A new ATH before halving. Is it possible? - page 5.

348Judah

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Quote from: Volimack on February 22, 2024, 01:42:50 AM

This is not only the first time bitcoin has made a new ATH before the halving. It is forecast to hit a record high for bitcoin. With the increase in the price of bitcoin many investors are joining the market and the demand for bitcoin is increasing which is the new way to increase the success. Bitcoin's price movement goes up and down in this way. The future will be better just have to wait longer.

As at the current time now, bitcoin is yet to reach its all time high, we can possibly see this before the halving and it may happen that we did not experience it before halving, we are as at this time around $50,000 to $52,000 and still have a kittle way to go in other to rally round the last and previous all time high of $69,000 while we should be getting ready gradually for the Bullrun to take place anytime after halving.

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Quote from: Volimack on February 22, 2024, 01:42:50 AM

This is not only the first time bitcoin has made a new ATH before the halving. It is forecast to hit a record high for bitcoin. With the increase in the price of bitcoin many investors are joining the market and the demand for bitcoin is increasing which is the new way to increase the success. Bitcoin's price movement goes up and down in this way. The future will be better just have to wait longer.

Smart investors and those who are experienced in the crypto market and in investing in Bitcoin have entered the market long ago to buy Bitcoin as an addition to their own portfolio to achieve very high success when Bitcoin again prints an ATH through its price in the market. Because those who enter the market when Bitcoin prices are as high as they are now will not get more profits compared to investors who started buying Bitcoin when it was still at $30K last year.

kotajikikox

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Quote from: Fundamentals Of on February 14, 2024, 09:16:37 PM

Ever since its creation, Bitcoin's ATH is reached after the halving, more than a year after the halving to be more precise. There have been three halvings so far. This kind of pattern is true to all of them.

But I'm becoming curious this time around. The price has already reached $52,000 and we are still 2 months away from the halving. Bitcoin's ATH was reached on November 10, 2021. 2 months prior to that, the price was only around $46,000. From $52,000, it only took a month for Bitcoin to reach an ATH of $69,000.

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

We already experiencing uniqueness in the market because looking at the chart in the past before halving season this month should be the start of dumping but yeah this is different now.
the market is still climbing little by little so maybe we will be seeing more increase , but to take new ATh seems to be not passing anytime soon.

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Quote from: YOSHIE on February 17, 2024, 10:10:54 AM

Quote from: Fundamentals Of on February 14, 2024, 09:16:37 PM

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

We saw the halving before where when the halving occurs a new ATH will be seen, as you mentioned yesterday's ATH $69,000, which has happened, I believe the ATH this time could reach $80k, that's a reasonable speculation for me, for $100k not halving this time, maybe in the future.

If you look at it, all crypto users around the world are curious about the halving this time, considering that for Bitcoin there are no real signs of certainty yet, but I remain optimistic that this time the new ATH halving will occur, we just have to wait for the day and date when Bitcoin will make all crypto users amazed.

That was during or after it but what he was asking here is before the event comes. Halving was rumoured to occur in April so we still have 1 month or more left and I think that's still a lot to see a ground-breaking changes in the price of BTC. $80k was still an impressive ATH and what is more impressive is if it will be reached before the halving time but how much more after that?

I think $100k is truly possible. We should not limit our selves for the possibilities of BTC especially if we are also investing on it. You guys don't want a nice profit? You want it right? So, be like me and others who are too optimistic. If there are curious here, they are only the new users, not the experienced one.

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Quote from: Fundamentals Of on February 14, 2024, 09:16:37 PM

~
Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

I guess we can simply say that "History doesn't always repeat itself." then. Cheesy

Or maybe we can say that history might repeat it, but it isn't the same.

Bear market - 2 years of accumulation - bull market. This has been the cycle for Bitcoin for many years, and every time we see a halving event happen, its price increases at least 6 months after that. Now to answer that question, my answer is NO. Reaching a new ATH before it is kind of impossible for me because I don't see Bitcoin's price increasing by at least $17,000-$18,000 in 2 months.

Well, I believe that the acceptance of a Spot Bitcoin ETF increased the demand for Bitcoin, and since the weekly Bitcoin that's being minted didn't change, that might result in an increased price of Bitcoin, but moving that much in just a short amount of time. I don't know, but I'll be surprised if it will surpass its past ATH before the event even happens.

Volimack

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This is not only the first time bitcoin has made a new ATH before the halving. It is forecast to hit a record high for bitcoin. With the increase in the price of bitcoin many investors are joining the market and the demand for bitcoin is increasing which is the new way to increase the success. Bitcoin's price movement goes up and down in this way. The future will be better just have to wait longer.

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Quote from: 8rch7 on February 21, 2024, 10:04:17 PM

Quote from: Wiwo on February 21, 2024, 06:12:32 PM

If Bitcoin could reach 58-60k before the next two weeks, it will become obvious that we are set for the new price high and so we will have a different view and records for the future, but not the first time that is happening.

For next two weeks seems still difficult for bitcoin reach to $58k to $60k after success raising up last several days and current bitcoin seems stuck for breaking out the new higher price. Always has possibility and not impossible bitcoin can raise higher price but its need more longer time waiting for than our expectation exactly any opportunity bitcoin new ATH before halving or not.

It seems difficult but that doesn't mean it's impossible, I always look at this from a positive side after seeing what has happened in recent times with Bitcoin price movements that are beyond many people's expectations so I think it is also possible to happen in the future.
So I speculate that seeing a new ATH before it halves is more likely.

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Quote from: Wiwo on February 21, 2024, 06:12:32 PM

If Bitcoin could reach 58-60k before the next two weeks, it will become obvious that we are set for the new price high and so we will have a different view and records for the future, but not the first time that is happening.

For next two weeks seems still difficult for bitcoin reach to $58k to $60k after success raising up last several days and current bitcoin seems stuck for breaking out the new higher price. Always has possibility and not impossible bitcoin can raise higher price but its need more longer time waiting for than our expectation exactly any opportunity bitcoin new ATH before halving or not.

Quote from: Smartvirus on February 21, 2024, 06:18:04 PM

2 months is such a long time if we compare that with what Bitcoin is doing now. There would be some bearish movements as we could see it to have dropped a little today so yeah, some bearish moves would be observed later on but, there is a greater possibility of Bitcoin breaking its current ATH before the halving.

Actually still too long for predicting bitcoin potential will make new all time high before halving of not with two months left, all good or bad possibilities are waiting for will bitcoin success break out new ATH or has chance bitcoin get bigger correction before recovering. I think lets see several weeks later and how bitcoin movement raise up or get down before predicting speculation bitcoin opportunity with new ATH during halving time.

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Quote from: OgNasty on February 14, 2024, 09:40:16 PM

I would have said it isn’t possible a few months ago, but this latest rise puts an all time high at any moment on the table. Even when Bitcoin was hitting it’s all time high last time there was virtually no stoppage between $69K and $50K. I can’t say when the move for the all time high will happen, but I know that when it does it will be quick.

It’s not surprising that Bitcoin is doing these numbers despite the hike in the price. It’s likely what you find when the network gets a wide adoption like it’s gotten now compared to the halving before now and some years back. People no longer want to just wait or allow their skepticism get the best of them and they loose out.

2months is such a long time if we compare that with what Bitcoin is doing now. There would be some bearish movements as we could see it to have dropped a little today so yeah, some bearish moves would be observed later on but, there is a greater possibility of Bitcoin breaking its current ATH before the halving.

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We are a few thousand dollars away from the last all-time high and at that bitcoin doing a 52k price is definitely changing the narrative and way expect to see an all-time high price before Bitcoin halving, and if that happens that we have a new all-time high price before the next halving, it does make it the first time in Bitcoin history where we see all-time high before Bitcoin halves and at that, we may say that this is a repeat of what had once been recorded.

And since the last few months, many speculations have changed position and a lot have been calling for pre Bitcoinhalvesn bull market and the current market condition is pointing in that direction and with time, we will likely know which position the market is going.

If Bitcoin could reach 58-60k before the next two weeks, it will become obvious that we are set for the new price high and so we will have a different view and records for the future, but not the first time that is happening.

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Every cycle and after the halving, it's always unique.

That's why we might see another unique ATH and bull run this time. But about the price of how much it will be for Bitcoin, safe predictions are telling that it might reach $100k.

And there are other higher speculations but as told to be safe, that's it for this cycle and the pattern goes on for the next years to come.

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Honestly, I could say that we are too optimistic to think of an ATH before halving, that is impossible. I've been in the crypto space for quite some years and it never happens before halving but just after it. I don't think the market has totally changed now to say that a new ATH is possible next month. Optimism is great but too much is different and the result is desperation. I don't have a crystal ball to see the future of Bitcoin but possibly We're just about to wait for 1 year (possible) before seeing the new ATH. Just be patient people, it will come momentarily.

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Quote from: fzkto on February 21, 2024, 01:17:30 PM

Quote from: snipie on February 19, 2024, 03:54:00 PM

Quote from: fzkto on February 19, 2024, 12:37:47 PM

I think the big funds bought the coins at the last bottom and now have a big profit. It turns out they have already made x3 in a year. And now these funds need to gradually sell their coins. I want to be wrong, but there is a reason why there was a good rise on etf news.

It is always hard to precisely tell why the prices of Bitcoin and the rest of cryptocurrencies are rising because there isn't a single factor but it is very complicated.
The ETF news might be a factor itself because certainly there is many new players in the field that joined recently but there is also the approaching halving that might gave a boost and of course big players that saw an opportunity of these events to boost a little the market...

Now to answer the OP question, I think it is a little bit hard to see a new ATH in the next month but few days before the halving, things might go messy and we could see it happening. I say 20% we might see that and I believe it will not last long if that happened before the price goes down for a while.

There have been many times when bitcoin has grown by 30% or more in a month. But there have also been big drops in just a few days. For example, when there was a covid dump, or luna crash, or ftx crash. I don't want to think negative, but now many people are euphoric because bitcoin has grown well lately and will soon be halving, which should push the price up again. But if you look at the chart, there hasn't been a correction in a while.

Always keep in mind that those fundamentals or news could happen unexpectedly and come to think that this market could move out without any reasons whether going up or down.
We've seen that 5-10% increase or decrease on a single day on Bitcoins price is really just that an ordinary day that we do have.In todays situation or condition then lets just accpet the fact that
5% rise or 10% or more is something that means something.There would really be news that will be correlated into it considering that adoption rate has increased as of these years and the
institutions and big players had already come in then we can really say that there would really be those things that could affect out price movement.

Now on the question if new ATH is possible before halving? No one really knows. If this current price movement would be continuous until halving then we might be seeing
those higher numbers but basing up on observation then it wont really be an easy ride.

STT

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Its possible but not probable to me unless the price action wants to prove me wrong. My opinion matters little if the evidence overrules that opinion, I dont matter it has to be a reflection of the market so Im watching this current area.
We are below the weekly average and also today we have drifted below and been capped by the 12hr average so a couple negatives to show a pullback is occuring. After noticing that we have to decide on what time scale if that decline or sell due to occur. If its purely short term then its actually a great positive, the negative challenged and lost the battle hence we must adjust our aim upwards once that sell is done.
For now its still in decline and the line in the sand to watch the tide is about 49k otherwise we go back to 50 day average imo 46k. each further step down the rungs on the ladder I estimate no new ATH near term.

TopTort777

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Come on people. Stop dreaming. It is still to much to new ATH and halving is almost around the corner. Plus we are somehow stuck on 51-52k. Do you really think that Bitcoin can gain about 20k out of nothing? When all what is was doing lately is gaining in price. Isnt it time for trend to change already? Whole 2023 it was only gaining. According to 4-year-cycle it is about time to start bear season.

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Quote from: snipie on February 19, 2024, 03:54:00 PM

Quote from: fzkto on February 19, 2024, 12:37:47 PM

I think the big funds bought the coins at the last bottom and now have a big profit. It turns out they have already made x3 in a year. And now these funds need to gradually sell their coins. I want to be wrong, but there is a reason why there was a good rise on etf news.

It is always hard to precisely tell why the prices of Bitcoin and the rest of cryptocurrencies are rising because there isn't a single factor but it is very complicated.
The ETF news might be a factor itself because certainly there is many new players in the field that joined recently but there is also the approaching halving that might gave a boost and of course big players that saw an opportunity of these events to boost a little the market...

Now to answer the OP question, I think it is a little bit hard to see a new ATH in the next month but few days before the halving, things might go messy and we could see it happening. I say 20% we might see that and I believe it will not last long if that happened before the price goes down for a while.

There have been many times when bitcoin has grown by 30% or more in a month. But there have also been big drops in just a few days. For example, when there was a covid dump, or luna crash, or ftx crash. I don't want to think negative, but now many people are euphoric because bitcoin has grown well lately and will soon be halving, which should push the price up again. But if you look at the chart, there hasn't been a correction in a while.

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It can be possible or may be not depends on the market situations, if we have hold bitcoin then it is necessary to wait until it touched new ATH. If bitcoin reach to the highest value like 69k$ before halving then there is a possibility that after halving it will touch 100k$.

Every moment is unpredictable in cryptocurrency world and we don't know that what will happen before or after halving and all the cost of bitcoin which people are describing is just a prediction nothing else. There is some time remaining for halving so may be it reach to such higher worth of 69k$ but still there is no guarantee.

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Quote from: Fundamentals Of on February 14, 2024, 09:16:37 PM

Ever since its creation, Bitcoin's ATH is reached after the halving, more than a year after the halving to be more precise. There have been three halvings so far. This kind of pattern is true to all of them.

This is what I also noticed because now that we are nearing Halving we should have
experiencing dumping like what we have in the past halving but now look at the market.

Quote

But I'm becoming curious this time around. The price has already reached $52,000 and we are still 2 months away from the halving. Bitcoin's ATH was reached on November 10, 2021. 2 months prior to that, the price was only around $46,000. From $52,000, it only took a month for Bitcoin to reach an ATH of $69,000.

well that is something we need to look at.

Quote

Now, my question is: is it a possibility that this upcoming halving is unique in that a new ATH is reached before it? We still have a lot of time left. With the demand beating the supply, $69,000 is not far away from the current price.

We have set the Bitcoin Spot ETF this year so changes may come as we cannot really predict what we may attain this year.

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Quote from: Questat on February 20, 2024, 04:31:30 PM

Not impossible in the sense that we never know what will happen next but judging by the current trend, even though the price of Bitcoin is $52,000 not too far. Unfortunately, the price sticks to $52,000, it never drops nor does it pump, we'd see stability on this price and many times we have been experiencing this. Therefore, the chances are not clear but not saying it is totally impossible. But I wasn't expecting that much thinking that the surge usually happens after halving.

We could remain optimistic on the current situation, we're bullish already but too early to think about a new ATH, that probably happen next year IMO.

It's true, that nothing is impossible to happen, but we can only predict the percentage probability that it will happen.
Personally, I am not sure that we will see a new ATH before the halving, but this disbelief is becoming less and less fundamental after seeing the development of Bitcoin prices which have soared quite rapidly so far, what has happened is a surprise and it is not impossible that the surprise will continue.

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Quote from: AakZaki on February 20, 2024, 03:29:05 PM

Quote from: skarais on February 16, 2024, 01:45:28 PM

So far I also have the same belief regarding this possibility, it's just that we can't confirm it yet. Regarding possibilities, anything is possible and will happen because the crypto market is uncontrolled and does not have to be the same as what happened before. If a new ATH hit before the halving, then this will be a new history for bitcoin so predicting its price between cycles becomes increasingly difficult.

If I had the option, then I am more confident that a new ATH will occur after the halving. The price has crossed $52k and may continue to test new resistance above, but that is unlikely to happen if bitcoin demand ahead of the halving does not increase rapidly. Currently the demand for bitcoin has increased, but to match the previous price record we have to get more big investors in the market.

A significant increase can be seen currently, Bitcoin even reached a price of $52,400 currently and this will continue as demand increases. The halving will occur in a few months and this will be the point where Bitcoin prices will continue to strengthen. But you have to be alert because corrections will definitely happen and don't panic when the correction comes.

There is definitely an interesting growing for bitcoin that much is true, but that also doesn't mean that we are not going to get anything substantial neither. We need to make sure that we are not too late, but also not attacking it like it is the last day neither. Don't like go out and get some loan from a bank to buy bitcoin, that may not be good for you, with interest and how you need to pay every month, and that would make all of this terrible for you.

It would be smarter to invest into something with your own money, that would make it a lot easier to be able to hold it, if you need to end up selling then you will have trouble. I agree that the hype is real and we are looking at something growing, but we need to be careful.

Topic: A new ATH before halving. Is it possible? - page 5. (Read 1545 times)