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

[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.

[adaseb]

You don’t want a pullback that deep, if it pulls back into the $30K I would say it would be a bear market and it will trade in that area for many many months. We had a huge dip and $65K and hopefully it doesn’t go any lower than that.

The flows were positive last week and we got lots of tether entering the market so the steam shouldn’t run out anytime soon. But if we keep dipping, and touch $45K or so I would say that the top was $74K.

[Btcdeybodi]

From my own observation, since when the price of Bitcoin reached $35k the correction in it's price is not higher than $10k that is for instance, When the price of Bitcoin was around $35k, the highest it dropped was $30k, then it got to $43k and dropped around $38k, then it got to $48k and dropped to $38k, so with this analysis now that the price has reached an ATH of $73k and dropped around $65k I don't think it would drop to a lower level of $40k again no matter the corrections that will take place except maybe after the bull run.

[wxa7115]

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

This correction seems to be stronger than the ones we saw during the previous months, but it should not be a motive of alarm to anyone, and if bitcoin went back to 40k or even 30k, I am sure there are many investors that will be happy with such news, as it is likely this could be the last opportunity to buy bitcoin at that price before a new bull run were to appear.

Still, there is no much of a point worrying about it, this is the part of the cycle when everything begins to go our way and a small setback should not make us nervous, and if anything we need to think about it as an opportunity.

[AnonBitCoiner]

Bitcoin is currently down but in previous days it has crossed the previously created ATH and go ahead of it to and has touched the value of 73k$. This implies to the fact that we are in Bull season but this little dumps are happening just for correction and is not a major problem with bitcoin.

I don't know that when it will reach to 80k$ but I think that halving is near so we can see little more pump above 73k$ before halving and may be it touched 80k$ but still these are just assumptions. Halving is nearer and we will see a big pump during and after halving so be careful and don't sell your coins with loss.

[Obim34]

From my own observation, since when the price of Bitcoin reached $35k the correction in it's price is not higher than $10k that is for instance, When the price of Bitcoin was around $35k, the highest it dropped was $30k, then it got to $43k and dropped around $38k, then it got to $48k and dropped to $38k, so with this analysis now that the price has reached an ATH of $73k and dropped around $65k I don't think it would drop to a lower level of $40k again no matter the corrections that will take place except maybe after the bull run.

I am very much full on this, we are not seeing anything like $40k down to $30k during this correction period. If it's even possible to get down below $60k to $50k I still won't believe, in my own view of the market we are expected not to see anything below the $60k  mark, it all ends there. As the week begins we may be prone to increase in market value, so no need paying much of an attention to the correction.

[davis196]

To be honest, I really don't know why the price went from 73K to 67K in the last Friday and Saturday. Maybe the FOMO phase had lost it's power and the selling pressure managed to overcome the buying pressure. I was expecting a price correction, but I don't know how much the price is going to fall before the next pump. One thing is for sure. The FUD army will begin spreading lies and BS about Bitcoin. We've all witnessed this happening during the bull runs in the last. The FUD gets more intense when the Bitcoin price is pumping. More "weak hands" will panic sell during the price correction, which might help for prolonging the price drop. Anyway, the real bull run has to occur several months after the halving.

[d5000]

I expect a bigger pullback somewhen in 2024, but not quite, and above all not to 40 and much less 30k.

From my perspective, Elliott Waves is a quite good metric to analyze the current situation. In my opinion we are currently in an Elliott wave 3 of a bullish cycle (which has 5 waves, 1, 3 and 5 are positive). Wave 3 is usually the strongest, because it is when the masses (institutional and retail alike, although the latter still not in full extent) will begin to ride the train because they're convinced that the asset will go up.

Having analyzed the three previous bull runs, I think we're now in the final phase of wave 3, because after some time of almost perfect uptrend, now the growth is becoming more "wonky" and there are several small corrections. That was very similar in previous uptrends - for example, in 2021 when wave 3 culminated in April/May, from about January on the pullbacks began to go deeper, but there were still higher highs. I also expect some more highs still. My personal estimation is about 80-90k for this high, 100k would be quite much.

After the wave 3 top I expect a deeper correction of about 30%. If we say that 85k could be the top, this should take us to 60k again, maybe to 50k, but I don't think the 48k January high will be broken.

Then of course wave 5 begins, the last bullish wave dominated by retail speculators, and this one could take us to 120-150k or even higher (depending on FOMO level and demand situation) for late 2024 or early 2025.

This is of course one theory of many, but I found that Elliott does surprisingly well when analyzing past movements in retrospective.

[salad daging]

To be honest, we don't want bitcoin to correct by half because that's too far how those who have expected more will certainly be mentally affected by seeing that significant correction, but in my own view bitcoin will not correct further.

Quite simply what I do if bitcoin drops 50% will buy more at that price because for a bounce it won't take long especially before / after halving then it will be a short time for anyone who HODLs from buying the lowest price.

Once we do not believe the price of bitcoin will correct further.

[Republikcoin.com]

From my own observation, since when the price of Bitcoin reached $35k the correction in it's price is not higher than $10k that is for instance, When the price of Bitcoin was around $35k, the highest it dropped was $30k, then it got to $43k and dropped around $38k, then it got to $48k and dropped to $38k, so with this analysis now that the price has reached an ATH of $73k and dropped around $65k I don't think it would drop to a lower level of $40k again no matter the corrections that will take place except maybe after the bull run.

You made quite a good and also quite reasonable analysis of the price of Bitcoin. Now Bitcoin has returned to the $68K price level which is not too far from its highest level ever this month. So I also think that this price correction will not be too deep or reach $40K again because price improvements after corrections also often occur in Bitcoin, which generally occurs this month. Bitcoin could also still end the month at $70K if the current price range continues for two weeks.

[LogitechMouse]

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

A correction is likely to happen after the Bitcoin halving event, but I believe that it's price will go at around the $60,000  - $65,000 price range.

Will BTC go back to $30K - $40K? There's a possibility for everything because after all, it's crypto and anything can happen. The question though is "How realistic this scenario can happen?" TBH, with how optimistic I am this year, I don't think that we will see Bitcoin going as low as $40,000 at least this year. The lowest that it can reach is maybe at the $50,000 but the chances are kind of low IMO. Maybe the next time that Bitcoin will touch that price again is if the market is in a bear market again.

Of course, I might be wrong though, and we might see Bitcoin touching that price range this year, but the chances are pretty low. The "Fear and Greed" Index shows that we are in a greed, so I expect more people to buy more Bitcoin hence, pushing the price upwards. Investors are optimistic right now, so I don't see Bitcoin going as low as that price before making a big rally upwards.

[QueenSk]

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

A correction is likely to happen after the Bitcoin halving event, but I believe that it's price will go at around the $60,000  - $65,000 price range.

Will BTC go back to $30K - $40K? There's a possibility for everything because after all, it's crypto and anything can happen. The question though is "How realistic this scenario can happen?" TBH, with how optimistic I am this year, I don't think that we will see Bitcoin going as low as $40,000 at least this year. The lowest that it can reach is maybe at the $50,000 but the chances are kind of low IMO. Maybe the next time that Bitcoin will touch that price again is if the market is in a bear market again.

Of course, I might be wrong though, and we might see Bitcoin touching that price range this year, but the chances are pretty low. The "Fear and Greed" Index shows that we are in a greed, so I expect more people to buy more Bitcoin hence, pushing the price upwards. Investors are optimistic right now, so I don't see Bitcoin going as low as that price before making a big rally upwards.

I agree with that. I think none of us would want that to happen but as you said nothing is impossible in this market and we have seen such things happening in the past. The greed index does show positive signs but the chart is showing something else which is why I wanted to discuss and gather the views of the community on the matter.
Even though we don't want that to happen but if it does, that will surely be a great opportunity for all of us to buy more before the bull run if we have missed those prices previously.

[MFahad]

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

You are right, Bitcoin is correcting itself but I wouldn't expect it to correct itself towards $40k or anywhere around that range because even if there is a huge sell-off in the market and everyone starts taking profit, the price will barely go below $50k and if it reaches $50k, that can be a good price point for everyone to buy more and keep holding for the bull run to take control of the market.
For now, the price stopped dropping and it is slowly recovering again, if it crosses $70k again, I think we will see it going to $75k after that and there will probably be no stopping it anymore.

[KingsDen]

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

No! I don't see this happening. It is more bullish inclined than bearish. Everything is gearing towards bull run, so we might not witness such a huge crash anymore unless a very serious negative fundamental happens.

From my own observation, since when the price of Bitcoin reached $35k the correction in it's price is not higher than $10k that is for instance, When the price of Bitcoin was around $35k, the highest it dropped was $30k, then it got to $43k and dropped around $38k, then it got to $48k and dropped to $38k, so with this analysis now that the price has reached an ATH of $73k and dropped around $65k I don't think it would drop to a lower level of $40k again no matter the corrections that will take place except maybe after the bull run.

Such a near perfect analysis. Although in this industry, nothing is so sure to be believed 100% but this analysis is something that can serve as a reference purpose.

[Wiwo]

I agree with that. I think none of us would want that to happen but as you said nothing is impossible in this market and we have seen such things happening in the past. The greed index does show positive signs but the chart is showing something else which is why I wanted to discuss and gather the views of the community on the matter.
Even though we don't want that to happen but if it does, that will surely be a great opportunity for all of us to buy more before the bull run if we have missed those prices previously.

The fact that bitcoin dropped sharply to around 65k doesn't mean it can drop to as low as 40k or even 30k, that is too way down the road for bitcoin at this moment,  alot have changed and to a good extent we may likely see a more resistant market outlook around 66k to 70k before the halving which is already almost here, so for sure bitcoin won't slide down to that base level price reality not now and not anytime soon.

We are at a critical stage and point for bitcoin and this year 2024 holds to many events that will push bitcoin relevance high and the buy appetite also will be high so selling off that can cause a dump in price is some how very far at the moment.

[Viscore]

You don’t want a pullback that deep, if it pulls back into the $30K I would say it would be a bear market and it will trade in that area for many many months. We had a huge dip and $65K and hopefully it doesn’t go any lower than that.

The flows were positive last week and we got lots of tether entering the market so the steam shouldn’t run out anytime soon. But if we keep dipping, and touch $45K or so I would say that the top was $74K.

The market is actually still positive these days, and bitcoin is priced at $68k. Although I have been expecting a price correction after the rapid price increase but I’m not thinking of a major correction either like dropping below $40k or $30k. For me, if bitcoin will fall to its deep, most likely $60k or below. However, no one holds the future of bitcoin. We can still get surprises every now and then, so it’s better to just prepare for it and then set some plans if ever that happens.

[philipma1957]

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

30k?

if it does you will be known as a mad genius.

[GeorgeJohn]

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.

when bitcoin price was increasing many people was lamenting that the price will reach to the extent of 200,000 some also said now the price of Bitcoin will also reach 100,000 right now the price is falling back which nobody knows if the price will it fall below 40,000 to 30,000 as you place the Range here, when I say that we should not be Lament on high price or high speculation of Bitcoin or not to be excited when the price of Bitcoin increases more people does not believe that they always thinking that bitcoin price rise into continue to rise not knowing that it is something that influence the market.

[GigaBit]

It is not unusual for the market to correct slightly after a quick uptrend. Moreover, we have seen how aggressively Bitcoin has risen since 47K. Now Bitcoin is in a position which can definitely a safe place. But it would not be unusual if there is a further dip from this situation. I can't imagine 40k before Halving. Because there won't be a chance to get such a big dip since the halving doesn't have much time left. As per my expectation the maximum dip could be 58K. But I think the market will stabilize between 62k to 70k and after that it will be bullish again. I strongly believe Bitcoin will touch $100,000 before the halving. It may even go from 100k to 150k because there will be an increase in the number of investment capital due to ETFs. But all these are predictions. Anything can happen to Bitcoin at any time.

[mirakal]

To be honest, I really don't know why the price went from 73K to 67K in the last Friday and Saturday. Maybe the FOMO phase had lost it's power and the selling pressure managed to overcome the buying pressure. I was expecting a price correction, but I don't know how much the price is going to fall before the next pump. One thing is for sure. The FUD army will begin spreading lies and BS about Bitcoin. We've all witnessed this happening during the bull runs in the last. The FUD gets more intense when the Bitcoin price is pumping. More "weak hands" will panic sell during the price correction, which might help for prolonging the price drop. Anyway, the real bull run has to occur several months after the halving.

I guess we all expect a price correction right after a series of pumps is observed. That is how a volatile market works. Most especially for bitcoin where it’s highly volatile that makes it highly unpredictable as well. One day it will skyrocket and reach an all time high, while the next day it’s bound to drop again and resulted a price decline, and those who have been staying long in the market have been already accustomed to it.

Now talking about if bitcoin price will eventually reach its dips like $40k down to $30k, I can see this might not be possible with how bitcoin works in the market these days. But as we say, all we have are just speculations, and we can only tell by then once the real scenario happens. So it’s always patience is the key. If you’re not patient, you will see yourself on the losing end.

[AmoreJaz]

You don’t want a pullback that deep, if it pulls back into the $30K I would say it would be a bear market and it will trade in that area for many many months. We had a huge dip and $65K and hopefully it doesn’t go any lower than that.

The flows were positive last week and we got lots of tether entering the market so the steam shouldn’t run out anytime soon. But if we keep dipping, and touch $45K or so I would say that the top was $74K.

The market is actually still positive these days, and bitcoin is priced at $68k. Although I have been expecting a price correction after the rapid price increase but I’m not thinking of a major correction either like dropping below $40k or $30k. For me, if bitcoin will fall to its deep, most likely $60k or below. However, no one holds the future of bitcoin. We can still get surprises every now and then, so it’s better to just prepare for it and then set some plans if ever that happens.

No matter what happens to btc market, the outcome of your portfolio will still depend on how you act on every dip of this market. If you are just a mere observer, you won't go anywhere with your portfolio. People are asking this question for them to have like an assurance that they are not making a mistake of buying some btc or better yet, they have other people assuring them that if they bought below the ATH, they still have the chance to gain profits later on.

To be honest, we don't want bitcoin to correct by half because that's too far how those who have expected more will certainly be mentally affected by seeing that significant correction, but in my own view bitcoin will not correct further.

Quite simply what I do if bitcoin drops 50% will buy more at that price because for a bounce it won't take long especially before / after halving then it will be a short time for anyone who HODLs from buying the lowest price.

Once we do not believe the price of bitcoin will correct further.

There may be correction but going down as much as 50% of it, would take important events happening in crypto market why such great decline of price. But if it does happen, I guess a lot of users will be in the buying spree as it will be a very good opportunity to collect some particularly if you do believe in this market.

[JimboToronto]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

[YUriy1991]

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

I think the ability to see where the market is going should be the main focus with updated information about conditions and issues that are currently hotly discussed. For me, if that's the case, it's like a classic dilemma and you just need to deal with it well, and this looks like when BTC rose high during the previous week, will we miss the train again and for now we are doing the opposite, will BTC corrected more deeply then bought.

I think we're more likely to see $300k-$400k than $30k-$40k.

It looks like buyers have to print more, otherwise the price will continue to move upwards.

[Bd officer]

.

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

I expected the price of Bitcoin to cross the highest ATH before the halving ahead, Bitcoin broke its previous high price record before the halving and again recorded a new high ATH. We cannot accurately predict the price of Bitcoin. However, since we are so close to the halving, I think it won't be $80k before the halving. I expect it to be in the $70-80k range before the halving.

[Nothingtodo]

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

There will be a bear market in Bitcoin but it is not certain that the market will stay below 40000. But at the current position, Bitcoin has a chance to cross eighty thousand dollars very easily. But before the halving, Bitcoin must close $70,000 again. But if Ethereum Spot ETF is approved then definitely Bitcoin will cross $100k within this year.

[peter0425]

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

What I do believe is if Bitcoin drops down to 30-40kish? then that would be the meaning of Bear market and yeah of course it will climb back to the top but surely that would not happen instantly instead will take long months of growing back
if bitcoin did not maintain its 50-60k positioning then there are more possible that we will suffer from what Halving usually  brings and that is Bear.

[Adbitco]

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 really love your believe in bitcoin but lemme shock you sir, do you know that we can't predicts bitcoin price?
There is every possibility for the price to dip 50 percent from the newly ATH and you knows that maybe if there were any bad news that hit the market so hard we can likely experience that coming so quickly without delay.
Well, from my own believe bitcoin gonna dip to 50k before halving or maybe after halving before we can see it cross that 100,000 dollars as may feel it so quickly. If there is nothing I have learnt from bitcoin I can't forget the volatility level of bitcoin this can humble you at anytime when you don't expect it.

[jaberwock]

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 really love your believe in bitcoin but lemme shock you sir, do you know that we can't predicts bitcoin price?
There is every possibility for the price to dip 50 percent from the newly ATH and you knows that maybe if there were any bad news that hit the market so hard we can likely experience that coming so quickly without delay.
Well, from my own believe bitcoin gonna dip to 50k before halving or maybe after halving before we can see it cross that 100,000 dollars as may feel it so quickly. If there is nothing I have learnt from bitcoin I can't forget the volatility level of bitcoin this can humble you at anytime when you don't expect it.

I do agree that we have no idea what bitcoin will do, but that doesn't mean that we do not know the long term, we just don't know what it will do short term. So could it go back to 40k? I don't know, it's technically possible, I do not believe that it will but I can't provide any proof that it won't. However, we should probably realize that it is not going to be all that confusing to have something that will be all that difficult neither, we need to just realize that it would be simpler than that.

So all in all, I think it is clear that we are going to do fine, only thing that matters at this moment is to just let it be. I hope to get a better result, and for that to happen I just need to hold, so I do not fear any drops.

[Bitstar_coin]

It is always good to make this type of post to be a part of history when btc keeps breaking records time and again.

I guess the OP don't know what's ahead, halving is very close and there are higher price prediction than what we are seeing now. Perhaps what we are witnessing now is the aftermath of the ETF approval. I remember majority of the btc community expressing disappointment as the price dip after the etf news.
Btc is a wonder coin and it is hard for anyone to correctly predict it's movement.

Even if it will correct I doubt it will go as low as the OP has indicated. Let's watch and see how things will play out.

[aoluain]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

I was thinking something similar, the OP is hoping to buy at that price range. I would say some
people got caught out when Bitcoin was $30/$40k and hoping to buy lower, then it ~doubled!

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

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

[ajiz138]

Not sure bitcoin will crash back to $40K this is still too far even though your view says "no one knows" but stagnant now bitcoin will go back up after some time and this may be the same pattern before.

Expecting a big correction? Maybe! But I never expect this to happen, bitcoin will survive according to what we predict now then maybe the lowest point where the price to $60K and then will rise again after halving even before the rally starts bitcoin will still move.

[erep]

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

Every time the crypto market experiences a high correction, there is a lot of new speculation saying it will enter the bearish market zone, even though the market increase dominates compared to the low correction in the current market, the market is still in normal condition after experiencing a significant increase in the last two months, I do not agree with the opinion that the market will was in the bearish zone before the halving, at least the market is gradually above 50k before the next increase, and I am optimistic about that speculation.

[Franctoshi]

 I doubt if that would happen, seeing Bitcoin go back into the $40k zone, Yes, it is possible, after all, no one expected Bitcoin to be trading above previous ATH $69k before the halving, So getting such a correction is also healthy for the market and means more buying opportunities for me in the market. However, from my observation in the market how every dip is being bought up, Bitcoin wouldn't even spend a day trading in at $40k Level, it will be bought up ASAP, But from my analysis, and if at all, we have more selling pressure still coming in the market, $55k price retracement for Bitcoin is in agreement with some indicators I use, 50 Day RSI, and the 200-Day SMA,  for a healthy pullback.

[Wexnident]

I highly doubt it. If we ever go down, it'd be at most to around $55k or $50k. I'd probably expect to see a bounce back whenever we do reach those levels since a lot of people are still rather bullish. The current correction we have was honestly something I expected around when we went to $50 -55k, but probably went a lot higher due to the FOMO back then.

Still, again, I don't think we'd be seeing $40k so if you're thinking of waiting to buy, don't. Just DCA if you really want to. The halving still hasn't even happened, and I expect the effects of said halving to happen half a year to a year later anyway.

[_BlackStar]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Someone may realize they missed the train - so they want it to turn around in the hope of getting on it. LOL

As for the possibility of a correction, IMO it's possible - but at $40K, I think it's less reasonable to expect. Prices will be even higher after the halving - so anyone who doesn't buy now or has bought before will only regret it. Currently the price is undergoing a correction - at least giving anyone a chance to buy below the ATH, so they can still get it before the train moves.

[Adbitco]

Snip

So all in all, I think it is clear that we are going to do fine, only thing that matters at this moment is to just let it be. I hope to get a better result, and for that to happen I just need to hold, so I do not fear any drops.

But if I may asked is there any need to get disturbed over the price of bitcoin knowing too well that such person aren't holding? Bitcoin as we may see could likely repeat what happened where people would think that bitcoin gonna reach 100k last time and it bounces back to what we don't expect. But as long term investor whenever bitcoin drops we shouldn't get worried rather we can utilized such opportunity to accumulate more by involving oneself into DCA and, with what the market is displaying currently DCA is the best approach to follow the market.

[Troytech]

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.

I think it's better to call it a correction than a bearish moment, we are clearly still in the bull and we can't just switch to a bear market when the price trend is still going up when looking at it from a higher time frame.

I think this recent correction was bound to happen, but from my previous speculation I was really expecting it to be strong and go down to 60k before gaining strength, but clearly I can see that the sell pressure isn't that much since bitcoin reached a new peak. I believe that as we reached a new ATH some investors decided to sell and that's what caused the price to correct and it would have been much more high if the ETF buying isn't giving the correction quite the resistance by buying almost all or a percentage of the available supply that the recent selling has caused in the market and I don't think the pressure of the correction would go further than this 66k range minimum that we are seeing.

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

I don't know for sure how much lower its going to get but it's possible that we would maintain this battle of consolidation for a while maybe not specifically at this price range, but much like an up and down movement maybe for this week before we settle and gain back momentum to reach 80k, the halving us just around the corner and it's now invalid to be expecting the bitcoin to reach a new ATH after the halving, but right now we cam actually expect that the pressure or momentum of the bull woidl either have short boost and go up to 100k and hve a more bearish moment cause I'm sure the selling then wiudl be a lot higher than now and I'm not sure the ETF buying would give too much resistance to it and from there on I don't know if we would start having decile or if the market woudl recover and go up to 120k, but for now its all speculation.

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

Every time the crypto market experiences a high correction, there is a lot of new speculation saying it will enter the bearish market zone, even though the market increase dominates compared to the low correction in the current market, the market is still in normal condition after experiencing a significant increase in the last two months, I do not agree with the opinion that the market will was in the bearish zone before the halving, at least the market is gradually above 50k before the next increase, and I am optimistic about that speculation.

People seems to quite misunderstanding what a bear would mean, the market overall trend is bullish when looking at it from a higher time frame and you would not even notice this correction and a bearish zone woudl be like a major price decrease to 50k which would not happen considering the buying pressure still on by the ETF, this correction was bound to happen, weak hands woud love to valim profits and maybe buy back. So it's normal to had for this consolidation yo happen. Next week we should have recovered fro  this and up to 80k I guess or more playing around, who knows 🤔.

[QueenSk]

Still, again, I don't think we'd be seeing $40k so if you're thinking of waiting to buy, don't. Just DCA if you really want to. The halving still hasn't even happened, and I expect the effects of said halving to happen half a year to a year later anyway.

The market is quite unstable at the moment, so just like others, I'm still waiting to see what will happen next.

And since there is no clear direction for us at the moment, doing DCA will probably the best way to go in uncertain situations like this.

[stomachgrowls]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

There are still those $10k bearboys who are really that keep wishing that the price might be going down with these levels but actually this is really indeed a wishful thinking on which i could say that
it is really just that too far off on dropping this low but since we are talking about crypto space then we do know that everything could be possible but just simply looking about into the sentiments
around then it would really be that hard to believe that we would really be getting this low but of course it would really be that depending into things that could happen.
There's no way that we would be able to know on whats ahead.

For sure there would really be still that market corrections on which it is really just that normal on any market. So if you do see and waiting for that dip then
its up to your decision whether you would really be trying out to wait for those numbers on which it would be basically be depending into your decision.

[UmerIdrees]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

I still do not think that Bitcoin price of 40K is a "Wishful" thing as if the price dumps to that level, there will be so much fear that people will still not buy Bitcoin and wait for more lower prices. It's strange that we buy when the market is greedy and we sell when the market is fearful. The successful trader usually will do the opposite that is they will sell when everyone is greedy.

Anyway, we are so near to halving and already made the all time high, that going back to 30K seems impossible. Even I think that bitcoin prices won't even reach this level of 40,000$ again, not even in the next bear market.

[MFahad]

I think that bitcoin prices won't even reach this level of 40,000$ again, not even in the next bear market.

I don't think so, to be honest. Bear markets can be very brutal by nature, you never know how much the market might crash when the bear market is here and no matter how high the prices might go in during the bull run, it can still go back to those levels once we are done with it. No one must have thought that Bitcoin would go back to $16k last time when it touched $69k but it did.
So even if Bitcoin goes above $100k in the bull run, it will always have the possibility to going back to $40k or even lower than that in the bear market and the lower it goes, the higher opportunities it will bring for us buyers.

[wxa7115]

I think that bitcoin prices won't even reach this level of 40,000$ again, not even in the next bear market.

I don't think so, to be honest. Bear markets can be very brutal by nature, you never know how much the market might crash when the bear market is here and no matter how high the prices might go in during the bull run, it can still go back to those levels once we are done with it. No one must have thought that Bitcoin would go back to $16k last time when it touched $69k but it did.
So even if Bitcoin goes above $100k in the bull run, it will always have the possibility to going back to $40k or even lower than that in the bear market and the lower it goes, the higher opportunities it will bring for us buyers.

Taking into account the current bull run is just starting and we do not know how high the next ATH will be, we have no way to know how low the next bear market could make the price of bitcoin to go.

But how likely it is for the price to go below 40k right now due to a sudden correction? I am not sure, but if I were to guess I would say that it is unlikely we will see those levels again, unless there is a big scare created by a negative event with global implications.

[GreatArkansas]

What does Big Rally OP want to mean? I do believe we already started the big rally they talking about.
What we experienced was superb, creating new all-time high then now we just dumped from all-time high around -13%, then for me, it's just a normal pullback and just creating significant support on $60,000 level.

[CageMabok]

The market is quite unstable at the moment, so just like others, I'm still waiting to see what will happen next.

And since there is no clear direction for us at the moment, doing DCA will probably the best way to go in uncertain situations like this.

The current market conditions are still not too bad even though they are not very stable, but if you look at the benchmark for Bitcoin, you definitely wouldn't say that the market is unstable. Because the price range of $64K to $65K for Bitcoin is something that must still be considered good in terms of stability, even though in previous days it had exceeded $73K. However, if at this time you are still able to do DCA, I think that is still quite good because this method can always be relied on in all conditions in the crypto market.

[blckhawk]

I do hope that it does go even lower, really want to buy myself a lot of bitcoin, I'm good for a loan in my work so I know that I've got a lot of money at my disposal that I can inject all in to bitcoin in the case that it goes down so low that everyone's panicking to get out. I know that what I'm about to do with the loan is really weird and wrong for many of you but trust me on this one because I know that I can pay it off easily and there's literally no interest to the loan and I've got enough money for my basic stuff that when this happens, I'd probably just be giving up my weekly expenses on eating out and fund for a new shoes, that's about it so I'm confident at doing that and the money that's going to go back to me when I profited from that investment would probably be enough. I think that the more that bitcoin goes lower, that's going to be a guarantee that it will pump much higher, this has happened before to bitcoin so it's not a senseless rambling.

[tsaroz]

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

There is always a correction and accumulation before another push. The correction could be slight making current resistance above 62K to the the final one as prices have bounced back from that range for multiple of times now and in worst case scenario, it could go as low as 50K but no further. The price going below 50K would start another bear which is highly unlikely as there is high confidence in the market. People are accumulating at a higher price and a bull reaching 85K+ is on the horizon. There are predictions of bitcoin reaching 140K as well.

[Sorryfor]

By March of this year, the price of Bitcoin had reached a maximum of ATH 72000$. But shortly after that the price of Bitcoin started to dump and currently its price is at 64000$. There is still about a month left of the halving. Earlier in 2021, Bitcoin's price was at an all-time high of $69,000. Three years later, Bitcoin's value has regained its health. I expect the price of Bitcoin to not go up, but not down any time soon. However, many expect the price of Bitcoin to exceed $100,000. What are your ideas?

[kentrolla]

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

There is always a correction and accumulation before another push. The correction could be slight making current resistance above 62K to the the final one as prices have bounced back from that range for multiple of times now and in worst case scenario, it could go as low as 50K but no further. The price going below 50K would start another bear which is highly unlikely as there is high confidence in the market. People are accumulating at a higher price and a bull reaching 85K+ is on the horizon. There are predictions of bitcoin reaching 140K as well.

Yes indeed, we have seen this in the past as well hence it's better not to panic and make use of the dip which we should consider as accumulation period. This just resembles to every other bull run we have always seen such dips before the pump. I personally feel Bitcoin would cross $100k but I don't go with prediction because that was the case then Bitcoin should have breached $100k in 2018 itself but rather it would be wise to consider the targets based on how market trends.

[Nrcewker]

Currently anything can happen to be honest. Bitcoins are really going up and down in every hours. The traders are playing an important role in manipulating the price as I can see. They are buying at bulk quantity for which the price going up and similarly selling at large quantities for which the price also coming down. Most probably we will see a correction in the price before halving only. I am assuming Bitcoins will rest at 55k usd for now. Let’s see what happens next.

[AbuBhakar]

Currently anything can happen to be honest. Bitcoins are really going up and down in every hours. The traders are playing an important role in manipulating the price as I can see. They are buying at bulk quantity for which the price going up and similarly selling at large quantities for which the price also coming down. Most probably we will see a correction in the price before halving only. I am assuming Bitcoins will rest at 55k usd for now. Let’s see what happens next.

Some whales are playing on the crypto market because the price on daily time frame shows the obvious breakeven which means that it’s a target trading. However the overview of the Bitcoin chart is already showing a bearish movement that usually incomes with sharp correction if there’s no more whales playing the price.

I’m not expecting that the price will rally even after halving. This kind of strong price rally usually follow by sharp correction then long sideways until it will rally again for a possible new ATH.

[gunhell16]

Even if we say major correction, I think and think that it will not reach 40 000 dollars; that is too deep, and we are still in the current bull. I can understand or even consider that it is
possible if we are in a bear market period, so it's just that we're in bull season, so that's impossible to happen right now.

This is just my opinion, and I'm not saying that I'm sure of what I'm talking about about our talk of breaking or going back to 30k or 40k each of Bitcoin.

[aoluain]

Currently anything can happen to be honest. Bitcoins are really going up and down in every hours. The traders are playing an important role in manipulating the price as I can see. They are buying at bulk quantity for which the price going up and similarly selling at large quantities for which the price also coming down. Most probably we will see a correction in the price before halving only. I am assuming Bitcoins will rest at 55k usd for now. Let’s see what happens next.

Some whales are playing on the crypto market because the price on daily time frame shows the obvious breakeven which means that it’s a target trading. However the overview of the Bitcoin chart is already showing a bearish movement that usually incomes with sharp correction if there’s no more whales playing the price.

I’m not expecting that the price will rally even after halving. This kind of strong price rally usually follow by sharp correction then long sideways until it will rally again for a possible new ATH.

Yea anything can happen but it would want to be something massive like and FTX
going down to affect the markets this close to the halving

Its true that directly after the last halving for example Bitcoin took a bit of a drop but
look what happened shortly after that. Someone mentioned to me during the week that
the markets have previously corrected down 30 days before the halving? would be
interested to see some chart snapshots confirming that...

but as I posted previously I cant see an absolute nightmare selloff to collapse to
$30k or $40k

[stadus]

What does Big Rally OP want to mean? I do believe we already started the big rally they talking about.
What we experienced was superb, creating new all-time high then now we just dumped from all-time high around -13%, then for me, it's just a normal pullback and just creating significant support on $60,000 level.

If he is expecting that bitcoin price would fall so deeply, I think that’s quite impossible already as $60k might be its deepest price before bitcoin halving will hit the market. Although this remains a speculation but for now, it seems the price of bitcoin would not fall below $60k anymore. Otherwise, people would be in panic selling again most especially those who have bought bitcoin within these past few weeks when bitcoin has crossed the last ATH.

[serjent05]

What does Big Rally OP want to mean? I do believe we already started the big rally they talking about.

We do have a big rally since BTC is able to record new ATH but I think the bigger rally @OP talking about is the rally where Bitcoin is able to record a new ATH that is twice or more higher than the previous one.  It is the rally after the halving and before the Bitcoin market transitioned to Bear market.

What we experienced was superb, creating new all-time high then now we just dumped from all-time high around -13%, then for me, it's just a normal pullback and just creating significant support on $60,000 level.

True that, it was fascinating to see Bitcoin market to break its ATH this early, and since the price of BTC became overpriced during the rally, it is normal to see a correction to stabilize the market.  Even though I felt that the current rally that breaks the ATH is a manipulated event,  I am still happy to see that Bitcoin had recorded another new heights making me think that the Bitcoin market performance will be even greater after the halving event.

Even if we say major correction, I think and think that it will not reach 40 000 dollars; that is too deep, and we are still in the current bull. I can understand or even consider that it is
possible if we are in a bear market period, so it's just that we're in bull season, so that's impossible to happen right now.

This is just my opinion, and I'm not saying that I'm sure of what I'm talking about about our talk of breaking or going back to 30k or 40k each of Bitcoin.

It is stated that the market drop of  more than 10% but less than 20% is considered a major correction so Bitcoin will not plummet to $40k even if a major correction happens.  But if a market crash happens then going down to $40k below will likely to happen.  But I think with the current hype around Bitcoin and the piling up of community and traders, not saying more institutional investors is being involved in the market.  It is highly unlikely that Bitcoin price will crash to oblivion.

[AnonBitCoiner]

If he is expecting that bitcoin price would fall so deeply, I think that’s quite impossible already as $60k might be its deepest price before bitcoin halving will hit the market. Although this remains a speculation but for now, it seems the price of bitcoin would not fall below $60k anymore. Otherwise, people would be in panic selling again most especially those who have bought bitcoin within these past few weeks when bitcoin has crossed the last ATH.

In cryptocurrency market nothin can be impossible because you may have seen that how quickly the price changes from higher to lower and from lower to higher. May be if Conditions remains positive as halving is near so we will not see more dip than 60k$ but it is the reality that price can go down and recover back again easily and quickly.

We should avoid our emotions here because it's normal but it is important to continue your holding without any worries about future because halving will bring unexpected higher worth. I think those does not have any good idea or have no trust on bitcoin who sells their bitcoin now at the price of 64k$ because everyone is confidential with the naked truth that price will enhance after halving.

[Iranus]

If he is expecting that bitcoin price would fall so deeply, I think that’s quite impossible already as $60k might be its deepest price before bitcoin halving will hit the market. Although this remains a speculation but for now, it seems the price of bitcoin would not fall below $60k anymore. Otherwise, people would be in panic selling again most especially those who have bought bitcoin within these past few weeks when bitcoin has crossed the last ATH.

In cryptocurrency market nothin can be impossible because you may have seen that how quickly the price changes from higher to lower and from lower to higher. May be if Conditions remains positive as halving is near so we will not see more dip than 60k$ but it is the reality that price can go down and recover back again easily and quickly.

We should avoid our emotions here because it's normal but it is important to continue your holding without any worries about future because halving will bring unexpected higher worth. I think those does not have any good idea or have no trust on bitcoin who sells their bitcoin now at the price of 64k$ because everyone is confidential with the naked truth that price will enhance after halving.

It's true that anything can happen and we cannot predict the future. But if you look at current market conditions, we are entering a bullish cycle, not preparing for a market winter. So, there's nothing wrong with people saying that a bitcoin drop to $40k is unlikely or will never happen. I support this view, bitcoin will have corrections but a drop below $50k is unlikely to happen again, those who are waiting for a bigger drop to buy will definitely regret it.

[Mpamaegbu]

It looks like OP missed the bus and wishes there's a nearby stop for them to get in, figuratively saying. Anyone desiring that Bitcoin could dip to the $30k region will have to wait till after this circle. I don't even see $40k happening now when we're just days from halving. The market may see a dip to $50k before and after halving but certainly not $30k. Now we've institutional participation and I don't see how these institutions are going to panic and sell off like what we saw in the past with individuals participation.

[DanWalker]

It looks like OP missed the bus and wishes there's a nearby stop for them to get in, figuratively saying. Anyone desiring that Bitcoin could dip to the $30k region will have to wait till after this circle. I don't even see $40k happening now when we're just days from halving. The market may see a dip to $50k before and after halving but certainly not $30k. Now we've institutional participation and I don't see how these institutions are going to panic and sell off like what we saw in the past with individuals participation.

Agree with your point about the market, bitcoin can correct and maybe go below 60k$ but it will definitely be difficult to drop to 40k$ let alone 30k$. The truth is that those who expected this to happen were mostly those who missed the opportunity to buy bitcoin in 2022 and 2023. They are too subjective and quite greedy people as they always want to buy at the lowest price and sell at the highest price. But they paid the price when they missed out on buying bitcoin at cheap prices. If they continue not buying bitcoin at the current price, I bet they will have to buy bitcoin for $70k or more after the halving.

[Sexylizzy2813]

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

It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.

[QueenSk]

It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.

Given the current market situation, it cannot be denied that Bitcoin will touch $80k, but that's just my opinion, Bitcoin, before the market goes much higher, can go below $60k.
But again, based on the current state of the market, this may turn out to be the opposite.

[tengui]

as I previously thought, the correction that occurred previously was normal and the price of bitcoin would not fall too far, and now the price of bitcoin has recovered and is back above $70k. expecting the price of bitcoin to fall to 30k-40k is too far for me, and maybe you can get bitcoin at that price after the halving or when the bearish come.

[fullhdpixel]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

[rodskee]

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

Seems like your prediction will never come to reality mate because bitcoin looks like
holding a 60k and up value since early 2024 so maybe its enough  for us to believe in its
capacity to stay stronger while we are  getting into halving any time soon.

as I previously thought, the correction that occurred previously was normal and the price of bitcoin would not fall too far, and now the price of bitcoin has recovered and is back above $70k. expecting the price of bitcoin to fall to 30k-40k is too far for me, and maybe you can get bitcoin at that price after the halving or when the bearish come.

correct in this one, we are far from happening or dropping to that low mate.

[Sexylizzy2813]

It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.

Given the current market situation, it cannot be denied that Bitcoin will touch $80k, but that's just my opinion, Bitcoin, before the market goes much higher, can go below $60k.
But again, based on the current state of the market, this may turn out to be the opposite.

That's true, the fall of Bitcoin price can turn out to be a higher race to something higher than $73k but what I'm saying is that the current state of the market price can be very discouraging but it only takes those who have witness such fall of the price to stay calm and let things to come back to how it was. At this point many are waiting for the market price to switch up back to that positive movement, who knows we might see another shocking price, something like $95k.

[bitzizzix]

I assume the price of Bitcoin will not fall to 40K let alone 30K, and Bitcoin's pullback is very strong at the current price of 60K and has not gone beyond that price. And so far the correction that has occurred is a healthy correction and there has not been a significant decline, even if it happens I don't think the price of Bitcoin will reach 40K.

And if Bitcoin's price decline exceeds 60K, it likely won't last long, nor will it hit 50K and then go back to 60K, 70K, then 80K in the near future and so on. And I think the current Bitcoin consolidation phase is only temporary and is also an opportunity to accumulate more Bitcoin, because it is a good discount to buy more Bitcoin and hold it for a long time or long term. And I estimate that Bitcoin price could reach 130K-150K in 2025.

[QueenSk]

I assume the price of Bitcoin will not fall to 40K let alone 30K, and Bitcoin's pullback is very strong at the current price of 60K and has not gone beyond that price. And so far the correction that has occurred is a healthy correction and there has not been a significant decline, even if it happens I don't think the price of Bitcoin will reach 40K.

And if Bitcoin's price decline exceeds 60K, it likely won't last long, nor will it hit 50K and then go back to 60K, 70K, then 80K in the near future and so on. And I think the current Bitcoin consolidation phase is only temporary and is also an opportunity to accumulate more Bitcoin, because it is a good discount to buy more Bitcoin and hold it for a long time or long term. And I estimate that Bitcoin price could reach 130K-150K in 2025.

As everyone is very optimistic about Bitcoin, it is said that you have to hope for the best, so only time will tell where Bitcoin is headed.

[freedomgo]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

With how the market is behaving right now, I can sense that there is small chance to experience that again.  Everything is possible with bitcoin, because of its highly volatility so we should not be surprised if ever that scenario comes again. However, if bitcoin price will go up consistently even after halving, then I might say that we won’t see bitcoin price dropping again into $40k or $30k.

[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

Nowadays the days of yesteryear must be forgotten, as the price of Bitcoin has set new records at the peak of others, it will surely become more massive and ready to set new records. So if you try thousands the chances of bitcoin and 30k to 40k will be very low. Since the bull market of 2025 is so close, I don't think it is possible for Bitcoin price to go lower now. For a long time the price of Bitcoin between 60k and 70k dollars was enough time to invest. Be sure to keep the bitcoin price up and succeed.

[2Pizza410000BTC]

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

Currently depending on the movement of Bitcoin, I can say that Bitcoin cannot return to $30,000 to $40,000 before forming a new rally. A lot of people may have predicted that Bitcoin will dump a lot before the halving and get to between $30,000 and $40,000, but I don't want to be with them because the halving is just a few days away and may never get to this position. But I can estimate that Bitcoin will reach $100,000 by 2024.

[Republikcoin.com]

Nowadays the days of yesteryear must be forgotten, as the price of Bitcoin has set new records at the peak of others, it will surely become more massive and ready to set new records. So if you try thousands the chances of bitcoin and 30k to 40k will be very low. Since the bull market of 2025 is so close, I don't think it is possible for Bitcoin price to go lower now. For a long time the price of Bitcoin between 60k and 70k dollars was enough time to invest. Be sure to keep the bitcoin price up and succeed.

What can keep Bitcoin prices high are Bitcoin holders in large numbers and not just limited to one person, mate. Because the whales, who can still shake the market when selling something, can also hold a little control in terms of maintaining the price, even though the purchasing power continues to increase in Bitcoin, they can also immediately maintain price stability at the current range in the longer term. Because between those who sell and those who buy, there must always be a balance so that the current price level can always be maintained for a long time.

[Sebas.tian]

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.

If that is your prediction towards the upcoming bearish season, I think the price of Bitcoin will decrease below $40,000 when bearish season appear, because we saw what happened last two years when the price of Bitcoin decreased to $18,000 to surprised investors that thought the price will not decrease below $30,000. Well,  the bullish season is going gradually from the market and you can see that the price has decreased from $73,000 to $67,000 and very soon bearish market will take over the market for we to see if the price of Bitcoin Will not go below $50,000 before it will increase higher to enter bullish season. If you look at the highest price Bitcoin has reached in this season, show that the price will hit $100,000 in the next bullish season but I don't think it will happen this year because the price has started decreasing few days ago.

[Essential10]

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

Currently depending on the movement of Bitcoin, I can say that Bitcoin cannot return to $30,000 to $40,000 before forming a new rally. A lot of people may have predicted that Bitcoin will dump a lot before the halving and get to between $30,000 and $40,000, but I don't want to be with them because the halving is just a few days away and may never get to this position. But I can estimate that Bitcoin will reach $100,000 by 2024.

Yes I think you are quite right, Bitcoin showed a big price increase before the Bitcoin halving so it is hard to predict at this time that Bitcoin will come back to $30k to $40k form a new rally. But I think it would have been possible if the price of Bitcoin had been below $50k before the halving. Currently we are only a few days away from the bitcoin halving so I think the price of bitcoin will drop but I don't think it will drop that much. But it is true that the way Bitcoin price is going right now, we will see Bitcoin price in 6 digits very soon.

[Nrcewker]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

[YOSHIE]

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

If that is what is being asked, maybe I have explained it in another topic, which asks the same thing, of course if we look at past experience and speculation that has been predicted by Bitcoin halving which has passed Bitcoin's lowest price of $40k, However, this year's halving is the umpteenth time, meaning that from speculation that Bitcoin has reached its highest peak, it is estimated that it will fall around $57k in the next calculation.

But whatever is in our minds, of course in terms of speculation and predictions that is best for ourselves, other users can only make comparisons between their own speculation and others, OP whatever happens to Bitcoin in the future is the best, meaning that in the future you must have what you dream of now, of course Bitcoin in your wallet, so that you become a good Bitcoin user for yourself, after the lowest price is reached.

[South Park]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

At this point the chances of the price reaching that range are not very high, I would suppose the best timing for this to occur was after the last ATH, as the bears could have used that moment to scare away the weak hands with a strong correction which snowballed and became a crash, but the correction was very mild, showing the strength of the bulls is massive, and that most likely after the halving we will see a positive trend instead of a negative one.

[Yatsan]

If it is possibility in general then its price could dump that low especially if nig investors will choose to manipulate the price or to trigger the dump, or if anything could happen perhaps an event that woud push investors to sell and prioritize their daily needs such as with the pandemic has started. However, there is also this tendency that it could just play around its market price at the present until the halving occur. Bottomline is always without certainty when it comes to Bitcoin and other crypto's market price movement unless it actually happen.

If here's because you're worried then choose to hold no matter what if you can. But if in doubt then the option of selling early and wating for a lower market price would as well be valid. Just keep in mind that a sudden pump could also take pace which could leave you at the bottom. Make a decision that won't give you any regret and frustration. Do your DCA and make the right action for your own holding's sake.

[ajiz138]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

At this point the chances of the price reaching that range are not very high, I would suppose the best timing for this to occur was after the last ATH, as the bears could have used that moment to scare away the weak hands with a strong correction which snowballed and became a crash, but the correction was very mild, showing the strength of the bulls is massive, and that most likely after the halving we will see a positive trend instead of a negative one.

It is already in the bullish period so the positive trend will be more people will not care about the negative trend even it will not last long then the halving is the moment where the price can ATH again with its record high, not without reason because the market is now in the right cycle for bitcoin.
The market will be a big crash that may start from 2026 because the bullishness has started to subside, but we never know how long this bullishness will last but 2024/5 is the moment where the bitcoin price is high.

[_BlackStar]

-snip-

As everyone is very optimistic about Bitcoin, it is said that you have to hope for the best, so only time will tell where Bitcoin is headed.

Of course - you can hope, but don't get your hopes up. You should be aware that anything as uncontrollable as the crypto market can change at any time - this is a risk that continues to lurk for anyone who owns an asset. Investment asset prices will not always rise according to what we expect - so always be wise in risk management instead of just being optimistic about the future.

We can all take advantage of short-term and long-term volatility to gain returns - but the most important thing to always consider is risk. There is always a risk - so never put all your eggs in one basket. That good financial advice is always mentioned - I understand it as the reason why I don't just own one investment asset.

[Sanitough]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

Well, the current price movement of bitcoin is quite impressive these days as it already touches $72k and then drop again, but targeting $40k-$30k, I guess that's already hard to expect seeing bitcoin within that price range. Although bitcoin can still go beyond our expectations, and we have no control of it really, but if we based its current movement, it's supposed to move upward than moving backward instead.

[wiss19]

With how the market is behaving right now, I can sense that there is small chance to experience that again.  Everything is possible with bitcoin, because of its highly volatility so we should not be surprised if ever that scenario comes again. However, if bitcoin price will go up consistently even after halving, then I might say that we won’t see bitcoin price dropping again into $40k or $30k.

Keeping possibilities aside, we can see that the halving event is just around the corner and Bitcoin is still above $65k which is great because we want to have a price as high as possible by the time the second phase of the bull run begins which will make the new all-time high higher than we might be expecting. Currently, I'm optimistic that the price might dip a little bit before the halving, but it wouldn't be significant enough to make it go as low as $40k, hopefully.

Talking about possibilities, even if it does manage to go that low, I and I'm sure every other investor would consider that to be a bonus opportunity to buy more Bitcoin at a lower price before the bull run because we know the price will go up even if it goes to $40k for once from here.

[Maslate]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

To be honest, no one exactly holds what will be the future price of bitcoin. For me, it’s still possible for bitcoin to fall below $50k if the current price consistently drops. Regardless the fact that bitcoin halving gets nearer, no one can stop bitcoin from dropping drastically if that’s how the current trend is. Probably, bitcoin might follow a new route within this year’s bitcoin halving journey, and history might not repeat itself anymore. So let’s wait and see. If bitcoin price never goes up again until halving, most likely its target price will only stop at $65k above or might drop more if the price correction never stops.

[Franctoshi]

There is this hidden reversal pattern that Bitcoin is forming on the daily time frame, And when this is formed in the major area of resistance, it 70% of the time causes a reversal in the price of an asset, and if this plays out, this will see Bitcoin go retest $64k, a support zone of the wedge pattern that saw the price out yesterday and failure to hold that support, we will see a continuous melting down of the price of Bitcoin down to $60k-$58k, Where I see a major area of support for buyers to step in and to try to push the price back up; however, we don't know what pre-halving and post-Halving entails.

[Yaunfitda]

There is this hidden reversal pattern that Bitcoin is forming on the daily time frame, And when this is formed in the major area of resistance, it 70% of the time causes a reversal in the price of an asset, and if this plays out, this will see Bitcoin go retest $64k, a support zone of the wedge pattern that saw the price out yesterday and failure to hold that support, we will see a continuous melting down of the price of Bitcoin down to $60k-$58k, Where I see a major area of support for buyers to step in and to try to push the price back up; however, we don't know what pre-halving and post-Halving entails.

On the contrary, I haven't seen any reversal, the price is going up again and hitting around $70k as we speak. So there is still this buying pattern, and as we close the block halving, it's very easy to say that there is panic buying that is going to happen before the actual halving date. Let's see how it goes, we should be excited that we will be in another bull run or block halving. And for those who are in their first time to see this happen, I would recommend to stay late and observe what is going to happen in this activity. So for now let's just look at the fundamentals and not make it overcomplicated for some of us with technicals, just saying.

[fuguebtc]

There is this hidden reversal pattern that Bitcoin is forming on the daily time frame, And when this is formed in the major area of resistance, it 70% of the time causes a reversal in the price of an asset, and if this plays out, this will see Bitcoin go retest $64k, a support zone of the wedge pattern that saw the price out yesterday and failure to hold that support, we will see a continuous melting down of the price of Bitcoin down to $60k-$58k, Where I see a major area of support for buyers to step in and to try to push the price back up; however, we don't know what pre-halving and post-Halving entails.

What are your predictions based on? Can you provide a chart and indicator where you think we have a hidden reversal pattern and the possibility of bitcoin dropping to the $60k area?

Personally, I'm not good at technical analysis but I see things as supporting a short-term uptrend and the odds of us hitting a new ATH are higher than the odds of us falling back to support like you said.

Regarding bitcoin correcting after halving, I will support you because nothing goes up forever. But I believe that Bitcoin will continue to make new ATHs and will only correct after the halving, and it will also be a significant correction in preparation for entering the biggest growth wave of this cycle.

[jaberwock]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

To be honest, no one exactly holds what will be the future price of bitcoin. For me, it’s still possible for bitcoin to fall below $50k if the current price consistently drops. Regardless the fact that bitcoin halving gets nearer, no one can stop bitcoin from dropping drastically if that’s how the current trend is. Probably, bitcoin might follow a new route within this year’s bitcoin halving journey, and history might not repeat itself anymore. So let’s wait and see. If bitcoin price never goes up again until halving, most likely its target price will only stop at $65k above or might drop more if the price correction never stops.

That's a general understanding anyone who knows the market would have. There is no doubt that the future is unpredictable, but based on what we see or have seen in the past, we can speculate, and based on what we have seen during past halving events, the price usually doesn't go down after it but there are always chances for that to happen before the halving because we have witnessed that before where the price used to drop significantly before the halving and then recovered after it.

Since we have seen irregular price movements this time around, things might be different but the possibility of the history repeating itself is higher. Regardless, we should be mentally and strategically prepared for what might happen after the halving event.

[vs2014]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

[Distinctin]

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

With the current price correction, I guess I’m now more convinced that bitcoin might totally touch $50k again but certainly not lower than that. And I think that won’t be a problem since we all know it will eventually recover again right after a price drop. But for those who’ll be able to take advantage with the current price drop, I believe they will gain higher potentials for profits when bitcoin price starts to surge high and skyrocket again.

[QueenSk]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

You were right that Bitcoin will correct further. Given the current state of the market, I still think Bitcoin can go lower than this point. A lot of altcoins which are very high went up as Bitcoin went up. Bitcoin hasn't gone down that much yet but with a little correction the altcoins have gone down a lot.

What do you think? Is this a good time to invest or should we wait more considering the market conditions?

[EarnOnVictor]

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?

Judging by the time you made this post, you had a very good concern that later happened, though not entirely as expected. Bitcoin moved so well to hit below $60,000 but I am not sure if it will ever reach $30k-$40k anymore, at least for now. Well, this behaviour is not what any right-thinking person would not have expected and I've iterated on it many times on the forum that Bitcoin might behave in a way that will surprise people. The coin is in the bearish trend in a short-term scope and might remain there unless it has the power to rebound strongly to breach the current ATH at $73,850. The issue Bitcoin is facing is that it moved higher before its real-time, so people are now cautious because it has already moved too high and has created a new ATH, a level from which it starts falling in March.

I doubt if there are people still willing to commit their huge money to Bitcoin at this level, but time will tell on this. However, on the selling side, it can't be worse for it to breach $45,000 in my opinion, though the bearish impact is still being felt. Nevertheless, I can see some sideways movement on the larger scope, and one may want to make their money with this pattern. Lastly, a bullish candlestick is spotted today even as the 4-hour chart is positive with its price action. These might make it move higher for a while, particularly this time that the market continues to find comfort above the 1D Fibo level of 38.2% at $60,340.

[QueenSk]

Judging by the time you made this post, you had a very good concern that later happened, though not entirely as expected. Bitcoin moved so well to hit below $60,000 but I am not sure if it will ever reach $30k-$40k anymore, at least for now. Well, this behaviour is not what any right-thinking person would not have expected and I've iterated on it many times on the forum that Bitcoin might behave in a way that will surprise people. The coin is in the bearish trend in a short-term scope and might remain there unless it has the power to rebound strongly to breach the current ATH at $73,850. The issue Bitcoin is facing is that it moved higher before its real-time, so people are now cautious because it has already moved too high and has created a new ATH, a level from which it starts falling in March.

I doubt if there are people still willing to commit their huge money to Bitcoin at this level, but time will tell on this. However, on the selling side, it can't be worse for it to breach $45,000 in my opinion, though the bearish impact is still being felt. Nevertheless, I can see some sideways movement on the larger scope, and one may want to make their money with this pattern. Lastly, a bullish candlestick is spotted today even as the 4-hour chart is positive with its price action. These might make it move higher for a while, particularly this time that the market continues to find comfort above the 1D Fibo level of 38.2% at $60,340.

I don't think anyone can say for sure whether Bitcoin will go down or not, everyone including me can only speculate.
When I posted this I thought that Bitcoin might go down because the halving still had to happen and Bitcoin had already gone up so much before the halving so I felt like Bitcoin from here on out would do a little correction then I posted this to get everyone's opinion at that time almost everyone was commenting to me that it is not possible.

I said then that this is the crypto market, anything is possible here, we should prepare ourselves for every situation and invest accordingly. Every time it gives us new surprises, we may see more surprising situations, so we should keep our minds ready for it all.

[AnonBitCoiner]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

Nobody can tell you the exact value that what will be it and how lower it will go but as halving has taken place so there are hopes for good gain and price will not be reduced as much as 40k$ but it is not guaranteed as the market can change anytime.

The market is not showing greater effects and greater changes because Bitcoin is still 63k$ and does not show a huge pump or huge dump after halving. We will follow the market price and will accumulate more during the lower price and will sell when the price goes higher but it will be easy if you make a target for taking the forward step.

[Kelward]

We saw a new ATH before halving, then price began to dip, and the OP created this thread asking about price speculations before the halving, whether, it'll dip between $30k to $40k, anyways halving has happened and price is still hovering around $60k to $65k, it's approximately $63k now. I think that within this range that price is now will be it's correction before it'll starts to be bullish, because it has been around this range for quite a long time without any further significantly dip. But this is the crypto space, anything can happen and we can see a significant dump or pump on the short term.

[Republikcoin.com]

You were right that Bitcoin will correct further. Given the current state of the market, I still think Bitcoin can go lower than this point. A lot of altcoins which are very high went up as Bitcoin went up. Bitcoin hasn't gone down that much yet but with a little correction the altcoins have gone down a lot.

Bitcoin can indeed have more of an effect on increasing altcoins in the market and this has happened very often when Bitcoin has experienced an increase in price in the market. I wasn't that surprised when I saw altcoins that had experienced more price declines in the market when Bitcoin started to be corrected in quite a small amount because I always differentiate between Bitcoin price movements and altcoin price movements in the market even though the increases often occurred simultaneously.

What do you think? Is this a good time to invest or should we wait more considering the market conditions?

If you want to invest in Bitcoin and not invest in altcoins, it's a good idea for you to do it now without having to wait any longer to do that. But you also have to determine the time because Bitcoin is always more suitable for long-term investments, not for short-term investments like those made by people who buy altcoins. However, if you only want to trade with altcoins in the market for short-term profit targets, it wouldn't be wrong for you to wait for the next price drop even though I myself don't know when the next price drop will happen again for altcoins.

[Gaza13]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

It's true what you say, it's unlikely we'll see that price. Especially after the halving phase has arrived, if you believe in this asset, don't think too much about the price now, look to the future. Maybe the step we should take is to continue accumulating gradually even if there is a slight correction or the price decline is not too significant. It's true what you say, the current moment is still good enough to accumulate. There is no quick investment to get the desired profit, you have to be a little patient to see that the increase will definitely occur in the future.

[Marvell1]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

You were right that Bitcoin will correct further. Given the current state of the market, I still think Bitcoin can go lower than this point. A lot of altcoins which are very high went up as Bitcoin went up. Bitcoin hasn't gone down that much yet but with a little correction the altcoins have gone down a lot.

What do you think? Is this a good time to invest or should we wait more considering the market conditions?

From what you said, I guess you haven't bought any bitcoin since March and are still waiting for bitcoin to drop more. But I want to ask you, will you definitely buy if bitcoin drops to $40k in the near future? Or will you continue to think that bitcoin will fall even more when bitcoin drops to $40k and will you only buy if bitcoin drops to $20k? This is not new to those who like to bargain with the market and those who always say they wait for bitcoin to correct before buying, most of those people will never buy bitcoin. They will never buy bitcoin when it corrects, but when bitcoin bounces and goes higher, they will definitely rush in to buy at high prices without thinking.

[JeffBrad12]

We saw a new ATH before halving, then price began to dip, and the OP created this thread asking about price speculations before the halving, whether, it'll dip between $30k to $40k, anyways halving has happened and price is still hovering around $60k to $65k, it's approximately $63k now. I think that within this range that price is now will be it's correction before it'll starts to be bullish, because it has been around this range for quite a long time without any further significantly dip. But this is the crypto space, anything can happen and we can see a significant dump or pump on the short term.

i'm have quite differing opinion with this the price of bitcoin at around $60k is already at the bottom for this bullrun, because we already retesting all the support zone around $60k and its still going strong with the current price despite just moving around this price point but we are probably already in accumulation zone, the next bullrun might not even need a slight correction to occur before continuing the bullrun all the way to the top $100k.
just see in probablly a month the price will be retesting the $70k resistance and noce we breakthrough then we gonna see biggest bullish ever according to the previous past historical data of bitcoin it usually whats gonna be happening.
for those that are in doubt whether the price of bitcoin gonna be dumping right now probably need to look at the chart again and see that we are just on our way on the biggest bullrun ever.

[doomloop]

I don't think you'll see bitcoin hit $40k or $30k anytime soon, but you'll see some more dumping. We know bitcoin always corrects the price after a massive pump but this time it took a different form. Moreover many altcoins are now trying to pump the price of bitcoin using the opportunity to increase. But this time will be best for those who want to invest short time. So if you plan long time holding then you should wait for some more time.

You were right that Bitcoin will correct further. Given the current state of the market, I still think Bitcoin can go lower than this point. A lot of altcoins which are very high went up as Bitcoin went up. Bitcoin hasn't gone down that much yet but with a little correction the altcoins have gone down a lot.

What do you think? Is this a good time to invest or should we wait more considering the market conditions?

It can be said that this is a good time for investment because the market is in a stable condition at the moment. This is a good opportunity to accumulate Bitcoin and other trusted altcoins before the halving effects start to show on the market, but it cannot be ignored that nobody's prediction can be 100 percent correct in the cryptocurrency market.

Therefore, the best thing is that every investor buys according to his investment and for how long he can store and wait, only an investor can know, taking advice from others is a good thing, but investment should be done according to your savings and personal mindset so that they can take complete responsibility of their decisions later on.

[Asuspawer09]

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

Probably I was expecting at that range if the resistance break because the market price just skyrocketed in the past month and there was only few corrections that actually happened so there might be an even better deep in the coming year, we just don't know but I think it is possible even deep unto 20k$- 30k$, but probably might hold up on 40k$ since we did get a lot of money into Bitcoin when the Bitcoin ETF launches, it really trigger the market so probably it is going to hold up until the Bullrun but surely it wasn't a guaranteed thing. I mean if we are going to followed the Bitcoin Halving timeline it would still need a year before the Bullrun appear, waiting for the Bitcoin halving to take effect, so in that year a lot of things that could happened even things that we never actually experience before, probably Bitcoin could start to skyrocket early or actually drop to a very low market price, there were just too many factors that is affecting the market price so what we just need to do is hold our investment until Bullrun. As long as you have multiple sources of your income there might be no problem holding since that is what I'm doing, I have a full time job and side hustle so far, I accumulated Bitcoin and still holding it, huge percentage for sure was bitcoin.

[Aanuoluwatofunmi]

I doubt if we can have anything down the trend of the likes of $40,000 or below at this post halving experience with crypto markets, we should be moving towards achieving new all time high aside the previous one marked already, maybe this may could offer us something more different from what we have already been having, this is also a continuation of the bullrun in which we await to see more of new all time highs anytime from now.

[leonair]

I don't think so Bitcoin will go back 40k to 30k I will say that Bitcoin will remain is market upto 50k to 70k in this after period of Bitcoin Halving nor we going to see the price is going to ove 80k neither we are going to see the Bitcoin price down to 30k to 40k price. Currently Bitcoin is making is market correction I think there is a no chance in this year go above 80k.

[Lanatsa]

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 one really knows and this is something that all of us would really be having that question in mind on which we cant really be able to determine on where prices would be ended or looks like on the next couple of days,weeks,months or years on which we know that this market is really that highly unpredictable and this is why tons of people keeps on throwing out their number speculations on which we cant blame them of with. Now that we are seeing that Bitcoins price is starting to recover then we can definitely be able to say that the current price dip or correction could really be the bottom but of course we arent that still
that too far off with the halving event on which there's still soo much time for things to happen on which we cant really be able to predict it.

On the time that you do see those price pullbacks or corrections, then instead on freaking out then it would be better that you should really be to encounter such condition then
taking up some advantage via DCA as we do all know and aware.

[armanda90]

Currently bitcoin price got many correction but price keep stable above $60k in this week, I think little difficult for dropping around $40k to $30k or get drop almost 50% for bitcoin with currently price. Halving have been over and many investor although not really excited for holding their bitcoin before halving time I think bitcoin will not drop drastically, usually bitcoin has good moment one or two months later after halving will get recovery to higher price.
I doubt with this possibility bitcoin will drop around 40% to 50% based on OP speculation, bitcoin holder still strong indeed get many bad news every day and many investor try to buy back during good moment after bitcoin get down few percent. Optimist with bitcoin will bounce again to higher price and reach back to $70k or possibility make new ATH in near future.

[Falconer]

Currently bitcoin price got many correction but price keep stable above $60k in this week, I think little difficult for dropping around $40k to $30k or get drop almost 50% for bitcoin with currently price. Halving have been over and many investor although not really excited for holding their bitcoin before halving time I think bitcoin will not drop drastically, usually bitcoin has good moment one or two months later after halving will get recovery to higher price.
I doubt with this possibility bitcoin will drop around 40% to 50% based on OP speculation, bitcoin holder still strong indeed get many bad news every day and many investor try to buy back during good moment after bitcoin get down few percent. Optimist with bitcoin will bounce again to higher price and reach back to $70k or possibility make new ATH in near future.

Bitcoin lost more than 10% of its price in the last 30 days, while in the last 7 days it lost more than 8% of its value. This indicates a higher sell-off where the price corrected, but of course I would consider it just short-term volatility.

I don't think bitcoin prices will drop as low as $40k again this year. Prices tend to be expected to rise higher as demand increases, but small corrections are always possible and will certainly be very difficult to avoid. Even if bitcoin were to test a lower support level, then there should be a good reason why that would happen. I don't see any good reason at the moment to predict the price dropping to $40k or lower, it's possible but very hard to imagine.

[uneng]

I don't think bitcoin prices will drop as low as $40k again this year. Prices tend to be expected to rise higher as demand increases, but small corrections are always possible and will certainly be very difficult to avoid. Even if bitcoin were to test a lower support level, then there should be a good reason why that would happen. I don't see any good reason at the moment to predict the price dropping to $40k or lower, it's possible but very hard to imagine.

Probably Bitcoin isn't going to head to 40,000$ before the next big rally. The news today are pretty good for Bitcoin, what influenced its price to go back to 59,000$, almost reaching 60,000$ once again. MicroStrategy has announced another recent investment batch in Bitcoin, having acquired 25,250BTC in the first trimester of 2024.

Moreover, BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs. It means there is more money coming into BTC market soon, what can push the price to a new ATH, added to the fact it will be also useful to increase the optimism among other investors.

There are other stories of whales acquiring more coins these days as well: ‘Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?

As we have been saying a lot lately, it was just a matter of time until those whales took advantage of the recent crashes in Bitcoin market to accumulate more coins for a cheap price, before the final big rally begun. Investors shouldn't do anything besides holding and waiting for the right time, although I believe some of them didn't resist and ended selling their holdings for fear of a deeper crash in crypto market.

[Russlenat]

Currently bitcoin price got many correction but price keep stable above $60k in this week, I think little difficult for dropping around $40k to $30k or get drop almost 50% for bitcoin with currently price. Halving have been over and many investor although not really excited for holding their bitcoin before halving time I think bitcoin will not drop drastically, usually bitcoin has good moment one or two months later after halving will get recovery to higher price.
I doubt with this possibility bitcoin will drop around 40% to 50% based on OP speculation, bitcoin holder still strong indeed get many bad news every day and many investor try to buy back during good moment after bitcoin get down few percent. Optimist with bitcoin will bounce again to higher price and reach back to $70k or possibility make new ATH in near future.

I have also this feeling that bitcoin will not reach again the range of $40k or  below. Although the price correction won’t stop here, but most likely it will be at $50k range and then rise up again to $60k until it slowly move upward and touch $70k again. This is not new anymore especially that we are now at post halving, price may drop drastically but eventually it will recover afterwards. As long as we don’t end up with panic selling, then we aren’t still at loss. Patience will be highly tested these days so let’s be tough and strong during these days.

[2Pizza410000BTC]

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

Yes we have seen, bitcoin market corrected but upto 74 thousand dollar maximum. When the market reached $74,000, we knew very well that the Bitcoin market would reach $80,000 before the Bitcoin halving, but instead, the market began to decline. Currently the market is close to 50 thousand dollars.  However, many are predicting that the Bitcoin market may fall below 40,000. However, given the volatility of the Bitcoin market, it is not possible to make a good prediction at the moment, but I still predict that the Bitcoin market may not fall below $50,000. It is also estimated that the Bitcoin market will grow by 2024 and reach a peak and all-time high price of $100,000. But currently the market is in a position to invest, those who have not invested can invest because they may not get such an opportunity.

[X-ray]

I have also this feeling that bitcoin will not reach again the range of $40k or  below. Although the price correction won’t stop here, but most likely it will be at $50k range and then rise up again to $60k until it slowly move upward and touch $70k again. This is not new anymore especially that we are now at post halving, price may drop drastically but eventually it will recover afterwards. As long as we don’t end up with panic selling, then we aren’t still at loss. Patience will be highly tested these days so let’s be tough and strong during these days.

I will be more surprised if bitcoin go below $40k again, considering hongkong ETF, now australia ETF, i don't think its not gonna go down that much. otherwise it will be disaster, also due to easiness of investing these days many investors easily buy bitcoin whenever it dips like recently it dipped to below $60k, now it is recovering back to $60k, the market is strong even with all the whales dumping other people gonna buy it.
bitcoin is the trend, after the news of hongkong ETF other country will also approve the ETF its matter of until other country start following then entire world wide will just follow the path because some countries are too afraid to have new things
even more apparent when its investment where people are putitng money on these, but be assured that bitcoin will eventually get massive acceptance across the world.
that day even seeing bitcoin sub $100k might be impossible.
even right now there are many altcoins trying to get approval of ETF as well, crypto market will have huge market cap by then.

[QueenSk]

From what you said, I guess you haven't bought any bitcoin since March and are still waiting for bitcoin to drop more. But I want to ask you, will you definitely buy if bitcoin drops to $40k in the near future? Or will you continue to think that bitcoin will fall even more when bitcoin drops to $40k and will you only buy if bitcoin drops to $20k? This is not new to those who like to bargain with the market and those who always say they wait for bitcoin to correct before buying, most of those people will never buy bitcoin. They will never buy bitcoin when it corrects, but when bitcoin bounces and goes higher, they will definitely rush in to buy at high prices without thinking.

Thank you very much for your valuable reply. For your information, let me tell you that I bought Bitcoin at the time when Bitcoin was at $16,000 and of course,  the bitcoin bought at that time haven't been sold yet because for me, Bitcoin is not a daily profit and loss asset, but for me, Bitcoin is a future investment that I would like to hold for another four to five years.

However it is very important to know that BTC will go down further or up from here, so I always like to get opinion from senior people like you that's why I ask and the more one asks the more one learns there is nothing wrong with that, in my opinion.

[Riginac111]

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

most of the person that make a prediction for the price of Bitcoin they are just speculating they are just guessing because if they are not guessing I think they would have invested much in Bitcoin knowing that time they will make a mega profit for cryptocurrency investment mostly Bitcoin so that is why we need to understand the procedures of Bitcoin, so I don't know for others who make their own prediction of Bitcoin

[Bravut]

No, I don't see Bitcoin dip to $40K - $30K range before any price rally, currently price might  pump a little before dropping to $50k. Then I can anticipate a pump though we can't really predict for now, we just accumulate more and allow the market do it thing. But price will not dip to that range OP.

[Kemarit]

No, I don't see Bitcoin dip to $40K - $30K range before any price rally, currently price might  pump a little before dropping to $50k. Then I can anticipate a pump though we can't really predict for now, we just accumulate more and allow the market do it thing. But price will not dip to that range OP.

Lowest we got is $57,000 if I'm not mistaken. Now the market has bounce back to $63,000-$64,000, and with that, I think that we might be on for something big with this kind of movement specially right after the halving.

But for me, sometimes it's good to see that even in a bull run, price will have to go down and then as traders, it's up to us whether we get nervous push the panic button or decided to be a diamond hand, just continue to buy and accumulate and HODL, it's our choice.

[dunfida]

No, I don't see Bitcoin dip to $40K - $30K range before any price rally, currently price might  pump a little before dropping to $50k. Then I can anticipate a pump though we can't really predict for now, we just accumulate more and allow the market do it thing. But price will not dip to that range OP.

Lowest we got is $57,000 if I'm not mistaken. Now the market has bounce back to $63,000-$64,000, and with that, I think that we might be on for something big with this kind of movement specially right after the halving.

But for me, sometimes it's good to see that even in a bull run, price will have to go down and then as traders, it's up to us whether we get nervous push the panic button or decided to be a diamond hand, just continue to buy and accumulate and HODL, it's our choice.

Really hard to tell whether that $57k is already the bottom before we would really be shooting up on price on which we know that it is really that hard to predict as always on what price would really be at the bottom or not.
MArket sentiments and history would really be something that would really be checked every now and then on which we would really be tending to make out some comparison on which its a common approach that we do have.People who had been saying about those 30-40k ranges are the ones who had been hopeful that they would be able to enter with those dips or price entry. Those arent that just an empty guess but rather its been an analysis that they had been able to drawn out when using up those technicals but of course we do know that TA's arent that precise.

For those who had been that anticipating that there would be drop then they could really be that right or wrong. We are all speculators on this market after all.
Whether we would be having that bearish or bullish approach then there's no one could be able to hit up the right spot.

[STT]

A return to a lower range is my thinking not in absolute certainty but possibility and fear of this exists in the price right now.   Immediately we have a bullish potential scenario to play out but if that should fail and also we break out the range or rectangle the BTC price action has been in for months then yes the trajectory is downwards for sure.


Here at 60k is your trigger point for a negative conclusion.  Its not like a gun going off but more like a fuse, if we cross 60k and nobody puts out that fuse just by time we will correct downwards.  The reasoning would be multiple on many points but mostly you can conclude over much time we had resolved downwards.  52k is the first Fibonacci level after 60k as a downside target price point.

[Mehedi72]

Many people predicted the same thing. Even Bitcoin broke Previous Ath, gained lots of value before halving and expected to be dump! But it hadn't done so. We have seen a little dump like from New ATH to estimate at $58k max. And then again pump a lot and it made many people wonder who wre expecting Bitcoin to go $35k to $40k position. Actually it could happened if Bitcoin ETFs wasn't get approved. But because of that, it fuel Bitcoin to fly more higher then expected.

[STT]

Could, probably should but I doubt it will at this point with ETF and halvening theres a little too much positive news not to bring in vultures on any drop.  Even if looks bad certain parties will be interested in the lower price which means we never get the 30k that might have occurred otherwise.    A lower price is better for some people, not everyone gains from a higher price so the lower has its uses and if there is too many buyers I suppose we might have seen the lows for 2024 already.

I do think this lower range can occur for sure, certainly as a spike down its perfectly in prospect.   Problem is its too expected and wanted by a few sections of the crowd and so ironically we never get what we want.   I'd label the current weakness which is really only been a bout of sideways drift as an accumulation phase, whenever we do rise you will have to kick yourself for your hesistation and doubts.


As of now the 3 month pullback is broken, its certainly contested and the answer has to be no for OP.   Of course I wont say its iron cast yet

[Oasisman]

Many people predicted the same thing. Even Bitcoin broke Previous Ath, gained lots of value before halving and expected to be dump! But it hadn't done so. We have seen a little dump like from New ATH to estimate at $58k max. And then again pump a lot and it made many people wonder who wre expecting Bitcoin to go $35k to $40k position. Actually it could happened if Bitcoin ETFs wasn't get approved. But because of that, it fuel Bitcoin to fly more higher then expected.

You could say that maybe because right before the ETF got approved bitcoin was struggling to make a run right? If denied bitcoin might've took a dive and that was the assumption of the majority. But, I think bitcoin was just doing fine during that time as we were nearing closer to the halving. If I remember it correctly, bitcoin ETF was approved mid in January? It actually didn't make any significant impact in the market immediately, it even dropped at $39k somewhere around in January, I think that was a week after the ETF approval and then it had start pumping mid in February.
Well, $35k was possible back in January if the ETF was denied, but right now, it looks like bitcoin have already took the price above $60k level and I don't see it coming back down as low as $30k in the next 10 months. Bears may come around 2025 and that would only be the time we could see bitcoin at $30k level again.

[rodskee]

Many people predicted the same thing. Even Bitcoin broke Previous Ath, gained lots of value before halving and expected to be dump! But it hadn't done so. We have seen a little dump like from New ATH to estimate at $58k max. And then again pump a lot and it made many people wonder who wre expecting Bitcoin to go $35k to $40k position. Actually it could happened if Bitcoin ETFs wasn't get approved. But because of that, it fuel Bitcoin to fly more higher then expected.

let those people be filled with losses waiting for something that almost impossible to happen ,
because bitcoin halving had already passed month ago and not we are waiting for the bull to happen
as the dumping have passed along when the first few weeks after halving happens. Am afraid that if
they continue waiting then they will be leave nothing but losses in the coming bull market that we
knew very near to come.