Topic: BTC above $53k (Read 612 times)

20 days back Bitcoins were at 53k USD, now it has broke the ATH price and now we are seeing some corrections I will say. If we compare the price for the last 48 hours, then Bitcoins have fell little in the price. It seems like Bitcoins won’t go above 75k usd before the halving. Now what we see, is just the corrections in the price. I am assuming that Bitcoins will rest at 65k usd for a while now.

But we are still more than 30 days away from the halving, so will bitcoin continue to decrease or increase, what is your view? I don't think we will have a price cut as the halving approaches, I believe the market will continue to grow from here until the halving takes place. What happened today is just a small correction that is not worth worrying about because bitcoin will soon recover as if nothing had happened. There will be one or more major price drops in the market before we officially enter the crazy bull season but certainly not now or before the halving.

Before each halving we experiences down prices and it is the cause that bitcoin and other coins are reduces from their higher prices and are showing some dip. After such correction bitcoin will return to higher worth and this time it will achieve value of more than 73k$ which will bring good situations for all bitcoin and altcoins investors.

This is another beneficial opportunity to collect your desire coins and hold it until it reach to the top prices or a price according to your target. Halving is not so far now so those will surely be successful who keeps constant check on price chart as well as have full control on their emotions.

Many may not have imagined that Bitcoin will reach its peak price before the Bitcoin halving. Since Bitcoin started dumping from its peak price in the last two days, many are getting ready to invest in Bitcoin again during this dumping period. As we enter the final weeks of March it looks like Bitcoin will go through some pumping and some dumping in the latter part of the month. Next month bitcoin will halve, we may see bitcoin correction from early week of April. I am optimistic that bitcoin price will cross $100k in main bull run after bitcoin halving.

But we already had a major correction before the Bitcoin halving. We hit an all-time high before Bitcoin halved. However, although the market is currently dumping, Bitcoin is still expected to rise and reach an all-time high again, which may reach $80,000. We also know that our bitcoin halving will happen in April if the market bull run will start a few months after the bitcoin halving in April expect the market to rise further on that momentum and reach all time highs. Seeing the current price of Bitcoin, people have increased their buying because Bitcoin will create more excitement in the bull market. Prepare yourself for investment those who have not invested yet prepare for investment and those who have invested don't worry the market will definitely go to an all time high in the bull market and it can be up to 200k dollars.

Achieving the highest price level in March was very unexpected because the price had increased for several weeks until the market had reached a record high price, I think the impact of the current price decline because many whales have cut profits has triggered a market correction in the last few days, it is possible that the market experienced The highest increase next month with a new movement pattern and supported by halving news will support the bitcoin price increase higher. So monitor market movements before the halving because usually the market experiences a decline during the halving and we have the opportunity to increase the portfolio for potential bitcoin and altcoin assets.

The price of Bitcoin has continuously increased to the highest amount this March. Which has broken the highest record of 2021 and touched the highest bitcoin price at the current time at 73.6k. So the longer you wait the higher the market moves and you can see new records. Although at present 2024 has not yet taken place, the only reason for the increase in Bitcoin prices is the approval of Bitcoin ETFs. Since receiving this approval, the price of Bitcoin has seen the most consecutive gains, which is a positive factor for us at the moment.

Some speculation we can return to this area which is fair but much counter trend to which we've had for a while now and that has been noticeably positive Bitcoin price action so my reckoning is only for a reset within those gains; 52k is just late Feb so hardly distant tbh.   We are breaking the fast trend upwards or threatening very much to do so, it may yet recover upwards from here cant be sure for now.

Todays price action is actually back above 12hr average however it cant get back above the 2 day average which I think suggests a couple days over the weekend and a new weekly bar might help heal some of the selling that came in above the ATH.  I dont take this as a seriously negative just now, just hesitancy and a pullback of some kind which is a normal move after being positive for so long as some will naturally sell of course.

That was not the end of bitcoin pumping because it increases more than 68k$ and now it is 71k$ so I think we should not loss hope and accumulate bitcoin until we can. Cryptocurrency is not easy to predict so may be some people have view about the end of Bull season as reaching to 68k$ bitcoin again reduced.

About limit of price no one have any information therefore decide according to the market condition but don't be panic  when there is a dip in worth because sometimes a correction is required for which the price has to come lower. Altcoins are also gaining huge prices day by day after bitcoin has crossed the previous all the time high value so I think 71k$ is also not an end but it will increase more than this.

I see distance now it is obvious that Bitcoin is increasing with that experience in having so therefore the price of Bitcoin May reach to a point or a value that we will not believe that this is the price of Bitcoin currently because the price is jumping from one particular figure to another figure so it is unbelievable that Bitcoin will hit this particular price of seventy thousand [70k], this current price without experiencing halving...maybe before halving it will reach one hundred thousand [100k] as I portray before now, and I think bitcoin may reach such value.


It's good to have a foresight in cryptocurrency especially bitcoin, your comments when bitcoin price was at range of fifty thousand to fifty six thousand [50k/56k] is what is happening in bitcoin price right now, that is while I do encourage whosoever that is bitcoin investment to think very well and also make a proper before coming out to the public to make a prediction of bitcoin, but a comment you made before is what bitcoin is into currently.

That's to say that bitcoin doesn't have  a particular price you can rate bitcoin, and also the market of bitcoin is unpredictable from my understanding, so therefore, I believe that price of bitcoin is rotational, right now the price is at seventy two thousand [72k] and I believe that the price will continue to rise except their is a side information that can affect the market.


as of now the price of bitcoin is seventy two thousand and it may reach tomorrow the price rise above the seventy two thousand its right now, so what I want us to understand is the price of bitcoin interchanges and is not stagnant or constant at particular value, so bitcoin price is something we don't have to think that as you see it now so shall it remains, it the market determine especially when the demand is high and the supply is lesser.

You can't blame them after seeing so much dullness in the market, like the end part of February were we have so much negative effect on Bitcoin price, some might even sell without thinking twice and I understand their frustration but it only takes those ones who have the patience to gain more and still holding up till this very moment.
How it all got to this current price $72k is something many can't tell and this period seems like we might be hitting $79-85k base on the current price which is $72k and is heading towards the positive direction so I'd say holders should stay positive and expect something bigger before end of this month.

We often read price speculation in various spaces where we often find statements that prices will be better after the halving and before the halving is not very promising if prices increase.
The current condition of the Bitcoin price, which has not yet halved, has increased to close to the previous ATH price, namely $69K. From the current incident it can be drawn an initial conclusion that everything that has been heard and read about this matter is uncertain. Speculation from an analysis can change depending on market conditions.

There is a correction that occurs before bitcoin rises even higher. We will see the new ATH sooner or later. Just prepare yourself to take advantage of holding the bitcoins you have done.
Corrections will occur frequently and we must be prepared to buy them to increase the number of bitcoins we own. Altcoins will also follow bitcoin price movements because most altcoins have started rising.
The bitcoin price will rise even higher and stay at a certain level, and then altcoins will follow suit. It will create a boom in most of the existing altcoins in the market and also provide huge profits for us.

With the way the price of Bitcoin has been rising, many of us were optimistic that Bitcoin would soon break the old all-time high. However after Bitcoin reached 68 thousand 500 dollars it is decreasing a little and then increasing a little this is how the market is going. It is likely that we will soon see the price of Bitcoin reach $69,000 and that will be a new all-time high.

All types of altcoins have seen a change in price due to the increase in the price of Bitcoin. If you look at the coin market cap all the possible alt coins have increased in price Ethium price is increasing and it looks like it is going to touch $4000 very quickly.

now it's at 68.5k only 0.5k to go to ath but still not happening, I thought it would happen but nope.
maybe that's the final limit of increase for now.
but no one knows, maybe btc will continue to rise but correct for a few days, waiting for alt to rise too.

The current price of Bitcoin is $66,000. Only 50 days left until the estimated halving. I saw on coinmarketcap 4-5 days ago bitcoin price was around $53k. But currently Bitcoin is very dynamic And it's well into the bull market upside. Bitcoin price is at ATH level right now. I really wonder how the value of Bitcoin is increasing so quickly. I think the price of Bitcoin will exceed 70 thousand dollars by the end of March. At this point in time I really feel that investing in Bitcoin is profitable for me. Now let's see if Bitcoin can surpass its maximum!

the way I'm seeing the price of Bitcoin going up now I think that there is nothing like correction again because the market is taking some people unaware to the extent that the market continue to increase at any given point in time so I believe that only thing the market can do is a little retrace because the market continues to add more value and the add more increase since we entered the month of February nobody knows the next step of Bitcoin in the market

Bitcoin is now getting more interesting as always before, we are likely to experience the new all time high right before the halving begins, since we never expected to have been on this by now this fast, we are more optimistic about the possible futures to come in as a result of these volatile market to mark the year 2024 halving, and also, after this, we should expect more all time highs till we get to the peak of what we could achieved between now and the year 2025

If it's by the end of the month, it's very likely that we will see it soon. Bitcoin has got to $67k and that's just two thousand bucks away for it to be back to its former ATH.

This March is still long but the start of it, there have been a lot of things that are happening already. I am feeling that we're like in the March of 2020 when nothing is actually happening but we're approaching to halving.

And with that, the next year was full of blown and skyrockets.

That is the thought of some hodlers in the last month, that the price of BTC will not enter $60k but what is happening now in the market make them to believe that it is possible for the price of BTC to hit back $69k before the end of this month of march for hodlers to enjoy long bull run.

 The price of BTC has show more movement that will lead to $70k before it will begin to dump for those people waiting for the bear market to come before they will get ready to use the opportunity to buy and hodl BTC to prepare for another bull run to come.

Whether we want to admit it or not, the influence of any information about bitcoin will have an indirect impact, so the approval of the ETF which is also approaching the halving period has provided a positive direction that could happen to bitcoin.
The price a few days ago passed $63K. Remember this is before the Halving period will occur in 50 days and the surprise certainly has a good side.
Will there be any surprises again before the halving period occurs? For example, ATH in 2021 will be passed!!! We will wait for that with enthusiasm.

Regrets are meaningless if the price graph rises rapidly upwards. Actually, there is no longer any need to feel sorry if you feel that the latest high price is $100K because at the current price it can still be used as an opportunity to buy even though it is a little late for investors who have bought Bitcoin at half the current price.

I was also surprised when the price crossed $60K yesterday. Why not, outside of observation suddenly the green chart is very high.
There is a possibility that if we monitor market activity in the last week of February and the early weeks of March there are signs of the potential to reach $69k.

I think with spot ETFs approval, institutions will be present where they'll own assets with actual BTC which would in turn reflect on the price trend. Can I get the exchange study report you spoke about?

Now there are definitely many investors who feel regretful because they didn't buy Bitcoin earlier, both at the beginning of this year and at the beginning of last year, which was basically still quite low. And today the price of Bitcoin almost matched the highest price in 2021 when Bitcoin printed an ATH so it made me a little surprised because of the increase that continues to occur at the end of this month. And I think Bitcoin could reach a price of $60K if the increase never stops today and tomorrow.

It is comfortable for investors who have been holding a certain amount of Bitcoin for a long time, but not for investors who are just starting to invest in Bitcoin because they will face games played by big whales who have prepared strategies to play with the market.

At a certain point when patience is used as the main capital in long-term investments, that is where Bitcoin means being able to provide the best for the lives of many people.

Today, bitcoin price touched $59.4k and the greed index is very high and I guess people are slowly thinking about the scenario where we will have an ATH before the halving. It's entirely possible and I can't be too stubborn to fight the market trend, but I still don't completely rule out a scenario that could still reverse at any time. I mean we should never let our guard down with the market for even a minute because sometimes we are too subjective and will pay a very high price.

Today everything is great, we shouldn't say bad things and enjoy the results we've been waiting for for the past 2 years.

This is good take buddy. The approval of the Spot ETF is a very strong bullish sentiment.
Personally, I've always felt it is a prelude to the next bull run just how the halving is.

Per Bitget's study on the Spot ETF and the positivism it holds, my confidence has been reinstilled to invest in more Bitcoin for the long haul.

The ETF approval provides a strong signal that Bitcoin will soon reach the point expected by many parties, including those who don't like Bitcoin.
When ETFs are approved, institutions become a group that no longer hides behind the scenes. However, price rises and falls are still too difficult to predict with certainty. ETFs are the cause of price increases due to high demand, although what I say will not necessarily be the same as what other people think.

It cannot be confirmed whether this will happen or not because it depends on the circumstances.

Hmm, the accumulation zone ended haha, yeah it never ends for a long-term investor not even on the ATH, but for the early cycle Bitcoiners the accumulation zone ended, and now we are on the way to the distribution zone and I'm waiting for a surprise correction haha, as the market is driving crazy from last day and now it's already above 57K. The upcoming dip is gonna be a big opportunity if there's any dip left before the halving.

I wouldn't say that this is a exception to the rule, and I'm not sure how you get that idea though. Bitcoin has been volatile, pre or after halving, we really don't know what the price movement will be, it's all base on speculation. Sometimes it's a hit or miss, and then we try to conclude that it will dump before the halving.


Again as I have said, no one can exactly predict where the price will go. There is TA to help us, but it could be invalidated as well. The best advise is just to continue to accumulate as much as you can before the halving. Nothing beats a portfolio that has a lot of Bitcoin that you have said throughout the years and just wait where the price will be in this bull run. If it goes $100k minimum then good, everyone will make a profit then.

If we look at the beginning of the year the price of Bitcoin started to rise due to the ETF issue. After the ETF was approved, Bitcoin prices fell below $40k. After the Bitcoin price correction, Bitcoin started pumping again, stabilizing between $50k-$52k for a few days. But suddenly Bitcoin is up 10.86% in the last 24 hours. I never thought that before the Bitcoin halving we would see such a big Pump Bitcoin. Actually it is very difficult to predict now whether it will be a big correction before the Bitcoin halving. When the price of Bitcoin goes up, it takes a big or small correction, that's how Bitcoin has always been. But I know why it seems like there won't be a major correction before the Bitcoin halving.

every time there is an increase in prices, there will definitely be a correction, and this is natural in the market, but the question is when will the correction occur? many people wonder about that, but i think that we will experience a major correction before the halving, maybe it will happen a few weeks before the halving or in the near future, no one knows. the most important thing is how we can prepare ourselves to face this market correction by always updating market conditions and paying attention to our financial condition because it is possible that this correction will have a significant effect on our portfolio..

After the approval of Bitcoin ETF we saw the price of Bitcoin rise and then again the price of Bitcoin fell and then increased and touched $50k. From there Bitcoin rose slightly to touch $52k and remained stable at that price for a few days. But yesterday Bitcoin price suddenly touched 56 thousand dollars maybe this price was the highest Bitcoin price this year even we saw Bitcoin touch $57k dollars.
This phase is a comfortable time for many investors as the price of Bitcoin continues to rise Those who have been patiently investing in Bitcoin for a long period of time may be reaping the benefits as Bitcoin prices rise. This is just a small example of how Bitcoin can change people's lives. We may all know that in the month of September and October 2023, Bitcoin price was very low around $25k or $26k. If someone had bought 1 bitcoin at that price today it would have given him double (2x) profit.

It only seems like a surprise to me with how $52k has been the highest since Bitcoin price reach $50k, I was only seeing the price to be at that amount till the end of this month but it seems to be in another level, like in a positive way. From how it has been since the beginning of this week which is definitely the last week of February, it seems like we might be hitting $60-65k any time soon.
Yesterday just gave us another positive movement to show how this month is going to end and I hope it won't be that stagnant like last week, since the approval of ETF things has been a little bit lite, so from first week of March $70k might be on the way without any barrier or obstacle, I hope.

Yesterday it suddenly experienced another increase of up to several percent from $50.9k to $56K. 24-hour high $57,073.84.
At this stage it is good for us and good for long term investors. If a correction occurs again after this increase, the opportunity to continue accumulating Bitcoin in an amount that can be obtained is still available before the halving.



It may not be a new theory, but 2024 is as difficult to predict as previous market experiences.
At least long-term investors who invest in Bitcoin using the DCA pattern can still enjoy this activity.

Technically you might be right, bull run starts right after the halving event. Nevertheless, if you look at the lowest low for this bear market, it's $15,500. So we have been like 200%++ already since that price level.

Right now, price are still continuing to increase to $56k, and maybe at the end of the end, we might go and see $57k.

So that is huge already as we are still in the pre-halving but investors are already very bullish about it.

What the amazing bitcoin price movement today after success raising to $57k, its out our expectation because bitcoin for the first time break out again and reached most higher price and its happen in short term from bitcoin price around $52k and drastically significant pump price until $57k without one day. I don't think have major correction for bitcoin price on next month because close halving and many expected new highest price break out for bitcoin, after success raising until $57k and for upcoming time we are waiting bitcoin hit more than $60k in short term.
I doubt with major correction with bitcoin price during close halving its seems bit possibility for bitcoin price will going dump, actually more close halving get large opportunity for bitcoin will back to higher price and make close above new ATH price. Better don't take serious with OP prediction about major correction with bitcoin price and I believe get large opportunity for bitcoin raise up to the higher price.

What usually happens has not happened again in some time.
The significant increase in prices in recent times is not normal, so I think it is possible that the correction that would occur before the halving as usual does not occur now.

Actually, I had speculation several months ago that Bitcoin prices would fall before the halving and even that happened several months before the halving, but what is happening now is very different from my speculation.
So I think that it is very possible that there will be no deep correction before the Halving and it would even be more possible if this positive trend continues slowly over a fairly long period of time.

I don't also considers anything that is not after the $69,000 market price of bitcoin as bullrun, we are still warming up for now, it may not be as immediately as we have the halving circle for the year 2024 we are likely to experience the bullrun, it may be towards the end of the year or early 2025, we are likely to still have more dips as after the halving below $69,000 and later we started to experience some new all time highs till we get to the peak of this experience.

We still have almost 2 months until the halving event, don't rush to rejoice and sleep in victory when you see bitcoin increasing in price and hitting the $57k today. Everything is possible and bitcoin always surprises us, if it can make us extremely excited it can also disappoint us. Personally, I will be more cautious at this point, I will always have a backup plan if things suddenly reverse. Furthermore, the halving does not mean that bitcoin will never decrease, there is no guarantee of that. Don't forget previous cycles, the bull season took place 6 months or a year after the halving ended.

Institutional buying is the right word you are looking for and yes is the answer to your question that there might be a major correction before halving since trader is just riding the wave due to the strong buy signal of Bitcoin Halving. Everyone that buying now knew that the price is already near the previous ATH which means that is their common goal as price ceiling for the current run.

Also major correction is important to have a continuation of bull run or else the price will just be in bubble if there’s no correction happened after this solid bull run. The question here is for how long does correction will last while there’s already Bitcoin ETF which traditional investors can invest too on Bitcoin.

It seems that we will not see a major correction in Bitcoin prices at the end of this month or at the beginning of next month because Bitcoin has already reached the level of more than $57K today. So the possibility of seeing a new ATH before the halving may be more likely in Bitcoin because today's price increase has become a sign that the price decline before the halving was just a coincidence and will not be like that forever. Moreover, with the effect of the number of Bitcoin buyers continuing to increase, of course this will cause an increase in the price of Bitcoin itself at the end of this month.

Well we did see that 53k price for coin and we went right past it. Now we are seeing price of 1 Bitcoin for almost 56k and it was higher then that yesterday.
And now Bitcoin futures are at $22 Billion. And that is the highest since November 2021. And now current price is 2 year high.
https://www.kitco.com/news/article/2024-02-26/bitcoin-price-hits-2-year-high-53690-bulls-take-aim-55k-resistance

Well, you know what OP, Bitcoin almost reached the $57,000 price a few hours ago.
It seems that there are many sellers near that level, and currently sitting at around $56,200.

I was a bit surprised that I saw Bitcoin surged up, and it just shows that the bulls are still in control. On the other hand, I didn't feel any excited on my part because Bitcoin has been moving sideways for a week or more already, and it's time for either the bulls or bears to take control, and it seems like the bulls won... for now.

What's my next move? Nothing. I will just watch the markets for now, and possibly wait until the end of the year comes then I'll sell. Of course, it will depend on Bitcoin's price if it reaches my selling targets. Nevertheless, I hope that everyone is making profits right now.

Well, take it that it's different this time. So instead of seeing a dump before the halving comes, we've been seeing some greater gains and look on when you've made this thread you're just talking about $53k but in less than a day we've pumped +$3k and it's now $56k and about to cross $57k anytime, anyday from now on.

I am removing that possibility that there might be some major corrections before and after the halving. Whether there could have been a change already for this cycle, still, you don't remove that thought because this is a market that's highly volatile. But I guess that the Bitcoin ETF Spot has changed a lot of things before the halvings and have broken a lot of expectations and speculations towards Bitcoin.

I don't think that bitcoin will go below 50k, because the odds are very small. The reason why I said this is because, after bitcoin touched 52k..it corrected to 49k+, and the price didn't stay there for long before it went immediately back to 50k+. Now that we have seen the price at 57k+, but as I am typing this post, the price of bitcoin is 56k+, if a correction would be made, it should be from 50k, and above but not below 50k.

This is good news for investors, because it is not up to 24hrs that we have seen 9% pump in bitcoin price, and we are still having a month and some days to the halving, which means that we might see the price of bitcoin above 60k before the halving, if a correction in place did not take place, but I don't think that we can see a price above the last ATH price before the halving. However, any thing is possible, because the approval of bitcoin ETF, is playing a big role on bitcoin price, which makes this circle a special one.

You have posted to early because just after your post bitcoin crossed 56k now and your title seems to be odd because if bitcoin will be having correction then that will be more low that 53k at least below 50k but for me there might not be happening because this time we may experience different scenario than what  we had in the past.

This is a good confirmation of the bull trend, and we have to celebrate this with taking profit. 
The price might already over bought but I think, we can still go higher up to $60k let's be more cautious and trade responsibly. We're very close to the peak, let's see if Bitcoin can sustain this momentum or will correct, altcoins will surely catch up so make sure to hold altcoins as well because they will follow Bitcoin later on.

Yeah when I saw on twitter the $57K price I assumed it was a type because we were at $54K a few minutes prior. I go and check and of course after the close we pump to almost $57.5K.

No idea why we pump at NY close. Something tells me that the etf flows are leaked and if it’s a strong number they want to get in before the NY open because they assume that the market will be bidding for bitcoins at the open, pretty much what happened today.

Perhaps the year 2024 will be the year of Bitcoin. Bitcoin today continues to rise and exceeds 56K in a marathon rise within a few days due to buying pressure, especially after MicroStrategy bought new quantities, even despite this rise.

As for the correction, it is very possible, and I believe that the correction will be healthier for a stronger and more stable rise. The correction is not to be feared at all, but the rise with a large candle without any corrections is what should be feared, because a large rise must inevitably be followed by a large decline.

change the title we got over 57k and are holding at 56.5 k

Who really knows what'll happen with Bitcoin in the next couple months? The historical data shows prices often drop before a halving.  But this time just feels different with big institutional money finally jumping in and,  I gotta say, Bitcoin's gains lately have been nuts.  Part of me worries a nasty correction could sneak up and wipe out recent profits.  This market stays wildin'.  For real, prices here turn on a dime.   

So yeah, Im feeling decent about Bitcoin's future but keeping some dry powder ready just in case.  Can't get too greedy and complacent.

well 8 months early is interesting . I am fine with the early  It think we did the first ATH for 2020 around dec 17 2020. so 8 months early is April 17 2024 we go past 70k.

works for me.

Well, there's a risk of correction that might happen in the market because, as we've said, a bull run can happen anytime soon and can happen this year, but we have no definite date for when it will happen. But the thing is, doesn't this look like a bull run already? If this bitcoin price keeps on rising and setting ATH at the time, then we can consider this as its bull run; maybe it can surpass its own ATH, but also there is a risk that there might be a correction that might happen in the market, so it's up to the investors and holders if they will keep on buying bitcoin even when its price is at its peak, believing that the price will just keep increasing, but also a risk of a sudden dip because of the correction. Either way, I know bitcoin will still get back from its high price and just preparing for the bull run.

Winklevoss Twins owned close to a million bitcoin at one time, and it's funded a lot of Gemini (and other shitcoin projects), didn't come close to centralizing BTC yet though

Bitcoin now mid-$54k. Gone up over $3k the past few hours. Currently just under 79% of ATH. Back in 2020 79% of ATH was about $15.8k and price didn't hit that until November of that year. Bitcoin halvings are about a month short of 4 years, so hitting this level at the same time this cycle would be in October, but it's February, putting Bitcoin's price about 8 months ahead of last cycle.


I don't think we're about to enter into the new-ATHs bull run like we were at that point at the end of 2020, I think we're probably still a few months away from $69k. But thanks to hype around the ETFs before they got approved, and the the billions of dollars coming into the ETFs starting to cause a supply shock as well as the hype in the spot market around that too just building on top of it, plus more and more people understanding the 4 year market cycle allowing more people/money to front-run the halving effect than ever before, we are seeing the Bitcoin market getting a very early start on this part of the market cycle.

It's definitely going to be an interesting year. The $3k boost today didn't even follow any news today, just the resistance finally breaking after holding Bitcoin flat for the past dozen days or so. It did happen right around when Saylor announced another 3k of bitcoin buying his company had done recently but those announcements never move the market anyway so that wasn't the cause. Just too much bullish momentum to tame bitcoin right now for more than a couple weeks.

This was after it was announced that Microstrategy bought an additional 3000btc and Trump green flag on bitcoin comment. While I may accept that Microstrategy is indeed doing there own part and buying all the bitcoin they could, it's makings it centralized because they had about 190,000btc now in their custody but it's better than what politicians are doing, believe Trump or any US candidate when they say good stuff about Bitcoin at your own peril, they turn deaf and dump when the get into that office.

Bitcoin don't dump when halving is approaching, it's like 2-3 weeks before it dump and right now we are 2 month and some weeks away from the new Bitcoin halving. I expect to see us touch the previous all time high before any correction but don't be surprised if whales keep the bitcoin in that level and used halving to break the resistance, anything is possible. You should be anticipating for new price though, not dumping all the time.

I am just shock to see that bitcoin already crossed above $53k it was like a surprise to me because I was actually speculating that it will definitely took bitcoin about weeks to cross within the hands of $52k after seeing the selling pressure aren't allowing the buying pressure to push across it's previous price level currently.


This is very hard to guess because not everyone is a hodler, some people are trader which doesn't requires them to bag enough volume while some still apply the DCA methods. I wouldn't want to see that some people are being left behinds without at least holding bitcoin worth $500 depending on the capacity of them or to amount they feels they can free up to investment.

The major thing that I have considered with this is that it's for the accumulation stage. It's that part that we can count on and in the long term, we can be victorious. We all know that it will definitely increase in volume with the fact that old money are coming in into the market. It's going to really show itself when the halving its near. I do hope everyone is up along the ride.

I have read often times that price of BTC usually dump before the halving and pick up after halving but it's looking as if there is going to be an exception to this rule this year now that Bitcoin ETF has already been approved and lots of instructional buying going on.

With BTC constantly going up and as we approach March I'm just few days? Do you think we are going to see any major corrections before the halving?