Topic: What is going to happen with Bitcoin now? - page 6. (Read 1014 times)

Well we are going to see some big gains before the year is over. We are now seeing more mass adoption of crypto and with spot etfs it will be a big year for us.
There is alot of 'bullish' news now that does make me think this. Michael Saylor's Microstrategy does now have more Bitcoin then any country in the world. This number is 214,400 and it is worth $13.6 Billion.
https://www.nasdaq.com/articles/microstrategy-bitcoin-btc-holdings-hits-$13.6-billion-after-latest-purchase

The price of Bitcoin has declined somewhat compared to its recent rise, from $73,000 to $64,000 today. And you may not know that since Bitcoin has halved and the market after halving is somewhat volatile. After the bitcoin market halved the market decreased a bit, but relatively I think it is still very high and if you look at the history of the last half then you can definitely see that currently the position of bitcoin is very good. At the highs the bitcoin market is at right now if it continues like this during the bull season then the bitcoin market is definitely going to touch $150k and there is a possibility of a maximum ATH. However, since the Bitcoin market is currently at a high level, I think the Bitcoin market may go down a bit more, and then it is likely to rise. And we know that by the end of 2024 the price of Bitcoin will increase and from then we will see a bull market trend and the market will be very bullish. According to my view the future of bitcoin is going to be more bright, and it is very transparent as we know that bitcoin halved a few days ago and that definitely made it more attractive to investors. Since the Bitcoin halving, the demand for Bitcoin has increased a lot worldwide, and we can expect to reach a peak in 2025.

Nothing is always the same, things change and so does the crypto market. As you know every time after the halving, the market goes up rapidly but this time nothing like that happened instead of going up the market went down and now it is slowly going up again. I don't think anyone can say that Bitcoin will go up continuously, it is also possible to go down again from 64k, 65k to 58k,57k and then go up or even 74k,75k is possible.

Everyone else including me here can only give their opinion and only make predictions no one knows exactly what can happen in the future. It is said that one should hope for the best, so everyone is optimistic that Bitcoin will go up a lot and by the end of this year, BTC will touch 100k, but this is also a prediction and speculation. Maybe nothing more than that only time will tell whether the market will actually go up or down and what direction Bitcoin's movement will take.

I don't know if this is always the case but price of Bitcoin days after the halving event goes down for some reasons that I don't know.

Yes in the long run, price of Bitcoin increases, but I don't see it increasing 3 or 4 times from its past ATH. Maybe 2x is the most realistic price increase of Bitcoin. The correction that you saw is a completely normal scenario for Bitcoin, and there's nothing to worry about. I assume that you're panicking or at least getting afraid that you might see more losses in your current portfolio hence, you created this thread, right? It's good that the price of Bitcoin is starting to increase again after that huge decline.

Does that mean we will see a bull market now because we saw a price increase? I don't know it might, or it might not and we might see another price decrease again. My view on Bitcoin? Mid to long run, it will be bullish. I believe that we will enter the bull market a few weeks to months from now. As for you OP, don't be afraid if prices of crypto goes down and instead, take that opportunity to buy even more Bitcoin. Be patient as well because anytime, we might enter the bull market. Good Luck OP, and I hope you will maximize your profits when the bull run comes.

Huh, you see or check the market every day. Are you panicked or afraid? Isn't it true that experiencing a decline is every investor's dream, right? Keep accumulating, friends. If you are panicked, don't invest in bitcoin, just save your money in the bank. You have to study and look at the track record of previous halvings. From there you can gain knowledge and estimate several months of previous bitcoin halvings. If you are confident in this asset, don't look at the price as it continues to accumulate or add to your assets every month.

From what you said, I guess that you are new and do not intend to invest long term with bitcoin. You are just speculating with the mindset of hoping to make huge profits by buying bitcoin before the halving and will sell after the halving. Right? If so, you should prepare yourself for a bad scenario because it is very likely that we will not enter the bull season soon, we may have to wait another year, or even longer.

But if you are serious about investing in bitcoin and are willing to invest for the long term. You should take the time to learn everything about bitcoin instead of constantly asking when the bull market will come because no one knows when it will come.

If you think that after Bitcoin is halved the price will immediately rise to three or four times the current price, of course you also have to look at the price of Bitcoin before the halving occurs because this year Bitcoin reached a new ATH before the halving occurred. Meanwhile, in the previous halving period, Bitcoin reached ATH after being halved, which means that what happened this year in Bitcoin was completely different from the previous one.

So you just need not to worry about Bitcoin's condition for now because Bitcoin still has the potential to return to bullishness this year. Because the distance between the Bitcoin price decline from the highest price this year to the current Bitcoin price is not too far now, so you just need to be patient to see bullishness on Bitcoin.

It's important to remember that trading can be a lucrative venture. While it's possible for history to repeat itself, we shouldn't ignore that there is also the possibility of a worst-case scenario - a massive sell-off. Those who make money through trading often fall into the trap of thinking that they can time the market perfectly. As a result, they may sell when retail investors are buying and buy when retail investors are selling, just because they set the trend for the price.

It's impossible to predict short-term price fluctuations for Bitcoin, but we can always think about its future prospects. Bitcoin's consistent price growth over the long term can serve as a reference for those who are looking to hold onto it for a while rather than trade on short term basis and confused on what’s the market next movement.

As you can see and know right now, that's what is happening for Bitcoin, we know we have missed some of the speculation and predictions, where people endlessly speculated on Bitcoin before the halving happened, the entire crypto market is currently in the dark as to where it will go next.

For me, for now the only thing that can be done is short-term trading or wait and see developments for now, at least the end of this year, maybe we can make a decision when we enter 2025, whether we want to buy or sell, that's my opinion, what is clear is that everyone has a different understanding at this time, the best idea is ourselves in assessing Bitcoin's development.

Never mind that we, Bitcoin experts/investors, are currently confused by the crypto market, especially Bitcoin's future movements.

A lot of investors have come into the crypto space and buying up Bitcoin, in the hope that after the halving, that bull run will start immediately and they'll begin to collect ROI, but in reality this is not so, bull run actually takes some months after halving. Although price took a dip that was quite lower than expected, but I think that these pump and dump on the short term is normal before bull run actually kicks in. The dip that we experienced was an opportunity for investors to stock their bags, because I'm speculating that soon price will begin a steady climb to bull run.

if you look at history, the price of bitcoin usually corrects after the halving and usually increases a few months later. just be patient to wait for this because the bull market will happen, because no one knows for sure when it will happen, so what you need is just to be patient until it happens.

This is a pure lie, go and check your Bitcoin chart very well, it has never been true that Bitcoin moved significantly higher shortly after all halving periods. Some bullish movements even took more than 4 months before they happened in some cases, so why then relate false claims to Bitcoin? You may check through the monthly chart to confirm this, and I've always warned people that halving is not an automatic tradition that will make the price of Bitcoin rise. The market did exactly what I expected, especially when it re-hit its former ATH of around $69,000 before this year's halving, I never expected a huge buying for months anymore. But now that it hit $56+k after the halving, it might have retraced well enough to warrant a steady rise afterwards. Just be patient and careful.

This is not the first time we will see the market falling and risng, so it's better you do not relate a serious relevance to this but to give it more time to study the market situation. What happened that made Bitcoin rise is not far-fetched and they are the 1. FED stance on Wednesday which was Dovish and 2. the Friday news that was all against the USD. However, such effect subsides over time, so if Bitcoin falls back, don't be surprised. Still, I suspect two scenarios, it is either the market sustain its bullish trend or slips to a siwdeways market.

Don't look at it in the short-term, bitcoin will bounce back even higher, think of the negative things that are happening to the bitcoin market as a bowstring of a bow and bitcoin price is the arrow, the more intense the pull is going to be then the more higher that the arrow will shoot out and sometimes the bowstring pulling takes a long time to get release that some people don't want to see it anymore but that's the mistake because bitcoin always eventually pumps in prices no matter how much the negativity is going on for now. Bitcoin will continue to grow and there's not much those negative stuff can do about it, those will all be over in months and then bitcoin will recover, don't make the mistake of listening to fud spread by people who hate bitcoin, they're not going to get anything out of it and you'll lose everything when you listen to them.

While I don't completely agree with your statement but es we should b prepared for both bull and near season, the expectations have been of bull run post halving not immediately though but somewhere the end of this year or mid next year. I don't think we may see any bearish trend now but rather we will see some fluctuations and market correction and cannot correlate it to bear market.

My favorite underdog flicks always seem to follow the same formula - our protagonist gets beaten down, things look grim, but then they manage to turn it all around for a heroic comeback.  I'm getting those same heroic vibes from this market dip and 

sure, the charts might look a little scary right now.  But I see this as just a short pit stop on the way to much bigger things.  Remember how fast things were climbing before? That crazy vertical line upward? To me that was just the market powering up Dragon Ball Z style, gathering strength before its next transformation.

Now we're in the quiet before the storm.  After this quick break to catch our breath, I expect an earth-shaking bull run to kick into high gear.

I don't think, we will see the bullish season now, because the price is still decreasing in the market for investors to get ready to purchase from the bearish season once it arrives which is the plan of many investors right now, because they have saved huge amounts of capital for the bearish season to come. I think, you know that the price of Bitcoin reached $75,231 this season before the market price began to change for holders to watch very well before they will know the next step to take from the market. Based on what am experiencing from the market right now, I think bearish season is about to happen before the bullish season will take place next two months because the price of Bitcoin will definitely reach $100,000 before the end of this year.

I think there are still many people hoping that after halving bitcoin will be bullish but in reality the price has dropped, it's like new to bitcoin investment because what they see in the news after halving will be bullish, but for me it's not like that bitcoin journey after halving.

Are you going to think short term or long term? If long term never think about the price now you should still continue to buy in the current situation because for example if you target $100K it is still long enough, so it shouldn't matter when the price of bitcoin drops to $57K it could be our chance to buy again.

We dont get to find out immediately after a few days, BTC is volatile and moves around alot. Its popular with traders but pretty confusing to predict and observe.   In sum total we have been going sideways but its destabilizing in that pattern and threatening to break downwards.   This much could have been guessed by our failure to move higher, disappointment and failed aspirations and since alot of speculators are in BTC; weakness is quite normal.

If you want a traffic light signal to watch, look at the 50 day average.  Its quite rapid but not literally a Richter graph it will give you a fair direction for travel with BTC.  We do have some decline in the 50DMA but if BTC price action can trade above this moving average and also the MA becomes positive then you have your positive trend in hand and definitely BTC will be positive at this point.  

Indecision until autumn is my approximate guess at the moment.  I think more of next year then 2024 but it could all come together, stay watching nobody knows absolutely.

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

Hey mate the bull run just doesn't immediately happen that way after the halving as you're thinking or as you were told by whosoever told you. I guess the person was wrong because it doesn't takes much interval of either months probably a year after year before the bull run to a new ATH. Check the image above about bitcoin halving history for more clarity. I hope that helps.

Being and investing in bitcoin is not like you eat chili immediately feels spicy or eat salt immediately feels salty friend because in the end we have to wait some time maybe even a few years to get the benefits that we expect.

Bitcoin is now experiencing a correction that is still a natural thing because we can see the previous bullish increase at the price of $15k-$71k it is a rapid increase so of course there must be a correction and the decline is not as severe as a few years ago because currently bitcoin is still stuck at $60k so there is no need to worry too much about it.

Halving doesn't mean bitcoin will shoot quickly to a higher price because everything takes time so we just need to enjoy the process so we don't feel burdened by it.