Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has never pass ATH before halving but it has always dip don't panic.
by
Gallar
on 27/01/2024, 09:22:17 UTC
~Snip
I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
That's right, friend, there's no need to worry or hesitate when the price of bitcoin experiences a decline at this time. This is because the price decline that occurs in Bitcoin before the halving is a cycle that always occurs every 4 years. Because before this halving, many bitcoin investors will definitely sell their bitcoins first. The goal is so that they can buy back bitcoin if a correction occurs. Maybe because of this, Bitcoin always experiences a decline in price first when the Halving is coming. But as far as I know, the price decline that occurs before the Bitcoin halving occurs, is usually not too deep. Because if you look at market sentiment, investors who often sell and buy always have the same strength. So there's no need to worry if Bitcoin is currently experiencing frequent corrections.

And when talking about ATH, it seems a bit difficult for Bitcoin to touch ATH before the halving occurs. Never mind before the halving occurs, even after the halving occurs Bitcoin still takes quite a long time to reach ATH. A big example is the bitcoin halving that occurred in 2020. At that time, bitcoin took around 18 months (1.5 years) to reach its ATH. So you could say that ATH before the halving occurs is very unlikely. So if anyone thinks that's going to happen, I think they have to hope for a very long time. Grin