With all that Bitcoin has achieved so far, I want to know your expectations for bitcoin as we step into the second quarter of the year in just few hours from now?
Sincerely, I don't even know what to expect anymore because of recent activities that have occurred. With the approval of the Bitcoin ETFs, we expected an instant pump, which didn't come as early as we had thought in January. Luckily, we began to notice some growth around late February if I remember correctly. The effect of the ETFs' approval was so effective that it created more awareness and led to the breaking of the previous ATH, setting a new ATH record of about $73.8K. From records, having an ATH before halving isn't something we are quite familiar with, which makes the activities after halving quite unpredictable for me, though we might start noticing a downtrend anytime sooner before the halving.
What is your prediction in terms of bitcoin price?
I can't make any definitive predictions right now, but if we continue in an uptrend after the halving, then we should be hovering around $61-68K for a while. However, if we were to enter a downtrend, then we might drop down to values between $50-59K. As I mentioned, nothing is certain.
Aside the halving, are there any other events coming up in the second quarter of this year that could or has the potentials to aid bitcoin's continual growth; that you know of? Please share with us..
The crypto space is full of surprises. Unexpected events might arise at any point in time, leading to either positive or negative effects. Whichever it may be, we have to be prepared.