Initially I had a target of $150k, but looking at the current situation it seems like $150k is too high. currently my target is at $100k-$120k. If the halving occurs on April 16 or 17, it means the halving will start in less than 20 days. My estimate is that when the halving starts the price of bitcoin will be around $80k, and my mind says $190k or $150k is too high.
How do you set your target price? Is there any logic/methodology to it, or do you only rely on your feelings?
Making emotionally based decisions is never advised in crypto or any other trading. There's a big chance you would end up selling at $100k and buy back at say $120k if the FOMO kicks in.
In terms of Bitcoin's cyclical movements, dates of halvings were pretty much insignificant. In the past, major rallies would come quite a long time after halvings.