I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. 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?
The market is volatile, the BTC price could go up and down by 5-10%. I expect a short term bear market during the summer.
Historically speaking, the summer isn't the most bullish season for BTC. Maybe there will be price pump by the end of the year or the first quarter of 2025. All the conditions for a bull market are about to be met. The USA keeps printing money. The conflicts in Ukraine and Gaza might come to end(after Trump becomes president, but who knows?), there isn't any major FUD against Bitcoin right now.
I'm sad that I've missed the opportunity to sell more BTC at a price above sixty thousand dollars. Maybe next week, the BTC price will drop bellow sixty thousand and it will stay there for several months.
And add to that the high volatility of bitcoin, of course we can’t completely expect that bitcoin won’t drop its price, but at least we all know it will always recover after every drop.
The market gets more unpredictable these days, and it’s always will. The reason why we have to be more patient these days, so that we won’t end up panic selling, and we won’t be seeing ourselves losing in bitcoin most especially that the final bull run is approaching.
Besides bitcoin hitting its ATH before halving due to the impact of bitcoin ETFs, I think history is repeating itself again. The bull season will not come immediately when the halving ends, we need from 6 months to 1 year for the bull season to really come and the fourth quarter of this year is the perfect time.
The market is still the same, it's just that investor psychology is changing, I also made the mistake of expecting too much from the impact of the ETF. But looking back now, I see that history is still repeating itself. After the halving, it will be a pretty boring time for the market before the bull season comes.
A lot of newbies expressed the same disappointment as OP that there wasn't any price increase after the halving. But if they are not speculators and do not intend to get rich quickly, then a bitcoin correction is always a good opportunity, not a time of panic and dumping.