Bitcoin indicators imply the bull market isn't overvalued yet

So, when bitcoin dipped below $91k, a few analysts were saying it could drop by 30%, which would put it under $70k. But the bulls have proven them wrong for now, and some experts believe this bull run still has a long way to go. I kinda agree with that, especially if we're looking at the long game. I also think this could really happen.

Fuck, you're really on fire with these threads, eh? As I said before, the thread that said that the price could fall by 30% was ignored. In this case it does sound more plausible to me because of all the institutional demand that is going to enter in 2025. The legal problem no longer exists, bitcoin is legal in most countries in the world and now the question is which are going to be the last ones (and therefore the morons) to accumulate bitcoin. Therefore I believe that on this basis 2025 looks very bullish and in this case I agree that the bull market is not overvalued.

The year before the fourth year of the cycle is always the most bullish So expect the fact that the increase this year would be nothing When compared to next year Historically speaking. This news are usually common during Bull market  I just try to neglect them and see what OG's at WO are saying about it's price and direction I prefer listening to words of those knowledgeable than individuals that may likely be a Nocoiner. I'm Bullish 2025.

There is nothing wrong with calling for a correction but a -30% correction isn’t. Something that easily happens in the bitcoin market, it takes months and some heavy fuds around the market like economic downturn before it happens at a go. Bitcoin moved over 45% in the last 30 days which was an amazing pump and correction on this is not far but as heavy as $70k fall I doubt the fall will happen with this current pump momentum.

In 2017, there was a correction from $7.4K to $5.9K, it's around 20%. In 2021, there was a correction from $38K to $32K, it's around 15%. I don't think we will go back to $70K in this and next year, Bitcoin bull season isn't just hype for few months and then back to the initial price. I'm sure Bitcoin will be steady at least in $90K.

It is true that there are no trends for the Bitcoin price to rise currently, but there is no real trend for a price correction, meaning that we still have resistance levels at 91, 89, 84 until we reach the $70,000 levels, and therefore we may stabilize at this price for the coming days until the end of December and the beginning of January, where we may see levels of $100,000 or higher.

I agree and disagree here. I disagree about the fact bitcoin will never see $70k any more. Yeah, it may do any time like even after touching $100k or $120k, we still have chances to re-test $70k or at least $80k. The only reason for backing this speculation up is, the past volatility level during the bull market. But the good thing is, the underlying trend will not disturb due to this, which means we will sharply bounce back from there for sure- toward $200k or $400k or $1M levels. Still, we are not going to see these levels on a single wave. This momentum will last longer than we could speculate, I agree but temporary phase may happen at any time as per what we have seen in previous cycles; it means bulls may opt to take a small break to breath. Even I am a core bull, I need to say these from the thorny experiences.

Literally the act of analysing and speculating the price of Bitcoin even when. The price flops is an optimism with the believe that it is a action for market correction. The positive move of Bitcoin at the current bullish market has been so over speeded that we almost hit a $100K and the mid of this month November 2024. Supposing the price was not being corrected, we may have actually encountered is disclimation of the bull-run on a long run comes 2025 when the real bull-run was supposed to come and of the acceleration of the Bitcoin price was not halted, we would had got to some worth unbelievable significant price beyond our expectations of $140K-$160K ATH on this phase of bull-run circle of event. While those analysts speculating that Bitcoin would flop to $70K were out of being overwhelmed with the current price and had observed the price of Bitcoin floating around 90K +. Some of them are out of FOMO tending to ject out of the market with the significance that the current ATH @ $99,655.50 that was achieved just last week was a testing destination of the bulls ATH. That means... There is every possibilities that the bull-run we are anticipating by the 2025 could be the event of the bull we are seeing today. Quite funny hearing some analysts saying we don't have to expect another bull-run comes 2025 because the future market price (2025 bull-run) has been drawn close to take place within the end of the year 2024 which we have just met its ATH on the rate of $99,655.50. I see this categories of analysts as FOMO analysts because when the market flops for correction, they believes there is no tendencies of the market gaining momentum to pump again. As for me, I know we are anticipating for not less than a $150K comes the anticipating bull-run ATH by 2025 so then, the current stability or fluctuation of the market is a significant of corrections over the overspending of the market price before the bull comes somewhere in 2025.

This is not always true since the speed of Bitcoin price and dump always same. Bitcoin quickly climb from 70K to almost 100K so it’s very possible to experience the same manner the opposite when people take profit. Bitcoin volatility is still there. The only difference is the trading volume now is larger compared before that’s why the movement on price is greater. But I’m optimistic that Bitcoin will continue to grow despite some correction.

30% market crashes are not impossible and they don't have anything to do with bitcoin being "overvalued" or even "bull market ending". Just look at 2017, that year is filled with such big market crashes during one of the biggest bitcoin bull runs to this day. That's just a natural market movement in a very volatile market. I also believe that it is too soon for such crashes to take place because the bull run has just begun setting new ATH records. Such big crashes usually happen when there has been a much longer and bigger rise. Like after bitcoin went from $1200 to $3000+ IIRC not after a small 30% rise from the $70k resistance. Bitcoin is still very undervalued when you think about all the adoption that we had over the past couple of years without any major rallies. The only reason we could see a crash is if the global economy starts going through a much worse recession than it already is. Which is why I've been talking about global tensions so much, a subject that is unfortunately too emotional for many users who always make it personal and about the conflict itself instead of the consequences of it on the economy...

If Bitcoin were going to drop below $90k, it probably would’ve happened already... what we’re seeing now is a recovery from the recent dip, but that was just a short correction. Based on what we’re seeing now, it’s clear the trend is still alive. Predicting isn’t exactly easy, though -- we’re mostly making educated guesses, relying on metrics like patterns from previous bull runs. I don’t think this bull run is over yet. I haven’t seen a bull run where altcoins have had their own surge alongside Bitcoin. That’s usually the peak, when the whole market feels insanely profitable. Maybe that’s coming soon, if not next month, then probably early next year. There’s no need to panic, especially with Bitcoin being backed by institutional investors. They trust Bitcoin, and that’s why ETFs already hold a significant chunk of the supply. As long as there’s no negative regulatory news, I believe the bullish trend will continue.

The call for Bitcoin to have a correction has been in people's mouths for long, due to the way they have heard the crypto analyst talk about it. So many people have missed the opportunity to invest in Bitcoin because they are relying on what analysts say, Bitcoin would experience a correction in a short time before it has its mega bull run that will hit Bitcoin to $150k at least. However, I like how Bitcoin is leaving them disappointed that the correction they thought would happen will be the bull run instead. Investing at $93k-$95k is not a bad idea, what is a bad idea is not investing at all, just because you expect Bitcoin to fall by 30%

That may or may not happen. While I also expect an altcoin season, things may not be as we expect because things are changing. During this year's bull run, we can see that bitcoin has grown a lot but many altcoins are still at the bottom. This happens because the large amount of money flowing into bitcoin is through ETFs, not flowing directly into the market like in previous years. That is why there are not many altcoins growing along with bitcoin and this has never happened before. Therefore, there are also many doubts that there will be no altcoin season. So I don't see this as a sign that the bull run is over or not.

The truth is that even in bull run, corrections do happen and there is no way of knowing how deep the correction will go. But I think that a correction of up to 30% looks a little complex and something that looks unrealistic. But from a technical point of view, such correction does not signify a change of direction and it still possible it can go that far and continue with the predominant trend. I have learnt to use the 50% as a bench mark in deciding a change of trend and I know that is what many do. That being said, bitcoin can correct to any level but as long as 50% have not been breached, we are still in bull run.

Well, what i would just say is that bitcoin may not experience any extreme corrections now as what we should be expecting are just little corrections because the bulls are very much active in the market such that even when the price is falling, there are whale investors who will buy more bitcoin to ensure the price maintains a balance, that is the reason why the price is unable to fall below $90k for quite some time now, so the market is still very much bullish regardless of the sentiments of anti bitcoin analysts because their motives of predicting the price of bitcoin to fall below 30% is just to cause tension so that some petty investors will sell out of fear but the bigger investors are not always moved by such negative comments because they know the role they are playing in the price of bitcoin. We should still expect further bullish trends because initially now, the market have been busy with so many investors trooping in, and it doesn't look like what is gonna end within a short period of time, so the analysts' price target of $146k and above can be achieved before this cycle runs out, hopefully.

I suppose so and I agree with this take if following this chart BTC could be hitting $250k - $300k by Q2 next year, I think people are undervaluing BTC so much, thinking that $100k will be the top, I think $100k is just beginning. although I might look like too much of an optimist but we'll see.

From past history of bitcoin price 30% dip is impossible at this price currently, because the bull run have just started, and it's expected that the price will dip but not too much. I also have this feelings that 100k is easy to reach and bitcoin price will increase farther to 150k. If 30% correction will take place that will be Q4 of next year and not this year because Trump will be officially the president of US by January 2025, making next year more bullish.

What do they expect, according to them, And we are still not yet in the $100k range, I'm expecting that once we get there, that's where the real FOMO starts. Meaning there will be massive buying from retail investors that will push the market to $150k. So it's too early to quantify this data, we haven't officially touch $100k, although we are close, but we don't know how the market will react, specially for retail investors, which is the majority here.

The big players are definitely focusing on Bitcoin, especially with those ETF investments coming in. But don’t forget, during a bull run, FOMO kicks in hard and that’s when altcoins get their time to shine. Even though the market has matured a bit, there will always be people looking to play and make quick gains with altcoins. As long as there are altcoins out there, even those without any real purpose like meme coins, and exchanges give them big trading volumes, you can expect pumps during the altcoin season. Usually, when Bitcoin hits a new ATH, that’s the signal for some to start spreading their investments into riskier assets. That would happen if It’s we are still following the same cycle.

i can do a simple guess that the 30% expected DIP is because if it happens, it's going to still take bitcoin to the range of $70k that bitcoin was revolving at before the bull we saw recently up to the point we currently are as it stands. even without making use of past metrics, I'm more bullish with 2025 than the expectation I had while expecting that we will experience a bull immediately after the bitcoin halving. there is sentiment on big players that might come into the bitcoin ecosystem in 2025 and a lot of the indicators proves that regardless of the slight correction we might experience here and there in the current year, the coming year will still be more bullish for bitcoin and her holders.