I am bad at chart reading and I don't care about the price movement of bitcoin on chart, because I am still accumulating more bitcoin since I just started my bitcoin journey and I don't have enough to make me stop accumulating. What makes me to continue buying more bitcoin and hodli is because I am saving for my future when inflation might be ×100 the normal price. By then bitcoin price would have reached above 500k. That is when I will start selling some coins. The bottom line is that I see bitcoin as safe haven.
what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?
I will say that I hope that the pattern will be repeated, i.e. that the halving will have a positive effect on the price as before. What somewhat disturbed the usual sequence of events was the new ATH before the halving, but there was a good reason for that (spot ETFs), but also the fact that in the last bear market we broke even the ATH from 2017 in a negative sense, of course .
All this only indicates that we must always be prepared for unexpected situations that can significantly disrupt what we consider a logical sequence of events. Therefore, unless something unforeseen happens, I hope that we will again have a big bull run in the near future.
We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?You have shared a good piece of information but as a normal trader with no high technical skills its hard for me to understand it fully but I do understand some. I am not accumulating anymore but holding what I have accumulated till now. I don't depend only on charts but on other factors too. Because I know charts are based on historical data and historical data can't predict the future 100%.
You have shared a good piece of information but as a normal trader with no high technical skills its hard for me to understand it fully but I do understand some. I am not accumulating anymore but holding what I have accumulated till now. I don't depend only on charts but on other factors too. Because I know charts are based on historical data and historical data can't predict the future 100%.Therefore, I am even sure that some people feel motivated by the brightness of Bitcoin in the future considering that this seems to be a special encouragement for people who have felt a little loss recently. I also have the same belief as you, where predictions based on history cannot be 100% accurate, but at least this gives us another view that there is a few percent possibility of historical data becoming a benchmark again because we always see ATH always related to the Bitcoin halving.
For example, till now all the charts have shown that BTC makes new ATH after the halving, but only this time due to massive adoption, BTC made new ATH before the halving and falsified all of the historical charts and charts based predictions. I saw this pattern for the first time, and its not very convincing that I will start to invest again, because investing is decided after several thoughts, as we can't invest in a coin only on the basis of charts.
Yes history will repeat itself once again but I think people are afraid of such lower prices and they are selling their coins with loss which also affects the market negatively. If we wait and keep the previous history of halving in mind then we will not be caught in the opposite direction.
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I will say that I hope that the pattern will be repeated, i.e. that the halving will have a positive effect on the price as before. What somewhat disturbed the usual sequence of events was the new ATH before the halving, but there was a good reason for that (spot ETFs), but also the fact that in the last bear market we broke even the ATH from 2017 in a negative sense, of course .Yeah I think the spot ETF really is the reason why ATH goes off too early as we all know it usually happens after the said halving event. Such a great news makes ATH so maybe we have to expect more in the coming days.
All this only indicates that we must always be prepared for unexpected situations that can significantly disrupt what we consider a logical sequence of events. Therefore, unless something unforeseen happens, I hope that we will again have a big bull run in the near future.
So, what makes you want to hold or add more accumulation?With the knowledge that patience is a very important virtue while investing in bitcoin, I am encouraged to keep holding and accumulating more bitcoin even though it has not performed as expected yet. Bitcoins will still do well, we just need patience as a virtue.
Someone gave their views on Bitcoin price movements after the halving via their social media account. He is a trading expert from my country and also actively provides signals for paid trading.I like this trading idea, and I also see the coincidence of this cycle with the cycle 2016: we have a strong and continuous recovery of BTC instead of a sharp drop right before the halving like the cycle 2020. I expect BTC to re-accumulate over the next few weeks, even until the end of Q3 this year, before growing sustainably and creating a bull run in Q4 2024-Q1 2025.
For all of you, is it patent to rely on the price change pattern of previous halvings?
We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?
Yeah I think the spot ETF really is the reason why ATH goes off too early as we all know it usually happens after the said halving event. Such a great news makes ATH so maybe we have to expect more in the coming days.
Someone gave their views on Bitcoin price movements after the halving via their social media account. He is a trading expert from my country and also actively provides signals for paid trading.I know where you get the source, I also quite often reading the information from Ayoung Lam. Sure, he is one of an experienced trader, he has good knowledge about crypto as well. I think you also often monitor Kapten Crypto 707, he is also an experienced and successful trader in our country. :D
We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation?It is true, the pattern of price movement in this cycle looks having the similarity with the previous halving in 2018 - 2021. But it is not really the same because Bitcoin can reach the ATH before the halving. So, we can assume the peak of Bitcoin price in the current season may be faster than the previous season. During this year (2024), I think it is better to keep holding. We can consider to sell in the early of 2025.
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Honestly. I don't expect previous pattern. But I expect a bull market bigger than previous ones.
There are more coins these days, and with all these, Bitcoin still dominates more than half of the crypto market valuation.
To me, I expect a bull run. And these time, I'm gonna pair some with some stable coins on Bitget smart portfolio to automatically take profit as it goes further up..
I remember that trader's name when I was still actively following prices on an almost daily/weekly basis. He seems reliable unlike those who only appear during bullruns but, anyway, everything is still speculation. If I have to bet, I would rather choose to respect the halving and its previous cycles.All of these are processes and previous cycles are a snapshot of how the bitcoin price will go.
So, what makes you want to hold or add more accumulation?Because of what I have learned about it, to increase in price when hodl for long. Bitcoin has a history of increased prices. Take for instance, the early stage of bitcoin, bitcoin was at a low price, and as time progressed, it began to skyrocket in price, hitting a new ATH in every halving season(4-year intervals). However, I anticipate an increase price this year since the past halvings have it that bitcoin tends to increase months after the halving season
Halving charts follow is useful if you want to know the general direction, but each session contains unique variables, which makes the results similar, but not identical, so you should assume that from the next 10 month until the end of next year, we will have a price between 130k to 180k, may increase or It decreases, but this is the extent of the price, and then the differences between ATH, is it a low thing like 130k or a high thing like +180k.Some people definitely have a lower target than $130k for their trading needs, in fact I'm sure quite a lot will want to sell Bitcoin at the $100k level if they feel the bullrun phase is taking too long to come.
It'd be great if it's true, but previous event doesn't guarantee future event. So personally i don't believe same pattern will always happen. And this chart analysis doesn't consider major event (such as SegWit activation and BCH hard fork on 2017).there is a light now because look at the movement now . it seems like OP's sharing is coming to close in what is happening now meaning we are close in repeating itself?
I still do not understand the alternative, like what alternative is there aside from trusting that we will have that? I think the pattern will be similar, a good rise with time over course in the future, something closer to the year end when the price still goes up, and that will be something that could take some time. So by the end of this year we are going to have a start of bull run, and it will spill over the early days of the new year, and by spring of next year we are going to have a huge increase eventually. This is what we should be considering, it will definitely have something that will benefit everyone for sure. That will be the pattern most likely.Well most of us would believe that the pattern would still be the same, because we have seen it before and most likely it will still happen again.
Actually, whatever happens, our goal is to make a profit, and now we have actually made a profit, but we still see that there is a big opportunity for even bigger profits. As long as we still hold, it means we still believe in that pattern, because there is no other reason for holding other than our belief, right?That is the truth, we are holding for profit and we have the idea how patterns work for bitcoin for the past bull runs that it has been. If you are impatient, you will sell at a low price but if that has satisfied you, no one is going to stop you from that sale. But many of the holders have decided to wait until we see 6 digits.
Actually, whatever happens, our goal is to make a profit, and now we have actually made a profit, but we still see that there is a big opportunity for even bigger profits. As long as we still hold, it means we still believe in that pattern, because there is no other reason for holding other than our belief, right?That is the truth, we are holding for profit and we have the idea how patterns work for bitcoin for the past bull runs that it has been. If you are impatient, you will sell at a low price but if that has satisfied you, no one is going to stop you from that sale. But many of the holders have decided to wait until we see 6 digits.
~Profits. Nothing more.
So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?
Re: Halving - Do you still believe in the previous pattern?Yes, and I've seen it 2 times already. During the 2017 bull run and the 2021 bull run.
Therefore, I am even sure that some people feel motivated by the brightness of Bitcoin in the future considering that this seems to be a special encouragement for people who have felt a little loss recently. I also have the same belief as you, where predictions based on history cannot be 100% accurate, but at least this gives us another view that there is a few percent possibility of historical data becoming a benchmark again because we always see ATH always related to the Bitcoin halving.You are right, this prediction if not 100% accurate but at least they give us some idea or hope that this could happen, or there is a slight chance of it to happen. I have a bad history with charts like these, i.e when I was a newbie and did not have good knowledge of crypto, I took these charts for granted and thought that, its already been happened in 2016 (in this case) and chart is making the same pattern again, if I would be a newbie today, I would even say the pattern was noticed on Monday in 2016 and its also noticed on Monday in 2024 haha.
As @Lucius said, we must be prepared for unexpected circumstances. The ETF ahead of the halving did change the pattern a bit, but we still don't see much in terms of future surprises. Keep our eyes on the market and also several news portals to get updates regarding Bitcoin movements.Yeah, market's behavior is 50% depends on the mindset of the holders and investors, so if we are keeping patience and belief in the market that if will follow the same patterns as before, like ATH/Bull Run after the halving then it will repeat that pattern again in this cycle too.
That's absolutely correct.Actually, whatever happens, our goal is to make a profit, and now we have actually made a profit, but we still see that there is a big opportunity for even bigger profits. As long as we still hold, it means we still believe in that pattern, because there is no other reason for holding other than our belief, right?That is the truth, we are holding for profit and we have the idea how patterns work for bitcoin for the past bull runs that it has been. If you are impatient, you will sell at a low price but if that has satisfied you, no one is going to stop you from that sale. But many of the holders have decided to wait until we see 6 digits.
And this is actually very related to the target that we set at the beginning, for example we have reached the point where the target we have set, then it is legal when we sell it.Actually, whatever happens, our goal is to make a profit, and now we have actually made a profit, but we still see that there is a big opportunity for even bigger profits. As long as we still hold, it means we still believe in that pattern, because there is no other reason for holding other than our belief, right?That is the truth, we are holding for profit and we have the idea how patterns work for bitcoin for the past bull runs that it has been. If you are impatient, you will sell at a low price but if that has satisfied you, no one is going to stop you from that sale. But many of the holders have decided to wait until we see 6 digits.