Topic: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible? - page 2. (Read 671 times)

BTC can always pass 35k and then it will fall right back down below it again.   That could have happened in every month of this year though its become increasingly more probable in line with the lowest prices generally turning around in a regular way, also we have higher moving averages.   So sure 35k  and beyond is possible but the real question is do we  then maintain 35k area long enough to call it support, the groundwork to then provide a base price for further gains.   Thats the only question to me, how solid are the prices achieved as BTC is always with a large enough range fully capable to see many prices for a week or more even if resolving lower later for the month which is the timeline that matters in the larger concern of volume achieved at each price.

Let say that your instinct can come to reality whenever you work on your directions and I believe that in trading or long term investment what will make you to venture into loss and also make a profit is base on your decision, some doesn't take a decision before venturing into investment, for us to make profit you most have target in your investment either in long term or short term investment, so I believe that its when your dream will manifest its when you follow your instinct. But I will encourage any investor to have a target.

I this aspect of investment, your dream can make you to land on positive side during and I believe that investing in bitcoin it have a potential than any other cryptocurrencies, so it's encouraging to purchase bitcoin whenever the price is low and if the price bitcoin is of low rate you purchase and invest for long term investment instead of short term mostly according your instinct " that's your tune lol"

Actually the price of bitcoin since this year 2023 is appreciating and it have not go below twenty eight thousand, twenty nine thousand to thirty thousand (28k-29k-30k) so the price is accelerating and their is every tendency that the price of bitcoin might increase above the price you mentioned, and be aware that what increase the price of bitcoin is as result of the gravity of the demands in the market, so if their no positive information concerning bitcoin in a particular year and a negative information speculate more than the positive information it brings the price of bitcoin down, so nobody can predict the price of bitcoin  hundred percent (💯) accurate. So when predict the market changes, that's while I don't believe in predictions.

You mentioned bear market so I doubt that we can reach the previous all time high in that cycle. Maybe the best we can do is $40k-$50k at the end of the year. We even had a hard time maintaining that support levels of $30k now as we went below it for this week. And with that, the volatility is very high again, wouldn't be surprised if we go down to our previous sideways pattern of around $26k-$28k. I know that we don't like to see that price levels again because we have been on that area for at least 2 months prior to the price hitting $31k because of the Blackrock ETF filing news. And it's almost the end of July already, and again, no major movement.

What we should always know is the potential that bitcoin has towards it's volatility to rise and fall, if $68,000 has been the all time high bitcoin has been to, then we should expect something close to that between now and the end of the year since we are still low with the bear market, there's every possibility that we cannot go further low below $20,000 but aiming towards the all time target and now we are to expect anything more above #31,800 which it has attained in recent time till we are approaching the all time high before the end of the year.

Maybe not news but it definitely would require a lot of demand and there needs to be a lot of buying for the price to pump that much, we have seen the price having a hard time crossing $31k recently because the resistance was too strong and there wasn't enough buying pressure from retail investors as everyone was speculating a drop and they didn't want to start buying at that price, the same is happening right now, we are stuck at $30k again.

$35k might not be a very big target to reach for Bitcoin in 4 months but only if as you said, there is some positivity around and retail investors don't panic sell every now and then causing the price to drop again after raising to a certain point. I thought we might be rallying up once it reached $31.5k but it didn't happen.

How do you mean Bitcoin will improve before 2023 ? Whereas now everyone is in 2023 and has also seen how the condition of the Bitcoin price is in the market. Indeed, in general Bitcoin has gotten a price improvement in the market when compared to last year's price, but this is still not enough because last year's decline was a very large decline so Bitcoin still needs a much bigger price improvement than now.

And if you mean to say the price of the Dollar that you then associate with the price of Bitcoin, I think that's an unfair comparison because under any circumstances the dollar isn't going to suffer the drastic decline that Bitcoin has. While Bitcoin can still pump and crash on a larger scale in the market so it is not very feasible to make a comparison with the dollar. So I want to know what you mean by improving before 2023 on Bitcoin how?

In other words, speculation is just price guess. But then where the difference comes to play is that some guess without research or reference to the bitcoin chart or the fundamentals. But there are some who makes these guesses but support them with serious evidences or hypothesis, be it how it has been happening before or a deviation from the past.

But the wonders of the speculation is, at a certain point even the baseless speculations turn out more accurate that a neatly researched or analyzed speculation. That is why and where we say that the cryptocurrency market is simply unpredictable.

It's good for investment for you to watch your investment and cash out the profit because sometimes when we are greedy or want to multiply our profit in the investment i think that lured some of us into lose, when you invest you don't need to make a profit continuously, what i really understand in the investment of bitcoins is that when the opportunity of profit comes try as possible to utilize the opportunity because when expecting double or triple the profit in your investment it will trigger you to keep your already made profit, remember that investment is all about risk and it's real that the profit you realize today in your it's possible that in the next 2hours you might lose it all.

I do not have any orders because I do not take profit, I keep investing as much as possible and that makes it a lot more important. I believe that it is going to end up with a situation where it will take some time and because of that we are going to have to face the reality that it will take some time before people could see some changes in the end.

If we live like we need to take profit constantly then we are going to end up with a problem and there is no reason for that at all, we could just live with what we have and just learn to love that. I know that it will take some time but we need to learn that. I have been holding for a long time and I will continue to hold bitcoin for more, no matter what the price is.

I have sell orders at similar levels. I expect a sharp decline after Bitcoin reaches those levels or goes up a little more. The fact that it has stayed at 30k lately and that its price has resisted falling shows this. Of course, I'm not sure about this, but I made my own decision this way.

What I'm not sure about is what level it will drop to. I don't think it will go as low as 20k but anything is possible in this market.

Bitcoin to surpass $35-37k this year would be something I wish to happen even before December with the current flow and rise of Bitcoin price, I think it can happen, but not too soon as it has been on $30k for almost a month now I think it would take time to settle at $30k before going up again, having it at $29k might look like it would go back to $25k but let's see before the end of this month if it will make a move from it current price to $32k, if that happens then it will get to $35k.

And I can only say Bitcoin could go over $35k-$37k this year as long as there are many positive news releases. But if there's only negative news trying to make people panic, we need more time to see Bitcoin get past that $35k.

But long term, Bitcoin can surpass that price and even exceed $60 as its last ATH yesterday. Well, maybe you should follow your instincts and just be prepared.

And if that's true, I'll still wait for the price to return to $60k until it finally makes its new ATH. And if the price can only reach $35k-$37k this year, I think we are still allowed to accumulate more Bitcoins. And we should use that opportunity well.

Bitcoin can cross 50 but may not.They are like that, Expart say that when ever doller crashed Bitcoin pump .If look the doller chart doller are crashed os I analysis the Bitcoin about begin bull run.But this is not happening Bitcoin is not pump.If viewed form the fundamental analysis .so there are many factor that are effect Bitcoin price.I read a Wu Blockchain tweet he say that skill road which is a website  .The US has freeze their Bitcoin .So this can also be reason that Bitcoin price are not pump .But I am sure Bitcoin will improve before 2023.

What is clear is that you are right that it is indeed difficult to predict the current market situation, because if you look at it from the beginning of the year there has been an increase, but when it reaches $31K it always declines again. so that I myself conclude that the upward trend is not clearly visible and in fact the possibility for a correction is very large. It must be remembered that the world economic situation also greatly influences the movement of bitcoin, and we know that there is currently no economic recovery. but I can agree that at the end of the year bitcoin will be able to reach $ 35K-$ 37K to get ready to enter the era of the halving period next year.

I don’t agree at all with the idea that the market will peak at $35K. I see almost no resistance at all at that level and think once we break out of the current trading range the price will shoot almost straight up to $40K. I’m curious where the number $35K entered the picture. Did you just select a number a little higher than the current price?

On this market, we cant really make some assurance on whatever things that we do see in the past or making some patterns and assuming that it would similarly be happening in the future which it isnt right but you cant really blame out people on not to look on what happened in the past and do really trying out to make some that common approach. So far we've seen that summer isnt something that it would really be dropping that
low and having that stagnant like behavior but look at where we now? TRying out to break that 30k which it is really just that tough resistance we do have in hear. Breaking that 31800+ i should say
would really be the indication that we might be seeing 35 to 40k but it seems its really that hard to guess whether it could be able to pass through on this year or no. We do really need up some catalyst for the price
to break out.


Actually we do really have this kind of behavior on the time that we do reach out +10k increment on every price level on which it would really be turning out to be
a hard resistance needs to be break and would really be experiencing lots of rejections when it comes to this. Its not something new and if you've been here on this market for a while
now, then you are really that getting used to with these kind of movement on which you could actually be able to play around with those volatileness for
the sake of profiting but of course it wont really be that something so simple.

I also prefer reasonable speculation like you said although I don't often use my instincts to speculate on Bitcoin prices in the market. But seeing as prices are currently still in the $30K range, it's reasonable to expect $35k-$37k later this year. Although I personally actually expect a bigger level than that for this year before going into next year with more different moments than this year.

In total, the price is not too far for Bitcoin to reach, but it's not just about whether or not Bitcoin's price level will be reached this year. But we also have to see how difficult it is for Bitcoin to break that level this year because I still see it being difficult for Bitcoin to break that price level even though it is a very reasonable level to expect this year.

That is true, summers are not our best periods and it may not do that well. However, I also believe that we are not going to end up with anything all that bad neither, normally we are used to seeing bitcoin going down during summer as well but this time around I am not expecting it to drop.

This is of course a difficult situation because it means that we are going to see some things changing. If something is changing then why are we not seeing it go up? I mean that would not be impossible, if it is not going down then going up is the only logical increase in price. Hopefully it would be a good period and the price has at least a small amount of increase, not a ton but at least a small amount that would be a lot better.

Currently, the price of Bitcoin has been around for a long time, which continues to be close to $ 30k, so I think to be able to reach a price of $ 35k-37k is very reasonable, we are already in the middle of this year and compared to the beginning of the year, the current price of Bitcoin I think is quite positive with the ongoing trend and it is very possible if you are able to be patient until the end of the year the expected price will be reached, it is very close.

Oops, get carried away to your subconscious. i think that's fair. a good and sober expectation to say BTC will surpass $35k-37k this year. My instincts say BTC must pass that number before the bullfight begins, Yes. it makes perfect sense.