Topic: Price of BTC after halving (Read 470 times)
Price movement is still in the same region for a while so don't expect anyone to say the exact direction of price movement. better expect the correction now then only at the end of this year we may expect a surge in the price.
The bulls, that's only my opinion and I could be wrong because in the last two years, the bear was controlling the market most of the time.
However, due to the halving I think this is a big event that should help bitcoin it's price, it's not only the hype but the future effect of bitcoin's value.
I am also thinking that bitcoin is already due for an increase and if it will happen, it would be nice to see it this year as we have a big reason to substantiate that increase. But, if it will only result to a unstable price, then we should try to consider enjoy the price volatility by making short term trades.
Since the halving reduces the supply over the long term this should have a net positive effect on the price of bitcoin, so if you are interested on holding your coins for years or even decades then you are right, however we know that the short term movements of bitcoin do not have a lot to do with the fundamentals and it has more to do with the market sentiment and the current events, and as we know the economies of the world are not in the best shape and most likely an economic crisis is coming and this could affect the performance of bitcoin in a negative way. However, due to the halving I think this is a big event that should help bitcoin it's price, it's not only the hype but the future effect of bitcoin's value.
I am also thinking that bitcoin is already due for an increase and if it will happen, it would be nice to see it this year as we have a big reason to substantiate that increase. But, if it will only result to a unstable price, then we should try to consider enjoy the price volatility by making short term trades.
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We expect to see a bitcoin price increase to the very highest price later. If that cannot happen in this month, we still have more time to see it in the next months or even in the next year. Traders will control the market by buying and sell bitcoin, and that makes the price will always up and down many times. But I guess, we are still far away from the bull run because bitcoin still at below than $10k so we need more time to see the bull run coming.
It would be a bumpy ride for sure and i do hope that it wont really show us some fake pumps or hype because we know that later on we would definitely experience some serious price crash just like what happened in 2018.
People do expect for those breaking ATH prices but we shouldnt really be in a hurry because adoption doesnt really work that way.
It would still takes time and it would be much preferable if we do see price do clings up on a gradual phase.
Patience would really be needed when we do deal into this kind of market.
We need to enjoy the ride, no matter if it will bumpy, shake, or flat
Because the market will be like that, and if we can use the moment for our benefits, I think we can make a profit. Thus, we need to be careful in analyzing the market, so hopefully, we can get the right time to enter the market. Yes, we already experience a serious price crash, and maybe this year, we will see that again, so be careful.
The adoption will follow behind the price, and if the adoption can happen with stable, I think the price will be stable too, or the price can increase step by step. I agree that we need to have the patience to analyze the market so we can get the clue to buy and sell.
The bulls, that's only my opinion and I could be wrong because in the last two years, the bear was controlling the market most of the time.
However, due to the halving I think this is a big event that should help bitcoin it's price, it's not only the hype but the future effect of bitcoin's value.
I am also thinking that bitcoin is already due for an increase and if it will happen, it would be nice to see it this year as we have a big reason to substantiate that increase. But, if it will only result to a unstable price, then we should try to consider enjoy the price volatility by making short term trades.
However, due to the halving I think this is a big event that should help bitcoin it's price, it's not only the hype but the future effect of bitcoin's value.
I am also thinking that bitcoin is already due for an increase and if it will happen, it would be nice to see it this year as we have a big reason to substantiate that increase. But, if it will only result to a unstable price, then we should try to consider enjoy the price volatility by making short term trades.
Price of BTC now is a question of a pullback to averages or not. It seems to have halted the majority of its rise since March and now needs to revise that action. I'm not certain of that and i think we need to watch for action indicating that but I think its quite probable we enter the familar stage with some profit taking etc.
Thats my rough outlook and at 9200 we meet the 2 day average. Thought its not a hard line its just some indicator of strength to any retake on this sell we had, above that is a bigger for weekly type momentum. I reckon going back to 8000 is fair enough though it doesnt have to happen now.
Thats my rough outlook and at 9200 we meet the 2 day average. Thought its not a hard line its just some indicator of strength to any retake on this sell we had, above that is a bigger for weekly type momentum. I reckon going back to 8000 is fair enough though it doesnt have to happen now.
Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
We expect to see a bitcoin price increase to the very highest price later. If that cannot happen in this month, we still have more time to see it in the next months or even in the next year. Traders will control the market by buying and sell bitcoin, and that makes the price will always up and down many times. But I guess, we are still far away from the bull run because bitcoin still at below than $10k so we need more time to see the bull run coming.
later on we would definitely experience some serious price crash just like what happened in 2018.
People do expect for those breaking ATH prices but we shouldnt really be in a hurry because adoption doesnt really work that way.
It would still takes time and it would be much preferable if we do see price do clings up on a gradual phase.
Patience would really be needed when we do deal into this kind of market.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
We expect to see a bitcoin price increase to the very highest price later. If that cannot happen in this month, we still have more time to see it in the next months or even in the next year. Traders will control the market by buying and sell bitcoin, and that makes the price will always up and down many times. But I guess, we are still far away from the bull run because bitcoin still at below than $10k so we need more time to see the bull run coming.
In my opinion bitcoin market is doing the best as the price doesn't go down unlike the previous halving, because if it does, it's likely going to affect the market and cause miners to drop out and the market will shed extra money. So, I'm really expecting that the market keeps going up here after for next 15 to 18 months.
Although that's not going to happen immediately, it's going to take some time to move up step by step. The price moved up to $10,000 and people thought it would go from there, but instead it dropped back again to $ 9000 price range. Maybe by next week we will see it move up again and break the $10,000 level resistance. Not sure why the psychological barrier around the $10k level is remaining so stronger even after the halving. It shows traders are still expecting bitcoin to test some low but I am sure all those bears will be proved wrong in coming weeks.
Technically speaking it doesn't really make a lot of sense for psychological barriers to exist, after all no number should be more important than another but we know the truth and 10,000 dollars is a critical level for bitcoin, during the previous year we could argue that almost all the price action that we saw happened around that level, as such it is very likely this is going to keep going to be the case until that barrier is completely broken and bitcoin never goes back to those levels again. Although that's not going to happen immediately, it's going to take some time to move up step by step. The price moved up to $10,000 and people thought it would go from there, but instead it dropped back again to $ 9000 price range. Maybe by next week we will see it move up again and break the $10,000 level resistance. Not sure why the psychological barrier around the $10k level is remaining so stronger even after the halving. It shows traders are still expecting bitcoin to test some low but I am sure all those bears will be proved wrong in coming weeks.
In my opinion bitcoin market is doing the best as the price doesn't go down unlike the previous halving, because if it does, it's likely going to affect the market and cause miners to drop out and the market will shed extra money. So, I'm really expecting that the market keeps going up here after for next 15 to 18 months.
Although that's not going to happen immediately, it's going to take some time to move up step by step. The price moved up to $10,000 and people thought it would go from there, but instead it dropped back again to $ 9000 price range. Maybe by next week we will see it move up again and break the $10,000 level resistance. Not sure why the psychological barrier around the $10k level is remaining so stronger even after the halving. It shows traders are still expecting bitcoin to test some low but I am sure all those bears will be proved wrong in coming weeks.
Although that's not going to happen immediately, it's going to take some time to move up step by step. The price moved up to $10,000 and people thought it would go from there, but instead it dropped back again to $ 9000 price range. Maybe by next week we will see it move up again and break the $10,000 level resistance. Not sure why the psychological barrier around the $10k level is remaining so stronger even after the halving. It shows traders are still expecting bitcoin to test some low but I am sure all those bears will be proved wrong in coming weeks.
Still there is no projection on the price rage after the halving, so everyone is in confused state about near future price predictions so still we have to time to make the right analysis and use the market condition for making profits.
Personally I am not expecting the sudden spike in the price of Bitcoin after halving, many crypto hodlers had projected a massive pump in the price however there hope is already dashed I expect the price to gradually climb upward with time while patience hodlers will laugh last while taking profits at a given market condition as you rightly said.
from my observations so far it seems that after Halving the price of Bitcoin isn't too bad,
even though it had dropped at $ 8500 now Bitcoin is above $ 9,000, a good start for Bitcoin for a new adventure
We had an early halving pump happens first day of 2020 so maybe this is also the reasoneven though it had dropped at $ 8500 now Bitcoin is above $ 9,000, a good start for Bitcoin for a new adventure
as investors being frustrated seeing the big dump happened last
march.but i know this is just a normal effect because there is a economic problem now and
crypto market is not safe from the Corona virus infections so we
should be expecting no good growth that will come this second and
third quarter of this year.
Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
We have a different scenario now, compared to the last two halving, the world's economy is on halt because of the pandemic, people are on a wait and see attitude but they still trust Cryptocurrency to move forward, we'll have dip followed by correction before we headed to another all time high, but that will be months later.
from my observations so far it seems that after Halving the price of Bitcoin isn't too bad,
even though it had dropped at $ 8500 now Bitcoin is above $ 9,000, a good start for Bitcoin for a new adventure
even though it had dropped at $ 8500 now Bitcoin is above $ 9,000, a good start for Bitcoin for a new adventure
Still there is no projection on the price rage after the halving, so everyone is in confused state about near future price predictions so still we have to time to make the right analysis and use the market condition for making profits.
Personally I am not expecting the sudden spike in the price of Bitcoin after halving, many crypto hodlers had projected a massive pump in the price however there hope is already dashed I expect the price to gradually climb upward with time while patience hodlers will laugh last while taking profits at a given market condition as you rightly said. Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
I see halving event will not give any impact for bitcoin price movement. The price will remain stagnant and there is no bull or bear market. Unless we get an information which give a lot of impact for the development of bitcoin. I don't know it could be mass adoption from most countries on this world or an information that come from its miners. We already known that to build a mining rig to mine bitcoin is already expansive now, also they must spend a lot of money to pay like electricity and etc which I think ut will be difficult for the miner to stay. They need an income or profit in order to keep their system always on.
Still there is no projection on the price rage after the halving, so everyone is in confused state about near future price predictions so still we have to time to make the right analysis and use the market condition for making profits.
So far this week I think bear but it is too soon to say as if we have any conclusion. Wait till at least this month is over at the earliest, my rough guess was for this year to be neutral in sum total.
The top prices for today are lower then the previous high in this area. If we close off the week in such a way then it can demonstrate weakness on more then a short term basis, hence we could have more bearish action play out. The harder point to discern is to what extent is that negative trend.
Just after this graph was taken, we crossed the blue line which is the 2 day average and if we stay below that it would mean we trade negatively for this weekend and hence close this week in a lower state. It still doesnt have to matter if we can get to 11k later in the month and so prove BTC has an ascending trend to it still.
We wont really know direction until we break back lower, say closing below 8000 might show this as its the 200 day average. Watch 9200 as a bottom price to hold, a marker for the may tide.
The top prices for today are lower then the previous high in this area. If we close off the week in such a way then it can demonstrate weakness on more then a short term basis, hence we could have more bearish action play out. The harder point to discern is to what extent is that negative trend.
Just after this graph was taken, we crossed the blue line which is the 2 day average and if we stay below that it would mean we trade negatively for this weekend and hence close this week in a lower state. It still doesnt have to matter if we can get to 11k later in the month and so prove BTC has an ascending trend to it still.
We wont really know direction until we break back lower, say closing below 8000 might show this as its the 200 day average. Watch 9200 as a bottom price to hold, a marker for the may tide.
Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed. Although I'm not sure about what will be happened. Maybe 2x after Epidemic period is done 
There were sell-offs but it doesnt particular target out that cashing out thing because of Covid.We cant say that the pandemic didnt affect crypto market but i dont see the correlation between the two.
We've seen traditional markets are declining but crypto is still standing.Price movements are typical here on this space which can either be influence by whales or majority that panic sells. We can point
finger but not able to precisely tell on what actually happen.Talking with the price,well it did manage to break 9k price again after that 10k price pullback to 8k..We cant say its a pump but at least
we are seeing gradual increase.
Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?
Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed. Although I'm not sure about what will be happened. Maybe 2x after Epidemic period is done I'm not agree with you. This could not be the reason behind dump! All stock markets are bleeding due to corona. We are directly or indirectly associated with stock market. This could be the reason.
Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed.
Nonsense. Do you really think people are selling bitcoins 20, 50, or 100 at a time to meet their daily expenses?
It's whales and institutional players who move the market.
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