Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?
What factors do you think will assist Bitcoin to bull when in the previous bull run seasons, it took Bitcoin more than 500 days to see to a new ATH after the halving season. This year we can't tell what will lead to the Bitcoin mega push to above $150k at least. $200k benchmark I don't know what year, this year or upper year, will Bitcoin get to the the price.
Yes, that's right. Bitcoin can reach $200k if we look at the history of previous halvings. Because the Bitcoin Price pattern before and after Halving is different but after the halving happens we will see the latest ATh. As you said, one aspect we should pay attention to reach $150k or $200k is that the price tends to follow a 4-year cycle along with the halving period. We have passed the Fourth Halving on April 19th last year, and we have not seen a significant increase like the previous halvings so I believe this year is the highest peak of bitcoin price.
Indeed, past cycle performance does not always reflect the future, but believe me if you look at the historical data after halving, the Bitcoin price pattern always increases significantly after a few months after the halving, we just need to be patient and wait for the time to come. So take advantage of this opportunity, don't waste it.