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Author Topic: BTC Prediction - $100k or Below $20k?  (Read 7830 times)

Offline Learn Bitcoin

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Re: BTC Prediction - $100k or Below $20k?
« Reply #105 on: May 23, 2024, 04:07:07 PM »
I agree. $150k or more is definitely possible, especially because this halving year is different from prior halving years. It generates new ATH prior to halving, as opposed to its previous movements, which occurred after halving. As a result, we learn that small and large investors in this market are expecting the price to do the same as in the past. They are accumulating Bitcoin before the halving because they believe the price will skyrocket. If we look at its previous halving in May 2020, the price generates new ATH and jumps by $600%, how much more in this halving year.

The next 18 months will be crucial for the Bitcoin holders. Either we will see a massive bull run coming up with is 90% guaranteed, or we may have to wait a little more. One of the reason is, the government is positive with the cryptocurrency at this moment. It's been a couple years the companies tried to pass ETF approvals, but the SEC was always declining. But, this is the year ETF was approved and I am positive about it.

The next step is ETH ETF approval and it seems the SEC is positive about it as well. If SEC approves ETH ETF, then we will enter to the bullrun for a while and I guess most of the OG people make a lot of money. Just HODL.
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Re: BTC Prediction - $100k or Below $20k?
« Reply #105 on: May 23, 2024, 04:07:07 PM »

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Offline Aanuoluwatofunmi

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Re: BTC Prediction - $100k or Below $20k?
« Reply #106 on: May 23, 2024, 10:41:06 PM »
With where we are currently and from the way of the market recent performance, there is no likely possibility for dip market for now, all we could have is with the experience on the sustainability of the bull market all through, and if we are going dip, that may not have to be something coming sooner, instead, we are going to have it more bullish and little bearish till we are done with the season.

Offline UNIVERSE

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Re: BTC Prediction - $100k or Below $20k?
« Reply #107 on: May 24, 2024, 10:22:22 AM »
The halving is not the only thing that contributed to the bitcoin price pump or rise; the possibility of the bitcoin price going up also plays an important role in that aspect.
 
The Bitcoin price even dropped immediately after the Bitcoin ETF approval, as if it were the perfect selling point for those who bought earlier. Whatever might be triggering the price, what I know is that before the 2nd quarter of 2025, Bitcoin will be worth $100,000 and above.
Of course, halving is only one of the factors that trigger the increase of Bitcoin price in the bullish season. News also can influence the trend of Bitcoin, it also can trigger the price decreasing or increasing. The news can make the demand higher or lower, it should bring impact on the price.

ETF issue is one of the example of the news impact. After Bitcoin ETF was accepted, it was not difficult for Bitcoin to create a new ATH. If we have no ETF news/issue, I think we may not reach the new ATH now. Ideally, the new ATH will be achieved in the second year of the bullish season, but it was achieved before the halving in this season.


Offline koang

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Re: BTC Prediction - $100k or Below $20k?
« Reply #108 on: May 24, 2024, 03:39:06 PM »
With where we are currently and from the way of the market recent performance, there is no likely possibility for dip market for now, all we could have is with the experience on the sustainability of the bull market all through, and if we are going dip, that may not have to be something coming sooner, instead, we are going to have it more bullish and little bearish till we are done with the season.

The most gains realized on Bitcoin always come after the halving, and the scarcity is starting to show its effects with rising demand and decreasing supply.
But we should not get caught up in fiat standards when looking at the price of Bitcoin, the price is a barrier for people who are getting in late and want to own the whole Bitcoin.
Bitcoin is still earlier than most people think, and Bitcoin is a store of value.
Holding money in BTC will more better than cash savings.

 

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