Topic: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible? (Read 658 times)

Thanks to everyone who contributed to this topic since April when it was created, it's an instinctive speculation and I'm glad that it served its time while it lasted. Bitcoin was almost $30,000 at that time when people thought it would just be buying and buying, but my instinct proved otherwise which was what led to the creation of the thread.

But now, Bitcoin has defeated the range-bound of $35,000-$37,000 today, and although not still closing above it yet (no successful breakout yet), but the deed is already done. Thanks to the ETF saga that has taken the whole turn of events lately. I will be locking the topic in the next 13 hours.

Thanks once again!

I do agree that it won't happen this year, but even if it were to happen I would guess that maybe a late December run could be the only way. I still think that it would probably not be the case and we will probably not see anything major changing for now.

I believe that the best thing to do would be just letting the price be as it is right now and then if we can do better the new can do better, but we need to let this year go like this first. After this year, I believe 2024 will see some small increases by the end and 2025 will have a new and higher ATH without a doubt, that is what I believe in. I know that it's hard to wait for that to happen but it's the reality and we just need to come to accept it how it is so far.

Oh yes, we unfortunately have another world event that might have direct or indirectly affect the market, we are already in the bear market, but this kind of events will shake our ecosystem again as we al know that everything is tied, financials, the world market, events.

But yeah, all hope is not lost. We just have to endure and face it directly and just hope for the best.

And when everything settles down at least for this year. We might see some light at the start of 2024 as we will having the bitcoin halving. And just like the pandemic in 2020 where it's also the halving year. Bitcoin wasn't deter at all and on the contrary it proves as a hedge for this kind of events.

Yes, it's really very unlikely to hit $40k at this point or at least short term for this year. I don't know, maybe there is demand but the buyers are afraid to get it and doesn't want to take advantage of the cheap price that we have right now, really doesn't make sense. And obviously though, for those who are wise enough, they know that it is the best time to buy so most likely there are buyers but they have been out numbered by short sellers in the market.

Halving is just around the corner, and we really won't feel how time flies very fast, in the next 3 months it will be the end of the year. And then here comes the block halving that everyone is feeling nervous but at the same time very excited about it, specially for those who might experienced it the first time.

I don't know why, it seems that I see what Bictoin would do easily and all my long-term analyses on it are proof of that, they always work as predicted. It's my joy if Bitcoin rises to $40,000, after all, I will make more money, but still, I like to face the reality, Bitcoin is not a magician as many would think, and the days when some whales will just be manipulative is over. It's following the due process on the market linked to the financial market itself, it might buy but certainly not as significant as hitting $40,000 this year anymore.

There is too much resistance to undermining the buying of Bitcoin in 2023 and only the immediate pre/post halving could help it and it's in 2024. Even with the $30,000 you mentioned, I don't see a viable resistance at that level. Resistances are below and are above it and there are many to stop its price from appreciating too high this year.

You have a good point, this year is almost gone, though not all hope is lost. The Israel-Palestine issue is another bearish signal, who knows how long it will drag Bitcoin with it? For this and more, it might be difficult to see Bitcoin moving excellently this year, not even for the ETF. People are overhyping this ETF of a thing, it can't move Bitcoin significantly as many think.

I feel like Bitcoin doesn't have enough "gas" to keep up price steady until hitting 40k. I mean at least for now it doesn't look possible. Demand is too weak in my opinion. But in couple of months time things may change a lot. There could be global trend in gold prices that may cause Bitcoin demand to increase I assume. Halving is also coming. I stay cautious but feel like it may be okay to buy and wait nowadays. I also wish we could have at least tiny bit of bull market before 2024.

Bitcoin may reach 40000 in 2023, but it's always worth keeping a short bear trend in mind, which is usually from December to January. Therefore, you should be very careful in your forecasts, and try to react quickly to the situation, without forgetting about stop loss. I wish that the bullish trend will start in the nearest future

We have like 3 months to go before the end of the year and we might be borderline going to see $30k or not. But next year though, before the block halving, we might see the price somewhat around $40k'ish, at least that's what my prediction is. I doubt that we will see some kind of ETF approval there will be another delays but hopefully if everything has settled down, maybe the best time to get an approval is next year, after the block halving so that it will be one of the catalyst for a massive bull run that everyone is expecting. But in any case, for the sake of discussion and the end of the bear market, for me, the peak will be around $35k-$40k pre halving price.

I wouldn't say we are in the "bear" market this year, we started the year at 15k and we peaked over 30k, that is double of what it started, and we are not too far off from there neither right now. I think it should be important to remember that we are going to end up with a good return this year and that should be considered a "bull" run if you want to call it that, I mean you do not have to call it a bull run but that doesn't mean that it could be called a bear period at all.

We are at a great price point right now and I would guess that reaching 35k this year is not impossible, we are already trying our best to reach 30k and we are probably going to break over it a lot better and easier when the time comes as well. This is a hard job because it requires a lot of attention from the buyers and we need sellers to doubt about selling so that we could get to a point where it could worth a lot more so they would stop selling. The main reason why prices go up is not buyers, it is sellers not selling and holding.

I'm expecting a strong bull season post-halving but expecting bitcoin to hit $45k before the end of the year is also unlikely for me.  there are only 3 months left until the end of the year and we are even struggling with the resistance level of 30 thousand USD, so it is very difficult for the scenario of bitcoin to increase 1.5 times in the remaining 3 months.  unless big news like ETF approval is announced but that is also unlikely to happen this year. 32k$-35k$ is what we can expect, that would be more realistic.

I'm even confused about how you make predictions about the market and Bitcoin price for this year and next year. A 12% drop is a lot for Bitcoin at the current price and what confuses me is how you think that such a price increase could easily happen to Bitcoin by an amount greater than the percentage drop you said. If you look at the level of difficulty for Bitcoin to increase this month, it still seems quite difficult for Bitcoin to be at $45K by the end of this year even if you associate it with the halving moment.

We are still in the bear market this year, so I will assumed that it's hard for the price to get up and if I'm not mistaken, the biggest price jump we have is like $31k-$32k. So that is a big accomplishment already since our lowest low is $15,500 for this bear cycle.


Again, the biggest mental challenge or psychological barrier that we are looking is $30k. If we can break it and then sustained that run, we might see something like $40k++ at the end of the year. But the problem is, that barrier is har to break, so maybe like short term, we should look at $28,500 first.

I've never been against the bullishness of Bitcoin in 2023, but I only maintain a view that it would be undermined no matter how hard it tries to climb. This has been happening in the first half of the year and I know that Bitcoin will continue to struggle in the hands of the Bulls and Bears, and by virtue will not breach the barrier of between $35,000-$37,000 as indicated in this thread.

Franky, I must say that I love the fact that you called a value, but to me, $40,000 is not feasible this year, not to mention your $45,000. Bitcoin is such a market that has more resistance ahead of it than support, they will not allow it to move so much, it's after halving that it might make some dangerous bullish movements almost totally unchallenged.

I'm still optimistic that the market will be a bull run at the end of the year, even though this week there was a correction of more than 12% but the opportunity for a rise is very large because at the beginning of 2024 there will be a halving day, maybe this year the highest price that can be reached is around $45k. great opportunity to buy more while the prices are still low.

Correction: I noticed that many of the people who replied to this post didn't get the gist, they thought I was referring to a bullish target in range, but I was actually referring to the highest level that Bitcoin could reach this year if at all it rises. The range it will not be able to break.

Your analysis seems to be betraying you now my friend, Bitcoin is falling and it would be getting to the end of September before it would regain a bullish momentum based on what I sense now. This is when it will start battling much resistance including the $31,450 I shared in a post before even thinking to hit my peak range of $35,000-$37,000.

I strongly disagree with you here, you don't sow during harvest, you plan ahead. This is why there is speculation, and this is not about you being lucky or gambling, it's about training and dedicated work to gain experience that will guide you. This enables you to know what will happen in the market before they do.

My instinct was before the ETF gains much traction among headlines, and with my experience, speculation can't be based on a certain factor, both the economic and market sentiment factors must be overcome to achieve the set target. As for your expectation which is against mine, I don't see it forthcoming soon.

Conversely, I see resistance around the level, you should know that there are thousands of trading analyses. Still, don't forget that this is an instinct, although no one will have it on something without having a prior idea. Let me conclude that it's what my inner man told me after extensive analysis of the market many times this year.

There are many resistances before $35,000 and a strong one before $37,000. Also, you can check the weekly chart Fibonacci analysis to see the resistance around the range levels.

If we look at it from the beginning of the year, it seems that there has been a significant increase, but a few weeks ago it seemed that prices had stagnated, and this has continued to change upwards but will be followed by a decline again.I've read from analysts who say that there will actually be a correction of up to $20,000, although the truth is that it is also difficult to predict what will happen.I think that if there is no correction, maybe the price will not shift like it is currently at around $30K–$35K  before next year and will continue to move up slowly and surely.But actually, if there is a correction, it is usually a sign to prepare yourself to improve.

If we pay attention to the price graph since 2023 then there are no big surprises, and in my opinion it can still be reached if the end of the year can reach $ 37k, of course with the note that this month the price can reach at least $ 33k, because of some experiments the highest price which can be achieved around $ 31K.

For sure it is very possible to happen I mean there is a lot of time left before Bitcoin halving right? So market price could easily gain momentum for the 40k$ market price for sure at the end of 2023 sure market price could easily spike again what happened in the past ber months, I mean I don't expect a lot this year but it is possible since the market already gain a lot of momentum and in my opinion, we are clearly on the right track for the Bitcoin halving. There are still a lot of investors trying to accumulate Bitcoin and on the market, 31k$ is probably where the resistance is, But we could probably rely on the hype in ber months to easily achieved 40k$ in December. But we can't really predict this I mean the Bitcoin halving is the one that could probably trigger the market if we are going to reach 40k$ this year it is possible to trigger the market early so I don't this it is going to happen this year but its a volatile market and its Bitcoin.

and if the OP is solid about his instincts, is he collecting some satoshis to prepare for that moment of increase? because if he truly believes that the price will increase in that range, he should be collecting more bitcoin to take advantage of the current market.

Very hard to answer as we are still in the bear market. Remember that prior to $31k, after the Blackrock news, the price has been moving sideways for the last 2 months. And when it had it's break out run to $31k, we thought that this is it and we are going to maintain that price. However, it didn't, we go back to $30k which we again thought is a good support. It hold for like a week and now we go down to that support price and it seems it become the resistance.

So perhaps that scenario will repeat again. If ever we reach $35k, I'm thinking that there could be speculators that are going to sell to make quick profits. And maybe there will be some investors too that are going to sell, thus breaking down to $30k again.

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.

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.

The Bitcoin price trend is cyclical so it is expected that the price of Bitcoin will recover and transition to bullish market after the gruesome bearish trend.  I think there is no need for instinct here since it has been proven for several years that Bitcoin market will transition to bullish market as the halving event approaches.  We can also see it on the history of Bitcoin on how the market uptrend and use Bitcoin halving event as catalyst of Bitcoin market bull run.


It is possible that BTC price could surpass $35k-$37k, even $40k if the market sentiment continue to it being in bullish state and there is no strong FUD and negative new that will counter the bullish tempo of the Bitcoin market.

Often November - December is a pump for bitcoin and this is going to coincide with FED pivot, because they've said it themselves that it won't be possible for them to continue rate hikes in 2024. All assets will rally if they start printing and bitcoin is long overdue for its first bull market rally, which should take us at the very least above 50% of the ATH, so between 35k and 40k USD. I feel like if we haven't had all this external pressure from the FED, we'd be at 40k right now.

40k by the end of the year and 50k next year, if the bull run gets postponed to 2025 due to some unexpected negativity like a large market crash in US stocks. If all goes well we should be at a new ATH next year, probably between 100 and 120k.

I think it will go above those prices without a doubt, not saying that I can guarantee anything because I do not know anything more than anyone else, I have the same data that all of you have. However, looking at how it is looking great for the time being, I feel like that's going to be the case for this year without a doubt. That is only a 20% increase, we are in the fifth month now, that means we have about 7 months left for bitcoin to do a 20% increase, which is low enough that bitcoin may even do that in a single month.

This is why we should keep investing into bitcoin and hope for the best, it will happen without a doubt. I know that it is going to be a difficult period until we break over those prices without a doubt, but just because it's difficult, doesn't mean it's impossible.

How can you have such an instinct if you've never seen anything on a chart? I even still believe that $40k can be broken in 2023 and possibly higher before the halving occurs.

I tend to check charts and get very basic reasons before predicting prices, not just on instinct. I observe that we still have the same pattern regarding bitcoin price ahead of the 2024 halving, this makes me optimistic to hope $40k can be broken before the end of the year. It is true that there is a lot of pressure in the market that makes it hard for the bitcoin price to break through resistance, but that is normal as price volatility is to be expected.

Big Yes on this. Banking is crashing hard as well as the US dollar. People knew that Bitcoin performs well on economic crisis. This is a good opportunity for them to escape inflation and invest to Bitcoin which is proven performing well when fiat market is crashing hard. I think we might see more since the price moves very strong towards 30k level a week before the monthly candle close. This is a good sign that the confidence on buying Bitcoin is already there.

We might see another big movement both down and up since a pull back is required for bulls to have better entry price. I think 40K+ this December or more is what I’m sensing due to the negativity of US market. More bank crash means less trust to fiat.

I think that it is possible to reach $35k-$37k in 2023. I think that is the time to buy and hold Bitcoin.

January Bitcoin opens at $16,547.91 and closes at $23,139.28.
Continuing in February weak chart movement into March.
In April, a positive signal was seen because it was able to penetrate the price of $31,005.61 even though the April closing price was at $29,268.81.[1]

May is in and prices are still playing at $28k.
$35k - $37k is a price that is still possible to be met this year, in my opinion, I even feel optimistic that I can pass this price.

[1]. https://coinmarketcap.com/currencies/bitcoin/historical-data/

Of course, instincts are created based on the past events stored in our heads, that's the reality, it doesn't just show up. And I so much agree with the rest expression, what happens between 2019-2020 is being patiently studied by Bitcoin investors, which might be what will not make it rise so much in 2023 for it to be more attractive in 2024.

Nice speculation you have there, and for you to also notice $35-37k means a great deal. I know that if the level could give up, $40-45k will be next.

Well, with my experience in the world of the financial market, we can't always use the time to judge, it's events/factors surrounding the asset that matters. The market you see that performed most excellently from January to March might make a bearish turn for the rest of the year, so it doesn't matter.

As it is now with Bitcoin, I believe that inflation should be our focus, also, the news of regulation, liquidation and adoption by big volumes should be our focus.

This is a very good consideration judging by the widely speculated cycle of Bitcoin moving lower before halving. And at the current levels, people are hesitant in committing their money thereby waiting for purchases at lower levels.

Well you need to realize. Who is there to buy Bitcoin at levels higher than that. Bitcoin at $15K was cheaper so it wasn’t usually for someone to buy 0.1 or 0.25BTC or so. But do you see people spending $50K for a single Bitcoin if their job is at stake.

Lots of people are starting to cut back. Those that aren’t will be in for a rude awakening. Hence why I don’t think we will get a break out to the $50K area. The $1M Bitcoin was obviously not going to happen in 100 days.
Was just a publicity stunt.

I also see the 2019 scenario gradually repeating itself. But my prediction is that bitcoin could hit $50k this year and then plummet below $20k. All in all, this is just a fun prediction, and I didn't focus on it and didn't expect it to turn out that way. Because history may still be repeating itself, but that doesn't mean it will repeat itself in detail, things will be a little different.
I accumulate bitcoin monthly, and I am not too concerned about bitcoin price in the short term, even if bitcoin goes up to $50k, I will accumulate as it is still below my sell target.

still many times left, there's no reason bitcoin couldn't get past that, of course it's need some good investments flow like before, remember previous bullruns was mainly because tesla just puts huge chunk of their money into bitcoin and other companies in general follows that which is good for bitcoin market capitalization. regarding your instinct, I guess like many have said, if you are veteran in term of investing in cryptocurrencies you might have seen some similar pattern based on past events which actually quite make sense and I think many veteran investors are having the same feeling I mean you get the gist of it, something like that.
but this year around I even sure that it could easily go beyonds $40k but certainly not hitting its all time highs because that's still quite far.

Based on what we've reached in the first half of the year, there is more chances of price reaching $35k - $37k. It is all about the good and negative things taking place around the market. Just four months of 2023 over, more 8 months left. For the growth to happen, more time is available. Halving is one important event that's been scheduled for the falling year. This too brings good rise in the price of bitcoin and drop close to the halving pump, only then it is possible to reach ath.

Bitcoin can reach a lot of price levels, but can it sustain them? We are likely still in bear market, which means everything that is gained can be lost quite quickly, the corrections during bear market are brutal because there's not a lot of confidence behind the reclaimed price levels.

We can reach $40k and $50k too, but it's unlikely they will be stable, because there's a lot of time before the halvening and the new cycle.

I understand the logic of this acting as a resistance level, as it was previous support in last year's bear market before the capitulation started. But I also have a suspicion that if price reaches this level, ie breaks above around $32K, then the target would be nearer $40K-$50K than $37K imo. The $30K level was previous support for around 18 months, so if it can be reclaimed and price move higher, then I think it's likely price will move higher quite quickly in a parabolic manner, even if there is initially a pull-back from the price range you mention back towards $30K in order to re-confirm as support.

There was also the logic that if $6K was broken to the upside back in 2019 then $8K would act as resistance, as it was previously resistance in 2018. But due to the momentum shift and increased volume, price merely consolidated around $8K before moving considerably higher. With $30K broken we could see the same result, as it's the last line in the sand for the bears to defend.

I know many considered breaking back above $25K as confirming the end of the bear market, but for other more conservative traders/investors this level is more like around $30K/$32K.

Instinct in trading is needs ton of expertise under it as markets are pretty much work the opposite our feelings about it. Meaning that when people should sell they are in denial instead, and they sell when they are desperate, and stay away from the when markets are depressing or look for the pump of recovery to exit on that. And obviously buy because of the hype and the greed. They rarely follow trough their plans if they keep looking at the charts.

That being said i trust on my insticts too. Meaning that i try to do opposite of them. That doesn't necessarily mean that i hold if i am scared. These days i might even sell before i am scared if my target has been hit i will sell 90%

But if i would trust my feelings, i would say that we would go sideways in near 30k for few moths and after that the real bull market starts. And that btc might even hit 50k this year. The fact that memecoins started to gain attention tells me that new people are believing crypto again.

35-37k is a major resistance. I have my take profit orders for my short/middle term positions right there. I see a high risk that these levels will not be broken and we will realize a scenario similar to 2019, when we jumped from $4k to $14k and then fell to $5k. This is how I see the situation now. Pump just to 37k, maybe even 45k and dump back to 20k. At the same time, 45k seems unlikely to me before some solid correction or at least a longer consolidation.

The price you say will really happen, the only question is because no one knows when it will happen? this is where we often argue, and none of us can predict what day, month, year it will happen, and that's because bitcoin is volatile.
This is the reason why many communities think about Bitcoin because there is also suspense when it is Bitcoin, and it will be tested as time goes on or passes.

Your instinct is probably based on past events. 37k is a little over half of past the 69k high. Many are comparing the current year to 2019 where the price rose slightly above half of the previous cycle. I also think 2023 is similar in scenario to 2019. If so, the price should just hit 35-37k this year and then fall again before the next halving.

The fun continues: Bitcoin price guess, 2023


No one knows what the highest price of bitcoin will be before the end of 2023, we only have fun by speculating the price, even some speculation are just price guess.

If I remember very well, the three types of analyses that I read when I wanted to start to trade are technical, fundamental and sentimental analyses. If you are a good trader, you know much about technical and fundamental analyses, there will still be instinct sometimes which makes it sentimental.

This is my instinct rather than a professional analysis.

Did I hear someone say instinct does not work in trading? My friend, it does work. My trading instinct works 90%, especially for long-term trading because I live my life in the world of trading, even what happens in trading is being seen in my dreams at times, so trading is more than what we think.

That aside, this is an instinct, not a dream or anything. I've been having this instinct since November 2022 when Bitcoin was still challenged and facing bearish pressure. However, the first part is fulfilled by the market changing trend and moving closer to the levels.

Do you guys believe it would surpass $35k-37k this year?

Although Bitcoin is currently bullish and no speculation is perfect, still, this is tough task, for me, despite getting closer to the levels daily.