Topic: Correction is possible in bitcoin price? After 40,000$ (Read 437 times)

At the end this boils down to be ready to whatever the market can throw at you, because despite our best efforts we have no way to know what is exactly going to do, fortunately for those that are long term holders or those that are using a DCA strategy the short movements of the market are not significant enough for them to take action and the only ones that have to worry are the traders that are trying to maximize their profits as much as possible.

We shouldn't be expecting the price of Bitcoin to drop after just starting to rise due to the price was very low for a long time. We should be expecting more pump in the price and Bitcoin rising to $45,000. I think we'll end the year at that price range then continue from next year to rise more due to it been the halving year. Corrections can happen any time as the market is very volatile so we can't rule that out of the picture too but we'll rise more instead of dumping.

The price of Bitcoin is above $41,000 and things aren't looking too bad for the market, altcoins are dumping because of the little correction that happens to the price of Bitcoin but Bitcoin itself is holding strong and we might have had a support level between $39,000 and $40,000. If the price stays above $40,000 for the rest of the year then we can be expecting the prices to be more than $50,000 before Bitcoin halves comes to full effect.

As opposed to current year 2023, and the coming ear 2024? You think there is actually a time when there is less altcoin projects?

If you're saying more altcoins emerge during the bull run, it's actually not true. The MOST time when new altcoins are born is during quiet bear period. The coins that emerge during bullrun? That's called a shitcoin/scamcoin bro.

Little depreciation is necessary for correction of price so if bitcoin price down from 44k$ to 41k$ then this is not a big issue because as it can pump from 26k$ towards 44k$ then it means that market value is going to be surge very soon. In crypto market possibility of everything exists therefore one should not be scared of different movements of market price.

There are still eighteen days remaining in December so maybe again it show elevated worth and cross the value of 45k$. Everyone is preparing for next year as everyone is familiar with the reality that coming Bull run will begin due to the halving in the month of April 2024.

With how ETF approval news has made the market very bullish, plus the upcoming bitcoin halving, I guess its hard to expect for a correction these days. Most probably majority of the coins will move upward, and bitcoin will surely lead the rise. That's how I see the market will be in the next couple of days.

However, bitcoin's volatility cannot be prevented nor controlled. There might still be an incoming correction but we don't know when it will hit bitcoin and the market, it might be before ETF approval or after the event.

In 2025, we will witnessed the existence of more altcoin projects and Bitcoin chances of shooting to the moon still exists. Correction is triggered in bitcoin charts each time it makes heavy dump or strong bull run. There's more years ahead, we will be witnessing a top time in the system, we have to prepare ourselves for what's coming our way and ensure we utilized our opportunities of generating profits for ourselves. Bitcoin initial targets was to make a bullrun up to a $100k in the bull season but unfortunately, the market reversed and we watch how the system play out and liquidated most of our trading accounts.

iam belive bitcoin price still rise and uptrend, besause next year is halving
so bitcoin price rise to 50k dollar is easy, halving or after halving one year later 2024 or 2025 maybe bitcoin price can reach 100k dollar

We can still hit that target price before the year end specially if we are able to survive on this correction. We might see $40k though but let’s not hope for this and let’s be more bullish as we are going to few more weeks before the year end. Bitcoin is still doing great with a great volume too, this kind of correction is already expected, don’t panic and just know when to buy and grab that opportunity before its too late.

I don't think that the price of bitcoin will increase and fall this time around, if bitcoin should fall I think that the price will fall a little because we are expecting to enter into massive bullrun come 2024 so any difference you find in a bitcoin right now is a retracing of bitcoin, because I know quite well that bitcoin price doesn't remain constant or consistent in price it always fluctuates in order to balance the circle, what determine the increment of bitcoin is the supply and the demand, I think this two days the price of bitcoin drops what might caused is the demands has drop and the supply is higher the demands.

We have a short and quick pull back and that's why everything is still possible even if we hit the $40k mark.

Just like me, corrections are essential for the market for us to see that there's going to be a bigger high in the upcoming months. Bitcoin is certainly the main attraction of it but we have seen how resilient it is and that's one factor that many of us like for Bitcoin. Regardless of how many % it will pull, the recovery is greater than it.

Correction is part of the market and obviously part of bitcoin. The volatility of bitcoin makes it more visible with price correction and so everyone is still expecting it to happen despite of the continues price surging. But I don't see passing below $30k, instead probably we will see below $35k and then it returns to be bullish again. But still, that remains a prediction that is still not precise and accurate.

But I totally believe that we will experience market correction in the next few days and bitcoin will be quite affected. But no worries with bitcoin as its price will never stay longer in a bearish price, it will always recover again from every price drop.

No matter how bullish the market is, there will always possibilities that bitcoin price will experience correction, and that has been proven throughout the year. While it's unfortunate for those who have still started to invest, but it would be another market opportunity to let bitcoin investors coming in because of the sudden price decline. So bitcoin price correction also has its own share of advantages.

While it's highly possible, but it's also not going to take for long. The market is filled with exciting events that will happen by next year, so bitcoin price will immediately rise up again for a new ATH to welcome.

I see bounce back up from the 41k Im expecting to see that as supprt zone.

I'm pretty sure there will be a market consolidation we can know this by seeing the graph itself, it has always happened in the past and every trader know that this will happen, but the thing is the market is very unpredictable, and you cannot see where the price would land or soar. Market reversal is most unlikely to happen to the market given the fact that the halving is getting near and we always know how market behaves when halving is taking place in a year.

I'm positive that the market will consolidate for quite some time, them pump until the halving, then a year after the halving the market will slow go down. We've all seen this!

In fact, we could see $50k this month if Bitcoin's trend continues to be positive and Bitcoin is able to stay above the $40k price despite some corrections.

There is a lot of speculation circulating about the price of Bitcoin at the end of 2023, this will be a pretty good price.
And 2024 will be the real bullish start.

Halving is a hope and a 4-year moment that is always awaited, so hold your assets until ATH is reached.

Before the weekend, I think on Friday, I read something about Fidelity spot ETF bitcoin having a meeting with SEC but the detail of the meeting wasn't revealed and that is sceptical to keep mum about the progress of bitcoin spot ETF, and then the weekend bitcoin dump, even yesterday been a new weekend Bitcoin dump a little bit and that makes me think there is something fishy that SEC and bitcoin ETF bitcoin spot applications are doing that the public is not aware for now. However, I am waiting to see what will happen comes January as many people expected the bitcoin ETF spots should be approved, even if not all they will certainly approved some.

I also have a fear of the rejection because SEC has an influence on the Bitcoin market and billions will flow into ETFs if they should make approve these ETFs and in addition bull run is around the corner, if they approve this application I think Bitcoin is going to have an insane bull run and I believe they wouldn't want to be involved in bitcoin price shoot up, they don't want to be involve in why people buy bitcoin, I know SEC very well and that is why I fear of this rejection might happen.

Price correction might not happen now perhaps maybe 2 months to halving that some people will sell, many investors wouldn't wait for bitcoin halving to approach before they sell, they are smart and they wouldn't wait for that day before they sell, so I expect to see a correction by then but I don't it will happen now because bulls don't want to lose this opportunity until they have what they came for this season of bull run.

I can't say anything on the price movement of bitcoin but the fact remains that bitcoin price is still doing well and this little correction that happened is not a surprise. This is because the price has being shooting up and a correction is needed for it to be able to go above 44k price which was the highest price of bitcoin in this circle. So I wouldn't say that we should expect a big dip in bitcoin price. We might see $37k but I am expecting bitcoin price to reach 45k and above by the end of this month/year.

The price surge happen its because people think that there are more coming but unfortunately maybe there are some people cashing out there profit that's why there's correction happen. There are still few days left for December still there's a chance that bitcoin will still pump up to $50k if you mean if this price still possible to reach. Also there's no always price up for any coin including bitcoin and current situation shows that to much expecting on something could leave them to massive lose if they are those type of person which can be easily get panic on certain condition including market correction.


For me there's no reason to get panic as still its good to hold if you have some and accumulate if you have no balance left since we are not yet experiencing the halving effect so most provably price would recover and maybe we can see more larger price than this in coming next year.

Corrections following sharp price rises are very common in the crypto environment. What happens here is that large sums of longs are liquidated, thereby removing "trading competition" from the market, as these people then lack the necessary money to quickly recover from the loss. Of course, this also happens in the stock market, but in a much more subtle way, as otherwise the market regulator would immediately intervene.

You can read about the effects of this here, for example: https://decrypt.co/209259/330-million-in-crypto-longs-liquidated-as-bitcoin-tumbles-below-43000

The closer this year will end, the higher we see bitcoin price surging that made me think that any market correction might not be happening this year anymore. But we all know this remains an illusion because we know from the start that bitcoin moves its price mysteriously. So I still have this feeling that any time, bitcoin might experience another price correction and we know its unstoppable.

But is there any reason to be mad or resort into panicking? Of course, there's none. No matter how deep the price drops, bitcoin will always comes up recovering again. So let's just enjoy the opportunity if ever it happens, at least we can add more cheap bitcoins into our portfolio.

Yes, nothing is certain in trading. For this reason, we must always be prepared for what will happen. We are in a bullish state but we also have to admit that the market has experienced corrections many times and some declines often take us by surprise.
But if we are always ready, it will not affect us, and we can remain calm when facing whatever happens. If traders want to avoid experiencing losses, they can exit the market first until the situation is not volatile, even though it is unlikely that the market will calm down.
The drop from $44k to $41k may have surprised many people as they did not expect such a deep drop.
We have seen bears coming into the market and causing the market to experience a deep decline. But that's only temporary because now there seems to be strength and encouragement for the price to rise again. From $41,500, it is now at $41,700.
Hopefully, there will be a reversal and bring the price back to $42 or higher.
Even though the market will experience bearish conditions again, the price of bitcoin will reach $50,000, even though we don't know when that will happen. We should keep holding onto Bitcoin tightly and only sell it if our target price has been reached.

just yesterday we've got some correction suddenly out of nowhere without any proper reasoning at all and thats perfectly normal occurrence in the cryptocurrency market and thats what i mean by every bullrun will have some reversal.
in the bullrun its not just gonna go directly into the all time high there's most certainly always gonna be some pull back that gonna be occurring along the way and we should be prepared for that if we do trading for short term but its kinda different if we are investing for long term because honestly if we have a good entry we could simply just ignore all these corrections along the way and wait for the target after all these correction are most definitely not gonna be making the coin we invested touching the all time low anyway otherwise it will be. bearish.
anyone that have traded enough in cryptocurrency will definitely know that such reversal is always happening after some good rally and most of them already prepared for such thing, some might just outright ignoring it because they all know things are fine and the price will recover, some will take advantage of it for the sake of the margin.

We're actually in a correction period right now and we just do not know when will it be stopping. Maybe one factor is that lots of them are cashing out in preparation for their respective Xmas parties, buying gifts, etc. This is mostly likely happening in the Holiday season once we are experiencing uptrend in the market.

As of this time, we're currently standing at $40,600+ after reaching at least $44,200+ which I assume it's the current resistance level being defended that the bulls finding it hard to penetrate as of this time.

I was really hoping about BTC going as much as $45k before the end of the week which it failed. I can see that if the bulls can hold on with the projected $40k support level for a long while, this would lead to another round of bull run before the much-anticipated BTC halving.

And we are watching that correction happen right now, bitcoin failed to break up the 44k resistance level three times and now we are seeing the price reaching the 41k level, can bitcoin hold the 40k support level? This is an interesting question and I think the answer is yes, as I do not really expect this correction to be that significant, however if it is accompanied by a negative news then this could give the bears enough strength to keep pushing the price down for a time.

that's true and perhaps what is difficult to determine a position is when the price becomes stagnant after the pump occurs. some people may still be targeting higher prices, but some don't want to take the risk when prices eventually decline.
some time ago, we saw how Bitcoin was quite stable around the price of $30k, and that happened for quite a long time in fluctuating price movements, but not in a large price vulnerability.
perhaps the situation will occur at this current moment. now it continues to decline and may stop at a certain price which may last for a certain time.

We can't predict the numbers and at which price will the price reverse but what we can certainly tell is that after a pump in the price there is a period of consolidation or a reversal.
So as we know that bitcoin price has been pumping in the last few weeks, we can say that the price will enter a consolidation zone or might reverse.
Price cannot keep going in a single direction. Bitcoin price will reverse but we cannot surely say whether the price will reverse now or upon reaching $50k.

You now sounded too certain, but in my trading experience, nothing is certain in the market no matter how sure the view is to you. Fine, we are in the obvious bullish season and everyone can catch a glimpse of it and earn their money easily. But do not forget that the market can't be moving up with a smooth slope just like that without some time to branch for some corrective purposes. This is why at this point I advise traders to exercise caution if they do not want to lose, or at least get their profit reduced. This is because I had been expecting the bearish retracement since last week. Bitcoin tried to retrace last week but it seems that the FOMO spirit is still prevailing which was what affected it.

But this time, the weekly chart's candlestick is bearish just like I warned last week, there is the possibility that we see a bearish week this time. You can also see what happened in the wake of the week, more might happen going forward, so we should not be so sure of the bullish trend without being cautious of the downward possibility too. And even as sure as you might think that $50,000 would be hit, in which the trend even agrees with you, the market might eventually fail, especially if this prospective bearish movement which would serve as a viable correction lasts longer than expected. This would be evident if Bitcoin does not find a means to move higher due to the lack of positive headlines that would catalyze it.

I'm sure the price will continue to rise towards $50,000. But before that happens, there will definitely be lots of corrections, whether deep corrections or small corrections.
Hopefully, the correction that will occur is a small correction, meaning the price will not fall back to $30,000 but will remain in the range of $43,000-$44,000.
And now, a correction has occurred and made the price of bitcoin fall to around $43.7xx. I think this is only temporary and hopefully only for a while.
But in the long term, the price will continue to rise until it reaches $50,000.
If you want to increase the number of bitcoins, you can buy them now and later. Just prepare the money to buy and determine the target price.

This is a cryptocurrency market and, accordingly, everything is possible here, even the impossible. So, even if you are sure that Bitcoin will reach the price of 50 thousand dollars, do not forget to set a stop loss, which will help you reduce losses if the price moves contrary to your expectations.

Both are possible, but if I were to guess, I am quite optimistic to see bitcoin price soaring high in the next days. And with its possible price drop, it will always happen but no one knows when its going to start taking place. But I don't see minding for bitcoin price to see dropping again, in fact it will be a good opportunity to buy more Bitcoin while having it's price decline. After that, we will witness again bitcoin price to skyrocket once again.

However, with the ETF approval news and bitcoin halving becoming near, I don't see any reason for bitcoin price to drop but with its high volatility, certainly it will eventually happen again.

So many persons anticipated that Bitcoin will drop immediately it touches $40k , but currently Bitcoin has exceeded $40k for many days and it has not dropped. This is a sign that Bitcoin is unpredictable. However, Many experts predicted that Bitcoin will not exceed $45k this year. This prediction seems accurate because in few weeks time, this year will end. Although, with a little positive fundamental, Bitcoin can rise to $50k and also in same manner with a negative fundamental, it can drop below $40k.

The law is always thus; whatever goes up must surely come down. Therefore, since Bitcoin has been on the positive lane, we should also anticipate a negative lane. So, it is possible that Bitcoin may fall below $40k amidst the bull run trend.

It is very difficult to make a clear prediction in the short term, especially in today's market conditions. Although the Bitcoin price hasn’t made a serious correction, it isn’t possible to predict whether a correction movement will occur from its current price levels.

When we consider the reasons such as an increase in the number of new investors every day, the market moving optimistically and many people believing that the bull period has begun, it can be easily said that the price will continue to move upwards. Of course, with the arrival of positive news about ETF news, this price movement will occur much faster and harsher. Of course, it shouldn’t be forgotten that, on the contrary, a possible negative news may cause a movement in the opposite direction.

To put it briefly and simply, it is unfortunately very difficult to predict in which price range the mentioned correction movement will occur, given the potential for price changes to move sharply unidirectionally in today's market conditions.

Bitcoin has been growing for the eighth week in a row, and it is clear that a correction will be inevitable, but if we are already in a bull market, then this correction may be local, after which growth will continue. It seems to me that before the start of a big growth there should be a big correction, I am of the opinion that the growth that we are now seeing began early and those who believe in further growth may suffer losses if a correction follows.

The market situation will likely remain stable like this as long as there is no bad news attacking Bitcoin. We all know that Bitcoin prices usually fall when there is bad news, but at the end of this year, as usual, the price will rise, and after the new year, the price will fall again. and make very deep corrections, but don't worry because it will definitely go up again because cryptocurrency price movements will only go up and down, and no one can accurately predict where the price will go in the future.

Well, we've been at $40k ++ for a few days and quite stabilizing right now. We can hope that there is no correction anymore but can't hold the market's volatility as it drops (or it pumps more) for some inevitable reason. However, I don't expect a significant drop to happen but just a short correction which also normally occurs.

I don't see that ETF has contributed to the current situation but what I believe has an impact on the market these days is due to halving which is coming near.

I still think that a lot depends on its price, namely the purpose of the whales, I constantly see that it is they who are pumping it up according to the price tag, I think this time they will pump it up to a price tag of 50+. Of course, we’ll wait and see, but I think that the price tag will definitely rise above this price.

You are saying right that the bitcoin price is pumping from $25K and its pumping continuously because of the fomo of ETF approval. Now, the price of bitcoin is moving around $44,000. Now, bitcoin is in over bought zone in the day candle. It will soon dump below 40,000$. So, wait for the right time to take another entry. Now, just book the profit from your previous trade.

A correction will come sooner or later. It has happened after every major rally. The question is for how much longer can Bitcoin keep pumping? Traders are up massively and could decide they want to take profits. Some will start converting their BTC to stablecoins and alts. All of this could have an effect and cool down Bitcoin's momentum. Whatever happens, Bitcoin will still close out the year with some nice gains having increased over $25k so far.

Now that the price had broke 40k level (almost 42k) at the moment, then tons had been anticipating or really that expecting for some correction or pullbacks on which i could say that it is really just that healthy.

We cant really have a market to have that uprising movement forever, some might have taken their profits but if we do look up into the current price it do really be able to tank up
on which means that this current price or 40k level might be the strong support and we might be seeing 50k EOY but well everythingis really that still an assumption as always
but it is really that good to look up on where Bitcoin is really going or on whats the current price that we are seeing.

Expect for corrections on which this is really that something which is really very normal. So it would be better that we should really know on when to take
profits not unless if you are really that going for long term.

Everyone want surge in bitcoin price but nobody knows that will there be an increases in price or it will decrease because if a price suddenly goes from 38k$ to 42k$ then there will be also be a fear that price will go down and people will also think that price will go more up because halving is near. Therefore we cannot predict price of bitcoin but if drop for some time happens then we should not be worried about our money as there will be a time when again price hit the value of more than 50k$.

There is a possibility that it will reach to 50k$ this year because as in few days it reaches to the value of 42k$ so in a month it can also touch 50k$ but this is all about prediction and market is not known by anyone as it is not stable and is decentralized. Shortly we will see 45k$ and as we have seen this recent pump so confidence of holders  is more well built.

I would guess that going from 60k to 40k means it may go down more, going from 20k to 40k means it could go up more. Being 40k doesn't matter anything for the future, it could mean that it could go up even more, or it could go down, it all depends on the market movement and how it got there.

I believe, considering we are nearing triple the bottom, I could say that it is going to keep getting higher and higher. This is why I am still holding and the world will see another bitcoin all time high soon enough, by soon I do not mean anytime these days, I mean it may take a year to get there but we are going to definitely see it. This is why I believe correction will not happen, it is possible but I think it will do a lot better than that.

Yes, potential drop is always there so as the potential continuous pump.

I believe in every possible action that bitcoin might do. It may go up as high as it can be or drop as low as we are not expecting it to be. That's what can happen to it so put every possibility on it and be prepared for the best because the worst might have happened already.

Who cares if there will be a correction or not. Either hold, or sell, or trade. No one would give you a correct answer what you should do with your crypto. There are no right or wrong decisions what to do with your crypto. Be your own boss and dont try to get rich fast.

Honestly speaking, awhile ago, Bitcoin's ATH reached 41k more than today. And because of this event, many people lost money. That's how the market is; it's very difficult to predict its price in the current market.

Then one more thing: when we are basing it on a short timeframe, the risk is quite high. To be honest, you need a deep and broad knowledge of trading; you really can't be ignorant.

Corrections are inevitable and it always happen after the pumps. But I don't think that the price of Bitcoin will be turning back too low again, we can call it short corrections over short pumps. That is what the market looks like but honestly, this is actually the reason why many people are here as they trying to catch the dump and sell when it pumps, and the cycle repeats again and again.

So I would say that we gonna expect changes in the market from time to time. Until the market moves in unpredictable directions, everything seems to be expected - up and down.

It seems we're more speculating now here in the trading discussion.
Normally, there's a correction right after the price increases even if we check the previous price graph.

However, as we know there are too many factors to consider when seeing the market sentiment, and as per see, people are in FOMO right now.
Yes FOMO, can drive prices higher, and when sentiment shifts, it can result in a correction as people rush to sell.

How many big investors have been investing in Bitcoin recently?

Going below $40,000 after reaching it, yes it might happen.
Revisiting the $30,000 price after reaching $40,000 or above it? I don't think so.

As I'm posting this, the price of Bitcoin is at around $41,500 already and there's no sign it going down at least for now. My first target has already been reached, and my 2nd price target is $45,000. I'm always optimistic, and bullish when we are in December, so I don't see Bitcoin reaching the $30,000 price after reaching $40,000. I guess my support for now is at $35,000. Small corrections are still possible though, especially in the next few days. I expect a downward movement after the price surge of Bitcoin in the past few days. Of course, there will be people who are selling at that price range.

It seems like the $40,000 price resistance isn't that strong enough for the bulls to be held back thus, we are seeing Bitcoin's price going above it for only a couple of days.

Even this day for the moment, Bitcoin has touched $42,155 for its highest, of course this means it has exceeded the expected resistance. But of course, usually after there is a significant increase like this, there will be a market correction. And this definitely makes us need to be prepared to face any possibility of drastic price reductions too. It is also possible that later there will be sideways after the price falls at certain supports. Therefore, the point is that we have to remain alert and calm whatever the market conditions. However, the Bitcoin market remains volatile as always we have already know. So, don't panic when the market correction is coming.

If you look at any of the prior bitcoin bull markets right after it topped, you will see that it provided barely any dips. When the dip came, it was usually the peak of the cycle pretty much.

When bitcoin starts to pump, whenever you check the price it goes higher and higher and it’s hard to buy the dip. Eventually people get FOMO and they end up buying the top pretty much.

Psychological supports and resistance.
$40,000 is now acting resistance, and for me just in case we will stay above $40,000 for a while, then it will become support.
About the correction, $30,000 for me now will act as strong psychological support.

Seeing a market price decline is always possible because of the highly volatile market. But what I'm seeing right now is more a consistent price increase that after reaching $40k, it will surpass another price surge until it reaches $45k and probably from there, we might start to see a market price decline that will test again the faith of early investors.

This is just my own prediction but it could also go the opposite way as it's still highly possible. Bitcoin's volatility makes it highly unpredictable, that's why keeping and hodling onto bitcoin is still the best weapon when price decline starts to appear.

You are asking a question that everyone will like to know, but everyone is just predicting, and nobody is sure about what’s going to happen. Whenever there is an increase in bitcoin price, we are always expecting a correction to happen before bouncing back and even going higher. Since bitcoin price has gone up, there will definitely be a correction, but nobody knows what the price will drop to, and nobody knows when the correction is going to happen. But from my prediction, even if a correction is going to happen, bitcoin is going to hit $40,000 first, and from there we might be seeing the price dropping.

Bitcoin price prediction is kind of difficult. We might see unexpected good news that is going to pump the bitcoin price, and bad news might just end up dumping the market, so bitcoin price prediction is really difficult. You can’t be sure of your prediction because anything can happen at any moment.

We can't predict the price movement of Bitcoin but we can forecast the price which gives possibility that the price will go to the specific level. I have tried to analyze the market but fortunately my analysis was materialized. Analysis is very powerful instrument to anticipate the price. I believe that when Bitcoin hits $45k the retracement will start. The market always look for a liquidity and the fair value gap can be defined as liquidity not only in swing points, so it's very possible for the price went that level before going down.
 

I'm optimistic to see a consistent price increase in the market, but it does not lost the fact that this volatile market is not free from any market correction or price decline for bitcoin. That's why I'm also open that this current price will suddenly drop again but I don't think it will drop below $30k again, most probably it will only range between $30k to $33k and then it might recover after couple of days.

However, we don't really hold the future for bitcoin. But one thing is certain, bitcoin will not frustrate us of its price most especially that we are looking forward for big events by early next year.

The price of BTC will still rise mostly as we anticipate the halving next year. Other events are also resultant in the hike in price such as may include the approval of ETF, ban of mixrs and more regulatory control over cryptocurrencies currently.
There should be no FOMO when it comes to HODLing as the bull run is still very much around and the value of it over time still pays better than as would alt coins over a duration of HODLing.

I really do not think so, I mean we are getting to a point where its pure bull run and everyone is super excited to buy and wait for it to go up and the more time passes the more people buy and hold, so its just going up. I am not saying its not possible, in the sense that everything is possible so its not going to end up being anything crazy, it should be considering something that will benefit them in the end and should be all the way better. I think possibility is not what you should look at, what the results would be is a lot better, it could definitely be better if you think "what is more likely" type of way, instead of thinking what would be the possible result in this situation, and the answer is that its likely to go up even more.

If the bitcoin would cross mainly the $40k then we would see it in its height as more than $42k would be possible in the near future. But the thing is we should see its crossing the $40k.

Mostly seen that when the bitcoin has a rise in the price and when that rise go so high then there a dump came in between that in which mostly users got loss and all the market get into red mark.

I hope we would only see pump this time.

the price of bitcoin could continue to rise to $50k or even fall back to $35k, so anything can happen to the price of bitcoin, the price of bitcoin will never be stable especially as we are approaching halving day, the price of bitcoin will definitely increase drastically and sharply.

Swing trading is a good technique, but you have to be careful because even the slightest wrong step can make you make a big loss instead of a profit, estimate the right time to sell and buy because the fluctuation in the price of XRP is not as big as the fluctuation in the price of Bitcoin.

The price surge could be attributed to the news of spot Bitcoin ETF approval that's in the offing or the forth coming Bitcoin halving. Whatever it might be, I believe we're all excited about the chart. Like you said the price has been hovering around 39,000 in the past few days and I think it's too early to say it's the new support level. I expect the price to push through to $43k in the next 60 days and maybe retrace to $41k or $42k, but I don't see it dropping down to $30k.

somewhere around $42K i think before the correction happens but it might just take a little dip to $32k or maybe $30k before it spikes again. the halving seems a guarantee that a bull market will happen. whether the price hits $100k or not, that is one we will be looking to see.

because the institutions are already in crypto, we will probably be seeing a lot of pullbacks as a kind of manipulation. since they are up to gather more BTC, they will squeeze the market for traders to believe the price going down.

It sometimes baffles to see the upward Btc movement for week now though I am happy with the uptrend i do think we need some corrections in the market for now .Maybe before we reach 40k or so . Hope we will get one in the market soon so that we take some new long entries .

I actually think that short term is easier to predict technically and for long term predications we do not have any other help except fundamental analysis. For now the only bad news I see is the Binance being sued by the SEC. I think that was still a threat to the price of BTC as Binance is a huge crypto exchange and BTC is the main crypto. Not only BTC actually but other coins can also be affected with it.

Let us only hope for the best though. It is still best to see a good year end. It can also give us a good luck seeing a new year with a positivity even only in the price of the coins and not really to the happenings around.

I don’t think Bitcoins will cross more than 45k usd in this month. I might be wrong, but I am getting a feeling that this might happen. As soon as Bitcoins crosses 40k usd, all the short term holders will start selling the coins, which will reduce the demand to buy the coins. Hence we might see small set back in the coin. Else reverse can also happen if the demand increases and we might see Bitcoins crossing 50k usd. So let’s hope for the best.

Yes and by whales call/put ratio strong resistance on 40k price range.
It's just matter of time when correction happens Im short now.
Etf Sounds more like fomo clickbait

ETF stories have helped Bitcoin so much this year, and personally, I never believed it could breach the $37,000 mark, not to mention holding well above it. But the reality has proven that the reverse is the case, and if you noticed what has been happening since October, you would realize that the bullishness of Bitcoin is relentless, it has been buying with minimal bearish movements, so I will not advise anyone to start selling Bitcoin. Imagine what even happened yesterday, there was about a $1,000 spike in a few minutes, all these can't make Bitcoin fall tangibly but we should expect more of them.

There are many reasons for Bitcoin to rise rather than fall, and this ranges from the positive sentiment of people at this time to what is happening majorly on the larger timeframes on the technical chart. I believe the only news that could make a huge impact on Bitcoin is only when it's declared that the ETF has been disapproved. Other than that, I will not expect Bitcoin to hit $30,000 anymore this year and the next, it's going to be buying and buying.

Hmm, Reasonable. In a few days, we can hit the 40k+ target and from that range, there will be major resistance in the path towards the 47K almost and I'm expecting a small consolidating area between the $41k to $43k.

Hmm, At the same time OP, I think the drop to the 30k is not logical according to the latest developments and market sentiments. keep the safe side it's the crypto market you never know until or unless a black swan event happens market is going to continue with its highly bullish rally. December will be a good month at least this is what i think.

I read recent threads regarding halving-correction-december topics, general opinion is that even if correction taking place in December to 30K$ it might be traders taking profit at/from 40K level. People note that such market behaviour is natural and shall not scare you. Everybody (yes) agreed upon DCA technique, dollar cost average, to invest constantly (if you have money of course) no matter correction (or not) taking place, because anyway the price returns back to origin point (where the fall began). I personally waiting firstly xrp to rise little bit, lets say to 0.00002500 btc per 1 xrp because of xrp-valour-etp event (early december) and later move all in Btc. Btc is the only real valuable asset.

To face the Halving year, I think when Bitcoin experiences another decline it will be an ideal target. We know that ETF have a big impact on prices in the market regardless of the negatives and positives but for retail this kind of momentum can be utilized well so that price drops will always be anticipated to buy more. I'm not worried if christmas Day is the point where prices drop but  next year is already a tight grip that should be ready to be welcomed.  Touching $50,000 by the  end of the year doesn't  seem difficult if you look at the chart dated October 1-31 Bitcoin gave strength to ±$7,700. And from November 1-30 the Bitcoin price pushed up to ±$3,800. So it will be very interesting if the end of the year should touch $50,000  then a major push of ±$11,000 should be seen over the next 4 weeks.

It is difficult to predict the exact trajectory of the Bitcoin market, as it is influenced by many factors. While the approval of spot bitcoin ETFs could have a positive impact on bitcoin prices, it is not guaranteed. Additionally, the probability of a bear market is always a possibility and can be affected by different market conditions. But I think Bitcoin price is expecting a possible correction, it might take a correction after reaching $40k. if $39k to $40k could be a lot of targets to set as those holding bitcoin from the bottom might have a target I think is logical but not very logical. But anything can happen, the event is only hypothetical.

The market trend is unpredictable but the said price correction seems expected to happen at any time, not wonder.
But we should have nothing to worry about, as long as we are holding tight and focusing on our goal in waiting for the bull season, we have nothing to lose as we never sell any.

Let us embrace and understand what the volatility looks like, it pumps today and it may dump or pump by tomorrow. A reason why we should know how to be patient and how to respond calmly to every market change.

Of course, a correction is possible, as it's always possible — but will it happen? No one knows.

If I were to guess though? Probably, but maybe not as big of a correction as most people think. A lot of people are sidelined and are waiting for a dip and it really shows.

It's hard to make predictions but the only thing I am sure is Bitcoin will not go straightly towards its 2021 all time high. It is my prediction but it is good to hold your coins, don't sell it before or shortly after the halving. When a bull run starts after 2024 halving, price will be higher than $40,000.

Bitcoin Spot ETF approvals won't be a silver bullet to help Bitcoin rising without any correction. Even in a massive parabolic bull run, there will be many big corrections and with good recovery of Bitcoin during 2023, so far there is not big correction.

I am not surprised in last days of this year or early days of 2024, there will be big corrections. Those big corrections are healthy to get rid of gamblers and prepare for a healthier bull run in 2024 with a halving.

I do not think there will be any significant drop until spot bitcoin ETF has been approved. Even if it has been approved, the price of bitcoin will increase over $40000 if It has not increased to the price before the approval. Bear market may still come, but not until spot bitcoin ETF has been approved after the price has first continue to increase significantly after the approval. I mean after the approval, the price will also still increase, then little bear market may come before halving but which may not be significant at all.

It is difficult to predict Bitcoin in this short time frame, but there is nothing preventing us from reaching above $42,000 in the next few days. We may end this year with a rise above $48,000 before a correction occurs that takes us back to $42,000, with a small possibility that we will touch $32,000 the levels, so during this year we have a long range between $32,000 (50-Day SMA) up to $48,000.

Bitcoin prices have been on the rise for the past two to three weeks, with no significant correction observed during this period. Currently, the bitcoin price hovers around $39,300. The surge in bitcoin prices can be attributed to the news of ETF approval circulating in the market.

However, what is your opinion? Do you anticipate a potential drop in the bitcoin price, revisiting $30,000 after reaching $40,000, or do you believe it will continue its upward trajectory towards $50,000?