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.

[Igebotz]

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.

Doesn't guarantee anything, but the last two pre and post halving price charts followed the same pattern, which could encourage many players to enter the market and stack more. Not expecting much, but my least expectation is $100k

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.

This could be the final time we see Bitcoin below $100k I see a great opportunity for everyone to dive in before price pump. There has been little market action, as practically everyone is waiting for the final dip before the bull run to stack more. I'm still on the bench waiting for the right time to enter the market.

[babo]

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.

I don't think miners are poor, otherwise they wouldn't continue mining
let's say that if you are not expert you certainly won't survive the halvings
you have to know what you do how you do it and you have to know how to base everything and in which country
it's not easy

[SmartGold01]

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.

I don't think miners are poor, otherwise they wouldn't continue mining
let's say that if you are not expert you certainly won't survive the halvings
you have to know what you do how you do it and you have to know how to base everything and in which country
it's not easy

Do you think mining is based on country or what?
Yes I know that but it does depends because most of that seems pretty good for minning due to electricity and stable network could be another cause of not having the benefits of becoming not that active. Alternatively this could also refer as there equipment they are using although I am not an expert in mining so I can barely relates.

[Lucius]

This could be the final time we see Bitcoin below $100k I see a great opportunity for everyone to dive in before price pump. There has been little market action, as practically everyone is waiting for the final dip before the bull run to stack more. I'm still on the bench waiting for the right time to enter the market.

Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).

As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.

[Igebotz]

Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).

As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.

After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.

Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.

[philipma1957]

Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).

As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.

After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.

Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.

Sorry for your eth choices but to each Thier own. My thoughts on eth is it is a dead coin and get out of it. Move your eth to Solana.  My thoughts are just that thoughts. I have fully liquidated all my eth and happy I did it.

[Igebotz]

After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.

Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.

Sorry for your eth choices but to each Thier own. My thoughts on eth is it is a dead coin and get out of it. Move your eth to Solana.  My thoughts are just that thoughts. I have fully liquidated all my eth and happy I did it.

What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.

[Sim_card]

2 months is enough i think?

remember what we have had before the Halving happens?  we have a breaking of ATH and I think that its normal that we see this market response now.\

But the thing about investors are shifting to altcoins? i don't know if there is a room for this since the whole market is bleeding also .

So far, seeing exchanges that are in the red due to the impact of falling bitcoin prices is very sad. It seems that bitcoin is having difficulty increasing its price again. The altcoin season may come with a bitcoin crash in the next wave when bitcoin hits bottom.

I don't think that bitcoin will have any difficulty in price increase is just that the right time for that has not come, and when it comes you will marvel how the price of bitcoin reached a new ATH. Bitcoin is first before any altcoins and if bitcoin have not hit the bull market, I doubt if any altcoin will be bullish. We only need patience with our bitcoin hodlings for the market to be in green.

[Lucius]

After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
~snip~

I wish you were right, but every big bull run was followed by a correction that turned into a bear market - and from what I remember since 2014 every correction caused a 50%+ price drop, which would mean that even if the next ATH is $200k, we can hardly expect that after the correction the price will remain above $100k.

As for Lambo and other metal beasts, I'm not someone who strives for such things, but I understand that some people have the need to prove something to themselves and others in this way

What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.

Maybe I'm wrong, but our colleague is a long-time miner who probably isn't thrilled that ETH has become a POS coin, but neither are many others. I'm not saying that you still can't make money by investing in it, but maybe some other coins have much greater potential.

[philipma1957]

After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.

Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.

Sorry for your eth choices but to each Thier own. My thoughts on eth is it is a dead coin and get out of it. Move your eth to Solana.  My thoughts are just that thoughts. I have fully liquidated all my eth and happy I did it.

What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.

I am anti eth and have been anti eth for years. basically it is not for me. Do I know anything special about eth no. but I believe it lost its way when it left POW. I also think both AMD and Nvidia would like to hurt them for leaving mining. So I feel there is a target on the back of eth. But that is just what I think