Before the Bitcoin halving it seemed that the market would be pumping but the situation has turned upside down. Because of the conflict with Israel and Iran, the market has suddenly dropped so much that there is no chance of Bitcoin growth before the halving. The halving is less than 24 hours away and during this time the price of Bitcoin tends to fall more than it rises, so for now Bitcoin will not rise before the halving.
Topic: Bitcoin pump|before halving - page 2. (Read 642 times)
I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.
It already went up is the more boring narrative to this kind of question. Its a repeatable dynamic in that people buy the rumor or run up to the news event and then the news itself in this case halvening can be alot less bullish then people expected. The problem is people expected too much, what we already had was the rise it rose because people thought it should in effect and we cant be too greedy over that occurrence really.
Regardless of the reasons that caused the price of bitcoin to collapse in the last few days, it has basically become a worry anticipated by some experienced investors and traders. There were almost similar similarities to the previous halving cycle in 2020 where prices fell slightly leading up to the halving and also on the day the halving occurred, so I am not completely surprised by the decline this time regardless of the reason.
Bitcoin price will recover as much as it can after the halving. I am very optimistic that $100k will become a reality by the end of 2024, while prices will likely get even higher in 2025. The peak price increase is expected to occur in early 2025 to mid-year, but that is just a prediction that cannot be used as financial advice.
Despite the drops in Bitcoin's price, it is still high and still in the bullish market. Yes, whatever the reason affecting the corrections this won't totally change the current situation of the market as we believe that halving has a huge influence in bringing prices higher than usual. We are still waiting for the new ATH and expected to arrive after the said halving event. However I could not agree this is just like the year 2020 but as usual situation after halving, it still continues to gain bigger demand pushing the price to skyrocket. This is how we also have such confidence in holding despite the price increase in the past days because there is more pumps coming. Bitcoin price will recover as much as it can after the halving. I am very optimistic that $100k will become a reality by the end of 2024, while prices will likely get even higher in 2025. The peak price increase is expected to occur in early 2025 to mid-year, but that is just a prediction that cannot be used as financial advice.
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Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel. Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.
Bitcoin price will recover as much as it can after the halving. I am very optimistic that $100k will become a reality by the end of 2024, while prices will likely get even higher in 2025. The peak price increase is expected to occur in early 2025 to mid-year, but that is just a prediction that cannot be used as financial advice.
I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.
Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel. Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.
Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.
Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.
Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.
The bitcoin market is near to its previous All time high of the last bull run and a few days before it even made a new all time high before the halving which is something unique and this never happened in any of the previous bull markets.
However, a 4000-5000$ bitcoin pump should not be classified as a bull market and similarly a few thousand dump is normall and should not be considered as a bearish market.
No matter if we are moving up or down, this will not be in a straight line and people will get excited or sad on every pump, dump or relief rally and all this trading stuff. In the long run, bitcoin will make a parabolic run sometimes at the end of this year or at the beginning of the next year.
We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall. This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.
Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.
Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
Sadly the effects of Pre and post halving aren't usually positive in the short-term and history is there to backup my argument....if anyone out there is expecting price to have that bullish move that will write new ATH immediately, am sorry to say but this isn't happening as the real effects of having usually happen a year later thereabout unless with a new variable of the spot ETFs approval..this halving could actually be different 
Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Clearly JP Morgan is making his predictions based on historical data, what a smart guy lol but $42K is so low MR unless you intend to trigger the panic selling from the weak hands for you to buy.. otherwise lowest should be 60K and we should rebound to break ATH of ~$74K to write numbers...
If we can have this happen as at this time before the halving and bitcoin gets to reach a new all time high, then we should be more expectant to see the market coming with more interesting pattern and dimension after halving, which means, if we are holding, then we should never get tired because such will soon turn into a massive profit for us when the market pumps again and we see more new all time highs.
Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.
The RSI happens to be a very popular indicator, used by many but not very much dependable by a lot of traders in taking and exiting trades. Most of us have it on our charts but, only applies it in conjunction with other indicators.I am not entirely new to trading and so, I know a few of these myself and would like to look at some of the highlighted points you’ve made in your comment. It seems plausible and if that be the case, if the market is actually agreeing, then there is something there. Although, if it was over bought, I can’t say. It was the bulls by the way and we were heading towards an expecting bullish trend. It should be normal at this point.
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.
So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.
Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy
I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.
I'm glad to be reading your post that was dated 11th of March today, to have seen who won between you and JP Morgan. Like I always say, those renowned analysts are not perfect, be it in the banking industry or any great institution. They at times say whatever comes to their head and when they are right people will start idolizing them. But now, you got it correctly ($72k) as Bitcoin reached the peak of about $73,850 before it hovered so long around the level but wasn't able to breach it. But JP Morgan failed ($42K) as Bitcoin was not even dreaming of dipping that low. These guys may be getting it right with their fiats guessing but I think they should leave cryptocurrency for its lovers and experts.
At the moment, the asset has succumbed to some selling and I expect it to sell further over time since it is now in an extreme bearish phase nearing the bottom of 2024. I will be bullish again on this asset if it shows serious rebounds and a bullish reversal of the current bearish correction.
At the moment, the asset has succumbed to some selling and I expect it to sell further over time since it is now in an extreme bearish phase nearing the bottom of 2024. I will be bullish again on this asset if it shows serious rebounds and a bullish reversal of the current bearish correction.
My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.
So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.
What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.
So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.
Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF.
Yeah, unfortunately I'm seeing the slide continue--but I'm not sure how that relates to the ETF you mentioned. Frankly I was under the impression that BTC ETFs were still non-existent (I wouldn't buy into one, so I haven't been following that sort of thing).On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
Smart money would be viewing this as an opportunity, but as with every time an asset price drops massively it causes fear instead of greed, you know? That's why people end up buying high and selling low. Oh, if I only had enough spare cash I'd be at my local BTCATM feeding it $50 bills! 
My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.
So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.
My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.
It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.
So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.
Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?
Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?
We already see a new all-time high for sure it's going to be enough for now, we are not on a Bull run yet so there is a lot of room for profit here for sure, 100k$ seems to be impossible right now getting ready for the Bullrun when the market backup again for sure it is going to gain a lot of momentum probably after the Bitcoin halving that is all where its start to gain a huge momentum where we could hit the 100k$ Before the halving seems impossible and I really think that breaking the all-time high is already a stretch in the market.
On the halving or probably right before the halving there was already a huge market correction which is probably why JP says that it is going to drop to 42k$ but that market is already invested so I don't really think that it is going to drop that low, since the market is on a huge hype we could already see a lot of projects getting launch every week.
My easy guess here is, on the halving, it is going to drop huge probably the lowest then gain momentum backup up to a year or more, at the end of 2025 probably the is where it is finally going to recover and reach over 100k$ sell all of our cryptocurrency then end of story.
Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.
The season to buy additional Bitcoin in preparation for the bull season is already here because the market is now giving us more chances to buy Bitcoin at a cheap price then what we would had bought when Bitcoin was at $72,000, the price is dropping again therefore we should not miss this chance. This might be the last time we'll see Bitcoin low because Bitcoin halving is coming in few days time. Bitcoin pumping before the halving was very surprising to me as I thought Bitcoin price pumping will happen after Bitcoin halving is over and not before the halving starts. The pump made many people to think that we are in the bull market and the market would not dump again before the halving but the market is now dumping just before the halving and this is what was expected of the market to happen. I think we can expect Bitcoin to dump below $50,000.
All what we have to do now is to gather some funds and wait that real halving weeks to refill the vacuum. But the probability of Bitcoin hitting $50000 is not possible.
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