Quote from: CageMabok on November 21, 2023, 01:16:19 PM

Quote from: slashz9 on November 21, 2023, 09:25:07 AM

BTC will still experience sideways at least until the end of this year, we have seen an increase since October and November. Most likely in December there will be a fairly deep correction, then at the beginning of the year it will slowly rise again. At least that is the picture I can give for now.

This picture is still uncertain even though there are some people who are starting to speculate like that on Bitcoin prices at the end of this year. Actually, I also still believe in Bitcoin's price correction in December, but I don't imagine that the correction will be too deep for Bitcoin because as long as there are still many people who want to hold Bitcoin at the corrected price, I think the level of correction will not be too deep and not will take too long on Bitcoin.

I expected the correction as well, but no more, it seems we are in a full bullish season and Bitcoin might continue to rise higher without any meaningful bearish movements. The truth is that Bitcoin is a very promising asset at this time, everyone is trying to own their bit of the coin and, the fact we are very close to the halving season where much of a post-halving effects could cause people to multiply their return on investment, die-hard investors are buying Bitcoin and are not moving out their money to avoid missing out such as it happened to many in the past. People are ready to commit their money to Bitcoin and not look back for the next 1 year, and because of this, Bitcoin will not make a tangible bearish movement. It may try to sell at times to adjust itself based on what its fundamental and technical analyses are saying, but in the end, such movements will never be sizable just as we have seen since October.

Also, technically, the coin has established a third consecutive bullish candlesticks on the monthly chart and a reason that is making it to even be more higher in price today, which is the chart of the month of December. I can't but be doubting in my former analysis that Bitcoin would not hit $40,000 again this year. This is increasingly getting more possible day by day and I believe that the coin could still hit an unexpectedly higher level this year. Who knows what this could cause negatively for the halving of 2024.