This bitcoin bull market isn't over yet ! - page 4.

GreatArkansas

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Quote from: ItsaWhale on March 31, 2024, 04:17:01 PM

According to Rainbow Graph the All Time High its expected to happen after the 4th halving soon
Which this leads to understand that this Bull market is not over yet and that you still can prepare and HOLD for New All Time High
While short-term price fluctuations are inevitable in any market, the long-term outlook for Bitcoin remains positive.

https://i.ibb.co/HNcRCjD/Screenshot-2024-03-31-124148.png

I love this chart, simple and clean.

If you take a look at this chart carefully and zoom in, we can see some dumps after each Bitcoin block halving and after that dump, it will continue to rally upward.

So for me, just incase this will happen again this time, it's the best time for other people who was able to left behind on new all-time high price of Bitcoin recently.

Mpamaegbu

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Quote from: Adbitco on March 31, 2024, 04:55:26 PM

I still want to draw back your attention that anything is possible, it could be that this current ATH might be that last we may see on bitcoin. But is this really true?

Yes, anything is possible when it comes to this industry but there are certain things we know can't happen. One is Bitcoin going back to $1k. The only thing that could make that happen is if there's a vulnerability that could be exploited in Bitcoin to mint more of it. On the possibility of its current ATH remaining the highest we could see even after halving, that's not possible. The thing that drove price to break its last ATH wasn't even what had driven Bitcoin in the past to break the previous ones. It was the ETF that brought that action from institutional investors. It did break its previous height before halving. It was the first. Now, there's going to be another leg up for price to spike once halving is done. That's what we're waiting for. Remember, fresh ATH had always come months after halving had taken place. Let's see what this brings as it's obvious the dynamics have changed with Bitcoin.

nelson4lov

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Contrary to popular beliefs, I do think that the Bitcoin bull run hasn't been priced in yet. The price action that drove Bitcoin from sub $20K levels was mainly driven by speculations of ETFs and in time, other traders joined in to bid. Halving is always a phenomena event and it has always been accompanied by parabolic run which we haven't seen yet. There's fewer bitcoins on the market and halving will cut the number being added to supply so I think we're on our way but we're not quite there yet.

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Quote from: Adbitco on March 31, 2024, 04:55:26 PM

I still want to draw back your attention that anything is possible, it could be that this current ATH might be that last we may see on bitcoin. But is this really true?
This is where the problem lies because we can't give accurately the answer about the future price but we are still hoping that something positive is going to happen within or after halving. We know that bitcoin has shown us another sides of unbelievable story for breaking out ATH before the halving could fully come. Thus, there could be more pleasant surprise which is not seen.

Only people that predict the price of bitcoin in short period of time that do not get the price prediction rightly but for those that predict what the price can be in the long period of time get it accurately if the prediction is bull run. Also know that bitcoin has not gotten to its all-time-high yet this time. Bitcoin is going to over $100000 or more and better predictions that I see are $150000. It is still a good time to still continue holding in my opinion until the bull run is over. The bull run only started early but not yet over.

Adbitco

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I still want to draw back your attention that anything is possible, it could be that this current ATH might be that last we may see on bitcoin. But is this really true?
This is where the problem lies because we can't give accurately the answer about the future price but we are still hoping that something positive is going to happen within or after halving. We know that bitcoin has shown us another sides of unbelievable story for breaking out ATH before the halving could fully come. Thus, there could be more pleasant surprise which is not seen.

boyptc

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Quote from: ItsaWhale on March 31, 2024, 04:17:01 PM

As we can see on previous halving the ATH happen months before the halving so according to previous history of bitcoin which were parabolic bull runs
So its time to HOLD

Before? Usually, the ATH happens after the halving and that's why despite that there's a new ATH before the halving for this cycle, I don't think we're on the peak yet.

Quote from: ItsaWhale on March 31, 2024, 04:17:01 PM

Therefore I would like to get some feedback on this do you agree that Bull Market isn't over yet ?

We're just getting started and why people are thinking that it's almost over already? Don't get excited folks, it hasn't peaked yet.

ItsaWhale

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In recent months the cryptocurrency market has experienced significant volatility with Bitcoin reaching new all-time highs followed by sharp corrections.
As we all know every 4 years or (210,000 blocks ) it happen Bitcoin halving as for now days there are only 23 Days Left for next halving

Quote

Halving Date ETA: 24 April 2024

According to Rainbow Graph the All Time High its expected to happen after the 4th halving soon
Which this leads to understand that this Bull market is not over yet and that you still can prepare and HOLD for New All Time High
While short-term price fluctuations are inevitable in any market, the long-term outlook for Bitcoin remains positive.

As we can see on previous halving the ATH happen months before the halving so according to previous history of bitcoin which were parabolic bull runs
So its time to HOLD

While there are roughly 1,330,463 BTC left to be mined is expected to continue until the year 2140.
After that point no new Bitcoins will be created through mining and miners will rely solely on transaction fees for their rewards.

Soruces: https://www.blockchaincenter.net/bitcoin-supply/

Therefore I would like to get some feedback on this do you agree that Bull Market isn't over yet ?

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