Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

[sirty143]

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving... See more for yourself here.

Your opinion is greatly appreciated.

[yohananaomi]

I have details that might be used as a comparison for those who want to analyze well;

Halving 1
November 28, 2012
Highest price 2013, November $ 1,127

Halving 2
9 July 2016
2017 high, December  $ 19,665

Halving 3
12 May 2020
Highest price (estimated 2021)

now is it true that the third halving will be able to change bitcoin or even decrease, but usually after the halving there will definitely be a change.

[Tanimariya]

There is a lot of research going on in the bitcoin market. Halving is going on. I don't think the price of bitcoin has risen because of this halving. Halving is in place in Halving but Bitcoin prices have not risen. So I don't think halving is acceptable. Many predict that halving will cause a lot of price increases. But have their predictions come true? Their predictions were not accurate. So I think you should think carefully before making these predictions. I have no side effects about bitcoin. But there are positive thoughts.

[ryap12]

Nyeeee I dont think sooo.. $340,000 USD for 1 BTC is too much and too early. Possible price it may reach next year will be at $50,000 USD basing from my speculation. Going up 2800% next year is just damn too crazy. Reaching $50,000 will make people start selling already. Imagine the market capitalization if BTC price reaches $340,000 USD.

[jet]

Nyeeee I dont think sooo.. $340,000 USD for 1 BTC is too much and too early. Possible price it may reach next year will be at $50,000 USD basing from my speculation. Going up 2800% next year is just damn too crazy. Reaching $50,000 will make people start selling already. Imagine the market capitalization if BTC price reaches $340,000 USD.

I'm not convince even at $50K, BITCOIN will struggle so hard to reach or to get close to this level. People are just crazy predicting when price started to pump inorder to create hype and influence market movement. Have we not seen the prediction at the year 2018 when market goes bearish for a long time. isn't they say that its the end of bitcoin?
people are crazy saying the end of btc many countries ban btc. there are lot of news say, bitcoin was use to scam people. so many negative news feeding to create negative impact to btc. A lot of people says, it the end of bitcoin.

Now, that BTC is starting to show interesting movement upwards, news like this are fueling the market to hype. at the end of the day, many people loss their money.

[Fenix]

Nyeeee I dont think sooo.. $340,000 USD for 1 BTC is too much and too early. Possible price it may reach next year will be at $50,000 USD basing from my speculation. Going up 2800% next year is just damn too crazy. Reaching $50,000 will make people start selling already. Imagine the market capitalization if BTC price reaches $340,000 USD.

This forecast is more realistic. Charts and diagrams are one thing, but the realities of life are completely different. If by the end of next year bitcoin rises to $ 50,000 and does not fall back sharply, as in the first half of 2018, then the price effect of the halving of bitcoin can be considered. The bitcoin price of $ 340,000 is completely unrealistic.

[Gubre]

I wonder why there are many post about this speculation. Such kind of numbers even few can create big possibility so I think the chance is always relies to those who keep on believing this fortune.

[TERMINO]

I really hope that halving cycle will not change because things might change unexpectedly or automatically. If Bitcoin bull run will occur in 2021 then possible $340,000 will achieve with the help of some whales. Expected that cryptocurrency will bullish.

[krypto4uvak]

This will happen. I'm 90% sure. Because you and I see how it becomes more and more popular every year. So you have to wait and hope.

[shadowdio]

If that happens I wonder how much transaction fee bitcoin is?..  I don't think if bitcoin reach that high price because people can't stand of the high fees.. Well let's see that in the future.

[Gurujebs]

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving... See more for yourself here.

Your opinion is greatly appreciated.

If you have been in crypto since 2016, you will know better than any noobs when they try to make unnecessary price predictions. I mean, how can you sit in one corner and say unrealistic things just for craving attention.
Bicton never stayed more than 24hours on $20k in the last bill run because it was fomoed and many sold as some unforseen circumstances set in. I still stand below 20k till further notice

[ayatoslaw]

If the bitcoin price reaches 340k usd, then it is very far from my estimation, but if that happens then it is a happy moment for investors because it has a very large profit, and I'm not sure what if the bearish trend starts after the bullish trend? how many people will lose their money buying bitcoin at the highest price of 340k usd.

[TomPluz]

Halving is an overrated factor relative to the price of Bitcoin. The real factor for the rise of Bitcoin is more adoption by the people, the coming in of institutional money, recognition by many governments and its continuing innovations in the face of many challenges. Sure, halving can be a synthesis or something that can push but as we are seeing now it is not that powerful anymore. Halving is on the side of supply, but we are  already sure that there is only 21 million of the coin that can come into circulation, halving or not that number is already fixed. Plus we know that only around 30% of the available BTC are openly traded most of the coins are being held for the long-term, not to mention what Satoshi Nakamoto is holding.

[ayatoslaw]

Halving is an overrated factor relative to the price of Bitcoin. The real factor for the rise of Bitcoin is more adoption by the people, the coming in of institutional money, recognition by many governments and its continuing innovations in the face of many challenges. Sure, halving can be a synthesis or something that can push but as we are seeing now it is not that powerful anymore. Halving is on the side of supply, but we are  already sure that there is only 21 million of the coin that can come into circulation, halving or not that number is already fixed. Plus we know that only around 30% of the available BTC are openly traded most of the coins are being held for the long-term, not to mention what Satoshi Nakamoto is holding.

yes, halving and market demand will determine this moment, if one of them is not there, it will be in vain,
and due to the pandemic outbreak there is a high probability that cryptocurrency will become an alternative as a means of payment, and this is the time for bitcoin to be known by many people.

[ShadowCrypto]

BTC drops significantly then it starts to rally. i think we are in a bull market and every bull market has its corrections. its just crazy the way it goes up and down.