<snip>
I'm trying to understand what he means, maybe he's saying bitcoin will go up in a few months because we've passed the Halving period or the cycle you mentioned. It should also be understood that after we've passed the Halving season, bitcoin has not peaked and it's natural that many predict bitcoin will peak after a few months after the halving occurs, this also happened in previous halvings.
But what is clear is that predictions are not always one hundred percent accurate, even though the pattern is the same, the time will not be the same. Considering that this year the global economy is being hit by uncertainty due to war, coupled with the US election, it seems very difficult for bitcoin to reach $100k this year, maybe next year. This is just my assumption, everyone is free to speculate on the price of bitcoin, but what is certain is that we are getting closer to a bull run, so buying and holding bitcoin is a wise choice at this time.
I understand what you mean, many of us are waiting for a new ATH after the halving, but unfortunately this has not happened yet. Usually, halving will encourage more market demand for bitcoin which has an impact on increasing its price, but something different happened at this halving moment. ATH was formed pre-halving, while many predictors say ATH will only exist after several months of halving.
Predictions are not always correct, but predictions can at least help you in making investment plans. Not just predictions, but I tend to classify them as analysis. Obviously analysis is needed to predict where the price of bitcoin will go, but $100k still seems reasonable to expect in 2024.
The halving will have a big impact on the market over time which will play a big role in the Bitcoin price increase but it will definitely take time to happen. We are very close to that time. We can expect to be able to see a bullish movement in Bitcoin price in the last quarter of this year. Investors are already holding bitcoins based on their ability. In recent times, if it takes a little longer to happen, that's still a positive side. During this period an investor will have the opportunity to hold more bitcoins. If we don't get Bitcoin price 100k in 2024 then there is a possibility that it will be $100k in 2025. Bitcoin doesn't always perform according to predictions, but depending on predictions investors gain confidence. Considering the situation, there is still enough time to reach $100k this year.