Topic: Bitcoin 2024 halving less than 1 year away - page 5. (Read 1206 times)

Now Bitcoin (BTC) is moving in a downward flow. Yes, will this moment be a party changer in the future as the Halving plays such an important role. However, if you look at halving, it is only one of the factors that affect the price of Bitcoin and is not the only determining factor. analyze market trends to form the best judgment although historical patterns show that bull markets usually start several months after a halving event.

I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...

When a halving occurs usually a lot of people panic buy so before the halving the price has skyrocketed, I'm sure the halving that occurs in less than a year will create a significant price explosion so that the price can reach 3x, if at the end of 2023 it can reach at least $ 50k then the price when halvings can be as high as $150k.

I have a mindset that when the game gets too simple, people will easily predict the market will go up, and bitcoin will hit ATH after the halving.

Based on the estimate from bitcoinblockhalf.com, the 2024 halving will be end of April with other estimates calculating it as beginning of April, even as early as March.

While not getting too bogged down in the timing which is dependant on whether there continues to be hash rate growth (to bring it forward) or not, when do you think the bull market will start?

The last halving was in May 2020 and arguably the bull market started a few months after this, as instead there was consolidation around $9K for several months, whereas in 2016 the bull market more or less started immediately after the July halving, or even arguably around 6 months beforehand as price had already increased over 100% from the lows without a significant correction.

I also remember in 2019 many were anticipating that price would increase in the 6 months leading up to the halving similar to 2016, which started to happen at the beginning of 2020 until the Covid crash occurred, hence instead price took several months to recover, although was slightly higher than it was 6 months prior to halving at around $7K, but not before re-visiting $4K.

I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...

While not getting too bogged down in the timing which is dependant on whether there continues to be hash rate growth (to bring it forward) or not, when do you think the bull market will start?

Several? What's notable is only the previous one because of the huge price increase way back 2017 if I remember the year correctly. Also it won't be guaranteed that same thing would happen, it is just the idea of the previous one. Familiar of the ETH fork after that? Nothing much happened. Indeed Bitcoin and Ethereum are different currencies but both are the top cryptos in this industry so we may have the same expectations. With that, why is there a difference with the result? I think it is because of several factors during the halving; economic situation or state and other existing problems which may affect the demand as well for this industry. Therefore, we should still manage our exoectations on this anticipation 'coz anything could happen either good or bad.

some say the halving will occur in 2024 and a new ATH will be created and some say that the halving will start in 2024 and ATH will be reached in 2025. I believe the halving will come soon but the fact is that currently the price of bitcoin is still stuck below $ 30k for quite a long time, meaning that until now there have been no large-scale purchases that have made bitcoin prices slowly rise. please remember, this is the crypto market and anything can happen. bullish can come faster or it can come slower.

another year will enter the era of the halving period, of course it is true as you said that it will coincide with the gradual increase of bitcoin, until 2025 where a renewable ATH will be formed. because time is not so long as you said too, so this is an opportunity to continue to buy and hold and no longer need to wait for a correction to occur to buy, because the opportunity to continue to save will be lost by continuing to delay.

The halving has indeed been proven several times to make pump prices and of course next year it can become an ATH record again, to reach a new record price of course this year must be closed positively or close to recovery which is around $55k, if at the end of the year the price can reach $55k then when the halving will easily up to $100k.

I believe that the bull season will take place a few months after the Halving and it will probably push Bitcoin price up to its ATH or even beyond it. Even if there was a price decrease before the Halving and then there was an increase in price after the Halving, but it's just a small wave, I don't think it's necessary to take it too seriously.

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I realise when the bull market takes off will also be dependant on price action, for example if there is another black swan event at the start of 2024 then this could result in a delay like in 2020. But otherwise do you generally think the bull market will start before or after the halving, or otherwise more or less immediately after the halving, and do you think there will be any other relevant factors other than the halving?

Interested to hear your thoughts...