Post
Topic
Board Bitcoin Discussion
Re: BTC above $53k
by
Cookdata
on 26/02/2024, 17:25:36 UTC
I have read often times that price of BTC usually dump before the halving and pick up after halving but it's looking as if there is going to be an exception to this rule this year now that Bitcoin ETF has already been approved and lots of instructional buying going on.

With BTC constantly going up and as we approach March I'm just few days? Do you think we are going to see any major corrections before the halving?

This was after it was announced that Microstrategy bought an additional 3000btc and Trump green flag on bitcoin comment. While I may accept that Microstrategy is indeed doing there own part and buying all the bitcoin they could, it's makings it centralized because they had about 190,000btc now in their custody but it's better than what politicians are doing, believe Trump or any US candidate when they say good stuff about Bitcoin at your own peril, they turn deaf and dump when the get into that office.

Bitcoin don't dump when halving is approaching, it's like 2-3 weeks before it dump and right now we are 2 month and some weeks away from the new Bitcoin halving. I expect to see us touch the previous all time high before any correction but don't be surprised if whales keep the bitcoin in that level and used halving to break the resistance, anything is possible. You should be anticipating for new price though, not dumping all the time.