Post
Topic
Board Speculation
Re: Bitcoin Halving Price Prediction $55,000 - $130,000
by
pooya87
on 15/11/2019, 09:32:28 UTC
Nah, the halving was priced in in that run-up near $14k earlier this year. Once the halving comes and goes and the price is still below $10k, then the real disappointment will set in and we'll see massive sell-offs as people abandon bitcoin en masse. The run for the door is going to be as spectacular to watch as its rise has been. It'll wobble up and down as it continues the greater down trend it's been in, and is clear as day, for the last near 2 years. It might be able sustain an unstable price around $1k. $20k was utter insanity. $10k is pretty absurd.

you sound like kuwakduck (RIP) here Tongue

the run-up to $14k in my view was the result of the reverse-bubble burst which caused a big surge of money coming back in and shoot the price up. the $10k price is just the bare minimum after the recovery which should be acting as the launching price level for the next bull run.
halving will only be the catalyst that could possibly shorten the accumulation time needed before the next rising phase begins.