A Deep or Correction?

[Stuart]

Bitcoin is everywhere now. Everyone is talking about it. In the last cycle, El Salvador was talking about BTC. Now it is USA and Russia. It is another level of engagement.

And what happens if Trump is back on his game of forgetting his promises?
Remember how the markets created just a few days ago when he said that bringing grocery prices back down is hard to do, he isn't even president yet, and suddenly from saying he will do that and this he is already backtracking on it saying it's hard and stuff and we need to deal with it.

If he forgets about the reserve or starts coming up with excuses we will see bear season, all this hype right now runs on this, plug the cord and we're back in days at 60 levels if we're lucky.

This is a point that I am being skeptical about, cause politicians can use words to get what they want from the populace. Though, the expectation of positive message to the entire public and crypto community is on a very high level, coupled with his selection of those working with him in office, the Sec and Musk who is also a big crypto supporter.

If he forgets about his promise to the crypto industry, the market will face a bear market that might linger a while.

[Stuart]

For me, I don't consider $108k as the highest price for Bitcoin in this cycle, I'm almost sure it will reach at least $120-150 and it could reach $180k at the peak at the end of next year.

Not sure about the $180k, it might be a bit too optimistic given how much money would need to flow into the market to achieve that, but $120k is a very realistic expectation. I think we'll get there without problems within next few months unless the global recession creeps in before that happens, in which case I think Bitcoin would enter the bear market together with most of the traditional stocks.

Seeing the crypto market is highly volatile and the speculations goes out of control when big bodies or investors comes/speaks about something good related to crypto, we see good price movement, mostly in Bitcoin, then altcoins follows. I will say the possibility of Bitcoin reaching $150 - $180 can be obtainable on or before the year 2025 ends, if and only if the speech from the inauguration ceremony appears to favour crypto currency. The inauguration will be the first thing that will determine the market for this 2025, either it will be a bear, consolidation or bull.

[Aanuoluwatofunmi]

We have to be more careful form the way of the market behavior and pattern these day, most especially on bitcoin, because there have been both the sentiment on with that for the support level as well, whereby you discover the resistant altogether, it may be somehow difficult to determine which patter we are going for or where it is la ding at except we research to speculate thoroughly.

[Stuart]

We have to be more careful form the way of the market behavior and pattern these day, most especially on bitcoin, because there have been both the sentiment on with that for the support level as well, whereby you discover the resistant altogether, it may be somehow difficult to determine which patter we are going for or where it is la ding at except we research to speculate thoroughly.

News as we know can be a great factor that determines the price direction and movement. Though, using and following the market trend by candle/chart can also be helpful in protecting our portfolio as well.

On the current market situation, we can only try to manage the risk of losing everything, than letting the trend go bye. Crypto market from time has never had a very good looking view for investors or traders, but rather the trend at which the market goes is what everyone flow with.

I guess it's only in digital trading where everyone flows with the current and not against it. 

[milewilda]

We have to be more careful form the way of the market behavior and pattern these day, most especially on bitcoin, because there have been both the sentiment on with that for the support level as well, whereby you discover the resistant altogether, it may be somehow difficult to determine which patter we are going for or where it is la ding at except we research to speculate thoroughly.

It was never been predictable in the first place on which you would really be that needing up to consider those moments or times on which the price isnt really that getting in line with any sentiments around on which at the moment that you've been that going with those FA but ending up on having that opposite direction or outcome then its not really that shocking anymore. It will be that depending basing up on the actions that you will really be doing. The hardest part on doing such action is on how you will be that making up some position specially on a consolidating kind of market on which you cant be able to tell on where it will be that going. Therefore, it will incur up some loses and thats relly normal.

[UNIVERSE]

Seeing the crypto market is highly volatile and the speculations goes out of control when big bodies or investors comes/speaks about something good related to crypto, we see good price movement, mostly in Bitcoin, then altcoins follows. I will say the possibility of Bitcoin reaching $150 - $180 can be obtainable on or before the year 2025 ends, if and only if the speech from the inauguration ceremony appears to favour crypto currency. The inauguration will be the first thing that will determine the market for this 2025, either it will be a bear, consolidation or bull.

Nice to see many prediction of Bitcoin to cross $150k. However, we don't forget that Bitcoin may be in the high price already. It hits a new ATH several times, I am sure it may be nearing the peak price now. The inauguration of Trump and the news of big players that buy again Bitcoin, can be good signs. But we don't forget that it is not only the sign of possible price increase. There are many other factors that can influence the price growth of Bitcoin.

[pawel7777]

According to the past cycles, we still have a very long time of bull market before reaching the peak. Some say the price should be on an uptrend till 2026 but I personally doubt that. I expect to see the peak before June this year.

[rdluffy]

According to the past cycles, we still have a very long time of bull market before reaching the peak. Some say the price should be on an uptrend till 2026 but I personally doubt that. I expect to see the peak before June this year.

In my opinion, looking at the current scenario, I think this cycle could be guided by good news regarding Trump's administration, incentives or not for crypto regulation in the United States, general data on the American economy, ETFs and the possible reserves of countries

As long as these narratives remain bullish, the market remains very optimistic, and it's totally possible to have a peak in June for example

[milewilda]

According to the past cycles, we still have a very long time of bull market before reaching the peak. Some say the price should be on an uptrend till 2026 but I personally doubt that. I expect to see the peak before June this year.

In my opinion, looking at the current scenario, I think this cycle could be guided by good news regarding Trump's administration, incentives or not for crypto regulation in the United States, general data on the American economy, ETFs and the possible reserves of countries

As long as these narratives remain bullish, the market remains very optimistic, and it's totally possible to have a peak in June for example

Nah, im not really buying too much about these kind of sentiments on which considering these things will really be making up some sudden u-turns on which everyone be leaving behind or totally these kind of unexpected moments on which they might look bullish at first but ending up on having those changes just because there's something behind into their ideals on which where they do know that they could benefit out. Somehow when it comes on trying out to make some advantage when it comes to sentiments then there's no doubt that it is indeed bullish but just like on the traditional ways and methods then im not really that confident that much when it comes into this aspect on which i do always have those feels that there's something behind with this.

[MUGNIA]

The bear market has not yet started, this is just a price correction based on my speculation we are still going to experience some bullish momentum to above $110k further before the price will go bearish and could go down to $80k. If the bearish movement start fully, we could even see Bitcoin come down to $75k and that's not going to be this year.

when entering the first week of 2025 there are no signs of a significant increase like the previous month at the end of 2024, I think bitcoin is still in a correction period not deep because there is still an increase in the middle of the week, the Christmas and New Year holidays are over soon the market will move up again before the bullrun ends be optimistic take the profit that is thought to be right in the calculations and targets

[rdluffy]

And suddenly, in a very short time, many are pessimistic again hahaha, how quickly that changes
How many lettuce hands

The US DOJ has been authorized to sell BTC: https://cryptobriefing.com/doj-silk-road-bitcoin-sale/
And it's just over 6 billion dollars, it could generate a bearish movement similar to when Germany sold BTC

Many saying that BTC will fall 

[kulkhan]

We have to be more careful form the way of the market behavior and pattern these day, most especially on bitcoin, because there have been both the sentiment on with that for the support level as well, whereby you discover the resistant altogether, it may be somehow difficult to determine which patter we are going for or where it is la ding at except we research to speculate thoroughly.

Yes we have to more careful about Bitcoi Price. Because any time we can see big dump.we know after every big pump big dump happen. So we have to more careful about it. But i strongly believe within short time market will pump. And gradually Bitcoin price will go avabe $100k Again. And i think within this year Bitcoin price will hit minimum! $150k.

[pawel7777]

We have an interesting situation where Fear and Greed is approaching the Fear zone:

I think that's pretty unusual to see in a market where the trend is still bullish.
On one hand, it could be seen as a positive side, as this means that there's a lot of room for growth, i.e. when investors calm down and their mood changes. On the other hand, it shows the market is very fragile and skittish.

[LogitechMouse]

We have an interesting situation where Fear and Greed is approaching the Fear zone:

I think that's pretty unusual to see in a market where the trend is still bullish.
On one hand, it could be seen as a positive side, as this means that there's a lot of room for growth, i.e. when investors calm down and their mood changes. On the other hand, it shows the market is very fragile and skittish.

That will change in the 20th I believe.
It's either Bitcoin will pump in price, and many will be greedy, or it will dump, and that index will continue to be on the fear side.

I've said in the past that I don't want the price of Bitcoin to pump just because of a single person, but with what happened last November, it seems like it's the case already. Why I said 20th? Aside from the inauguration, I believe that Trump saying Bitcoin as a "strategic reserve" of the US might have an impact towards the price. If he says something, that might be a bullish sentiment for some hence, price will increase and vice-versa.

That "fear" is only for the short term I believe, and it might change a few days from now.

[jeraldskie11]

We have an interesting situation where Fear and Greed is approaching the Fear zone:

I think that's pretty unusual to see in a market where the trend is still bullish.
On one hand, it could be seen as a positive side, as this means that there's a lot of room for growth, i.e. when investors calm down and their mood changes. On the other hand, it shows the market is very fragile and skittish.

We are currently in the bullish market but this doesn't mean the price won't go down. There are always a retracement or a correction whatever sentiment in the market we are in now. Sometimes, we just didn't see it because we are looking at the higher time frame but if zoomed in to the lower time frame, we clearly see that there's a retracement. I don't know if it's just me who noticed that when Fear and Greed Index is below 50 it indicates that the sellers are in-control and if it's above 50, buyer's are in-control. If we go back to the previous halving, probably there's also a time that the Fear and Greed Index went below 50 because of the deep retracement. So for me, what's happening in the market right now is not new.