Topic: Could Bitcoin's Price dump to Halving? (Read 466 times)

That statistic won't be much different from what I thought before, but I said in my own assumed scenario, so it's still very possible to potentially go down first to $25k (around that) and then see some movement after the halving.

Do any of you still believe that bitcoin will always be the same cycle even though it's not exactly the same at all?
I hope it still continues to be in correction so that I myself still continue to collect from the lows before the halving.

Yes it will be unexpected again, we can only conjecture when analysis is made and conclude with that statistic.

Exactly. With any other altcoin out there i would be afraid of the dip, but with bitcoin it's quite the opposite. I am not 100% sure that we will go high as everyone seems to think as last bull was shorter and way more mild than i thought. I i have some reserves on this one as well. I won't be looking for exact top and just enjoy the ride this time. And i count my lucky stars on how i got to be a part of this one. I am DCA:ing slowly now to this one. I might be late but better late than never.

Only noobs are the ones who do really sell out their coins in losses but for those who do have experience and awareness on how this market works then for sure they would be accumulating even more.

Just take for example on the current situation on the market on which it would really be that giving you doubts and hesitance considering the price is going down now instead of the positivity that we do have in the market or with those news but still the price is really that failing on breaking that 30k point on which it is really that hard to believe that we would be seeing 35k or 40k soon but well
if we do think up for long term then this wont really be an issue.

Instead on making yourself that get stressed out, you would rather make yourself that wise on taking up decisions on accumulating more just because you do really believe
on bitcoins potential and really putting up that trust into it and going for long term.

Of course, no one will leave Bitcoin, in fact now more and more are turning to investment in Bitcoin. Although the bitcoin price needs to consider macroeconomics as well. Russia and Ukraine are still not at peace, America is on the edge of a recession, country regulations that are willing to adopt crypto, and the events that happened to LUNA, FTX, and many others have created a dump. But I still believe Bitcoin can return to ATH and exceed it later during the halving.

Because one thing makes me sure, if the economy in a country is destroyed, the people will prefer to transfer their money to Bitcoin before the currency they hold is also destroyed along with the crisis. that's what makes Bitcoin even more pumped up when there is a crisis. just an example, when the covid19 case the world economy was uncertain, bitcoin went up. Bitcoin was also deliberately created in 2009, a few months after the global economic crisis in 2008, as a form of Satoshi Nakamoto's concern about the failure of fiat currency to fight inflation and the crisis at that time.

so bitcoin is like safe heaven, the name safe heaven is the same as gold, a hedge of value, it goes up when there is a crisis.

Just for the record, I don't think we're dumping now. It's just lack of new demand manifesting itself. People who wanted to buy bitcoin this year already did it between 20 and 30k and there's not many left who are yet to do so. Those who want to buy are waiting for ETF news and with bitcoin constantly being mined, lack of new demand means lower prices. It's always been like that because to satisfy constant increase in supply, bitcoin needs constant demand.

IMO we're going to go to 35k by the end of the year and to at least 40k by the month of halving.

This is why many people are buying bitcoin but there are also a lot of people who sell their bitcoin because they are not aware how much profit they could make from bitcoin as well. I am not really entirely sure how much sense that makes for some people but that should be the important one considering how they could make a profit later on.

I mean think about it, we are talking about something that is dangerously profitable and also risky at the same time. This type of risk/reward situation makes some people hopeful and hyped because of the reward potential because they see how high it can go, but some people worried because they have seen how much it could go down as well and have seen it happen before so they worry about it.

The next bigger pump in Bitcoin is still very likely to happen as long as the whales don't leave the crypto market, especially those who still really like Bitcoin. And if you look at the correction that's happening right now in the market, it's a very normal correction this year because Bitcoin still hasn't lost its potential for another pump. So you don't need to doubt about that as long as you still believe in Bitcoin and also in the ATH that Bitcoin will achieve in the future.

Whoever has invested at least some money in the cryptocurrency market would want the market to go up and those who are willing to invest are waiting for it to drop down as low as it can because they will be able to get as much as they can, that is a general instinct that every person has, we always want to have as much profit as we can no matter what happens to others and their investments, but the market doesn't always go the way we want it to.

The current market isn't basically a bad position for someone who wants to start investing because we are going towards halving right now and we all know and have seen that the market goes up around or after the halving as we can see in the historic data, so someone starting to do DCA right now won't be in a bad position next year.

Until now, the condition of the bitcoin price is still in a downward position and no one knows when the price can start increasing again. But from the past few days, every time the bitcoin price manages to increase, the price will decrease again and it looks like there is pressure on the market that wants the price to stay at the current level. But it could be that before the halving, the price of bitcoin will get a rally to increase the price step by step until it finally makes its last ATH. But after successfully reaching its last ATH, usually, the price will experience a drastic decline because we have seen it happen in the last two halvings. So after the new ATH is reached, we must be prepared to buy at the lower price and not rush to buy.

I agree and I have no doubt the Bitcoin price will reach its new ATH in the future and indeed any time is a good time to buy bitcoins if planning to invest for the future.
But throughout this year I don't see any more big pumps happening, the movement that has occurred throughout this year has always been stalled at prices close to 30k so I think that's a point in the year and that's positive enough that it's almost doubled compared to the start of the year.

While people always say that bear markets and bitcoin price drops are good because they can buy bitcoins at a high discount, the truth is they always want the market to go up and hit ATH.

I agree with you, the current price is a very uncomfortable price, many people will not dare to buy, because they think that after buying the price will drop more. Many people also do not dare to sell even though they have made a profit, they fear the price will not decrease anymore and will lose the opportunity to buy cheap. Most are still waiting for new market fluctuations to make the next decision.

Bitcoin price is the most difficult to predict in the short term. Because the best time to hold long term is now and those who invested long term in the past are apt to reap the benefits. However, this year the price of Bitcoin can be as high as 45 thousand to 50 thousand dollars. Although the Bitcoin halving in 2024 indicates that the halving is unlikely to increase the price of Bitcoin in the past year. But the halving is next year, so 2025 is the most likely time for Bitcoin to cross $100,000 overnight. Follow this saying that long-term investing is the best thing to do now.

It's indeed possible to expect a price range of $40k to $50k for Bitcoin by the end of the year, especially considering the historical trend of market pumps during that time.  However, predicting exact prices is challenging due to the various factors influencing the market.  The momentum Bitcoin has gained and the increasing demand from investors are positive signs for further growth.  Even at the current price of $30k, many of us believe it's a good opportunity to buy and could be considered a low price compared to the projected values for the next bull run.  Bitcoin's widespread adoption across countries has the potential for growth.

Based on history, as always we saw that the market pump after the next halving comes and the bonus opportunity when there is a new ATH comes which I think most of us are awaiting.

Probably we could expect 40K$- 50k$ at the end of the year if we are lucky since the end of the year most of the time pumps the market, then we could drop in the first quarter of 2024. There are still a lot of things and factors that are affecting the market price of Bitcoin so we can't accurately predict but if the market continues this way 40k$-50k$ is realistic before the end of the year that's for sure. I mean bitcoin continues to increase its momentum and the market continues to skyrocket most of the investors are going to buy even though the price wasn't dumped because there was just a very low chance that the price is going to drop a big percentage. Like what we saw in the past weeks and months, we did drop on around 25k$ but easily back up to 30k$ which means the demand is really increasing on bitcoin.

Even at this point of 30k$, I think it is still a good price for Bitcoin to buy, I mean you could still do a dollar cost average to lower your risk but the price projection next bull run was just so high so 30k$ was just too low to price bitcoin, and we could already notice it since it is already adapted to a lot of countries and platforms as well.

On a speculative market then we do always have that speculative approach on which it would really be just that normal that actions would be made will really be different on each person because there are some who would really be waiting for such dip prices and there are ones who are really that accumulating on the current price or making DCA if ever it would make out some correction and this is why it would really be totally different to
each other in speaking about actions and investment decisions that we are making. Price dumps ahead on Bitcoin halving? Its not something new and we've been in countless dumps and corrections even not on halving
upcoming event. This had been always like this and not something new, this is why when you are an investor or trader then it would really be just depending on what are the actions you would be making
because not all would really be that the same on making decisions. This is why on every buying or selling decisions then it would be entirely depending on you.

Of course, but only if they're waiting for a dip too deep instead of just dipping into a correction. That's a bit implausible given that bitcoin has gained more big investor support so its price will be pushed to go higher instead of crashing lower and test its new lows.

If the dip they are waiting for is not too deep, then of course it is not a mistake. Bitcoin price volatility allows corrections at any time, even when the price is pumping. we have seen price break through $31k, but price could still go down to near $29k. That's a dip to take advantage of but it would be great if they did DCA as well.

Those who are waiting to buy at dip are wrong and they will be sad when they realize that no dip occurr during this year. People demands for bitcoin is increases and the number of bitcoin is not much higher therefore as a consequence of greater demand for bitcoin elevations in worth also take place.
I think if the price goes up to 40 to 50k$ and people have not yet buy bitcoin so they will prefer to buy bitcoin at this price rather than sorrow when time flies.

There will surely be advantage for those individuals too who buy bitcoin at higher price because in coming Bull run the price will be more than current price to offers its holders a bulk of profit.

IMO we should never purchase Bitcoin or any volatile assets such as gold or crypto with funds which are required in the short term. Investing in a volatile asset can either increase or decrease the USD which we own and on such a case we can never be sure of the outcome. Having a backup fund to invest additionally during a huge downturn will be a welcome move but any money which is not required immediately can be invested significantly onto Bitcoin anytime. Finally, Bitcoin will rise to new highs during the next bull run as the adoption would be much higher and the positive ETF news from SEC can impact the market positively as well.

Altcoins can be even more riskier as we can never be sure of the underlying protocol going higher or lower in price based on the market sentiments. Recently $COMP was manipulated heavily that they pumped higher in the market value with a relatively lower TVL while comparing to the market leaders such as $AAVE. At uncertain periods such as this, it would be better to stick onto Bitcoin as keep buying before the halving periods as we our bags would start rising relatively when the adoption kicks in. Additionally, on top of fiat money we can also own a smaller stack of trusted centralized fiat backed currencies such as USDC as it might be helpful to convert them to BTC during a sudden downturn of events.

I think real crypto lover wants price above the previous all time high instead of this current price that is now struggling to break 31K level. As a trader, a sideways price an indecision phase which price go down or up without any assurance on the direction.

I think the dip on 15K is what every trader really want as perfect entry for trading. The current price is already on the uncertain part which I doubt that crypto lover really like.

Maybe it would be bad news for some, but I'm sure that some others would welcome such an outcome of the situation with delight, because why buy for $30k if you can get it for half that and less than 1 year from the halving? Last year, many "experts" speculated that the price would collapse even to $10k, and many were waiting for that very moment and did not take advantage of the opportunity, which was more than excellent.

Of course, all thanks to that South Korean scammer and his "friend" from the US with the significant name Bankman, who caused a general panic and brought down the price. Now we are exactly where, in my opinion, we should be, and if nothing too important happens, I would not be surprised if by the end of the year we remain between $25k and $35k, which is more than a good starting point for a new bull run that will follow in the months after the halving.

The price of Bitcoin could decrease or get selling pressure before or after the halving because that could happen. And while there were no halvings, we also see the same thing happen to Bitcoin. But once that decline occurs, including a deep drop in the price of Bitcoin, the price will inevitably bounce back up, which could provide an opportunity for the price of Bitcoin to surpass its next high.

But I'm not worried if the price goes down again because Bitcoin price will reach another high and far surpass its last high. And if the Bitcoin price from today's halving tomorrow doesn't move higher, I will make sure to keep buying because at or below $35k is a good price to buy Bitcoin.

So prepare yourself if the price of Bitcoin decreases again just before the halving. And don't panic if you see negative news released ahead of the halving but use the moment to buy more Bitcoin before the moment is gone.

I think, this is the moment that crypto lovers have been waiting for, especially long-term investors. Because this is considered the main driving force because it is able to improve market conditions in the crypto asset market. For price dumps, I think the possibility is small and just the usual fluctuations that are usually done by speculators who play short term. If we look at historical data after the halving day of 2016, Bitcoin reached a new all-time high (ATH) in December 2017, with a price reaching around US$20,000. Continuing on a halving day of 2020, Bitcoin reached a new ATH in April 2021, at a price of around US$ 64,000. This value increased by more than 200% from the previous ATH. Yes. very little possibility BTC Price dump when Halving.

Regarding last halving edition, Bitcoin price drop slowly after halving time but for next time halving bitcoin will dump or not depend on supply and demand. Current Bitcoin condition right now seems different with last four year halving time, many people interested and know more with bitcoin than last halving still have many people not understand yet how bitcoin as investment working. Still remember when bitcoin dropping to $15k after few years from halving and external factor from bad news publishing by SEC possibility next halving bitcoin will drop.

Optimistic, after halving without bad news Bitcoin possibility stable on higher price but depend on investor are panic moment or not usually they will sell bitcoin fund after halving moment.

All options are available, but it is not inevitable that we are at a distance from the prices of 30k as it represents the theoretical bottom of Bitcoin, which is expected to remain at it for a long time.
The worst thing that could happen is that we are near the levels of $15,000, which is currently unexpected.


I was a fan of this model, but it has become inaccurate or invalid now, the predictions it makes are based on the first years of Bitcoin's development, which will inevitably be faster than the later years, so the values will be very extreme.

Reserve funds outside of crypto are certainly needed, it will be a savior when there is no more money to buy when the price really crashes.
This will support a good long-term plan and will be more and more profitable when the price starts to rise.

I collect some of my income from the signature campaign to continue to accumulate the amount of my bitcoin assets, so that it will be more and more and good for the long term. Accumulating within one year is already quite a lot and of course, it is necessary to be patient.

I tend to agree with one thing that selling bitcoin at whatever time aside from all-time high is as good as losing your bitcoin this is so because since we can't predict the future price of bitcoin,  it then means any action we take at whatever time reflect the urgency of the matter and how we place ourselves at high risk for losing our Bitcoin holding.

We are less than 12 months away from the 2024 bitcoin halving which is a most anticipated event that will lead to an increase in the value of Bitcoin,  so selling off at this stage and at whatever price is considered a loss for the investor since holding has become the ultimate.

That’s could be the turning point though there’s still a chance for the rejections buy i think we already had a long bear market and that’s enough for a price dump. The halving is near, though usually the price pump after months of halving so expect less for now and just be patient until next year, Bitcoin will surely create a momentum that can fit the whole market by next year, bull run will happen in time.

We still have like 5 months to go before the end of the year, and I do agree, we are still on track, we are somewhat in the boundaries of $30k'ish and in the next several months, I think we can hit $40k-$50k before the halving.

So instead of seeing a dump, I think wise investors are going to continue to buy at a high rate because the price is still very cheap. And that's where people become millionaires, they bought bitcoin on bear market, (technically we are still in the bear market), and then simply hold.

I agree with you that Bitcoin will rebound easily if what you say comes true. But I have no idea how the price will be determined before or after the halving. The general consensus is that the price will go up just before or just after the halving, but I can't decide.

We should try to buy as much bitcoin as we can. Bitcoin may reach its target value at the times you say or at other predicted times. Until then, we should continue to hold Bitcoin and watch the market.

A bitcoin ETF would be big news allowing its price to soar. Plus the impending bitcoin halving could also push the price higher as it has in previous cycles, but of course the bitcoin price can never stabilize so we shouldn't discount a potential correction. It's fine about corrections as they are a normal part of fluctuating assets like bitcoin, but traders just need to adjust their strategy in order to maximize profits.

It would be expected that the demand for bitcoin will increase even more if the bitcoin ETF is approved, but normally the price will probably be higher due to halvings and other factors. I tend to believe a happy end to the year for all holders, but at the moment sideways are unavoidable.

I also think like you said, that in order to achieve an increase in the halving era, usually there will always be a correction where this gives bitcoin the ability to move up. this year there won't be a significant increase because the world economic situation hasn't fully recovered yet, but I believe that if there is a correction it won't be below $20K. this is certainly an opportunity to continue to buy and hold until the halving era comes in the near future.

Looking only towards Bitcoin's price won't help alone because USD is now taking turns on various currencies and accordingly, it'll also affect the crypto space now. However, Bitcoin definitely has a chance to boost in price and go against all the so-called great USD positive news only when the BlackRock ETF gets approved exactly when we are so near halving. Then there's no point in seeing USD but BTC will rock by any means.

But we must be sure that we also have back up fund outside crypto so that it will be the one that we will use first when we urgently need a money and not our cryptos, as I can see that there are many people who fail with it. It makes them to become unsuccessful with their long-term plans.

If we are not busy outside and we can be able to monitor the charts, it's indeed that DCA is one of the best method to use when investing but if you are the opposite of it, you can just buy at bulk. You use your sig campaign earnings as addition. That's great. Even a small amount of BTC if kept or stack could still grow huge after a long time. So we shouldn't under-estimate it.

Well, that's what needs to be done, always be aware of everything that happens and have a backup budget.
The reserve budget will be very necessary when the price is unstable and starts to fall.

DCA is one of the strategies that I also use to continue to increase my bitcoin assets and this will be very good for the long term.
Even some of the fees from signature campaigns I collect for the long term.

If before the halving the price will drop dramatically, of course, it is a good opportunity to continue collecting Bitcoin.
Remember that there will be no continuous decline, moreover Halving is a 4-year cycle that makes the price of Bitcoin reached a new ATH.
We must be prepared with the Bitcoin that we hold. The new ATH will be reached soon and it will be a great return.

I could recall vividly from the previous halving that Bitcoin experienced a dump in the price post halving and that was a result of the coronavirus pandemic that lead to a lockdown in March 2020 where the whole market got crashed and not only Bitcoin suffered.
So coming to discuss the year 2024 halving, still not certain about what event year 2024 may bring, but if everything is fine, I see no reason why Bitcoin should dump pre or post-Bitcoin halving event.

Nothing new and its always been like this because this market is always been that random or totally unpredictable since in the first place.Im still boggled on why there are still people who are really that

getting surprised basing up on the movement that we do have in the market today or until this very moment? We arent that blind that lots of news and fundamentals on which it could really be able to affect out the price condition on which no matter what analysis and approach you would be having, it wont really be that an assurance that it would be precisely be able to predict on whats ahead.

Everytime the market experience downfall there'll be some kind of fud, panic waves and fake news circulating around. When it comes to halving, it is much about the cyclic movement than the reactive move in the market. For this reason the price always tries to reach the ath for the season after a bearish movement in the market. This is the right time to make an entry to experience the best of the halving, hut majority get into fear when such scenario happens close around the days of halving.

There's always a reason behind the dump in the bitcoin price - even if it's due to the manipulation of whales.
Not a single certainty that can be said other than you have to be wise enough with your own investment decisions. If you believe bitcoin won't dump ahead of the halving - then you should stick to that belief.

But what's wrong with staying on guard by having a budget in reserve?
You can buy with DCA - that's only you do if the bitcoin price dumps ahead of the halving. The ultimate goal is to get returns - so collect as much as you can and maximize the chance.

Looking at the market it is still on the right track on Bitcoin Halving I don't see any factors that could affect the market price of the Bitcoin halving event yet, For sure there are times where on Bitcoin halving the price of Bitcoin doesnt have a big movement since most of the investors are already buy-in if you look at the Bitcoin halving timelines we see that there are some kind of delay on the pump of Bitcoin every time the Bitcoin halving event happened. And it might be possible since investors might expect to profit so they end up selling on the market at that day, but most of the time the price is going to skyrocket 365 days after the halving so there are some sort of delay on the pump.

I don't see Bitcoin dumping a big percentage after the halving most of the investors are aiming for the Bullrun and probably going to sell when the all-time high is reached or surpassed. So they might be some kind of drop but it wouldn't be a big market and will easily recover like in the past Bitcoin halving.

I don't see were this conclusion comes from. The price is formed by supply and demand. If the demand will become extremely low, Bitcoin could be dumped by selling even a million BTC or less. And those long term holders will be holding empty bags. This is of course an extreme scenario that I brought up only for illustrative purposes.

But you should always remember about the demand, instead of looking only at supply. Supply is not known perfectly, because we don't know what Bitcoin holders plan to do, but at least we can get some info from on-chain activity. But demand is completely unknown to us.

Many people are confident and expect the closer the halving, the stronger the market will recover, and that is why most recent predictions are very optimistic that bitcoin will continue to rise until the end of the year. But I have the opposite view, and I am still waiting for a big dumping to happen for one last shopping before we welcome the halving. I still believe that history in 2020 will repeat itself, I mean, there will be dumping that will bring bitcoin down to $20k again.

It will dump in about a month when the first Bitcoin etf rejection or approval will take place. Way too many people are confident that it will pass and get approved. So if it gets rejected like the 2017 Winklevoss etf there will be a huge dump.

Another issue is that it might not get approved or rejected but delayed like in the past. It’s very difficult to see what the SEC will do. They approved a leveraged 2x Bitcoin etf without issue but are very arrogant against approving an physical Bitcoin etf.

Regarding last Bitcoin halving edition price drop drastically after halving time, still memorize when bitcoin success reach all time high price above $65k and right now still on lower price. Many investor not holding their bitcoin assets after halving time and most of them sell it near close with halving and correction will be true after halving. Its experienced last halving edition and I don't think accurate with next time halving in 2024, better not holding bitcoin fund after halving and sell it when get moment on higher price before buy back later after halving with lower price.

Inside with FUD possibility with bitcoin drop exactly after halving time any community publish with bad news, but its worth comparison with 290 days left before halving last edition and right now checking again has the same progress with bitcoin price?

Another point to consider at this stage is that there are at least a couple more crypto options that long term holders will consider today as opposed to a halving ago.

Back then, Bitcoin was the only mature and stable option, battle tested, proven.

I still consider it the only true option of it's kind but others might view at least Ethereum as the other viable one, not least considering how it has kept up with Bitcoin (and often slightly outgrows during a rally).

Could be some converts over the last few years. Or at least those who transfer some liquidity over to the... Quicker/cheaper networks. That wouldn't be me, but I know a few who have. Even USDT users have chiefly migrated from Bitcoin based.

No one can control, selling or buying is everyone's decision. This is also what makes the crypto market very volatile.
Those who sell at a loss will only waste their assets, but those who become diamond hands, they will survive until their target is reached.

But some whales also manipulate to get cheaper prices by spreading FUD to make the market crash.

As a long-term holder, FUD and such are just signals to buy back at a lower price.
But when you say don't sell at the top of a BullRun, you have to see at what price peak the target will be reached.

Remember that you don't have to hold for the rest of your life, when the Bullrun comes and the new ATH target is reached it is a good opportunity to sell, but if the desired ATH target has not been reached then it will be a long journey.

I have this one


Basing up on the image then we are now on assuming on 532 days before halving.
Seeing the chart on which it do shows that we could still potentially be having those huge drops on which it
might happen as we do approach that halving events but now one really knows on what it would be or on what price
we are heading into. Its always been that unpredictable.

Yes, but we have to look at why the miners is selling, or why they are selling pressures on them, it's simply because it's business, so they need to sell at some point to keep their operations going. So for miners, there are always selling pressures so I'm not surprised by it.

The selling pressures could come from retail though, if they chooses to sell for whatever reasons, maybe they see the price going down hard, or there is a FUD then so be it. We can't control who is going to sell and who is going to have a diamond hand. But for long term holders, it doesn't matter though, we are looking for the long term so we won't be selling even at the height of the next bull run.

The bull run is what everyone who has a couple of BTC stalk somewhere is waiting for but not to say am thinking negative or wanting the price to go down or something but its just that I can't but stop to think what if the whole speculation about the halving and the bull is all wrong this time around and the price actually falls back to 16k as of same price cap last year. A lot of people would actually lose faith on bitcoin but am certain that bitcoin isnt going to dip again although stability of price is what am expecting till the halving passes by.

Possible that there could be dumps, but there should be reasons why investors and speculators are going to sell, it's not that they are going to sell everything just because they want to pull the price down.

There could be reasons behind, but if there is none then I don't see any incoming dumps. Investors are wise, they want the price to remain constant before the price halving as they are continuing to buy at every possible time.

I don't see any signs of a coming dump and I also don't know any reasons for it.
There was actually a dump in 2020, but this was a black swan event due to covid and US closing its borders.

How do you understand a "dump" though? Is it a 10% correction? 20%? Some people see 5% and they go into panic mode.
10% would only be 3k down, so 27k bitcoin. Still bullish!

Bitcoin doesn't even react to the news as much as it used to, which is a sign of maturity and it doesn't follow stocks like it used to.

It is fine to say that long term holders who bought from the circle of bitcoin that started from the 16k price are already bullish. The holders who bought at 50k during the last bull run will have to wait a little longer.
The market is fine in the bull direction and I think it will surely pull downwards for sometimes in order to gather the momentum to execute the halving expected bull run.

No one knows for sure what bitcoin's condition will be before reaching the halving for the future, but theoretically bitcoin's journey can be studied based on historical data and what I see the journey before reaching the halving must have decreased before reaching the peak of the halving.

Realistically the journey of bitcoin has spawned a lot of understanding for people and we are also finding long term holding compatibility for bitcoin rather than being actively traded, so more bitcoins are sitting in holders' wallets than are currently active on trading exchanges. If I'm not mistaken in the past year there was a statistic that was shared that more bitcoins are stored than actively traded and even then if my memory serves me right, from many things that we have found and people have come to the conclusion that bitcoin is indeed more suitable to be held in the long term to make big profits. Another reason is that we don't need to pay attention and worry about how the market conditions are going at all times.

If you believe the price of bitcoin can move in all directions, then you shouldn't really agree that one past event will always be repeated in the future. Bitcoin could have gone lower before the halving, or it could have approached its past ATH value. Both of these are still possibilities, but nothing to worry about if you want to hold onto them long term.

If you pay attention to the price chart on the daily TF, then bitcoin price may look very close to undergoing correction lower than $29k, but anything to the contrary is possible. I was expecting bitcoin to be higher ahead of the halving instead of lower than $29k, but I'm not worried.

Base on past history of bitcoin, the price is always at its low whenever the halving is approaching halving period. Many investors still believe it would happen, most are even predicting a price low close to $20k. Although I also have some belief that it could happen, the issue around ETF this days is actually shaping the market trend. If many institutions move in the same direction as BlackRock and other institutions then we might be in for the price range of $30k plus till next year.

Another concern would be government policies, should there be strict regulations against bitcoin or cryptocurrency in major countries in the upcoming days or a major collapse of any of the big exchanges then we might be faced with a dump. Because some investors will be forced to sell should any of the two above happens

The display of images made by PlanB on their Twitter account @100trillionUSD is also interesting to note because there are several assessment models raised such as assessments based on time, S2F-ratio, utxo, and difficulty.



We must believe that making analysis or making predictions on the price of Bitcoin is not easy and rarely hits the target, but reading and browsing news that describes positive things about Bitcoin will always be interesting because it can add to the feeling of optimism in holding before a new ATH is reached.

Currently we are still waiting for Bitcoin to reach a price increase to $35K and it's only a matter of time, ready to hold or not.

You can not be able to accurately predict bitcoin price in short period of time and in the time that the prediction may not be accurate which are times like this. To know if bitcoin price will increase more and not go below $20000 again before halving will be hard to predict. Even going to $25000 still means dumping price and bear market. But it is good for anyone that buy bitcoin to never sell because the days of having is getting near and people will buy bitcoin and significant bull run will later begin.

Looking at the outlook of the market and that glassnode chart shows one thing - that the worst for Bitcoin is behind us for now. In the long run as bitcoin mining rewards will significantly reduce as more halving events come and there would be fewer mining rewards to be sold. While these would have some effects I'm sure one of them would mean Bitcoin would remain bullish for the long term.


Mining rewards have always created strong selling pressure whenever miners make sales, it often leads to a drop in price but that might change in the future since those rewards will be significantly reduced. Most long term holders have always chose to hodl than sell.

I would not think it will dumped instead it will create a great FOMO towards future investors and it will surely have a good market feedback towards good price actions. Halving is the event that everyone looking forward which means it is an important part of crypto and bitcoin that will have a big effects the future of it.

Hi all community:
I think To analyze the long-term outlook of BTC this glassnode chart is quite interesting. We can observe whether Bitcoin price might experience a dump leading up to the halving event or not.


https://twitter.com/glassnode/status/1675842010261979137?t=SabfX80yr5HyODx0t1b9tw&s=19

In the last 600 days i think there has been a gain of 1.4 million Bitcoin among long term holders according to the graphic showing their position. The total supply of BTC in the market is 19 million some thing. The green highlights on the chart indicate that there are 14 million BTC held by long-term holders while 4 million BTC is though analyzed lost. Lost means that when these 4 million BTC were transferred to their respective wallets, they have remained untouched. So, there are 1 to 2 million BTC available for trading.

This is very positive news for long-term holders, and from this point of view it propose that Bitcoin prices should not be dumped until the next halving event. This is because miners receive mining rewards which creates selling pressure on the price of BTC in the market.