Post
Topic
Board Speculation
Re: What is going to happen with Bitcoin now?
by
Oasisman
on 08/05/2024, 09:06:42 UTC
Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?

Too early. If you look at how bitcoin were moving from the past 3 halvings, It did not make any bullrun right after the halving have concluded. It took several months before it made another bullrun and hit another ATH. So, I would say, we should wait for like 5-8 months and that's approximately between the 4th quarter of 2024 or early in 2025. Though it is not guaranteed, but bitcoin would always make another run, it's just a matter of time since a lot of people have been anticipating and very optimistic about the 6 digit figure.
Don't get surprised if bitcoin will have another decline that would cause it to drop below $60k, because that only means it has given us another chance to accumulate more to maximize our potential profit when bitcoin make another run for the new ATH.