Bitcoin halving, how low the price can be?

AnonBitCoiner

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Quote from: kotajikikox on April 20, 2024, 03:27:33 AM

It was answered , 60k is the lowest and we still waits for the highest but so far the record shows 74k is the highest value of bitcoin before the halving.

Bitcoin does not go below the price of 60k$ so it is the lowest price before halving and now the price moves up to 63k$ so we hope the price will not go below this value so we can see good surges due to halving. I think 73k$ is the highest value of bitcoin and we do not examine another pump before halving that can bring more valuable price of Bitcoin so it is the maximum value before halving.

Quote from: kotajikikox on April 20, 2024, 03:27:33 AM

it is indeed that we have the different approach this year because we have broken the ATH before the halving and the price remain strong even now that we are celebrating the 4th halving time.

I assume that this halving will also be a better one like that of previously occurring halving but still the price does not elevate to the highest value so we have to wait because good news takes time to originate. Bitcoin once touched the value of 73k$ does not move again to such value so maybe due to halving this value becomes easy to achieve again.

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Today could be the turning point in this wider debate, also Sunday and the end of week forming the close to the weekly bar will give us a good clue either way. I want to see at least a close above the 50 day moving average.

What is happening right now of note is not just a recovery short term above the 62k mark which is bottom edge to the ranged box BTC traded in for nearly 2 months. Also wider term we have to see in balance is the medium term momentum, 50 DMA is flattening out which means we can turn negative in a more serious way.

Since I got into the habit of famous quotes recently, as an analogy and in the unfortunate recent news context I find this one relevant:

Quote from: arafat

I come bearing an olive branch in one hand, and the freedom fighter's gun in the other. Do not let the olive branch fall from my hand.

I do find us on the precipice, we cant stay here forever. With 50 day average threatening to decline every day we must find positive price action to counter act now or never. Perhaps in BTC terms last dramatic but I find we need positive action now or it could be till autumn we have to wait to make this same fight upwards; likely lower over the summer is my thoughts.
A couple indicators show us weaker now with the weight of volume then late Feb, price doesnt yet show that up.

Nalbo

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I believe whales would bring the price a few points below 50K just to mess with people with stop loss and leverage trading liquidation at 50K.

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Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

The halving finally happened on Friday, and as expected, nothing serious has happened in the crypto market so far. I believe it will take months before the halving of this year attracts investors to Bitcoin, and by what happened due to the ETF fillings of last year and its approval this year where the price of the market has been pushed higher, I do not expect immediate reaction caused by halving. I also fear for less reactions as well because Bitcoin is being hyped during this halving time, but this time, it is overpriced already. So I am concerned about those who will invest more money that will help it to move much higher at this high level.

Regardless, if the past histories of the halving and its cycles are to be considered in relation to the present reality and the condition of the market charts, I believe that this year's halving should help Bitcoin reach at least $100,000 with time. Again, there may be some discouragement over time, but still, if more adoptions could be gained by it, maybe we will see it between $100,000-$120,000 before the end of this bullish cycle.

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Well, we did not see too much movement for the good or for the bad. I think this does show there was alot of hype for this bitcoin halving.
And I think this 4th ever halving did make more attention because of recent price of Bitcoin. I did think we would see some big gains after the halving but the price did not move very much.
https://cointelegraph.com/news/bitcoin-halving-2024-institutional-impact-price-surge

kotajikikox

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Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

It was answered , 60k is the lowest and we still waits for the highest but so far the record shows 74k is the highest value of bitcoin before the halving.

Quote from: Russlenat on April 19, 2024, 06:59:43 PM

Quote from: Bd officer on April 08, 2024, 10:31:14 PM

Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Bitcoin price is very difficult to predict. However, according to past statistics, the price of Bitcoin increased a lot after Bitcoin halving. So expect Bitcoin price to go up a lot after this halving. According to past statistics bullran will start in 2025, so expect bitcoin price to be 150k higher or lower in 2025. It's just a guess, no one can make accurate predictions. It is very difficult to predict whether the price will go down or up before the Bitcoin halving, as the price of Bitcoin has fluctuated a lot for quite some time. If you want to invest then you can invest in DCA method and hold for long time.

History may or may not repeat itself again. And what had happened with the past halvings might not be the same with how the present halving goes. This shows how unpredictable the market is. And because of that, people find it hard to create accurate predictions or speculations as to how low or high btc price will be prior to halving. Some say that we will witness $100k for bitcoin, while others settle with $150k. But one thing is certain, everything is left uncertain these days, we can only tell about it once halving is already happening.

it is indeed that we have the different approach this year because we have broken the ATH before the halving and the price remain strong even now that we are celebrating the 4th halving time.

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Quote from: alankasman on April 19, 2024, 12:43:34 PM

Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Since it reached the price of 73,777, I assumed that the price reduction would not reach below 59,000. The price of 59k is the price of a recent decline and I will never be able to guess how far the decline will occur even though I have an assumption that it will not occur under 59k.

So the case with how high the price will later be because I still hold the principle that the price of Bitcoin can reach the point unexpected. But in the Halving period this time, I am optimistic that the increase in Bitcoin prices could reach 100K - 130K in 2024.

Halving is completed now, price is stable around $64k-$65k, so that's good enough for us and did reach $73k pre-halving. Now we can see that at least for this month the lowest is $59k, but the lowest low for this bear market is $15,500 with the FTX collapse. Now, we look forward at the end of the year as halving is done. We shift our focus on now not low the price will be, but how big we gonna get at the start of the bull run. Again, pre-halving is $73k, so at least this year, I'm looking at around $100k at least and then the biggest will be next year when we hit our peak and it could be around $150k'ish or higher.

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Quote from: Bd officer on April 08, 2024, 10:31:14 PM

Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Bitcoin price is very difficult to predict. However, according to past statistics, the price of Bitcoin increased a lot after Bitcoin halving. So expect Bitcoin price to go up a lot after this halving. According to past statistics bullran will start in 2025, so expect bitcoin price to be 150k higher or lower in 2025. It's just a guess, no one can make accurate predictions. It is very difficult to predict whether the price will go down or up before the Bitcoin halving, as the price of Bitcoin has fluctuated a lot for quite some time. If you want to invest then you can invest in DCA method and hold for long time.

History may or may not repeat itself again. And what had happened with the past halvings might not be the same with how the present halving goes. This shows how unpredictable the market is. And because of that, people find it hard to create accurate predictions or speculations as to how low or high btc price will be prior to halving. Some say that we will witness $100k for bitcoin, while others settle with $150k. But one thing is certain, everything is left uncertain these days, we can only tell about it once halving is already happening.

alankasman

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Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Since it reached the price of 73,777, I assumed that the price reduction would not reach below 59,000. The price of 59k is the price of a recent decline and I will never be able to guess how far the decline will occur even though I have an assumption that it will not occur under 59k.

So the case with how high the price will later be because I still hold the principle that the price of Bitcoin can reach the point unexpected. But in the Halving period this time, I am optimistic that the increase in Bitcoin prices could reach 100K - 130K in 2024.

AnonBitCoiner

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One day has been left for halving but still nobody will be able to tell you about the exact price as the market is highly unpredictable. Nobody knows that when we will see the pump again but everyone is in satisfactory aspirations that halving will make the condition profitable for all holders.

73k$ is ATH and the price of Bitcoin does not touch this value again therefore some individuals think that bull season has become the end but I think we will see the pump again and Bitcoin will touch 80k$ which is not hard once market recovery initiates.

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Quote from: Nrcewker

Quote from: New Money

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

The max it can go low is 50k usd. It won’t fall below it. The reason for which I am so confident is that, as Bitcoins will go down, more people will start buying it. Moreover we know that Bitcoins are fixed in numbers, hence if more people will buy it then the price to accumulate it will increase, leading to increase the demand. Hence as the demand is high and supply is less, automatically the price will go up. Hence, 50k will be the lowest price possible this halving. Now let’s see what happens.

With the current dump in the market, I guess the price will dump below $50k because the price has started falling for people to see the bear season they have be waiting for in the market, and it will encourage those who want to buy at this price to buy with their savings so that they will hodl BTC again.

We know that market price use to discourage some people sometimes, not to buy BTC base on the high price, if the bear run that happened last 3 years can still happen now, many people will rush to the market to buy and hodl, and it will still make the bull run that happened early this year happen again.

I know that if the price settle for $50k as the lowest in this season, it will not allow many people to buy BTC from the market because some people use to target $20k and if the price will still fall down to that stage again, it will allow people to put plenty money on BTC.

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Quote from: electronicash on March 26, 2024, 01:52:04 PM

even the last time they predicted B TC to go $100K in 2021 didn't happen. we know now that they are just hyping all these to get more people into crypto market. it's working though and i guess we just need to be part of it and hype this thing to hit that price too. we are all in this together you know. Grin

if i have to predict how low the price will be is probably the same as they say, maybe around $52k since that's where the support line is. i'm not good at predicting also so i could be wrong.

IMO his goal is less to get more people investing in BTC and in other cryptocurrencies eventually, than to get more followers on Twitter/X and other social medias. The permabull narrative used to seduce people 7 years ago with quirky predictions from John McAfee and few other crypto gurus, but many people buying at the top of the wave got rekt right after it. Now most people know how crypto assets are volatile and are cautious with them fortunately. So they don't listen those messiah like children.

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Quote from: kentrolla on April 09, 2024, 08:22:15 AM

It wouldn't be appropriate to consider the historic data because even I used to do that till recently and if we go by that the new ATH shouldn't have been achieved anytime sooner than a year after halving but we have seen new dynamics this year and achieved ATH hence I stopped referring to the past and historic events. I know it would be little difficult to have a say this time since the market has lot of new things for us.

Because now there is a new history as a comparison with the old history which is generally very different, of course it is a little difficult to make market and price predictions for Bitcoin because what Bitcoin has achieved in the first quarter of this year is really very different from before, making more people are thinking differently about conditions that will occur in the future.

However, even though now it seems that it is no longer appropriate to refer to previous history, basically it is also necessary for many people to know as more real data on Bitcoin. Because different and surprising things can still happen again this year in Bitcoin, whether in trading volume or demand volume in the market.

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Quote from: justdimin on April 09, 2024, 07:20:23 AM

Quote from: tbterryboy on April 08, 2024, 03:24:04 AM

I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.

So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.

I do agree that dip has been expected for a while now, but we are peaking at 70k again. The difference between previous halvings and this one, which even see it break over all time high as well, could be the ETF situation where thousands of bitcoin is bought everyday by those companies.

I do agree that it is not going to be that simple, and we should probably consider the situation to be sensitive as well. Think about it, it should have been much lower if we expected a historical similarity between all halvings, but looking at it now, it is above the previous all time high at this moment. This is why I think it is quite important to realize that it is not going to be too simple, and we need to make it work one way or another.

It wouldn't be appropriate to consider the historic data because even I used to do that till recently and if we go by that the new ATH shouldn't have been achieved anytime sooner than a year after halving but we have seen new dynamics this year and achieved ATH hence I stopped referring to the past and historic events. I know it would be little difficult to have a say this time since the market has lot of new things for us.

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Quote from: tbterryboy on April 08, 2024, 03:24:04 AM

I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.

So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.

I do agree that dip has been expected for a while now, but we are peaking at 70k again. The difference between previous halvings and this one, which even see it break over all time high as well, could be the ETF situation where thousands of bitcoin is bought everyday by those companies.

I do agree that it is not going to be that simple, and we should probably consider the situation to be sensitive as well. Think about it, it should have been much lower if we expected a historical similarity between all halvings, but looking at it now, it is above the previous all time high at this moment. This is why I think it is quite important to realize that it is not going to be too simple, and we need to make it work one way or another.

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Quote from: poodle63 on April 03, 2024, 01:51:26 AM

Quote from: rodskee on April 02, 2024, 09:09:44 AM

Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I believe that we will be seeing at least 50k level till the halving happens and will slowly grow when the year comes

halving is near, I doubt even the recent dips could make it touch the level of $50k so many people are bullish, ETF is a huge success, I doubt it will ever reach $50k that unless sudden bad news comes up but overall I've seen strong market that bitcoin is having whenever its dipping there seems to be massive buying happening as well for people to accumulate I guess, if I still have money left i'd definitely make investment now but all money already invested.
we will see several weeks after halving though whats gonna happen my guess is that it has high chance of dumping just a little bit because as the saying goes buy the rumour sell the news some people gonna sell at the event but moving forward it will be bullish until the end of the year I guess at least until it hits near $100k or beyond.
for the holder that has been holding their dear investment from when bitcoin was still around $20k, then they are already hitting the jackpot turning giving them massive increase in their life savings.

price is still going stronger at 71-72k nearing the halving at lest more than a week now

https://coinmarketcap.com/currencies/bitcoin/

this means so much to the supporters when this supposed to be the latest increase when this must be dumping now?

I think there will always be the different approach in this matter that halving is not how we look at this year.

Go Bitcoin Fly High ..

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Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

Bitcoin price is very difficult to predict. However, according to past statistics, the price of Bitcoin increased a lot after Bitcoin halving. So expect Bitcoin price to go up a lot after this halving. According to past statistics bullran will start in 2025, so expect bitcoin price to be 150k higher or lower in 2025. It's just a guess, no one can make accurate predictions. It is very difficult to predict whether the price will go down or up before the Bitcoin halving, as the price of Bitcoin has fluctuated a lot for quite some time. If you want to invest then you can invest in DCA method and hold for long time.

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Quote from: tbterryboy on April 08, 2024, 03:24:04 AM

Quote from: South Park on April 01, 2024, 06:12:23 PM

A correction is definitely possible, it is just that the bulls are in such a strong position that no matter what happens they are able to push the price back up, I think this confidence comes from the fact that many investors are waiting for the halving to become the starting point of another bull run, however if their expectations fell short then that is the moment a correction could come and make the price to take a step back, an opportunity that we must not miss, as who knows if we could ever get another opportunity like it.

I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.

So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.

At this point we need to recognize that almost anything is possible, after a small correction to 65k the price has recovered at such a speed that it almost touched the previous ATH again, so when taking a look at the charts the chances of a correction before or even after the halving are slowly disappearing, as it seems the bulls are only waiting for the halving to take place to try to make the price of bitcoin to reach a new ATH and maybe even try to make a run for the 100k level.

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Quote from: South Park on April 01, 2024, 06:12:23 PM

Quote from: Ayers on March 31, 2024, 12:51:59 AM

I also think there will be a significant correction in bitcoin before we really enter the bigger bull season. But we have no guarantees that that will definitely happen, so I think selling some assets now and waiting to buy bitcoin at a lower price is quite risky. I expect a pullback but I will not sell any bitcoin or investments at this time, I will continue to try to work harder to save money and DCA if the market drops as expected. I think this option will be more feasible and safer than selling and waiting to buy back.

A correction is definitely possible, it is just that the bulls are in such a strong position that no matter what happens they are able to push the price back up, I think this confidence comes from the fact that many investors are waiting for the halving to become the starting point of another bull run, however if their expectations fell short then that is the moment a correction could come and make the price to take a step back, an opportunity that we must not miss, as who knows if we could ever get another opportunity like it.

I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.

So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.

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Quote from: rodskee on April 02, 2024, 09:09:44 AM

Quote from: New Money on March 25, 2024, 09:45:57 PM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I believe that we will be seeing at least 50k level till the halving happens and will slowly grow when the year comes

halving is near, I doubt even the recent dips could make it touch the level of $50k so many people are bullish, ETF is a huge success, I doubt it will ever reach $50k that unless sudden bad news comes up but overall I've seen strong market that bitcoin is having whenever its dipping there seems to be massive buying happening as well for people to accumulate I guess, if I still have money left i'd definitely make investment now but all money already invested.
we will see several weeks after halving though whats gonna happen my guess is that it has high chance of dumping just a little bit because as the saying goes buy the rumour sell the news some people gonna sell at the event but moving forward it will be bullish until the end of the year I guess at least until it hits near $100k or beyond.
for the holder that has been holding their dear investment from when bitcoin was still around $20k, then they are already hitting the jackpot turning giving them massive increase in their life savings.

Topic: Bitcoin halving, how low the price can be? (Read 663 times)