Post
Topic
Board Speculation
Re: Bitcoin halving, how low the price can be?
by
South Park
on 01/04/2024, 22:12:23 UTC
I also think there will be a significant correction in bitcoin before we really enter the bigger bull season. But we have no guarantees that that will definitely happen, so I think selling some assets now and waiting to buy bitcoin at a lower price is quite risky. I expect a pullback but I will not sell any bitcoin or investments at this time, I will continue to try to work harder to save money and DCA if the market drops as expected. I think this option will be more feasible and safer than selling and waiting to buy back.
A correction is definitely possible, it is just that the bulls are in such a strong position that no matter what happens they are able to push the price back up, I think this confidence comes from the fact that many investors are waiting for the halving to become the starting point of another bull run, however if their expectations fell short then that is the moment a correction could come and make the price to take a step back, an opportunity that we must not miss, as who knows if we could ever get another opportunity like it.