Bitcoin Price, Where Next - page 6. | Bitcointalksearch.org

Lucius

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Quote from: mk4 on June 19, 2023, 11:53:18 AM

Only partly true — this is different because it's BlackRock — the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied.

As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure.

Didn't Fidelity try the same thing a few years ago? If we look at data from the end of 2022, Fidelity has as many as $10 + trillion assets under management, while BlackRock has only $8.59 trillion. I agree that BlackRock has probably the best chance of being the first to launch the ETF spot, although there has been news that Fidelity will also enter the race, with its spot ETF and with the offer to take over Grayscale.

I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.

flyingcarpet

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Quote from: Wiwo on June 19, 2023, 09:46:36 AM

It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

We can have a mini bull before halving. The price starts to rise and then continues horizontally. This is my most optimistic guess as we don't know what the market news will be like. We may also experience a big bull before halving. The common point that we should focus on in all possibilities is this; we need to have bitcoin in our wallet or we will monitor the increase remotely.

mk4

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Quote from: YUriy1991 on June 19, 2023, 12:03:24 PM

I think Bitcoin's medium-term trajectory cannot be solely determined by the approval or disapproval of a Bitcoin ETF. While ETF decisions can impact the market, we all know there are other factors that contribute to Bitcoin's price movement and that the market reaction to news and rumors can often be unrecognizable. predictable, and not always a direct cause-and-effect relationship between ETF decisions and price fluctuations.

Bitcoin's short-mid term is mostly due to news like this, while long-term is mostly based on general demand — with all broader things considered.

And obviously I didn't state that the ETF decision is solely what's going to move the market.

Sebas.tian

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I think, the price of Bitcoin will still decrease more than $20,000 before the end of next month to allow those that missed the opportunity early this year to use the opportunity to buy and hold before the price will increase higher. Based on what is happening in the crypto market from the beginning of this year 2023, showed that there will be massive pumping that will make holders celebrate and dance away with their losses before the end of this year. I don't think, what happened last year 2022 will happen in this current year because there are some signs that is giving investors joy that bullish season is very near.

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Quote from: Baofeng on June 19, 2023, 06:51:01 PM

Quote from: Wiwo on June 19, 2023, 09:46:36 AM

It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

The last quarter will be interesting though, so short term for me, yeah could boring, but when we enter on what we call the "ber" months, fro September-December, we might see some growth along the way and it could push the price to highs of like $35k-$40k or even higher. And we all know that there will be a lot of FOMO at the end of the year, as we all know that bitcoin halving is 2024. And that's what the mindset of some, it's just like beating the red light and buying at a high price instead of doing DCA and buy at the current price that we have as it is still cheap.

I know people are looking forward to the halving, and history proves it. But this year, we have some changes, we have never experienced a halving event in a crisis economy and severe inflation like today. So I think apart from the halving factor, we need to look at the macroeconomic factors as they also play a huge role in the development of the market. To me, as long as the world economy doesn't make any progress, it's hard to expect a bull market even after the halving happens.

Fundamentals Of

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The most bullish of bull runs are the ones that happen many months, even more than a year, after the halving. That is when the scarcity of new Bitcoin will be fully felt by the market. The supply can't anymore keep up with the demand. So for 2023, I don't expect a huge price change whether up or down. That's unless there is a really big thing to happen that would shake the entire market up. Without that, I think the price will continue to move sideways within the $20,000 and $30,000 level.

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Quote from: Baofeng on June 19, 2023, 06:51:01 PM

The last quarter will be interesting though, so short term for me, yeah could boring, but when we enter on what we call the "ber" months, fro September-December, we might see some growth along the way and it could push the price to highs of like $35k-$40k or even higher. And we all know that there will be a lot of FOMO at the end of the year, as we all know that bitcoin halving is 2024. And that's what the mindset of some, it's just like beating the red light and buying at a high price instead of doing DCA and buy at the current price that we have as it is still cheap.

It will always happen, we will see a significant rise as FOMO sets in by many investors who start getting in and don't want to miss the 2024 Halving Hype that will happen.

Though now is the right time to start DCA, May-June had a stronger drop but now it is still in the $26k+ price area.

Let's look at the Bitcoin Monthly Return table again. In the last 2 years, September-December has experienced more declines,
but in July and October, there was a slight increase and maybe this will be a trigger for Bitcoin to reach the $ 30k + price area so that ahead of the Halving the bull run market will be maximized.

Baofeng

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Quote from: Wiwo on June 19, 2023, 09:46:36 AM

It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

The last quarter will be interesting though, so short term for me, yeah could boring, but when we enter on what we call the "ber" months, fro September-December, we might see some growth along the way and it could push the price to highs of like $35k-$40k or even higher. And we all know that there will be a lot of FOMO at the end of the year, as we all know that bitcoin halving is 2024. And that's what the mindset of some, it's just like beating the red light and buying at a high price instead of doing DCA and buy at the current price that we have as it is still cheap.

Wiwo

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Quote from: GeorgeJohn on June 19, 2023, 05:12:13 PM

Quote from: Wiwo on June 19, 2023, 05:02:14 PM

GeorgeJohn long time, I agree with this your market speculation considering the way the market has reacted in the past few months of the year 2023 with a marginal market movement in both directions both ups and down the price of bitcoin have really reacted more stably and slowly despite the dip that faced the market in the previous year 2022.

There has been a lot of anticipation against the price of Bitcoin in the coming year since Bitcoin halves is also around that time and the reduction in the block rewards will really increase the value since there will be scarcity in the supply going forward from after 2024 halving.

Actually all our suggestions is assumptions and I believe that it mighty reach tomorrow cryptocurrency market changes to good instead of working on the capacity of my predictions or suggestions in the market, I know quite well that cryptocurrency market changes because of information that come across neither negative or positive information it always work on information in a particular region.

I agree with you on the fact that speculation is based on individual assumptions and bitcoin have the capacity to make any price a reality within a short period of time and this is why Bitcoin price is not predictable because Bitcoin proved time without number of capacity to make a new price stamp that could change the direction of our speculations in any minute, hours or days.

But all the same, with the assumption, comes a clue as to where and which direction to be looking out for in the coming days, weeks and months even though we can't accurately state the obvious reality.

GeorgeJohn

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Quote from: Wiwo on June 19, 2023, 05:02:14 PM

GeorgeJohn long time, I agree with this your market speculation considering the way the market has reacted in the past few months of the year 2023 with a marginal market movement in both directions both ups and down the price of bitcoin have really reacted more stably and slowly despite the dip that faced the market in the previous year 2022.

There has been a lot of anticipation against the price of Bitcoin in the coming year since Bitcoin halves is also around that time and the reduction in the block rewards will really increase the value since there will be scarcity in the supply going forward from after 2024 halving.

Actually all our suggestions is assumptions and I believe that it mighty reach tomorrow cryptocurrency market changes to good instead of working on the capacity of my predictions or suggestions in the market, I know quite well that cryptocurrency market changes because of information that come across neither negative or positive information it always work on information in a particular region.

Wiwo

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Quote from: GeorgeJohn on June 19, 2023, 03:43:32 PM

Quote from: pooya87 on June 19, 2023, 10:17:07 AM

From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

From my perspective I'm seeing bitcoin like some that will continue rising with small margin and falling with same margin until this year runs out, I believe that we will experience a significant excitement in 2024, because this year market is fluctuating it never be a constant acceleration the way I'm seeing this year market in cryptocurrency.

GeorgeJohn long time, I agree with this your market speculation considering the way the market has reacted in the past few months of the year 2023 with a marginal market movement in both directions both ups and down the price of bitcoin have really reacted more stably and slowly despite the dip that faced the market in the previous year 2022.

There has been a lot of anticipation against the price of Bitcoin in the coming year since Bitcoin halves is also around that time and the reduction in the block rewards will really increase the value since there will be scarcity in the supply going forward from after 2024 halving.

coolcoinz

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Quote from: Wiwo on June 19, 2023, 09:46:36 AM

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out

If we're talking about about lows, what do you consider to be a low price?
Are these lows sub 15k? Only some youtube speculators still wait for it to happen.
Are these lows sub 20k? With enough bad news that's still possible, but not very likely.
Are these lows between 20 and 23k? That's more likely, but not concerning.

I don't care about the short term, and the future in 2024 looks bright. If blackrock's ETH gets approved in the next 3 months we might go to 40k in an instant. I don't expect new highs before the halving, but I'm sure we'll be at much higher prices at this time next year.

GeorgeJohn

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Quote from: pooya87 on June 19, 2023, 10:17:07 AM

From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

From my perspective I'm seeing bitcoin like some that will continue rising with small margin and falling with same margin until this year runs out, I believe that we will experience a significant excitement in 2024, because this year market is fluctuating it never be a constant acceleration the way I'm seeing this year market in cryptocurrency.

Wiwo

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Quote from: Agbe on June 19, 2023, 10:49:04 AM

There is a bitcoin price game going on here https://bitcointalksearch.org/topic/sinbadio-mixer-june-bitcoin-price-prediction-challenge-5455180 which you can see some different predictions. As for now, the price is some how stable in between 25k$ to 26k$ but before the end of the year we might see the increase of price to something like 35k$ to 40k$ before the halving and the bull then after the bull the price will be a little bit down for like 3 months and rise again.

Ok thank you for pointing me to that thread I have not taken notice of the prediction going on there but indeed upon a closer look at the thread I discovered that it is a bit different from what a Bitcoin speculation or analysis is.

In your price prediction and markets analysis, you made an accurate speculation and also analyze the happening in and before the halving, I am sure a lot of other speculators will predict a bull run after the bitcoin halving but also there is a possibility that the bull run may likely also come before the bitcoin halving event because we have a hard history of bull run few months before having.

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Quote from: Wiwo on June 19, 2023, 09:46:36 AM

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

If we pay attention to the current state of the market, which is still very positive, Bitcoin continues to show strength and managed to pass through the mid-range level without experiencing a pullback. The uptrend that occurred today I think can continue until it reaches around 29.5k, where there is a gap on the CME chart. Well, after reaching that level, it is likely that there will be a decline in the short term. But interestingly, there are currently two groups of traders who differ in their actions towards Bitcoin. Retail traders tend to position themselves to sell (short) Bitcoin, while large traders accumulate more Bitcoin (BTC).

Quote from: mk4 on June 19, 2023, 10:14:12 AM

I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

I think Bitcoin's medium-term trajectory cannot be solely determined by the approval or disapproval of a Bitcoin ETF. While ETF decisions can impact the market, we all know there are other factors that contribute to Bitcoin's price movement and that the market reaction to news and rumors can often be unrecognizable. predictable, and not always a direct cause-and-effect relationship between ETF decisions and price fluctuations.

Falconer

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It might be boring to say that sideways are the most likely during June and July, but I hope August shows something positive. Yes I expect a recovery around August to the end of the year, so the price will probably be above $30k in August.

Price swings are still very likely over the course of 2023, but I'm less likely to expect a big dump to hit the market. The SEC and a few other issues have had a negative impact on the market, but if the market is supported by institutional investors and a lot of large companies, then perhaps much more bullishness can be expected. I expect a lot of positives in the second half of 2023 especially when we are so close to the halving.

mk4

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Quote from: Lucius on June 19, 2023, 10:51:30 AM

I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.

Only partly true — this is different because it's BlackRock — the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied.

As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure.

Nrcewker

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The price will completely depend on the market news and the people’s reaction to it. If we hear more negative news like the lawsuits against Binance and Coinbase, then definitely the price will go down more further, but if nothing comes up, then slowly the price will go up. Moreover the price of the coin can only cross 50k usd if more people buy more amount of Bitcoins and hence increase the demand to accumulate the Bitcoins. Let’s hope for the best.

michellee

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I'm still waiting for the movement of Bitcoin while still buying Bitcoin at this time because the price is still low. I'm sure other investors will do the same as me because this is a great opportunity to accumulate more Bitcoins.

We don't want to miss the moment to get big profits again before or after the halving. We may still see the price of Bitcoin like this or maybe there will be an up and down movement that can make many unprepared people panic. So we have to anticipate not to panic and be able to buy Bitcoin at the right time.

Current market conditions look stagnant or sideways but it could be that in the next month, the new Bitcoin price will start to increase and return to the price of $ 30k. But whatever happens later, we should stay alert to use every moment for ourselves.

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Quote from: Poker Player on June 19, 2023, 10:02:36 AM

What I think is that the price is going to continue to be boring, more or less the same, with small ups and downs until we have a rise to like $50K, like a mini-bull run, before the next halving, where the bull run proper will take place
Something like this has happened on previous occasions, which is no guarantee it will happen this time but it's all we have to go on.

I think we can see a sharp drop to $20000 after a long time of boredom. If bitcoin did not get to $30000 this time as $25000 support was strong, the support may still later be broken once more and bitcoin go to $20000 again. It would likely be a price drop that will not be for long as some people have set limit order in such price and some people are waiting for it. If it happened, it may be the last time that bitcoin will ever go as low as $20000 ever again.

Quote from: pooya87 on June 19, 2023, 10:17:07 AM

From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

This year can not be like 2022 because 2022 was just like the the worst years like 2018. This year is mimicking 2019 already. People that invested in bitcoin in January of his year are still in profit, unlike last year that began with bear market, continued with bear market and ended with bear market.

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