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 $40k range after the halving craze is over. So we'll be seeing the inverse effect of what used to happened before spot ETFs became a thing in the crypto industry. You can read all about it here:
https://www.theblock.co/post/279833/jpmorgan-bitcoin-price-april-halvingWhat do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.
In bitcoin long history you woudl always find that person or persons that always try to speculate shot about bitcoin telling us what would happen and what woudl not, besides it's just speculation even a 12 year 9ld can come online write an article about how he feels that bitcoin woudl drop to 1$ 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
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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.
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.