Topic: A new ATH before halving. Is it possible? - page 9. (Read 1452 times)
In my opinion, before the halving, the Bitcoin price will not reach its new ATH price. unless the buying demand is very large and is pumped by investors including exchangers, it can reach the new ATH price. without this it will be difficult to reach the latest ATH price
Yes it’s possible as long as the etf inflows are at $500M per day. So far for the last 5 days or so we got $500M each day. Today as far as I can tell it should also be close to $500M.
So the supply is getting drier and drier and we should go higher and higher as long as the flows continue. Since we broke $50K, we already are getting more and more FOMO because everyone think we will break ATH going closer to the halving dates.
So the supply is getting drier and drier and we should go higher and higher as long as the flows continue. Since we broke $50K, we already are getting more and more FOMO because everyone think we will break ATH going closer to the halving dates.
I don't think it is exactly the influence of third parties, they are a part not the whole, the protagonists are several, let's not forget who is the main promoter.
Now, given the background and the very fact that the short sellers will do their thing, this new unprecedented fact is not coming for this cycle before Halving, the truth is that we can have an ATH by the end of June.
There is no editing in this post, it is a prediction so let's clarify: yeah! june, 2024
Now, given the background and the very fact that the short sellers will do their thing, this new unprecedented fact is not coming for this cycle before Halving, the truth is that we can have an ATH by the end of June.
There is no editing in this post, it is a prediction so let's clarify: yeah! june, 2024
The all-time high of $69k is an increase of just around 27% from here; so of course it's very possible. All it takes is a good number of green days then voilà — all-time highs.
And of course, things can be different this time. We didn't have hundreds of millions of dollars pumping into bitcoin through the ETFs in the previous halvings lol.
And of course, things can be different this time. We didn't have hundreds of millions of dollars pumping into bitcoin through the ETFs in the previous halvings lol.
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.
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.
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.
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