Will BTC go back to $40K - $30K range before a bigger rally?

[QueenSk]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

[1714566890]

1714566890

[1714566890]

1714566890

[1714566890]

1714566890

[1714566890]

1714566890

[1714566890]

1714566890

[Aanuoluwatofunmi]

With what is happening presently on the market price, bitcoin may not go further in dip than we already have to $67,000 and if anything could happen of such that we go more bearish from here, this new week will tell on how the market performance is going to be, but on every bullrun that happens, we always have it accompanied with bear market which is part of what makes it more volatile that we have to be careful with trades and investment we are making by setting the right priority on time to invest, hold or release our investments.

[electronicash]

it's always going to rally after halving, for maybe weeks after.
a little dump is happening, it could be a correction but some are also saying it's just taking a little dip and it will resume to touch $80k.

$40k i think it's a bit deep, this dive is just like a plane taking an azimuth to go further up soon which i think the bottom of this could just be in the support line in 65k. it will bounce soon to continue right where it left.

[SamReomo]

No, I don't think that we may see Bitcoin at $40k or $30k again anytime soon. I expect this correction to go as low as $60 at most, after that it will start pumping again and we may soon see it crossing it's current ATH.

Bitcoin as we know always does price correction after pumping hugely, not only Bitcoin but all crypto-currencies does that. Bitcoin is less volatile as compare to many other crypto-currencies but when it starts going up then it will have to come down. But, after that it will slowly start moving up again.

[Oshosondy]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

[kentrolla]

It's too early to decide in anything because there has been slight correction from last two days and we are already seeing lot of fuds in the market and I just ended up scrolling through the Binance buzz feed and the sentiments over their are so negative that's no one wants to buy Bitcoin at the moment and they are expecting further dump. I wouldn't say it's going to dump further or recover like it did last time though I am sure it would happen but I would advice people to wait for few days and take a call.

[BITCOIN4X]

Please don't think that bitcoin will lose 50% of its value once its price reaches $73k. The price correction that occurred in the last few days is considered normal because there was a lot of selling pressure at the peak of the increase. Prices have fallen, but are likely to recover in the near future. These are the times that affect investors the most because prices are very unpredictable, but you can still take advantage of these changes to accumulate instead of selling.

I don't expect a change in trend ahead of the halving, so corrections like this should be considered normal. But still, you must be prepared to lose several percent of profits if you decide to hold bitcoin when the price has reached its peak. That's a consequence you have to consider if you want to get big returns in the long term.

[QueenSk]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

I don't think we can know that because the market is so unpredictable and we have seen such things in the past where Bitcoin used to lose a lot of value before the halving and regained it after it. I also hope that doesn't happen but we should be prepared for everything possible.


@kentrolla - I agree with you. I saw the corrections from the recent days and realized that the pattern that it is building seems like it is going to dip further, but we can't be sure about it.

[BitMaxz]

It's pretty hard to predict Bitcoin nowadays there are lots of things happening with Bitcoin but I don't think the price would go back to $40k or $30k again.

The only reason why the price drop these days is due to the whale alert that suddenly popped up on cryptopanic 2 hours ago.
According to Alert, 50 BTC is being transferred to Coinbase, a wallet created in 2010 it's a 14-year-old BTC on that wallet.
If you are not aware read this "Satoshi Back? Nakamoto-Era Bitcoin Wallet with 50 BTC Suddenly Comes Back to Life After 14 Years"

As you can see on the transaction date it was made before the recent price drop. If that's the only BTC they sold then later we should see a bullish market again and hit new ATH.

[o48o]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.
-cut-

Please make some effort when you are posting. Because "based on the pattern on the chart" it's also not going to correct itself, as that depends on what pattern you are looking at.

Chart is made of patterns, so without saying what the pattern is you could be just making it up. Also give it a moment. Not even month has passed since it broke 2022 ATH and is still above it, so what the hell is this talk of 40k-30k?

So please back that up with some technical analysis. 40k-30lk is too much for huge handle for a cup and i can't see such retrace with elliot wave (if you believe in such) or anything else that would make sense.. So maybe share a tradinview chart, because 40-30k sounds like numbers you drew from a hat.

[Xxmodded]

I don't sure with bitcoin will go back to $40k to $30k because too large comparison with current price of bitcoin above $67k, little possibility how come bitcoin will dropping more than 50% after success breaking out higher price and make new all time high price.
The same expected before when bitcoin success raising up to $60k always has expected with bitcoin will drop but the fact bitcoin make another new all time high price.
I don't know what technical and researching before or not to make post and OP prediction more far away with current bitcoin price, maybe possibility with correction few percent but dropping more than 50% almost impossible and close halving bitcoin will raise more higher price than the last all time high price.

[QueenSk]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.
-cut-

Please make some effort when you are posting. Because "based on the pattern on the chart" it's also not going to correct itself, as that depends on what pattern you are looking at.

Chart is made of patterns, so without saying what the pattern is you could be just making it up. Also give it a moment. Not even month has passed since it broke 2022 ATH and is still above it, so what the hell is this talk of 40k-30k?

So please back that up with some technical analysis. 40k-30lk is too much for huge handle for a cup and i can't see such retrace with elliot wave (if you believe in such) or anything else that would make sense.. So maybe share a tradinview chart, because 40-30k sounds like numbers you drew from a hat.

Thank you for your response, and I'm sorry if I made you feel that way. You are my senior, so I respect your opinion and knowledge you shared. I'm no expert when it comes to the market but I just tried to share what I understood without knowing I would get attacked for it this way.
The pattern I was talking about was just that I could see Bitcoin hasn't been able to cross its recent highs and I just thought of discussing it with others in here.
I didn't know it's an offense to do that, I'm sorry. 

[goaldigger]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

Most probably many are posting this kind of prediction to create panic and fud which I think is normal because of the price manipulation. Bitcoin going back to below $50k is like saying the market is in bear again which I totally disagree. This is indeed just a little correction before we finally see the strongest bull trend, $100k is the target and can even go higher.

[Dr.Bitcoin_Strange]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

"Ever again" Doesn't it sound like you are just talking about this period of halving? Does it mean you are sure that even in the future, Bitcoin will not again dip to $40k? Is that so? How sure are you about this? OP, if you really have had a lot of experience with Bitcoin or you have gone through the price history of all the bear and bull markets of Bitcoin, you will realize that every volatile asset has the tendency to experience a huge drop in price and a huge pump too; it's vice versa. I am actually looking for the worst price dips in Bitcoin history, but I can't find where I saved the information again. If you have time, you can read about the bad market crashes of Bitcoin, and you will see how badly the price dropped in the past after reaching a high price that most people also thought that it was not going to drop. 

[DaNNy001]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

"Ever again" Doesn't it sound like you are just talking about this period of halving? Does it mean you are sure that even in the future, Bitcoin will not again dip to $40k? Is that so? How sure are you about this? OP, if you really have had a lot of experience with Bitcoin or you have gone through the price history of all the bear and bull markets of Bitcoin, you will realize that every volatile asset has the tendency to experience a huge drop in price and a huge pump too; it's vice versa. I am actually looking for the worst price dips in Bitcoin history, but I can't find where I saved the information again. If you have time, you can read about the bad market crashes of Bitcoin, and you will see how badly the price dropped in the past after reaching a high price that most people also thought that it was not going to drop. 

What's the number one feature of crypto (Bitcoin) ? Answer:: volatility. So there's every tendency for the price to fall as low as $40k back and this was almost same issue that happen after the last halving and the achievement of the last ATH, I mean the price dropped so drastically that no one could believe that after Bitcoin reaching ATH of $69k it could go back to as low as $18k because I remember that was the dip price range when the bear market brace Bitcoin with it presence so when it comes to the dip of Bitcoin price it can also be as wild as the pump too.

[cryptomaniac_xxx]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Ok, but it did crossed it's previous high already right? $73k was achieved last week and so your initial assumption is wrong already. We could be seeing minor dip just like what is happening right now, $66k, hmm but that price is still big?

No one really knows, investors will say that it will not go that low, but speculators, day traders will make you a chart and show that it's possible to go to $30k-$40k.

So pick which side you are on. And the question is not reaching $80k before the halving, Bitcoin already shows that we made history already by breaking the previous all time high. You should look long term and ask how big this bull run will be.

[FinePoine0]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

No wise person has yet made an accurate guess about the price of Bitcoin. So it is impossible to say exactly which direction Bitcoin will move. As we are very close to Bitcoin Halving, we will go through Bitcoin Halving in just a few days. So it is more likely that the Bitcoin price will remain in the normal range so that investors can get out and invest

[hatshepsut93]

It could, but I don't see why it should. We already have bullish momentum, and the news are quite positive, so someone need to take massive profits to trigger a crash, but it seems it's better to wait a bit more to do so, because the halvening hasn't even happened yet - why take the profit now if you could do it later after letting the price go up more? I think the big corrections will start happening after we cross 80k or 90k

[AirtelBuzz]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

If this happens in the market then we will have nothing to do because no one is in control of the cryptocurrency market. The crypto currency market moves at its own pace. But the price of bitcoin you mentioned I don't think the price of bitcoin will come down that much even with dumping.The price of Bitcoin rose above $72,000 but recently the market has been dumping a bit and now the price of Bitcoin has reached $65,000. If the price of Bitcoin falls to the highs we may see the price of Bitcoin at least $50,000 before the Bitcoin Halving.

[poodle63]

nah I don't believe it will go that low worst case scenario might be $50k but thats it, people are buying bags of bitcoin because they know the pattern, recent pullback will just float around $60k - $70k probably
because why? ETF are hitting all time high right now, surely the market won't suddenly dumps and causes people to suddenly lose a lot of money.
added with the many projects deployed that tries to attract btc for staking.
I think so far recent correction is something to be expected because we know earlier rally was going so high it goes even higher than all time high.
with measly pullback like this, eventually bitcoin will recover.
also, halving is around the corner, added with ETH ETF. its overall good situation for bitcoin and other cryptocurrencies so many hypes.