Quote from: summonerrk on Today at 01:54:07 PM

Quote from: Wend on November 15, 2023, 12:19:00 PM

Quote from: summonerrk on November 15, 2023, 10:09:57 AM

Quote from: Inwestour on November 14, 2023, 11:52:39 AM

Quote from: summonerrk on November 13, 2023, 04:08:22 AM

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

Wend

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