JP Morgan says BTC price could drop after 2024 halving - page 4.

Doan9269

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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.

It is very possible that we should experience a dump in the market immediately after halving this year, because such period will also b e characterized by high volatility, we are also likely not to see this happening, but if we may go by the way the bitcoin market pattern goes immediately after the approval of bitcoin spot ETFD, the market goes dip and later now we are here at it again on bullrun.

So in such period we can realized a dump in the market price but that is not going to be a long term experience and even if it does, we have the other alternative and convincing assurance that bitcoin will surge back and we are going to form more new all time highs till the last one is marked for the halving, this may extend between that time to 2025.

Kelward

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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.

I think that what is certain is that we're going to experience a massive bull run, because the Bitcoin ETF has created more awareness for it, the adoption has increased significantly, so more investors are flooding in to invest and have an experience of the bull season's ROI. I feel that after halving we can experience some price fluctuations, pretty much what is happening now, but it won't dip to $45k, as estimated by JP Morgan, it won't affect price to reach the estimated $150k or above in the peak of bull run. So far I'm focusing on the peak of bull run, I'll keep hodling.

Natsuu

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Quote from: btc78 on March 12, 2024, 08:58:11 AM

If history repeats and often it does, the price goes up right after halving but will be then soon followed by a bear run. I think we can blame this on investors taking their profits after a whopping bull run Grin

Calling this all ‘hype’ is an understatement. Yes, it will go down but take this as an opportunity to keep buying bitcoin as I am sure it will also keep increasing even after a bear run

I get it. The hype is real but you're right it's an understatement. Seeing the downturn as a buying opportunity aligns with a strategic approach since Bitcoin's resilience often means it bounces back even after a bear run. It's like a cycle and ride the highs, weather the lows and use the dips to accumulate more. It's not just hype because it's a chance to play the long game in a volatile market

franky1

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when JPmorgan wants people to sell he will be the one buying
when JPmorgan wants people to buy he will be the one selling

he WANTS people to sell now to get the price down again before 2025 so he can buy cheap coin before the 2025 (pattern) next ATH trigger year

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

SamReomo

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JP Morgan isn't sure what he's saying, this time Bitcoin will again move upwards after the halving event. In fact this time the market is moving much faster even before the halving event. JP Morgan will see that his sayings will all be wrong when Bitcoin reaches or crosses $80k value during the halving event. Everyone who wants Bitcoin will be lucky if Bitcoin drops back to $40k, they will accumulate a lot of it.

btc78

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If history repeats and often it does, the price goes up right after halving but will be then soon followed by a bear run. I think we can blame this on investors taking their profits after a whopping bull run Grin

Calling this all ‘hype’ is an understatement. Yes, it will go down but take this as an opportunity to keep buying bitcoin as I am sure it will also keep increasing even after a bear run

Oshosondy

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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.

Abiky

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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.

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