Quote from: wmaurik on Today at 03:04:42 PM

Quote from: Nothingtodo on April 26, 2024, 09:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

Currently the price of Bitcoin is still at $63K and if a decline can occur at the end of this month or at the beginning of next month, I will not immediately make a prediction for the $50K range. Because currently Bitcoin has stronger resistance to this if we compare it to last year so there is a possibility for Bitcoin to be above $50K if the price decline actually occurs at the end of this month or next month. But what we are seeing now is still at $63K with quite slow movement in the market.

Yes, +/- $63,000, still good price though, and I think everyone should understand that even if we had the catalyst for a bull run already completed which is the block halving, it doesn't mean that the price is immediately go and reach 6 digits. It's not how Bitcoin works, it might take sometime for the market to have that kind of run, maybe we need some news to push the price or just the whales suddenly find themselves wanting to initiate a bull run.

I also don't think that $50,000 or a potential dump in the market is going to happen. We have a huge support at any line, like in $60,000 or even lower. We just need to have patience, specially to beginners in the market and just don't overthink and be nervous about a huge decrease in price. Everything will fall for us this year, IMHO.