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?
I think Bitcoin's new all time high will be in the year 2025 because during and after halving investors may possibly be observing the flow of transactions or the status of the market that time. Some say there's a congestion in the Bitcoin network that time and some other people say things will be normal so there really is no exact and accurate idea what will be happening that time but as long as we are able to hodl our Bitcoins then we're safe.
Yes, my prediction is that this 2024, we might break our last all time high which is $69k, maybe it could happen in the last quarter of the year. But the biggest run could be in 2025, wherein we will set a new all time high.
It's just a question on how big, majority including myself see that as conservative estimates, it could be in the 6 digits.
And it could be beyond as high as $180k, so it's really exciting times ahead for us guys.