I agree that if Bitcoin fails to get a rally to $50,000 or $60,000 in May, it will not reach it this year. If it happens, we will have to wait for the next halving to see $50,000 to $60,000 price again.
Look at the chart, I feel that Bitcoin has to decide its direction soon, up or down. It won't move in side way too long. You are right about something big enough to boost Bitcoin to more than $50,000. Usually we have halvings and big news, adoption expansion before and in halving years.
Look at the chart, I feel that Bitcoin has to decide its direction soon, up or down. It won't move in side way too long. You are right about something big enough to boost Bitcoin to more than $50,000. Usually we have halvings and big news, adoption expansion before and in halving years.
I’m the most bullish person you will find but short term the direction is not up for bitcoin. The next halving is mid 2024, realistically we are not going to see ATH’s until after the halving, with the obvious reason being the reduction in supply of newly mined coins which strangles the amount of coins available to buy, obviously there’s then a supply shock & we moon.
So to get back on topic, now is a perfect time to gamble with crypto because you are not going to miss out on massive gains. You can spend some of your bitcoin gambling without the risk of massive upside.
If I'm not wrong we don't see bitcoin reach another ATH if there's no halving, so for speculating to see this to happen again maybe we can see another ATH on the next halving I don't know why this happen but I think this one already create a tradition where many people speculate and huge number of investors starting to pour money to hold then wait for bitcoin price to rise up at that event. Also since bitcoin price dump compare to the price last month we can really say that its good to accumulate and gamble since if bitcoin price pump then you gain profits from playing then this is good scene to players and investors.
