Will BTC go back to $40K - $30K range before a bigger rally?

[Freddie Boyer]

Thank you very much for your valuable reply. For your information, let me tell you that I bought Bitcoin at the time when Bitcoin was at $16,000 and of course,  the bitcoin bought at that time haven't been sold yet because for me, Bitcoin is not a daily profit and loss asset, but for me, Bitcoin is a future investment that I would like to hold for another four to five years.

It's great to hear that. keep saving friends. soon the BTC song will reach 80K

However it is very important to know that BTC will go down further or up from here, so I always like to get opinion from senior people like you that's why I ask and the more one asks the more one learns there is nothing wrong with that, in my opinion.

Don't think that the news about everything decreasing is just for a moment, friends, if necessary, increase the load again. You are one of the luckiest people, where many people are always updated and there are no predictions of ownership prices at all. keep holding on bro.

[GigaBit]

So can we expect a major correction or it's going to go up again and reach $80K before halving?

After a bullish trend the Bitcoin price may turn slightly downwards which we call a price correction. But that correction must be within a range. If it goes down further from the current bitcoin price I would expect it to go down to 50K but if someone expects more than that I would disagree. Because the market is not yet completely bullish. As we expect to be bullish at this point there is no chance of going that dip at that point. If one waits to buy then one must buy bitcoins between 60k and 70k. This is definitely not the time for those envisioning a major dip. When it comes to Bitcoin price speculation, there is no point in speculating what you want but we should not do any speculation that is not realistic.

[Lidger]

This happens regularly in the market, so it is not unusual to happen, but the way the market is currently moving, it seems that the market will not come down as much as you predicted. There is enough support in the market and depending on that support, the market is trying to break the resistances and move upwards. But this condition of the market has happened in a short period of time so now it is normal to have some dumping in the market but the amount of dumping that you mentioned may not happen this season. From what I understand about the chart of the market, I think that the market can dump a little from this situation and pump again in a big way. Every investor is probably expecting Bitcoin price to touch $100k within this year and I am expecting the same.

[khiholangkang]

This happens regularly in the market, so it is not unusual to happen, but the way the market is currently moving, it seems that the market will not come down as much as you predicted. There is enough support in the market and depending on that support, the market is trying to break the resistances and move upwards. But this condition of the market has happened in a short period of time so now it is normal to have some dumping in the market but the amount of dumping that you mentioned may not happen this season. From what I understand about the chart of the market, I think that the market can dump a little from this situation and pump again in a big way. Every investor is probably expecting Bitcoin price to touch $100k within this year and I am expecting the same.

I agree about bitcoin will not reach the $30k-$40K level again until 2025, because currently the holding trend is much better than what we predicted, and don't forget that a lot of institutions continue to accumulate bitcoin to this day, they are buying gradually and continuously so it is very difficult to reach the $40k price level when everyone is racing to collect more bitcoin.

But to the $50k level it is still quite possible because we need to do a retest, but in the previous momentum when bitcoin touched that area then turned back and now to the $69k level again, bitcoin has always been excellent and we will see $100k if the activity of bitcoin buyers is like this.