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Bitcoin Forum / Re: BTC halving event - What can we expect?
« on: March 18, 2024, 09:24:51 AM »If you look at the history of Bitcoin price movements, it is currently at a high price and if it enters at the current price then there is the potential for being trapped. I prefer to keep waiting until the price of Bitcoin falls back to $20k again and you can buy as much as possible. After that, store your wallet in the safest place because it will be stored for the long term, maybe 10 years.
We have seen few months back Bitcoin price dropping to $20k and then making a strong rebound. We can't say that Bitcoin may again go back to $20k this time. Even if that happens it will take considerable time.
Halving is about 33 days from today and already Bitcoin price is revolving around its ATH. Historically Bitcoin price goes up after halving but it takes time not immediately.
This halving is different from previous halving's may be because many people are waiting for this event.