Next Bitcoin Move - Price Prediction

[ImThour]

Hi all,

You might know me or not, I posted Bitcoin Price charts and my prediction was $25k to $42k (https://bitcointalk.org/index.php?topic=5476595). And now that is complete, we are onto the next step now.
After going up by like 200%, Bitcoin is taking a bit rest. It's normal and it might be the last discount you will get on Bitcoin.



In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

As I mentioned earlier, this will be the last Bitcoin correction.
My Final ATH Price Prediction for Bitcoin - https://bitcointalk.org/index.php?topic=5463885

Cheers! 

[MusaMohamed]

In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

I choose $33k, not $22.9k.

Price like $22.9k needs a big shock in the world and all markets have very big drops, not only this cryptocurrency market. In 2020, it's Covid pandemic but in 2024, what will be able to cause the same global market drop like that?

World War III? I want to see cheaper price of bitcoin to use my small money to buy it more but if it only happens with World War III, I will choose peace, not Bitcoin $22.9k.

[ImThour]

I choose $33k, not $22.9k.

You don't get to choose it. You just get played and the game goes by the rules of the biggest whales with a plan. They literally bought their Bits at $16-$18k when everyone waited for that $10k.
Now when everyone was waiting for that $50k spot, they started dumping near that price. Some people are still losing money by trying to catch the falling knife.

I personally think it should stay at $33k however anything can happen.

[Poker Player]

You don't get to choose it. You just get played and the game goes by the rules of the biggest whales with a plan. They literally bought their Bits at $16-$18k when everyone waited for that $10k.
Now when everyone was waiting for that $50k spot, they started dumping near that price. Some people are still losing money by trying to catch the falling knife.

That's what I said about what happened to the price after the approval of the spot Bitcoin ETFs in the USA, that some big whales must have been happy fleecing a lot of little fish. I prefer to invest for the long term but in any case if you plan to make short trades, better to do the opposite of everyone else; when the price goes so low that it looks like it will go to 0, you'd better buy, and when it is rising non-stop, beating ATH after ATH and there are predictions of how fast it will reach $1M, you'd better sell.

[Zaguru12]

That's what I said about what happened to the price after the approval of the spot Bitcoin ETFs in the USA, that some big whales must have been happy fleecing a lot of little fish. I prefer to invest for the long term but in any case if you plan to make short trades, better to do the opposite of everyone else; when the price goes so low that it looks like it will go to 0, you'd better buy, and when it is rising non-stop, beating ATH after ATH and there are predictions of how fast it will reach $1M, you'd better sell.

I think going the opposite of everyone else is what the likes of Garyscale and Microstrategy are actually doing currently. I have notice some moves by Microstrategy taking profits when you will see many investors calling for holding the bags. Right now even though I don’t believe it’s their effect that causes this crash, GBT are selling when the other ETF approved entities are holding or accumulating, is this some kind of strategy or they have actually made it to their profit target and are taking some partials.
 

Personally in this situation or fluctuating market I will only advice an individual setting his target and when they meet up their you take the partials, or simply be less speculative and just go for a very long term hodl which has proven to be the best and most profitable strategy in bitcoin trading

[kentrolla]

No doubt this is an opportunity to buy more Bitcoin but I don't think this is the last such discount as we may see similar fluctuation often before the bull run as the price will start consolidating toward upward direction during bull run but until then we may see few more opportunities.

Though the market is bit mature compared to the previous years but still if what you have mentioned happens I mean if Bitcoin drops down to $22.9k then it's pretty obvious that there would be chaos in the market and people will be selling and whales will be buying as we have seen in the past. Scary to even imaging going back to the range of $20k again.

[dragonvslinux]

In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

Well for starters, I'm not very convinced by $33K. Based on volume, it's more or less the middle of nowhere and confirmation that the small amount of support around $35K has failed.

Personally I also prefer the "traditional" fib levels, in particular the 0.382 for continuation of a bull trend, followed by 0.236 as the "line in the sand" before turning bearish:



Generally speaking though, I don't see any sigificant support until $31K, where there is a lot of until $26K. Failing that, then $23K I actually agree with as next level of volume & fib support. I was also banging the drum all last year about a move to $48.5K (0.618 fib retracement level) as being the most likely scenario, most people thinking this was completely out of the question for 2023. Came a few weeks later than expected.

I also included the Ichimoku Cloud on the chart, as I think it's quite relevant to see how low the long-term support goes for Bitcoin, ie by March it'll be between $27K and $23.6K, which would be confirmation of a trend-change from bearish to bullish, if we are to consider the current move a bear market bounce to the 0.618. Otherwise, it can be considered as confirmation of a new bull market.

As for the immediate-term view, based on Daily chart, I see nothing bullish right now and don't understand how anyone is maintaining this perspective. Price has broken the 3-month uptrend, based on cloud support and 50 Day MA, with more resistance overhead around $44K than support below, until $31K. $42K to $44K is looking like a confluence of selling pressure, even if price manages to bounce back to these levels.



Don't mean to be the bear here, still bullish long-term as long as price is above around $23K, but otherwise just like I considered 2023 to be a big rebound back to $48K, now I only see a correction towards $30K. My only real consideration is for how quickly price get's there, with the halving arriving in April, there will no doubt be healthy price consolidation after this.

[GeorgeJohn]

0.33 - $33k
0.66 - $22.9k

The thing is that I don't rely on some people predictions concerning bitcoin and secondly I know quite well that some people doesn't make a proper research before they come up with their own ideas over bitcoin, but in this predictions I think will believe on it, because it has analysis a something of this nature before and I know quite well that market of cryptocurrency is unpredictable and its not constant and their is every tendency that our expectations in cryptocurrency might change with immediate effect as we may think that the market will experience more degradation in value base on the chart analysis or interpretation, but the aspects of the price of bitcoin getting to thirty three thousand [33k] and with that it will also experience twenty two thousand [22k] I don't think bitcoin reduction in value will get to such level, because what makes the value of bitcoin to increase is when the demands is of high advantages or potential than the supply,  right now bitcoin is having a massive adoption so their is every possiblity that the price will end its downfall at thirty seven to thirty six thousand [37k/36k]

[Jegileman]

In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

As I mentioned earlier, this will be the last Bitcoin correction.
My Final ATH Price Prediction for Bitcoin - https://bitcointalk.org/index.php?topic=5463885

I have come across a lot of speculations in this board but after going through the analysis you posted and links to your past price predictions of bitcoin, I am becoming more convinced and confident in what you’re predicted to be the price of bitcoin and how the market flow will look like in the coming days, weeks or months.

Like you said, “till then, consider this a speculation” maybe until when proven. This was the only word that made me doubt your predictions again but for the price to hit what you predicted in your post in December last year, I still have some level of trust in your prediction. It will play a role in my savings henceforth when I want to buy or sell, but ultimately I’ll prioritize hodling for the long term more.

[Greyhats]

Its funny how all the movers and shakers come out with their predictions when there is confirmed move. Honey badger doesn't give a fuck, who know maybe the price will reverse and all these lower lows will not happen. Its impossible to predict, but one metric 1btc = 1btc

[Dr.Bitcoin_Strange]

As I mentioned earlier, this will be the last Bitcoin correction.
My Final ATH Price Prediction for Bitcoin - https://bitcointalk.org/index.php?topic=5463885

Cheers! 

I agree with you about this. In the past week, when the price hiked and got to $47k, I was actually predicting that it was heading to $50k before it would retard, but it seemed that was how far it could go, but I did not actually know that it was going to go below $40k. I didn't see that coming. I believe this will be the last correction just like you said. Any time there is a sharp decline in price, it usually give rise to a huge pump too when the time is right. Now is just time to buy the dip because we might not see the price going below the current price if the bull market is fully started.

[Popkon6]

As Bitcoin is currently in low momentum, it is a great opportunity for investors. In the past of every bitcoin halving, the price of bitcoin is very low and during this time experienced investors invest huge amount of money in bitcoin. Because the next bitcoin halving is waiting to happen, the price of bitcoin increases dramatically after a bitcoin halving. As the Bitcoin market touched from 15.5k to 48.9k, now from 48.9k to 38.5k now Bitcoin price has come to I see massive dumping in Bitcoin market. Since bitcoin halving is only a few days away, I advise every investor to invest in bitcoin as soon as possible. This chart can teach the same thing.

[BALIK]

In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

I choose $33k, not $22.9k.

Price like $22.9k needs a big shock in the world and all markets have very big drops, not only this cryptocurrency market. In 2020, it's Covid pandemic but in 2024, what will be able to cause the same global market drop like that?

World War III? I want to see cheaper price of bitcoin to use my small money to buy it more but if it only happens with World War III, I will choose peace, not Bitcoin $22.9k.

I also lean towards the scenario of $33k being the lowest bottom for this correction. But if they want to create a big shock for the market again, they don't need big black swan events like the Covid pandemic or the third world war. If they want bitcoin to be dumped to $22k, market makers will always have a reason to legitimize it, the market can still be manipulated and not just influenced by macro news world tissue. Furthermore, we still have a time bomb on the market, which is CZ, all news about him is currently being kept quiet. I guess maybe they will use that as an excuse to create Fuds and cause panic in the market in the near future if they want bitcoin to fall more.

[Baofeng]

As Bitcoin is currently in low momentum, it is a great opportunity for investors. In the past of every bitcoin halving, the price of bitcoin is very low and during this time experienced investors invest huge amount of money in bitcoin. Because the next bitcoin halving is waiting to happen, the price of bitcoin increases dramatically after a bitcoin halving. As the Bitcoin market touched from 15.5k to 48.9k, now from 48.9k to 38.5k now Bitcoin price has come to I see massive dumping in Bitcoin market. Since bitcoin halving is only a few days away, I advise every investor to invest in bitcoin as soon as possible. This chart can teach the same thing.

Regardless of what the OP's prediction, $33k or $22.9k, it will be a good buying opportunity if the chart is validated as per his TA. So just like any prediction, it's going to be a hit or miss. Maybe it's that the OP is trying to get us some hint so that we will know what we are going to do in this kind of situation if indeed it will be validated by the market or suddenly it will make a shift and obviously, everything is negated.

And with that, it will be a golden opportunity stack sats again in preparation of a massive bull run after the block halving. So it's either we take the OP prediction to be ready or resists it and says that it will not go down that low, it's up to us.

[sgbett]

I don't make the rules!

[Yamane_Keto]

A quick rebound from $38,000 may give a signal that we will not go far in this correction, as indicators such as (MACD) and (AO) are still interacting positively with the price, so at the present time we will not move much and we may test $38,000 several times until mid-February. Next, ETF news has become less interactive, which means that we have reached the point of consolidation now unless anything new happens.

[Fundamentals Of]

Although everything is possible in the Bitcoin market, I would like to believe that $33,000 is too far down below. There's currently a tug-of-war at $40,000. The price goes down to $39,000 or even $38,000 but $40,000 comes back immediately. It seems $40,000 doesn't give up, but once the price breaches $40,000, it will also be immediately rejected causing the price to once again fall to $39,000. This is exciting. But I'm confident this is temporary and as halving nears the price also rises.

[Reatim]

Hi all,

You might know me or not, I posted Bitcoin Price charts and my prediction was $25k to $42k (https://bitcointalk.org/index.php?topic=5476595). And now that is complete, we are onto the next step now.
After going up by like 200%, Bitcoin is taking a bit rest. It's normal and it might be the last discount you will get on Bitcoin.




Cheers! 

I like that words about this might be the last discounted price we could ever get so better not to waste this  opportunity to buy more , I am sad not to have available money now as I have already invested all of the funds I am allow to risk by my wife but still looking for ways to add in my crypto/bitcoin holding as I also believe that this will be the last time that we may see bitcoin lowering down to 30k level.

[EarnOnVictor]

Hi all,

You might know me or not, I posted Bitcoin Price charts and my prediction was $25k to $42k (https://bitcointalk.org/index.php?topic=5476595). And now that is complete, we are onto the next step now.
After going up by like 200%, Bitcoin is taking a bit rest. It's normal and it might be the last discount you will get on Bitcoin.

In this chart, you can see two Fibonacci levels:
0.33 - $33k
0.66 - $22.9k

These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

I wanted to skip this reply before but I couldn't because I see this post as too much fake. First, there is no certainty in the market, saying breaking the $33k will "surely" touch 22.9k is too certainly, we are only speculating, the market has the final say, so a better use of words might be more appropriate.

Secondly and mainly, I see your post as one of the ways that people cajole the newbies or traders without much knowledge about trading online but I never knew it could be so obvious in a prestigious Bitcointalk like this even as you continue to propagate such falsehood. By the way, congrats on your target hit last year, but even a gambler had their targets hit too, so I won't let that blind me like it would do many.

However, the big deal I see now which is in the reverse is the modality of how you got your Fibonacci levels. This is absurd, no such levels exist on the 1D, 1W and 1M charts of Bitcoin which one could use to analyze a long-term disposition of any market. By the way, why can't you include the timeframe you used? After all, it is the least that a professional analyst would do. Trading is no joke and I think it is high time you stop what you do not know, or learn it first. Why force it? You often like to dodge my questions, I guess this is the right time you prove yourself. Those levels indicated whose Bitcoin price did not tally are not even deemed fit to call the strong/main Fibo levels, not to mention using them as reference points.

[kotajikikox]

Hi all,




These two are the supports for the current price correction. If Bitcoin goes below $33k, It will surely touch $22.9k, no questions asked.
And if it starts bouncing up before closing a candle below $33k, Bull run continues.

As I mentioned earlier, this will be the last Bitcoin correction.
My Final ATH Price Prediction for Bitcoin - https://bitcointalk.org/index.php?topic=5463885

Cheers! 

I'm familiar to your predictions and yeah they are worth reading , and now that you mentioned that 33k level yet did not happen and instead the increase returns and now recovered above 40k again , does this mean the bull will continue mate? if does then we must be ready before it happens.