Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Will it Hold? BTC Targets $40,000
by
Baofeng
on 22/11/2023, 23:00:04 UTC
⭐ Merited by cryptomaniac_xxx (1)
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.

Yeah, speculation at the end of the year is around $40k-$50k. And it seems that we are in target, current price is $37k, so just 3k of the initial target and I think is can be done. The market is already bullish in the last quarter of the year, it started in September and then October we had a good bump on the price.

So I don't see any correction, although it is still possible. Just like we have the news on Binance and CZ debacle on SEC, however, the market didn't move negatively although that is a huge news for crypto as CZ's Binance is the top exchange right now.

Perhaps investors knows that it's better not to sell and just continue to HODL and simply accumulate as we are nearing the block halving.