Topic: What did you think will happen to Bitcoin before January? (Read 1306 times)

So here's some hot news.

China Has Quietly Flipped On Crypto Amid Huge $1.6 Trillion Bitcoin, Ethereum, XRP And Solana Price Surge  Source
Chinese central bank urges the world to jointly regulate crypto Source

Now it seems that China is joining back again in the ball game. Lets see on how far this market will shoot up to the moon.  
It do seems that we do have a nice 2024 when everything would really be that joining up this market again. Golden bullrun possibility? Yes most likely
but it would really be that hard to make out assumptions yet we arent just over of this 2023 but well who knows right?

This is just a possibility that is still uncertain, because it would also be very reasonable if we did not assume that every condition and trend would always be the same, especially with the conditions that have passed over the past three years. A price correction could indeed be possible before the halving, but it will not be like a big fall because the impulse of buying demand is still quite large in Bitcoin so far so it could have little influence on the level of price fall before the halving next year.

December will soon be over and the new year will start. It seems to me that the price may stay above 40k until January. But as for halving, it's hard to guess what might happen in the next four months. I think there will be a collapse before the halving, as it happened in 2020. As you said, sometimes unexpected things happen that affect the market.

The "stop-limit" you didn't even care to mention the price? You might want to add that to this to make this post more appreciatable. But as for me, I still see Bitcoin moving lower for now and would probably breach the psychological level of $40,000 lower and try to continue the bullish movements till January 2024. However, no one should rush to decide anything now because there are two important events that will shape the sentiment of Bitcoin in 2024. The first one is the ETF fillings, by January 10, we will know the fate of the much-anticipated ruling if the SEC approves or rejects it. For this, if they approve it, Bitcoin might continue to buy, yet I expect a limited bullish movement because it has done most of the bullish movements even when it hasn't been approved, but just for the rumours and the headlines. But if rejected, there is no way Bitcoin will not drop massively and try to shed most of the value gained due to the reaction to the news.

While the other part is Bitcoin halving itself, the post-effect of the halving matters so much and might quickly cancel any disapproval effect of ETF. After all, the ETF issue itself are being overrated by the media and those who have a strong influence on other people in the crypto space, not that it has so much value to add to Bitcoin itself.

Already in recent time there has been a slight inflation of Bitcoin but recent times there have been a gradual correction in price of Bitcoin which after which will take a gradual move in the upwards direction because there will be many reactions in the market by January due to the anticipated halving that will be coming up next year. This is an opportunity to take advantage of the current market price and invest while hoping to profit in the anticipated surg in price by next year or the following Year.

However, there are no definite predictions or valid analyzes that can be responsible for certain market conditions in the future, all market patterns can change when hit by unexpected news and the market can also increase significantly when positive news is published in market conditions that are recovering. so we don't yet know what the market position will be like in the future, but with the current market conditions we can be sure that the market will achieve the highest price recovery until the halving period or Q1 period, the halving period is the expected support for reaching the highest market price.

Exactly the  point i try to portray everytime whenever I see someone highlighting very vividly his insight on the price of Bitcoin. With my little time here around the crypto space I have to the little understanding that Bitcoin price is not something that anyone is certain about and they is no guarantee as what we all do is merely just speculation on the price and the actual price that it might reach.

Before January meaning it is December right?  but we are in December now and bitcoin increases more than what the value when you created this thread so are we expecting that price will drop badly next  week or next?

I doubt that any of your thoughts are valid nor will happen because I can see that market will continue showing strength till January or even until  February .

Of course, there will be always the increase and decrease of the Bitcoin price. We all know that Bitcoin price is volatile, it always fluctuates every time.
Everyone can predict the price although it is just speculation only. But surely to make a proper prediction, we need good knowledge. Predicting the price without good analysis, is just like guessing nonsense.

The current price is above $41k, it increases gradually to $42k-$43 again. I think the price of Bitcoin will try to pass $45k before January. Sure, it is possible to reach $48k although I'm not really sure of it. I just hope that Bitcoin price won't drop again below $40k at the end of this month. 

Indeed!

There's no way on knowing on what the future looks like and this is why if you do believe something that could possibly happen then it would your choice on making out some immediate step on which
i couldnt really be able to blame out people on what are the things that they would gonna do. We do have our own methods and ways on how we would be handling ourselves into this market.
There's no way that we could be able to tell on what would gonna happen in the future on which it would really be just that right that you should be prepared for whatever things that might happen into that
positioning that you had made out.

Always expect for the worst that could possibly happen on point because there's no way that we can be able to tell on what would happen ahead.
Just like you said that this market is random and could behave randomly. So its really not something that you can make out some conclusions.

Increase and decrease can happen all the time in Bitcoin's price and we cannot predict that once it reach to higher value will not come again to lower but we aquire knowledge that these inappriciable shift in price are momentary. Although it is facing slight dip like 41k$ but Before 2024 bitcoin attained the higher value of 44k$ which increases the number of investors of bitcoin.

Now we are just making assumptions because it is guaranteed fact that upto halving period bitcoin will sometimes go through decreasing phase and sometimes it will slide via enhancement phase. May be it reaches to the value of 48k$ till end of December because we are much closer towards halving.

Yesterday could be latest correction for bitcoin before raising above $50k and seems next year bitcoin will raise to higher price, after raising $44k bitcoin get enough correction until dropped to $40k but potential before January price will raise around $50k. Usually correction is natural with bitcoin after raising higher price and keep stable for several weeks, but not get bigger effort with this time correction and bitcoin success return to higher price again few days later after correction moment.

Probably after correction will have moment for bitcoin raise more than latest higher price, seems before end this year bitcoin get chance with new higher price for 2023 year around $50k to $55k if not get bad news close with Christmas day.

I believe a correction, that too a healthy one, is imminent and we are going to witness that very soon. I know that the price went up to $44.7k and came back down to $41k, but that isn't a healthy correction as it dropped slowly and is recovering again, by a healthy correction I mean that it will almost get back to $35k or around that, might even go lower, and it will then start rallying up once the halving event is done and more investors will start pouring in.

I think a correction of that nature is more important for Bitcoin's overall growth because most retail investors will only start onboarding if they get a better price, a very large percentage of investors are holding their funds and waiting thinking that the price is too expensive right now and they will buy when it gets lower.

Inflation you think? I think it would have happened before getting into November but I think is not going to happen anytime soon, maybe late February. I don't think the depreciation is going to happen next year,let's see how the coming weeks well look like.

Now that the price had made out some drops on $2-3k but people do really freak out that it is really like that we are really that dropping that like on -10k which it isnt really that shocking for people to have this kind of impression on which they are really that anticipating that things might gotten more worst but on the time that we do realize that these corrections are healthy ones then people wont really be that
freaking out whenever the market would really be behaving on this way. If you've been here sitting and dealing up with this market for a while now then you wouldnt really be able to find yourself
that highly impulsive when it comes to things that do happen.

If we do speak about on future events then there's no man into this world would really be able to tell you on what would gonna happen and this is why we do really make out those
speculations and guesses that we can do here on this space. We should bare in mind that it might really be looking fine on what we are seeing tha
but really lets assume that things turns out to be that come salty at some point and on point.

The current market correction conditions do not match expectations because there is a very high drop, concerns about the current market case could trigger a decline below $35k because the market has corrected 6% for today and the next correction will come, I am not speculating negatively for a market correction but we have given the opportunity to increase the portfolio in market conditions where there is resistance. I remain optimistic in the initial prediction that the market will reach $50k in the era waiting for the halving or after the halving but I can confirm that 2024 will be the return to glory of the crypto market.

Bitcoin has been of a success from the second quarter of this year and all analysis at this period of the ending of the year to January next year and with how the price has performed currently it will definitely indicate a good price rise for bitcoin in the start of next year. We know for a certain nobody can actually say what will happen to the price of bitcoin as the new year would start if the bullrun will take off before the expected months or after, however, it doesn't mean that a fall can't happen and if it does happen it wouldn't be a significant fall based on how close within we are for the bullrun.

We can expect good rise in the price of bitcoin in connection with the halving. However nothing is assured. For now the price increase is good and it is around $44k. Some form of price correction can be expected which might take the price down to $40k and from there once again we can expect the market to bounce and cross the $50k barrier by January.

It is possible that the price of Bitcoin next year will rise because in 2024, the Bitcoin halving will occur on April 14, 2024, at 01:09 UTC. At that time, Bitcoin will be increasingly difficult to mine, so the price will become very expensive. Before that happens, it is better to buy several Bitcoins or altcoins that have the potential to follow Bitcoin price movements.

Nobody knows exactly what will happen to the price of bitcoin next year so I believe that instead of the price of bitcoin to be decrease the price of bitcoin will increase to a point that it will be unexpected from my areas of understanding of the bullrun come 2024, so from my understanding concerning bitcoin price, I believe that the price of bitcoin will get more accelerated.