Why is Bitcoin price dumping before Bitcoin halving?

[Aanuoluwatofunmi]

As at this time, we can say that we are having experience with the bitcoin market pump, since we have already landed at $50,000 ever since we have been dip toas low as $15,000 we can see how the market is well performing as at present, we still have more hope to seeing the market pumping to $60,000 or close to before or after the halving, then we later launch into the bullrun for more market pumps as we have expected.

[Metha Wulandarin]

As at this time, we can say that we are having experience with the bitcoin market pump, since we have already landed at $50,000 ever since we have been dip toas low as $15,000 we can see how the market is well performing as at present, we still have more hope to seeing the market pumping to $60,000 or close to before or after the halving, then we later launch into the bullrun for more market pumps as we have expected.

That's how it should be not always pumped up and not constantly declining. If I pay attention every time BTC touches the highest price in the year, BTC will definitely experience a decline, and this has happened several times. After BTC touched the highest price in 2021 at $69k and experienced a decline to $16k, this is almost 75% of the change from ATH to ATL after halving in 2021, and if BTC halves this year, BTC can touch the price of $80-90k, and depending on how much decline in the following year, it might be able to go down to $30k or $40k.

[yohananaomi]

Corrections will always occur before or after the halving, because during the correction whales will buy Bitcoin again. This always happens in every season.
 I also believe, by looking at the current price of Bitcoin, Bitcoin will exceed the previous ATH.

Yes, even though it is currently increasing, it is not impossible that there will always be a correction before the halving and after the halving. Where there are many roles that occur in this correction and perhaps what you say is true is that whales also play a role in all this happening.
But it remains that bitcoin will reach its best price in time and a renewable ATH will occur, so don't be afraid to keep buying and holding until the time comes

[Jamal Aezaz]

Bitcoin price reduces before halving and we have seen this dip many times like the price of 26k$ after which it increased to 42k$ and again reduced to 39k$ so I think these all changes are a constant part of bitcoin and we cannot deny it.

But now the market is in a good condition as it touched the value of 52k$ which implies to the fact that we are in a secure stage before halving. But still there is no surety that we will not face any decrease in value of bitcoin as alteration is a basic part of crypto market and until halving there will be huge changes happen in market.

[Metha Wulandarin]

Bitcoin price reduces before halving and we have seen this dip many times like the price of 26k$ after which it increased to 42k$ and again reduced to 39k$ so I think these all changes are a constant part of bitcoin and we cannot deny it.

But now the market is in a good condition as it touched the value of 52k$ which implies to the fact that we are in a secure stage before halving. But still there is no surety that we will not face any decrease in value of bitcoin as alteration is a basic part of crypto market and until halving there will be huge changes happen in market.

Yes that's right, the ups and downs of Bitcoin before halving are natural as well as those who buy and those who sell it now depends on which one is stronger between the seller and the buyer, earlier I saw Bitcoin touching the price of $57k on the Binance market less $12k more to touch ATH this can be said bitcoin is in good condition.

[UNIVERSE]

Bitcoin price reduces before halving and we have seen this dip many times like the price of 26k$ after which it increased to 42k$ and again reduced to 39k$ so I think these all changes are a constant part of bitcoin and we cannot deny it.

But now the market is in a good condition as it touched the value of 52k$ which implies to the fact that we are in a secure stage before halving. But still there is no surety that we will not face any decrease in value of bitcoin as alteration is a basic part of crypto market and until halving there will be huge changes happen in market.

Bitcoin prices have indeed retested to certain rates several times so far. And that's why it's very natural if Bitcoin prices experience a little dumping in the process. This is actually not too much of a dump, it's just that there are some market corrections which make the price of Bitcoin drop to a certain rate.

but in the end, this is really different because the price of Bitcoin continues to rise again. Even now, the positive trend of increasing Bitcoin is being felt very well. This is very good news for the positive trend of Bitcoin. Even though in the future the Bitcoin price may fall again before retesting to a higher price, this must be considered and requires very careful and adequate financial management.

[Baofeng]

Or maybe we can conclude that the dumping was just a correction? Because for this month alone, we are 42% up already.

And with that, we have see a new all time high before the halving, price is not at $64k and we still entering a new month and with this kind of bullishness and positive sentiments, I wouldn't be surprised to see that something new will happen to the market before the halving.

So market has evolved as well, it could be due to the ETF FOMO this year. And just imagine how big will be the bull run till 2024.

[TopT3ns]

Yes that's right, the ups and downs of Bitcoin before halving are natural as well as those who buy and those who sell it now depends on which one is stronger between the seller and the buyer, earlier I saw Bitcoin touching the price of $57k on the Binance market less $12k more to touch ATH this can be said bitcoin is in good condition.

Currently the price of Bitcoin has stabilized at $62k so there is a possibility for another price increase because the Bitcoin halving is getting closer and there are only a few days left, I believe Bitcoin this year could reach a price of $100k because of two events that are really triggering the growth of interest Bitcoin and will make Bitcoin increasingly difficult to obtain.

[Metha Wulandarin]

Yes that's right, the ups and downs of Bitcoin before halving are natural as well as those who buy and those who sell it now depends on which one is stronger between the seller and the buyer, earlier I saw Bitcoin touching the price of $57k on the Binance market less $12k more to touch ATH this can be said bitcoin is in good condition.

Currently the price of Bitcoin has stabilized at $62k so there is a possibility for another price increase because the Bitcoin halving is getting closer and there are only a few days left, I believe Bitcoin this year could reach a price of $100k because of two events that are really triggering the growth of interest Bitcoin and will make Bitcoin increasingly difficult to obtain.

What do you think is the right time to buy it and sell it?

After Bitcoin halving will Bitcoin form the same pattern as the picture above, from $68k down to $15k if Bitcoin makes a new ATH and if the price of Bitcoin is $100k approximately will go down to what price, if you reflect on the year that has passed.

[dekafee79]

Yes that's right, the ups and downs of Bitcoin before halving are natural as well as those who buy and those who sell it now depends on which one is stronger between the seller and the buyer, earlier I saw Bitcoin touching the price of $57k on the Binance market less $12k more to touch ATH this can be said bitcoin is in good condition.

Currently the price of Bitcoin has stabilized at $62k so there is a possibility for another price increase because the Bitcoin halving is getting closer and there are only a few days left, I believe Bitcoin this year could reach a price of $100k because of two events that are really triggering the growth of interest Bitcoin and will make Bitcoin increasingly difficult to obtain.

Every increase in the increase there will be a correction. Like when you say the price of Bitcoin $ 62K and it looks stable, it turns out there is a little correction until it goes down to $ 61k. This is reasonable, correction before going up to a higher number. My Bitcoin prediction will touch around $ 70k next week. Your target $ 100k will be achieved before the end of this year.

[doc]

Or maybe we can conclude that the dumping was just a correction? Because for this month alone, we are 42% up already.

And with that, we have see a new all time high before the halving, price is not at $64k and we still entering a new month and with this kind of bullishness and positive sentiments, I wouldn't be surprised to see that something new will happen to the market before the halving.

So market has evolved as well, it could be due to the ETF FOMO this year. And just imagine how big will be the bull run till 2024.

In fact, it can be predicted that currently bitcoin has touched $64K before the halving, it can be estimated that next year's new ATH will be more than $150K, this is only a prediction based on observing crypto market habits. The decline before dumping is normal, just a small correction.

[Cryptsafe]

The Bitcoin trend looks almost same every bear market before bull run. It is a norm that the price of Bitcoin always drops so that people can buy more of Bitcoin. I believe at this stage, there is always a market price manipulation by the whales to take advantage of the market situation to drop  down the price so they could accumulate more but at this point, one needs be careful and not sell off because they might miss the bull run out of panic selling of their Bitcoin as a result of fud.

[debra]

Every increase in the increase there will be a correction. Like when you say the price of Bitcoin $ 62K and it looks stable, it turns out there is a little correction until it goes down to $ 61k. This is reasonable, correction before going up to a higher number. My Bitcoin prediction will touch around $ 70k next week. Your target $ 100k will be achieved before the end of this year.

Indeed. A correction always follows the pump or increase. A correction is important to make a balance in the demand. I think it is very normal to see the correction around $60k - $61k. I think it is just a small correction. Since it is a small dump only, we can assume to see another pump in the near future. Yes, some people state that we may have a new ATH soon. $70k may be achieved in this month. And $100k may be achieved in Q4 of 2024.

[legend45]

Every increase in the increase there will be a correction. Like when you say the price of Bitcoin $ 62K and it looks stable, it turns out there is a little correction until it goes down to $ 61k. This is reasonable, correction before going up to a higher number. My Bitcoin prediction will touch around $ 70k next week. Your target $ 100k will be achieved before the end of this year.

Indeed. A correction always follows the pump or increase. A correction is important to make a balance in the demand. I think it is very normal to see the correction around $60k - $61k. I think it is just a small correction. Since it is a small dump only, we can assume to see another pump in the near future. Yes, some people state that we may have a new ATH soon. $70k may be achieved in this month. And $100k may be achieved in Q4 of 2024.

This is the same as my prediction, bitcoin will hit $70K next week, at the beginning of the month. And it is possible that $100K will be reached in Q3, when the end of the year we will see the price of bitcoin at $120K. Hopefully the prediction will come true.

[Metha Wulandarin]

The Bitcoin trend looks almost same every bear market before bull run. It is a norm that the price of Bitcoin always drops so that people can buy more of Bitcoin. I believe at this stage, there is always a market price manipulation by the whales to take advantage of the market situation to drop  down the price so they could accumulate more but at this point, one needs be careful and not sell off because they might miss the bull run out of panic selling of their Bitcoin as a result of fud.

As it stands now, it is very apparent that Bitcoin is again being played by Whale perhaps to delay the halving prematurely.
But everyone already knows that Bitcoin will experience halving, it seems that the current halving is not like halving in 2021 and no one knows Bitcoin will touch the highest price in how many dollars but if Bitcoin does not pass ATH this could be bad news.