Quote from: Dave1 on February 27, 2024, 11:47:33 AM

Quote from: Dunamisx on February 27, 2024, 10:35:35 AM

Quote from: Minor Miner on February 27, 2024, 10:27:23 AM

Quote from: TheVeteranAngel on February 26, 2024, 05:00:02 PM

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?

We still have almost 2 months until the halving event, don't rush to rejoice and sleep in victory when you see bitcoin increasing in price and hitting the $57k today. Everything is possible and bitcoin always surprises us, if it can make us extremely excited it can also disappoint us. Personally, I will be more cautious at this point, I will always have a backup plan if things suddenly reverse. Furthermore, the halving does not mean that bitcoin will never decrease, there is no guarantee of that. Don't forget previous cycles, the bull season took place 6 months or a year after the halving ended.

I don't also considers anything that is not after the $69,000 market price of bitcoin as bullrun, we are still warming up for now, it may not be as immediately as we have the halving circle for the year 2024 we are likely to experience the bullrun, it may be towards the end of the year or early 2025, we are likely to still have more dips as after the halving below $69,000 and later we started to experience some new all time highs till we get to the peak of this experience.

Technically you might be right, bull run starts right after the halving event. Nevertheless, if you look at the lowest low for this bear market, it's $15,500. So we have been like 200%++ already since that price level.

Right now, price are still continuing to increase to $56k, and maybe at the end of the end, we might go and see $57k.

So that is huge already as we are still in the pre-halving but investors are already very bullish about it.

Today, bitcoin price touched $59.4k and the greed index is very high and I guess people are slowly thinking about the scenario where we will have an ATH before the halving. It's entirely possible and I can't be too stubborn to fight the market trend, but I still don't completely rule out a scenario that could still reverse at any time. I mean we should never let our guard down with the market for even a minute because sometimes we are too subjective and will pay a very high price.

Today everything is great, we shouldn't say bad things and enjoy the results we've been waiting for for the past 2 years.