The momentum of the recent move is really strong so I feel it has the potential of pushing price near the ATH. Two cases are possible as to what might be propelling the move. First is the expectation that Bitcoin ETF might be approved anytime before the year ends. The other being that people are jumping in to secure a spot before price gets too high knowing that halving and bull market is imminent.
If the rise in price is with the expectation that Bitcoin ETF will be approved before the year ends, then we might see a bull trap if the approval did not happen. This will see price dump a little below $30k again because we have just little time before the year ends and next year is perceived as the year of Bitcoin. However, if we get the approval this year, then Bitcoin will create a new ATH before the end of the year.
In general, I am of the opinion that the price will settle around $45k by the end of this year.
Topic: 2023 end game sentiment check - page 6. (Read 796 times)
It's a difficult one to judge, as the break of $30K was very much news driven. So more or continued positive news could see a "up only" scenario in the coming weeks/months, but any further ETF delays/rejections could have the opposite effect. Price has literally pumped off the $IBTC listing that occurred in August that was only discovered this month. This pump could have happened months ago is the irony.
Looking at price at present and trying to ignore the news or background noise, I think price could pump considerably higher. If we get to $40K, it could consolidate and reach $50K to $60K with sellers from 2021/2022 re-entering the market. This has more or less been my prediction for this year, ie a strong dead cat bounce, which seemed out the question after summer passed, but clearly it's still on the table.
ARK's final ETF deadline of Jan 2024 is going to be one to watch in the near future, with the third deadline next month. As far as I understand they have also registered their ETF ticker, so are optimistic of getting approved soon, but only time will tell. Either way it's an exciting to be a Bitcoin holder with ETF on the horizon and a halving not far away now.
Looking at price at present and trying to ignore the news or background noise, I think price could pump considerably higher. If we get to $40K, it could consolidate and reach $50K to $60K with sellers from 2021/2022 re-entering the market. This has more or less been my prediction for this year, ie a strong dead cat bounce, which seemed out the question after summer passed, but clearly it's still on the table.
ARK's final ETF deadline of Jan 2024 is going to be one to watch in the near future, with the third deadline next month. As far as I understand they have also registered their ETF ticker, so are optimistic of getting approved soon, but only time will tell. Either way it's an exciting to be a Bitcoin holder with ETF on the horizon and a halving not far away now.
I did not choose becuase I did not see what I can choose. I would have preferred price ranges. If there are price ranges in the poll, I will choose between $30000 to $37500.
I guess bitcoin is not going back to $25000 this year.
I guess bitcoin is not going back to $25000 this year.
I think that the end of 2023 will be a growth for the cryptocurrency market, which we are already seeing. Generally 2023 was positive only for bitcoin, because now the price is twice as much as at the beginning of the year and the growth continues. Usually autumn was positive for cryptocurrencies and I hope we will see growth of other coins.
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I understand that the poll lacks options. There is not one for a moderate price increase, as I think it will happen, say between 35 and 50K. That it is not there and that ATH's option is there before the end of the year seems like a joke.
Poll aside, I am cautiously optimistic. With the time of the cycle we are in, half a year away from halving and with the recent rally, I think we will end the year a little higher than we are now, with ups and downs from here to there, of course.
Poll aside, I am cautiously optimistic. With the time of the cycle we are in, half a year away from halving and with the recent rally, I think we will end the year a little higher than we are now, with ups and downs from here to there, of course.
We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months. Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable. My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows.
Any answer you feel like is correct. Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.
7 day poll & you may alter your vote later. If you can come up with a better poll option I'll add it on just for you
Any answer you feel like is correct. Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.
7 day poll & you may alter your vote later. If you can come up with a better poll option I'll add it on just for you
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