It has been like 100++ days since the last halving, and so I think some are thinking that the market at this time should be in the bull run already. And so that's what they are holding for now as in recent days, we have a big uptick as well reaching as high as $64k and I though we will break the next barrier at $65k, but it was not yet meant to be.
It’s more than 150 days actually since the bitcoin halving occured, I once say a chart of bitcoin rallying after almost 160 days after the halving period and considering that this could actually be in the Q4 of the year which most of us have been predicting a rally base on the historical trends then it is not bad to say we could see that happening again. But this are all predictions and there some other factors that affect the market trend so we might have to wait for other confluences again, as they say history doesn’t always repeat itself and we saw that when a new ATH was hit right before the halving.
Positive markets are the roots for a new all time high. So, if we will more positive trends then we may break over 72k levels for sure. This way, I am personally expecting bitcoin to touch $100k levels by end of this year if any major negative news not arrive inbetween times.
News are what changes the shift of the market sentiment, I will say a positive news will make us break that ATH before the years ends, first of all I don’t believe in the little things many use to predict the news but I am notice of recent how news changes market sentiment fast so my takes for a new bitcoin ATH this year is; the rate cuts are actually finalized on the next FOMC meeting in Novembe to ease the recession tension, the US election results and most importantly the anticipated pump coming in every Q4, this are things that will for now cause the new ATH coming this year