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Question: Where next for price to reach?
$45K, re-test the Weekly highs
$35K, 200 Day MA support
Stay around $40K for longer
No idea, see results

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Author Topic: Bitcoin price: $35K or $45K next?  (Read 388 times)
onecall123
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February 09, 2024, 02:08:59 PM
 #61

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 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.

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dragonvslinux (OP)
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February 09, 2024, 02:51:18 PM
 #62

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.

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...

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