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https://coinmarketcap.com/currencies/bitcoin/ showing how it grows from your time frame October 27 up to now? Bitcoin is heading to 40k as it is sitting at 37 thousand USD this time I posted.
for same reason I believe that as we approaching December there are more runs coming , expected to be at least 45k before the 2023 close the record.
what we need to talk iN December is how much are we going to lose from that period till January first .
Will people continue to buy or dump if there is a drop after the halving? I think people will sell more than continue to buy. Many people have been diligently accumulating for the past 2 years and they are waiting and have high expectations that the halving will bring them a strong price increase. But if things don't go as they expected, there will certainly be panic. Only a few will see that as an opportunity to accumulate more bitcoins.
Those who have created and accumulated Bitcoin for two years will certainly consider selling it more if what they want is a profit from increasing prices and this could also enable them to sell early before the halving occurs if the price increase continues to occur in the market. But on the one hand, I also still believe that every time there is a decline in the price of Bitcoin, there will definitely be people who want to take advantage of it even though there are many people who panic and give up their holdings in the market.
expect that to happen guys, because Like me if ever Bitcoin grows 45k this december> for sure I will consider selling my coins as I have bought majority of them when the price is at 20k level and this is a instant 100% growth.
and yes before the halving ? I will buy those again so that would make my capital double before the bull comes.
Wont really be still that easy. It would really be still involving lot of ups and downs and with a mix of sideways movement. We are now on the current condition on which we do touch up down again on 35k price point.
Good thing that we are really that still able to hold up well and if the market would really be having that some negative news around then it might push up the price even further below.
No one really knows on what would happen next and this is why making up some buy position on 35k level is a bit risky but if you are going for long term then it wont really be that an issue.This is why on every step
we do make would really be that neither be effective or not and this is something that we should really be that careful on every step and decisions we do make.
This is where profitability would really differ into each trader/investor basing up on the decisions that they are making whether they would really be holding their position
or would really be taking up risks on making those entries and would be able to profit later on when the market movement do really goes on what they had planned or anticipated.