If we refer to the weekly Bitcoin price analysis, of course it will be difficult to touch $50k this month, in fact the weekly charts are in a downward position, but that also does not rule out the possibility that the price will fall, some investors or traders may maintain the price level above $40k and where people expect to buy it again below $40k at the end of this month or early next month, but on the other hand we know that ETFs do not have any impact on the price of bitcoin.
We will have to wait until companies from Wall Street will no longer be able to buy bitcoin from OTC market like Coinbase OTC. They will have to change from OTC market to Spot market and with massive capital from Wall Street, we know what will happen with price.
Supply shock will happen and we have to ignore small correction like recent days, think of long term and hold our bitcoin as most tightly as possible. If we can not do it, we will sell all our bitcoins to BlackRock, Fidelity and more companies behind Bitcoin Spot ETFs.
This January and next some months will not time to sell bitcoin.
Yes even today we are seeing a drop in bitcoin prices not that much of a worry they are just below $42k but they are still above $40k, I think it is true that selling for now is not the right time for long term holders should know that the market is halving bitcoin will be bullish again, I think this correction will not take long so the prediction for the price of bitcoin on freebitcoin for this month should be right at $40,001 - $45,000 because maybe they will still be playing there for the next week or two.
Anyone doesn't want to sell it to Blackrock or other companies, everyone probably won't panic at the price drop for now everyone is holding onto bitcoin tightly until the bull market comes again after the halving, the supply and number of bitcoins printed are getting smaller from the block reward which will reduce circulation bitcoin for now, talking about bitcoin prices and predictions let's hope I'm right with $40,001 - $45,000
But the worst possibility is $37,501 - $40,000 with OUTCOME ODDS 12.12 seems more attractive, there are still 4 days left to join in the freebitcoin price prediction
