Bitcoin Forum

Because the 68.2 Fibonacci level is always right. Even though in 2021 we broke higher to $69K that area originally had a significant pullback. Also the $48000 area is where that pivot is which was the high on March 2022. Not investment advice but its either a coincidence or this fib level is crazy accurate.

2017
https://talkimg.com/images/2023/12/04/NLlcN.png

2019
https://talkimg.com/images/2023/12/04/NLx0a.png

2021
https://talkimg.com/images/2023/12/04/NcUMo.png

2023-2024
https://talkimg.com/images/2023/12/04/NcaJT.png

Play heads or tails 5 times and there is a chance that it will come up heads 5 times. This does not mean that the result will always be heads. The same here. Sample N=3 (number of repetitions of the pattern that occurred in 2017 - rebound from 0.618 FIB) is definitely too little to draw conclusions about how accurate this indicator is. But like any good technical analysis indicator, Fibbonaci retracements have accurate data available online about the indicator's performance:

"How Accurate Are Fibonacci Retracements? Some experts believe that Fibonacci retracements can forecast about 70% of market movements, especially when a specific price point is predicted."
https://www.investopedia.com/articles/forex/11/fibonacci-rules.asp

"Overall, Fibonacci retracement was accurate only 37% of the time. If you exclusively used this indicator for trading, you would have more losing trades than winners. Additionally, the golden rule of 61.8% was no more likely to be reliable than any other Fibonacci level."
https://www.liberatedstocktrader.com/how-to-use-fibonacci-retracement/

In my opinion, in the case of crypto, this indicator is better than in the broader market, because price here is not influenced by non-technical factors (such as the company's financial results), so it is probably closer to 70% than 37%, but it is definitely not 100%.

Also 48k is a good target to take profit.

You expect us to return to $36,000, so you are betting that it is the right time to sell? This may be true, but the price will return to rise in one way or another next May and may break $70,000 before the end of the year. Selling now as part of a short-term trading plan will be understandable, but it is not a long-term selling point.

Relying on 0.618 FIB while ignoring the rest of the indicators may cause a loss.

still all is about speculation , the graphs shows some significant figures but are those truly coming? yet this is a decision from us to believe as we are the one who might lose once this cross different path.

Trust bitcoin , that is the only thing that for me matters in this kind of situation , bitcoin climbing now to break 42$k https://coinmarketcap.com/currencies/bitcoin/ and what comes next is up to us , I might consider selling at 45k but might change my mind and keep the holding , who really cares? no one but me so yes i will decide depending in my beliefs and views.

Well I think this is when we need to make some important decisions for ourself. The price of Bitcoin is up 150% just in this year so there is profits to take from that.
So if we are thinking about taking some profits it is a good time to sell some. I think there is going to be a correction when ETF approval does happen.
And then also for the Bitcoin halving next year.  I am 'bullish' and will not be selling any of my Bitcoin. But I do think there is many investors who will. It is a hard thing to not take 'free money'.

I think it's time that we stop the comparison but instead, totally focus on what is in front of us. Bitcoin has put an end to all these cycle and history comparisons, it has proved that it is an asset and a true market. By this, it will always be dynamic and no one can know exactly what it will do at all times.

Besides, I can't see how you plotted this Fibonacci accurately. I am not judging but all I know about Fibonacci are not what you are currently displaying, maybe you can add more light to that.

As for Bitcoin itself, it's bullish, and at this point, I will not call any target as it's capable of achieving what we do not expect. All I can assure anyone of is that it's on its way to its ATH. Therefore, it would be wise for everyone to get prepared for it as we maximize our investment this season.

So far I don't have an agenda to sell in the near future, my target is still to try to collect more while I can. Because whatever the level of movement today and facing the end of the year is always a little worrying. Indeed, when you are optimistic that the price is above $40k, this is a kind of manipulation, but for traders it will be quite profitable to divert attention to altcoins, where if the Bitcoin price flattens out, altseason could take over the market for a while.

Of course, majority of us are long term holders, so we don't want to sell when the price is not at all time high. But there could be short term traders here looking for fib numbers and who knows $48k is already big for these kind of traders.

And so it's interesting to see if there will be sellers and then what will be the market reaction to that. Will we continue to buy or there could be some sort of others pushing the sell button as well?

Bitcoins current all time high is sitting at $70k and the higher we go the less willing people are going to be to sell their bitcoins. Meaning if price reaches $48k there are more people who would want to buy bitcoin and push the price over the resistance at $50k and beyond to reach the previous ATH again.

And of course we may finally see a momentum build up that breaks through all these prices one by one.

I won't personally sell, I agree that keep looking at the past is not really the way to go, not really the perfect way to invest neither. I understand it may help with trading, but it is not the greatest way to invest long term, only for short term trading. I have a "friend" (someone I know on telegram) that turned 300k into 800k by just trading short term futures during the last 2 months, it's bull period so he just got 5x long futures and kept holding and sold the day it goes up and then bought again and kept repeating and because the price kept going higher and higher in the last 2 months he made a lot of money.

For those type of people this might be true and working, but for people like me who rather hold it for 20 years, the idea to sell at 48k doesn't make sense to me, I know for sure that in the next 1 year the price will go significantly higher than 48k, it will probably be over ATH as well, so why would I end up selling during this period?

Maybe for those who have bought at the lowest price at once then already have a 150% profit at the current price, then what about those who bought the DCA method at an average price between the range ($25K to $35K) and even today there are still many who buy of course their profits have not been maximized but the potential increase will be much higher.

But it comes back to them whether they want to take faster profits now or not? What is clear is that I think there are more survivors than sellers.
About the approval of the ETF, people's views are a new breakthrough to go bullish and there are still many who are waiting for this news at the beginning of this year, as for those who say it will be corrected it is still very possible because the price of bitcoin can still go up and down.

I myself will not sell until the halving and may look at the end of 2024.

The nature of self fulfilling prophecy on technical and fundamental analysis makes this kind prediction almost accurate. Just like Bitcoin halving which people looking forward and use to hype the market.

If many traders see this pattern and share everywhere I guess this will likely to happened since many traders is expecting already this big pull back after big pump using the history on charts.

the problem is that your theorem doesn't hold up mathematically because in the market the majority is usually wrong. Research suggests that about 70 to 90% of traders lose money (https://www.quantifiedstrategies.com/what-percentage-of-traders-fail/). So it can't be that most people look at some pictures with charts and start to believe in them and that's how it will be... usually it's the other way around.
when bitcoin was going to $60k, everyone was drawing charts that it would reach $100k, when it dump to $30k, no one expected that we would revise the levels of $60k, when everyone was calling $100k again and yet we fell to 15k, where most people were screaming for $10k and we are now here at $40k. horde is mostly wrong.

Everyone has their own target in holding BTC, so of course the decision taken is also different if I myself have no plans to sell BTC at this time because the target is long term and if the target has not been achieved I will not sell it. Because I was traumatized several times by buying BTC and when the price rose a few% I sold it because I had made a small profit and in the hope of wanting to buy again when the price fell but the price of BTC continued to increase so I was left behind. This started when the price of BTC was still $30k, after that incident I was determined not to sell BTC again before my desired target was reached.

Bitcoin's current all-time high is $69,044.77 according to CG, but Binance recorded the highest value at $68,789.62. I certainly agree that if the price of bitcoin manages to break through $48k, then there will certainly be a bigger push to break through resistance at $50k and above. It all still depends on the SEC and ETF situation, but if the ETF is approved then I and most other users can expect $70k achieved easily.

Personally I wouldn't sell my bitcoin at $48k if it hits this December, but I'm likely to hang on whatever the price volatility is. The long-term plan is a priority that must be maintained even though I can accumulate by selling high and buying low. But this is an individual's choice and strategy, and I don't plan on selling it anytime soon even if it could reach $50k this December.

The recent candles are already so vertical that it seems unlikely that this growth will  continue for long and will touch the $48k level in the next days - the correction is long overdue and if I were a short-term speculator I would dump already. This recent rally reminds me of the previous rallies that happened before the halvening - they all stopped abruptly because they were premature, as the true bull run starts long after the halvening, typically 6-9 months.

Guys guys, remember that there's still a Bitcoin halving that will occur and possibly ATH will come after that happened.
Selling at $48k isn't a bad idea if you know you've gained profit from it but it's ideal to wait until there's a new ATH comes.

This isn't new to us, after a recent pump there must be a correction as we expected but it could be also fueling again to jump into a higher remarkable price.  Remember also that in most cases, the last quarter of the year is most likely a green month of the chart.

Now that Bitcoin broke 41K$ and shot with a big candle above it, it is easy to reach 48K$, I think, profit taking will be good for speculators who bought at lower levels.

48K$ is a good number for making profits, but it is not my goal at the moment. I am mostly waiting for it to exceed 70Kِ$ within the next year in order to sell.

We will certainly see a lot of selling pressure at the 48K$ price area for speculators and some investors, but the majority of Holders are waiting for the next peak after the halving to sell their Bitcoin.

amazing how close to my threads number.

https://bitcointalk.org/index.php?topic=5472517.0

48173 is my number

I am planning to sell in case we hit 45k usd to double my chance when time comes bitcoin dumped like what expected before this year ends or after January because I believe that we are lowering or correction before the halving season so yes lets have it this way and not to complete Holding.
i may have interest to invest more or maybe sell and buy ,  like what many keeps saying as continues holding is not so advisable in our days now.
because the market sometimes goes roller coaster or sometimes making difference to the time we need to sell .

It depends on your target in bitcoin that will determination, if you have target in bitcoin I will encourage you not to sell now, but a process whereby you doesn't have a target of when to sell and when not to sell bitcoin I believe that bitcoin will continue to increase because if the price of bitcoin will climb to this particular value bitcoin is right now, I think their is every tendency that in 2024 the price of bitcoin might climb to to sixty thousands [60k] because you may think that this forty thousand and forty two thousand the price of bitcoin is right now is the best time and opportunity to sell, I think is for best time for someone that is curious to sell it bitcoin depends when it invest or purchase its  bitcoin.

The only thing I have to say concerning bitcoin is that the price always fluctuates and you selling now in order to make a profit it depends when you purchase a bitcoin and secondly, if you are into long-term investment at least you have a target of when you will sell and when you not sell your bitcoin, so therefore I believe that your target will determine when you will sell your coin..People who is into short term investment always curious to sell and make a profit as I stipulated or portray above.

Breaking at 70k by the end of the year is a crazy number but I know how bitcoin is, hopefully I could sell a large portion of what I currently hold at that price and still make a profit and hopefully get back in because the price starts to go down again. Long-term, everyone should keep at least 80% of their bitcoin and enjoy selling that 30% if the 70k price happens again.

One thing with Fibs is that there's no set rule where to draw it from. You drew from the Weekly and got the value you're pointing us to. Another person draws from the Monthly or 4HR and the values for 0.618 Fib level (which is taken as the retracement point) won't be the same. You go down lower timeframes and they differ more. Come to think of it, once price gets to the $48k range there will be likely be less people who want to rush out. From what I perceive, investors will be hodling on to their coins and looking at the current ATH which is somewhere at $69k+. I think it's at the current ATH we're likely to find a momentary sell off as that's now a psychological level.

I'm not an expert in such things and TA is definitely not my forte, but we should always keep an open mind and take into account that $48k will be some kind of barrier that will stop the current growth. Realistically, there are two reasons why the price is currently rising - one is the very strong belief that the SEC will approve the spot ETF in Q1 2024, and the other is the pre-halving effect that generates the final phase of accumulation.

However, even if we stop at $48k, is it realistic to expect more than a 10% to maybe 15% correction?

I just used the weekly timeframe but I drew from the ATH and the cycle low.

I know that there are countless timeframes and ways to use fib levels. However the lower the timeframe the less accurate they are. So I used the most concrete levels, cycle low and cycle high and it seems to have some accuracy. But I agree with you, its not that useful on any timeframe other than the weekly or higher. This is similar to moving averages. They are accurate on higher timeframes than lower timeframes.

Many may say that it is better to sell at a 'price is below the last high, the idea is to win big, selling low is not much , that only Means that things can be Seen in a safer way, it is something very conservative and does not suit me, which I I look for what I want, because when I decide to invest in Bitcoin I do it because I believe in this, and there is no other better investment than this one , those who want to sell it is a matter for them, they will see if they Want to sell below it, then when we do Things go well and thinking about the Future.

I do not recommend selling, large Investors , even though they are in large profits, do not sell, because they know that the price will rise, that is what others Should see and do,  and there is no other way , this works like that , but everything is free of charge do whatever they Want.

I’m not sure those charts are all depicting the same thing. When comparing times like this, it’s best to use charts every 4 years as the halving is the dominant factor in Bitcoin’s value increases. I also think that 2021 was an anomaly due to the FTX fraud, so only one of those comparison charts makes any relative sense. I do feel like a correction is coming, but I also wouldn’t be surprised if the FTX fiasco depressed values so much that up is the only way to go from here.

This is what we call saving the profit, but what you've said is also right,  if the perspective is for the long term, selling at the 48k is highly risky becasue currently market is breaking most of the regular resistances and I'm expecting the yearly closing arround 47k to 49k range. The coming year is highly bullish for the Bitcoin we can even expect the early Bitcoin ETF approval.

Maybe market wont even give you a chance to buy back, but if your investment was for a shorter perioid that is really a good point to book some profit to avoid any Upset.

Yes, it's going to be crazy to see a new all time high at end of the year. And I think we have that kind of thread and said that it can't be done. But looking at how people FOMO this week, I don't know what to think right now. The thing is, we even are not yet in the bull run, but look at what the size of mempool and the transaction fees. So imagine what's going to happen if we hit at least 6 digits in the bull run. But just keep on holding I guess, from $11k to $45k is a huge increased year to year. However, if we will have to look at it, profits can still be made after the block halving and then following the bull run. So no selling for me.

This is exactly my prediction. Apart from the technical aspect, on the levels of common sense, I do not see any kind of resistance in $48. What I sense is that if Bitcoin reaches $48k, it will easily get to 50k because of some bull run rush.
Where I know significant drama will happen is getting to $100k. I have this great feeling that there will be sell pressure immediately bitcoin touches a new ATH and that pressure may prevent 100k. The only saviour to this impending scenario is the newbies who will be buying by then. If Bitcoin gets to 50k, I will stop my DCA and begin plan my exit strategy.

OK, so a deep correction at 48k, which is about 3x the bear market low. I guess that's why when we did a 3x from a bear market low of 2018/19 bear market (3k) we corrected (at 9k)... oh wait, we did not, we also did not correct at 10, 100, 12, and 13k... 

Then your theory could be right and wrong at the same time because we had another low (black swan in 2020) and what happened when we did 3x from that 4k? Yes, we corrected from 14k to 10k, but then we went parabolic straight to 41k. Literally the whole correction took 2 weeks and 6 months later we did 4x from that. Is it worth it trying to get 20% more on a good trade, when you risk missing the 400% move?

Deciding if to sell at any point is base on the owners decision, if he feels he has made enough profits and is contend with it then he is free to close the market and enjoy his profits. But we all said that Bitcoin is for a long term, also considering that we have not undergo the Bitcoin Halving it will be very unwise for one to cut off from the market. Bitcoin aligns with being patient and observant and in everything we should apply knowledge, that is why we are to understand Bitcoin before making any entry.

I suggest you hold your Bitcoin, watch out how the market movement is then you would understand when to sell, maybe you bought at a lower price, like of those who bought at price range $15k to $20k and already made x2 or x3 of their investment and using that as enough reason to sell. One can still wait after the halving and make better profits than selling now

i have been selling on an up ladder 🪜.

no complaints.

 :)too close now as we are nearing 44k and looks like will be hitting 48k this December before we close the 2023 ,  and the graph slowly going to that possibilities .

48k maybe the barricade this year or we can make even 50's?

correction must happen mate and some are taking their small profit before rebuying so let them have their way , important thing is majority still holds or at least more than half of their funds remains in bitcoin.

It's up to you all, everyone has their own plans, strategies and targets. And as long as you sell on favorable terms there is no problem.
However, I personally am still optimistic about the price of 100k or close to that price, even if it doesn't reach that price and goes down again I will still take advantage of buying it. And I prefer a bright future, and maybe I just take a little profit to enjoy if the new ATH doesn't reach the price I want. ;D

so what is the main plan at all ? you aren't selling  this semi bullrun mate?
because this is the chance to get little profit for the instance and indeed that we are all optimistic
about 100k usd for the bitcoin but what we are looking now is  the advantage of this market attitude now .
If you bought at that lower price then better to sell in this mate , look at the climb and you will take
that advantage to sell for a while and to take a chance to buy once the market dumping again that I believe will come sooner after this bull.

Do you think everything is based on technical analysis?
and history keeps repeating itself, I don't think if that's the case we should see a decline in bitcoin this month if it's based on history.
It turns out that this month and 2 months ago Bitcoin has continued to rise this year.
because this year may be different from previous years, where previously not many people or parties entered the bitcoin market, now many people know about it.
I asked ordinary people, do you know bitcoin, they answered yes, I saw it on the internet.
of course it will have a different impact, more market players will be more difficult to predict.

0.618 Fibonacci is not always correct; just because you see it in the market numerous times and the price bounces back when it hits that level doesn't mean it works 100% of the time. The golden zone between 0.5 and 0.618 Fib is where price normally pulls back, however trading or predicting with fib alone is hard. SnR, in my opinion, is considerably superior to Fib since without Fib, you may trade with only SnR. To boost the probability of my trade, I employ Fib as confluence.

According to my observations on the chart, the price bounced when it reached SnR levels near the 0.618 fib. In the 2023 chart, the price may reach $45k to $50k before dropping because the market may obey the SnR, Fib, Supply, and FVG, or may also sweep a liquidity on that swing point before the price drops.

Hmm, Price speculations cant be trusted every time with the indicators and supporting historical momentum, especially when we are talking about the situations now, where the market seems more dominated by the Sentiments and the unclear and surprising developments are highly expected.

In such cases, we can just modify our positions from time to time or just let the scenario come up with some clearity.

After halving wait a few more months, people who have patience will definitely HODL until ATH comes again.
Especially if those who have bought at $16K the profit has now almost doubled, but in my opinion, don't be tempted to sell at $48K, we will see even higher prices.

After the pump there will definitely be a slight correction, maybe this will not be too significant and the price can even stay in the $40K area for some time but after that there will definitely be another jump, maybe in the first quarter where many people are waiting for the price to increase again before the halving arrives.
I think it is still necessary to hold more patiently because there will be many temptations where you want to take profits faster.

And after this, it seems that the TA has been invalidated already? Their is some correction that we have been seeing in the last 24 hours and instead of the price shooting up to $45k++ it slide more on the $43k'ish.

And probably $45k is the selling point, or at least high's of $44,930 and so obviously we didn't reach $48k++ yet.

Not saying that TA shouldn't be trusted, but most of the time the market can and will move on the different direction, thus invalidating some of our indicators. It's true, currently market is dominated by sentiments and the news that we hear and read.

Yes majority of investors are hodling as Bitcoin is roughly 36% away from the previous ATH and there are more possibilities of breaching $69k and surpassing it with a little chance of correction phase kicking in. I myself not convinced to take profit at this moment or at $48k since Bitcoin is heading towards the ATH it would be worth waiting but at the same time we shouldn't incur huge loses in case if there is a dump as we have to be prepared for both the situations. I have renewed my risk margin (stop loss) at $36k which is 20% less than current valuie.

Sell at $48626?

That's silly. Keep buying and sell only when necessary. Take your profits in Bitcoin.

"Technical" analysts may see Fibonacci. I see the price tripling in the 2023 calendar year.

Hahaha
It was too short to sell at $48626 but many people will sell when the profit is 100%, they are already crazy about money.
Think of bitcoin as future savings: buy, buy, buy and sell as necessary because bitcoin will continue to multiply if it continues to be HODL.

I don't think this is a bad strategy if they have made a 100% profit on a sell price target of $48k+, everyone has a target to hit and they will buy again at a lower price, they expect the market to correct high after a significant increase and they will return set up a new portfolio for other profits, so our best option is to increase investments from previous profits rather than having the same investment value all the time, financial turnaround may be necessary if we want to increase investments without spending other capital.

This simply show how crazy the Bitcoin market movement is, who knows after these 24 hours Bitcoin starts to kick again. I highly agree knowing TA is a great help but the market is driven as you stated by the sentiment of the trader, so I guess the TA should be integrated with the present market sentiment.  It is a good indicator of whether the price will go up or down.  The problem with TA is that it disregards the market sentiment and just relies on the data given on the price chart.

As for the selling price, 48k is too low to sell, IMO, especially when people have bought Bitcoin at $50k.

That's right there's nothing wrong, it's also not a bad idea to be 100% profitable when selling now or at $48K anyone can do what they want.

Now when they have taken profits and prepare again to buy after experiencing a high correction in this I myself am still not sure bitcoin will correct to the price of $30K, maybe it will still stay in the $40K range or even go up because towards the beginning of the new year there is usually always positive news.
This is about what I think, I will always survive even though I have made 100% of the low purchase.

Based on current market analysis, it is possible that the market may experience a price correction after a significant increase although it is difficult to reach $30k again, I think the highest increase will probably not be higher than $50k this month, I prioritized the previous strategy of increasing investment value rather than maintaining value the same crypto all the time, at least I can increase more than 20% of crypto assets for high profits for the sell target at the next ATH.

thanks for the boost mate yes this is what I have decided now selling on an UP LADDER and I believe that is perfect strategy to use now that keeping the famous strategy of keeping HODL .
we have been seeing correction couple of times since the price grows up 40k and yes  from 44k twice that it drops below and now grows back again

True, if they bought last year at $15k, then obviously if Fibonacci might show that the best sell price will be at $48k, more than 100% profits. But if we look long term, we could be getting more than that.

So for others its not going to be hard to decide what to do next, just simply HODL and if the price goes to $100k or more then ROI would be way bigger than selling at today's price. I do agree with the principle of keep buying and holding and just sell when necessary.

Yes absolutely. Don’t sell away these valuable Bitcoins in such low price. We all know that what Bitcoins are capable of and what’s its value. So instead of selling at, try to buy these rare coins irrespective of the price. Bitcoins are fixed in number, hence there will be a time when the demand to buy the coins will be at peak and price will be high due to scarcity of the coins. Sell at those time to yield the maximum profit.

so according to your predictions we will not see btc 50k at this time, it's a shame even though it will be very close to ath, currently we are at 44k -36% of bitcoin's ath which is 69k, will we see a new increase early next year.
or do we have to wait for it after the halving.

We might see $50K, this 0.618 might not even do anything. I am just pointing out what has happened in the previous 3 cycles. It seems this fib has an effect.

As you can tell by looking at the charts, it usually tops temporarily there before pulling back for a number of weeks/months, then it always goes higher. I just think BTC goes extremely overbought and people decide to take some profit at that area. It can still go to $50K but might stall at that area.

The strategy of selling when you are getting significant profits and then buying again when the market comes lower isn't a bad one but only if the market does come down, what if the market doesn't come down a lot after the person sells all of their holdings and the market keeps going up? That is when the person will regret their decision to take profit with all their assets at just one price point instead of waiting for the price to improve more over time.

This is the reason why it's not the best decision to sell everything at a single price point and one should always hold a part of it just in case the market goes up more so that they can get more profit with it, and if one can, they should sell at all, especially if they know that there is still a bull run to come.

Not only that, psychologically speaking this is a mistake from which it is very difficult to recover, as in the mind of the trader they will vividly remember the price at which they sold and they will be very reticent to buy above that value, so they will keep waiting for the price to become lower thinking that it has to happen at some point, but if this never happens then it is likely they will not buy that asset again, even if their strategy tells them to do it.

Selling our bitcoin now is proper to those ones who is into short term investment but someone who wants to achieve profits in cryptocurrency investment should go directly to ensure that they hold their bitcoin for future purposes, so I don't know while we should go ahead and sell when the price of bitcoin hits forty eight thousand [48k] its better you hold your bitcoin if you have something you are targeting in future in bitcoin, I know that some people will think that after bitcoin hits forty nine thousand it will start dropping.

If you sell bitcoin at a low price, that's not investing anymore to stay in profits but you are investing at a loss, and sadly a lot are doing it due to wrong decision making. And end up regretting because they lost all their capital and their expected profits. So I totally agree that we should only sell when there are impressive profits seen, except if emergency cases force us to do so. But never sell all your bitcoin immediately as it could also mean losing our future profits.

Bitcoin is for long term hodling, as as much as there are chances for bitcoin to go for another price surge then we should not resort into selling. But continue to buy more and hold more so we can maximize the profits that bitcoin waits for us.

Personally, I do not rely on charts but on my experience as an investor and my particular economic situation, as I have no need to sell. But I do plan to make partial sales to make profits and in my case I will not make the first one until the previous ATH of $69K is clearly beaten. Then after the $100K. And then it will depend on how the price evolves in the cycle.

Well, Bitcoin is currently at its highest price this year, and selling in this market is profitable. However, since the price of Bitcoin is currently increasing, it is likely to increase further before the halving. Bitcoin market may change after ETF approval, I think the market may turn bearish again after the halving. But those who invest at this time must hold for a long time for bulls.

$40k is now a strong enough support to contain Bitcoin.
Although some corrections occur it is still playing in the $40k++ area, but if there is some FUD that may appear later the most likely correction is above $38k++, because at that price it is the strongest support for Bitcoin price reversal.

I will also always have a backup plan in place to counter any mismatched predictions or bearish trends that might occur.
But so far Bitcoin is still quite bullish with some facts that the halving is about to happen next year, this makes all investors continue to hold on and believe that a new ATH will be reached.

We can predict the market will remain at $40k+ because market support shows the next increase after a low correlation occurs, even though the prediction is not correct and FUD occurs then the market will still remain at $40k and I am sure it will be difficult for the market to fall below that price if viewed from market price analysis crypto recently.

The right step is that you always have a backup plan to anticipate predictions that don't go according to plan, cutting profits or increasing investment at low prices is the right solution for a backup plan.

and this is evident, how Bitcoin remained held above $40k when today Bitcoin suddenly crashed.
This is the correction needed by Bitcoin so that the market does not become oversaturated.
Then Bitcoin bounced again to the price of $41k and is now still in the Flip trend area around the price of $42k++.

This will be a good ride for Bitcoin ahead of the 2023 halving and closing.
https://www.talkimg.com/images/2023/12/11/EGbUq.png (https://www.talkimg.com/image/EGbUq)

Yes. Just be prepared for the possibility that the discount figure will be touched quickly, on the other hand, there will also be a reversal quickly again.

https://www.talkimg.com/images/2023/12/11/EMQsJ.jpeg

It's time for BTC to reach 48K, exactly as OP predicted, but we also have to pay attention to the signs.

Finally bitcoin crashed to $40,300 current lower price although bounce back to $42,000, seems have been stable with bitcoin price correction after several days stable above $44,000 and suddenly get crashed and bitcoin dropped more than several percent. I sure bitcoin will bounce above $44,000 in near time and not doubt with usually crashed or correction after bitcoin success hit to $44,000 and keep stable almost one week.

---

Wish with suddenly crash and bitcoin drop to $40,000 will be moment for going more higher price in several days later, usually after crashing have chance with bitcoin will raise more higher latest price above $44,000 and will potential break out to $50,000? last several days most highest price above $44,000 and difficult for breaking out, will suddenly crash as moment for bitcoin raise most higher price?

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why  ???

48-50K is still on the cards and I think after this small correction we may again be heading towards this target. I know that there is a big resistance there and we may get multiple rejections from this 48K level before we can break this resistance and it becomes a strong support.

Bitcoin is trying that right now, the last crash stuck at $40k and that's incredible.
Bitcoin went down to rise again, because not everyone knows Bitcoin is saturated enough to be at the top, it needs some correction.

After creating a strong new foundation, then Bitcoin will go back up with the target of breaking the $4k resistance and heading towards $50k.
I expect the end of this year to be a good determinant when Bitcoin hits its highest price again this month.

It also depends on how the market trends and the fundamental influence of Bitcoin.
FUD and News will come alternately.

And with Bitcoin falling in the $40,000 - $41,000 range, I think this TA might have been invalidated already and there will be no selling at $48,000?

Just shows that it's really hard to predict where the price is going to be, TA could help us, but sometimes it's beyond our control, price moves in the opposite direction. Nevertheless, this is just a minor correction, we still have 2 weeks or more to go before the end of the year.

So we might see some swing in the price or at least going back to $44,000 range and I think everyone will be happy on that price move.

Bitcoin, having performed excellently well this year and breached so many upper barriers, more upper levels to be breached are being called by many people, and this could mostly be unprofessional as people are either calling the levels that come to their ends or the psychological lines that they could see. This is what actually gives those levels of power as the power of people is important, that's what the sentiment of the market revolves around.

As it is now, it's good that we look forward to the three lines that people call the most now, which are, $45,000, $48,000 and $50,000. If the market will tarry with the present bearish outlook in the minor view which is a mere correction, it would be fine for it. But if it takes it at least a week to get back on track and start buying, it might cost it a lot more and we might not even see the $45,000 in again2023, not to talk of $48,000 and $50,000. Nonetheless, if it didn't tarry with the bearish retracement but is able to move higher even more this year, the only level that is still sure will only be $45,000, not the rest. This is based on many analyses of Trendline, Fibonacci and others and I don't think they can fail this time.

Panic is something that will exist in a person, but in the case of this bitcoin investment, shouldn't they have learned from their previous experiences? unless they are new investors who start investing in bitcoin, panic is a natural thing if they feel that.

Now many people are starting to speculate and predict where the next bitcoin price will go, and that is actually legitimate, but don't let it affect us. When the price moves towards 20k, 30k and now has reached 40k it is good news. Even if we follow some time ago, some predicted that the price of bitcoin would decline to 10k, but that did not happen.

There's one thing with history;
But the major thing is the people that make the history. We cannot successfully take out FUD and FOMO from bitcoin and cryptocurrency investment. Even if everyone has mastered the behaviour of bitcoin, the uncertainty will still be there. For instance, people are panicking that Bitcoin will drop below 40k. It is the same group of people that will jump in when bitcoin makes a new ATH, they will join not to miss $100k and in the end bitcoin will dump on them.
We all are victims in different dimensions. Atleast I have seen bitcoin in the region of $15k this year. What stopped me from taking $15k worth of loan to invest in bitcoin. Today I would have paid off the loan and will still be 100% richer. The industry is dynamic, unpredictable and confusing and that's why I don't blame people in any kind of decision they want to make.

If you don't have anything to use with your bitcoin, then continue to buy more and hold more. For now, patience is a very crucial factor. You have to be very optimistic with the market so that your motivation to buy more will even grow because that's the right thing to do. We are going to see Bitcoin halving few months from now, so we need to prepare for that and by maximizing our purchase these days will only contribute to what we deserve to reap when bull run comes.

But this is also case to case basis. If you are in need of your money so badly, then selling could still be reasonable but never spend all your profits but invest again when you see bitcoin price starts to drop its price.

Of course - not everyone realizes that a correction is necessary when bitcoin has reached its saturation point, so you have a point.

I expect the end of this year to be more stable for bitcoin - especially in the price recovery movement. Traders and investors will be wary of buying as much as they can and will probably choose DCA as the best means of accumulation - but perhaps a quick recovery could occur if institutional investors start buying bitcoin at the current discount price.

Since yesterday's correction - bitcoin couldn't maintain its price at $42K. Prices are back to testing the support level at $41K and possibly $40K if the panic continues - but I'm optimistic things will be more stable now.

TA might be working a bit better for well established markets with a long history and a comprehensive legal framework. Applying TA to a market that is based on an infant technology that is subject to constant changes or new laws in the legal and regulatory environment is worthless. What does TA help me when approval or denial of an ETF is around the corner or how does TA work in effects like FTX burning down or CZ and Binance getting sued and penalized with over 4 billion USD in fines? What does TA help me when one of the leading stable currencies goes bust or gets under pressure, like BUSD did a while ago?

All this TA stuff is mostly for calm times with little to no action / exogenous impacts.

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

I think what the OP says is that this could be the highest price that we could get this year, and so there could be investors who's willing to take that bait and sell at that price and get some profits specially that we are in a holiday. And obviously we need some money during this week and so selling might be the right decision, that is if we reach $48k at least in the coming weeks.

Although there's a slight correction, we have bounce back again to $42k-$43k. So it's really our choice right now, wait till it reaches $48k, take some profits. Or just remain a holder and continue to accumulate and wait till the next bull run to sell and maximized our profits.

Still waiting when this be happening , its been a roller coaster at 40-43k but hard to break 45k  so hoping this will come sooner this need week because we are nearing closing December yet 45k is still on the process of breaking  ;) :D

If there is one important thing I have learned it should be about price of bitcoin what I understand very clear about bitcoin price is that it doesn't go the accurate direction according to how we wanted, I don't argue that we won't see or we'll see but what matters is that "bitcoin price is highly speculative" and for that we do not know whether the price will touched $48k or not..
..Let say today is 14 December 2023 counting down to January we have less than 16 to 17 days before witness new year, So technically we could see the price there if bitcoin could used just less than 20 days to move from 30k to $44k plus then there is every tendency we will touched $50k before 31 December or possibly by first week January.

Sell when you are happy with your profit or you already hit your target price.
This is just an assumption though and the price can still go beyond this one. Remember, the bull was just started and we are all aiming for a new ath, though this could be the peak for this year but its too early to sell for me. I’ll not sell until the next new ATH, I’m confident to see that price again next year.

A true investor is always confident of the market irrespective of the price speculation and manipulation, we might see bitcoin in a new ATH were we might not believe that the price has actually pick up to the level we can't predict. Selling were that makes one Happy is like someone who is wanting to double their profit or wanting to take profits from his holding, as the price goes up and down we can't really determine and factored it properly to know when the price hit so hard with a new ATH. Well I am also too confident that about the market and something positive is for sure to come so I wouldn't want to sell for any reason or for whatsoever just being too optimistic.

Anything could happen, we are not certain what's going to happen and we are just riding the day out. Every single morning, I wake up and let the day tell me what kind of day it will be, and usually it is a good one these days and the price goes up, that's a good thing and it should be something that would benefit us all.

I understand that we are going to end up with a good profit, and should not be something we could profit from very late, it is going to be sometime soon that we are going to end up with some good profit making. I understand that we are not going to end up with some x100 in bitcoin, that is of course not possible but I do believe that 48k+ is quite easy to achieve, that would not be all that much of a trouble for us.

Many hodlers has taken profits from their BTC investment when the price hit above $40k few weeks ago and, some are waiting for the price to return back to $69k before they can sell to take their own profits but it will be difficult for the price to return back to $69k in this month of december. But those that will hodl till next year 2024 which is the target of many hodlers to make a huge amount of profits from BTC investment because, the price of BTC will surely reach $100k before the end of next year december.

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

That is one of the main reasons why it has gone down, the problem is that when the price peaks at a point, that means it will be quite hard to make people not invest into anything new, I mean they are not going to put in even more money when it is already peaked, instead they try to sell and get their profit as much as they can.

This causes the price to have some dip, but when it's dipped enough, all those people who would like to take their profits are gone, and we are talking about a situation that they have made enough profit, and that should be important. I get that it is not going to be something that would benefit everyone, it is going to take a while and I know that it may not be that easy, we are at a stage where it is all up from here, because halving is nearing.

Anyone who doubts what bitcoin could do during the halving year even with all the historical data we have, will be people who are going to be too late to making some decent profit from it for sure.

At the end since the circumstances of each person are different then they need to create their exit strategy based on what it is the best for them down the line, so there are some investors that may have sold part or even their whole stash as the current prices were attractive enough for them, and maybe they are expecting a correction to happen, however in my case I do not really see the need to sell now as the bull market is just on its early stages and I expect the price to go much higher during the next months.

Around $45k should be the profit taking, and although the OP posted $48k, I think it has been invalidated already or we might not find that price along the end of the year as we have minor dump to $40k'ish and then just go up a bit to $41k-$42k and nowhere near $48k levels.


Or to put it into perspective, those who are looking to maximized their profits are not going to sell at $48k. The name of the game is going long here, so we might have to be mentally tough to stop on the game and wait till we hit 6 digits and then sell when we are about to break or reach new all time high, it could be around the last quarter of 2025.

I think what you are saying is what needs to be paid attention to: that the bullish market is not yet fully visible and will continue to run because, in the future, we will enter a halving era, which will usually be accompanied by a correction to strengthen the impulse to increase in time.So many people also think short-term to look for profits when prices appear to be improving with the expectation that there will be another correction and will buy again. Even though this action may be full of risks and actually eliminate the opportunity to get maximum profits in the future, So everything has to be thought carefully about, including what steps to take and determining what to take.

The human mind can only follow a few indicators. It depends on our ambitions, whether we want to survive or not, but it takes a lot of patient energy to be able to reach 2025, for example. But if you're looking for profit, you'll definitely sell like the title of OP's post, even though he's a professional too. Even so, we have read a lot that in 2024 it is very possible that the price of BTC will rise even higher. So, I think it's best if we have some BTC, maybe Just Hodl and I think that's the right decision.

I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

Even if I think that once we reach six figures for the first time ever there will be a lot of people that will sell their coins, I also think there will be a lot of people that will keep holding their coins, either because their target price is way above that level or simply because they are long term holders that have no plans on selling their bitcoin no matter how high it could go during this cycle, as their goal is to sell on a future cycle and not this one.

Doesn't matter though if there will be a lot of sellers at six digit, I mean we can understand why they will do that, to make profits. And we all know that this kind of investors could have been holding Bitcoin for a long time or at least this cycle and so they have the right to make profits after their hard work.

And if we have strategy during our accumulation, we could have also a strategy of selling. I mean, for me I would have to sell in small baby steps, maybe sell at $100k, and then if the price continues to $120k-$150k, then sell a bit as well.

By the way, the process of buying and selling is always going on​, but at $60k there will be very few investors who will sell bitcoins and exit the market. When the price increases, new investors and small investors often get more greedy and sell with less profit. Experienced people understand the market and know where the price of Bitcoin can go in this bull season.

Those who will sell Bitcoin in the hope that it may come back down from $60k.There is no guarantee that Bitcoin will bounce back from here and go higher again. It could be people's guesses or ours, but the market doesn't necessarily follow our guesses. Of course, big investors who play a major role in market volatility will never sell their bitcoins at $60k.

why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high.
halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars

Setting these prices to sell means selling Bitcoin cheaply. There should be a higher target. There are people selling Bitcoin at every stage, but it might make more sense to wait for the price to go higher.

It would be more beneficial to make a new purchase at each correction and set a very high selling price. Once you learn to wait long enough, it will be easier to make a decision. As you said, we are close to Halving and we should not forget this factor when making our decisions. Everyone is responsible for their own investment and this is not an investment advice.

Seems like this did not happen to be fair, I think it would have been nice if we could have reached 48k before the year ends, but there is less than a week left and we are not there yet. I think we need to consider the situation as good though, because in 2023 we have come up so much and its a good year, maybe we didn't break over the ATH price or anything, so its not the insane bull year that we are expecting, but it did go up and that is a good indicator.

I do hope that 2024 would become better and 2025 even better than that. I am not so sure about 2026, maybe there is a chance that could be a bear year, but that is way down the line so I do not have to worry about that at all, I can just focus on possibility of 2024 and 2025.

So much for the prediction of $48k by the OP though. It's obvious that it didn't happen at the end of the year and everything was invalidated. And it shows that this whole game of prediction as likely to be bad as to be good.


We can only hope so, but there are good things in 2024 that never fail us, it's the block halving. Usually this event will start the imminent bull run in the second quarter. So I must say that it's going to be fruitful year for us next year and we will feel good to be back in the bullish trend and say goodbye to the bears, specially 2022 is the worst year for us during this cycle.

This decision depends on the holder himself, his target price and the reason why he is selling.
Sometimes you need to sell even before your target price because you needed the money.
But as much as possible, should be higher than your buying price. At least get some profits and not be on the losing end.
As the sentiments in this market is getting good because we already surpassed the 40k mark after more than a year, reaching 50k for me is not too far from the horizon.
So better prepare yourself on this imminent event in btc market. It is not far from happening.

We have the crescendo effect in play at present possibly ?    Seems like there's a rising trend but also resistance in this area and so range is becoming constricted as we continue.  Perhaps resolution in the new year.

https://www.talkimg.com/images/2023/12/28/I9knP.png

Its wavering back and forth across the weekly average, essentially its in a flat spin though some might say we are positive Iam a bit cautious.   Add in the transition from holidays back to full working weeks not long now, just that can be enough to throw off the balance between bids and offers.  BTC is already a volatile price movement often, we can easily move down in my conclusion and of course we can still go up further I just side with profit taking being quite possible short term.

It is still early if you ask me, even a single day could change so much, we could still potentially reach this level, I am not saying we will, but I am not saying we won't neither, we could totally have something that could be close to something like this. We just need to make sure that we could end up with a much better situation.

I hope that we could end up with a 48k before the year ends, that would definitely be something that may benefit everyone and we need to consider the possibilities. That's not even 10% higher, that's much less, even a 5% increase might get us there these days, or at least somewhere close, at 43k, 5% would mean 2.1, added on top of it, it's nearly 46k, not too far off, and 10% means 4.3k, added means 48k, so it's quite good. I think that could happen even within a day that is why we should be careful. I do believe that it's going to be fine, maybe we won't, maybe not even go beyond 45k, but the possibility is not out of question at all.

Short-term profit-taking has become a trend considering current market conditions. Every time there is an upward price movement, there will always be many people selling it and as a result the price tends to return to its original position. This is called sideway, but the potential for a decline is very possible, not higher.

Traders should be careful and avoid more panic. At the end of almost every year, market conditions are like now, but I am sure the market will improve soon in early January next year. Price corrections will still occur until this year is over, even now the price of bitcoin is experiencing a correction and testing the $41k support again. Let's see what's next, I hope $40k becomes the strongest support that won't break during this panic phase.

Sooner or later, I know that Bitcoin will hit $48,000+ but not this year again and I suspect that this will be in January next year. The market is still very bullish in the long-term disposition and will continue in that regard as long as FOMO continues to play its course and if there's no bad news strong enough to cause otherwise. Many people have earned their fortunes in the recent bullish trend as the coin moved so strongly upwards with about $20,000 in just 4 months. This is responsible for the recent stoppage to the bullish trend, there must be a correction for the market to take an adequate breath for it to have a stronger tempo to rise higher.

Still, the bearish movement was underpinned and Bitcoin has been struggling because of that to ascertain a trend. I'm afraid that this will continue till next year as the market already slipped into a short-term range that might last for at least a week. I will continue to make my money in this regard and stop the believe that it can move significantly higher this year again. It can't even launch higher than $45,000 this year again. Also, I don't think it can slip below $40,000 till January either.

You can take advantage of price increases and go against the mainstream market moves, find good points of re-accumulation...or you can wait. There are a few things clear at the moment:
- Retail investors will have gotten caught in the excitement and have bought in the 35-45k range
- Retail investors are probably seeing a lot of altcoins going up, and thus, want to jump into some of these
- There will be a Bitcoin correction, and when there is, these altcoins/tokens will fall harder, people will be devastated and their faith will be crushed. Crushed so much, that they probably will not buy the dip.

We have to all remember that the retail market and those who are new to Bitcoin from the ETF news and all of the MSM news, have to have their faith tested. That is not just the crypto market, it's every market.

We'll see it soon, I think the Jan 1. ETF decision then fly to 48k, wave of excitement, hype, etc. from retail, more buying into smart money orders, will be followed by a nice correction and another buying opportunity.

We have to also remember that historically, price movement has not taken significant effect until 3-6 months post-halving. We also have to keep in mind that Mt Gox repayments have actually started and we need to keep in mind the effect of that on the order books.

Every person has a strategy and achievement that will be their initial target when doing something that will make their plan work well enough, so I think it would also be quite logical for someone if they don't want to wait for the price of Bitcoin to be above $50K in the next year even though they already knowing there will be a Bitcoin halving moment next year.

That is the importance of distinguishing between long-term investors and short-term investors as well as traders who are always happy to sell when they see a profit. So there is no need to ask why not wait for a certain price level on Bitcoin if someone is selling it to secure the profit he has made through an investment he has run himself.

I agree that every person want to take profit out of thier investment in bitcoin but those who are holding bitcoin for long term should not be tempted to book profits at 48Kish area, even though there is strong resistance there and the bitcoin may reject badly form that level but it is not the 100% scenario, The ETF and the post Halving pump can be enough factors that may keep the bitcoin strongly pass this resistance.

Also, we are going to see the all time high in Bitcoin after the halving. so what is the point in selling out bitcoin now when one can sell them in excess of 100,000$ and beyond?

Not all minds are the same (small), but some are big, that they can handle or process more information, or in your case here indicators. Of course all want's to survive. In order to do so, we can't help but to sell when we badly need a money to eat or pay something because it's their due date already, and we gonna get killed too this way if we don't.

Even though we are almost at 2024, it's indeed that a year of waiting is still not a joke, as things may not be as smooth as we think. We can't sell if we don't have anything in our bags. So yeah, that first things first is to have some BTC. It'll look inappropriate to just disposed it right away, so we need to HODL it for a while.

Thoughts are different, every time we go through the process will be different when we don't know the information that already exists.

The process of survival is through us determining how we will perform so that the results we get will enable us to survive even though the due date when we work is only a few days.

Now let's just enjoy it because we have just entered the new year 2024, but of course we still focus on the process we work on at several BTC to maintain appropriateness so that it is easy when we do HODL.

If they really have the intention, of course you have to wait until the price is better, and I think what you said about the price of $50K is very relevant; it will only be achieved in the next few moments. I agree with you that there will indeed be an era of halving, and of course, after that, the price will be even higher because there is usually a lot of demand. So I think it's wiser to hold on for a little while longer when the price can exceed the last ATH ever made. Of course, it would be a shame to rush because you won't get maximum results.

I don't see any reason why someone should be in a panic now about Bitcoin investments. If you have had the opportunity to buy your Bitcoin when the price is low, you do not have any reason to worry but to wait happily as you smile to your wallet account. I believe that if we can do it and there is no urgent need for money, the coin may hit $100,000 with ease which means more money for us, so why hurry when we can make way more when it doubles than even $50,000? This is why I do not like to read too much on the internet so that it will not negatively affect my investment decisions. Some would say it will reverse to a certain level, some would say it will reach another level to make certain decisions. But really, your own analysis should be the best guide, damn others, which is why we all need to know how to speculate to ascertain what we are deciding upon. And regardless of where it will be stuck, break, correct/reverse, I will keep holding until it reaches above $100,000. It is only after then that I will be paying attention to the monthly chart to liquidate my position if it eventually confirms a bearish pattern/trend.

I don't know or am sure if what you want to release is when 48000$ each bitcoin is reached and then there will be a dropping price for liquidation. Do you want to convey to us, OP, that each bitcoin will drop below 35k$ again?

It seems like that's what you want to emphasize and convey in this topic that you made, dude. Is that really your purpose? Because if for me it's not possible to happen at this time, because what I see there is being targeted by whales, it could be 48k up to 50k; that's what I'm seeing and observing too.

Well.

So far it looks like the fib held. Spiked into it and is heading down. If it closes like this on the daily or weekly this might be the local top. At least for the mid term.

Your said level was so delayed since last year you had quoted it but was eventually hit yesterday, and not that it was just hit, it was hit in a grand style that is memorable for me. Finally, the ETF approval has made good of it and the market appeared to sell sharply after moving a few pips higher than the level. It actually moved about $49,000 before the sharp fall, so anyone who could have placed their pending order on this level and used a stop loss at the psychology level of $50,000 would have made easy money from the market.

As it is now, Bitcoin is relentless, though it frequently has the challenge of some falling but I believe that it will continue to stabilise especially this time that good news of the ETF has broken. There is nothing stopping Bitcoin from rising and the halving expectation will keep giving it the better grace to rise further in the next few months.

If you have profit then no matter on which price you want to sell you can sell. But we should not be worried about this temporarily down price because halving is very near so we will eventually see all the time high price of bitcoin as well as other altcoins. It is easy to sell now as price is higher but I think those will regret who sell all their bitcoin today because price will soon reach to 70k$ so by visualizing such price everyone will regret about their fear and short term wrong decisions.

Only just seen your thread, but yes 0.618 fib retracement hasn't failed calling the top on a dead cat bounce yet. It worked in 2016 and 2019, now to see if 2024 plays out the same way. Personally I didn't sell around $48.5K that was my measurement, but instead $48K, but it's all the same at the end of the day if price is to correct -35-50%. Still can't believe the ETF launched timed in perfectly with the 0.618 to be honest.

It is very difficult with technical analysis and with fibonacci, I know that I do not master these things, but sometimes I think they have to be very precise, this matters to me, because the only thing I understand are a couple of indicators, but when The resection of all is done because it is difficult because what I notice may be that each analysis has an instrument or indicator that I did not know about, I know that indicators can be created, and it may be that that is what you need.

What I can say about this is that every time you go in to do a good analysis you have to see all the possibilities to take, and what may or may not happen, that is why it is necessary that when you do any analysis you also take Taking into account what is happening in the world, the risk of wars that greatly influences any market, that is what I see that can be done, an analysis and we can do it taking into account everything that is around us, even the same area where you live.

Everyone will not immediately know how high the price will be when it is approaching the halving or after the halving, because we cannot guess how much profit we can get by remaining without selling when we see an increase in prices as seen in the past few days before the correction occurred. However, considering the current conditions, it is indeed a good idea to hold on to Bitcoin because the halving is not a bad moment for Bitcoin and its holders at this time.

we can't predict the crypto market price exactly but the fluctuating market gives a signal after the price reaches ATH in the previous halving period, so the possibility for a new predicted price will definitely be higher than the previous ATH, so it is the easiest scheme to predict the crypto market even in the week then the price of bitcoin almost reached $50k, we are in a position where the market price is above 75% reaching the ATH so keep holding gold hands until the ATH has been reached.

Its funny but I came up with 48.1k with a drop off

you came up with 48.6k with a drop off

it did 48.99k with a drop off.

https://bitcointalk.org/index.php?topic=5472517.msg63090856#msg63090856 my 48.1k number

That is the specialty of the cryptocurrency market, especially BTC. Focus on the initial goal, don't let us initially want to invest long term, but when we see floating profits, then we change our minds and sell it, and in the end regret it, if Bitcoin reaches a new point.

Well, I think for now, if we look at market conditions, it's better if we have a picnic first or do something that makes us happy while waiting for BTC to rise above 50K, whether in the next week or 2.

that is why it say that the price of Bitcoin is unpredictable because you may follow the current coloration of the candlesticks and they make your prediction and tomorrow the color interchanges to what you did not expect so therefore the price of Bitcoin is unpredictable because as for the date you make this post maybe the price of Bitcoin was appreciated but right now the price has reduced drastically so it is unpredictable market

Great call then, simple is best despite all the noise it did pretty much act on cue.   A ceiling maintained is bearish but price can resolve through time as well as movement.

https://www.talkimg.com/images/2024/01/16/3L4c3.png

That'd be my rough view on weekly bars.  You wouldn't want to step on that pin, owch  ;D    So do we resolve to find this pricing as a ceiling and then down to 37k.  37k fits as bottom of a channel and a fib level.
  50 day average is where we are right now but the true measure would be 200 day way down near 33k  both positive moving BTC is doing well sell or not from here.