Post
Topic
Board Speculation
Re: Bitcoin 190K in 2024?
by
adultcrypto
on 08/04/2024, 10:50:10 UTC
I don't think it's possible for Bitcoin to ever hit 190k before the halving starts.  Because Bitcoin is likely to hit 190k by the time the 2025 Bitcoin bull run begins. Because the Bitcoin price hit its peak during each bull market, the year 2025 should be targeted for the Bitcoin price to reach $190k.

we only have a week or two before halving so indeed that this is impossible for now(though I don't give wrong thoughts in bitcoin capacity) yet  i believe that there are other things we have to expect here in this market than just  a pumping because its harder to fail when you know nothing about the movement.
I do not thing that the price of bitcoin will begin to increase immediately after halving, instead it is after the halving and after some time it begins to happen. This reason being that when miners begin to receive less of what they were receiving, that is when it begins to dawn on the people that the quantity of bitcoin receive have actually reduce and this is what will cause the rise to commence. So price increases until it becomes saturated and people becomes used to the new pattern and there will no longer be panic buy or sell, hence stability is achieved before a bear market is expected when people will begin to take profits. Bitcoin can go to the price suggested by this thread but that might be from next year.