Topic: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible? - page 3. (Read 667 times)

I still believe there will be better improvements in Bitcoin, also for the $50K price range. But since recently Bitcoin has corrected back below $30K, I think the level of difficulty to be at $50K on Bitcoin must be there although it's not impossible for it to happen slowly from now on. But given the $20K mark yet to be reached by Bitcoin from now on, surely there should always be a better impetus for upgrades before the end of the year.

I don't know if bitcoin can grow in the remaining summer months because historically summer has not been the best time to grow. Although the first half happened to be very good. Now the price is at a key point and really anything can happen, because both support and resistance can break. But I don't believe in 50k this year.

Was that instinct involve the likes of an approved spot Bitcoin ETF? If so, we may even break more than what your instinct can perceive, I'm eyeing it will be 38k-42k then correction and accumulation until we get to the year 2024. It's hard but we can't deny the fact that institution/tradfi is already here and most likely even if they just put few percent onto the market, that would mean a lot tbh.

Anything and everything can happen in the next five months. So expecting something or predicting the price now won’t be a wise decision, I would say. We have usually seen bitcoins go up in price in the months of September and October. Now that it’s July, bitcoins have already crossed 30,000 USD. If they keep the same pace and increase at a steady rate, then we can definitely see bitcoins Crossing 50,000 USD by the end of this year. But everything depends on the demand that we people increase in order to accumulate the coins. Let’s hope for the best and wish Bitcoins to reach their new ATH price soon.

Almost trues with your instinct Bitcoin price around $35k to $37k in 2023, current price today $30k seems with your instinct waiting few moment for bitcoin will be up. Bullish trend to 35k until 37k dollar seems not difficult for bitcoin and next month we are waiting will bitcoin price based on OP instinct or not.
My instinct before end this years possibilities with Bitcoin price around $39k to $45k and seems support with close halving give good chance for bitcoin going up. Actually correction will come suddenly and need patience with OP instinct to see bitcoin price up until $37k, if not any bad news without long term Bitcoin back to higher price.

The bullish trend and movements of Bitcoin in April when I posted the $35,000-$37,000 as barriers suggested by my instinct were still much threatening, despite that, it has been unable to breach the quoted levels. It's instinctive speculation, yet it has proven very effective just as the majority of my instincts with regard to the market always come positive. I still maintain my view on these levels and hope to be smiling on the 1st of January next year.

You might be right that traders need the verified analysis to be able to speculate, but do not forget the truth that insists often work. And at times, it works more than the trader's analysis as it's just the summary of what the trader knows about the market that his brain and experience are forcefully telling even if it couldn't be read directly on the trading chart.

I'd Agree with $35k as a barrier to break out $38k to $40k this year. Right now we are around $26k but atleast on the first wuarter the price managed to reach $31k from a very low market value last year. The price is  progressive and is recovering but still we are far from its ATH. However, progress is progress. The cycle in this blockchain is that, the price would always be back and is meant to break previous ATH but I am never expecting such thing to occur even in the future. Once all the Bitcoin are mined, will the demand continue to rise? Technically it should be but for the reason that Bitcoin is not accepted as a mode of payment to he used on a daily basis, which should sustain demand, I think we are not yet sure of this one. The price may fall 'coz the only reason why it is rising is due to the increase on demand but in purpose of investment.

Possible, not sure if it's feasible because that's a different kind of word with meaning that is very complicated in this context, it's feasible if you mean be able to carry that much potential but I think possible is a better word for that.

I think having an increase this year by the end when we are getting closer to halving should be quite easy, and will be done. Let's hope that it gets to a point where we can actually do as well as hoped for and people could see the increase in the price as well. Not many people can see it today but that should be the important case. I know that there are a lot of people who still worry if it will go up or not, but halving is coming up and I think that it should be possible not to be that easy at all.

There is a possibility that Bitcoin can go higher than this range. Having seen some analysis online on what Bitcoin could target in the coming days, I find this analysis quite strong. But it is difficult to predict how the market will react in advance, so whether this analysis will be successful according to the market trend or not will be determined on how the market trend reacts.



Video Link : https://youtu.be/hCHn4tS9-n4

The instincts of a person are simply the ability to interpret a bunch of signals at a subconscious level and come to a conclusion almost immediately, this is why if for example you had some difficult interpersonal relationships if you met a person that shows signs similar to what you have seen before, your instinct will tell you to stay away from that person, this is the same, if you have traded for a long time your instincts will react to the movements of the market automatically and give you insight about what is possible and what is not under the current market conditions, and I think this time around your instinct is right and the top price of 2023 should be around those levels.

The instinct works perfectly when trading is long-term, but when the particular month, date, or moment of buying or selling comes, then fear and greed will rule. I remember that I did not think that the price would exceed $50,000, but when the price exceeded that amount, instead of selling, greed began to increase in me, and in the end I sold at a price of $37,000.

Place orders early and do not open the platform when the price increases sharply or decreases sharply, because you will regret these decisions.





All options are available, but the price is still $37,000 in the third and fourth quarters of this year.
Bitcoin on exchanges hits lowest ratio so 6 month later and price will bump.

Everyone believes that Bitcoin will reach 35k-37k$, but there is no definite exact date because no one really knows, due to the unpredictable market. Then it looks like that's the analysis I saw on the graph when I looked at the chart these past few days.

      Then at the current value of Bitcoin today, he dumped more than 27k$ and I also think that we are in an uptrend now because its short downtrend has ended according to what I read in the graph. But it still agrees with my analysis.

We do really have that intuition sometimes when it comes to trading and price approach whether it would be reaching out those high numbers but it cant really be that predicted and this is where we do make some
technical analysis.Yes, all of us are just that speculators when it comes to this matter because there's no way that we could be able to predict on whats ahead but i would like to say that these numbers
been mentioned on OP is really that something realistic compared into those $60k-100k price approach for this year which we know that it cant really be that possible for this year alone.

Its better to have some realistic approach rather than on hoping for higher numbers and on just simply looking on the current price movement and the sentiments around then it would really be that hard
for us to push up that high as for this 2023. If ever there would be some major resistances or ceiling would be broken then it is really just nice to see on having that kind of moment
but for now, im not really that expecting that much because anything could really happen along the way.

A lot of the market price is going to depend on whether or not there are buyers to scoop up the mtgox coins that are likely to hit the market. If Bitcoin has a positive sentiment around it and investors are accumulating, the mtgox distribution could be a non-event. However, if the mempool is still clogged, banks are still failing, and Bitcoin isn’t holding up as a safe haven, I could see the mtgox coins flooding the market and holding the price down.

I fear that it may not happen again this year's market growth. If we compare this year with 2019, then the market also experienced an increase, but later there was a drop that lasted more than a year. If the same situation happens again now, we have a bear market ahead of us before the halving. As you said, the economies of the world have not recovered from the crisis either and that does not happen quickly.

Do you think this is the solution and would make people troop to Bitcoin? It's not, this doesn't follow the principle of economics, people will prefer something more real like the USD and Gold in times of uncertainty, and I can assure you that it's not the first time such happenings are seen. In case you didn't know, there are times of risk aversion and risk-on sentiments, the first favours the USD and Gold while the second favours Bitcoin and many others. And what you explained fits the first class where people are afraid to take risks due to uncertainty and will shun Bitcoin (risk-on asset) and embrace the risk-off assets.

Also, when inflation was bitting much since 2021, Bitcoin rather falls, not rise. This happens until inflation started subsiding at the end of last year.

Of course, you can't have an instinct about what the market would do if you are not conversant with it. I analyze the market many times a day, so I know the psychology of it which is why it's possible for me to have an instinct about it. What gave birth to the instinct was the fact that Bitcoin was moving higher when I created the topic which is against a professional analysis as a trend trader.

Still, my instinct kept telling me that the market will find it difficult to press above $35-37k which I am upholding as I monitor as the situation unfolds.

Nothing weird here, what you expected of people is not professional, there is a reason for speculation and its benefits will always be enormous. Based on experience, I advise it so as to be a guide for any trader and investor, it's also a way to maximize profits if done well. There are times you hold an asset and there are times you liquidate them for more profits, speculation tells you, so you just don't conclude that it is weird since you have your belief.

Don't assume, know the best time to invest and divest through speculation.

I also have the same belief as you that at the end of the year there will be an increase but not too significant apart from that the world economy which has been hit by a crisis has not yet shown signs of an overall improvement direction, even though many countries have been able to increase their income. But the direction of improvement at the end of the year is to provide more encouragement before entering next year's halving period. $40K-$50K is a target to achieve at the end of the year making it easier to increase slowly in 2024 and will reach a renewable ATH in 2025.

Why do I still see some established users looking doubtful about the potential price bitcoin will reach after they invest it. This is a bit weird, I mean just ignore the volatility and wait until you see a worth return on your investment later. Instead think about short-term volatility, then I think it's still good to know or convince yourself when it's time to buy more and build up your invest gradually.

There are at least 8 months into the year to see what will happen, and I think that $34k looks too close to hit if the bullish trend continues. Look at the market has managed to print 4 green candles in the last 4 months, but don't let yourself be pessimistic just because of a correction.

At first hear, instincts seems not important or doesn't add much weight to our prediction but it was actually helpful if one has a good experience in the market. That is because instincts are not just predicting according to what we feel but we can also look at the charts first and do an analysis.

Those who did not sell when it's about time are just greedy. They want more but they are likely failing and ended up selling at a loss. Most of us here didn't leave crypto but those who leave are just weak and lacks in knowledge. They are mostly the one that invest in meme coins. They prolly came back once they saw that some meme coins are pumping up again. They need to change this habit if they want to lose less and earn more.

$35k doesn't seem like a very strong wall to be the resistance that bitcoin failed to break this year, I mean I imagine the price of bitcoin could reach at least around $50k this year. But of course I wouldn't be as optimistic as others expecting a new ATH this year especially before the halving. I agree that there is a similar pattern between the previous halving and the next halving, but things can change at any time because supply and demand will always influence it.

I don't expect bitcoin to fall even harder should it reach $40k -$50k this year, but some analysis suggests that a correction is possible even lower than the current price. Regarding bitcoin, we still remain with the same optimism that we should have. Halving is good to expect demand to increase, so that it will be followed by higher prices.