Bitcoin Forum

With price currently re-testing $42.5K high volume zone, do you think price will reach $45K or $35K first, or simply consolidate longer around $40K?

Decided to provide my own interpretation, based on different time-frames, with my own predictions in the near-term. Feel free to disagree, that's the idea  :)

Have tried maintain some bullish/bearish balance based on time-frames, so perspectives may seem conflicting, hence there is a TL:DR below.

Monthly

https://s3.tradingview.com/snapshots/r/R15p3UUO.png

With the Monthly candle closing in a few days, some would consider a red close below $42,258 as bearish. Personally, I'm not of that opinion. The candle itself is currently an indecisive doji candle, signifying indecision in the market as opposed to a trend reversal. It more often than not signals continuation of a trend, whether that be to the upside or the downside. In this case, it'd be to the upside.

It would however be the first red candle after 3 months of upside. I've included the Ichimoku Cloud, which while seemingly insignificant (historically for 10 years on this time-frame), may finally be relevant. While in a bullish structure, price is currently getting rejected by $42.6K resistance band with support around $36K. Consolidation within this range for the coming months is therefore not out the question.

Weekly

https://s3.tradingview.com/snapshots/o/O1m9zW2D.png

Similarly, the Weekly is looking indecisive, highlighting the indecision on the Monthly time-frame. The high volume bearish wick and candle, closing -15% from the highs, has been met with a +10% bullish doji-ish candle to the upside after testing $40K level. Price is otherwise at the 0.5 fib retracement level ($42,240) after rejection from the anticipated 0.618 retracement level (https://bitcointalk.org/index.php?topic=5481227.msg63481004#msg63481004) ($48,555).

Despite the current indecision, there is notably more support below than resistance above, signifying that a longer-term uptrend is currently in play. Long-term moving averages are currently at $31.4K (50 WMA) and $30.7K (200 WMA), after the bullish cross-over this month. Cloud support is otherwise between $27K and $23.6K, highlighting significant support at lower levels, as well as volume support.

Daily

https://s3.tradingview.com/snapshots/l/lMFqLsNQ.png

This is where it get's iffy. After the January 12th sell-off, price failed to utilise the 50 Day MA as support, previously untested throughout the past 3 month bull run. Price is further struggling to maintain the previous accumulation zone, and instead is threatening to turn it into new resistance, in order to confirm further downside. While I still think a re-test of $44K to $45K previous resistance levels, above the Weekly high closes remains likely (the latter being the 0.618 fib retracement from recent high to recent low), the current structure suggests otherwise unless $43K can swiftly be reclaimed.

Confirming the accumulation zone as distribution, would most likely lead to further downside. While there is volume support between $36K and $38K, the longer-term support on this time-frame (after breaching the immediate 50 DMA support level) is around $34K to $35K where the 200 DMA is priced, as well as where there was previous consolidation and therefore volume support.

4 hour

https://s3.tradingview.com/snapshots/6/6IjZFMx2.png

Now to look at the 4hr, does it match up with the indecisive Weekly or Monthly charts or allign more so with the bearish Daily signals? Unfortunately, it's very much the latter. The 200 MA, that previously twice acted as support, has now twice acted as resistance. This is also at the same level as the 50 Day MA and volume profile point of control, as a cluster of resistance required to be broken in order to avoid further downside.

There was additionally a death cross of the 50 & 200 MAs at $41,283 (as circled) after the golden cross in September 18th last year at $26,266. To put this into context, for short-term traders, after a +57% move from golden cross to bear cross, despite the current decline of -15% from recent high prior to the bearish crossover occuring, it does signal to take profits after 4 months, until a new uptrend is confirmed.

TL:DR Summary

• Weekly time-frame, the market remains in a bull trend until $23-30K levels, with the uptrend being in a corrective phase when below $38K, that has still yet to be seen (bullish)
• Daily, the market remains in a bull trend above $35K, even if the uptrend is currently undergoing a short-term correction/consolidation when below $43K (neutral)
• 4hr, price remains in a textbook bear trend until at minimum $43K is reclaimed and maintained, followed by an MA golden cross trend reversal (bearish)

Overall, given the bearish short-term pressure on price, followed by the neutral mid-term outlook that's eyeing up a corrective move back to $35K support, this is what I believe will turn the Weekly from bullish to neutral in order for a correction to lower level support to occur. Consecutive Weekly closes back above $44K would otherwise nullify this analysis, breaking below $38K would further confirm it.

Currently predicting the direction is actually a hard task. Bitcoins falling 2000 usd in price and in the next 24 hours it’s increasing 4000 usd in price. So it’s a bit unstable right now. But as Bitcoins trader, we can take opportunity from here. Buy the bitcoins and we need to hold it till the end of this year. We have seen Bitcoin’s capabilities and we know halving is very near. So currently it’s another chance to get these high valued coins in cheap and if we buy now at current price then definitely we will make huge profits in the future.

Bitcoin is converging towards the 40K to 45K section. 39-40K is now established as a good support as bitcoin rose back after reaching near 38K and there's a resistance around 45K, it would take some time for bitcoin to break to any of those sides and I believe the price would remain on the same band for the rest of the week.
There's a higher chance of it hitting and crossing 45K than going to 35K as there's a good support at 39-40K and the general trend for crypto had been positive for last few months. It just takes a few good news for bitcoin to rise above 50K.

Looking at the numbers it seems to me that Bitcoin is going to retest $45k and if it crossed then it will head to the ATH of this year but I know the journey won't be as smooth as we expect because there would be multiple fluctuations but I don't see it going back to $35k or below at this moment. We may see Bitcoin crossing $50k once again if it manages to break this year's ATH and sustain above that for a week.

Hmm, for me it is 45k with no doubt, the possible correction and expected zone are already drained in the last wave of the week, now emotional market is stabilizing itself and there's no reason I can find dumping Bitcoin back to the 35k range except for any black swan event. The flow of the market was quite weird a few days back as I was failing to judge the market maybe due to inactivity or missing information.

Anyway, now I'm quite excited about 45k and moving forward. Hehe, let's imagine the first closing of the Feb above 50k ahh what a day it will be. I think Feb will be kind of a confusing month as well, Let's wait and see as whales might be able to trap a few more weeks hands.

I have no idea.

I have a ladder down buy set at

38k
37k
36k
35k
34k
33k

I have ladder up sell set at

50k
55k
60k
65k
70k

So I simply. sit and wait .

while I mine and hodl in the 39k to 49k range

There are two things I'm waiting patiently for it to happen, and that would have a huge impact on the price of Bitcoin going forward, one is the Fed's decision on interest rate, if they will be Hawkish or Dovish in their decision, and the other one is, Technically, there is a candle stick pattern which I'm closely watching to see Bitcoin form completely in the next couple of days base on the monthly time frame and that will decide whether February continues the bullish momentum or not.

I have  a little confidence now that the price will break 45k as how it works now standing at 43k and above , as if  the price will go that 35k it should have happened before now .
also considering that there might be correction again but that does not enough to make the value down to 30kish again so I'm going to vote in 45k and above

https://coinmarketcap.com/currencies/bitcoin/

or Maybe I am too confident that the big boys will enter anytime soon now?  ;D :D ;)

It is never going back to $35k. We just got the big sell-the-news / grayscale & FTX dumping dip and that only made it as low as $38k. Now it's at $43k and as the Grayscale ETF selling is likely largely over the ETF market is going to provide a nice tail wind to the price, and of course the bitcoin market in general was already going to be heading up as we near and pass the halving, so a dip back to $35k will never happen at this point. That $38k was the last shot for sub-$40k Bitcoin we'll ever see (I mean its still only at $43k it could always randomly dump back to like $39k from this point but the price is building up now so if that doesn't happen in the next week or two that's probably the last shot at under $40k it'll ever have).


I'd expect $50k to get hit next month, basically returning back to where the market was at as the ETFs hit, but with the addition of a bunch of bitcoin being absorbed into the new ETF market so a bit less supply in the market and therefore higher price over $50k.

I think Bitcoin price Next price will break $45k.Today Bitcoin price already cross $43k. And now It's movement towards $45k+ i think. I also think Nest $45k then, $50k then, $55k it will continue till new ATH. I am buying Bitcoin from $23k and still i am trying to buy more Bitcon before $50k and i will sell it when Bitcoin price will hit minimum $70k. And i think it will happen within short time. Because some DAY ago Bitcoin spot ETF approved and near future Bitcoin halving will happen. So never will back Bitcoin price in $35k again.

After a week of ETF approval that made people raise question marks as to why the price did not increase after the approval of the Bitcoin spot ETF.
Coming back to $43,103 from $38.5K shows Bitcoin is performing better. I have no idea what price Bitcoin will reach before the halving.

Two possibilities in my opinion. My first possibility, $45k could happen before this halving and another correction that doesn't come out of $38K.
The second possibility will not reach $45k if there is a global market play.
Honestly, neither possibility is a problem for me.

“$45K, re-test the Weekly highs” – yes, that is my current answer. I hope that actually happens once the market is really affected by the high selling pressure. Correction or consolidation is very possible - but bearish is unlikely. High selling pressure allowed the price to correct again to the $38K to $36K level - but I tend to be optimistic about the price recovery after the big correction in the last 20 days.

The fundamentals may not be that great right now - but the price won't correct for long and it might be time to wait for a recovery and get bitcoin to test $45K again. If bitcoin price does not stay above $43K today - then it is possible that $40K will be tested as new support.

In normal circumstances the price of bitcoin is unpredictable and its very obvious that bitcoin price can rise today and tomorrow the price of bitcoin may fall back, so therefore we saying that bitcoin price may or not rise above forty-five thousand [45k] the way the price was is just a personal assumption, I know quite well that bitcoin price act base on the total number of patronage and secondly when the demands is higher than the demands, so therefore this price of bitcoin  that is falling now it may rise tomorrow unexpectedly

prices ahead of halving if there is a price correction, buy. because after halving the price trend will continue to rise until 2025. until the new ATH in 2025 after that the price will slowly fall again to the bottom of the new valley will slowly rise again. routine and price movements when halving yes like this.

Just to set my mind is to think that every price point is valid until we leave them for so long. So, $35k and even $30k is still in the radar if ever a huge plummet goes down.

While for the top, this time we might go close to $45k and even higher than that. For the sake of setting my emotion and heart, I'd expect any price that we might see here and there.

45k would be the most logical choice, we are very nearly there anyway within grasping distance so why not.    I'm optimistic to that outcome as its so near and just seems right to be positive however I will qualify that optimism by saying I want BTC to trend above the 50 day average.  If its going to keep dipping below like its floundering in the open seas, then I presume it dives and we must wait longer for higher.
  There is resistance as we go higher, regularly I would expect some selling.  The very bullish commentators would just expect that selling met by equal and excess amounts of buying but they dont always meet up hence we can go down first before rising later.   

The price rebound upward was surprising. Last week, we were seeing downward pressure below $38,000, but as soon as it touched this level, the price rebounded quickly. Does anyone know of any positive news that affected market sentiment to this extent?

The possibility of returning below $30,000 has become slim, so we are talking about $32,000 as a bottom and $48,000 as a peak.

When you say "consolidate" do you mean something like "stall out"?  That's one of those words I hear in the financial press all the time but never know exactly what's meant by it.

In any case, given that we're headed upward again and bitcoin's sitting at ~$43k as I write this, I'd have to say it's going to hit $45k sooner than it's going to drop back down to $35k.  Of course my track record for predictions is hideously pock-marked with ones that turned out to be so wrong it's not even funny.  But at this point it does seem way more likely that the market for bitcoin is going to remain bullish than it is to suddenly turn sour and give us a dip of $7k or so.

That's not to say it's impossible, because it isn't.  I've been shocked by how dizzying the price swings can be in the past, so I'll just leave it at that and say I've got my fingers crossed that we're not in for an unpleasant surprise.

Easy $45,000. I think the sell-off is finished now and we're about to be going $45,000 and beyond. There was so much selling pressure around $40,000 which caused the price to go down even below $39,000, but only quickly. I guess the demand was equally strong and was able to absorb the dump made by early investors and the FTX estate as well. Eventually the consolidation happened at $40,000, paving the way for the official recovery which we are already in the middle of right now.

Well we are like $1K or so away from $45K so the odds are in the favor of hitting $45K instead of $35K at the moment. I think we will see $45-46K but hopefully it doesn’t close as a wick when this week or next week ends.

Usually when the local top peaks there is a retest which comes close to the prior high and it fails and that is when usually the bears come out and it marks a failed high and reverses from there. Hopefully that won’t be the case here.

If I explain my own opinion on Bitcoin, I would say that Bitcoin will stay between $45,000 and $50,000 this week or in a few days. Bitcoin will cross $50000 before halving but we saw the market as Bitcoin reached around $49000 after the ETF approval news came out but from there it dumped back to $38555 and now the market is pumping again and from $38555 to $43700. But from here, the market may move to between $45,000 and $50,000. But the dumping that will happen after this, Bitcoin can come between $35,000 and $32,000.

Bitcoin will be retesting $45k in the coming days. $42k is the crucial support zone for BTC. If this support breaks, the BTC price will go towards $35k or below. I am looking to buy some in the $33k to $38k range. With the new BTC address on the rise, I think more investors have been buying the recent BTC dip. If BTC follows past trends, we will have 1.5 years of bullish activity.

Nicely said and I don't think I can mince the word in this regard. I expect Bitcoin to first hit $45,000, that's if it will ever hit $35,000 at all in the next 2 years. From what I see about Bitcoin, it is a bullish market in the long-term disposition, halving/ETF or not, the market has already formed a bullish pattern on the larger timeframes and this will last longer than people often talk about thinking that it is all about ETF and halving. This is an asset, it has its own market psychology and once it has attracted the attention of determined investors, they do not buy and sell easily, they also hold their position for a long duration of time, and that is often what preserves the trend of markets.

First, Bitcoin had some setbacks a few weeks ago, and my reference level has been $40,243, for this, anything the price action states above or below this level is my call at this point in time, and for now, it is a bullish call. This is aside from the fact that the market is bullish in the long-term view, the $40,243 is a short-term trading scope that if again aligns with the long-term bullish outlook, then a correction might have ended and Bitcoin will resume the overall bullish trend that might not only hit and breach your level of $45,000 but also hit the year's ATH at above $49,000. Fortunately, the bullish price action is set already, so Bitcoin will continue to rise henceforth. The market has also hit the 1D Fibo level of 23.6% at $43,606 today as discussed here (https://bitcointalk.org/index.php?topic=5482334.msg63530292#msg63530292). It might take time to breach it higher but it will.

We ca see in the votes result what is the pulse of Bitcointalkers and that is to break 45k and re test the week because this is what the market is showing now after a couple of days falling now  the recovery telling us about what and how will it go this quarter as  January is near to end.
After Halving we are not sure if there will be increase or at least to break 50k , but assuming that it will be the problem is that we are still far from the 4 years cycle in which speculated coming in march or april next year.

I guess you could consider it as "stalling out" for the time-being, but otherwise I consider it to be the consolidation of price change. Ie once as asset has increased by a certain amount, in this case 3x in value, it often takes time for buyers & sellers to agree that the asset is worth what it is trading for (in absence of a correction or trend reversal). Generally it means trading sideways within a certain price range.



Notably, since this analysis was posted, price has managed to work it's way through the 4hr resistance around $43K, and even closed a Daily candle back above the 50 Day MA, so I'll admit for now half of this analysis has been invalidated. I'm still under the impression that the Weekly closing highs above $44K will act as resistance, after the high voluing selling earlier in the month, but alas this might not last long either.

The only slight warning sign is that the CMF on the Daily has continued to decline in bearish territory since the recent low, highlighting more sellers than buyers within the current rally back to the upside, but on it's own that's not really enough to say that price will reverse either. Despite there be more market selling than buying with price increase, price could still none the less continue to the upside for now.

I'm 100% expecting more months spend int 30-39k range, Bitcoin usually needs to crash a little bit around halving and that's not yet happened.

I know patterns don't have to repeat every time but I personally think this isn't about patterns but about what must happen after getting so hot for last 6 months/1 year.

What new BTC address are you talking about? Curious.

There's a good chance Bitcoin may get to the $45k before halving, recently it's been rallying around the $38k-$42k which is clear there's a support around the $38k price mark and a possible resistance at the $45k that Bitcoin is hoping to get to and possibly break because in a Long time that resistance hasn't been broken so it may want to break that resistance and stabilize around the $40k - $45k rand till halving so it will have a better range for the next volatility that will birth the next Bull run that has been most in anticipation.

Bitcoin may possibly get pass the $70k mark during the Bull run market because there have been a noticable volatility around Bitcoin price recently and this may increase much more when it's the Bull run which may have the capacity to trigger the fast rise to the $70k price mark.

Looking at the prices, 45k is right there and could happen a lot easier of course. However, the question should not be if we could go beyond 45k or not, the question should be, would we have a chance to actually make something out of this or not? I think that is the most complicated one, and it would definitely reach to a point where it would not be all that easy. I get that people are seeing this as easy task, but when we go over it, the price goes down again, that is the most important part.

This is why we should consider how the situation we have right now is not that easy and could be considered a little different, if we go over that's great but more important part is staying above, if we can do that that would be even better.

I think there's more than a good chance Bitcoin hits $45K by the halving.  I wouldn't doubt it if we see $52K and possibly even a breakout if we get above that level before the halving.  The only thing that could keep us below $45K by April in my opinion would be the distribution of the mtgox coins, which could happen literally any day now.  They're currently confirming distribution information and once that is done, I'd imagine distributions would follow shortly thereafter.  It's just a matter of how long it takes to confirm everything, which could go quickly.

Right now nobody knows if bitcoin will increase to 100,000 or to 25,000 because the price of Bitcoin right now is very surprising it differs from the higher concentration to lower concentration in which right now is unpredictable nobody knows if they falling point will continue to fall why what is doing now is retracing in order to achieve another height so the price of Bitcoin I don't think that it will reach to the appropriate prediction of people of 2024 but the market with determine if the price will soon return to it base

Yes, it's really very hard to predict where the price will go, when we have the approval of ETF's everyone is shouting $50,000. But guess what? the price went to $39,000. Now, after a few days, it settled down a bit, and at the start of the week, it goes to $43,000 but then on another correction to $42,000.

It's the end of the month, so far we just had like 2% growth this month, as compare to last year wherein we have a tremendous growth of +39%.

So we will see, I definitely would love to see $45,000 next, but I wouldn't be surprised if just one negative news around, prices going back below $40,000 again.

We are still in the support zone for now, and it seems going to hold that $42k line. We also have to understand that it's the end of the month, so maybe there are some who sell because they needed to pay some bills.

Nevertheless, looking strong going into February, and yes, I don't think that we will break apart again, and on the contrary we might see some runs at $45k in the first two weeks of the new month. And if it falls then another great opportunity to rebuy, easy as that.

That's right. We can only predict where the Bitcoin price will move. Now, Bitcoin price is still at the $42k level and has not shown any signs of upward movement. But we can still hope that this month, there will be a minimum increase to the price of $45k.

But if there is no significant movement and the price of Bitcoin remains in the $40k-$43k range, that's okay too. We are still allowed to buy in the dip and keep it. Or we can also trade in that price range because some of my friends can make a profit now.

It will be increasingly difficult to predict Bitcoin's movements because Bitcoin is becoming increasingly popular. And many big companies are getting into cryptocurrency to take advantage of it. We are now at the end of January, and the price is still around $42k. In the next month, there will be an upward movement that can break the price of $45k. Let's just wait.

Predicting bitcoin price in the short-term trend is really not easy, bitcoin could drop to 38k USD and recover strongly to wipe out the liquidity of long orders. Or you can also move backwards to liquidate the short order. It is really difficult to know where it will go, but I am sure that in the medium term, bitcoin will have a recovery and increase in price before the halving. Halving is arguably the biggest catalyst to start a bull market and market makers will once again take advantage of this news to attract new participants to the market to create liquidity for them.

At this point in time I don't think anybody can predict Bitcoin price with the way it is. Today you see it moving up and the next it's going down, like it doesn't have a direction and the high expectations many people have for it this year is not what they're seeing.
To me I was expecting the price to be much higher than $45-50k+ but it hasn't gotten past $45k and keep going instead we have it dropping so fast to either $39k or $40k, is really disturbing to investors and traders. Can we ever see it get up to $50k before the halving? No one knows what to expect in the price as it is.

Since dropping drastically under $39k bitcoin have good recovery but still need time raise to stable price, current highest bitcoin price today above $43,700 but easily dropping $1000 and bitcoin current price right now $42,600.
Actually difficult for predicting with bitcoin price in short or long term although have near future with halving but bitcoin still not stable price exactly since ETFs approval.
Last several days, bitcoin not has significant movement between drop or pump and stable around $42k, for short term predicting seems bitcoin movement stuck under $45k but we can't expected for long term predicting how potential moving with bitcoin price exactly when few weeks left before halving has chance create new high price?

Seems need time for recovering bitcoin will raise to $45k to $50k in short term because can't stopping with bitcoin correction after raising higher price few percent and bitcoin easily go down to lower price. Have long term for bitcoin keep existing in the higher price and stable around $50k if want make highest price in the next time.

I would say it is doing fine, yes it is not really going on direction and not super high like people predicted, but it is not going down neither, not a lot at least. I feel like we still have time, it's been one month and people are already expecting a lot from it, I think we should feel fine about it and not really consider it anything major.

I understand that it may feel like it could be boring at this moment but it's just one month, 2024 has another 11 months to go and as we can see even from just this month, bitcoin is a volatile thing and could move differently. So, we should consider the possibility that many things could change, and that would be a very serious situation to care about as well when the time comes, that matters.

Super high? No, many people (like me) expect it to be around $50k+ and the super high you talking about should be $80-100k+, the expectation hasn't gotten to that amount to me. And what do you expect from it when we're suppose to see something higher but we get to see Bitcoin price trying to go back to $30k, is not healthy in the market price and I feel some investors and traders have already started panicking about the weak movement of the price.



One month can change a lot of things, it can bring the price of Bitcoin back down to $25k and it can as well bring it up to $75k+ so people have to expect much higher price from it, the price need to go higher because we're getting close to the halving which is by the corner so any positive changes that needs to happen should happen from now.

This wish can indeed come true, but is it not possible that a correction will actually occur?
If there is no correction, it is possible that before the halving, $45K could be reached, because so far the movement has been heading that way, but it seems like there is no strength to continue increasing; instead, it falls again.After the halving, I think it will soon exceed the ATH however, the influence of the ETF will, in time, provide encouragement for Bitcoin to continue to increase. Hopefully, this will be good news for the Bitcoin movement in time.

Bitcoin will go higher from current price of 42k$ to 45k$ because now the market is good but still there is no gurnatee about ups and downs as after ETF approval people was in thoughts that price will go to 50k$ but unfortunately it again reached to 39k$.

We can just assume the future price and take decision according to it but it will be describe by the future that what will happen. 35k$ is lower price and I don't think that it will again reach to such price but it is cryptocurrency which volatile market therefore take every prediction as prediction because when it fails to happen then it makes an investors disappointed.

I'm bullish for the halving. We'll most likely continue to go up with bigger or smaller corrections, depending on the news and how much GBTC decides to unload.
We depend on the news right now and the general trend is up, but may face significant resistance if the media decide to manipulate the market, the way they did it before the approval of ETFs by the SEC.

I'm sure we'll be above 50k after the halving, but it may happen that we'll go there next month. Nobody knows, but what you should be aware of is that we're above the 200 WMA and even a fall to 32k would still be a sign that we're in a bull market. We'd have to fall below 30k for bitcoin to look weak, so we're on the right track to the new ATH.

The ATH to come is what everyone is watchful about now but it's not going to be as easy as many people see it to be because the market is really unpredictable and no one and I mean absolutely no one knows it to the fullest and thats the beauty of Bitcoin. We all draw our conclusion from past events and speculation sighting to what maybe and what not so expecting Bitcoin to touch 50k isn't really certain, for me I think this current market will prove alot harder to break past although the price is lingering aroused but there is every certainty that a free fall may happen.

Somehow this question is far harder then it should be, any other prices we'd already have a question answered but the continual ping pong in prices repeats the dilemma every day without progression or indication apparently.
https://www.talkimg.com/images/2024/02/01/k0xwg.png

Lows are the weekly average on the 4hr bar the high prices are the same price we've held for like 2 months now bar a brief blip up for 4 days  near start of January.
  I do think the vice is tightening, the moving averages are converging which suggests we find a resolution in either direction or dance along an ever finer razor blade till we slip or jump higher.  Today we end the day above the 50 day average, yesterday we lost it but not conclusively apparently.

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

Well I'm not sure who are those people that you called expecting price to reach 50k before halving because we all knew that Bitcoin and the whole market is suffering from dumping when halving is nearing so I think you missed that part.
can't even stay in 43k that long , instead keeping to goes up and down things that make me believe that this will be the trend till after halving.

I don't know if we could break 45k now because it looks like getting harder to even reach 44k
again , while 38k is the lowest recently and we are turning into what will really happen, but for me as
holder I am ready to what will ever happen , if the price will keep its position then its fine but if the
price drops to 35k then this is much better for me because I can accumulate more again .

If I were to make my own predictions on the Bitcoin price test, I would say that Bitcoin could be between $45,000 and $50,000 in a few days. We see Bitcoin currently hovering between $42,000 and $43,000. As our next bitcoin halving is near, the market will go up a bit before the bitcoin halving and the market will dump a lot before the bitcoin halving. So it's pretty safe to say that Bitcoin will be between $45,000 and $50,000 in a few days and may go back to $32,000 to $35,000 before Bitcoin halving. But that's not the point here, those who are waiting to invest can invest and if you think to invest from the bottom then of course you can wait for a long time. Also if you invest using DCA method without market analysis then it will be the best investment method.

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

It's not just past events, but a number of things like math, supply and demand, scarcity and many other.

We will have an ATH because we will have the next halving and then the next, so we'll be getting less bitcoin added to the pool by miners. We know that the demand is there because countries and banks are interested in bitcoin, not to mention billions of dollars in ETFs. Then there's the problem of money printing. The more money is being printed the less it's worth, while bitcoin is finite, it will continue to go up against fiat currencies. It will have its ups and downs, but a year from now it will be higher than it is now and then again and again.

When someone followe some of the predictions of people it might lead the person to disadvantages side, because some of us doesn't make a proper research before they speculate to us, one thing that is more important concerning predictions is to make your research and come out with your research analysis, but we do depend on another person predictions which is one of the things that is bringing us down, another thing is that in bitcoin predictions or the market predictions you can to observe the market very well before you can do anything because any information you bring up concerning negative side of bitcoin people will carry it up

As an update for the thread, although price hasn't changed much this week, I'd argue that the structure is becoming somewhat clearer, even if the directional decision has yet to made.

4hr

https://s3.tradingview.com/snapshots/a/AhScWgzf.png

This is the time-frame that I find concerning, even if not yet bearish. On the one hand, price is back above the volume point of control (of almost 2 months) and the Ichimoku Cloud, which should be treated with a bullish bias while this remains. On the other, bulls are struggling to push beyond $44K, as well as maintain the 200 MA, and there are lower highs forming. After the bearish cross-over of the 50 & 200 MA last month, for the first time in 4 months, the MAs are flirting with the idea of a bullish cross-over again. However doing so with price below would likely indicate a bullish fake-out rather than return to a bull trend.

Daily

https://s3.tradingview.com/snapshots/g/GgOmwV18.png

Probably the more interesting time-frame, the Daily, price is very clearly trending within the bullish Ichimoku Cloud, despite the bearish crossover of support and resistance, which may cause a bearish effect in the second half of the month. The 50 Day MA is becoming insignificant, as price floats above and below, and it remains likely to remain in the support band for another week, which would create a range between $44K and 45K, as price continues to test the upper and lower boundaries of the bullish cloud structure. The real test remains reclaiming $45K, as well as Weekly closes back above closing highs of $44K.

There are otherwise conflicting bullish/bearish signals with other indicators, which are best ignored as they continue to cancel each other's relevance out.

According to CMC or CoinGecko, the price increased to around $48,7k in January 11. The price of Bitcoin still couldn't break $49k, dude. Yes, it dropped quite large after the approval of Bitcoin ETF. It is actually the opposite of people's prediction, most people predict the price will increase significantly. Now, the price was below $45k, it is around $42k - $43k. I still have no idea about when the price to break $50k because the price of Bitcoin looks very struggling to pass again $45k. Maybe a month before the Bitcoin halving, Bitcoin price can pass $50k due to the hype of the halving.

It is not as expected, Bitcoin price dropped after the approval of Bitcoin ETF. I think there are whales who don't want to see the price of Bitcoin easily pass $50k now. They want to collect more Bitcoin, so they are trying to dump the price. But it may return to the right way again in the next 2 months because we will have Bitcoin halving.

You might want to know how a bitcoin ETF works, it has obviously seen its price drop hugely post-approval. The heavy selling done so far has made it difficult for the price to break through the $50k resistance. That's a really bad consequence for the bitcoin price after the ETF, but there's a lot of good hope in the long term.

If you are a holder, you should ignore short-term volatility and focus on long-term potential. The halving is approaching and holders can expect the price to rise after that, but as I said, ignore the price volatility in the short term and focus on building a portfolio.

Yes, that's the wisdom that we should learn, we should look for long term and not just be emotional every time the price will drop. Now after the 1st week of this new month, we have bounce back to $43k already. And I think we could have at least forgot about the Bitcoin ETF effect for now. What we should look forward is the block halving because we all know that this is the catalyst and not the approvals. So we still have months before that activity, and so again, look for long term, accumulate because we still have time. It's going to be a learning process again to all of us, even experience investors who knows the game might be not satisfied with what they had and so learn and un-learn should be the cycle before and after the halving.

that is not how the technology of Bitcoin works the increment of Bitcoin comes through the demand and the supply of Bitcoin so when the demand is lesser they increase of Bitcoin will start getting a deficiency in the market so everyone know quite well that it cryptocurrency investment especially Bitcoin experience falling and The Rising almost every time so you cannot justify it in one aspect like rising continuously every time and it also experiences falling and that is what balance the equation of the market and also make the market to be strong so bitcoin is unpredictable

What can you say about the price in the last 24 hours?

It seems that it's what the OP has predicted, as we might go on $45k and not that $35k? It's not that it's a conflicting signs, but we might be back into the bullish state for now.

So let's see how it goes, I think this February alone, $45k is on the horizon and next month as we get closer to the block halving, we might see $50k at least.

Well we have our answer now, the price is currently $45,200. It’d be nice if we have a pre-halving rally, we’re definitely about to enter the fun zone of this cycle.

I hope we never see $35,000 ever again, if that’s at all possible.

Bitcoin price: $46K towards $47K. Today at the time of writing.

The current market chart situation, Bitcoin is already at a selling price of $46,346 for the BTC/USDT pair.
Trying to analyze where the Bitcoin price chart will go, I have a speculation that the price chart will stay at the selling price of $46,000 in the next few days and $45,000 will be the support price.
After spending some time at the exchange to monitor market traffic, it turned out that the buying demand was greater than the selling price offered. If the buy ask at $46,204 is 10, the sell bid is only 0.11 or so but there is no single bid, unless they are all combined.

In my opinion, the potential for price strengthening is very good for this week in February. According to what I know, this is a good sign towards halving.

Bitcoin price is always above $46200 today. I think Bitcoin will stay above $45000 throughout the month of February. I don't think bitcoin will ever go below $35k before the halving and it always looks like bitcoin will stay above $40k before the halving.
However, it is not possible to predict anything with certainty about the Bitcoin market because the Bitcoin market often depends on various positive and negative announcements. If there is a good announcement in the market then the market is likely to increase or if there is any negative announcement in the market then the market is likely to undergo a major correction.

And I think this is going to be the comfortable area for us, before we enter the halving at least $45,000-$50,000. Yes, we are going to enter the fun zone, and for those who have been HODL, this is going to be our time and see how big this bull run is.

Anyhow, let's just enjoy the price action for this month. I don't think that we will see $35,000 again. I'm not saying that it's not possible, but with the way investors are thinking and looking forward for that big event in April and continuing to stack sats, that price is going further away from us.

Bitcoin is on the move again, surpassing $47,000. there's a chance it might re-test support levels, but hopefully, it won't dip near $35,000. Personally, I'd rather not see it drop that low. This cycle might be different from previous ones, possibly without a significant bottom. It's possible that this cycle could be faster. Right now, we're in a bull market, but there's no guarantee that Bitcoin will reach a new all-time high this time.

and it's important to be prepared for any outcome.

Locking thread now that the market has made it's decision. Personally while I wouldn't mind a pre-halving rally, it does make me wonder what will happen after the halving, if price is to continue rallying to the upside leading into it. Either way, I still think we're overdue consolidation, even if it's simply sideways rather than to the downside, for somewhere between 3-9 months, prior to a 2025 bull market.

The only question that remains is where this consolidation comes from, whether it's after reaching $50K, $60K or even a new ATH...