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Author Topic: What did you think will happen to Bitcoin before January?  (Read 1278 times)
sotelorene (OP)
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November 04, 2023, 10:02:08 PM
 #1

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.
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November 05, 2023, 01:53:43 AM
 #2

Maybe actually tell us why you think this so we have something to talk about? Unless you just want us to make random guesses.

Also, when talking about markets, you shouldn't use "inflation" and "depreciate" when talking about price increases/decreases because those can mean something else altogether.

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November 05, 2023, 04:01:04 AM
 #3

Quote from: sotelorene
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.
There will be massive bull run from the month of January that will make the price of BTC to break into $50k to ensure investors that $100k is possible for people to see in the market before the end of 2024. I believe you saw the new display BTC price displayed yesterday to reach $35k again show that a lot of things will happen next year that will make those that invested in BTC to get prepare to achieve their goal from this business.

 Based on the sign the market is showing in this season show, that bear season is going gradually in the market which it will surely disappear before the end of this month for the bull run to continue till 2025 to allow both short hodlers and long hodlers to take a good profits from their business.

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November 05, 2023, 04:35:53 AM
 #4

I think you mean a price correction, because the price has risen, so there must be a correction, and it is true in theory, but since the price is valued at less than its value, that correction may not happen, but we may try to test the support point at $32,000. In addition, historically, the more we continue at $30,000, the more It was more difficult to break this barrier. This is what this chart confirms. Despite the rise in the price of Bitcoin, not many people made sales, which means that those who have Bitcoin are still waiting for a much higher price to sell what they have.


The price will maintain the current situation and may rise to reach 40,000.
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November 05, 2023, 05:52:48 AM
 #5

Most likely November will be a volatile month. Hopefully it’s in the up direction and not down and hopefully it’s due to the approved etf.

In December usually not much happens in crypto or some markets because of the holidays. November is going to be the most active month until the second half of January when liquidity will return. So anyway now we should know how the end of the year will look like.
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November 05, 2023, 08:18:27 AM
 #6

In general, November, December and January are some of the best months for investing. Besides, the upcoming bitcoin ETF and halving means that there are really a lot of green flags and I don't know why to sell now. in my opinion it's best to hold now until the ETF releases. Untill the official news, in my opinion we will see green months. The day of the announcement will be a day of a short pump and then months of profit-taking for those who are now buying, so it will certainly be a good place to open short or at least realize some of the profits from currently held positions.
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November 05, 2023, 09:49:20 AM
 #7

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.
Where do you make your analysis? because it seems that everyone also needs to make a personal analysis of things related to Bitcoin, so that each person will not immediately believe what other people say about things that will happen to Bitcoin. Inflation and depreciation can indeed happen to Bitcoin, but the timing may be off from what you said because from what I think now Bitcoin is just about time to increase more sharply after this year ends.

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November 05, 2023, 10:40:03 AM
 #8

I guess you have used the term "inflation" under the wrong context and you are trying to say that there would be bullrun and we will see massive pump? I feel we just have to play around as per market sentiment logically because usually this is how bull market begins but there is alway what if it doesn't go as per the prediction or previous cycles and what if it turns out to be a bull trap because we have seen similar stuffs in the past.

I think we need to stay neutral and set up an entry and exit target derived from analysis and be ready to buy in or sell off based on targets but it's not an easy task.

We also need to be aware of some imposters claiming to be experts and they just keep waiting for these moments to share their random opinion just to get more views for their channels.

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November 05, 2023, 01:01:17 PM
 #9

Bitcoin inflation? I prefer this word to fiat.

You say what you want about the personal analysis, always say this is speculation, freedom of opinion is everyone's thing, always hear before the beginning of the year bitcoin will experience another correction, there are other speculations saying bullish has arrived and this will be slow until the beginning of the year that's what we often hear, it doesn't matter to me because we never know where it will move, maybe it goes up maybe it has a correction first.
Your preparation is to invest more, if you know the analysis that bitcoin will explode.

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November 05, 2023, 01:20:14 PM
 #10

Definitely Bitcoins will be at top position before the starting of January. We know that Bitcoins follow a 4 year cycle to reach new ATH price. This year 2024 is the 4th year. So there is high possibility that before 2024, during December Bitcoins will touch at least 50k usd. So if we assume that every positive thing is going to happen, then definitely we can make good profits in the future. So stop discussing and let’s accumulate as many coins as we can at the current price.

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November 05, 2023, 03:58:32 PM
 #11

I hope that by the end of the year the price will not fall much and there will be an uptrend or sideways price movement. I don't have any guesses about January, but I think that in the first half of next year there might be a drop before halving. But I think that January will not be an exceptional month.
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November 05, 2023, 04:09:12 PM
 #12

What I can make out from this chart is a quick move towards $38k and then it falls back to $30k to calm down a bit.
Go more sideways until March or April (Near about Bitcoin Halving) and then pick up the pace to reach yet another All Time High in November, 2025.

This is the whole game plan I have been thinking and guess what, it will never go below $28k ever. Ever.
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November 05, 2023, 04:37:48 PM
 #13

In my opinion, the price of Bitcoin at the end and beginning of the year or end of December early January will reach around 40K, and in November it is likely that the price of Bitcoin will tend to be around 34K to 35K.
And the decline in Bitcoin prices in early 2024 will occur again before the halving that all investors have been waiting for. And maybe in mid-January there will be a slight decline where I think the Bitcoin price will fall back to 30K which I think is an opportunity to accumulate again, and certainly at the next halving the Bitcoin price will reach a new ATH.


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November 05, 2023, 04:45:28 PM
 #14

Well I think most people may as well be thinking that January will have a drop in price maybe because of the expectation of less rush for acquisition as the traditional system of bitcoin but that will depend on the December volatility. From my analysis, if the price of bitcoin is really high then we may see a slight correction in January but again it may just beat all prediction and speculation. Also, this season may also be different because it is halving year.

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November 05, 2023, 06:57:27 PM
 #15

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
Are you talking about Inflation and Depreciation, if that's what you're talking about, for me those are two different things, speculatively these two things have never been found in the crypto market, especially Bitcoin, The biggest inflation factor occurs in goods, not Bitcoin, and as far as I know, depreciation refers more to the countdown of assets, whether it's crypto or other currency values, which leads to a decline.

So I speculate that next January the increase in cryptocurrencies will be a little slower, even though we know that in the future the halving will occur, but there are other factors that influence this, superpower countries are currently in turmoil and war, that could have a bad impact on Bitcoin's growth, it's different when turmoil occurs in countries that aren't superpowers, I've never seen a halving happen but crypto assets don't move, could it be that this happens......caused by certain factors.

From my observations and speculation, for 2024, the crypto market will not be good, but whatever happens now, I hope next January the crypto market can be better than 2021.

R


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November 05, 2023, 07:47:49 PM
 #16

Most likely November will be a volatile month. Hopefully it’s in the up direction and not down and hopefully it’s due to the approved etf.
Of course it is possible, but only time will tell. Bitcoin is still having trouble breaking the $36k resistance so far even though we have had several attempts at it. $36k is the resistance that will determine whether bitcoin can break $40k in November or we will have to wait longer to get there. November is certainly expected to be better than October, but prices are trending sideways between $34k to $35k.

In December usually not much happens in crypto or some markets because of the holidays.
I hope so too, but something different can also be expected. A correction could still occur during November and the end of the year, but people are already optimistic that we will continue this bullishness until the 2024 halving.

 
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November 05, 2023, 08:41:44 PM
 #17

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.

Lol, I thought that OP will have a analysis on what's going to happen pre-halving. However, just like the rest of us, we have our own wild and educated guess. And I think the best scenario that everyone is hoping is that we want to see the price going into the positive direction, i.e. price around the $40k-$50k that time.

Not really sure what you mean by inflation and depreciation, yeah, terms could have the same meaning here, but in crypto we seldom used that term. But in any case, if the majority is looking for a increased at the start of next year, then obviously, we want to make profits short term and in order to do that, we should continue to accumulate at this price and hopefully our prediction will hit to squeeze some profits in January it you are that kind of a trader/speculator.

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November 05, 2023, 09:27:45 PM
 #18

In general, November, December and January are some of the best months for investing. Besides, the upcoming bitcoin ETF and halving means that there are really a lot of green flags and I don't know why to sell now. in my opinion it's best to hold now until the ETF releases. Untill the official news, in my opinion we will see green months. The day of the announcement will be a day of a short pump and then months of profit-taking for those who are now buying, so it will certainly be a good place to open short or at least realize some of the profits from currently held positions.
The last quarter of the year are obviously the best months of the year since bitcoin will experience more positive position in the market compared to the other months. However, this will also greatly depend on the factors that may affect the market and bitcoin. And since we are expecting two big events early by next year, then most probably we will witness a price correction that will set bitcoin price into another level, or maybe a short price decline before the massive price increase sets to happen.

All these will remain assumptions until proven when we cross the bridge by that time.  So let's just wait and see.

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November 05, 2023, 09:48:11 PM
 #19

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.
In cryptocurrency coins don't have to be increasing always or depreciating all time, so their is two things that is involve in cryptocurrency, either the coin falls or the coins increased,  so in the aspect of coin getting increased its dependable on the condition of the market or the market determinants of demand and supply,  so when the supply is higher than the demands the market will rise to the extent that you will not believe..so saying bitcoin will fall before January next year or something will happen to bitcoin either rising or falling you maybe right because nobody can predict accurately the future of bitcoin.


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November 05, 2023, 11:02:13 PM
 #20

With my analysis and observation, I think before January there will be an inflation in Bitcoin. This coin have depreciate to it stop limit, that is where it can not further depreciate again.
And whenever this coin gets to this point, it reverses back and then boom and trust me it's about time.
I think it's good to see your analysis by providing a chart so that we really understand why did you say that there will be an inflation of Bitcoin before that month. It feels like you're predicting is only has a small chance to happen. We really expect that there will be decreasing of price since the market goes that way naturally. If you're a trader, it is what we called EOF, where the price creates highs and lows. We might have different approach in the market but we have the same end point.
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