Topic: Btc dump to 39600 - page 2. (Read 722 times)

The market behavior is going well, but if we look at the history, the chances of the market going down in the month of January are high. Currently, compared to the progress we are seeing in Bitcoin price, the price of other coins in the market is moving very little.

 If there is any good news about the ETF at the beginning of the next year, then there may be a breakout, but in the case of a rejection, there may also be a breakdown. Therefore, one should be prepared for both cases. However, nothing can be said with certainty, often when we consider the market to be bullish, the market falls.

Maybe until next week, the manipulators and the whales are trying to make Bitcoin reach a price value of 48k to 50k each. Because the movement of the market is quite aggressive now, to be honest. We know that when that happens, the top altcoins also react in the market due to this style of Bitcoin's rise.

And then, at the beginning of next year, there will be a breakout in the market, and we should also be able to keep up with it before it has a continued increase in its value again in the market, where a lot is expected in this regard.

Bitcoin actually deserves to fall, it deserves to face the law of gravity since it had a very huge buy in a short time. Imagine, over $20,000 in 4 months, there is nothing wrong if it sheds at least $5,000 in the name of retracement, that is how the market works so that it can later continue its trend to even launch higher than before, that's if it can preserve the bullish trend. But the situation is a bit different now due to the FOMO and FUD and strong bullish sentiment in the market. Not enough people are willing to liquidate their positions for now whether it is temporary or permanent, this is why the market capitalization of Bitcoin has held well above $800B for so long, and this might continue to hold until very bad news happens.

As for the bearish speculation of late, it is a good view by all speculators who attempted it. The market actually confirmed the short-term bearish trend and I even saw it early and also profited from it. Only that it never lasted so long when the news of Argentina accepting Bitcoin and other altcoins broke out. This has afterwards returned the market on the bullish path with the positive price action trying to return to the weekly chart having completely overcome the daily chart again. As it is now, what can overpower Bitcoin and the prevailing sentiment is for the weekly chart to have two consecutive bearish candlesticks, and there must be a weekly close in both situations for this to happen. This will weaken the FUD aspect and make Bitcoin fall a little bit. It attempted it lately, but let's see what it will do between now and the first week in January.

Corrections are rather deep, but it seems this is a generally bullish season it can't really fall too hard. Recent corrections have indeed cut through $42,200, but the recovery follows quickly. I think the price never really fell below $40,000.

The level of volatility has increased a lot in the past days. From $44,000, the correction could pull the price all the way down to the $40,000 level. And then it recovers and gets back to $44,000 only to face another deep correction to $40,000 level again. But it just bounces back from there.

Bitcoin proves many like the OP wrong and keeps the uptrend going when it has its own uptrend momentum. If Bitcoin can break this resistance, which is now in an important price range, we may see another huge rally. So now it's time to see what price range Bitcoin ends up in this year, which will signal how Bitcoin will perform next year.

Because I expected this kind of performance from Bitcoin since it successfully broke the 31000 resistance.

The market almost experienced a correction below $40k but market conditions still maintain resistance in the $40-44k range so far, market conditions are positive for holders as the price returns to $44k with a potential increase of $50k by the end of this year, I don't think the mempool clogging is a negative impact because it does not affect the price of bitcoin, the big news of halving awaits next year and surely the price of bitcoin will skyrocket in the first quarter of next year, we will soon see the market will increase significantly and the market is ready to reach a new ATH.

Resistance is around $44k-$45k for this year, still good price though, isn't it? Last year was very different for us, but we all know how bitcoin market does though, it will bounce back and that's what we have seen this year. So it's awesome although we have some issue like the Mempool clogging because of the ordinals, but that's another thread for discussion.


Or not over think it, just go with what we know best for us, continue to accumulate as time goes by, or look for the long haul, go and stack up sats and wait for the bull run. That's always been the plan for some of us and it's a strategy that never stop to work in our favor as bitcoin investors.

I do believe that it will go on strong and people will end up being careful about what they do and will make something that would be even bigger. I think 45k before the year ends would be awesome to see, it would be another wall down and we would have open field for the 2024 start. I am not saying that it will go on even higher after that, we do not know what will happen but we could have some differences and we need to be careful about it for sure.

I understand that it is not going to be easy to handle it all, but we need to make sure that it can be done one way or another. I believe that we need to make it work eventually and should make it change something in the end. Just focus on how much it could increase and invest accordingly.

It is natural to think like that and hope to see more changes in Bitcoin, because now everyone will see a pretty good moment and it is indeed time to think about bigger things through a good moment in the bull market path. But this year I don't think Bitcoin will go straight to $50K, unless it's only $45K because that number is more logical for everyone to expect.

I also think that a small correction will not have much influence on the amount of profit that many people can get, although everyone might also be quite happy if they had the opportunity to buy when the price correction occurred. Because when the current price improvement trend continues, of course the potential for Bitcoin price increases can also continue without a larger price correction.

Definitely everything looks great from out perspective, last year was very different though. But if we keep our heads high this year, we might be looking for a big profits already. Nevertheless, we will going to hold even if we reach $50k, we should be looking at the long term.


Correction is one way to us to go and get into the market and enter at a cheap price. Others might not like to see the price going down, but for smart investors, it's a great opportunity again to accumulate and stack up sats.

People are in good shape right now regarding on their speculation towards BTC and they really think that it could reach to the figures you said or maybe we can really see it break at $50k. I'm also or maybe the right word to say here is people look forward to see more from bitcoin since they are looking to see a huge bullrun event that has been waited for long time by majority of crypto holders.

We can expect some correction since for sure there's no sustainable pump gonna happen and we can see bitcoin price fall, but what good thing there is maybe we can only see small correction then bitcoin price will continue to climb up.

If you can exercise patience with your hodling before the end of next week, you will surely see the price that is your target that will make you to sell your BTC to make profits because, the price just rise to $44k few hours ago and the green light is still on to encourage investors. Short team hodlers always have it in mind that the price will not reach $43k before the price will fall down to $20k for them to buy to prepare for bull run not knowing that the price of BTC will not go down more than $40k before it will hit back $69k.

This is an evidence that next year will be a good season to investors because, the market price has taken a good step that will make long term hodlers to begin to sell their coins next month to make money they have never make before over two years.

Back above weekly average in the last couple days, good recovery.  42k was the low that mattered, if we continue to maintain that we might even attempt to dissemble the resistance above and gain further.   If we find no further reason to check lower prices this makes BTC very positive in trend, I do think we need this month and the weeks after that to confirm we have a good movement in continuation.   I wouldn't doubt BTC is positive at this point only that this was really not much of a pullback at all.
   The gradient of the last couple months has been far faster move up then the rest of 2023 where some doubted we were even gaining as it varied from positive to flat.   I always doubt the more aggressive gains and look for a reset but it doesnt have to happen, we just have to be watching for it anyway imo.   Daily lows since Dec 11th, thats the line we need to not cross basically, do that & we keep the faith.

The price of Bitcoin is on the rise and has recently surpassed the $44,000 resistance level. BTC is currently in a strong uptrend and could potentially continue its upward movement beyond $45,000. I'm personally looking forward to the bullish momentum taking charge.

In case of any corrections, it's expected to contribute to sustaining the overall bullish momentum.

The good trend will indeed continue in the current market, because the increase in the price of Bitcoin which has been seen again after a small correction in the market has made Volatility more positive and also made the desire of many people to continue to get Bitcoin before the price increases further. Bitcoin price movement today is also quite positive and I am also waiting to see the $45K level at the end of this very happy year or before celebrating the new year.

Some speculators have said perhaps that the bull run might have started with the way that the correction from $39k back to now 44k happened. The market volatility is beginning to get high by this December and if that closes this way on the high it will mean a very positive growth for next year before halving. I believe it is still time for DCA.

If we look at the price changes, there is a possibility that $45k could happen by the end of this year. But everything can change if suddenly bad news comes and affects the price. It will also make people panic and think something will happen to Bitcoin.

That could make the price unable to continue its increase and will make the price decrease again. But hopefully, that doesn't happen, and the price will continue to increase according to predictions. And it seems like there is a price war in the market because the price changes are seen to be faster than usual. But I don't know, we can only predict.

Yes, there is a possibility that this increase is due to Bitcoin ETF so that the price can break $44k. We just hope that the price can continue to increase even though a correction will come in the market.

I'm not sure, but it seems to me that 45k before the end of this year could happen sooner. It's possible that the current rise is due to expectations of a new bitcoin etf. There is no definite date yet when the resolution of this issue will happen. Probably the growth will continue until there is a concrete decision.

And just when we thought that the price is going down because of the correction that we have seen, the price moves on the opposite direction. And as base on previous years, when we are fast approaching Christmas, the price seems to be increasing, but what we should be looking is the end price, could be $45k at the end of the year.

@gunhell16 - I don't know who are the experts though, because as far as I know, there's none, everyone can make their own predictions in this market. And as you have said, it's very unpredictable, very volatile. And we can take advantage of it's volatility in whichever way we can, (but at dip, or sell when the price goes up momentarily).

We are not new to such price movements in the market. There will definitely be a correction, and that's where the other experts are having different speculations about Bitcoin. Every trader has his own prediction that can be made. Now, it's just really different in the way we say it.

Because there are many tools that can be used to determine if the price will go down or up, since the market is unpredictable, all the technical or fundamental analysis will be different, but everyone knows one thing, and that is that bitcoin will really go up as expected by most.