I'll put on some small hedge at 50k but I think no lower then that, mostly its deciding do we linger here or move some distance above 68k. Its really unusual to have the current pricing not stay as the favorite, there's got to be an opportunity there but I expect odds to change as we approach the cut off.
The Bitcoin price prediction seems to be going down before it approaches the halving, I believe that there is a lot of fomo out there about the halving so people are buying it a lot, if you look at the charts it's not really consistent in my opinion, but this is market demand I can't deny it, But Bitcoin has been trending upwards for quite some time so there needs to be a price correction or price reduction ahead of the halving, but I don't guarantee that market demand can be predicted.
I'm still in the $50k bet as well to profit from the Odds there for fear of a price drop as I think, but the price probably won't be much higher ahead of the halving as it's likely those big holders will sell first and buy at the bottom at the same price. even cheaper before they finally raise the price again at the end of this year, actually this cycle usually occurs after the halving, not just before the halving, even close to the halving the price usually tends not to be very significant, still my advice is to bet the day before this bitcoin price prediction at the close, in my opinion it is better to look for the right profit than to bet at this time. bitcoin has reached a new ATH, it is possible that the price may fall in the near future.
Yeah, bitcoin touched $70,068, which is a new all time high different from the previous one it recorded some days ago, which if I still remember was around $69,700 or something similar.
But again, the price immediately dropped down to around $67,700 before it started to rise again, and right now, it's up around $68,200 at the time of writing this comment.
Just like you have said, it seems that there are really some big holders who will not let the price of bitcoin stay at its newly achieved all time high and possibly go into price discovery, they seem to immediately dump the price down immediately it goes above it's previous all time high, I don't know what exactly those doing this hope to achieve by doing it, as this is exactly what happened the previous time bitcoin first broke its 2021 all time high, but all the same, one thing that is very certain is that, this circle is not like any circle we have witnessed before, at some point, those behind this manipulation will get tired and bitcoin will fly.
The halving is next month being April, maybe we might see bitcoin at $100,000 before the halving, very difficult to happen but not ruling out a damn thing, the unexpected have happened a lot of times in crypto, and concerning your $50k prediction, I don't think we will ever see that price again, except when we enter the bear season.