Where do you think we go from here?

SO here is a prediction that I would like to put on the record. Its just my opinion and not a financial advise so don't get too excited. I was expecting a reasonable 30-50% price correction for BTC and Alts between now and lets say 8 weeks. It would have been nice and healthy for the market to do so without a huge shock to the investors emotional state and I pray it still happens.

Unfortunately the prices are going ape shit and things might escalate from here. IF they do, BTC is going to around 50k, give or take few grand in next 8 weeks, based on the unreasonable mania that is starting to hit the crypto space. Alts will have what feels like an Alts season and have like we already see 20-50% price increases daily depending on a coin. It will feel like there is no stopping it and nothing but ATH for everyone are just weeks and months away.

Despite that feeling we will come down hard in next few months if things continue like they have been recently. Now that the market is starting to go ape shit and thinking we are on the way to ATHs sooner then before, I revise my prediction from reasonable dip and say we will have a larger correction of 50% BTC and 70% for Alts as a result of the silliness we are witnessing already. Despite the believe that ETFs will change everything, they won't over night and definitely not in first few months of 2024. My only hope from here is that the Holiday Season will slow things down and give us the more reasonable dip I'm hoping for, but if not, the pain is on its way and people will loose their shit.

After the dust clears we will have a great bull run continuation but the effects of the dip will leave a mark and some with PTSD.

Edit: Since many of you say 30-50% is a crazy large dip for BTC on the way up to new ATHs and it can't happen because of some Retracement Fib that you see on your Technical Analysis lets take a closer look at history.

Here are examples of corrections that prove I know what I'm talking about. All of those are only on the way up so none included declines into crypto winter that tend to be 50% plus all the way down and do not include the many others between 15-25%.

Mar 10, 2015 - 28.3%

July 12, 2015 - 37.5%

Nov 4, 2015 - 41.5%

Jun 18, 2016 - 39.1%

Jan 5, 2017 - 37.9%

Mar 10, 2017 - 34.5%

Jun 12, 2017 - 41.5%

Sep 1, 2017 - 40.1%

Nov 8, 2017 - 30.5%

Jun 26, 2019 - 53.6%

Feb 13, 2020 - 63.4% Pandemic

Jan 8, 2021 - 32.1%

Apr 14, 2021 - 55.9%

So notice how much they like to happen in first 4 months of the year especially in Jan and March. Sometimes even two times in that 4 month period like Jan and Mar of 2017 and Jan and Apr of 2021. Also notice if they happen regularly like quarterly they tend do be no more then 40% but if they have longer period they tend to be over 50%. The last one of such magnitude was on the way to ATH in 2021 bull market. We have not had any of them as of yet in this bull run and with BTC price currently at 65% of previous ATH we are now overdue for one and that one would be 30% to over 50% right on schedule. None of them stop or derail the bull runs, they just rebalance the shorts and longs and shake out the weak hands as they supposed to, so they are considered healthy.

Also if BTC has a 50% dip the Alts tend to have 70% plus dip. Just check out the Jun 26th in 2019, BTC wend down 53% and ETH, ADA, Link and the rest dipped over 70%. That is why the 50-70% dip projection the longer we go without one. BTC is going down minimum to 31k no matter how high it gets in price from this point on. That means it will take 30% now or much higher later, depending on the price BTC gets before the hit.