Topic: Bitcoin - what do you expect for the rest of 2024? - page 2. (Read 450 times)

This chart shows a lot.

Look at what has happened for the previous two halvings directly after the events - we went sideways
and this is what is happening ATM after the last halving.

My expectation is that we cross the last ATH this year and I expect that the effects of the last halving
will be seen approximately 6 months after - thats October [starting] and onwards from there. This is
backed up by what can be seen in the chart.

I think a lot of us agree that the window of notable growth will take place between 6 and 12 months
after the last halving.

Just because we expect it doesn't mean it will happen and in investing we should look at reality instead of just relying on our thoughts and expectations.

As I see it after months of bitcoin correction, the market has begun to split into two camps: one side still maintains an optimistic view and believes that the real bull season is yet to come. Meanwhile, some people became pessimistic and said that the bull season is over, $73k is the ATH for this bull season.

It can be said that no one can predict the future, so invest based on your own analysis and research instead of relying on the opinions of others. In addition, we must always have a backup plan for a bad situation if it occurs.

I still hope history will repeat itself again, but with what's going on, I can't help but be skeptical about the bull season we're waiting for. I still remember, I used to ask people when everyone knew about the 4-year cycle, would it repeat or would new history be created, because wealth is not for the masses.

Is this your first time on dealing up with this market? If YES, then it would really be wise that you should really be that getting used to it because its never been that predictable in the first place
when dealing up with Bitcoin or lets say crypto as a whole. There's no way or someone could be able to tell on what would happened. Come to think on whose the one anticipated that we had break that previous ATH before halving period? which this hasnt happened before and that truly shocks the entire community or crypto market basing up on what Bitcoin had been able to achieved on that time.
This is why it would really be that recommended or something that advisable that you should really know on what you are dealing with .Expect the unexpected as this is always be the thing
that you would really be able to encounter on the moment that you do deal up something more deeper.

There is not a single door but there are four of them and accumulation is only one of the keys to unlock the first door. You already mentioned the other and that is patience. We need it in order for us to obtain the other key called HODL'ing. Last key to unlocked the last and 4th door would be is sell-off. Negative and positive effects or things are only normal and this is also the reason on why BTC is volatile but we can always use this to have more edge in the game. Correction is usually a temporary event but it's possible that it will then lead to another negative event (something like a mini bear) which we might still be feeling now.

It is only easy to say accumulate and many can have a hard time if which price they will truly enter. I think this is also the reason on why DCA is invented. Apart from knowing the correct price, capital is also one of the factors that can affect us in terms of accumulation. So some are not yet involved here and some are not constantly buying even at the bear market.

At first, I find it odd when you say that people are buying in post halving but then I realized or remember that there was also a decline that happened that time. This shocks the public and make them feel disappointed because they also expect that BTC will really pump during it.

In the time Bitcoin went from $17k to $73k , I had altcoins that did 5x, 10x and one even 30x.

I am happy being in altcoins, we may not see a massive alt season like the previous bull cycles but I still expect good returns in the peak months of the bull run.

Holding 100% altcoin is very risky, you should consider it .

There have been many predictions discussed on X as well as on reddit . We are not going to have an altcoin season and with what is going on , I see them having reason to make those predictions . I don't expect that to happen ,  but I think we should also think about that scenario and have a backup plan because anything can happen . As we can see bitcoin has increased from $17k to $73k and is trading at $60k , but many altcoins are not even having any impressive growth or breakout . So far ,  only a few have shown good growth so I'm skeptical of an altcoin season .

I think about this a lot. We are all expecting action for the remainder of 2024 but the big upside could come in 2025 and would fall within the normal cycle behavior observed so far. So my crystal ball is not clear on what will happen in the rest of 2024, I would expect some upside action but I think it is more wishful thinking than anything else.

It's not a bad for any investor to consider some good Alts as an investment option and the idea of investing with the profits gotten from Altcoin investment into Bitcoin is good one as well cause no matter how good an Alt may be Bitcoin still remain the best Cryptocurrency when it comes to investment. Well I think what Lucius meant was that the first Altcoins like Namecoin and Litecoin didn't grow much compared to other which came after but one thing I've noticed is that it's not about the time an Alt was created or how long they've stayed that would determine it's growth it's about the community backing the coin and how often people trade or invest on it. I won't talk anyone outside investing on Alts despite the fact that Bitcoin still remains the best for investment but diversification is allowed given that good Alts still exist all it takes is for an investors to be careful not to invest on the wrong one due to market manipulations.

Still 100% altcoins. I would be very surprised if altcoins do not pump at some point in the peak months of the bull run.

My plan is still the same , cash out my altcoin profits in the peak months of this bull run and buy Bitcoin in the lows of the next bear market in 2026.

What do you mean the first popular altcoin has only 30% growth , which one is that?

I am holding a few altcoins that have done over 1000% growth in the last 9 months.

I think that he's still 100% in altcoins and hoping that Bitcoin will go higher to affect the other altcoins to have a better pump. He has posted that  a few months ago and I don't think that he didn't take any profit from the 80% profit that he's made being fully loaded with altcoins.


@OP, you'll have to wait until the alt season comes but we'll get to see Bitcoin get into another ATH soon first before it comes.

Have you invested in BTC or are you still 100% in altcoins? I know everyone is waiting for BTC to go strong to pump up the altcoins along the way, but it wouldn't be the first time that doesn't happen. The first most popular altcoin has only 30% growth in the last year, Bitcoin at the same time has about 100% - not that it is some kind of ultimate indicator, but I think it is worth taking into account.

Yes, the best is yet to come.

Don't think of it that we'll never pass that price that we've seen before the halving. The after-effect of halving is much better than the pre-halving effect that we've seen.

Let's wait and be patient.

When this month ends, I think that it's going to be the ber months when things are going to be better. Anyway, we're still better when this year has entered.

Right, we have a lot of support lines along the way, and even if it fall to $50,000, we have a good bounce and right now it seems that we are in run as the price might hit $61,000. But for the rest of 2024, I think it will still be bullish, remember that after that, it might take at least 6 months for the market to see some semblance of a bull run.

And if that happens, then the last quarter of the year might be a big gauge that indeed a bull run is imminent. So we might see a new all time high at the end of the year and we could be around $80,000, I reckon.

This makes sense because as you can see how many times Bitcoin dropped below $60,000 at the beginning of this month and last month, it just kept bouncing above $60,000.
My conclusion is Bitcoin is building strong significant support in the $50,000 - $60,000 area which for me, will still stay for longer.
The only good news here is we are safe, either you are a bull or bear.

it's still unclear what the market direction gonna go, but the institutional investors are willing to buy BTC by the billions you know what it means.

I think its just the way of market wiping out some paper hand because you know in every bullish cycle there's always this bear trap that could squeeze people out of their long position.
but I think bitcoin could get back to $70k level again easy, regardless I consider sub $50k to be instant buy for me.

Yes. Sites like Coingecko or Coinmarketcap can be used to check the average price from the listed exchanges on the sites. Although, I only use the price that I saw on the exchanges that I am using without doing the average because the prices will almost be similar. The all-time high is $73750 on Coinmarketcap.

That's why if I'm not mistaken, the all time high could be a average of what other exchange had during that time.

That's one thing for sure, accumulation is the key here and then we need to have patience as well. We have been accumulating since the bear market, and post halving, everyone might think that we should be around 6 digits by this time. But there are lot of things that can have negative effect on the price as much as there are positive effect. Just like the approval of Bitcoin ETF that really pushes the price to a new all time high. However, after that it seems that the price is into correction mode as we never get close to that price again. Nevertheless, the last quarter might be a big run for us and I'm seeing that we might see around $80k before the end of the year.

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

No one can be certain with bitcoin. Despite the fact that bitcoin has already reached its all time high early this year, still that won't guarantee that bitcoin will be able to manage again to reach new heights this year.

Bitcoin shows more downward trend on its price these past few months, and it won't be surprising that we will end this year seeing bitcoin like that. However, with how unpredictable bitcoin price is, there's also chances that we will start to recover and pass the last ATH at the last quarter of this year. So let's just wait and see what Bitcoin has to offer in the remaining months of the year.

In my view, we haven't seen a real bull market yet. What we saw was a pre-halving bull run. These happen from time to time, for instance we had one in 2019 when we went from $4k to 14k. It was not an ATH that time simply because the previous bull run was extreme and took us up 20x from the 2013 ATH of $1k. Something like that today would mean 1.3 million dollars!

Let's go into proportions for a bit. That pre-halving run of 2019 was around 4.5x of the bottom of $3000. $16k (the bottom of this cycle) multiplied by 4.5 is 72k. The ATH this year was $73k, so it,s pretty close if you ask me. IMO that's what we have witnessed and after that top in 2019 we corrected to $7k, so about 50%. This time the market is stronger due to ETFs and more dedicated holders holders and we fell only by 30%, but it's pretty much the same exact bull market correction. Yes, we are in a bull market, if you haven't noticed and bitcoin's bull cycles usually last for 2 years.