I don't expect anything special on halving day. What I do expect is that halving will slowly take effect and in a few months we will have a rise to $100K and beyond.
This is on point, my friend. The halving, contrary to how many people believe it, will not impact the Bitcoin market positively immediately. It may take a while and it might start with a negative market outlook before the expected buying. And if I should predict, I would say that in the first weeks after halving, Bitcoin might take a nosedive and this will discourage people so much, and hence, the reason for the initial fall. But it will get to a level where it will meet strong support where the effect of the halving will start and this would couple with the completion of some kind of correction at that time due to the initial fall.
For this, Bitcoin would have taken the needed market breath to have more power and room for a higher price and this would return FOMO into the market to the point that the $100,000 would be hit within a short period of time afterwards. I nonetheless expect this to happen towards the 8-11 months of 2024, and if the tempo is sustained till the first quarter of 2025, Bitcoin may reach $120,000 easily in that period.
In other words, there could be some turbulent moments before the sweet ride upward, which is against the immediately smooth ride that people widely expect.