Topic: The market smells of bitcoin halving. 54 day left! (Read 335 times)

Bitcoin dominance of the market is going to rise to record high as Bitcoin halving nears, more investors will be buying Bitcoin as they know Bitcoin is going to continue to rise in price. We have passed the previous highest price of the market and Bitcoin is still trading above the last ATH and it's surprising everyone including me. I didn't think the new ATH will happen before Bitcoin halvinu as from my research it hasn't happen before but there's always a first time for things to happen differently and I'm glad I'm a part of the market when this new record is happening. Something I'm noticing too is some altcoins are also rising in price and not just Bitcoin but Bitcoin will be the biggest gainer as more investors will be buying Bitcoin because of the safety it guarantees.

The increase was indeed visible from the beginning of the year and continued to move upwards, and the record was at $70,083 and is now experiencing another decline to prepare for an increase.



Because the halving period is still 38 days away and there will always be surprises before entering the halving, it is possible that more than $80K will be achieved and there is always a possibility that it will happen more than you expect, and it can still happen beyond predictions.

But is it true that after the halving there will be a decline? Of course, many are looking forward to buying it immediately.
I agree that at the moment we will focus on waiting for the surprise of a correction that might occur after a very sharp increase, but I think the increase will continue and could also occur before the halving period.
We all prepare for all possibilities and do not miss this opportunity.

We passed 70k today nice numbers. Maybe we go to 80k in a week or so.

Not necessary that people quit their investment to jump on Bitcoin when the bear market comes, but there is the right to diversify remember, Bitcoin also have its own risk and dumping all your investment in Bitcoin simply because of others who discovered and invested in Bitcoin in the past made gains from the bull market of this season.


Zanab247 just know that there is a lot to invest and allowing sentiment to set in will always result in you making inaccurate decisions that may not go well with your financial well-being, although at whatever price one buys Bitcoin,  having the right knowledge and information is necessary to be able to take the right decision when the volatility in the Bitcoin market happens, lastly, my advice is that it is better to diversify investment than to close in all in one because you saw an opportunity.

I guess many people are preparing for next coming bear because, they have saw what hodlers are achieving from this bull run that is still pumping since last month till this new month and the price of BTC will surely hit $80k before people will begin to see bear market they are waiting for.

With this current movement of BTC, it will attract more people to quit their investment and join BTC investment when bear season come because, just few months the price hit higher in the market for the price of BTC to break into new record which investors have never experience before in the market..

We saw the Bitcoin market rise to $64,000 before the Bitcoin Halving. And some to recover the rest of the market. Since we saw a peak price of Bitcoin at $69k but Bitcoin went up to $64k before the halving so we can recover to all time highs with a little market rally. But my long belief is that the bitcoin market will definitely recover before the bitcoin halving. Also, when the upcoming bull market begins a few months after the halving, we will definitely see Bitcoin hit an all-time high. But don't just analyze the market and proceed with the investment. If you can proceed with the investment, you can taste the bull market.

I'd expect the top to be less than that for 2 reasons. First is that this difference between peaks of cycles tends to decrease. In 2013 the peak was $1,300 and in 2017 it was $20,000 and then $69,000. So if we take into account not just the previous cycle but 2 last cycles then the peak might be at around $100k

Second is that the previous ATH was actually reached twice. And there was 6 months between those peaks, so it means there was a lot of resistance. It might be that the resistance is still here and massive profit taking from long-term holders will not let the price reach $150,000

Making speculations is all most can do and no one knows what to expect soon and bitcoin might never reach 100k now or might well exceed.

But I can't seem to understand why many person's are speculating a new ATH after the halving like it's such a certainty, bitcoin has really shocked a lot of person's that were speculating 60k after the halving but here it is now and the bear could even come in now we don't know. No one knows what started the bull and know one would know when it would end besides all other bull market looked like this, the halving shouldn't make this one any special

More tongue-in-cheek when I said that than anything else! I even feel the big six-digits is a stretch in this upcoming cycle, let alone this near-halving that more and more people are warming up to. Next year's always been the feeling for me, backed by little more than my faith in post-halving cycle.

Like SkepticalChemist says above, I understand why it's happening, but can't comprehend how people think what makes sense to them is the reason behind the market valuation when it's just that weight of speculation. As it is, already getting a number of "I told you sos" and I can't wait for a crash to quiet things down for a little while heh.

Everyone wants the new ATH to come very fast and it's not surprising that we might have it before Bitcoin halving starts when it was always after the halving that the new highest price for Bitcoin always comes. While we're all happy for what is happening to Bitcoin I think we should be careful for there could be a correction on the way. Long term investors don't have any fear but it's the short term Investors that bought Bitcoin because of the gains they expect as people fomo for the halving. If I was investing for short term I'll be taking profits now and wait on the correction because we can't continually be seeing Bitcoin rising when we're not in the full bull market as what's happening is just the market being bullish. We're not in the full bull market therefore we shouldn't expect a straight forward continuous price increase.

It's really going so high, we are getting closer to ATH already and that makes me feel super excited about the halving. But I still do warn people that the closer we get ,the higher chance of a crash as well and we should be careful, sure you should buy now but also have one hand on the trigger just in case anything happens, that should be the most important part and there could be something that can be done about it.

I personally believe that the best way to approach this would be making sure that you have a trailing stop loss just in case the price drops. Meanwhile, I do support people buying as much as they can, that would be the smart decision and should be getting to a point where it will make a lot of sense.

we haven't started yet, the market is only planning to get more volatile in preparation for the halving while it has for a long time been under the bear market, so if we have this sustained for a while its not bad at all, the bullrun will mark the beginning of a new era for a new all time high with bitcoin market price which is part of what we have been expecting, we only have to make adequate preparations for this before coming.

That is soon to happen , april is more than a month to come so what I wanted to hear from people is that are we all ready to taste the bringing of halving? while we are in bull now changes may come anytime before halving because We have noticed this for how many times now?
I have seen Halving for 2x and this will be my 3rd time and now I am sure that  I am ready for what will come because in the last 2 I did not managed to make so much because of my continues spending of money.

Alot of speculations ever since the Bitcoin ETF approval, and this have push for more positive outlook for Bitcoin and this time it happens to be around the halving have contributed significantly to what we are seeing presently at the moment,  Bitcoin is almost heading to 60k which is out of our expectation before the halving.


I think this time we are going to see an all time high price before the halving itself and when that happens,  the ATH benchmark will be sustained longer than what we used to see in previous all time high where that price never last for long before it dropped
We may likely not see any dip again before the bitcoin halving and investors already have the chances of buying Bitcoin at discounted price before now, but from here on we will sustain a 50k-60k bitcoin price till the halving cycle comes, although this is just my individual speculations


Bitcoin ETFs have changed the way the market will react during this period and even though we have expected price increase and possible ATH immediately after the US Bitcoin soot trade approval,  but here we are the market is beginning to have a positive different outlooks and this time it started gradually.
bitcoin have a way of beating our imaginations so you are nit alone in this.

This sudden rise why we still have two months ahead the halven is amazing, I wise I have acquire my desire target as follow up on OKX exchange this morning I saw higher rising than that if yesterday but see the signal if the April halving is already started gradually.
This time opportunity will very painful that person miss it because rush for no holding BTC.

The pre-halving effects have never had a significant impact on the price, and what is happening now has nothing to do with the halving, but with a fairly large amount of money flowing into Bitcoin through spot ETFs. The time when we can expect the halving effect is usually at least 6 months after it happens.


If we take into account what happened in the past, then the price correction will happen at some point, which is a completely normal phenomenon, considering that the price of something cannot go up constantly. Still, ETFs show no signs of slowing down, and the law of supply and demand pushes the price up.

We have already speculated that this year and the next year have all the prerequisites to be very positive when it comes to the price - the approval of spot BTC ETFs in the US and the halving create the conditions for a perfect storm that you may see once in a lifetime.


When it comes to Bitcoin, the word "impossible" should not be used, because no matter how impossible it seemed at some point, it turned out that we were often wrong. As for the time machine, I hope you wouldn't use it like Jim did

The market smells to me more like people speculating about the halving rather than the halving actually having anything to do with bitcoin's rise whatsoever.  I mean is there any reason why the price should skyrocket before or after each one?  That's one thing I've never understood.

I just checked the 7-day chart for bitcoin and just the last two days alone make me a little afraid of what's coming.  You guys remember the last couple of raging bull markets?  They were great while they lasted, but price increases similar to what OP showed in that chart never last for long.  I'm going to bet that whoever's speculating, i.e., buying bitcoin, in anticipation of any gains from the halving are going to sell once they've made a profit--and then we'll see a massive dip

But what the hell do I know?  I never thought bitcoin would make it to $1k, let alone where it is now.  If only I had a time machine.

Last bull peak was 3.45x the previous one. So to buck diminishing returns price will need to peak at or above $69k x 3.45 = $238k. Yeah that's not gonna happen haha.

The bull run was quite small last cycle though. And since it crashed in the middle of the bull run we had that double peak. Add in ETFs this time which is a HUGE bullish factor, and throw in a little extra boost from US Fed gonna start dropping interest rates probably this summer which will make investors start to get a bit more loose with their money. All those things I would say maybe the bull run this time could be as large as the small bull run last cycle...but $238k just seems way too high even if everything went right and nothing went wrong. I'd say 2x - 2.5x is probably where the peak will end up, which would be $138k - $172k. Maaaybe it goes a little bit higher than that like to $180k, but $238k I think is far outside what is remotely possible this market cycle. Maybe if like Apple, Microsoft, Google, and Amazon a year from now all announced they were picking up billions of dollars of bitcoin each the hype might push it to $200k, but that obviously is not going to happen.

So basically, diminishing returns is gonna continue, but that doesn't mean we won't still get a very nice bull run over $150k next year.

Its not bad on being optimistic but it would be always best that you should really be limiting out your expectations because this market isnt something that could really be known. We wont really be able to tell
if this current price rally would really be going through until the halving period or day or moment or this is really just that good for pre-bull run and we would really be having later on some anticipated dumps.?
No one really knows actually but in majority on what most people been considering basing up with those past or history of that last cycle then there's such movement but we shouldnt really be forgetting that
we do have that prehalving dump also as well. Somewhat it doesnt really mean that it would be happening into this cycle but we shouldnt really be removing those probabilities on which we know that this is
something could neither happen or not.

We are really that going near with the halving season and honestly this is always been the main anticipated thing into this market on which we know on whats the thing comes
next which is "BULL RUN".

Hmm. So a new ATH before the halving in just under 60 days? I'm getting used to seeing new milestones and trends broken within a halving cycle, but this to me feels a lot more significant than the "crash will never go below the previous ATH" trend I thought was pretty big.

Still feel like it doesn't suit Bitcoin to post an ATH before halving but maybe we'll buck the diminishing returns peak this one?

I would not agree that this pump has anything to do with Microstrategy, because why would 3000 BTC make any difference when the company already has 190 000 BTC? If we look back, we can see that most of the purchases made by MS did not have too much impact on the price.

On the other hand, BTC spot ETFs (US) have so far accumulated, if I'm not mistaken, more than 300 000 BTC, and regardless of the fact that they buy through the OTC, such an outflow of coins must have not a psychological, but a concrete impact on the price of BTC.


Although we were skeptical at the beginning because the price of BTC did not explode immediately after the approval of ETFs, now we see the real effect, and the question that is asked the most is how much BTC will end up in the wallets of all those companies. What there is no doubt about is that they had perfect timing regarding the approval, and now they just have to play by simple rules and there is no doubt that they will make huge money in the next 2 years.

well lets hope you are right.

one thing is true 57k is not that bullish for a miner.

72k right now would ease a miners fear of the ½ ing and the full on fomo induced bullrun would happen.

If we do it before the ½ ing it would be very cool indeed.

At present everyone is making various predictions about the movement of Bitcoin price up but no one can say exactly how much the price of Bitcoin will be. The way the price of Bitcoin has been increasing for the past two days, it seems that Bitcoin will cross $60,000 very soon.




Probably still 54 days and 17 hours away from Bitcoin halving as we can estimate that Bitcoin halving will happen at the end of April. Before Bitcoin halving is organized we can see small bullrun in the market, maybe the price of Bitcoin is going to touch 70 thousand dollars this time.

I think people holding bitcoins probably know how to keep their bitcoins safe. Many investors use non-custodial wallets to keep their bitcoins safe and secure. Perhaps these wallets are the best for keeping your invested bitcoins safe. Moreover, it is your responsibility to protect the seed phrase of the wallet you use.

What a carzy time to be alive, it's clear that this time is different and I wasn't expecting it at all, right now I believe that no one really knows what will happen in this market, this is why it's better not to take a side, either bullish or bearish its better to be prepared for both, and now that BTC is up in the 57k I think this bull market will happen faster than we want.

The halving isn't even here yet and I am here waiting for a massive decline in bitcoin value, so that I can start to DCA again, I think I've missed out already, now 60k is very possible, maybe this time is very different.

Many people are going to end up missing out on this rally, I feel this one will be short lived though but only time will tell, now I can't keep buying anymore, unless we have some retracement.

Its better we begin to plan ahead right from now about bitcoin halving because we are likely to experience the bullrun now during or after the halving, we can get to a new all time high and this can take no longer time than expected, now the question is whether we are seeing the last all time high of $69,000 before the halving or we are having it back after which the halving already have taken place, another thing to consider is the time for the bullrun, we shouldn't expect this to come in as immediate as after the halving, sometimes it may and other times it may not, we are not likely to also have the bullrun at once, its a gradual process that we keep having new highs until the massive high begins to mark the actual bull season.

I have also seen some investors hypothesize about this, some think that history will change because this year we have a bitcoin ETF but honestly, no one knows what will happen. Personally, I think that since the market is unpredictable, we should stick to our plans instead of predicting when bitcoin will reach its ATH. I mean, if you plan to sell when bitcoin hits $200k then you should stick to your plan. Don't focus too much on whether bitcoin will break the 2021 record before or after the halving because if it doesn't happen as we expected. That will disappoint us, while it is only a matter of time before bitcoin breaks the old ATH and creates a new ATH.

What a crazy time that we have now, there are a lot of things happening and I hope everyone can keep up someway somehow. I do see it rising to the occasion and making sure that there is a plan for everything that you do. It's impossible not to feel that type of FOMO and maybe make the wrong decisions in the future. I believe it will rise in price and reach the mark that we always want $100K. When everyone is buying, make sure to have a plan.

While every cycle, the multiplication of Bitcoin's price decreases like for the last time of 2021 bull run, it went $69k-$70k and that's around 2 to 3.5x for its growth since 2017 bull run.

So, starting with $69k, if it goes 2x or 2.5x then it's possible that we may see $150k and that's not a high speculation if we'd base that with its growth.

Although price wise, it's expensive when it goes there but can we do anything with that? I don't think so, Bitcoin's bound to hit new ATHs and new ATLs.

What started this pump was the MSTR buy of 3000 BTC. Which they bought at like $51.5K. It started a rally and we ended up at $55K as the top for the NY session.

Then when the etf flows came out, we broke almost to $57.5K. Because Fidelity is around $250M and Ark is $130M and GBTC is $20M negative. So most likely IBIT will be closer to $400M and we should have a record day for inflows. Crazy times.

The current uptrend in the Bitcoin market appears to be a bull run, but it is not. Basically, most of us know that our bitcoin halving season will start in April and then the price of bitcoin will be more excited. Since the Bitcoin market is currently growing rapidly and its price is changing moment by moment, I can say for sure that the price of Bitcoin will exceed $70,000 before the halving. We know that when of bull's season started in 2021, the price of Bitcoin touched a maximum of $69,000, which was an all-time high for Bitcoin. However, when Bitcoin halves this season, there is definitely a possibility that the price of Bitcoin will exceed $150k. And since the price of Bitcoin has changed a lot in 2024 and moved above $57,000 before the halving, it is expected that Bitcoin will break the 2021 record before the halving. Today the price of Bitcoin has skyrocketed, and soon it is going to touch $60k, so you hold and hold your Bitcoins safely.