Quote from: Yaunfitda on May 16, 2024, 11:06:06 AM

Quote from: enwi on May 14, 2024, 09:20:35 AM

Quote from: nurilham on May 13, 2024, 08:56:23 PM

Quote from: GigaBit on May 13, 2024, 03:37:34 PM

There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving.

Yes, it is just a normal correction. There should be a decrease after an increase. We already hits a new ATH before halving, it is normal if we have a big correction after halving. The Bitcoin price has dropped to $56k, now it is already raising a bit. Few days ago, Bitcoin price increased to $65k but it dropped again to $60k. I think the decrease is still reasonable, it is not dropping very drastically. Because Bitcoin price is still above $60k, we mustn't feel too worried if we set a target for a long term.

Quote from: GigaBit on May 13, 2024, 03:37:34 PM

But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year.

It is true. After the halving, Bitcoin usually increased significantly again in the next few months. We can see this fact from the 3 previous halvings, all of them showed the same fact. If Bitcoin is in a sideway phase or in a decreasing phase, it is not really surprising because it happened in the previous halvings. We just need to be patient to wait for until the end of this year or until the next year.

When we look at the history of bitcoin price movements after the halving, the price usually increases, but this year it seems very different, the FOMO that bitcoin gives traders means that the price of bitcoin has already made a new ATH before the halving occurs. If we still follow the history of bitcoin price movements, it is possible that next year there will be a bullrun and bitcoin has the potential to reach a new ATH again.

I don't see any difference though in the previous bull run. Yeah, maybe we hit a new all time high before the halving, but it doesn't mean that we won't be sitting a massive bull run after it. And if you look at previous bull run, it will take at least months before we can finally see some semblance of a bull run in the market. So I doubt that we will not see a new all time high for this bull cycle. It's just a matter of time, and we are not even a month from the halving itself to say that there will be no rise, it's too early. For others this could still be a period of accumulation and then see the price at the end of the year, we could be very well looking at 6 digit future, I reckon. It's that we really need to have a lot of patience in this market.

Frankly, we also have no evidence to guarantee that history will repeat itself again, we will have a bull season in a few months. What we can do now is just hope and wait for it to happen, but there isn't any evidence that it will happen. So some people have never experienced a bull season before or look at what happened was bitcoin had its ATH before the halving and it's completely normal for them to be skeptical.

But in the end, whether the bull season comes or not, but in the long run bitcoin will still reach 6 figures and the only issue is time. Investing in bitcoin is a game that requires patience, those who are patient enough will be the ones to receive worthy rewards.