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Bitcoin Forum / Re: Bitcoin price speculation and analysis Thread
« on: Today at 11:40:50 PM »You have created a very good topic, thank you OP. As far as possible here is the best strategy to talk about Bitcoin, i.e. when the halving takes place in the current time, this is April 2024, so we are very close to the bull market from here, because the past halvings indicate that the year after the halving takes place 2025 is likely to be the peak bull run. Hence, it would be best for an investor to hold Bitcoin for the long term from now on. Then you can come and enjoy the full share of next year's market.It is very difficult for us to analyze and predict the price movement of BTC in the next 12-18 months. While I am optimistic that BTC will reach $150K-$170K in this cycle, it is very difficult for me to provide any specific scenarios for BTC's price movement. Perhaps when BTC ends its current correction and starts to rise, it will be easier for us to analyze based on theories such as LPPLS, Wyckoff, Elliott waves, RSI, MACD...
Currently, with BTC trading sideways, it is very difficult to make reliable predictions. The only thing I can be confident of at the moment is that BTC will not create a new bottom lower than $15K and we will soon have a new ATH in 2024, followed by $100K and $150K.