It has been almost 4 months since this post. I still think the same way because there is no development that would require the Bitcoin price to rise, except for halving. Of course we all want the price to go up, but we have to be realistic. I think that the target of 60 thousand for the end of the year is very high and difficult to reach.
There may be a bull run before or after the halving, we need to be prepared for it, but there is no guarantee that it will happen by the end of the year, so we should not rush.
Bitcoin is progressing step by step and will reach its goal with solid steps. The bull run will come and what we have to do is increase the number of Bitcoins we have. That's all we need to focus on right now.
The only hope right is halving but we have to keep in mind that it takes time after having before we start seeing a bull runs. Right now it's good time to buy bitcoin for upcoming bull run. What we learn from historical price chart is that there is always a massive bull run after every halving. If you have faith in bitcoin then better start accumulating bitcoin now.
There's no other thing that we do have in mind on what would be the most common catalyst for going up in terms of its price or value but rather majority of us is really that waiting for the halving even on next year. Somehow if there would be some good news or positive ones which could trigger out some good impressions towards the market then we might be having the chance but of course its not something guaranteed. We know that $60k isnt really that too far off on which it would really be just that common or really that normal that people would be skeptical because of the random movements that we do have.
If Bitcoin market really rallies, $60k can be done in less than a week but at this moment it looks like there is not enough catalyst to hype the market and create FOMO among the traders and bystanders. I do not know what factor this coming ETF decision will bring, is it a hype or a FUD?
Its been a while that we are moving sideways, its been a while which we had been always that rejected on 30k price point on which it is really that hard to tell on when the price would be breaking out that resistance. For this year then it is really hard to predict but while we are approaching towards Halving then we might be seeing some significant movement.It is really just that we cant really be able to make sure whether we would really be having some initial pumps or would really be able to see some one huge major correction before we would take off. It is really that to tell honestly
and this had been the main question of everybody in the first place.
Yeah, it's been a long sideway movement for the Bitcoin market. It feels like someone doesn't want the market to explode because every time there is a sudden uptrend, it is always got sold making the price goes back to where it was before. I believe once these people finish accumulating, we might possibly find the market moving at a surging pace but of course, we will never know when it will happen.
And now here we are on which the price did make out some significant movement into its price which is really that going down due to that massive sell-off by Elon/SpaceX which it did really driven
down the price going back to 25k but we are seeing some slight increase on price but there's still tendency that we might be seeing 23k if negative things would be adding up on the pile.
Yes, it does really need out that kind of catalyst for us to reach out that 60k for this year which it seems that it cant really be happening but who knows? We are still 4 months away before this year
ends which we know that it would really be that still a sufficient time for us to make out such progress. We know on how this market behaves and what are the possibilities about those sudden
u-turns when it comes to price or value.
The key on here is that you should really know on when to get in and when to get out but if you are holding for long term then these type of condition or situation wont really be a bothersome
since you could really just simply sit still and have the chance on accumulate cheap then you could eventually do it as long you do have the funds been allocate for such situation.
