Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?
Since it reached the price of 73,777, I assumed that the price reduction would not reach below 59,000. The price of 59k is the price of a recent decline and I will never be able to guess how far the decline will occur even though I have an assumption that it will not occur under 59k.
So the case with how high the price will later be because I still hold the principle that the price of Bitcoin can reach the point unexpected. But in the Halving period this time, I am optimistic that the increase in Bitcoin prices could reach 100K - 130K in 2024.
Halving is completed now, price is stable around $64k-$65k, so that's good enough for us and did reach $73k pre-halving. Now we can see that at least for this month the lowest is $59k, but the lowest low for this bear market is $15,500 with the FTX collapse. Now, we look forward at the end of the year as halving is done. We shift our focus on now not low the price will be, but how big we gonna get at the start of the bull run. Again, pre-halving is $73k, so at least this year, I'm looking at around $100k at least and then the biggest will be next year when we hit our peak and it could be around $150k'ish or higher.