why do you think 100k is possible after halving

[Legion]

Like I said many people thought 100k is possible after halving making them to put more efforts to accumulate bitcoin without following the historical data from the previouses. If people where so clever they wouldn't think 100k is possible immediately after halving even though ATH was achieve before halving that was a reason of something unusual triggers it to likely take effect before halving.

personally I believe there are numerous factors that give me the hopes of bitcoin hitting a 100k in some time. However I can't really say how soon. Firstly the reason a 100k price would be possible amongst many other factors, is the observation of bitcoin market trend. Bitcoin has over the years had the trend of pumping after some period of time when a new halving block has just been completed. If you should observe past trend you would notice that bitcoin usually dips shortly after the halving block and then after some time the dip is followed by a pump in price.
Infact we are already in the bear And according to the trend I mentioned , the best is to expect a bull market though telling how soon would be difficult.

I agree with this and look at the trend and the pattern shows on the chart it is a symmentrical bullish flag it is gradually dropping and then it would suddenly rise soon.
The only problem is we do not know when I am expecting it will rise and touch $80k this coming christmas before it hits $100k next year.
We always see a price surge every December based on the old data or around January it might happen again this coming Christmas and the new year if not then the previous data and Bitcoin price action is totally different from the past. If BTC didn't hit that price then the whole market is different since lots of things changed compared to the past, crypto is now regulated unlike before and more companies and traders joined to play the ups and downs of any crypto.

You are correct that chart analysis like the bullish symmetry flag helps in a rough estimation of the prices in future but more accurate timing is hard to determine. When it comes to long-term trends, history provides direction as to which way the market is likely to go – but cryptocurrency is not for the faint of heart due to the external factors that can really shake the market. It is important to emphasize that there are many factors that can have an impact on the tweak; some of those factors include the changes of the regulations, the participation of more companies, and the market shifts.

Which is why while the Historical data helps in making predictions but in crypto market there are numerous new parameters coming up most of which are not seen in historical data. That is; if Bitcoin does not get to this qualified price target by the next Christmas or next year, then, it will potential reveal a whole new world and factors that will define the price of Bitcoin in the market. To capture the future movements in the cryptocurrency prices it will be imperative to follow news as well as changes in the regulation and market forces.

[SmartGold01]

Like I said many people thought 100k is possible after halving making them to put more efforts to accumulate bitcoin without following the historical data from the previouses. If people where so clever they wouldn't think 100k is possible immediately after halving even though ATH was achieve before halving that was a reason of something unusual triggers it to likely take effect before halving.

personally I believe there are numerous factors that give me the hopes of bitcoin hitting a 100k in some time. However I can't really say how soon. Firstly the reason a 100k price would be possible amongst many other factors, is the observation of bitcoin market trend. Bitcoin has over the years had the trend of pumping after some period of time when a new halving block has just been completed. If you should observe past trend you would notice that bitcoin usually dips shortly after the halving block and then after some time the dip is followed by a pump in price.
Infact we are already in the bear And according to the trend I mentioned , the best is to expect a bull market though telling how soon would be difficult.

I agree with this and look at the trend and the pattern shows on the chart it is a symmentrical bullish flag it is gradually dropping and then it would suddenly rise soon.
The only problem is we do not know when I am expecting it will rise and touch $80k this coming christmas before it hits $100k next year.
We always see a price surge every December based on the old data or around January it might happen again this coming Christmas and the new year if not then the previous data and Bitcoin price action is totally different from the past. If BTC didn't hit that price then the whole market is different since lots of things changed compared to the past, crypto is now regulated unlike before and more companies and traders joined to play the ups and downs of any crypto.

You are correct that chart analysis like the bullish symmetry flag helps in a rough estimation of the prices in future but more accurate timing is hard to determine. When it comes to long-term trends, history provides direction as to which way the market is likely to go – but cryptocurrency is not for the faint of heart due to the external factors that can really shake the market. It is important to emphasize that there are many factors that can have an impact on the tweak; some of those factors include the changes of the regulations, the participation of more companies, and the market shifts.

Which is why while the Historical data helps in making predictions but in crypto market there are numerous new parameters coming up most of which are not seen in historical data. That is; if Bitcoin does not get to this qualified price target by the next Christmas or next year, then, it will potential reveal a whole new world and factors that will define the price of Bitcoin in the market. To capture the future movements in the cryptocurrency prices it will be imperative to follow news as well as changes in the regulation and market forces.

Do you think participation of more companies would give rise to bitcoin price? Well I don't think so, because bitcoin is always seasonal and when is the season it would definitely perform the way it should perform irrespective that lot of company are diving into bitcoin. Okay if this was scenario what then happened to bear run, even as more people keep buy at the dip the price seems not to even change from the dip to bull. What just happened is that every phase most complete it's season and when it is completed then the market would definitely change direction, where so no news effects the market and you just have to watch out the market very well to understand how it operates correctly. Though you could be right in your thought and imaginations but i think bitcoin is above what we feel and think is the cause.

[doc]

Do you think participation of more companies would give rise to bitcoin price? Well I don't think so, because bitcoin is always seasonal and when is the season it would definitely perform the way it should perform irrespective that lot of company are diving into bitcoin. Okay if this was scenario what then happened to bear run, even as more people keep buy at the dip the price seems not to even change from the dip to bull. What just happened is that every phase most complete it's season and when it is completed then the market would definitely change direction, where so no news effects the market and you just have to watch out the market very well to understand how it operates correctly. Though you could be right in your thought and imaginations but i think bitcoin is above what we feel and think is the cause.

What affects the price is demand and supply, if many companies come in and buy bitcoin I think demand will increase and we know the supply of bitcoin is limited of course the price of bitcoin will increase. but bitcoin is owned by many people, so the influence on the increase in demand requires large capital so if many companies buy bitcoin in large quantities, the price of bitcoin will increase.

[Wiseman]

In another topic I wrote that the price should be much higher and 100k is something invented by people and not justified by anything, personally I don’t do faith and now I see that the price can show completely different indicators, for example if you check the chart for 2018 and 2021, we will see a 3-fold increase in price, if we previously proceeded from this calculation, then the price should show at least 200k, but we see that the price can’t even go over 100k and many are already simply hoping that it will be at least 100k.

[ZAINmalik75]

I also have the same thought as you, buying now is the right time because bitcoin price has dropped to $54K, but is this already the bottom, or tomorrow morning bitcoin price will drop below $50K. Sometimes as an investor I face this dilemma, but I decide to buy some with my funds and will buy back when it drops further.

That’s the best strategy to follow buying in bulk isn’t as good as buying in parts. By investing in parts, we don’t have to fear the uncertainties, and we avoid facing any dilemmas. Whenever I have such a dilemma, I invest in parts.

After the last post, BTC has recovered from $54k to $56k, which is a big profit for large investors, but there’s still a chance for BTC to dump again. If we invested 10% at $54k, we’d be making some profit now. But if it dumps further, we can buy another 10%, and this way, when it recovers, we’ll make even more profit.

[Bobcrypto]

We are still in 2024, and we have a long time to pass through before 2026. All-time high is still coming while $100000 is still coming. I have speculated before that bitcoin may get to $170000. I am doubting it right now but I am not yet doubting $100000 because I still believe bitcoin can get to that price. We still have time for it to happen.

It is not certain that another All Time High may happen before the end of this year, but except you aline with Bitcoin circle or historical data, you may agree with me that another All Time High is not visible because Bitcoin may follow it existing circle of movements, though it is still difficult to predicting Btc price 100% accurate.
In addition, we may continue to see Bitcoin sideways movements, and anticipating to hit $75k level once again before the end of the year, 2024. I am not sure Bitcoin will hit $100k but hoping it touches $75k to $85k at most.

[kulkhan]

Bitcoin helving has been passed bat till now Bitcoin price is very low. Although who was hope after Bitcoin helving Bitcoin price will up and even it will Touch minimum $100k. But it happened to opposite of our thinking. We thought Bitcoin price will increase but you saw Bitcoin price down and down. Now Bitcoin price $57k. I think time has not been passed. I think in future Bitcoin price will increase. I believe Bitcoin helving I have effect. I think end of this year or first of 2025 we will saw real bull session. And then Bitcoin price will hit minimum $100k. Even it could be hit $150 i strongly believe it.

[rizqillah]

We are still in 2024, and we have a long time to pass through before 2026. All-time high is still coming while $100000 is still coming. I have speculated before that bitcoin may get to $170000. I am doubting it right now but I am not yet doubting $100000 because I still believe bitcoin can get to that price. We still have time for it to happen.

It is not certain that another All Time High may happen before the end of this year, but except you aline with Bitcoin circle or historical data, you may agree with me that another All Time High is not visible because Bitcoin may follow it existing circle of movements, though it is still difficult to predicting Btc price 100% accurate.
In addition, we may continue to see Bitcoin sideways movements, and anticipating to hit $75k level once again before the end of the year, 2024. I am not sure Bitcoin will hit $100k but hoping it touches $75k to $85k at most.

If I still believe the price of bitcoin will touch ATH $ 100K, but that will happen next year. It is possible that by the end of this year bitcoin will touch ATH $ 75K or even $ 80K, this is just a prediction. Maybe many still doubt that bitcoin will reach the ATH, but later the market will prove that bitcoin is still strong.

[Parzival204]

most people will expect that BTC will reach 100k after the halving. and this is not without reason. as stated by Trump in his speech that he will fully support crypto currencies. especially BTC. maybe with Trump's rise in the next election it will be good news for BTC investors

[nakmantu99]

If I still believe the price of bitcoin will touch ATH $ 100K, but that will happen next year. It is possible that by the end of this year bitcoin will touch ATH $ 75K or even $ 80K, this is just a prediction. Maybe many still doubt that bitcoin will reach the ATH, but later the market will prove that bitcoin is still strong.

Bitcoin will be strong as long as there is no bad news attacking it, I also still believe bitcoin will reach ATH 4100K because that is what I am targeting to sell my bitcoin during bullish season. but we also have to wait for the global economic conditions next year and the US election because this will also affect the crypto market.

most people will expect that BTC will reach 100k after the halving. and this is not without reason. as stated by Trump in his speech that he will fully support crypto currencies. especially BTC. maybe with Trump's rise in the next election it will be good news for BTC investors

Hopefully Trump will win and realize his words that he will support BTC, because the US election will take place in November and we will see the market reaction at that time. Because anything can happen, so we should always monitor the market and the news that is circulating.

[elrozaqo]

Bitcoin helving has been passed bat till now Bitcoin price is very low. Although who was hope after Bitcoin helving Bitcoin price will up and even it will Touch minimum $100k. But it happened to opposite of our thinking. We thought Bitcoin price will increase but you saw Bitcoin price down and down. Now Bitcoin price $57k. I think time has not been passed. I think in future Bitcoin price will increase. I believe Bitcoin helving I have effect. I think end of this year or first of 2025 we will saw real bull session. And then Bitcoin price will hit minimum $100k. Even it could be hit $150 i strongly believe it.

Keep hold of your bitcoin, dude. because the bullish season is still happening next year and we have to stay calm because based on previous experience we will always experience bearish before the bullish season a year before the bitcoin halving.

[Aanuoluwatofunmi]

We can have more than hundred thousand dollar with bitcoin market price after the halving event, this is also possible anytime from now till the year ends, because we are still under the influence of the post halving market volatility experience and anything can happen from now henceforth, we only may not be able to predict on when the market is get to the expected target, but we hope to see that we achieve a all time high some above hundred thousand dollars.

[Zed0X]

most people will expect that BTC will reach 100k after the halving. and this is not without reason. as stated by Trump in his speech that he will fully support crypto currencies. especially BTC. maybe with Trump's rise in the next election it will be good news for BTC investors

It could contribute to the price increase but Trump came in later in the game. The $100K (or six digits) speculation started before he started to include crypto in his campaign speeches or before the launch of his NFTs.

[alltalk]

We can have more than hundred thousand dollar with bitcoin market price after the halving event, this is also possible anytime from now till the year ends, because we are still under the influence of the post halving market volatility experience and anything can happen from now henceforth, we only may not be able to predict on when the market is get to the expected target, but we hope to see that we achieve a all time high some above hundred thousand dollars.

Just look at the current price! It is only around $57k. I know it is not impossible to be $100k but it should take time to reach that price. It won't suddenly to be $100k in few weeks only. IMHO, there is a small chance to be $100k in the next 2-3 months. If it will be $100k, I think it is probably in the next year.

Trying to be confident is okay but we must consider a realistic aspect. Sure, we have high volatility, some coins can increase hundred percentages in a short time. But it is altcoins, Bitcoin is quite different. Bitcoin won't increase suddenly like altcoins, it has a certain pattern of its price growth.

 

[bounceback]

Just look at the current price! It is only around $57k. I know it is not impossible to be $100k but it should take time to reach that price. It won't suddenly to be $100k in few weeks only. IMHO, there is a small chance to be $100k in the next 2-3 months. If it will be $100k, I think it is probably in the next year.

Trying to be confident is okay but we must consider a realistic aspect. Sure, we have high volatility, some coins can increase hundred percentages in a short time. But it is altcoins, Bitcoin is quite different. Bitcoin won't increase suddenly like altcoins, it has a certain pattern of its price growth.

 

Learned more from several time halving edition, not guarantee few months later after halving bitcoin have good progress raise to higher price and most dominance with correction.
I think many people huge speculated with bitcoin will raise up to $100k after halving but the fact have to see bitcoin drop under $57k or more than 30% correction from ATH price.
Right now many aspect can bring negative or make people panic for selling their bitcoin assets, bad news any where make difficult to see bitcoin will raise $100k although its not impossible but taken longer time than our expectation waiting for set up target sell bitcoin assets.