is $60k the floor rate of bitcoin after halving?

[akeemqaz]

Bitcoin's direction remains uncertain, but I was fortunate to have paired some USDT with BTC on Bitget's smart portfolio, which allowed me to accumulate more BTC as it dropped. Now that BTC is pumping again, I've already increased my holdings and am hoping this upward momentum continues for further profits.

[KingsDen]

Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.

It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.

I think the current downward movement of Bitcoin is absolutely normal especially now that it's happening immediately after halving. For a lot of people, they thought that immediately after the halving the price of Bitcoin will immediately move to the upward direction but unfortunately for them, they didn't get their expectations. Crypto experts who does read the cryptocurrency market had initially predicted that the price of Bitcoin will move downward direction immediately after halving before a significant movement in the upward direction which will also serve as the bull run. Bitcoin is currently a little above $60 but when the bull run will commence, it's expected that the price will go past the $60 price that many believes is the floor rate by a landslide.