Some people predict that Bitcoin will skyrocket next year, the effects of the skyrocketing increase in the coming year have already been seen in early January and ended this month with pretty good results, even though there was a slight market correction and we think this is reasonable, Right now the Little Bulls are still holding the market and your statement about such a significant increase next year is likely to occur.
However, there is still a long way to go, market movements are difficult to predict precisely, this is the difficult part of dealing with market movements, and perhaps this is what we will be waiting to see a skyrocketing market price increase in the next year. As an investor here, you really need analysis and strategy to examine the parts of the market, the situation and the right time to get into it.
I think the correction was there to test how it would fare against going down and sellers, and some people took out their profits from the drop. However, it has been done greatly so far and I think it is doing fine again, which is why I believe that it should be pretty mild drops if it ever happens and it is going to be pretty high levels of going up as well.
I know that is not what people are ready for, many people were too afraid and sold in panic and they want to buy more before it goes up, but if you are too late or if you sell each time it drops, you are not going to take any of the profits when it goes up. I am going to be fine because I bought as much as I could afford.
The downward correction so far is still within the line of the way the market charts are running and to be precise this is still a mild correction which is normal and common, the charts themselves have a different way of walking and some of the current corrections that have occurred are still arguably good for testing prices against selling and declines , compared between corrections and gains we think the bulls chart is still holding the market, even though it is only a small bull.
Now everyone knows that some Bitcoin users panic too much and sell it even though they will buy it at a later price decline, for those who had sold it during an uptrend and were far from the value when they bought it I think they still get profits, but for those who sell it when it goes down and try to buy it back, of course they won't take profits even when it goes up.t