Halving - Do you still believe in the previous pattern?

[UNIVERSE]

Someone gave their views on Bitcoin price movements after the halving via their social media account. He is a trading expert from my country and also actively provides signals for paid trading.

I know where you get the source, I also quite often reading the information from Ayoung Lam. Sure, he is one of an experienced trader, he has good knowledge about crypto as well. I think you also often monitor Kapten Crypto 707, he is also an experienced and successful trader in our country. 

We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation?

It is true, the pattern of price movement in this cycle looks having the similarity with the previous halving in 2018 - 2021. But it is not really the same because Bitcoin can reach the ATH before the halving. So, we can assume the peak of Bitcoin price in the current season may be faster than the previous season. During this year (2024), I think it is better to keep holding. We can consider to sell in the early of 2025.

[hugeblack]

Halving charts follow is useful if you want to know the general direction, but each session contains unique variables, which makes the results similar, but not identical, so you should assume that from the next 10 month until the end of next year, we will have a price between 130k to 180k, may increase or It decreases, but this is the extent of the price, and then the differences between ATH, is it a low thing like 130k or a high thing like +180k.

[Wiseman]

I don't sponsor anything here and I don't want you to make decisions based on my posts. do so at your own risk

You say everything correctly Bitcoin repeats the graph every year, especially the graph when it starts to divide. I think that this is not just like that and not a coincidence. Namely, certain manipulations of whales that with the help of such manipulations you earn large sums of money from the resale of Bitcoin.

[akeemqaz]

Honestly. I don't expect previous pattern. But I expect a bull market bigger than previous ones.
There are more coins these days, and with all these, Bitcoin still dominates more than half of the crypto market valuation.
To me,  I expect a bull run. And these time, I'm gonna pair some with some stable coins on Bitget smart portfolio to automatically take profit as it goes further up..

[yhiaali3]

For me, I believe that history repeats itself. In all previous Bitcoin cycles we saw the same pattern, but this cycle it was a little different as we witnessed the ATH before the halving, so I do not know whether history will repeat itself this time or not. In any case, we still have plenty of time.

According to the opinions of most of the analysts I follow, we will get a new ATH, but this requires more time, perhaps a few months. Most likely it will be the end of this year and the beginning of the new year.

In the end, we must know that these are all predictions and anything unexpected can happen that changes the course of predictions.

[Zed0X]

I remember that trader's name when I was still actively following prices on an almost daily/weekly basis. He seems reliable unlike those who only appear during bullruns but, anyway, everything is still speculation. If I have to bet, I would rather choose to respect the halving and its previous cycles.

BTC is not going away, not after ETF approval/s and becoming legal tender in some countries.

[Gurujebs]

Honestly. I don't expect previous pattern. But I expect a bull market bigger than previous ones.
There are more coins these days, and with all these, Bitcoin still dominates more than half of the crypto market valuation.
To me,  I expect a bull run. And these time, I'm gonna pair some with some stable coins on Bitget smart portfolio to automatically take profit as it goes further up..

We all expect good things later but please don't leave your coins on the exchange, there is risk in doing that. You don't have to leave your coins on the exchange, you can keep them on your personal wallet and when you think your price target us been reach, you can simply sell your coins and you don't have to go to centralized exchange to even do that, you can simply sell your coin on any decentralized platforms where you don't need to keep your coins and you will be fine. Remember, only a consistent trader leave coins on the centralized exchanges.

[taufik123]

I remember that trader's name when I was still actively following prices on an almost daily/weekly basis. He seems reliable unlike those who only appear during bullruns but, anyway, everything is still speculation. If I have to bet, I would rather choose to respect the halving and its previous cycles.

All of these are processes and previous cycles are a snapshot of how the bitcoin price will go.
People who are too skeptical of bitcoin's decline after the halving, of course, they don't know how the previous cycle happened.

It's not always the same, but bulls will soon arrive and bitcoin will start getting rid of those who don't believe.

[Aanuoluwatofunmi]

The previous pattern still works on halving, even though there might be some slightly changes observed from the way it occurs, we cannot still deny the other benefits and information in which were being sourced out from the previous halving event, these are the constitutes to the speculations we made on knowing how effective a market strategy could perform and move towards a particular season.

[vegasus]

Aside from the chart, I personally want that the history repeats again. Yes, even though the cycle may not be exactly the same as before, in general it will follow. However, what comes to mind is the ATH achievement this season which is really different from the previous season, namely before the halving occurred. Therefore, will this also change the cycle later? Or does it actually make this season's cycle much better because there is the possibility of advancing to the peak season of the bull run?

[LUCKMCFLY]

Well what I think is that this trader is very correct in his opinion, but I wonder how he would come to that conclusion, because he has a very good vision of the market, of course I thought he would reach more than $100k this year, but apparently Well, since this has not happened yet, and it is only the Halving effect that we are talking about, there are still many things that can happen , of course we cannot forget that when we talk about what can happen with wars it is a topic that anyone cares about. It makes your hair stand on end and greatly affects the markets, Causing investors to panic.

[Agbe]

Everything has changed so we can't use the previous year halving to determine this aftermath halving again because things started changing before the halving and all the predictions were void and null. No the aftermath prediction is $100k and some investors are still saying that the price will not go up again because this this year the price has hit All Time High twice. But let's see what will happen at the end of the year.

[Captain Corporate]

I still do not understand the alternative, like what alternative is there aside from trusting that we will have that? I think the pattern will be similar, a good rise with time over course in the future, something closer to the year end when the price still goes up, and that will be something that could take some time. So by the end of this year we are going to have a start of bull run, and it will spill over the early days of the new year, and by spring of next year we are going to have a huge increase eventually. This is what we should be considering, it will definitely have something that will benefit everyone for sure. That will be the pattern most likely.

[JoyMarsha]

So, what makes you want to hold or add more accumulation?

Because of what I have learned about it, to increase in price when hodl for long. Bitcoin has a history of increased prices. Take for instance, the early stage of bitcoin, bitcoin was at a low price, and as time progressed, it began to skyrocket in price, hitting a new ATH in every halving season(4-year intervals). However, I anticipate an increase price this year since the past halvings have it that bitcoin tends to increase months after the halving season

[bayu7adi]

Halving charts follow is useful if you want to know the general direction, but each session contains unique variables, which makes the results similar, but not identical, so you should assume that from the next 10 month until the end of next year, we will have a price between 130k to 180k, may increase or It decreases, but this is the extent of the price, and then the differences between ATH, is it a low thing like 130k or a high thing like +180k.

Some people definitely have a lower target than $130k for their trading needs, in fact I'm sure quite a lot will want to sell Bitcoin at the $100k level if they feel the bullrun phase is taking too long to come.

You're right, this candlestick chart will never be the same as before, but it has several similarities that make the movements slightly similar. I will be even more confident in Bitcoin if the next bullrun is able to break the $100k level, where the possibility of reaching the $130k, $150k and $180k levels sounds more reasonable.