But I think next year will not be good for bitcoin price even I see some observers say Bitcoin will have a less bright fate because there are rumors of a prolonged recession, but from all that we expect something different and opposite to Bitcoin.
let's see what happens next year, whether it's a recession, economic crisis and any problems that will come next year isn't bitcoin created to solve all those problems
I also hope so, when the price of bitcoin is able to touch $100k and above, the price below $20k will be a very cheap price. Now is the best opportunity. I also have some bitcoins that I still hold on to. Believe it or not, this is cryptocurrency, it can change at any time. especially when bitcoin is finished to be mined of course the price will be even crazier, but that will happen in 100 years and we too are gone.
the next bitcoin halving in 2024 and the block reward will decrease where of course the bitcoins that are printed are not as much as before and this is where the scarcity of bitcoins will lie, therefore I think the price of $17.5k is actually the cheapest price, let alone $20k that's why I think next year at least see bitcoin play above $ 20k
If you were trying to catch the bottom going by nothing but the 4-year cycle timing of past bottoms, you would be buying here. I do think there are some things hanging over the market that will have to be dealt with, like the ETH2 coins being able to be withdrawn or the mtgox coins getting distributed. It seems that instead of creating the perfect storm like normal, the powers that be are trying to time these bearish events to occur closer to the peak of the next 4-year cycle.
actually the mtgox problem I think it's clear that they are still delaying it and I don't think it will affect the price of crypto, especially the price of bitcoin for a long time, I think people will buy it when the price is still low at this time especially if it is distributed in the form of bitcoin people will not stupid to throw it at the current low price even though it is already profitable for them, of course those who get their bitcoins returned by mtgox will prefer to hold bitcoins in their wallets, this is why bitcoin prices seem to be recovering gradually
no one said this month but this year there are only 2 months left to buy it under $20k, I think bitcoin the past few months has always played not far from $20k and it has always been stable playing at that price while we also know it will take time to recover but we don't know next year if it will play again at $20k, I'm sure we won't see it again
For the end of this year bitcoin is likely to be around $20k-$30k and although the correction continues, it doesn't seem to be going down below that price, the ATH achievement process is likely to follow a four-year cycle, which is calculated based on previous ATH history, although it could shift or be right target.
the cycle will work but we don't know it will take the same time or faster than before that's why i see bitcoin and crypto recover gradually
