Post
Some people saying BTC will take an entire year to get back to 74k.
I don't think that's true at all.
Bull market starts after the halving, and BTC usually recovers ATH 3-6 months after the halving, as seen below. We should not expect a different behavior this time, at least not without a really good reason and proper explanation.
Actually, this halving has been the least damaging to BTC's price so far, so either we are up to a fast recovery, or story is still to unroll with more and more BTC crashes ahead.
Personally, I think 48k would be a good BTC target for the halving, and after that we should enter an uptrend.
And yup, it's possible for BTC to crash 40% of its price in a single day, as we have seen 4 years ago, one day after the Halving. Not sure whether this will happen this time too though.
I don't think that's true at all.
Bull market starts after the halving, and BTC usually recovers ATH 3-6 months after the halving, as seen below. We should not expect a different behavior this time, at least not without a really good reason and proper explanation.
Actually, this halving has been the least damaging to BTC's price so far, so either we are up to a fast recovery, or story is still to unroll with more and more BTC crashes ahead.
Personally, I think 48k would be a good BTC target for the halving, and after that we should enter an uptrend.
And yup, it's possible for BTC to crash 40% of its price in a single day, as we have seen 4 years ago, one day after the Halving. Not sure whether this will happen this time too though.