Before January meaning it is December right? but we are in December now and bitcoin increases more than what the value when you created this thread so are we expecting that price will drop badly next week or next?
I doubt that any of your thoughts are valid nor will happen because I can see that market will continue showing strength till January or even until February .
However, there are no definite predictions or valid analyzes that can be responsible for certain market conditions in the future, all market patterns can change when hit by unexpected news and the market can also increase significantly when positive news is published in market conditions that are recovering. so we don't yet know what the market position will be like in the future, but with the current market conditions we can be sure that the market will achieve the highest price recovery until the halving period or Q1 period, the halving period is the expected support for reaching the highest market price.
December will soon be over and the new year will start. It seems to me that the price may stay above 40k until January. But as for halving, it's hard to guess what might happen in the next four months. I think there will be a collapse before the halving, as it happened in 2020. As you said, sometimes unexpected things happen that affect the market.
So here's some hot news.
China Has Quietly Flipped On Crypto Amid Huge $1.6 Trillion Bitcoin, Ethereum, XRP And Solana Price Surge
SourceChinese central bank urges the world to jointly regulate crypto
SourceNow it seems that China is joining back again in the ball game. Lets see on how far this market will shoot up to the moon.
It do seems that we do have a nice 2024 when everything would really be that joining up this market again. Golden bullrun possibility? Yes most likely
but it would really be that hard to make out assumptions yet we arent just over of this 2023 but well who knows right?