Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?
The max it can go low is 50k usd. It won’t fall below it. The reason for which I am so confident is that, as Bitcoins will go down, more people will start buying it. Moreover we know that Bitcoins are fixed in numbers, hence if more people will buy it then the price to accumulate it will increase, leading to increase the demand. Hence as the demand is high and supply is less, automatically the price will go up. Hence, 50k will be the lowest price possible this halving. Now let’s see what happens.
Even really that hard to believe that we would really be going below 50k but well this market is truly unpredictable even on which if it doesnt have any negative sentiment or news behind on which prices could really be able to reach out those ranges without any reasons behind and this what makes unpredictable. This is why it would really be just that depending on you on how you would really be hovering yourself into this unpredictable space.