Needless say that many of us expected that by now, bitcoin should already be trading above $100,000, with Altcoins shooting for the stars, but it's like we aren't seen nothing yet 😂, reality is hitting hard on many of us and not very many can bear, but last on last, those who managed to scale through this huddle and come out on the other side still holding strong on their position, are often the true winners, HODL is king.
It's only 2 months after a halving and I only knew that it takes several months like one year and more than that for Bitcoin to take off since its halving day for a big bull run in a new market cycle.
With only 2 months since the halving in early April 2024, I did not expect Bitcoin to break $80,000 too soon and $100,000 or higher price is my expectation in 2025, not in 2024.
I am realistic that Bitcoin Spot ETFs made effects on Bitcoin market and price since H2 2023 and I see it is reasonable for this market to have correction and re-accumulation before a next bull run.
Now it's time to HODL and wait for bullish months in 2024. If we sell our bitcoins now, we might face with uncertainty and hesitation to buy back, so we might miss bullish months with good ROI in 2025.
I agree that it may take some time for bitcoin to grow bigger, it is obvious that we are talking about a situation that is getting more and more "almost there" for people. Yes we haven't seen anything big so far, because we had the increase before the halving this time, normally that "from the bottom to previous ATH" happens after the halving, and then near the end of the year we see "a whole new ATH" one.
This time we have seen "previous ath" version before the halving because of the whole ETF news and tens of thousands of bitcoins bought by the corporations for it, which means that we need to just wait it out until the season gets closer to ending. Lets see how it will do after the summer, before summer ends I am not expecting much.