Bitcoin post-halving price consolidation could last 2 months

[Captain Corporate]

I do agree that it may take a while but not sure if 2 months is the right way to go with it. I think its quite close and understandable that we are going with something much better here, because we are already a little higher and I believe seeing something above 70k wouldn't be really all that crazy, by the looks of it we could say that they are doing quite well with how people are buying at the moment. Just realize that things aren't all that simple and we could just do much better in the end.

[UNIVERSE]

Or we could jump up to 111k by June 1.
Don't lock into short term. move to 2025 and beyond

There is no way to reach $111k in the next month (June 1, 2024).
The current Bitcoin price is $62k, we are too far from $111k. If it can reach $70k, I can believe it. But to reach $111k, it is quite impossible. Even, I'm not really confident that the price may cross $100k at the end of this year.

I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.

It is just a price chart, it doesn't guarantee anything. How you are so confident that we are heading $200k in 2025? Before halving, I'm quite confident we may cross $100k soon and the ATH may be above $150k. But after the price drops below $60k, I becomes not really confident anymore. I just think that the price may cross $100k in the next year if we are lucky enough.

[babo]

Or we could jump up to 111k by June 1


Don't lock into short term. move to 2025 and beyond

I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.

You almost made me faint I have to tell you
I expect 120-150k for bitcoin
if it reaches 400k nothing changes since I own cosmic nothingness
but if it were to make that amount I would be happy for some acquaintances I have, maybe they will give me some gifts
in any case this year I want to try to short $1000 at 10 leverage after the ath, I'm saving them on purpose

[Lucius]

I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.

Someone will have to buy a lot of BTC for that to happen, and now the question is whether we can count on retail buyers or institutional players - or maybe both? The fact is that we now have spot ETFs in the US and they have proven to be a powerful factor in pumping up the price, but we also see that money does not flow in only one direction.

I personally hope that the price at its peak will reach at least x2 compared to the post halving in 2020, which would mean around $140k. If that doesn't happen, I still hope that we will at least reach that magical $100k that everyone has been waiting for so long.

[philipma1957]

well it is only 20 days past the ½ ing and things suck for mining ⛏️.


if you dca and hodl it is a non issue.