Topic: JP Morgan says BTC price could drop after 2024 halving - page 2. (Read 488 times)

In bitcoin long history you woudl always find that person or persons that always try to speculate shot about bitcoin telling us what would happen and what woudl not, besides it's just speculation even a 12 year 9ld can come online write an article about how he feels that bitcoin woudl drop to 1$ and blah blah blah, I feel jo Morgan is wrong or might not be wrong who knows, but it's better I make decisions based on facts and not someone saying shit, everyone was sure that the bullrun had started right after the ETF was approved and big companies started buying off most of the current supply if bitcoin and this caused the pump, so I can say that unless something strong enough to counter this cation or they decide to start selling then I want ever jp Morgan is saying is just some opinion that has no backbone to it, anyway we can't know what to expect so it's better to stay smart and prepared for anything but really I'm not bothered never had any plans of selling this bullrun, wanna practice some diamond hands  .


Sure it would be overly optimistic not to expect a correction at least before we continue the bull journey and I bet a lot of weak hands would be selling during the correct just what they wanted, what i see here is a plot to take bitcoin off retail investors and in full control by the big players, else what is the reason buying so much off the current supply and as it Is if a bear or correction where to happen it should triggered by a massive selling like when Grayscale was selling massive to delay the bull or cause a little dip, let's just see what happens as it is I'm just a spectator of whatever happens next.

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Saying that investment companies are buying most of circulating supply is a huge overstatement. They're buying a lot, but that 'a lot' amounts only to a few percent. It's around 1% (4% by some generous estimates) of the circulating supply when it comes to Bitcoin ETFs altogether, 1% of the circulating supply in BlackRock (although it's probably included in the 4% estimate I've mentioned above).
I still believe that Bitcoin's price has nothing to do with Bitcoin halving events, and that's why sometimes it's up, sometimes it's down, sometimes it's up after a significant amount of time, etc.
Bitcoin going down "after halving" is a vague phrase because both summer of 2024 and spring of 2025 are "after halving".

Maybe one day you wake up and realize that this so-called stablecoin is frozen in your wallet, or that the whole scheme collapsed because the authorities finally proved that the tether guys "print" their tokens without being backed by anything. You know what's worse than keeping your savings in fiat? The fact that you keep it in some kind of tokens backed by a private company that can fail at any moment...

Frankly, no one has a crystal ball to know what tomorrow will bring, it's all just predictions. I was also thinking about this scenario, bitcoin won't drop anytime soon this month but there could be a big correction after the halving. But as I also said, those are just predictions and nothing is certain, and if we are a smart investor, we should always plan for both outcomes.

In addition, always stockpiling USDT is something everyone should do (USDT always accounts for 20-30% of our assets) because when bitcoin corrects, it will be an opportunity for us.

Yes, it could, and for smart investors, it's going to be a final buying opportunity, I crave a massive retrace in Bitcoin price, to be honest, but I don't like getting too emotional, I am not so bullish and I am also not too bearish, I have to learn to not lose my sense about the market anymore, whatever happens, is very welcome in my world.

Either this is coming from JP Morgan or not, I already believe that a correction is possible, even down to 20% but that doesn't mean it will happen, instead of trying this hard to figure out what the future will bring, it's better to be prepared for both possible outcome.

Have some stable coins in your crypto wallet, for taking opportunities when they come, and go back to your life and keep smiling, you have some Bitcoin and also some stablecoins, this is a win/win situation.

A big short will still occur but resistance is still strong enough to support prices because demand after last year's halving and demand after this year's halving clearly have strong differences. What I did was send a number of Bitcoins in preparation for the Halving, as a retailer who can only use it for necessities, of course you already know what to do so as not to miss this rare moment. While there are still disputes out there regarding large institutional holdings in Bitcoin, we still need profits in fiat.

I don't trust the predictions of some of these presumed crypto analysts. The process of conducting such research might be faulty and researchers might be biased which might affect the outcome of the findings. Also, JP Morgan has made severe predictions that were highly erroneous. On November 05, 2015, J.P. Morgan Chase CEO Jamie Dimon declared Bitcoin dead at the Fortune Global Forum in San Fransisco. Nobody will expect me to believe this prediction because Bitcoin has become unpredictable. This halving and Spot Bitcoin ETF has changed the Bitcoin cycle to a large extent. What I know is that Bitcoin price is controlled by the force of demand and supply. If the supply is low and demand is high the price will rise and vice versa. There might be a correction caused by profit taking but the price will still rise and my prediction is $100k. I see such news as FUDs, maybe Morgan Chase wants to buy some cheap Bitcoins but they don't such power to influence the market. 

https://cointelegraph.com/news/jp-morgan-chase-ceo-jamie-dimon-bitcoin-is-going-to-be-stopped

I don't dare to speculate more because market players are focusing on BTC and of course that makes the market very excited. If I predict the market with certainty, I think no one can. Yes. Although this is only one scenario that may occur in the future, where there is the potential for a decline in Bitcoin prices after the halving trend ends.

Whether it will be real or not, if JP Morgan has spoken, it usually happens because many people really listen to the old man's advice and he is also a respected person.

No one can control the market and it is not easy to predict the ups and downs of the market. All investors are optimistic and assume that the value of Bitcoin will be much higher than this. The price tends to decrease after the increase but if the number of competitors in the market increases, the price of bitcoin will reach a higher position. JP Morgan says the basis for this statement is much less.

This is not accurate.

What this statement is missing is the time-frame.
History clearly shows that right after the halving there is a drop. It is natural too and it is not surprising at all. A lot of people buy bitcoin because of halving "hype" and these people cash out when that hype ends. But such drops are never massive. You have to keep in mind that there is a difference between a correction and a crash. After halving we have a correction not a crash. Meaning price is unlikely to reach $40k.

In long term after halvings we have the bigger rise start. This bigger rallies lead to the eventual bubble.

The only reason why we are setting a new ATH before halving this time is just because due to global economic situation the cycles are broken and previous bubble-burst duo was left early and without reaching the top.

I’ve been reading articles from all these hedge funds about bitcoin and various stocks and the conclusion is that they don’t know what they are talking about 50% of the time.

Half the predictions are correct and the other half are not. No point in reading anything that they write.

They are your competition pretty much on the open market so why would they give you any stock tips?

JPM and Peter Schiff always say such over negative speculations and they usually feel happy when they see Bitcoin falls, corrections a little bit or crashes.

They feel happily in short term because they only can take falls, corrections, crashes as their proofs that Bitcoin is not good for investors. They can not have other evidence for their statement and disbelief in Bitcoin and only can borrow those things to attack Bitcoin and want to make impacts on Bitcoin investors.

They in reality, fail with their attempts over years because Bitcoin has been continuing to rise, more and more, from yearly min prices to all time highs.
https://buybitcoinworldwide.com/stats/yearly-candles/

I would think there are high chances of this happening, the market has been moving even faster than the most positive expectations that we had and at some point a correction may come, and the halving could be the moment in which this happened, as many investors are still hoping for an even greater increase on the price once it happens, but if the market moved sideways for a few days after it, many of those people may get desperate and sell their coins for a loss, causing the market to experiment a change on the current trend.

What I now believe in crypto is that no price is impossible. Crypto price analysts and experts use the previous chart and candles, plus other tools, to predict the ups and downs of the market, but those tools are not designed to pull up or down the market after a price has been predicted. JP Morgan has only dropped his own prediction based on his interest that the Bitcoin price will fall to $40k+ and he will use the opportunity to buy more,while there are also many people (investors) who have also predicted and are praying for the price to continue to surge.

The fact is that we can use the previous price chart to predict the next movement but still get disappointed because the crypto market is not regulated by anyone. It can become volatile in any direction that we thought it may not trend in.

Personally, I am predicting that Bitcoin will reach $100k before the end of the year, but whichever way, I know I will still benefit. If it falls to $40k, it's a better opportunity to bag more, and if it still surges high, that's another opportunity to take profit.

It doesn’t have to be so much of a decline that one will refer to it as a bloodbath. It is possible that there would be a decline in value after the halving happens. Obviously volatility alone explains the possibility. I also think that when the halving happens, Bitcoin price wouldn’t be far from what it is today. So yes, it’s already priced in. But we are all speculating as none of us is able to control the market.

True! In fact, bitcoin already surpassed its previous ATH, and the bitcoin price right now is circulating at $70k, and JP Morgan says that the bitcoin price will drop after the halving event. Haha, little he knows people right now are already halving and that's the cause of bitcoin being bullish right now. Take note that this is not the actual bull run, so there is still a correction, but I don't think that it will take a huge dip. Based on what we are seeing, the bitcoin price is more on the up trend, meaning those investors are not selling their bitcoin until it skyrockets. I believe in the bitcoin community; they will not sell their assets right away. I got the feeling that we are all the same that we want bitcoin to raise up more and more, and it is possible as long as no big investors will sell their bitcoin.

Everyone including JP Morgan is entitled to their opinion. Bitcoin's price increases based on demand. The initiatives it develops alongside it as it grows like the spot ETF recently, helps to make sure it remains committed to dominating the cryptocurrencies market for a long time.
People always say what they want many atimes, but when it comes to BTC, crypto signal groups couldn't do as much as to correctly predict what might happen next, and even if the whales start moving.
We just HoDL and hope and observe how the market unfolds after the halving has happened.

Mate, we should be done with JP Morgan, we have seen what they have done or what the narratives of them saying this and that on Bitcoin market.

So to answer, yeah, we will have a new all time high in 2025, despite what perma-bulls or those entities that something bad to say on Bitcoin and on the contrary keep buying and looking for big profits like JP Morgan.

Yes, they are one of the most successful banks, but it doesn't mean that we will believed everything what they say.

Such negative statements by these people never passed any weightage because everyone knows the inside they always play under this shady public statement. On his analysis, I cant say he's wrong or right but a temporary shake-off is highly possible and for the Bull run's peek it's one of the catalysts. I'm expecting the market to close around below 100k by the end of the year for the real ATh of the cycle we need to wait for 2025.

The push back is already done in the market and the retail investment is on the way and its just a matter of time before changing the public narrative that they won't see Bitcoin below 50k anymore.