Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?
It was answered , 60k is the lowest and we still waits for the highest but so far the record shows 74k is the highest value of bitcoin before the halving.
Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?
Bitcoin price is very difficult to predict. However, according to past statistics, the price of Bitcoin increased a lot after Bitcoin halving. So expect Bitcoin price to go up a lot after this halving. According to past statistics bullran will start in 2025, so expect bitcoin price to be 150k higher or lower in 2025. It's just a guess, no one can make accurate predictions. It is very difficult to predict whether the price will go down or up before the Bitcoin halving, as the price of Bitcoin has fluctuated a lot for quite some time. If you want to invest then you can invest in DCA method and hold for long time.
History may or may not repeat itself again. And what had happened with the past halvings might not be the same with how the present halving goes. This shows how unpredictable the market is. And because of that, people find it hard to create accurate predictions or speculations as to how low or high btc price will be prior to halving. Some say that we will witness $100k for bitcoin, while others settle with $150k. But one thing is certain, everything is left uncertain these days, we can only tell about it once halving is already happening.
it is indeed that we have the different approach this year because we have broken the ATH before the halving and the price remain strong even now that we are celebrating the 4th halving time.