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Bitcoin Price Betting - Where's BTC Going Next?

Bitcoin Price - January betting ends in 11 hours, so make your predictions, place your wagers and you can win BTC!

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[Fivestar4everMVP]

Bitcoin Price Betting - Where's BTC Going Next?

Looks liked we are going down, but I sincerely hope it be but for a moment, it turned out that the SEC were wiser than we all thought, they managed to manipulate the ETF approval news, and turned it's effect into a "sell the news" kind of thing, when we were all hoping that the ETF approval will usher us in to another season of bull run all through this year and the next year.

But then, hope's not lost, it is commonly said that when a old person takes something that belongs to a child and raises his or her hands up, when his or her hand starts paining him or her, he or she will bring his or her hand down and the child will collect back that which is his or hers.

What am I saying in essence, we are yet to witness the pump that the ETF approval is supposed to bring to the price of bitcoin, and this is because SEC are holding that price pump hostage  , and when the time is right, they will release it and we all will witness another months of bull run.
Lets start accumulating even more bitcoin now that price is going down..

[TheUltraElite]

I don’t think they will close anytime soon, but you never know offcourse. If you have invested in the premium membership by buying some FUN tokens, than I think your ROI is about 1-2 years. Been a while since I last did some calculations, but if you take everything into account, your ROI is pretty fast.

1-2 years? The interest rate on their investment without premium is 4.08% and with premium is 5.1-ish that means a minimum of 25years or 20years respectively to turn 1BTC to 2BTC. Where are you getting 1-2years from?

Of course I want them to run for longer than that. We should dwell on the negative and keep our vision on the positives. Since the site has a solid business model of brining in money and paying out money, they should sustain long enough for all of us to ROI and profit beyond that.

Bitcoin Price Betting - Where's BTC Going Next?

Looks liked we are going down, but I sincerely hope it be but for a moment, it turned out that the SEC were wiser than we all thought, they managed to manipulate the ETF approval news, and turned it's effect into a "sell the news" kind of thing, when we were all hoping that the ETF approval will usher us in to another season of bull run all through this year and the next year.

People sold their coins, that is all. Why drag in SEC into this, let them say what they want.

[dzungmobile]

Agreed about this all as we have too much hype after ETF approval

Hype is before Bitcoin ETF approvals, not after SEC announcement and approvals. There are hype before and after SEC approvals but before is bigger and last some months. Price was already reflected in four months before the approvals in January 2024.

Now as we have investors confidence is low, and no good activity is coming with this all momentum can go down and within next few days we can have another drop which is brought this more troubling, but currently any prediction is not possible, but negativity is happening around which is not good for the price to stay at any positive figure.

True investors have strong confidence which is not broken by a 20% correction. From $49,000 to today price, it is about - 20% correction.

People who are panic and fearful now are traders or speculators and they are not actual Bitcoin investors. Newbies can feel fearful too and they need more correction experience like this one, to mature and understand more about this market. Some of newbies will successfully upgrade themselves and become diamond-handed Bitcoin investors in next cycles.

[Slow death]

Agreed about this all as we have too much hype after ETF approval, so mostly members are preventing to place bets about price prediction with most chances we can go for the $37K to $40K as well which is realistic even no one were expecting as few analyses showing this is going to have big booster and good increase in price after this all.

Well, the BTC price has already dropped below $40k and is now in the $37.5k to $40k range, as previously thought. This was expected, but the problem is that it happened rather quickly. As a result, there are still 13 hours left until the end of betting, and the odds for this range have already dropped a lot. However, the odds for the range of $35k to $37,5k still look tempting.

Betting on the bitcoin price prediction has become a very difficult mission these days since the Bitcoin ETF was approved, it seems that the high expectations that existed around this approval have become something that people have started to look at with less enthusiasm, I I remember that before this SEC approval, there were many analysts making predictions that the price would rise a lot as soon as the SEC approved it, they were already talking about bitcoin prices reaching more than $80,000, I even started to think if maybe it was the case for me too I made a bet on the price of bitcoin reaching high levels, but it always crossed my mind that I could make a mistake and lose money. but when I went on social media and read those price predictions made by those guys

I confess that my desire to bet that the price would rise a lot was so great that even I thought about placing an amount of money that was greater than that which I always put into each of my bets. It turns out that I went to buy bitcoin thinking that the price would go up a lot and that I would take a part to also place my bets, but after the approval of bitcoin etf, the price of bitcoin started to fall a lot and entered the downtrend and risks a lot to return to price levels below $30,000 and this could last a few months, looking at the next few months when we will have bitcoin halving, so I predict that the price of bitcoin will start to rise gradually, but even so it will be very difficult to get the prediction right. prices

[arallmuus]

Betting on the bitcoin price prediction has become a very difficult mission these days since the Bitcoin ETF was approved, it seems that the high expectations that existed around this approval have become something that people have started to look at with less enthusiasm, I I remember that before this SEC approval, there were many analysts making predictions that the price would rise a lot as soon as the SEC approved it,

'As soon as' is probably not a suitable words to use in the context. I personally believe that in the longer terms, ETF approval is going to be one of the main reason that the price increases but to be fair the price has been increasing by significant amount since the last 6 months. Thats roughly the time that some of us heard of this ETF approval issue so yeah price spiked and people sold some of their stash, its normal

I guess most people are going to lose their prediction this month huh but yeah its still a week to go, price could still rally

[iv4n]

...
I guess most people are going to lose their prediction this month huh but yeah its still a week to go, price could still rally

Well, betting will be closed in 5 hours, so there's enough time for people to make another bet if they believe that they will lose. Maybe the price can change direction and start to rise, but I think we are going down a little more... at least I like the odds for $35k - $37,5k (x12.6) so I made a small bet on that range, after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

[Mahdirakib]

~snip~ after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

I'm expecting the price to rise again on the last week of this month. Most probably Bitcoin price will stay above $40k range. The outcome odds are also nice for the higher price ranges. I had placed some early bets, which are above $50k ranges. I was positive about the Bitcoin price movement when I placed my bets. But now it looks like there is no chance for me to win my bets.

[SATWAT]

~snip~ after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

I'm expecting the price to rise again on the last week of this month. Most probably Bitcoin price will stay above $40k range. The outcome odds are also nice for the higher price ranges. I had placed some early bets, which are above $50k ranges. I was positive about the Bitcoin price movement when I placed my bets. But now it looks like there is no chance for me to win my bets.

Situation is very confusing as I was not expecting drop like this but now as we have this too early now most chances we will have another good run which will bring back this bitcoin back at the rate of $40k to $45k in coming days because most chances we will end with this rate with as few analysis and other predictions are coming this can touch above $50k as well but currently again having $40k is more important if we want to have some better in the future.
There were too many bets which place just for the price high and now this drop breaking hearts but still this is good, and we can have more improvement and strong foundation in coming months for having big breakthrough which could be amazing for the bitcoin holders.

[babygun]

~snip~ after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

I'm expecting the price to rise again on the last week of this month. Most probably Bitcoin price will stay above $40k range. The outcome odds are also nice for the higher price ranges. I had placed some early bets, which are above $50k ranges. I was positive about the Bitcoin price movement when I placed my bets. But now it looks like there is no chance for me to win my bets.

Personally, I see them either stabilizing around $40k range or dropping further below it. The price has been risen a lot because of the bitcoin ETF, and when we finally got approval, the price initially shot up but I guess people are starting to take profit. The mainstream media had also more attention again for crypto and most of the times when that happens, the prize starts to drop lol.

[Strongkored]

~snip~ after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

I'm expecting the price to rise again on the last week of this month. Most probably Bitcoin price will stay above $40k range. The outcome odds are also nice for the higher price ranges. I had placed some early bets, which are above $50k ranges. I was positive about the Bitcoin price movement when I placed my bets. But now it looks like there is no chance for me to win my bets.

I checked the price range of $45,001-$50,000 where I bet and this is my only choice at the moment the odds are around @ 9.69 and maybe it will change in the final calculations, and it looks like the price range I chose will not happen at the end of this month even though there are still a few days left, but looking at the trend seems stuck, it seems the highest price at the end of the month will only reach $42,500 but lower than now is very possible.
The Bitcoin ETF really influences the price of Bitcoin so that it increases, but as usual it is only temporary, so I am ready to see that this bet will lose because I didn't choose another price range.

[FinneysTrueVision]

I don’t think they will close anytime soon, but you never know offcourse. If you have invested in the premium membership by buying some FUN tokens, than I think your ROI is about 1-2 years. Been a while since I last did some calculations, but if you take everything into account, your ROI is pretty fast.

1-2 years? The interest rate on their investment without premium is 4.08% and with premium is 5.1-ish that means a minimum of 25years or 20years respectively to turn 1BTC to 2BTC. Where are you getting 1-2years from?

Of course I want them to run for longer than that. We should dwell on the negative and keep our vision on the positives. Since the site has a solid business model of brining in money and paying out money, they should sustain long enough for all of us to ROI and profit beyond that.

You are each referring to different investments. Investing in the premium membership by buying tokens, reaching 100% ROI should be much quicker in theory. For me it's been nearly three years and I'm still not breaking even due to FUN token's loss in value.

Investing BTC to earn daily interest, you are already breaking even on day1 because your 1 BTC investment is still worth 1 BTC. To reach 100% ROI, and doubling your BTC it should be sooner than 25 years even if you aren't a premium member, never make any deposits and never earn any sats from other sources like the faucet and WOF. This is because your interest is compounded daily and over time you earn more each day. According to an online compound interest calculator, it should be about 17 years with a 4.08% annual rate and 14 years with a 5.1% rate.

[Fivestar4everMVP]

~snip~ after making a nice rise I think it's time for a downtrend. Some people made bets on lower ranges, pretty nice odds, I must say I was tempted to place some bets on them as well, but it would be too much. Good luck all!

I'm expecting the price to rise again on the last week of this month. Most probably Bitcoin price will stay above $40k range. The outcome odds are also nice for the higher price ranges. I had placed some early bets, which are above $50k ranges. I was positive about the Bitcoin price movement when I placed my bets. But now it looks like there is no chance for me to win my bets.

I checked the price range of $45,001-$50,000 where I bet and this is my only choice at the moment the odds are around @ 9.69 and maybe it will change in the final calculations, and it looks like the price range I chose will not happen at the end of this month even though there are still a few days left, but looking at the trend seems stuck, it seems the highest price at the end of the month will only reach $42,500 but lower than now is very possible.
The Bitcoin ETF really influences the price of Bitcoin so that it increases, but as usual it is only temporary, so I am ready to see that this bet will lose because I didn't choose another price range.

Today is 24th and only about 6 to 7 days left before this month finally comes to an end, and personally, I would say that expecting the price of bitcoin to top or even reach $42,500 before or during the month ending seems unrealistic, and this is because since after the ETF approval, the price volatility of bitcoin have significantly reduced, in the sense that, the price is either stable or going down most of the time.

So again, the price of bitcoin will definitely reach $42,500 and even beyond, but this is likely to happen as from next month as we draw closer to the halving which is coming up in the Month of april if I am not mistaken.

But this is not me saying impossible though, for anything is always possible as long as its crypto we are talking about.

[piebeyb]

So again, the price of bitcoin will definitely reach $42,500 and even beyond, but this is likely to happen as from next month as we draw closer to the halving which is coming up in the Month of april if I am not mistaken.

But this is not me saying impossible though, for anything is always possible as long as its crypto we are talking about.

The daily charts are supposed to be above $40k for the next 7 days, but that could fail if in the next 1 or 3 days the price is still below $40k, then it will continue to be below it, even down even further, maybe around $34k - $35k, but If the Bitcoin price manages to maintain the price above $40k again, it is possible that the daily charts will give a signal for upward support in the next few days, exactly 7 days from now.

It's difficult to follow price predictions for this month because there is too much news about ETFs and others out there which is too exaggerated making the price of bitcoin seem less consistent, but I believe that if the price of bitcoin remains above $40k now they will start to rise again above $40k perhaps around $42k or $43k for the end of this month around January 31st where the bitcoin prediction results will come out and determine who will win the bet. I bet above $40k, the current price has touched $40k again when I posted this, I hope it continues to hold for the next few days.

[Fivestar4everMVP]

So again, the price of bitcoin will definitely reach $42,500 and even beyond, but this is likely to happen as from next month as we draw closer to the halving which is coming up in the Month of april if I am not mistaken.

But this is not me saying impossible though, for anything is always possible as long as its crypto we are talking about.

The daily charts are supposed to be above $40k for the next 7 days, but that could fail if in the next 1 or 3 days the price is still below $40k, then it will continue to be below it, even down even further, maybe around $34k - $35k, but If the Bitcoin price manages to maintain the price above $40k again, it is possible that the daily charts will give a signal for upward support in the next few days, exactly 7 days from now.

It's difficult to follow price predictions for this month because there is too much news about ETFs and others out there which is too exaggerated making the price of bitcoin seem less consistent, but I believe that if the price of bitcoin remains above $40k now they will start to rise again above $40k perhaps around $42k or $43k for the end of this month around January 31st where the bitcoin prediction results will come out and determine who will win the bet. I bet above $40k, the current price has touched $40k again when I posted this, I hope it continues to hold for the next few days.

Well, a good analysis from you there i must say, and yes, I was actually watching the market and did saw that the price of bitcoin rose and did reach $40k again, and even went above that a bit, but it has as well dropped a bit and right now trading at around $39,850 dollars, and I understand that if bitcoin will maintain a high trading volume which should bring about high volatility, then this increases the chances that we may see bitcoin reaching and staying above $40k before and by this month ending.
But personally, I am still going to want to assume or believe that it's until next month before we start seeing bitcoin making any significant up moves, and this is if the sentiment of the market remains positive in the sense that, there is no outbreak of any bad news that is capable of dragging the market down.

I am actually going to bet on bitcoin trading above $40k by the ending of this month, but I am not going to count on it anyways, it's a bet I am going to believe is as good as lost, but if luckily it wins, then lucky me and everyone else who bet exactly the same.

[Synchronice]

Today is 24th and only about 6 to 7 days left before this month finally comes to an end, and personally, I would say that expecting the price of bitcoin to top or even reach $42,500 before or during the month ending seems unrealistic, and this is because since after the ETF approval, the price volatility of bitcoin have significantly reduced, in the sense that, the price is either stable or going down most of the time.

It's crazy how big the hype was about Bitcoin ETF approval. And it's even crazier how things finally went down. People were pumping Bitcoin with the hope of ETF approval, then it got completely approved by SEC and price is going down, that's crazy.

I am actually going to bet on bitcoin trading above $40k by the ending of this month, but I am not going to count on it anyways, it's a bet I am going to believe is as good as lost, but if luckily it wins, then lucky me and everyone else who bet exactly the same.

Did you manage to bet? I just visited freebitco.in and it looks like that bets are no more accepted, i.e. the event ended.
It looks like, majority of freebitco users (44%) think that price will be between 40-45K, while another part (34%) thinks it will be between 37.5-40K. It's a very interesting clash, especially right now when I see the price of Bitcoin being 39,984 USD.

[tranthidung]

But personally, I am still going to want to assume or believe that it's until next month before we start seeing bitcoin making any significant up moves, and this is if the sentiment of the market remains positive in the sense that, there is no outbreak of any bad news that is capable of dragging the market down.

It is a first Bitcoin market cycle which has Bitcoin Spot ETFs and we can not rely on history in this cycle. We can take Gold Spot ETFs in the USA in 2004 and assume Bitcoin will react similarly.

Gold price did not rise immediately after Gold Spot ETF approvals in the USA. It moved side way in 10 months before taking off and I see Bitcoin and gold are different with different cycle length. Maybe Bitcoin will have shorter side way period than gold, so assume it will side way like 4 to 5 months, it still makes sense.

Combine it with a historic rhythm that Bitcoin has never made its new all time high before its halving, but usually about 6 months after that, I expect we will have some boring months ahead.

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[dwyane36]

It's crazy how big the hype was about Bitcoin ETF approval. And it's even crazier how things finally went down. People were pumping Bitcoin with the hope of ETF approval, then it got completely approved by SEC and price is going down, that's crazy.

It's worth noting that the BTC price had been rising for a few months before spot BTC-ETFs were approved by the SEC. To be more precise, the BTC price started to rise as early as mid-September. So, I think it's normal that a slight correction in the market has now occurred.

Did you manage to bet? I just visited freebitco.in and it looks like that bets are no more accepted, i.e. the event ended.
It looks like, majority of freebitco users (44%) think that price will be between 40-45K, while another part (34%) thinks it will be between 37.5-40K. It's a very interesting clash, especially right now when I see the price of Bitcoin being 39,984 USD.

Yep, for those users who have already placed their bets, it will be quite a challenge to predict the correct range this month.

[uneng]

It's crazy how big the hype was about Bitcoin ETF approval. And it's even crazier how things finally went down. People were pumping Bitcoin with the hope of ETF approval, then it got completely approved by SEC and price is going down, that's crazy.

It should be expected, because always Bitcoin price rises a lot in a short time period, it suffers heavy correction.  ETF approval impacted Bitcoin positively immediately, but some big players already had orders placed to liquidate once the price reached around 47,000$ resistance level, so it dropped to 39,000$ price range, although BTC is recovering to 40,000$ once again at this moment. I believe that if ETF wasn't approved, Bitcoin wouldn't have had the chance to reach close to 46,000$ until now. Probably prices would have already crashed below the 38,000$ line with so much pessimism among investors due to a disapproval.

Now if Bitcoin is really strong, it will secure its position around 40,000$ at least, and move forward from now on. A deeper correction would be hard to explain, though, especially so close to halving event, which is supposed to drive prices upside.