Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
If you were around in 2017/2018 and witnessed the bitcoin price pump back then, then right now, I am really wondering how you missed the 2020/2021 pump, which to me, is the highest pump in the history of bitcoin till date, so this to say that your analysis is wrong, just like act said.
For all the pumps I've witnessed since I got into bitcoin, breakout in price has always happened during bitcoin halving which occurs in every 4 years cycle, so yeah, the next bitcoin halving is going to happen in 2024 i think, and many are already speculating that this time around, bitcoin is going to hit $100,000 and above, this was the price many investors expected bitcoin to reach in the last bull run, but unfortunately, it couldn't make it to that amount, but rather, it started retracing after it reached $69,000 or very little above that.
So right now, all fingers are crossed, waiting to see what will happen in the coming halving.