As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?
I value speculation when it comes to investing.
https://www.coindesk.com/markets/2024/06/21/bitcoin-options-market-isnt-buying-btc-price-weakness-shows-bias-for-100k-calls/In this context I would say that after every halving the Bitcoin market starts to rise. It may take some time for that rise to begin. But the bottom line is that as miners' rewards are cut in half and Bitcoin circulation decreases, the Bitcoin price will definitely increase. But those who rely on the idea that the bull run will only happen after Halving will face losses for the time being. And those who see this dip in Bitcoin as a buying opportunity will definitely be profitable. Each dip is an opportunity, especially for those looking to make a long-term investment in Bitcoin.
By the end of 2024 we will start to see the effects of Halving. And if somehow it is delayed then by 2025 we will definitely see a higher bullish trend in Bitcoin which could be 100k or more.