Quote from: Bitcoin_people on Today at 03:17:26 AM

Quote from: New Money on March 26, 2024, 01:45:57 AM

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

As we saw the Bitcoin halving in the month leading up to the Bitcoin halving, the Bitcoin market hit an all-time high, hitting $73,000 in the Bitcoin market prior to April. And now we can see that the Bitcoin market has dumped a lot more today in early April which brought $66k. Although the Bitcoin market has been down a lot since the beginning of April and before the halving, the halving is still a few days away, so I believe the Bitcoin market will probably see more upside next week. And before the halving the bitcoin market we all know is very pumped even though after the halving the bitcoin market goes down. I think the bitcoin market may have an opening to touch $80k before or during the halving. And after halving, the Bitcoin market will definitely turn into a bear market and then the Bitcoin market is likely to come between $45k-50 dollars.

Expecting bitcoin to reach $80k before the halving or within this month is entirely possible and I believe it too. But many people have higher expectations that bitcoin will go even higher after the halving, and they are dreaming of a target of $100k right after the halving. And I like your prediction because I also don't believe that bitcoin can go up forever without a correction. Similar to you, I think the condition for bitcoin to increase and touch 100k USD is that bitcoin must at least adjust to the 50k USD area to gain momentum as well as make weak hands sell all their bitcoin. This is a game of winning and losing, there will be no way for everyone to get rich in this market, so dumping prices to shake off the weak hands is absolutely necessary for bitcoin to rise higher.