We have seen the price of Bitcoin in 2021 at 69 thousand. That was the highest price increase in Bitcoin history. In between, the price of bitcoins gradually decreased to 15,000. From the current bullishness of the market we can say with certainty that the price of Bitcoin will turn into a bull market next year as the Bitcoin halving awaits. Then the value of Bitcoin will exceed 1 lakh dollars.
With each subsequent halving, the price of Bitcoin significantly increases its previous price record for approximately eight months after this event. Since it was previously priced at approximately $69,000, this time I expect the price to be around one hundred thousand dollars. Many people are talking about one million dollars, but it is unlikely to be achievable next year. That goal may not even be this decade, if Bitcoin is ever able to reach that price.
While many are assuming that the Halving effect will take place this year and looking for 100 thousand dollars and up price for Bitcoin yet remember that there is this 4 year cycle period in which will takes place in 2025 and not 2024 , meaning there is a certain percent to believe that this year will be functional but may not record the new ATH.
by which i also tries to believe and may consider waiting not this year to sell out but in the next year.
though we all have our rights and belief so act accordingly to what you think will happen .
Truth be told, I have high expectations for Bitcoin with its halving, the truth is that the ETF is very motivating because obviously the bears can turn out for the better in their movements, but whether they are approved or not, I firmly believe that bitcoin will have a new price and probably a new ATH, of course I am assuming all this considering that in the past Halving was the way that started the price of Bitcoin, which did not trigger any season of highs, only of pure bitcoin, then I have my hopes pinned there because many Things are changing, adoption is an issue, in fact many countries are extremely assertive that Bitcoin will revolutionize the financial system, so they are looking for regulatory policies.
And although I am a pro-bitcoin person and always very optimistic, since I also touch earth, this does not mean that it is a fact that if it goes up because it is the pattern, it can do it all at once or wait some time to do it, that is what I think. It may happen, but expectations on the part of many are very high.