I feel that the recent bullish moment is just a temptation to increase the hype in the market, in the next few weeks the price of bitcoin will definitely move stably and sideways, it's not yet time for bitcoin to pass its ATH but I'm sure before this year ends, the price of bitcoin will pass $40k. Bitcoin is a very volatile asset and market sentiment really influences its price, so don't ever think twice about Bitcoin when the market is bearish or bullish.
You said Bitcoin will move sideways in few weeks yet you are of the opinion it will reach $40k before the end of the year, do you still remember we have roughly eight weeks for the year to end? I'm trying to make sense of the information you provided.
Even though many people still think that the bullish moves might just be a trap, think about it this way:
Bitcoin halving is happening in less than six months;
Bitcoin ETF might get approved in January 2024, which is less than three months from today.
With these information, do you think people will not be motivated to buy and not sell? Well, you should know better.
$40k price isnt really that too far as we do all know on which +$5k movement doesnt really take long or be that much too far, we do only need some positive news that would act as a catalyst for us to hit up that 40k
and yes its true that we do only have 8 weeks left for this year to end but basing up or looking into those price opening and closing charts on each month then it does really shows that this month is likely to be red
and so as December on which im not really that much putting up myself on being that too positive about some increase but rather i would be expecting that there might be some other sideways movement
as of this moment.
Well, this market is never been predictable in the first place on which there's no such thing about patterns or whatever forms that you are really that seeing in the past. The market could move out following it
or totally that opposing such thing. For now then it would really be that so hard to tell on where it would be going but its not bad to take up positions as of this current price considering
that bull run event isnt really that too long but expect that it would really be that on post-halving months which we do all anticipate.