Topic: Bitcoin 2024 halving less than 1 year away - page 8. (Read 1135 times)

Not just the nature of bitcoin, fluctuations are characteristic of cryptocurrencies and this becomes an advantage and disadvantage depending on how to take advantage of it.

Right now the price is still correcting due to some FUD that has emerged, this is still quite normal because a few weeks ago Bitcoin was able to survive above the price of $ 30k and now it has dropped to the price of $ 26k.

Halving will occur soon in 2024 and this will be a trigger for Bitcoin to be able to reach the ATH Price again, that's what everyone hopes for.

May this year, according to the history of bitcoin prices, did experience corrections and some frequent sales.
We'll just wait until after May and June, it is expected that Bitcoin will return to bullishness

We all know that bitcoin price doesn't stand constant in price, it always fluctuates the way I'm seeing bitcoin, so I believe that the price of Bitcoin can fall now and within 30minutes it rises, so it has been the nature of bitcoin increment right from time, so I believe that bitcoin doesn't escape increment neither decrement, it always be the nature of bitcoin

It will be interesting if there will be no bull run after the halving. As it will still be considered as something new just as the 2021 was actually a new bull run for which it has exceeded our expectations. But who wants that? I don't personally like to see it happen that there will be no bull run after the halving as the cycle notes and proved that there will always be the bull run every cycle and after the halving.

My estimates will still remain that it might start after several months but we'll see the ATH and actual peak of it by 2025. Just as what mostly are believing that 2025 might be the great peak price point of Bitcoin will be seen again.

Thanks for this speculation and reminder. First, I was unable to choose any option from the poll because none suits my understudies about halving. My option is that the main bull run would start about 1-.1.5 months before the halving and this is still subject to what you mean by the bull run.

Actually, a substantial bull run was predominant in the early months of this year, we might witness more of such still before 2024. In light of this, if it's a bull run that is attributed to halving, my early option stands, nonetheless, I will not do anything until my technical studies affirm it. I will never be a blind trader in the coming event no matter how real it promises.

By the way, this is to reference my standpoint towards that time and the event. However, if Bitcoin could reach below $20,000 any moment from now, I will start buying immediately regardless of what happens before or after halving.

It will be whenever most people(especially retail) least expects it. If most people think that the 'real' bull run will start at X date — chances are, it will happen earlier or later than that date. Markets dynamics are truly fascinating!

Generally I think there is nothing up the sleeve for now until halving except Elon musk pulls up something  . That is by the way but talking with my experience on bitcoin bull run, it is usually after the halving has happened but not immediately. This begins to happen few months afterwards although sometimes there is price action because of volatility at the time close to halving as a result of uncertainty in the market. This is what happened during the time before the 2016 halving, the price continued to be unstable with more volatility on the price increase before the halving eventually took price to around $21,000 in December 2017.

Bull run is normal before halving, but it is not going to be strong enough, which would be followed by bear market again. That is what that happened recently when bitcoin got to $31000. Maybe the price of bitcoin will increase, but I am still thinking that it would decreased up to $20000 before halving which will indicate a strong buy before halving which might not make bitcoin to still be more than $30000. Halving will come and the real all-time-high bull market will become reality.

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...