Bitcoin all time high, is it ETF effects or pre halving cycle - page 3.

Alpha Marine

sr. member

Activity: 756

Merit: 356

Quote from: Ultegra134 on March 04, 2024, 03:33:52 PM

I honestly never expected Bitcoin to almost surpass the previous ATH within such a short timeframe. On previous speculation threads, a large number of users, including myself, couldn't imagine seeing a new ATH anywhere before late 2024 or early 2025. It seems like everything happened so fast. I was projecting an average price of $50,000 until March or April; it seemed unrealistic to expect something larger than that. Well, I couldn't be more wrong.

We both had the same speculation. When Bitcoin got to 52k, I felt it would linger around that range till the halving, I was so wrong. I'm really surprised Bitcoin is pumping this much, it's been a while since this kind of thing happened with Bitcoin. I'm happy about this anyway.
If the bull run continues till 2025, then the people who speculated a new ATH of $200k may not be wrong, at this rate, BTC will get to $100k this year.
I believe BTC will get to $70k this week and see a new ATH.

Quote from: Ultegra134 on March 04, 2024, 03:33:52 PM

I'm curious, though: what's making Bitcoin surge so fast? Is it the upcoming halving, the ETF approval, or possibly both? Even if that's the case, how do you explain such tremendous growth on such short notice?

I think it's both the ETF and the upcoming halving. ETF has created a lot of awareness for Bitcoin in its way and a lot of people are buying because of the fear of missing out. With the Bitcoin price constantly increasing, I believe the demand for Bitcoin will keep increasing and that will in turn keep pushing the price up.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

its the after effect of the ETF we all know sooner or later the money will be eventually flowing in and its about billions of money. right now bitcoin has successfully reached the mark of $68k and eventually we will see and even greater heights.
the thing with current chart is that it seemed to show that maybe bitcoin gonna really reach $100k at some point because we are not even reaching the event of halving yet and the history of bullish chart is that we've shown that after halving the price is increasing, slow but sure.
if the current chart still follow that pattern then definitely we gonna see $100k per BTC eventually in the future and thats definitely gonna be awesome and when that followed by the sudden emerge of altcoin season then that means we will be seeing some massive increase in the future for various coin even right now meme coin already surging like 10x and thats already awesome enough considering some of the meme coin are already having billions of market capitalization so that rise in price is definitely no joke.
if meme coin can do that you can imagine what gonna be happening towards bitcoin considering all the money institutions are coming into bitcoin this time around.

edward500

jr. member

Activity: 41

Merit: 50

To me, this is mostly the bitcoin ETF doing this. We all knew for years that a bitcoin ETF would make it so easy for people to buy bitcoins and I believe this is causing a shortage of available coins.

The other thing is, and I have always noticed this is that bitcoin holders are die hard holders and are all just mostly holding. Since it takes time to get the coins on the exchange to sell them, people will also not rush into selling them quickly and will hold them while the price keeps rising.

There is a serious supply issue caused by the ETFs.

Either way, I'm glad I purchased my 2 bitcoins for 21K each in 2022, it was not an easy buy at that time as I thought 10K was possible, especially since I was down so much in the stock market at that time, but I knew it made sense to buy bitcoin when it was down so much from the highs.

GreatArkansas

legendary

Activity: 2534

Merit: 1397

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

I believe most people use this history to predict the price of Bitcoin today whereas some people expect that we will see a new all-time high before the Bitcoin block halving, not during the Bitcoin block halving or after the Bitcoin block halving.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Bitcoin's price right now is just a little more than a couple hundreds shy of its previous ATH. I think it isn't anymore just a possibility that a new ATH will be reached before the halving. It is certainty already. The halving is still more than a month away. A new ATH will possibly be registered minutes or hours from now.

What do you mean this is the second time in Bitcoin history that a new ATH is reached shortly before the halving? When was the first time? I checked the charts and since the first halving in 2012 the pattern has always been that a new ATH will take place more than a year after the halving.

Anyway, this is mainly brought by the ETF, which was also interpreted as a signal by both retail and institutional investors. The halving effect is not yet priced in.

KingsDen

legendary

Activity: 1302

Merit: 1089

Goodnight, o_e_l_e_o 🌹

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

Re: Bitcoin all time high, is it ETF effects or pre halving cycle

Definitely the ETF effects. The pre-halving effects will not be as effective as this. If you can recall fast, immediately the ETF was approved, the price went down which shows that of it is able to take price down, it can also take it up drastically. So, that is what is happening now. It can also be true to say that both Halving and ETF is have combined effects on the bitcoin price increase?

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: Wexnident on March 04, 2024, 05:51:13 PM

Most likely ETF? I don't think pre-halving had this much of an influence in the market before. Similar effects were only ever seen afaik after the halving itself, at a period of half a year to a year after it. Maybe the ETF and pre-halving had such a synergistic effect towards each other hence why the effect bubbled up so much.

Used to think a couple of weeks back we'd only be expecting ATH after the halving, but now at its current pace? With it being at $67k as I write this, I don't think there's much to question about it anymore. Definitely going to see a new ATH even before halving happens.

What I will say is bought played its role, with the ETF coming the hype was already there since before the approval it self as people already speculated that big investors who will be coming into bitcoin will accumulate more and it was there time to get it at a discount price so many started accumulating that’s why even a fake news of ETF approval caused a price spike. Now the pre halving played is role also as many even the ETF approved entities look towards the after halving period as the most speculated time that bull run happens, so they try to accumulate more this pre halving period as it was seeing as the time to get a discount price also. So both of these events have combine to cause this unpredictable surge of bitcoin price

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Most likely ETF? I don't think pre-halving had this much of an influence in the market before. Similar effects were only ever seen afaik after the halving itself, at a period of half a year to a year after it. Maybe the ETF and pre-halving had such a synergistic effect towards each other hence why the effect bubbled up so much.

Used to think a couple of weeks back we'd only be expecting ATH after the halving, but now at its current pace? With it being at $67k as I write this, I don't think there's much to question about it anymore. Definitely going to see a new ATH even before halving happens.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

The question now is, are we going to see that happening very soon

Likely.

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

what is you expected benchmark before the next halving cycle.

I am not even thinking what's going to happen before the halving because we'll definitely pass that moment. What I am thinking is after it, if the impact of it will be much greater. We're too happy to see that prior to halving with the help of ETF, we're seeing close to the past ATH.

And if you're imagining what's going on right now. Aren't you more excited to what's about to come and just let the halving past so that we can see higher ATH after this halving?

Quote from: $crypto$ on March 04, 2024, 04:13:11 PM

But quite optimistic that ATH will definitely be before the halving.

If it's the former ATH, it will happen.

Moreover, until next year which follows the pattern of the 4-year cycle.

electronicash

legendary

Activity: 3234

Merit: 1055

with the rate of its takeoff, i think we will go beyond the ATH before halving. it's just unsure when the correction may happen. if it does happen after halving, we are really seeing the most peculiar event in crypto. i could compare it to what happened recently when the ETF was approved and then the price dips.

i think it's the ETF effect and at the same time, it's likely the mix of investors speculating how much BTC will be after halving. there is already a FOMO because of this.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

Quote from: Coyster on March 04, 2024, 02:07:25 PM

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

I think i would predict that the ATH would happen before the halving event, though i might turn out to be wrong on that, but with the way the price is rising so fast, there is every indication that it would happen before the halving.

Having said that, as for a "benchmark" before the next halving, i would say Bitcoin price might be around the range of $68,000-$70,000 before the halving happens, because the spot ETF's are really causing the price to move up very fast, and it does not look like it is going to slow down anytime soon.

This same forecast that ATH will be before the halving see the process of going up to the top too fast just need a little more bitcoin will be ATH maybe 1 or 2 days this is very possible right?

I saw the news a few days ago there were experts saying that the ETF approved it could be the benchmark why the price went up, then Blackrock has poured their funds 2.5% into the bitcoin market whether this is true or not that's what we see from the news some others.

But quite optimistic that ATH will definitely be before the halving.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

Today bitcoin started the week reaching at $65,000 a near former all time high price, and this new stabilized bitcoin 65k price indices make alot of presumptions and many bitcoin price speculators are in bullish mode to state an obviously possible reality that bitcoin may break the former all time high price (ATH) of $69,000+ previous record before the bitcoin halving cycle to occure.

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

In this case I still go with the halving as the main reason for this bull run. We don't have EFT before and yet we always break our all time high and then established a new one. Thanks for the info, I thought that this is the first time that we have seen this kind of run, but as you have said, this is the second time so maybe I was not yet here. Anyhow, the next bench mark is obviously $100k as a conservative estimates for this cycle. And then there are speculators who pushes for $180k or higher as the top price. So let's wait for the halving, this is going to be huge bull run and hopefully we are all ready for it and have accumulate as much as we can.

Ultegra134

hero member

Activity: 1778

Merit: 907

Quote from: Oshosondy on March 04, 2024, 05:31:20 AM

I think bitcoin might reach all-time-high before halving.

Even if it fails to reach ATH before the halving, it doesn't matter. It surpassed $67,500 today, just a tad away from 2021's ATH of $69,000. Such price differences are extremely insignificant at this price range; it's just a matter of typicalities.

I honestly never expected Bitcoin to almost surpass the previous ATH within such a short timeframe. On previous speculation threads, a large number of users, including myself, couldn't imagine seeing a new ATH anywhere before late 2024 or early 2025. It seems like everything happened so fast. I was projecting an average price of $50,000 until March or April; it seemed unrealistic to expect something larger than that. Well, I couldn't be more wrong.

I'm curious, though: what's making Bitcoin surge so fast? Is it the upcoming halving, the ETF approval, or possibly both? Even if that's the case, how do you explain such tremendous growth on such short notice?

Dunamisx

hero member

Activity: 952

Merit: 555

20BET - Premium Casino & Sportsbook

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

Today bitcoin started the week reaching at $65,000 a near former all time high price, and this new stabilized bitcoin 65k price indices make alot of presumptions and many bitcoin price speculators are in bullish mode to state an obviously possible reality that bitcoin may break the former all time high price (ATH) of $69,000+ previous record before the bitcoin halving cycle to occure.

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

Since this is not the first time we will be having the bitcoin all time high experience before the halving, we may not conclude on the ETF spot bitcoin approval as the reason for this, however, from the other approach, we can still make use of this as part of the reasons for having such experience in the bitcoin market, afterall, there's an increasing rate on bitcoin adoption and the use case of the bitcoin market price under this same decentralized network.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Bitcoin even crossed $67k and reached $67400 today and if this continues we may even see a new ATH in couple of hours or a day which seemed impossible 6 months ago. I think it will surely happen before the halving and this will send more positive waves across the market I mean buy signals as people will be speculating Bitcoin to hit $100k and once previous ATH is breached people will get more confidence and more money will start flowing in as those who had doubt whether it's a bull run or not will also enter the market.

Coyster

legendary

Activity: 2184

Merit: 1302

Playbet.io - Crypto Casino and Sportsbook

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

I think i would predict that the ATH would happen before the halving event, though i might turn out to be wrong on that, but with the way the price is rising so fast, there is every indication that it would happen before the halving.

Having said that, as for a "benchmark" before the next halving, i would say Bitcoin price might be around the range of $68,000-$70,000 before the halving happens, because the spot ETF's are really causing the price to move up very fast, and it does not look like it is going to slow down anytime soon.

moneystery

full member

Activity: 868

Merit: 202

i feel that these two things are the main reasons why the price of bitcoin could push to $66k usd. because some time ago several etf providers tried to increase the number of bitcoins in their hands, so this made many investors interested in being able to buy more bitcoins predicting that the price would continue to rise. and coupled with the pre-halving, it makes more investors quite positive about wanting to have more bitcoin in their hands.

now we just need to wait to see whether there is a price correction or not. because if there is a correction, maybe the price of bitcoin will fall by several percent.

tertius993

hero member

Activity: 1029

Merit: 712

ETFS for sure.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Oshosondy on March 04, 2024, 05:31:20 AM

The more reason is that people have waited until 2024/2025 which they think would be the bull period and we are in 2024 already. The bitcoin ETF that United States SEC approved is also part of the reasons for the bull run. The greed has increased significantly and people are just holding.
~snip~

Spot ETFs are not part of the reason, but actually the main reason why the price is rising. If you look at the amount of BTC they buy every day and if we consider that in less than two months they bought a little less than 350 000 BTC, then it is clear that the law of supply and demand is at work. It is true that many are now waiting for their exit point, and I am sure that the price of $100 000 when it is reached will very likely be the trigger for many to sell.

Quote

Bitcoin all time high, is it ETF effects or pre halving cycle

Maybe I'm wrong, but the pre-halving effect has never had such a strong influence on the price, and I don't know why it's hard for people to accept the real truth? It seems to me that many still do not understand the difference between futures BTC ETFs and spot ETFs, but the difference is astronomical in terms of price impact.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

The more reason is that people have waited until 2024/2025 which they think would be the bull period and we are in 2024 already. The bitcoin ETF that United States SEC approved is also part of the reasons for the bull run. The greed has increased significantly and people are just holding.

Quote from: Wiwo on March 04, 2024, 05:25:46 AM

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

I think bitcoin might reach all-time-high before halving.

Topic: Bitcoin all time high, is it ETF effects or pre halving cycle - page 3. (Read 560 times)