of bitcoin tends to stabilize in the range of $60k-$70k. I don't know when this situation will end and the price of bitcoin will return to bullishness like the bullishness that occurred in the previous halving.

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May 24, 2024, 07:33:09 PM
 #117

There is no need to worry bitcoin is now heading to bull season and i believe that few months from now btc will reach anothe ATH which is above 70k$ to 80k$ if we are going to look at the present price which is 66,900$ then we can say that we are only in a few percent away from 70k$ so i believe the bull season is almost here and we only need to wait for a small period of time.
The time cannot be known, we can only speculate or make predictions but the market is extremely unpredictable, it is at $66k today, it can drop back to $60k tomorrow if some FUD or bad news is circulating in the market because retail investors are very sensitive and a small bad news can make them panic and once they start selling out of panic, the market can see a decline once again.

In case nothing like that happens and the market stays positive, we will surely see a new all-time high very soon, it wouldn't even take a few months for that to happen if there is positivity in the market, but if we see another correction or decline, then it is going to take more time for Bitcoin to reach $73k or go above it.
I would agree to this. The market looks bullish at the moment, but if negative news affect the market again then expect that everything will be bearish again, which opens a new opportunity to DCA more of our favorite coins in the market.

However, we can only predict it or speculate when it comes to bitcoin’s future price, but everything still relies to how bitcoin moves in the market despite of its high volatility. The good thing is when we talk about volatility, it doesn’t only mean btc price suddenly going into dips, but it can surprise us with btc reaching new heights, that’s why this volatility really excites everyone here.

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May 24, 2024, 08:24:31 PM
Merited by Fara Chan (1)
 #118

The time cannot be known, we can only speculate or make predictions but the market is extremely unpredictable, it is at $66k today, it can drop back to $60k tomorrow if some FUD or bad news is circulating in the market because retail investors are very sensitive and a small bad news can make them panic and once they start selling out of panic, the market can see a decline once again.

In case nothing like that happens and the market stays positive, we will surely see a new all-time high very soon, it wouldn't even take a few months for that to happen if there is positivity in the market, but if we see another correction or decline, then it is going to take more time for Bitcoin to reach $73k or go above it.
I would agree to this. The market looks bullish at the moment, but if negative news affect the market again then expect that everything will be bearish again, which opens a new opportunity to DCA more of our favorite coins in the market.

However, we can only predict it or speculate when it comes to bitcoin’s future price, but everything still relies to how bitcoin moves in the market despite of its high volatility. The good thing is when we talk about volatility, it doesn’t only mean btc price suddenly going into dips, but it can surprise us with btc reaching new heights, that’s why this volatility really excites everyone here.

Trends can change very quickly at times like this, even whales are very easy to manipulate even just by bluffing. If a whale send million of dollars in bitcoin to a particular exchange, then we can easily predict where the price will move next even though the whale is not actually selling.

FUD most easily affects investors and traders, panic cannot be avoided, in fact it is very easy to happen when bitcoin is at its peak price. The action of taking profits together and carried out continuously will make the price fall, of course this is the thing to be most wary of when the price has reached its highest point for a certain time frame. However, you can still take advantage of the opportunity among other people's panic "if that happens", of course you can buy and accumulate bitcoin at a lower price.
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May 29, 2024, 12:23:28 AM
 #119

It is very difficult to understand the current market situation, as you said after the halving the price of Bitcoin tends to stabilize and fall. This means that this is not natural because usually when halving the price of Bitcoin will rise drastically in a short time. So far I have observed that the price of bitcoin tends to stabilize in the range of $60k-$70k. I don't know when this situation will end and the price of bitcoin will return to bullishness like the bullishness that occurred in the previous halving.
You are right that it is very difficult to understand the current market situation, even before it was surprised by increasing before the halving and even creating an ATH, and when it passed the halving there was no very significant movement that occurred instead it stagnated.
After the halving, there should be a correction first, not an immediate increase. With a correction there is an opportunity to encourage it to increase later, Because the time to reach the second ATH is still very long, namely 2025, so there will be a new upward correction until it creates a new ATH.

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May 31, 2024, 11:25:52 AM
 #120

It is very difficult to understand the current market situation, as you said after the halving the price of Bitcoin tends to stabilize and fall. This means that this is not natural because usually when halving the price of Bitcoin will rise drastically in a short time. So far I have observed that the price of bitcoin tends to stabilize in the range of $60k-$70k. I don't know when this situation will end and the price of bitcoin will return to bullishness like the bullishness that occurred in the previous halving.
You are right that it is very difficult to understand the current market situation, even before it was surprised by increasing before the halving and even creating an ATH, and when it passed the halving there was no very significant movement that occurred instead it stagnated.
After the halving, there should be a correction first, not an immediate increase. With a correction there is an opportunity to encourage it to increase later, Because the time to reach the second ATH is still very long, namely 2025, so there will be a new upward correction until it creates a new ATH.

I wouldn't say that it's very hard to understand, it's already given that it's either to go up or down or just in the middle or sideway patterns. That is the only 3 pattern that you need to know to be able to stay in the market and make the right decision. If the prices goes down, then a perfect time to accumulate. If it goes up, then just wait an see how it goes or if you already buy when the price is in the dip then that is the good time to sell and make profits. Or if you are a long term investor, during the sideway pattern, it's best time to accumulate. Right now it seems that we are in sideway pattern so there's a lot of time for us to still buy and then just HODL.

R


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