The countdown to the bitcoin halvimg is fast approaching, when the reward for mining is cut in half, and basically Halvings reduces the rate at which new coins are created and thus lower the available amount of new supply. I think that this upcoming event will positively bring about price increases towards the start or after the having has occurred. On which ever ways, whether before or after the halvimg, I think 2024, may bring a new All Time High. What do think?
Bitcoin has its interesting history that with each halving, it has a big bull run. With each big bull run, it makes a new all time high.
So far, it is a voice of history and if nothing will be broken in 2024 and 2025, Bitcoin will have a new all time high. I believe it can be achieved by Bitcoin and history won't be broken in this cycle.
However, I only wonder how high will a new all time high be?
If it is only $70,000, it will be a very disappointed all time high for many speculator even it is about 56% increase from now.
I believe many people speculate a 100% increase from 2021 all time high and they think Bitcoin will have a new all time high $100,000+