So I guess we sell at $48626 ?

[erep]

$40k is now a strong enough support to contain Bitcoin.
Although some corrections occur it is still playing in the $40k++ area, but if there is some FUD that may appear later the most likely correction is above $38k++, because at that price it is the strongest support for Bitcoin price reversal.

We can predict the market will remain at $40k+ because market support shows the next increase after a low correlation occurs, even though the prediction is not correct and FUD occurs then the market will still remain at $40k and I am sure it will be difficult for the market to fall below that price if viewed from market price analysis crypto recently.

I will also always have a backup plan in place to counter any mismatched predictions or bearish trends that might occur.
But so far Bitcoin is still quite bullish with some facts that the halving is about to happen next year, this makes all investors continue to hold on and believe that a new ATH will be reached.

The right step is that you always have a backup plan to anticipate predictions that don't go according to plan, cutting profits or increasing investment at low prices is the right solution for a backup plan.

[taufik123]

-snip-
We can predict the market will remain at $40k+ because market support shows the next increase after a low correlation occurs, even though the prediction is not correct and FUD occurs then the market will still remain at $40k and I am sure it will be difficult for the market to fall below that price if viewed from market price analysis crypto recently.

and this is evident, how Bitcoin remained held above $40k when today Bitcoin suddenly crashed.
This is the correction needed by Bitcoin so that the market does not become oversaturated.
Then Bitcoin bounced again to the price of $41k and is now still in the Flip trend area around the price of $42k++.

This will be a good ride for Bitcoin ahead of the 2023 halving and closing.

[YUriy1991]

This will be a good ride for Bitcoin ahead of the 2023 halving and closing.

Yes. Just be prepared for the possibility that the discount figure will be touched quickly, on the other hand, there will also be a reversal quickly again.



It's time for BTC to reach 48K, exactly as OP predicted, but we also have to pay attention to the signs.

[armanda90]

and this is evident, how Bitcoin remained held above $40k when today Bitcoin suddenly crashed.
This is the correction needed by Bitcoin so that the market does not become oversaturated.
Then Bitcoin bounced again to the price of $41k and is now still in the Flip trend area around the price of $42k++.

Finally bitcoin crashed to $40,300 current lower price although bounce back to $42,000, seems have been stable with bitcoin price correction after several days stable above $44,000 and suddenly get crashed and bitcoin dropped more than several percent. I sure bitcoin will bounce above $44,000 in near time and not doubt with usually crashed or correction after bitcoin success hit to $44,000 and keep stable almost one week.
Wish with suddenly crash and bitcoin drop to $40,000 will be moment for going more higher price in several days later, usually after crashing have chance with bitcoin will raise more higher latest price above $44,000 and will potential break out to $50,000? last several days most highest price above $44,000 and difficult for breaking out, will suddenly crash as moment for bitcoin raise most higher price?

[GeorgeJohn]

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

[virasog]

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why 

48-50K is still on the cards and I think after this small correction we may again be heading towards this target. I know that there is a big resistance there and we may get multiple rejections from this 48K level before we can break this resistance and it becomes a strong support.

[taufik123]

Wish with suddenly crash and bitcoin drop to $40,000 will be moment for going more higher price in several days later, usually after crashing have chance with bitcoin will raise more higher latest price above $44,000 and will potential break out to $50,000? last several days most highest price above $44,000 and difficult for breaking out, will suddenly crash as moment for bitcoin raise most higher price?

Bitcoin is trying that right now, the last crash stuck at $40k and that's incredible.
Bitcoin went down to rise again, because not everyone knows Bitcoin is saturated enough to be at the top, it needs some correction.

After creating a strong new foundation, then Bitcoin will go back up with the target of breaking the $4k resistance and heading towards $50k.
I expect the end of this year to be a good determinant when Bitcoin hits its highest price again this month.

It also depends on how the market trends and the fundamental influence of Bitcoin.
FUD and News will come alternately.

[Kemarit]

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why 

48-50K is still on the cards and I think after this small correction we may again be heading towards this target. I know that there is a big resistance there and we may get multiple rejections from this 48K level before we can break this resistance and it becomes a strong support.

And with Bitcoin falling in the $40,000 - $41,000 range, I think this TA might have been invalidated already and there will be no selling at $48,000?

Just shows that it's really hard to predict where the price is going to be, TA could help us, but sometimes it's beyond our control, price moves in the opposite direction. Nevertheless, this is just a minor correction, we still have 2 weeks or more to go before the end of the year.

So we might see some swing in the price or at least going back to $44,000 range and I think everyone will be happy on that price move.

[EarnOnVictor]

This will be a good ride for Bitcoin ahead of the 2023 halving and closing.

Yes. Just be prepared for the possibility that the discount figure will be touched quickly, on the other hand, there will also be a reversal quickly again.



It's time for BTC to reach 48K, exactly as OP predicted, but we also have to pay attention to the signs.

Bitcoin, having performed excellently well this year and breached so many upper barriers, more upper levels to be breached are being called by many people, and this could mostly be unprofessional as people are either calling the levels that come to their ends or the psychological lines that they could see. This is what actually gives those levels of power as the power of people is important, that's what the sentiment of the market revolves around.

As it is now, it's good that we look forward to the three lines that people call the most now, which are, $45,000, $48,000 and $50,000. If the market will tarry with the present bearish outlook in the minor view which is a mere correction, it would be fine for it. But if it takes it at least a week to get back on track and start buying, it might cost it a lot more and we might not even see the $45,000 in again2023, not to talk of $48,000 and $50,000. Nonetheless, if it didn't tarry with the bearish retracement but is able to move higher even more this year, the only level that is still sure will only be $45,000, not the rest. This is based on many analyses of Trendline, Fibonacci and others and I don't think they can fail this time.

[$crypto$]

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why 

Panic is something that will exist in a person, but in the case of this bitcoin investment, shouldn't they have learned from their previous experiences? unless they are new investors who start investing in bitcoin, panic is a natural thing if they feel that.

Now many people are starting to speculate and predict where the next bitcoin price will go, and that is actually legitimate, but don't let it affect us. When the price moves towards 20k, 30k and now has reached 40k it is good news. Even if we follow some time ago, some predicted that the price of bitcoin would decline to 10k, but that did not happen.

[KingsDen]

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why 

Panic is something that will exist in a person, but in the case of this bitcoin investment, shouldn't they have learned from their previous experiences? unless they are new investors who start investing in bitcoin, panic is a natural thing if they feel that.

Now many people are starting to speculate and predict where the next bitcoin price will go, and that is actually legitimate, but don't let it affect us. When the price moves towards 20k, 30k and now has reached 40k it is good news. Even if we follow some time ago, some predicted that the price of bitcoin would decline to 10k, but that did not happen.

There's one thing with history;
But the major thing is the people that make the history. We cannot successfully take out FUD and FOMO from bitcoin and cryptocurrency investment. Even if everyone has mastered the behaviour of bitcoin, the uncertainty will still be there. For instance, people are panicking that Bitcoin will drop below 40k. It is the same group of people that will jump in when bitcoin makes a new ATH, they will join not to miss $100k and in the end bitcoin will dump on them.
We all are victims in different dimensions. Atleast I have seen bitcoin in the region of $15k this year. What stopped me from taking $15k worth of loan to invest in bitcoin. Today I would have paid off the loan and will still be 100% richer. The industry is dynamic, unpredictable and confusing and that's why I don't blame people in any kind of decision they want to make.

[stadus]

Sell at $48626?

That's silly. Keep buying and sell only when necessary. Take your profits in Bitcoin.

"Technical" analysts may see Fibonacci. I see the price tripling in the 2023 calendar year.

If you don't have anything to use with your bitcoin, then continue to buy more and hold more. For now, patience is a very crucial factor. You have to be very optimistic with the market so that your motivation to buy more will even grow because that's the right thing to do. We are going to see Bitcoin halving few months from now, so we need to prepare for that and by maximizing our purchase these days will only contribute to what we deserve to reap when bull run comes.

But this is also case to case basis. If you are in need of your money so badly, then selling could still be reasonable but never spend all your profits but invest again when you see bitcoin price starts to drop its price.

[_BlackStar]

-snip-

Bitcoin is trying that right now, the last crash stuck at $40k and that's incredible.
Bitcoin went down to rise again, because not everyone knows Bitcoin is saturated enough to be at the top, it needs some correction.

Of course - not everyone realizes that a correction is necessary when bitcoin has reached its saturation point, so you have a point.

After creating a strong new foundation, then Bitcoin will go back up with the target of breaking the $4k resistance and heading towards $50k.
I expect the end of this year to be a good determinant when Bitcoin hits its highest price again this month.

It also depends on how the market trends and the fundamental influence of Bitcoin.
FUD and News will come alternately.

I expect the end of this year to be more stable for bitcoin - especially in the price recovery movement. Traders and investors will be wary of buying as much as they can and will probably choose DCA as the best means of accumulation - but perhaps a quick recovery could occur if institutional investors start buying bitcoin at the current discount price.

Since yesterday's correction - bitcoin couldn't maintain its price at $42K. Prices are back to testing the support level at $41K and possibly $40K if the panic continues - but I'm optimistic things will be more stable now.

[mv1986]

Let us not be afraid of bitcoin price falling because might rush or been inquisitive to sell our bitcoin immediately the price got to forty eight thousand as people emphasis or lamenting due to a passed experience of bitcoin, you may rush to sell your bitcoin now and probably the price get increased you will blame your self been at rush or panic to sell your bitcoin, so therefore only thing I have to encourage people is to make use of chart to study the movement of the candle sticks and that will give them a clear understanding of when to sell their bitcoin and when not to sell their bitcoin, we should not depend on a speculation and predictions because many people have regretted today because of wrong advice and signal they take from people, in conclusion what happened last year in bitcoin can not repeat itself, so make your decision and sell your coin

Bitcoin price has not fallen much yet but people are panicking too much, i do not know why 

48-50K is still on the cards and I think after this small correction we may again be heading towards this target. I know that there is a big resistance there and we may get multiple rejections from this 48K level before we can break this resistance and it becomes a strong support.

And with Bitcoin falling in the $40,000 - $41,000 range, I think this TA might have been invalidated already and there will be no selling at $48,000?

Just shows that it's really hard to predict where the price is going to be, TA could help us, but sometimes it's beyond our control, price moves in the opposite direction. Nevertheless, this is just a minor correction, we still have 2 weeks or more to go before the end of the year.

So we might see some swing in the price or at least going back to $44,000 range and I think everyone will be happy on that price move.

TA might be working a bit better for well established markets with a long history and a comprehensive legal framework. Applying TA to a market that is based on an infant technology that is subject to constant changes or new laws in the legal and regulatory environment is worthless. What does TA help me when approval or denial of an ETF is around the corner or how does TA work in effects like FTX burning down or CZ and Binance getting sued and penalized with over 4 billion USD in fines? What does TA help me when one of the leading stable currencies goes bust or gets under pressure, like BUSD did a while ago?

All this TA stuff is mostly for calm times with little to no action / exogenous impacts.

[SmartGold01]

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

[btc_angela]

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

I think what the OP says is that this could be the highest price that we could get this year, and so there could be investors who's willing to take that bait and sell at that price and get some profits specially that we are in a holiday. And obviously we need some money during this week and so selling might be the right decision, that is if we reach $48k at least in the coming weeks.

Although there's a slight correction, we have bounce back again to $42k-$43k. So it's really our choice right now, wait till it reaches $48k, take some profits. Or just remain a holder and continue to accumulate and wait till the next bull run to sell and maximized our profits.

[Reatim]

Because the 68.2 Fibonacci level is always right. Even though in 2021 we broke higher to $69K that area originally had a significant pullback. Also the $48000 area is where that pivot is which was the high on March 2022. Not investment advice but its either a coincidence or this fib level is crazy accurate.

2023-2024

Still waiting when this be happening , its been a roller coaster at 40-43k but hard to break 45k  so hoping this will come sooner this need week because we are nearing closing December yet 45k is still on the process of breaking 

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for t
Maybe that is the prediction to happen and a advise for us to sell but it is you money and your decision mate.
you may sell at 45k or 48k , but you can also wait till 50k breaking? it is really up to you.

[SmartGold01]

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

I think what the OP says is that this could be the highest price that we could get this year, and so there could be investors who's willing to take that bait and sell at that price and get some profits specially that we are in a holiday. And obviously we need some money during this week and so selling might be the right decision, that is if we reach $48k at least in the coming weeks.

Although there's a slight correction, we have bounce back again to $42k-$43k. So it's really our choice right now, wait till it reaches $48k, take some profits. Or just remain a holder and continue to accumulate and wait till the next bull run to sell and maximized our profits.

If there is one important thing I have learned it should be about price of bitcoin what I understand very clear about bitcoin price is that it doesn't go the accurate direction according to how we wanted, I don't argue that we won't see or we'll see but what matters is that "bitcoin price is highly speculative" and for that we do not know whether the price will touched $48k or not..
..Let say today is 14 December 2023 counting down to January we have less than 16 to 17 days before witness new year, So technically we could see the price there if bitcoin could used just less than 20 days to move from 30k to $44k plus then there is every tendency we will touched $50k before 31 December or possibly by first week January.

[goaldigger]

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

Sell when you are happy with your profit or you already hit your target price.
This is just an assumption though and the price can still go beyond this one. Remember, the bull was just started and we are all aiming for a new ath, though this could be the peak for this year but its too early to sell for me. I’ll not sell until the next new ATH, I’m confident to see that price again next year.

[SmartGold01]

Selling at 48626 meaning we won't witness any more increase or could it be that it's final high for the year before it runs out? Well I will say I am not an expert in chart reading but I understand is that 48626 may not be the right place to sell except such person is only focusing on taking profit when the market gains little increase in terms of price difference. Those who don't get disturbed over the price changes may not be that bother to sell for profit except the period of there investment is met at this point such person may decide to sell.

Sell when you are happy with your profit or you already hit your target price.
This is just an assumption though and the price can still go beyond this one. Remember, the bull was just started and we are all aiming for a new ath, though this could be the peak for this year but its too early to sell for me. I’ll not sell until the next new ATH, I’m confident to see that price again next year.

A true investor is always confident of the market irrespective of the price speculation and manipulation, we might see bitcoin in a new ATH were we might not believe that the price has actually pick up to the level we can't predict. Selling were that makes one Happy is like someone who is wanting to double their profit or wanting to take profits from his holding, as the price goes up and down we can't really determine and factored it properly to know when the price hit so hard with a new ATH. Well I am also too confident that about the market and something positive is for sure to come so I wouldn't want to sell for any reason or for whatsoever just being too optimistic.