Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.
Because of a strong US dollar it seems that many currencies are losing value in comparison. Bitcoin was down but only slightly after the news of MicroStrategy's purchase. Bitcoin having low volatility is a positive sign. Despite bearishness in the stock market, Bitcoin has not moved much since starting the month at nearly $26k. Many people are refusing to sell due to their expectations for the halving and a potential ETF approval.
Like a normal Bitcoin winter market. As you can see we are already in sideways for months and that is also what I expected. For me our price right now is healthy, the market is healthy, no huge pump or dump, like some candlewicks. It just shows that everything is organic.
For me, the exciting part will be in the first months of the year 2024, as Bitcoin block halving will happen in year 2024.