Topic: Has anybody expected this? (Read 1561 times)

Of course we hope to be able to pass the previous best price of $48K+, hopefully this is a sign of improvement, and we hope it can pass $50K so that it can have the ability to move upward continuously. Yes, I hope what you say can be realized so that no more corrections occur before the halving period, and everyone also hopes that there will also be an increase in altcoins, which is currently visible. will provide excitement for holders who have been holding back for a long time until now.

Currently Bitcoin price improvements have also begun to appear again in Bitcoin so that Bitcoin holders and buyers at low prices no longer feel worried about the price corrections that occurred in Bitcoin after the ETF was approved. And in general it wouldn't be too bad for Bitcoin if it had to stagnate for a short time or before the halving occurred this year, because that would actually be better than a correction that was too deep before the halving occurred on Bitcoin.

You are right, let me say that there is no market that will be moving in a straight slope forever, that can't just be possible, not with Bitcoin or any other best assets. The market has its principles and characteristics of moving up and down and even if it is a bullish market, for instance, it will still find its way to branch downwards once in a while towards the lower prices before going back to the main trend. This is what makes trading better and unique, and if not, it will be so easy to predict the market and nothing will be dynamic in it. At this time, Bitcoin had done the needed correction, though not so satisfactory for many but moving down from $49,000 to about $40,000 is adequate enough in my opinion.

This is almost a $10,000 movement, and this happened within 2 weeks which is why I know that Bitcoin can be rising any moment from now. I expected the correction made but I knew it couldn't hit the $35,000 not to talk of breaching it lower. That was what it actually did, and will preserve over time. However it does not have much power to move higher anymore, and the reason is because of the resistance it met at $43,606. This level is too strong for it and I know that it can only continue the bullish movement after breaching it. However, if it is successful in this quest, it might hit $50,000 speedily, or even breach it to record a new high for the year.

was corrected when the ETF was approved and this of course made predictions wrong that one would hope for a positive side. but it didn't take long for it to increase and then fall again and it seemed to be stagnant.
Isn't it possible that this is actually waiting for the situation before the halving period to move towards correction, with the hope that afterwards there will be an improvement?

If we look at it like that, if it is too high and too long for that period, there is a big possibility of a potential correction occurring and it is also impossible for the BTC coin to rise non-stop.

Yes. However, what needs to be seen is to determine the right time if you really want to rejoin the market and I noticed that today, even though there was a correction this morning, it has moved quite well again.

Bitcoin ETF has Been approved and now there is a wait for halving because ETF approval has no such good effects on bitcoin price and has not changed the price to reach above 50k$. Now one more chance is here with us so let's see what will happen with the price during halving.

The current price is 42k$ which identifies that it's not too much lower and is also not too much higher but it is better from previous lower price of 35k$ and is worse than previous 47k$ worth of bitcoin. Everyone is expecting that halving will surely put some better value in price of all coins including bitcoin and altcoins may be the price hit the value of more than 70k$ in recent year.

I have an expectation that more people will buy Bitcoin, leading to a noticeable increase in buying activity. The bulls are likely to maintain a strong influence over the upward movement, maintaining a solid upward trend in the ahead as days in the cryptocurrency market space .

Yes, everyone wants to own some BTC not just investors, me to sir . However, the assumptions you convey make sense and it is best to monitor the market further while the market correction is continuing. Indeed, after the ETF was approved, it initially received a lot of praise and for now many are holding their breath looking at the prices on the market. I think reading some news about ETFs is necessary to know why today's correction like this https://www.theblock.co/post/273768/ftx-sold-nearly-1-billion-of-grayscale-spot-bitcoin-etf- shares-report. At least the rumors of declining market prices have been answered a little even though we know that correction is a normal thing too.

Not everyone have the same taste for something and in the case of Bitcoin price some might be contented with how the market price is why some won't, to me I'll appreciate the market movement only if it keep going higher but when it starts going down I can't even say Bitcoin price is doing well. At some point some people said Bitcoin is going down but I never saw that happening because from just last year alone it shows that Bitcoin is just getting started.
So why we all have how we appreciate things and like you know we're all humans that's why we want more and more that's why it seems like we don't applaud Bitcoin for the best it has gotten since last year. As an investor don't tell me you won't want more from Bitcoin.
Don't worry with time you'd see my $50k (like you called it) coming to play in no time, that's if the market price is moving in a positive direction.

I understand quite well, and Noted, I will be more refined with my word (ingrate) next time. But to me, I never see anything big deal there since I was just referring to the over-expectation of people on Bitcoin despite the fact that the coin performed well last year and the first 2 weeks of this year. I believe that investors and traders should be contented and appreciative if they actually gain and not lose even as Bitcoin almost hit the level you called with only about $1,000 deficient, which was why I used that word. As a trader and investor, I've learned how to be appreciative of the market, this has also helped me to preserve my psychology since nothing is so little, as long as it is a gain, is better than a loss. I do not want to repeat myself again, but one thing that is certain is that Bitcoin sold for over 2 years, we do not expect it to recover so fast, and if not for the ETF, we wouldn't have seen the coin crossing $33,000, not to mention hitting the year-high of $49,000+. We also do not expect it to hit the ATH in just a few months, there is time for that and patience is needed no matter how aggressively we want it to push higher. We are all expecting halving, the current ATH was hit by the effect of the last one, and in the next one, higher levels will be patiently touched even as it moves past your $50,000 soon. This might even happen before the halving, but most likely after it. Cheers!

42.2k is not far away thats about a weekly average.  If we can average above that I can believe BTC is acting positively and regaining some of the recent losses.      Otherwise I think we're drawn lower for just this moment until we resolve sellers, probably at that lower price  it swings back to favor those who wish to acquire and accumulate more then the profit taking thats been a feature since the recent high.
  It is fair to note we've come a long way, not all sellers appear at the same time now might be the first time people who bought in the teens start to sell or at least rearrange their holdings.   Generally this whole year seems likely to continue to be an opportunity to buy.

Now that institutions or government is already in into this market then it wont really be that shocking that there would really be those kind of manipulative acts on which
it would really be that normal that now they are already into this market. Expect the unexpected on which prices could really go into those movements on which the community is least expecting.
We do know that there would really be those unexpected movements which is really that totally opposite on what the market is really that showing.

As a trader or investor then you should really be that versatile because if you wont, then expect you would really be making bad decision on the time
that you would really be making out these kind of steps. This is why you should really be attentive and be wise on every steps you would be making.

You're really funny to think that anyone who expect more from Bitcoin base on price is an ingrate, you really have to work on your words brother. You don't get why I said what I said.
December expectation on the market price was high, is like you haven't been following up the movement right from September if I'm not mistaken.
December was suppose to give us something close to $50k if not $50k, so when the price started dropping that was why I said disappointing. It was suppose to follow the flow of the market price as other months have been doing.
And nobody is greedy or an ingrate like you call it, this is what we expected to happen not that we ain't cool with how the market price has been.



I agree with you that Bitcoin has been doing great but is like a step, without all these speculations and expectations I don't think we would have been pointing out the prices in every month. When they ask how much do you expect Bitcoin to be before the end of January, I believe you'd to say $60k or above, but when it doesn't get to thqt amount or higher and it start going back down to $30k it becomes disappointing because that wasn't what you was expecting from how it has been going.
We are grateful for the amount we are seeing and it should continue going higher not lower, $41k should start making a move to $45k and surpassing it, that's it.

Disappointment? How? Anyone expecting more from Bitcoin despite how much it performed last year is an ingrate. The issue is that human expectations will always be more and more, it can't be satisfied even as things progress, and what I can only relate to it is greed. From the beginning of 2023, Bitcoin started barely at $17,000 and moved higher in a few months and was able to hold at almost x2 of the price for many months after. All what I saw was mainly $40,000 on the forum which I never knew Bitcoin would even reach throughout the year. But for the ETF hype, the coin moved higher and even beat the expectations of people and almost hit $45,000 in the year.

In the second week of 2024, it reached above $49,000 which is closer to $50,000, anyone who is not greedy should have even liquidated their position if that is what they are so desired to do. Bitcoin, as far as I am concerned, was heroic last year and what we are experiencing this year is very normal. We all know that ETF made it move too much, and the market was overpriced, so it is normal that it shed some pips to ease itself before there will be the continuation of the bullish movements which I believe will hit the $50,000 easily and pass it this year. We should only be grateful that it hasn't dropped lower than its current price ($41,595) now.

predictions like that might be true, because they get the news at the beginning and buy it, the rest when the bitcoin etf is received they will sell it.
Or is this purely market demand?
I don't think it's possible for the market to do that at the moment.
still thinking whether this year btc will continue to rise every month.

I think the correction has already been made and the market condition should have been in a good state for long by now but we are seeing something different. Sometimes it's like that's how it's suppose to be for a certain number of days or months before things get back to normal and coupled with the fact that we have the halving on it's way.

because the market has been rising for quite a long time, I think we will see a correction first, after that we will see whether the market provides positive conditions for it or not.

Bitcoin price hasn't been what we expected this year and December (2023) has also given us a disappointing amount because we all expected the price to be up to $50k before getting to 2024 but still it didn't, to me it was a poor performance in the movement of Bitcoin price.
This year even got worse that it (Bitcoin price) could not surpass $45k and keep moving to the next one and stay there for long.
Of recent we saw Bitcoin moving to $47k but it didn't waste much time in getting back to $40k and now is $41k. While the price is not favorable all these while I feel is the main reason why we had that high fee rate. But as everything has come back to normal I feel the price of Bitcoin will as well be going up without coming back down, let's hope it goes that way to put a smile on traders and investors.

You are absolutely right that we should always be mindful of our returns and not look at where we are investing. in some coins we can get a good profit, but where there is a possibility of getting a good profit there is also a risk of high loss. I think at the current price we can't get as much profit from bitcoin as we can from altcoin. However, as far as I am concerned, investing in Bitcoin is very important along with altcoin, because in altcoin we invest to get more profit while in Bitcoin our capital can be more safe.

You are right that many people have become rich by investing in altcoins but you will also find many people who have lost their capital by investing in altcoin. For example, Luna and FTT tokens lost a lot of people's capital. Therefore, only altcoins should not be trusted. We must invest half of our capital in Bitcoin.

I do not deny or argue with you that bitcoin is not the best and safest currency on the market. But is it true that those who hold bitcoin are intelligent and those who invest in altcoins are stupid? Because as far as I know, many people have also become rich by investing in altcoins, some altcoins like ETH, BNB, DOGE...To me, a smart investor is someone who makes big profits in the market and it doesn't matter whether they invest in bitcoin or altcoins.

You are a bitcoin investor but if you cannot achieve better profits than altcoin investors, gold investors, real estate investors...then no one will call you smart. People only look at the results you achieve to evaluate you, but no one cares about what you are doing or thinking.