I actually think that the closing price of Bitcoin this year will be $45K or a little more than that because now Bitcoin has just reached more than $42K in today's market so the trend seems to be getting better and most people are also quite happy with this because after After being patient for a long time, we have achieved quite satisfactory results through the current price increase, although there are still many people who hold Bitcoin to wait for a more significant increase before halving.
This year's close may be around 45k but there is no correction yet. This month's ATH may give some signals but investing before the correction may cause us to make a mistake. It makes sense for me to wait for a correction to buy.
This increase in the price of Bitcoin is good news, but despite all this increase, there are still those who say that the price will fall. It's worth being a bit cautious, so setting aside some money for a purchase could be a good move.
There are those who say that the rise will continue even before the halving, but it is still necessary to keep a close eye on the market and keep our moves ready.
Price corrections are an inseparable part of the market. Prices will be corrected due to many factors, even if it is due to overbought. Of course there is always the possibility of the bitcoin price correcting, but it is never bad because I see it as rational to expect a bigger increase. Day traders certainly need to be careful, while long-term investors don't need to think about volatility too much. You just need to build your investment portfolio better with a good strategy, I mean dip and dca are good for accumulation in the long term.
Today, the price of bitcoin has broken a good resistance level, it is at $44k. Traders who sell at $40k and below certainly feel regret because in reality the dip they expected to buy back did not occur but the price actually rose to a higher level. The end of this year will be an exciting one for every holder, but you are right that there is always the possibility of a correction.
Cant agree more that this is indeed the ATH for this year 2023 on which its been a while on looking or seeing with these prices.
Now that we are fast approaching for the halving event then expect that price might climb up more but just like been said on which im already anticipating for some
correction later on. IF ever it would happen on upcoming days then i do have already the funds to make some DCA.
