Topic: Is Bitcoin set to RISE into the Halving? - page 3. (Read 694 times)
I supposed to think the market will surely rise during halving similar to the previous halving even but maybe we unlucky this time as a crisis appears in the global market and ruin everything including crypto. But despite this struggle and market difficulties, I'm still thinking about the possibilities that the market will surge high, in fact, we are moving at high after a huge dump last month. But we don't expect that we are in bullish this coming halving, $8k-$9k is a way to make possible.
I doubt we can really go beyond 11k these days, not before halving at least, correction sounds reasonable if it really goes that high but I doubt it can these days. Surely it can stay above 7k until halving, maybe go down for a while but at least be around these prices and eventually stay above 7k (even if it drops under 7k for a while).
However I believe around 8-9k is more reasonable for a bullish increase, not that it is impossible to go to 11k but it requires a lot of money to be used in purchasing bitcoin and the world economy is not really doing all that well so far which is why I doubt it. With something like 8k you are not just talking about the money coming it but also sellers going out, so it is more reasonable to expect such price.
However I believe around 8-9k is more reasonable for a bullish increase, not that it is impossible to go to 11k but it requires a lot of money to be used in purchasing bitcoin and the world economy is not really doing all that well so far which is why I doubt it. With something like 8k you are not just talking about the money coming it but also sellers going out, so it is more reasonable to expect such price.
I imagine the price will rise for $11,000, and make a correction at $7,000-$9,000, and then after the halving, the price slowly to increase and back to $14,000 until October. After that, the price rises so high and break $20,000 and more 
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
Since we're all making guesses, I might as well throw my hat into the ring, not that I've been right every quarter since 2018;)
Price to go up to $9k, as halving counts down and Fomo intensifies. Then perhaps a break of $10k many, many times, before eventually falling back to $8k.
I've always seek 9k to 10k as no man's land and nothing inside there is meaningful. BTC will need to break 2019's high to send the market into a frenzy.
I have a feeling that the Great Destroyer is lurking around the crypto markets 
I have a feeling that bitcoin will have a rally soon, either prior to halving or post halving, this pandemic will end soon so people will be looking to the big even that happened in crypto this year and that is halving.
I imagine the price will rise for $11,000, and make a correction at $7,000-$9,000, and then after the halving, the price slowly to increase and back to $14,000 until October. After that, the price rises so high and break $20,000 and more
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
Phenomenal post. P-h-e-n-o-m-e-n-a-l
This is pretty much my exact base case as well. Due to the recent dump it is possible in my opinion however that we don't get a 30% correction until $14,000.
And during the bull phase except a handful of 30% corrections.
In this time, The Bitcoin price will not follow 
the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time 
to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus.
The pandemic also brings its own advantage, we only look at the struggling economic situation around the world resulting in unemployment and inability to invest even in cryptocurrency, if the government plans to put such a big fund into the economy it will go somewhere and could find itself in the space. Just few billions from the stimulus package in bitcoin could give high price at bullrun and may not delay the bullrun as expected. the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus.
Personally don't think the halvening will have any effect for this year, but regardless I would suggest to keep it very simple.
That is the important price, that would change the trend dramatically (higher high).
Everything else between current price (7.3k) and this resistance at 10.5k is not substantial. I personally didn't do any trading since January, the current area is very difficult to read. When I say trading it's usually to get between 10% to 30% profit.
- 10.5k USD
That is the important price, that would change the trend dramatically (higher high).
Everything else between current price (7.3k) and this resistance at 10.5k is not substantial. I personally didn't do any trading since January, the current area is very difficult to read. When I say trading it's usually to get between 10% to 30% profit.
not regulated, but potentially. when halving occurs, crypto users know what is happening, especially the miners. it is likely that there is a greater need for demand and demand which causes the price to rise. that had happened to halve in the previous year.
No, I cannot see any sign of it.
No hype also.
We might expect more of a bear trend rather than a bull.
Let us not forget people are still spending money.
Bills are piling up every month and all of that will be paid in one bulk which will hurt a lot.
No time for people to be thinking of buying something else except for food and medicine.
No hype also.
We might expect more of a bear trend rather than a bull.
Let us not forget people are still spending money.
Bills are piling up every month and all of that will be paid in one bulk which will hurt a lot.
No time for people to be thinking of buying something else except for food and medicine.
I imagine the price will rise for $11,000, and make a correction at $7,000-$9,000, and then after the halving, the price slowly to increase and back to $14,000 until October. After that, the price rises so high and break $20,000 and more
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
It's too good to be true, but the price can go to any price
But so far, I enjoy for the up and down of the price because I make some profit from that.
The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?
In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.
https://youtu.be/j78WSzThEK0
In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.
https://youtu.be/j78WSzThEK0
I'm almost 90% sure that the Bitcoin price will go down after the halving,because a lot of not-so-experienced crypto traders that jumped in the crypto trading wagon during the last 3 years will have some false exaggerated expectations about the halving pumping the Bitcoin price.The BTC halving will just happen,the BTC price pump won't come and all those rookie traders will start selling their BTC out of disappointment(because they can't control their emotions).Therefore,there will be some cheap Bitcoins for us to buy after the halving.
Do you realize the market just rallied 94%? And that the halving is one month away?
you are confusing recovery/bounce-back with a rally.
a recovery is when price rises AFTER a massive drop. it is similar to bubbles, they are unstable because the value has dropped way below the reality. you can never consider the bottom of such prices as the real low just like you can't call the peak of a bubble as a real high value. they both are fake and the result of an excited market.
as a result what happens after that overly excited state is the "correction" of the "mistake" not a rally.
with that cleared, what we had in the past weeks is a simple recovery where price comes back closer to its natural value. it can not be considered a rally even if it was a profitable process for some day traders. consequently it has nothing to do with halving either.
There is no certainty that the halving will directly lead to a price increase. No one knows the future. Because the payout will be halved, new coins will be harder to get and that could raise the value of the currency. So if the same amount of total processing power (I.e. Same amount of miners using the same mining hardware) and the same daily rate of new money being invested into the Bitcoin each day post-halving, then the supply will slow down in proportion to investment and therefore the price per coin will increase.
The major reason can be the global situation of the pandemic coronavirus.
Pandemic is one situation and then there are other rules and regulations which is implemented in the market, the other two times we had a free market as none of the authorities was taking a particular interest because the market was new and since we had a huge rally last time, the financial sector has set their eye in this market and with that it is hard to see the market rallying until there is a concrete reason.The major reason can be the global situation of the pandemic coronavirus.
Pandemic is one situation and then there are other rules and regulations which is implemented in the market, the other two times we had a free market as none of the authorities was taking a particular interest because the market was new and since we had a huge rally last time, the financial sector has set their eye in this market and with that it is hard to see the market rallying until there is a concrete reason. Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%.
Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.
I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.
Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.
I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.
It was a 30% drop after the 2nd halving right?
I agree if we were to rally past the "fair value" of $11,400 the halving prior we could see a pullback. Also throughout the bull market phase expect MULTIPLE 30% pullbacks as during the last market cycle.
It was a 40% drop in 2016. Arguably the August Bitfinex hack news intensified the downward pressure and we crashed harder than we would have otherwise.
Why do you think $11,400 is fair value? My opinion is fair value = the current spot price.
Personally, I don't view it as Bitcoin just rallied 100% off of the low (which is of course has) but nothing more than a vicious liquidation loop on Bitmex which self corrected within hours after Bitmex went offline. Price is basically back to where it was before the liquidity crisis.
I don't think Bitmex caused the liquidity event at all. https://bitcointalksearch.org/topic/m.54171345
I agree that part of this month-long rally was merely a reaction to that liquidity event. However I don't think that automatically means we get another 100% halving pump (like 2016) either. It's still a "sell the news" event that sellers will probably front run by a matter of weeks, and BTC holders are still sitting on massive losses from $10.5K, suggesting lots of upside resistance.
The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?
In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.
https://youtu.be/j78WSzThEK0
In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.
https://youtu.be/j78WSzThEK0
If we base on statistical data on the past history we can define or see that there are huge possibilities for a rise but every halving year got different story like just what happen today where we are facing a global economic crisis to due to this pandemic disease and might this could affect the growth of the bitcoins price since as of now government globally doesn't have any solution for the said disease and if lockdowns will still occur for sure many people will get affected and those crypto enthusiast people will be force to withdraw their assets for security.
Actually, we can't decline such possibilities. We still have a number of days before halving and the trend seems too good to see that it was increasing.
This is to say that if the current momentum will continue is could be expected that market price will be at a high.
As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
This is to say that if the current momentum will continue is could be expected that market price will be at a high.
As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
Halving and the heavy dropping of stock markets benefits Bitcoin. But as mentioned already by some people here, chances are that this might be another "sell the news" as many non-regular Bitcoin traders will also try to enter and snatch some quick profits before going back to their traditional markets.
Actually, we can't decline such possibilities. We still have a number of days before halving and the trend seems too good to see that it was increasing.
This is to say that if the current momentum will continue is could be expected that market price will be at a high.
As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
This is to say that if the current momentum will continue is could be expected that market price will be at a high.
As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
Jump to: