Quote from: ScamViruS on Today at 06:54:12 PM

Quote from: bounceback on October 06, 2023, 08:13:43 AM

Quote from: Tellek Garing on September 25, 2023, 07:35:23 PM

Halving events have frequently been associated with increase in price of bitcoin with significant upward momentum both before and after halving. Bitcoin halving often generate increased market attention and hype. Expectation of lower supply and likely price increase may fuel positive feelings amongst investors and traders.

The halving event is one of the factors that can push the price of bitcoin to a higher level and will usually be able to create a new ATH because when the halving event is almost close, investors will simultaneously come to the market to accumulate bitcoin so that they don't lose momentum, but we all Here we cannot predict with certainty whether the price of bitcoin will immediately increase significantly after this event or whether we will need several more months after the halving to see a significant increase in bitcoin movements.

It is really difficult to predict the Bitcoin market, what will happen after the upcoming halving, whether the price will rise to a new ATH or not. Although Bitcoin history has seen major price swings after halving and Bitcoin making new ATHs, it is difficult to predict whether the same thing will happen this year. So I think the Bitcoin market may not react in the same way this year.

Already, many big investors have come to the crypto market who are accumulating bitcoins according to the advantages of the market. So they know how the crypto market works.

Bitcoin that have been moving around $26k have now come closer to $28k. We don't know what will happen with the market as the scenario around the world isn't good. Everyone expecting for the good rise in price by the days to halving or after the days of halving. Till date the halving had fulfilled the expectations of the bitcoin hodlers. This time we don't know what gonna happen. For now predictions were completely bullish, yet the ath value is under discussion.

As of now the ETF approval is being a big news associated with bitcoin. Over the days close to halving good news on the ETF approval will push the price grow higher than the predictions.