Topic: Bitcoin 12,000 in 2023. - page 4. (Read 840 times)

This is what I fear, people seem to care only about falling inflation and assuming the economy is recovering, but people are ignoring the news that unemployment is rising and interest rates are still high. This means that even though the crisis is under control, a recession is still very close to us.

That's also one of the reasons why I'm afraid this bitcoin bull run is short-lived with positive news like CPI, and PCI, but then it's very likely to be followed by another plunge.

It could collapse and when it does, other countries will look for another strongest country to use as a benchmark as they did with the US before. And this will change the world economy, no longer led by the US but by other countries. I may be wrong because I only saw the worst that could happen.

And, of course, it will also affect all markets, not just the crypto market. And countries may choose crypto as their handle instead of dollars.

There is a possibility that bitcoin will fall back but let's hope it doesn't happen. Bitcoin will fall back if the world economy also falls but that doesn't mean bitcoin doesn't have a chance to rise again. Bitcoin can rise again and gain other countries' trust because bitcoin stands alone and is not bound by the state.

I'm talking about the US economy because it's the biggest one and a large number of people in the US invest in crypto or other assets so if the market in the US crashes usually everything goes to shit all over the world. And the worlds economy is not in a great place right now because of the war, covid, and other stuff. 

The price is currently around $23k and it seems hard to see a drop touching $12k, even when the bad times happened at the end of 2022 many believed that the price would continue to drop below $15k, but that didn't happen, and now the market is looking good and FUDs are getting less and less as prices go up, investors have forgotten about the FTX tragedy and it's time to see prices skyrocket again.

It is said that one third of the world will go into recession in 2023 and we have just started the year but i think the interest effect is felt positively.
It would be a result of the money printed in the Covid-19 pandemic, but the hawk decisions of the FED began to give signals of economic recovery.

There is improvement in the data. When we look at the US non farm employment figures for the last five months, it was above expectations and an upward trend contributes positively to the dollar. A stronger dollar means a stronger world economy.

Well, economy is not tanking. Economy is slowing but not tanking. It's slowing because of QT. The Fed probably has 2 or 3 interest rate raises left and then it'll hold steady until probably sometime next year. As soon as the Fed says they are likely done raising rates, investors will stop being scared of everything and people will buy Bitcoin again. Also inflation are coming down nicely every month so as long as that keeps happening the Fed ain't gonna do anything crazy to crash the economy. And yes of course the economy has been feeling the rate hikes, don't know why you say we haven't felt the effect yet, we've been feeling the effect for a good long while now. Also unemployment is still extremely low so even though big companies make headlines about laying off a bunch of people the overall unemployment rate is still great.

Also notice that this bear market, since the low of ~$33k last January, the only time a new low was hit was when something major broke in the crypto sphere (LUNA, then Celsuis, then FTX). So basically Bitcoin isn't going to break down past $15.5k to a new low unless there is a global recession or something else major breaks in the crypto world. Honestly I don't think either of those things are going to happen.

Bitcoin price this month has looked stronger than it has in like half a year. I think there's a pretty decent chance we never see it below $20k again, let alone going under its $15.5k bottom, or down to $12k as OP is suggesting. Unless something really bad happens in crypto or in the economy, Bitcoin should be gaining strength the next few months and getting ready to break out of the <$25k bottom this Spring. Think $40k, not $12k in 2023.

If you lot of times look at the economic calendar the inflation rate is decreasing rather than 2021-2022 the economy not fully recovered but it heal. The price of oil also drop down at least its better that couple of month ago.

maybe we will see a recession in a country but i think year 2023 is getting better we still @ january but bitcoin already reached 23K this i already an achievement

I agree, sounds about right, we still have a long way to go considering the target of 3%.


I agree with that, but my point is that statistically, the economy is crashing even harder after fed pivots, so we still didn't see the bottom here.

There will always be people who see the situation being a bit worse than what it really is, I think its not going to be as bad as some people make it to be, I think its going to be quite well enough and good enough that its going to be just pretty decent. I believe that all we have to do is make sure that its not going to be a tough task to keep it going higher. It will go higher, but at some point it will get harder, we need to make sure that's as late as possible, that's it. All these drops and bears and all that are just fun to see because we know its not going to happen, and we shouldn't be really worried about it at all, its just FUD people like to spread.

Dead cat bounce? Are you kidding me it has passed over 23k, that means it's going up a lot more than just a dead cat bounce. That would have been true maybe like 20% ago, but now we are too high. Even if it doesn't end up going to 30k or 50k or whatever, it has gone up a lot to call this a dead cat bounce, it's beyond that already.

It's start of a bull run, there is no guarantee that this bull run will go on, it's only a possibility that we are going to end up with something much clearer and I think it's going to be at a point where it will make sure that we are going down at a great path to this. I think just keep holding and making profit will prove you wrong.

Bitcoin doesn't directly depend on what's going on with the global economy. The global economy was in big trouble when the pandemic and lockdowns started, but Bitcoin managed to recover pretty quickly and had a great time when supply chains were frozen and the world was full of uncertainties. So whether you believe that the global economy is already recovering, Bitcoin can lead its own life. It's possible that it will go below $20k. I'd even say it's very likely that it will happen and that the current upward trend is very temporary. But it doesn't have to crash, and maybe it won't. In any case, I don't think there's any reason to worry, regardless of whether we're already en route to the new ATH or will experience a bumpy ride.

Not many people are thinking negatively after seeing the price bump that BTC is having lately. It's quite a long time since we stayed on $22k and $23k level so I won't say that it's easy for the price to fell under $20k but if let say it falls, I don't think it will fall under $15k so I am sorry to say this but $12k is not possible for Bitcoin right now, though who knows this might be possible on the next bear market but for now we will see a bull run first.

There is a change in the world and one of it is the inflation have decline by some percent. And I think this was also the reason on why we are seeing an increase in the value of cryptos lately. I hope things will get even better now.

On the contrary, I think we did feel the impact of the rate hikes (the dollar was well above the euro for a good time, and also all time highs against my local currency) -- but that was always going to be temporary and the return to "norm" now exposes long-term vulnerabilities of the dollar.

I do feel a "black swan" is yet to come but yes, that will be as deep as it will be temporary. My DCA should enjoy that short period =)

TA might be a good help to guess where the price is going to be, but still no assurance where the price will go, either $12k as it's lowest, or go up again to $25k in the short amount of time.

But looking at the movement now, most likely, or what I wanted is the price to continue to go up to $25k. So no scenario of $12k, and it means that we have reach the lowest low already for this bull run at $15,500. So I think majority is also looking at $25k-$30k to be the next price before predicting the next signal as where the price is going to be.

I don’t think Bitcoin ever sees $12,000 again. I’d be pretty shocked if it did. I think if it wasn’t for FTX absolutely doing everything they possibly could to take down the Bitcoin market, we would have never dropped below $20,000 to begin with. As we appear to already be into the next 4-year cycle, I think the price really has only one way to go for the next few months, up.

Sure it's still possible for BTC to break down below 20k again but 12k as your title makes it look like that's what you're gunning for...  I don't think so or at least the window for the possibility of 12k is closing.  After all the stuff that has gone wrong last year, 12k should have already happened.  But it didn't.  It just shows to tell you that there are a lot less people willing to sell their bags at around 16k.  The right move imho.

So yeah...  The range BTC had from June to November could be it and it might not go back there again.  :/

Bitcoin has started 2023 well, but this could still not be used in judging what it would do most in the year. The economics are still biting but subsiding, which is a good hope for the coin. Yet, one should know that it might be difficult for it to reach the low of last year of about $15,500 anymore. And if that level breaks, anything could happen, including your suggested $12,000.

Nonetheless, I don't see that coming for now, all I expect is for the coin to retire a little and continue its bullish movements for a test of above $25,000 before deciding further on what to do.

I'm okay if the bitcoin price falls below $20k because that will be another opportunity for me to buy bitcoin at a low price. You shouldn't be afraid of the news that says bitcoin will fall back and even deeper because if you see bitcoin's potential so far, you can get big profits when the price increases again, especially if the price returns to make new ATH. So before that happens, you must prepare yourself by having more bitcoins to get the maximum profit later.

It seems to me that bitcoin is in bad demand right now. You can see that in the volume of purchases. It looks more like a dead cat bounce to me. I don't know if we will see 12k for bitcoin, but the price could easily fall again. So far, nothing has changed positively in the world and inflation has not gone anywhere.

I doubt we will see 12,000$ unless something very bad happens, there is really no need for panic or worries on my side because I bought at every dip, 17k, 15k, so even if 12k do come I am ready to DCA over again, it might be the finest buying opportunity before we start seeing better market behavior till the beginning of a new bull market.