Topic: What is going to happen with Bitcoin now? - page 7. (Read 1014 times)
It's very common for the price to drop a bit after the halvening because it's a sell the news event and the halvening was already priced it. Even more reason for this to happen this time, because the price went unprecedently high and established the ATH before the halvening ,which typically only happens after the halveing. So this correction is not a reason to panic, it's still very likely that the bull run will resume, and the recent recovery brings even more reasons that the bull run will return soon.
I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
You should check the Bitcoin Halving Timeline you could notice that the market is gonna drop on Bitcoin Halving and slowly gain momentum after around 365 days where it would actually skyrocket if you are going to base it on the past halving, so if we are going to follow that pattern we could assume that the market price is probably gonna continue to drop down, and then after a few months slowly going to gain its momentum to skyrocket and that is probably where the Bullrun is going to take place.
I don't really think it is already a Bullrun, Based on the pattern we could see that the price is slowing down, from x1000 in the first halving the ideal price is around 150k$ in my opinion surely it was impossible already to even have 100x on Bitcoin, the possible profit was also decreasing as we see more halving so the possible profit was just around x2 since its going to need a huge amount of money put into Bitcoin just to see that x2 happened.
Something new could easily happened we just doesn't know but my bet is still on the pattern, so the Bullrun is probably going to be around 2025, if that doesn't happened I would still plan to sell my Bitcoin whatever that market price is, or probably just sell a huge percentage of it to take profit.
I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot.
What do you mean? The price of bitcoin is exactly what it was two months ago, and if we take into account the price that was at the end of last year, the price of bitcoin has risen significantly, not the other way around. Just because we had a short-term pre-halving spike and a new ATH, it doesn't mean that the price of Bitcoin has decreased a lot!
Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
You can't really expect someone to know this. We can only speculate.
I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot.
I think that has been a thing of a story now because the market price currently is now fast rising back to where it left from the initial place, we will soon get to launched into $70,000 anytime soon.
As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving
Have we then forgotten that bitcoin is a volatile cryptocurrency, it can rise and fall at any time and there is no fix rate on that.
After that it will decrease a bit and then it will increase rapidly.
Its better we have the required patient for this to come to pass.
You got it all wrong, we never see Bitcoin bull run immediately post halving and even in the past we have seen these dips immediately followed by halving. If you compare today's Bitcoin price with th yesterday's you will see that it's in upward trend once again and we will see more surge and dips until bull run which is expected to take place either during last quarter this year's or mid next year.
Bitcoin has gotten bullish since yesterday once again. There are news and predictions pointing in all directions right now, and what I see in the market is a lot of doubts from investors regards the next steps Bitcoin is going to take. Crypto market is full of manipulation by whales, so you can expect anything on short run, although on long term it's pretty likely Bitcoin is going to hit 100,000 or 150,000$ by the end of this current bull run (what can still take a year or so to happen).
I share the same view of those who made the predictions above. But for now we can only hope Bitcoin is going back to the right track once again, and that further corrections in price which could potentially lead Bitcoin to 50,000$ and below aren't going to happen anymore. It's early to assure anything, though, because resistance line is still at 64,000$, and Bitcoin didn't manage to break it today yet. In every cases, I like to see Bitcoin back to the 63,000$'s price range, as it gives me confidence to believe we are going upside in the following days, as the trend goes by.
I share the same view of those who made the predictions above. But for now we can only hope Bitcoin is going back to the right track once again, and that further corrections in price which could potentially lead Bitcoin to 50,000$ and below aren't going to happen anymore. It's early to assure anything, though, because resistance line is still at 64,000$, and Bitcoin didn't manage to break it today yet. In every cases, I like to see Bitcoin back to the 63,000$'s price range, as it gives me confidence to believe we are going upside in the following days, as the trend goes by.
I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?
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