JP Morgan says BTC price could drop after 2024 halving - page 3.

Faisal2202

sr. member

Activity: 1204

Merit: 466

#SWGT CERTIK Audited

Quote from: Abiky on March 12, 2024, 12:41:23 PM

Exactly. Everybody's happily talking about BTC going up. But you will see the majority panic selling once there's a market correction. It could either happen this year, or the following one. JP Morgan could've said those comments to buy more BTC at a discounted price. Who knows?

It is crypto anything can happen, bad news is enough to dump the whole market, for example, SEC delisting or disapproving BTC ETFs, but that's not going to happen anytime soon, but for a moment imagine. There could be many other news that can dump the BTC. Before it was the amount of BTC that the US held in seizure which is a lot, and once they will sell them all in this year the price has to be dumped, but according to the market's sentiments, it can consume that BTC as well. As buying is happening now.

The point is, I have also heard from some analysts in the news that BTC might take correction after halving, but that's not for sure, it can be a biased prediction, and they might want to sell the news for their own goods. The thing we should consider here most is, what actually we want from this correction, all of the investors want two things, want to exit the market with some profit before this correction, second they want to make an entry again after the correction. But in the long run, why take this risk what if no correction occurs? So hold what you have, and do DCA if you want to buy. We all know till 2025 or after 2024 a new ATH is going to be made.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Quote from: Nrcewker on March 12, 2024, 01:20:34 PM

Quote from: Oshosondy on March 12, 2024, 08:50:30 AM

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

This is the strategy that many whales try and every time gets success in this. They use the power of social media and their fanbase to create such hype for which the price always goes down. Elon Musk already did this with Doge, and now it is being tried with Bitcoins. So it will only affect if more people sell the coin by freaking out. I don’t think this will happen any near soon. So let’s just enjoy the ATH phase of the coin.

Things like this always happen when Bitcoin is bullish because that is their strategy to be able to collect Bitcoins in their pockets and the internet and all social media are their strategy. Because it is one of their effective action strategies and makes many people panic because of their action, and this will be very influential for many beginners.
And as for JP Morgan, I'm tired of his behavior, because he always expresses very disrespectful opinions about Bitcoin, but it doesn't work for those who already know about it, especially those or old investors.

Marvelman

full member

Activity: 994

Merit: 137

★Bitvest.io★ Play Plinko or Invest!

Quote from: Nanga Parbat on March 12, 2024, 01:50:54 PM

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

If you look at the direction of Bitcoins rally after every rally there is usually a short dip.
Bitcoin nearing $80'000 excites people but in the meantime there is some fear as to whether this is the right place or will be more like a temporary dip. And I don't think Bitcoinwill take that deep sdio now that the Havling is near and Bitcoin has, The Bitcoin correction is underway, but according to expert analysis,it is not expected to drop below $66,000.

I agree with you there. After those huge rallies, Bitcoin seems to need a bit of a rest period before it picks up steam again and the excitement can only be sustained for so long before things settle down.

But predicting where the bottom will be is tricky business. The crypto market has a mind of its own sometimes. Even the experts can only make their best guesses that the floor might be around $66,000. The market moves fast and sentiment can shift pretty quickly. I try not to put too much faith into any single number, but I also hope that we will not go below 60k ever again.

MFahad

hero member

Activity: 2464

Merit: 644

Eloncoin.org - Mars, here we come!

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

JP Morgan isn't a fortune teller or someone who knows the future, he is making assumptions and he is most probably doing that to spread FUD so that people start selling their holdings the market takes a plunge and he can fill his bag with low priced sats, that's what these so-called influential people do. So people shouldn't give much attention to such things, even if the market does that, we don't need to make it happen ourselves.
What I think about the current situation is that it's surprising, no doubt, but since this happened, I expect Bitcoin to at least touch $80k before the halving or before we see some correction but only if it manages to go above $75k.

Nanga Parbat

full member

Activity: 196

Merit: 127

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

If you look at the direction of Bitcoins rally after every rally there is usually a short dip.
Bitcoin nearing $80'000 excites people but in the meantime there is some fear as to whether this is the right place or will be more like a temporary dip. And I don't think Bitcoinwill take that deep sdio now that the Havling is near and Bitcoin has, The Bitcoin correction is underway, but according to expert analysis,it is not expected to drop below $66,000.

shield132

hero member

Activity: 2198

Merit: 847

Quote from: Abiky on March 12, 2024, 08:43:44 AM

History has shown us that Bitcoin's market price goes up after each halving. But this time's different. Especially when institutional investment companies are buying up most of the circulating supply. BTC reached a new ATH right before the anticipated halving event of April 2024. Prices are going up, and everybody's happy. But what if there's a big market correction once the hype ends? According to JP Morgan, Bitcoin could go down to the $40k range after the halving craze is over. So we'll be seeing the inverse effect of what used to happened before spot ETFs became a thing in the crypto industry. You can read all about it here: https://www.theblock.co/post/279833/jpmorgan-bitcoin-price-april-halving

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

People always expect that Bitcoin will rise after halving because once every 4 years, the Bitcoin block reward is split in half but demand increases, which results in a massive bullish market. This year there is a very different situation. This is the first time that Bitcoin got ETF approval and a massive amount of money flooded into it. Bitcoin ETF is as important an event as halving, so in fact, we are experiencing double halving to say it otherwise. Bitcoin will rise even higher after halving and in one year it will reach one of the highest levels of price. Then, it will definitely crash, that's inevitable, when the bubble grows too much, it has a limit where once that gets reached, the bubble will burst and price will crash.

Nrcewker

copper member

Activity: 2156

Merit: 536

Building my own Dreams!

Quote from: Oshosondy on March 12, 2024, 08:50:30 AM

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

This is the strategy that many whales try and every time gets success in this. They use the power of social media and their fanbase to create such hype for which the price always goes down. Elon Musk already did this with Doge, and now it is being tried with Bitcoins. So it will only affect if more people sell the coin by freaking out. I don’t think this will happen any near soon. So let’s just enjoy the ATH phase of the coin.

electronicash

legendary

Activity: 3066

Merit: 1049

Eloncoin.org - Mars, here we come!

the correction down to $40k if it happens, may just be a quick drop in price and will come back to start going up again after a week or two. yes it's possible. i believe the chart says so. the continous rise of demands is keeping the price up though.

just bear in mind that halving will always make the supply less compared to the demand which the demand these days is much higher than what it was in the previous years and this is because of the ETFs.

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving?

I don't think that we need JPMorgan (or anyone else for that matter) to tell us that bitcoin may have correction after halvening.

As for my opinion, I think we are due for a proper correction before we go more up. Then again, many of us are expecting exactly that, meaning there is a good chance that it won't happen and that Bitcoin continues going up slowly with only minor corrections.

Abiky

legendary

Activity: 3192

Merit: 1359

www.Crypto.Games: Multiple coins, multiple games

Quote from: Smack That Ace on March 12, 2024, 10:24:15 AM

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd. I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

Exactly. Everybody's happily talking about BTC going up. But you will see the majority panic selling once there's a market correction. It could either happen this year, or the following one. JP Morgan could've said those comments to buy more BTC at a discounted price. Who knows?

No matter what happens in the future, you can rest assured it will never go to $0. If demand stays high after each halving, BTC will become much more valuable in the long run. It's the best-performing asset on Earth. Maybe it will go as far as "toppling" Gold's market cap? Cheesy

alastantiger

sr. member

Activity: 504

Merit: 283

Quote from: franky1 on March 12, 2024, 09:18:06 AM

so when he says it can go down he wants people to sell now to make people become the trigger of a fall.. thus create a self fulfilling prophecy.. so he can buy at a discount to current prices

JP Morgan should be tired of their strategy of manipulation to get people to impulsively being to sell off their bitcoin. Well only the uniformed would do so. We are familiar with their schemes. Anyone who FOMOs now is doing so at their own peril. These big guys will come on-air and say stuff like this, they will just scare the fainthearted and after that the fainthearted sell their bitcoin, then they buy it at lower price. Anyone who has been investing in bitcoin within the last two years should know this really well.

boyptc

hero member

Activity: 2982

Merit: 678

★Bitvest.io★ Play Plinko or Invest!

Whatever.

Correction, dump, drop, or whatever he calls. It's normal for Bitcoin to have some correction during these all time highs. But the good thing with this moment is that we're not yet in halving and we're anticipating more to come.

Whether it will be before or after the halving, just expect that there will be some corrections as taking profits are essential for most investors.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

OP, if you have any faith in what JPM puts out to the public every now and then, it might be wise to sell now and wait for their "prophecy" to come true. I, on the other hand, do not listen to what bankers, crazy politicians and old entrepreneurs say, because otherwise I would invest in gold, stocks and bonds, and not in Bitcoin.

The same JPM published another "spectacular" analysis a few months ago Roll Eyes

J.P. Morgan Thinks the Big Crypto Rally Is Overdone

Uhwuchukwu53

member

Activity: 196

Merit: 25

★Bitvest.io★ Play Plinko or Invest

Quote from: Oshosondy on March 12, 2024, 08:50:30 AM

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

The analysis is made of self interest, from what I am seeing the ATH will continue even if ATL occur it will not return to this $42000 as analyzed by him, which ever ways I believe even if it drop is an opportunity to accumulate and hold.

Marvelockg

member

Activity: 154

Merit: 84

★Bitvest.io★ Play Plinko or Invest!

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

no one is certain on what the price would be after the halving and whatever you've seen out their is mere sentimental opinion that's just based on what they want out of the market.

After seeing how bullish the current market is, it's not strange that you will find a lot of people waiting for another bearish season just so they can come into the market. Some might have sold and made some profit out of their previous investment and might be looking out for a perfect opportunity to buy at the best DIP. I guess that's the angle JP Morgan is coming from.

Bravut

jr. member

Activity: 0

Merit: 0

JP Morgan is simply creating tensions in the market, because many people will sell and believe what he is saying which isn't possible, I do tell people what this companies, media do is to use there influence to create liquidity in the market for there own benefit.
He simply looking for a room where people will sell there bitcoin, thereby making his Bank buy cheaper bitcoin.
Keep holding bitcoin, and also buy more. The media is the only means they can use to create tension and pressure in the market.

Past history shows after halving bitcoin pumps more, even if bitcoin drops after halving it doesn't mean bitcoin won't rise, the bullrun will last till September 2025.
Only Patient bitcoiners will benefit.

Zaguru12

hero member

Activity: 672

Merit: 855

Quote from: Smack That Ace on March 12, 2024, 10:24:15 AM

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd. I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

Same thoughts here, JP Morgan to me isn’t even stating something extraordinary from what the whole crowd knows, we might all be bullish on bitcoin base on the funds we have on it but we cannot take out the fact that there will be correction, Morgan isn’t even exact certain with his prediction, after halving can still be two years from now. As for me a price of bitcoin hitting anything close to $100k we will see a correction, because this is the price target I assumed many people have set out to take profits, either it is after halving (which is the most realistic thing now) or even before it

Smack That Ace

legendary

Activity: 1750

Merit: 1094

Assalamu Alekum

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd. I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

BlackBoss_

sr. member

Activity: 602

Merit: 387

Rollbit - the casino for you. Take $RLB token!

Jamie Dimon again and he does not change himself.

Bitcoin is a fraud.
Bitcoin is dead.
Bitcoin will fall/ fail.

But he can not ignore benefit for his bank, JP Morgan by adding more new services for their customers to use the bank and access to Bitcoin and cryptocurrency market.

JPMorgan's Dimon says bitcoin 'is a fraud'
JPMorgan to give all wealth clients access to crypto funds.

Franctoshi

hero member

Activity: 784

Merit: 544

I believe he's looking for a pullback buying opportunity after the halving, normally with my experience in the previous Bitcoin Halvingsq, there are few occasions where we had Bitcoin got a major correction after the halving and whereas in some cases too, we have had the price going forward just with a minor correction post Halving, therefore no one can actually tell which direction that Bitcoin will take post Halving, and besides Bitcoin does whatever thing it wants to do at any given time.

So, from my perspective, if Bitcoin keeps increasing in price towards Halving, there's a chance we will get a correction post Halving Because, then the RSI must have gone way overbought because we already touched the 70% overbought area on daily timeframe, but if we eventually get a correction pre-Halving, then I kind of think we will head higher after Halving without the supposed pullback.

Topic: JP Morgan says BTC price could drop after 2024 halving - page 3. (Read 488 times)