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.
Your analysis about bitcoin price in the past is incorrect, I would want you to go back make research about the last bull market in bitcoin, you need to know you can't predict the future of the market because it might not actually be the way you think it will be . If you are trying to predict the market it can lead to get distracted and not to concentrate with your investment. If you want invest in bitcoin hodl and take your mind from predicting when to gain profit, doing this it will help you in making a successful investment at the end of everything.
The market is widely vague and unpredictable so there’s no chance that any prediction will certainly come into reality. And if there’s any, it’s only rare to happen especially that the market has a lot of factors to consider why all these things are happening.
When you say that 2024 is the fate for bitcoin, maybe it could be true because of the upcoming bitcoin halving but we can’t still give assurance if bitcoin halving this time will still create the same effect from the past bitcoin halvings. Know that the market is never fixed and certain, so whatever event may happen, the results may also come out differently.
You seem to misunderstand the fundamentals! Predicting the market isnt about certainty; its about probabilistic outcomes. The upcoming bitcoin halving? Sure, its an important event, but pinning all hopes on it is sheer foolishness. The past doesnt predict the future, especially in a dynamic and ever-evolving market. If you're so convinced about the market's unpredictability, maybe its better to stay away rather than opining without a basis. Every halving, every event, every shift has its unique circumstances.