The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
We still have to wait and see, and if you have been in the market or experience halving already, you should know by now that a month after the halving, the price is going to tank. Not sure what the reason is, maybe the excitement is gone as the hype is gone or simply that's where the market moves.
And so the answer is that we should be patience, we still have this year, more than 6 months to see what will be the impact of halving. And then 2025, a almost full year as well on what will be the all time time high. So we need persistence and we should endure what the market will give to us, and at the end of the this bull run, we know that we will see a good price and probably in the six digit figure.
Well way too many people end up overbuying beforehand because they know that it will go up leading up to the halving and they were right we have seen all time high before it, so all those people who made their profit end up getting out because they overbought and extended their financial situation to this point. I think it is going to keep rising though, with all the profit that people have.
First it will be both new money that goes into the market and we are going to also end up with getting bigger piece of the pie from other alts as well, because people will sell their alts and buy bitcoin for a while as well. Then when that goes up and makes us all a lot of profit, people will sell some of their profits and invest into alts and that is when alt season will start as well.