In 2023, the Bitcoin market went down a lot, but it is currently in a flat position. If the Bitcoin market starts to halve again right now, the price of Bitcoin will increase drastically in the next year. By mid-2023, Bitcoin markets are bullish and it is going to turn into a bull market very soon.
Drop dramatically in 2023? I think it was 2022 at the end of December where bitcoin decreased to $16K, after 2023 bitcoin had a recovery and the lowest point was $ 20K even that was not long after that it continued to recover until the price was $30K and now it is back at that point the highest again this year, so indeed this has become a bit of a trend because being in the middle of the year people are already preparing how they want to look forward to the halving in the following year.
But this happened because of FTX when the market was dumping again. But following the Bitcoin market right now shows that Bitcoin is going to halve in the future and it is pumping again. Right now the Bitcoin market has crossed $31,000 and is expected to stay in a good position for the next month.
The case of FTX has been a long time I know it affected the market but not completely with bitcoin but their tokens have plummeted.
We'll see now that bitcoin's movement is quite stable, but I don't expect it to continue to last, but what I predict is that bitcoin will break through resistance again above it.