Post
Topic
Board Speculation
Re: Will BTC go back to $40K - $30K range before a bigger rally?
by
Asuspawer09
on 02/05/2024, 17:51:58 UTC
Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Probably I was expecting at that range if the resistance break because the market price just skyrocketed in the past month and there was only few corrections that actually happened so there might be an even better deep in the coming year, we just don't know but I think it is possible even deep unto 20k$- 30k$, but probably might hold up on 40k$ since we did get a lot of money into Bitcoin when the Bitcoin ETF launches, it really trigger the market so probably it is going to hold up until the Bullrun but surely it wasn't a guaranteed thing. I mean if we are going to followed the Bitcoin Halving timeline it would still need a year before the Bullrun appear, waiting for the Bitcoin halving to take effect, so in that year a lot of things that could happened even things that we never actually experience before, probably Bitcoin could start to skyrocket early or actually drop to a very low market price, there were just too many factors that is affecting the market price so what we just need to do is hold our investment until Bullrun.