Quote from: Essential10 on January 25, 2024, 02:52:51 AM

Quote from: cryptoWODL on January 24, 2024, 10:19:33 AM

Quote from: kotajikikox on January 23, 2024, 11:11:51 AM

Look at the movement of the market now month after you posted this thread https://coinmarketcap.com/ that will show you that Bitcoin maybe acting best last december but not this near ender of January as all of the cryptocurrencies leaded by bitcoin is dumping badly.
strongly holds 40k position for the past couple of months but now suffers in huge dumping since yesterday.and also it did not cross 50k because after the Spot ETF approval the price grows up to 49k but thats it , starts to fall again.

Bitcoin price will go up and down in the crypto currency market it is a normal phenomenon I think there is nothing to be impatient about it. We saw that the price of Bitcoin surged surprisingly after the announcement of the approval of the Bitcoin Spot ETF and the price of Bitcoin reached around $49000.

Seeing the increase in the price of Bitcoin, many people thought that Bitcoin might cross 70 or 80 thousand dollars before the Bitcoin Halving but instead of increasing from there Bitcoin started to decrease. Bitcoin fell below $39000 but today the price of Bitcoin rose slightly and touched $40000.

This is a common pattern in the cryptocurrency market, where prices often fluctuate in the short-term. I have noticed that the long-term trend for Bitcoin has seen the Bitcoin price rise despite these short-term corrections. A few days ago the price started to rise before the Bitcoin ETF became available and the price of Bitcoin started to fall a day or two after the approval. I never thought Bitcoin would go above $70K before the halving. I thought if ETF approved would go above $50k but before it got there Bitcoin started to take a correction. Halving doesn't have much time left and may now make frequent short-term ups and downs. Hopefully after the halving Bitcoin will start a run to reach its ATH.

What is happening now is always normal in the market, people often fear or attribute what is not to what is happening many times even as the market will always be affected by both economic and technical factors and this happens in multiple daily, weekly and more. This week alone, many countries' data, particularly of the US that are important, even happened many times this week alone. They actually affected the Bitcoin market, but many would not understand this important news or know maybe they even broke but will be relating market conditions to something else. Regardless of that, to avoid confusion as it is not everyone that would be opportune to have this information, this is why we have to be close to our trading charts. At least, this will reveal what is really happening in the market to use in our planning, especially when we are analyzing it on the higher charts.

Fine, halving is coming now and the ETF has been approved, but after all that, what is next? That is why traders should be dynamic just as the market is dynamic since no factor affecting it now is permanent and our most beliefs about the market could be disappointed at times. This is just as you expected the ETF to have pushed to market to above $50,000 but the market is still now far below it. Therefore, guiding ourselves beyond halving and ETF prevails in my opinion in the short and long-term outlook of the market, and nothing is confusing here if you are well informed about the situation.