Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We’re building a really strong base for the bull run. We're likely to reach the halving at a price over $45,000 which is incredible really. I think a top of 4 x from the halving price definitely achievable.
The price on May 11th 2020 at the last halving was around $9,000. We hit over 7 x that price at the ATH of $69,000. With so much more capital now unlocked with the spot ETFs we could even outdo that.
Absolutely though, I’m looking for 4 or 5 x the price we will be at with the upcoming halving as this cycles top. So we should be able to look forward to something like $180,000 to $225,000 in Q3 or Q4 2025.
The price on May 11th 2020 at the last halving was around $9,000. We hit over 7 x that price at the ATH of $69,000. With so much more capital now unlocked with the spot ETFs we could even outdo that.
Absolutely though, I’m looking for 4 or 5 x the price we will be at with the upcoming halving as this cycles top. So we should be able to look forward to something like $180,000 to $225,000 in Q3 or Q4 2025.
Bitcoin ETF's are launched month ago and there impact is yet to be seen on Bitcoin price. Though I am one of those who don't think ETF's are related to Bitcoin concept of decentralization.
Next we have halving coming up and right now we are standing at 48k$. It will be interesting to see at what price we hit the halving date. This halving will be different in a sense that there are lot of people waiting for this event. 100k$ is guaranteed after this halving. DYOR
