⭐ BITCOIN HALVING COUNTDOWN ⭐️
Hello,
Wishing everyone a prosperous weekend with the most anticipated event in 4 years: bitcoin halving.
I am senbai.
I wonder if everyone is like me?
I don't dare to spend money to buy any coin except #BNB #ETH #SOL when the price is low.
BTC is predicted to dump strongly after halving. Believe it or not, I don't think that after halving BTC will grow strongly immediately. Even if there is an increase, it will only increase due to the temporary psychological euphoria effect of the crowd or the whales and crew pushing up the price.
BTC price increase requires 2 combined factors:
• The number of BTC mined decreases, after halving, it takes enough time for miners to no longer put pressure on the price when selling the amount of BTC mined (at least 2~5 months after halving). Gradually, the selling force decreases and the price cannot increase.
• The market's demand to buy BTC increases: this factor is in excess. The clear sign is that BTC surpassed its old peak a month before the halving. As long as BTC becomes more scarce, selling pressure from miners, as well as whales will no longer take profits, BTC price will grow strongly again. Nothing can stop BTC growth unless World War 3 on a large scale.
If it were just a war between the two countries IRAN-ISRAEL, it would be no different from a war between RUSSIA and UKRAINE. There is an impact but not significant.
For the above two reasons, based on experts' predictions and the current situation. I boldly predict #BTC will rise to 100K$ in July~October 2024. Peak in October~December and crash down to ~60K$ in early 2025.
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The above are just personal opinions and not investment advice. Wishing you prosperity in the uptrend season🍀