Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?
This question of yours is very simple but for many people it is very difficult to answer this question. Bitcoin halving is about a month away from organizing and then the cryptocurrency market will probably be halved. Did any of us think that the Bitcoin price increase will be higher than the Bitcoin price ATH in 2021 before the Bitcoin halving. But with the rise in Bitcoin price, it surpassed that previous ATH record and set a new ATH record. In fact, no one has a proper idea about the cryptocurrency market, and no one can say for sure. I have been constantly connected with the crypto currency market since almost a few years ago and have watched the market rise constantly. In fact, we are more curious about the ups and downs of Bitcoin than we are about the cryptocurrency market. It seems to me that since Bitcoin reached a new high before the halving organized and set a new record, Maybe after the bitcoin halving the price of bitcoin will build a new ATH again.
It's not a difficult question to answer, it's a question with no exact answer because no one has a crystal ball to know the future. If we are uncertain and not willing to take risks then we should instead make a one-sided prediction and stick to it. We can come up with 2 options for 2 scenarios, whether bitcoin continues to increase or decrease after the halving occurs, we will have a solution for that. But I think most of us are long term holders, so setting a goal is important and we should only sell when we reach our goal, and short term fluctuations in bitcoin don't need to worry too much.
we will never know the condition of future market movements, but some people think there will be a high correction based on analysis in terms of market increases since the end of January and the market has never experienced a high correction, although the assessment is only a prediction but it is worth considering to avoid short-term trading losses. but I apply a different strategy for long-term investment to sell some assets to convert to USDT to avoid a drastic decline, then I will buy back the bitcoin investment assets at a lower price.