So I guess we sell at $48626 ?

[justdimin]

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.

Anything could happen, we are not certain what's going to happen and we are just riding the day out. Every single morning, I wake up and let the day tell me what kind of day it will be, and usually it is a good one these days and the price goes up, that's a good thing and it should be something that would benefit us all.

I understand that we are going to end up with a good profit, and should not be something we could profit from very late, it is going to be sometime soon that we are going to end up with some good profit making. I understand that we are not going to end up with some x100 in bitcoin, that is of course not possible but I do believe that 48k+ is quite easy to achieve, that would not be all that much of a trouble for us.

[1714475477]

1714475477

[Zanab247]

Well I think this is when we need to make some important decisions for ourself. The price of Bitcoin is up 150% just in this year so there is profits to take from that.
So if we are thinking about taking some profits it is a good time to sell some. I think there is going to be a correction when ETF approval does happen.
And then also for the Bitcoin halving next year.  I am 'bullish' and will not be selling any of my Bitcoin. But I do think there is many investors who will. It is a hard thing to not take 'free money'.

Many hodlers has taken profits from their BTC investment when the price hit above $40k few weeks ago and, some are waiting for the price to return back to $69k before they can sell to take their own profits but it will be difficult for the price to return back to $69k in this month of december. But those that will hodl till next year 2024 which is the target of many hodlers to make a huge amount of profits from BTC investment because, the price of BTC will surely reach $100k before the end of next year december.

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

[tygeade]

Many hodlers has taken profits from their BTC investment when the price hit above $40k few weeks ago and, some are waiting for the price to return back to $69k before they can sell to take their own profits but it will be difficult for the price to return back to $69k in this month of december. But those that will hodl till next year 2024 which is the target of many hodlers to make a huge amount of profits from BTC investment because, the price of BTC will surely reach $100k before the end of next year december.

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

That is one of the main reasons why it has gone down, the problem is that when the price peaks at a point, that means it will be quite hard to make people not invest into anything new, I mean they are not going to put in even more money when it is already peaked, instead they try to sell and get their profit as much as they can.

This causes the price to have some dip, but when it's dipped enough, all those people who would like to take their profits are gone, and we are talking about a situation that they have made enough profit, and that should be important. I get that it is not going to be something that would benefit everyone, it is going to take a while and I know that it may not be that easy, we are at a stage where it is all up from here, because halving is nearing.

Anyone who doubts what bitcoin could do during the halving year even with all the historical data we have, will be people who are going to be too late to making some decent profit from it for sure.

[South Park]

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.

At the end since the circumstances of each person are different then they need to create their exit strategy based on what it is the best for them down the line, so there are some investors that may have sold part or even their whole stash as the current prices were attractive enough for them, and maybe they are expecting a correction to happen, however in my case I do not really see the need to sell now as the bull market is just on its early stages and I expect the price to go much higher during the next months.

[Jating]

Well I think this is when we need to make some important decisions for ourself. The price of Bitcoin is up 150% just in this year so there is profits to take from that.
So if we are thinking about taking some profits it is a good time to sell some. I think there is going to be a correction when ETF approval does happen.
And then also for the Bitcoin halving next year.  I am 'bullish' and will not be selling any of my Bitcoin. But I do think there is many investors who will. It is a hard thing to not take 'free money'.

Many hodlers has taken profits from their BTC investment when the price hit above $40k few weeks ago and, some are waiting for the price to return back to $69k before they can sell to take their own profits but it will be difficult for the price to return back to $69k in this month of december. But those that will hodl till next year 2024 which is the target of many hodlers to make a huge amount of profits from BTC investment because, the price of BTC will surely reach $100k before the end of next year december.

Around $45k should be the profit taking, and although the OP posted $48k, I think it has been invalidated already or we might not find that price along the end of the year as we have minor dump to $40k'ish and then just go up a bit to $41k-$42k and nowhere near $48k levels.

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

Or to put it into perspective, those who are looking to maximized their profits are not going to sell at $48k. The name of the game is going long here, so we might have to be mentally tough to stop on the game and wait till we hit 6 digits and then sell when we are about to break or reach new all time high, it could be around the last quarter of 2025.

[yohananaomi]

At the end since the circumstances of each person are different then they need to create their exit strategy based on what it is the best for them down the line, so there are some investors that may have sold part or even their whole stash as the current prices were attractive enough for them, and maybe they are expecting a correction to happen, however in my case I do not really see the need to sell now as the bull market is just on its early stages and I expect the price to go much higher during the next months.

I think what you are saying is what needs to be paid attention to: that the bullish market is not yet fully visible and will continue to run because, in the future, we will enter a halving era, which will usually be accompanied by a correction to strengthen the impulse to increase in time.So many people also think short-term to look for profits when prices appear to be improving with the expectation that there will be another correction and will buy again. Even though this action may be full of risks and actually eliminate the opportunity to get maximum profits in the future, So everything has to be thought carefully about, including what steps to take and determining what to take.

[NewRanger]

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

The human mind can only follow a few indicators. It depends on our ambitions, whether we want to survive or not, but it takes a lot of patient energy to be able to reach 2025, for example. But if you're looking for profit, you'll definitely sell like the title of OP's post, even though he's a professional too. Even so, we have read a lot that in 2024 it is very possible that the price of BTC will rise even higher. So, I think it's best if we have some BTC, maybe Just Hodl and I think that's the right decision.

[bounceback]

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

[South Park]

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

Even if I think that once we reach six figures for the first time ever there will be a lot of people that will sell their coins, I also think there will be a lot of people that will keep holding their coins, either because their target price is way above that level or simply because they are long term holders that have no plans on selling their bitcoin no matter how high it could go during this cycle, as their goal is to sell on a future cycle and not this one.

[Yaunfitda]

Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.

I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

Even if I think that once we reach six figures for the first time ever there will be a lot of people that will sell their coins, I also think there will be a lot of people that will keep holding their coins, either because their target price is way above that level or simply because they are long term holders that have no plans on selling their bitcoin no matter how high it could go during this cycle, as their goal is to sell on a future cycle and not this one.

Doesn't matter though if there will be a lot of sellers at six digit, I mean we can understand why they will do that, to make profits. And we all know that this kind of investors could have been holding Bitcoin for a long time or at least this cycle and so they have the right to make profits after their hard work.

And if we have strategy during our accumulation, we could have also a strategy of selling. I mean, for me I would have to sell in small baby steps, maybe sell at $100k, and then if the price continues to $120k-$150k, then sell a bit as well.

[MFahad]

I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

By the way, the process of buying and selling is always going on​, but at $60k there will be very few investors who will sell bitcoins and exit the market. When the price increases, new investors and small investors often get more greedy and sell with less profit. Experienced people understand the market and know where the price of Bitcoin can go in this bull season.

Those who will sell Bitcoin in the hope that it may come back down from $60k.There is no guarantee that Bitcoin will bounce back from here and go higher again. It could be people's guesses or ours, but the market doesn't necessarily follow our guesses. Of course, big investors who play a major role in market volatility will never sell their bitcoins at $60k.

[cakravothy]

why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high.
halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars

[flyingcarpet]

why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high.
halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars

Setting these prices to sell means selling Bitcoin cheaply. There should be a higher target. There are people selling Bitcoin at every stage, but it might make more sense to wait for the price to go higher.

It would be more beneficial to make a new purchase at each correction and set a very high selling price. Once you learn to wait long enough, it will be easier to make a decision. As you said, we are close to Halving and we should not forget this factor when making our decisions. Everyone is responsible for their own investment and this is not an investment advice.

[FanEagle]

Seems like this did not happen to be fair, I think it would have been nice if we could have reached 48k before the year ends, but there is less than a week left and we are not there yet. I think we need to consider the situation as good though, because in 2023 we have come up so much and its a good year, maybe we didn't break over the ATH price or anything, so its not the insane bull year that we are expecting, but it did go up and that is a good indicator.

I do hope that 2024 would become better and 2025 even better than that. I am not so sure about 2026, maybe there is a chance that could be a bear year, but that is way down the line so I do not have to worry about that at all, I can just focus on possibility of 2024 and 2025.

[TravelMug]

Seems like this did not happen to be fair, I think it would have been nice if we could have reached 48k before the year ends, but there is less than a week left and we are not there yet. I think we need to consider the situation as good though, because in 2023 we have come up so much and its a good year, maybe we didn't break over the ATH price or anything, so its not the insane bull year that we are expecting, but it did go up and that is a good indicator.

So much for the prediction of $48k by the OP though. It's obvious that it didn't happen at the end of the year and everything was invalidated. And it shows that this whole game of prediction as likely to be bad as to be good.

I do hope that 2024 would become better and 2025 even better than that. I am not so sure about 2026, maybe there is a chance that could be a bear year, but that is way down the line so I do not have to worry about that at all, I can just focus on possibility of 2024 and 2025.

We can only hope so, but there are good things in 2024 that never fail us, it's the block halving. Usually this event will start the imminent bull run in the second quarter. So I must say that it's going to be fruitful year for us next year and we will feel good to be back in the bullish trend and say goodbye to the bears, specially 2022 is the worst year for us during this cycle.

[TimeTeller]

why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high.
halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars

Setting these prices to sell means selling Bitcoin cheaply. There should be a higher target. There are people selling Bitcoin at every stage, but it might make more sense to wait for the price to go higher.

It would be more beneficial to make a new purchase at each correction and set a very high selling price. Once you learn to wait long enough, it will be easier to make a decision. As you said, we are close to Halving and we should not forget this factor when making our decisions. Everyone is responsible for their own investment and this is not an investment advice.

This decision depends on the holder himself, his target price and the reason why he is selling.
Sometimes you need to sell even before your target price because you needed the money.
But as much as possible, should be higher than your buying price. At least get some profits and not be on the losing end.
As the sentiments in this market is getting good because we already surpassed the 40k mark after more than a year, reaching 50k for me is not too far from the horizon.
So better prepare yourself on this imminent event in btc market. It is not far from happening.

[STT]

We have the crescendo effect in play at present possibly ?    Seems like there's a rising trend but also resistance in this area and so range is becoming constricted as we continue.  Perhaps resolution in the new year.



Its wavering back and forth across the weekly average, essentially its in a flat spin though some might say we are positive Iam a bit cautious.   Add in the transition from holidays back to full working weeks not long now, just that can be enough to throw off the balance between bids and offers.  BTC is already a volatile price movement often, we can easily move down in my conclusion and of course we can still go up further I just side with profit taking being quite possible short term.

[lixer]

Seems like this did not happen to be fair, I think it would have been nice if we could have reached 48k before the year ends, but there is less than a week left and we are not there yet. I think we need to consider the situation as good though, because in 2023 we have come up so much and its a good year, maybe we didn't break over the ATH price or anything, so its not the insane bull year that we are expecting, but it did go up and that is a good indicator.

I do hope that 2024 would become better and 2025 even better than that. I am not so sure about 2026, maybe there is a chance that could be a bear year, but that is way down the line so I do not have to worry about that at all, I can just focus on possibility of 2024 and 2025.

It is still early if you ask me, even a single day could change so much, we could still potentially reach this level, I am not saying we will, but I am not saying we won't neither, we could totally have something that could be close to something like this. We just need to make sure that we could end up with a much better situation.

I hope that we could end up with a 48k before the year ends, that would definitely be something that may benefit everyone and we need to consider the possibilities. That's not even 10% higher, that's much less, even a 5% increase might get us there these days, or at least somewhere close, at 43k, 5% would mean 2.1, added on top of it, it's nearly 46k, not too far off, and 10% means 4.3k, added means 48k, so it's quite good. I think that could happen even within a day that is why we should be careful. I do believe that it's going to be fine, maybe we won't, maybe not even go beyond 45k, but the possibility is not out of question at all.

[ShowOff]

We have the crescendo effect in play at present possibly ?    Seems like there's a rising trend but also resistance in this area and so range is becoming constricted as we continue.  Perhaps resolution in the new year.



Its wavering back and forth across the weekly average, essentially its in a flat spin though some might say we are positive Iam a bit cautious.   Add in the transition from holidays back to full working weeks not long now, just that can be enough to throw off the balance between bids and offers.  BTC is already a volatile price movement often, we can easily move down in my conclusion and of course we can still go up further I just side with profit taking being quite possible short term.

Short-term profit-taking has become a trend considering current market conditions. Every time there is an upward price movement, there will always be many people selling it and as a result the price tends to return to its original position. This is called sideway, but the potential for a decline is very possible, not higher.

Traders should be careful and avoid more panic. At the end of almost every year, market conditions are like now, but I am sure the market will improve soon in early January next year. Price corrections will still occur until this year is over, even now the price of bitcoin is experiencing a correction and testing the $41k support again. Let's see what's next, I hope $40k becomes the strongest support that won't break during this panic phase.

[EarnOnVictor]

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.

Anything could happen, we are not certain what's going to happen and we are just riding the day out. Every single morning, I wake up and let the day tell me what kind of day it will be, and usually it is a good one these days and the price goes up, that's a good thing and it should be something that would benefit us all.

I understand that we are going to end up with a good profit, and should not be something we could profit from very late, it is going to be sometime soon that we are going to end up with some good profit making. I understand that we are not going to end up with some x100 in bitcoin, that is of course not possible but I do believe that 48k+ is quite easy to achieve, that would not be all that much of a trouble for us.

Sooner or later, I know that Bitcoin will hit $48,000+ but not this year again and I suspect that this will be in January next year. The market is still very bullish in the long-term disposition and will continue in that regard as long as FOMO continues to play its course and if there's no bad news strong enough to cause otherwise. Many people have earned their fortunes in the recent bullish trend as the coin moved so strongly upwards with about $20,000 in just 4 months. This is responsible for the recent stoppage to the bullish trend, there must be a correction for the market to take an adequate breath for it to have a stronger tempo to rise higher.

Still, the bearish movement was underpinned and Bitcoin has been struggling because of that to ascertain a trend. I'm afraid that this will continue till next year as the market already slipped into a short-term range that might last for at least a week. I will continue to make my money in this regard and stop the believe that it can move significantly higher this year again. It can't even launch higher than $45,000 this year again. Also, I don't think it can slip below $40,000 till January either.