When will the lowest price of the current cycle fall below the previous cycle ?

[JaanusRaim]

This hasn't happened before, but sooner or later, the lowest Bitcoin price of the current halving cycle must fall below the lowest price of the previous cycle.
When do you think this will happen first time?



                Highest      Lowest
I halving         26.15       2.24
II halving        1132        165
III halving     19345       3232
IV halving      67549     15760
V halving     124748

[cryptomaniac_xxx]

We have touch $57k isn't? It's around June 30 to July 1 and there are school of thoughts that goes around here and saying that it could be our bottom already. Unless we have another leg down. But if you look at the movement, it seems that the market is somewhat stable and couldn't go down hard below $60k.

So for now, we can say that it's the lowest low for this cycle already. And if we look at the cycle, it could have been happen this month. But the price continue to hold that $80k and so it's very hard to see it goes down at the end of this year.

And if we would go by your premises, $57k is < than IV halving price which is 67549.

[yhiaali3]

I don't know if I understood you correctly, but why do you think the lowest price for Bitcoin in the current cycle is lower than the lowest price in the previous cycle? That’s not a rule!

From my point of view, quite the opposite. Historically and economically, this has never happened in any previous Bitcoin cycle, as the "bottom" always rises from cycle to cycle with increased adoption and long-term growth of the network.

[Bd officer]

According to you, the price of Bitcoin should fall below $15k in this cycle. If it does, then history will be changed. Since there is no record of such a thing happening in history, I do not expect it to happen. Although it is not possible to say anything for sure in the case of Bitcoin, but I do not think that it will ever happen in the future.

You mentioned the list of Bitcoin's bottom and highest prices in each cycle and you can see that in each cycle, the bottom price and the highest price of Bitcoin are gradually rising upwards.

[OgNasty]

This hasn't happened before,

Yes it has.

[GreatArkansas]

This hasn't happened before, but sooner or later, the lowest Bitcoin price of the current halving cycle must fall below the lowest price of the previous cycle.
When do you think this will happen first time?



                Highest      Lowest
I halving         26.15       2.24
II halving        1132        165
III halving     19345       3232
IV halving      67549     15760
V halving     124748

I think you are looking at wrong level. Previous cycle low is too far, the one that market really test is the previous top. I remember last 2022 I was very confident that $20,000 is the bottom because it was the 2017 top, but still it wick below it and reach $15k. So for me the $57k this year is already that kind of break below $69k. If halving is the basis of every cycle, we still have more than a year for next halving.

[Frankolala]

I don't think that I understand your question or what you're trying to say because from the history of bitcoin, the price increases overtime making it impossible for the price of bitcoin in the current circle to fall below the previous circle low price. Only if you are talking about ATH prices from the price data you gave. I don't think that was the price of bitcoin during the previous halving, it's for the previous ATH and the current one which is $126k and not $124k.

[SamReomo]

I am not sure what will happen in a year but as far as I understand we already saw the lowest Bitcoin value of this cycle and I don't think we will see another huge dip for Bitcoin now.

Those who accumulated Bitcoin when it was below $60k after that huge dip are the ones who'll make most profit in this cycle.

I don't think we will see another dip that will take Bitcoin's value below $50k, those who missed last opportunity want something like that but unfortunately they missed that chance.