BenCodie
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December 30, 2023, 09:25:14 AM |
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If there is one important thing I have learned it should be about price of bitcoin what I understand very clear about bitcoin price is that it doesn't go the accurate direction according to how we wanted, I don't argue that we won't see or we'll see but what matters is that "bitcoin price is highly speculative" and for that we do not know whether the price will touched $48k or not.. ..Let say today is 14 December 2023 counting down to January we have less than 16 to 17 days before witness new year, So technically we could see the price there if bitcoin could used just less than 20 days to move from 30k to $44k plus then there is every tendency we will touched $50k before 31 December or possibly by first week January.
Anything could happen, we are not certain what's going to happen and we are just riding the day out. Every single morning, I wake up and let the day tell me what kind of day it will be, and usually it is a good one these days and the price goes up, that's a good thing and it should be something that would benefit us all. I understand that we are going to end up with a good profit, and should not be something we could profit from very late, it is going to be sometime soon that we are going to end up with some good profit making. I understand that we are not going to end up with some x100 in bitcoin, that is of course not possible but I do believe that 48k+ is quite easy to achieve, that would not be all that much of a trouble for us. Sooner or later, I know that Bitcoin will hit $48,000+ but not this year again and I suspect that this will be in January next year. The market is still very bullish in the long-term disposition and will continue in that regard as long as FOMO continues to play its course and if there's no bad news strong enough to cause otherwise. Many people have earned their fortunes in the recent bullish trend as the coin moved so strongly upwards with about $20,000 in just 4 months. This is responsible for the recent stoppage to the bullish trend, there must be a correction for the market to take an adequate breath for it to have a stronger tempo to rise higher. Still, the bearish movement was underpinned and Bitcoin has been struggling because of that to ascertain a trend. I'm afraid that this will continue till next year as the market already slipped into a short-term range that might last for at least a week. I will continue to make my money in this regard and stop the believe that it can move significantly higher this year again. It can't even launch higher than $45,000 this year again. Also, I don't think it can slip below $40,000 till January either. We have the crescendo effect in play at present possibly ? Seems like there's a rising trend but also resistance in this area and so range is becoming constricted as we continue. Perhaps resolution in the new year.
imgsnipped
Its wavering back and forth across the weekly average, essentially its in a flat spin though some might say we are positive Iam a bit cautious. Add in the transition from holidays back to full working weeks not long now, just that can be enough to throw off the balance between bids and offers. BTC is already a volatile price movement often, we can easily move down in my conclusion and of course we can still go up further I just side with profit taking being quite possible short term.
why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high. halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars
You can take advantage of price increases and go against the mainstream market moves, find good points of re-accumulation...or you can wait. There are a few things clear at the moment: - Retail investors will have gotten caught in the excitement and have bought in the 35-45k range - Retail investors are probably seeing a lot of altcoins going up, and thus, want to jump into some of these - There will be a Bitcoin correction, and when there is, these altcoins/tokens will fall harder, people will be devastated and their faith will be crushed. Crushed so much, that they probably will not buy the dip. We have to all remember that the retail market and those who are new to Bitcoin from the ETF news and all of the MSM news, have to have their faith tested. That is not just the crypto market, it's every market. We'll see it soon, I think the Jan 1. ETF decision then fly to 48k, wave of excitement, hype, etc. from retail, more buying into smart money orders, will be followed by a nice correction and another buying opportunity. We have to also remember that historically, price movement has not taken significant effect until 3-6 months post-halving. We also have to keep in mind that Mt Gox repayments have actually started and we need to keep in mind the effect of that on the order books.
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CageMabok
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December 30, 2023, 08:37:41 PM |
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why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high. halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars
Every person has a strategy and achievement that will be their initial target when doing something that will make their plan work well enough, so I think it would also be quite logical for someone if they don't want to wait for the price of Bitcoin to be above $50K in the next year even though they already knowing there will be a Bitcoin halving moment next year. That is the importance of distinguishing between long-term investors and short-term investors as well as traders who are always happy to sell when they see a profit. So there is no need to ask why not wait for a certain price level on Bitcoin if someone is selling it to secure the profit he has made through an investment he has run himself.
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virasog
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December 30, 2023, 08:59:46 PM |
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why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high. halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars
Every person has a strategy and achievement that will be their initial target when doing something that will make their plan work well enough, so I think it would also be quite logical for someone if they don't want to wait for the price of Bitcoin to be above $50K in the next year even though they already knowing there will be a Bitcoin halving moment next year. That is the importance of distinguishing between long-term investors and short-term investors as well as traders who are always happy to sell when they see a profit. So there is no need to ask why not wait for a certain price level on Bitcoin if someone is selling it to secure the profit he has made through an investment he has run himself. I agree that every person want to take profit out of thier investment in bitcoin but those who are holding bitcoin for long term should not be tempted to book profits at 48Kish area, even though there is strong resistance there and the bitcoin may reject badly form that level but it is not the 100% scenario, The ETF and the post Halving pump can be enough factors that may keep the bitcoin strongly pass this resistance. Also, we are going to see the all time high in Bitcoin after the halving. so what is the point in selling out bitcoin now when one can sell them in excess of 100,000$ and beyond?
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doomloop
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December 31, 2023, 02:10:21 PM |
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Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.
The human mind can only follow a few indicators. It depends on our ambitions, whether we want to survive or not, but it takes a lot of patient energy to be able to reach 2025, for example. But if you're looking for profit, you'll definitely sell like the title of OP's post, even though he's a professional too. Even so, we have read a lot that in 2024 it is very possible that the price of BTC will rise even higher. So, I think it's best if we have some BTC, maybe Just Hodl and I think that's the right decision. Not all minds are the same (small), but some are big, that they can handle or process more information, or in your case here indicators. Of course all want's to survive. In order to do so, we can't help but to sell when we badly need a money to eat or pay something because it's their due date already, and we gonna get killed too this way if we don't. Even though we are almost at 2024, it's indeed that a year of waiting is still not a joke, as things may not be as smooth as we think. We can't sell if we don't have anything in our bags. So yeah, that first things first is to have some BTC. It'll look inappropriate to just disposed it right away, so we need to HODL it for a while.
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cyberninja2
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January 01, 2024, 08:26:13 AM |
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Those that want to experience $100k will not sell their BTC like the decision you took not to sell now in this bear run because it will not help you to make pretty money from your investment but if you hodl till $2025, you will surely get it right to make big money from your investment.
Not all minds are the same (small), but some are big, that they can handle or process more information, or in your case here indicators. Of course all want's to survive. In order to do so, we can't help but to sell when we badly need a money to eat or pay something because it's their due date already, and we gonna get killed too this way if we don't. Even though we are almost at 2024, it's indeed that a year of waiting is still not a joke, as things may not be as smooth as we think. We can't sell if we don't have anything in our bags. So yeah, that first things first is to have some BTC. It'll look inappropriate to just disposed it right away, so we need to HODL it for a while. Thoughts are different, every time we go through the process will be different when we don't know the information that already exists. The process of survival is through us determining how we will perform so that the results we get will enable us to survive even though the due date when we work is only a few days. Now let's just enjoy it because we have just entered the new year 2024, but of course we still focus on the process we work on at several BTC to maintain appropriateness so that it is easy when we do HODL.
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yohananaomi
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January 06, 2024, 09:14:31 AM |
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why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high. halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars
If they really have the intention, of course you have to wait until the price is better, and I think what you said about the price of $50K is very relevant; it will only be achieved in the next few moments. I agree with you that there will indeed be an era of halving, and of course, after that, the price will be even higher because there is usually a lot of demand. So I think it's wiser to hold on for a little while longer when the price can exceed the last ATH ever made. Of course, it would be a shame to rush because you won't get maximum results.
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EarnOnVictor
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January 06, 2024, 10:16:42 AM |
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why not wait for the price above 50k dollars. the price touched above 50k dollars is very easy. anyways next year there is a halving demand purchases will definitely go up high so the price of BTC will also be lifted very high. halving or post halving bitcoin price is almost 100% sure to rise above 50K dollars
If they really have the intention, of course you have to wait until the price is better, and I think what you said about the price of $50K is very relevant; it will only be achieved in the next few moments. I agree with you that there will indeed be an era of halving, and of course, after that, the price will be even higher because there is usually a lot of demand. So I think it's wiser to hold on for a little while longer when the price can exceed the last ATH ever made. Of course, it would be a shame to rush because you won't get maximum results. I don't see any reason why someone should be in a panic now about Bitcoin investments. If you have had the opportunity to buy your Bitcoin when the price is low, you do not have any reason to worry but to wait happily as you smile to your wallet account. I believe that if we can do it and there is no urgent need for money, the coin may hit $100,000 with ease which means more money for us, so why hurry when we can make way more when it doubles than even $50,000? This is why I do not like to read too much on the internet so that it will not negatively affect my investment decisions. Some would say it will reverse to a certain level, some would say it will reach another level to make certain decisions. But really, your own analysis should be the best guide, damn others, which is why we all need to know how to speculate to ascertain what we are deciding upon. And regardless of where it will be stuck, break, correct/reverse, I will keep holding until it reaches above $100,000. It is only after then that I will be paying attention to the monthly chart to liquidate my position if it eventually confirms a bearish pattern/trend.
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gunhell16
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January 06, 2024, 06:37:05 PM |
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I don't know or am sure if what you want to release is when 48000$ each bitcoin is reached and then there will be a dropping price for liquidation. Do you want to convey to us, OP, that each bitcoin will drop below 35k$ again?
It seems like that's what you want to emphasize and convey in this topic that you made, dude. Is that really your purpose? Because if for me it's not possible to happen at this time, because what I see there is being targeted by whales, it could be 48k up to 50k; that's what I'm seeing and observing too.
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adaseb (OP)
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January 11, 2024, 03:54:43 PM |
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Well.
So far it looks like the fib held. Spiked into it and is heading down. If it closes like this on the daily or weekly this might be the local top. At least for the mid term.
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EarnOnVictor
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January 12, 2024, 02:12:29 AM |
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Your said level was so delayed since last year you had quoted it but was eventually hit yesterday, and not that it was just hit, it was hit in a grand style that is memorable for me. Finally, the ETF approval has made good of it and the market appeared to sell sharply after moving a few pips higher than the level. It actually moved about $49,000 before the sharp fall, so anyone who could have placed their pending order on this level and used a stop loss at the psychology level of $50,000 would have made easy money from the market.
As it is now, Bitcoin is relentless, though it frequently has the challenge of some falling but I believe that it will continue to stabilise especially this time that good news of the ETF has broken. There is nothing stopping Bitcoin from rising and the halving expectation will keep giving it the better grace to rise further in the next few months.
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AnonBitCoiner
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January 12, 2024, 04:21:02 PM |
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If you have profit then no matter on which price you want to sell you can sell. But we should not be worried about this temporarily down price because halving is very near so we will eventually see all the time high price of bitcoin as well as other altcoins. It is easy to sell now as price is higher but I think those will regret who sell all their bitcoin today because price will soon reach to 70k$ so by visualizing such price everyone will regret about their fear and short term wrong decisions.
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dragonvslinux
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Activity: 1722
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January 12, 2024, 04:50:48 PM |
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Only just seen your thread, but yes 0.618 fib retracement hasn't failed calling the top on a dead cat bounce yet. It worked in 2016 and 2019, now to see if 2024 plays out the same way. Personally I didn't sell around $48.5K that was my measurement, but instead $48K, but it's all the same at the end of the day if price is to correct -35-50%. Still can't believe the ETF launched timed in perfectly with the 0.618 to be honest.
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danadc
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January 12, 2024, 11:52:31 PM |
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It is very difficult with technical analysis and with fibonacci, I know that I do not master these things, but sometimes I think they have to be very precise, this matters to me, because the only thing I understand are a couple of indicators, but when The resection of all is done because it is difficult because what I notice may be that each analysis has an instrument or indicator that I did not know about, I know that indicators can be created, and it may be that that is what you need.
What I can say about this is that every time you go in to do a good analysis you have to see all the possibilities to take, and what may or may not happen, that is why it is necessary that when you do any analysis you also take Taking into account what is happening in the world, the risk of wars that greatly influences any market, that is what I see that can be done, an analysis and we can do it taking into account everything that is around us, even the same area where you live.
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CageMabok
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January 13, 2024, 05:44:30 PM |
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Indeed, there is no harm in selling at any price and the most important thing is that we have made a profit when selling it, but if we are able to hold out until the halving occurs then we will get a bigger profit. Of course, those who sell it now will regret it when they see the highest price that will occur in the near future.
Everyone will not immediately know how high the price will be when it is approaching the halving or after the halving, because we cannot guess how much profit we can get by remaining without selling when we see an increase in prices as seen in the past few days before the correction occurred. However, considering the current conditions, it is indeed a good idea to hold on to Bitcoin because the halving is not a bad moment for Bitcoin and its holders at this time.
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erep
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January 14, 2024, 10:37:12 PM |
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Indeed, there is no harm in selling at any price and the most important thing is that we have made a profit when selling it, but if we are able to hold out until the halving occurs then we will get a bigger profit. Of course, those who sell it now will regret it when they see the highest price that will occur in the near future.
Everyone will not immediately know how high the price will be when it is approaching the halving or after the halving, because we cannot guess how much profit we can get by remaining without selling when we see an increase in prices as seen in the past few days before the correction occurred. However, considering the current conditions, it is indeed a good idea to hold on to Bitcoin because the halving is not a bad moment for Bitcoin and its holders at this time. we can't predict the crypto market price exactly but the fluctuating market gives a signal after the price reaches ATH in the previous halving period, so the possibility for a new predicted price will definitely be higher than the previous ATH, so it is the easiest scheme to predict the crypto market even in the week then the price of bitcoin almost reached $50k, we are in a position where the market price is above 75% reaching the ATH so keep holding gold hands until the ATH has been reached.
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NewRanger
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January 16, 2024, 05:19:05 AM |
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we can't predict the crypto market price exactly but the fluctuating market gives a signal after the price reaches ATH in the previous halving period, so the possibility for a new predicted price will definitely be higher than the previous ATH, so it is the easiest scheme to predict the crypto market even in the week then the price of bitcoin almost reached $50k, we are in a position where the market price is above 75% reaching the ATH so keep holding gold hands until the ATH has been reached.
That is the specialty of the cryptocurrency market, especially BTC. Focus on the initial goal, don't let us initially want to invest long term, but when we see floating profits, then we change our minds and sell it, and in the end regret it, if Bitcoin reaches a new point. Well, I think for now, if we look at market conditions, it's better if we have a picnic first or do something that makes us happy while waiting for BTC to rise above 50K, whether in the next week or 2.
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GeorgeJohn
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January 16, 2024, 10:24:48 PM |
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The recent candles are already so vertical that it seems unlikely that this growth will continue for long and will touch the $48k level in the next days - the correction is long overdue and if I were a short-term speculator I would dump already. This recent rally reminds me of the previous rallies that happened before the halvening - they all stopped abruptly because they were premature, as the true bull run starts long after the halvening, typically 6-9 months.
that is why it say that the price of Bitcoin is unpredictable because you may follow the current coloration of the candlesticks and they make your prediction and tomorrow the color interchanges to what you did not expect so therefore the price of Bitcoin is unpredictable because as for the date you make this post maybe the price of Bitcoin was appreciated but right now the price has reduced drastically so it is unpredictable market
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STT
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January 16, 2024, 11:20:50 PM Last edit: January 22, 2024, 06:03:13 PM by STT |
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Great call then, simple is best despite all the noise it did pretty much act on cue. A ceiling maintained is bearish but price can resolve through time as well as movement. That'd be my rough view on weekly bars. You wouldn't want to step on that pin, owch So do we resolve to find this pricing as a ceiling and then down to 37k. 37k fits as bottom of a channel and a fib level. 50 day average is where we are right now but the true measure would be 200 day way down near 33k both positive moving BTC is doing well sell or not from here.
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