BTC won't hit $120 before the next halving! What do you think?

Christmas is coming up. Just sharing my thoughts, don’t take it too seriously. I wanna hear about your experiences too!!!... Seems like a lot of folks are looking to sell some of their BTC and trade a bit. From my past experience, I really doubt BTC will hit $120 before the next halving. I’m sharing this based on my experience since 2017 when I faced similar situations. Feel free to share your own trading experiences and your history with BTC.

Let me get your clearly, do you mean "Will" or "Will not" ? Whatever, bitcoin has no tied with Christmas and so expecting the price within the festive period is a deep false hope for such expectant traders or investors. Bitcoin may also had showcased some calendar events in the past and may have been in lign of repetition but don't expect it to keep reoccurring to follow same calenders. Yes after bitcoin halving may triggered this bullish events which has also followed the custom of the bitcoin trends and as we've also seen a different trend in this season with the unusual price fluctuations that's already set analysts confused, that should serve as lesson that the market is unpredictable and market may change at an given event.

The answer is maybe yes, maybe no. Bitcoin is still looking for another high, and low. It's now trading at 91k, which is possible for Bitcoin to create a bear trap to bump back again to 100k. However, if you're seeing it from all time chart, it's very clear we're getting closer to the bearish market. So the assumption to never see Bitcoin to touch 120k until the next halving makes sense. Yet, your assumption may be invalid only if there will be another major event to come that can massively pump bitcoin's price. I remind you market ain't only being driven by TA, but it's also driven by FA.

What do you term as your experiences? That bitcoin will not break $120k before the halving? How certain are you of that? As far as I know, the price of bitcoin isn't predictable and that's part of the reason why instead of seeing bitcoin getting bullish towards the end of the year as most of us thought it would, we are rather seeing a bearish trend. The word Never depicts a certain level of certainty and that concells the fact that you can't be certain of what the price of bitcoin will be regardless of your degree of knowledge about bitcoin. Truth is that below $100k, it might seems that $120k is still a far distance to get to but in reality, it wouldn't take weeks for bitcoin to break that margin when it's time for it to do so. Saying that bitcoin won't get to $120k means that you're saying that bitcoin will never get to new ATH and we all know how false that statement is. It's just a matter of time but it's still certain that bitcoin will still get to a new all time high and with time, bitcoin will do the $200k and even surpass that.

Okay, so your prediction is based on pretty much nothing. The predictions we discuss here often fail, but at least some of them have some work behind them, such as a more detailed explanation and/or graphics to support them. But anyway, for entertainment purposes and to speculate on what might happen with the price, which is what this section is about, I'll tell you that based on my experience, I have no idea what might happen between now and the next halving. I can believe that the price will rise, that it will remain sideways, or that we have even entered a bear market, and you may be right. However, I don't expect crazy returns until then, like reaching half a million dollars.

The times from 2017-2023 are different from the time now. Don't forget that itcoin beat its $69k ATH before the 2024 shelving in April due to the ETF trading demand. There are certain things that are constant with Bitcoin, but Bitcoin is not static. The volatility goes both ways. The same way it can go down is the same way it can go up. There are no certainties when it comes to the bitcoin price. You might be right, I doubt it, but you might be right, and you might still be wrong. We should know better by now. I believe Bitcoin will get a new ATH before the next halving, except we have another FTX kind of saga. If all things stay constant, we will see another ATH. Bitcoin dropped about 30% and still made its way back to $90k. I don't think $120k is impossible for it.

In my experience, with a market as volatile and unpredictable as bitcoin, never say never and don't make any definitive statements. Anything is possible. So, as investors, what we need to do is always have a backup plan and never put ourselves in a position where we have to completely depend on a single scenario. A scenario is based on prediction and there is no guarantee it will happen. Don't forget that bitcoin hit an all-time high before the halving in this cycle, and that has never happened before. So don't be too quick to assert anything based on your past experiences.

Nobody can know about this but some people will say we are going to experience the winter season which will make the price of bitcoin to further go down. This is what I think also but I may definitely be very wrong but this is my speculation. There are some well known people that say bitcoin winter is not coming but I prefer to stay to my own analyses.

It may or may not happen but I'm leaning strongly towards Bitcoin breaking $120k before the next halving. Judging by how we've been seeing some dalliance around the $80-93k region for some time now, my best guess that come next year, a $100+ range would be achieved so that even if drops, we might not see it falling so low that it would hit $80k like it did this period.

Similar to OP, your prediction may or may not come true. Just because bitcoin has been stable at around $80k-90k for a long time doesn't mean this is the bottom of this correction, and it will soon rise again. Or even if bitcoin goes back to $100k next year or even this December, that doesn't mean the bull market will continue, and it will never go back to $80k. If bitcoin can return to $100k, it could also be a dead cat bounce, a trap before the market officially enters the bear season. Anything is possible, OP could be right and you wrong, or vice versa. For me, I don't know if Bitcoin will hit $120k before the halving. But I guess bitcoin will recover to $100k, and then we will enter a brutal bear market. The bull market is over, IMO.

We can't say for sure yet, as the market is in a state of flux at the moment. The market has been trading between $89k-$92k for a few days now, so we can expect a rise in the coming days, as it is trading within this core. If we wait for Christmas and the market enters the highs at that time, I think there is a possibility of going above $100k. If we look at the current market chart, we can certainly assume that it looks like a bear market, but we are not sure yet. I think if the market continues to move higher until the next decline, it will definitely go above $120k, I think it's possibility.

The bull run started earlier than predicted because of the SEC approval of the ETF that led to so much hype. So it is possible that it would also end earlier than expected. Anyway, my expectation was that Bitcoin would have hit $150k before the end of the year. But the tariff wars, regional conflict and the US government lockdown affected the growth of the global economy. The trade war forced investors to move funds to safe-haven assets, which affected the crypto market. We don't need to have a major setback like a big exchange going bankrupt or experiencing a hack to limit Bitcoin price growth. Another tariff war between China and the US will limit Bitcoin's chance of hitting another ATH.

Whether it's back there or not, we'll only see it once it's there. It has reached there before the crash has happened. I mean not literally a crash but a correction which is essential whenever it has been pumping lately. People say that there is no more narrative to push the prices but they might be wrong with that. There's still enough narrative for bitcoin but it is that we're closing in to the bear market as per cycle's speaking.

It is no problem if Bitcoin does not break $120k before the next halving. That gives us more time to accumulate more especially if the price can go down further. I am wondering how low the price will go if the bear market comes but it could be below $60k-$70k. No need to worry and don't sell your Bitcoin in panic because you may regret it. Just hodl your Bitcoin, wait for a low time to buy, and keep hodling until the bull run comes again. Let other people panic so you can see your chance to buy at low.

If i understand you correctly, do you mean $120k or $120 because if it's the latter that's not even possible because Bitcoin has passed that phase of a bearish season getting to that low. Has Bitcoin really seen the halving like we all know or were still expecting it? Your post is a bit confusing but if you mean Bitcoin would not break that $120k margin before the next halving, there could be every possibility that it might be true depending on when Bitcoin halving  would be. Bitcoin could take a different turn and the halving might not be what we really expect or could take longer than expected but we just speculate but not finalize it's actual price movement.

If "will never" means you're not just speculating, but guaranteeing it will happen, my answer is probably. We can never know what Bitcoin will be like before the next halving. It could hit a new ATH or experience a prolonged bear market. It will depend on future global economic conditions and the level of adoption. Furthermore, there's still plenty of time until the next halving, but the point is these years are the time to start accumulating more.

As you said, bitcoin hit ATH before the halving due to ETF trading demand. That means for bitcoin to hit ATH again before the halving, we need a catalyst as big or bigger than ETFs. What do you think it is? If not, I don't think BTC can do it again. Bitcoin has recovered above $90k and may even hit $100k as some are predicting, but what does that guarantee? The opposite could also happen, instead of thinking that the price will continue to rise to $120k after breaking above $90k. Why don't you think it could go back down and we enter a bear market? I wouldn't be surprised if that happens and the market cycle repeats itself.

That's true, regardless of what will happen in the future, we should take the opportunity to enter the market whenever a price drop occurs. When the color turns green and the price rises a few percent, our expectations increase, and sometimes we can easily say that Bitcoin will soon reach $100K or $120K. Honestly, we basically know nothing except that we are merely speculating and hoping to make a profit after adopting it.

This is a flawed claim that is likely false, as Bitcoin's price cannot be guaranteed within a specific timeframe, even if it's just your opinion. While Bitcoin is attempting to establish a strong support price, as the price is currently below $90,000, the market price shows that many incorrectly speculate that it will be difficult to return above $90,000. What happens when the price falls below $90,000? The market shows a high percentage of sellers dominating. This is panic selling caused by a lack of understanding of how the Bitcoin market works or a lack of awareness of price volatility. Regarding the next halving, that's still a long way off, and anything can happen.

It might be quite difficult if a bear market drives Bitcoin down too far. But if the decline in the market is not too deep, I think Bitcoin could recover to at least above $100k without waiting for the next halving.  Let's just wait and see what happens by the end of this year or early next year, as many also predict a fairly significant drop. But if Bitcoin remains strong enough at its current price, the possibility of reaching a new ATH also doesn’t require waiting for the next halving.