Bitcoin is on the Verge To Slice Through $30,000 - page 2.

edward500

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Quote from: Fundamentals Of on December 19, 2022, 10:11:01 PM

Not really bearish but not also bullish. I think the month of December and therefore the year 2022 will be closing with Bitcoin less than $20,000.

All those predictions above are probably not happening. Coinpedia's $43,959.19 is impossible within the year already. Even van de Poppe's $30,000 is very hard to happen. Not even $23,218.00 will happen in December. I'm expecting Bitcoin to just maintain within its current price range for the rest of the year. So that's $16,000 - $19,000.

I agree with this also, probably 15K to 19K.

The big issue is that the FED is just reducing the money supply, there simply isn't all this money out there flowing around with their quantitative tightening. The money supply is being contracted so much that it really impacts how much money is available to push asset prices higher.

You would then think the world would have some influence, but I think most of the price of bitcoin is because of the USA.

Fundamentals Of

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Not really bearish but not also bullish. I think the month of December and therefore the year 2022 will be closing with Bitcoin less than $20,000.

All those predictions above are probably not happening. Coinpedia's $43,959.19 is impossible within the year already. Even van de Poppe's $30,000 is very hard to happen. Not even $23,218.00 will happen in December. I'm expecting Bitcoin to just maintain within its current price range for the rest of the year. So that's $16,000 - $19,000.

Ojima-ojo

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Quote from: mk4 on December 16, 2022, 04:05:51 AM

Seems like a pipe dream, but I long for the day that people finally stop taking these aNaLYsTs seriously. They don't know crap — because no one knows crap what's going to happen.

Exactly expecting Bitcoin to move in whatever desirable pattern and given it a speculated timeframe, is like waiting for the coming of Jesus Christ because no one knows when that time will be, so anyone speculating and predicting the piece of Bitcoin is just doing a goes work and wishing for what is not visible but expected.

30k Bitcoin price is still within Bitcoin market reach for short tern prediction but in the same way, a 30k bitcoin price may take some years to be achieved.

dunfida

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Quote from: Oceat on December 19, 2022, 06:58:09 PM

The bear market has just started and we already felt what it's like to be in bearish market. It seems like the correction won't stop unless we see a new bottom desired by most investors so that they can buy as much as they can. Bear market plus FUD is a great combo to see who are those weak hands and who are strong enough to hodl and stay patient.

These analyst are just the same as the other speculators we encountered in every price speculation. But believing what they said might cost you something if you tried to get in or risking if you aren't ready enough to risk. These prediction will happen someday but not right now.

We've been through lots of bearish market situations or conditions on which we've seen the worst specially on that $3k wayback where we do almost believe that it might be going back into those 3 digit prices.

Now the price is playing around 15-17k which it is really hard to determine whether there would be some break out or we would really be moving sideways for how many months until we do make out some

bullish movement.Its really hard to make out some conclusions specially on a market which is really that too unpredictable.$30k is possible but we dont know on when,
there's lots of fears and uncertainties on the market atm.

Oceat

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The bear market has just started and we already felt what it's like to be in bearish market. It seems like the correction won't stop unless we see a new bottom desired by most investors so that they can buy as much as they can. Bear market plus FUD is a great combo to see who are those weak hands and who are strong enough to hodl and stay patient.

These analyst are just the same as the other speculators we encountered in every price speculation. But believing what they said might cost you something if you tried to get in or risking if you aren't ready enough to risk. These prediction will happen someday but not right now.

Newlifebtc

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Quote from: Pam beasely on December 16, 2022, 03:15:24 AM

After retaining a extremely good upswing during the previous day’s trade, the Bitcoin rate corrects itself barely by means of dropping with the aid of more than 4%. While the buying and selling extent remains rather high, the possibility of mounted selling pressure over the token since the early training hours.

BTC Price Prediction

The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

Sources - https://www.youtube.com/watch?v=7u_ylhYcvdA and https://coinpedia.org/price-prediction/bitcoin-price-prediction/

Will BTC close to monthly trade on a bearish note?

I don't like evolving myself into big storm prediction because of times now we predict the prediction for back to us because we are not in Accra at site of ovulation where am I when we are predicting front bitcoin will be going back so that is why I does not admire any prediction from anybody even though you are an expert who predict accurately ambedkar and I cannot accept your prediction that I cannot give you the wrong a prediction of Bitcoin

kamvreto

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Quote from: gantez on December 19, 2022, 05:39:44 PM

Halving have been the time for bull market and this next block splitting is expected to be like that like we have another ATH for bitcoin.

It is everyone's hope that the 4th halving will be the point where the new ATH will be reached. But it will still be a long time, we have to get through 2023 which may be a year of uncertainty about how bitcoin will develop. in 2022 we have gone through many events that made bitcoin crash by more than -70%. today even bitcoin is tackling the $16k area again and will likely be even lower due to lots of FUD circulating.
Don't expect too much from an analyst's prediction because they also don't fully know what will happen. we better believe in what we hold at this time, and of course, bitcoin for the long term is the best investment. and once again we expect a new ATH to be reached before the 4th Halving takes place.

gantez

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Quote from: Yatsan on December 19, 2022, 10:07:10 AM

If we'd measure tendencies, the biggest chance for a market recivery is on 2024 wherein 2nd bitcoin halving is anticipated to happen. Such event could boost the moral of investors towards this industry. But if there will be sonething having the same possible effect, price may recover sooner than expected.

The next halving in 2024 will be the fourth for bitcoin. We already have 3rd halving in 2020 and this happen every 4years

Halving have been the time for bull market and this next block splitting is expected to be like that like we have another ATH for bitcoin.

Yatsan

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Quote from: dunfida on December 17, 2022, 06:43:20 PM

Quote from: Baofeng on December 17, 2022, 05:40:28 PM

Quote from: S A KHAIR on December 17, 2022, 11:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 11:24:43 AM

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.

I don't think we will fall even further at the end of the year, we have seen lowest low already at $15,500 and that will be the bench market for 2022. But I will agree that next year is another bear season for all of us. And with the economic conditions around the world not improving, we might see another lowest low for all we know.

So that $30k for now would look like a dream to us. And so we just have to be very positive that despite being in this kind of situation, we can still recover in 2024, right after the bitcoin block halving as it will be the catalyst for the next bull run. Long way to go but we can start with small steps from next year onwards.

The target we do mind off is on how to break that 20k resistance until we do able to reach out that $30k.Seems off that it is really a bit further if we do consider that we are needing that 100% increase into its price

which we know that it isnt really something easy to attain considering that there are lots of strong resistance above on the current price level as of this moment.Take a look on what happened on that 17k price point
which it didnt really able to reach out even on breaking that 18k.

This is why its better not to make yourself mind off or in a hurry on reaching up these points but rather be thinking on how you would be accumulating these cheap prices.

At this moment, seeing how the market price struggle is the problem. It is even having a hard time maintaining a $17k market value. So I guess It is still impossible for the price of Bitcoin to reach $30k mark soon. I think it is more likely to go through months before such thing occur or be visible once again in this market situation. If we'd measure tendencies, the biggest chance for a market recivery is on 2024 wherein 2nd bitcoin halving is anticipated to happen. Such event could boost the moral of investors towards this industry. But if there will be sonething having the same possible effect, price may recover sooner than expected.

dunfida

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Quote from: Baofeng on December 17, 2022, 05:40:28 PM

Quote from: S A KHAIR on December 17, 2022, 11:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 11:24:43 AM

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.

I don't think we will fall even further at the end of the year, we have seen lowest low already at $15,500 and that will be the bench market for 2022. But I will agree that next year is another bear season for all of us. And with the economic conditions around the world not improving, we might see another lowest low for all we know.

So that $30k for now would look like a dream to us. And so we just have to be very positive that despite being in this kind of situation, we can still recover in 2024, right after the bitcoin block halving as it will be the catalyst for the next bull run. Long way to go but we can start with small steps from next year onwards.

The target we do mind off is on how to break that 20k resistance until we do able to reach out that $30k.Seems off that it is really a bit further if we do consider that we are needing that 100% increase into its price

which we know that it isnt really something easy to attain considering that there are lots of strong resistance above on the current price level as of this moment.Take a look on what happened on that 17k price point
which it didnt really able to reach out even on breaking that 18k.

This is why its better not to make yourself mind off or in a hurry on reaching up these points but rather be thinking on how you would be accumulating these cheap prices.

Baofeng

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Quote from: S A KHAIR on December 17, 2022, 11:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 11:24:43 AM

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.

I don't think we will fall even further at the end of the year, we have seen lowest low already at $15,500 and that will be the bench market for 2022. But I will agree that next year is another bear season for all of us. And with the economic conditions around the world not improving, we might see another lowest low for all we know.

So that $30k for now would look like a dream to us. And so we just have to be very positive that despite being in this kind of situation, we can still recover in 2024, right after the bitcoin block halving as it will be the catalyst for the next bull run. Long way to go but we can start with small steps from next year onwards.

S A KHAIR

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Quote from: AbuBhakar on December 17, 2022, 11:24:43 AM

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.

AbuBhakar

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🇵🇭

Quote from: Pam beasely on December 16, 2022, 03:15:24 AM

BTC Price Prediction

The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

I’m surprised that some media outlet is still positive on Bitcoin price despite many controversy happening on crypto space and the looming recession. I believe those price predictions above 20K will only happened after the recession hits and not before so it’s useless to provide an optimistic prediction like this without taking consideration on what’s coming to crypto.

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

ilovealtcoins

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Quote from: Johnyz on December 16, 2022, 04:58:42 PM

... If Bitcoin will still hit another bottom, we can expect a huge buying power at that level and for sure we will not stay longer on that bottom price.

Nothing is certain, if you say that there will be more buyers when bitcoin has a new low, then why can't bitcoin hold the recent low and want to find a new low in a few months? The lower the bitcoin price, the more people are dumping rather than buying, which is the general market sentiment. Only a few buy because they have faith in bitcoin and they are the ones who know bitcoin will recover in the long term.

wxa7115

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Quote from: JoyMarsha on December 16, 2022, 05:37:51 PM

Everyone can speculate about the price of bitcoin on the cryptocurrency market over short or long time horizons. The more predictions they make, the more inaccurately they foresee the price of bitcoin in the future.

I've come to the conclusion that I won't be swayed by future bitcoin price predictions or pay attention to them again. I follow the direction that the price of bitcoin takes rather than hoping and trusting what Mr. A and Mr. B say will happen to the price of bitcoin in the future because they are unable to predict where it will go in the near future.

And this is the right approach, there are so many predictions out there which can range from bitcoin going all the way to zero to bitcoin being worth millions of dollars in a few months, and when there is so much disparity between the predictions people get confused about what to do.

So the best thing we can do is to ignore them and simply invest in assets that we believe will do great over the long term, and at least to me bitcoin fits this criteria, which is why I simply accumulate bitcoin and then forget about it, and while it is interesting to read the predictions of others about what the market could do, I do not let those predictions to affect my approach to the markets.

ethereumhunter

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Now the BTC price has fallen at $16,721 and we don't know if it will continue to decrease or increase. But it looks like right now, a correction could still occur again and there is a possibility that the price will still decline to a lower price.

In December last year, the price started to decline after hitting a high and now it has also decreased and even returned to the $16k level. Maybe next year market conditions will still experience a decline or maybe it will experience sideways again but hopefully there will be a price reversal for bitcoin especially if global economic conditions can improve somewhat. You need to be careful with the analysis made by people and you should also analyze it yourself and not depend on their analysis.

JoyMarsha

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Everyone can speculate about the price of bitcoin on the cryptocurrency market over short or long time horizons. The more predictions they make, the more inaccurately they foresee the price of bitcoin in the future.

I've come to the conclusion that I won't be swayed by future bitcoin price predictions or pay attention to them again. I follow the direction that the price of bitcoin takes rather than hoping and trusting what Mr. A and Mr. B say will happen to the price of bitcoin in the future because they are unable to predict where it will go in the near future.

Johnyz

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Quote from: ilovealtcoins on December 16, 2022, 12:39:23 PM

Quote from: EarnOnVictor on December 16, 2022, 05:12:02 AM

Regardless, I conclude by my analysis that BTC has bottomed already, I don't see it breaking $15,000 any time soon, and it might reach as high as $35,000 in 2023.

I have the opposite analysis, we haven't bottomed yet and even bitcoin will fall even further in 2023. As the world economy is still very volatile and we are still in a 4-year cycle, expecting bitcoin to increase in price in 2023 is far from reality. bitcoin will drop below 12k in 2023 until the end of 2023 we could see bitcoin start to recover.

Many are still looking for this possibility and yes, there are still chance that we hit this price level because of the market volatility and the bear trend is still strong. Though I believe that in Mid 2023, we will start the recovery because the hype for the halving will start again and that could trigger the bull trend. If Bitcoin will still hit another bottom, we can expect a huge buying power at that level and for sure we will not stay longer on that bottom price.

Hypnosis00

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Quote from: Pam beasely on December 16, 2022, 03:15:24 AM

However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.

He can be beaten by his own prediction easily. Well, that can be a safe prediction as it will certainly reach, no doubts about it. But if he thinks this will happen this year, that is gonna be impossible. Even reaching too $25 is hard but saying that Bitcoin will reach $20k this year, that was very close to reality ( and we are very close to that).

Anyways, anyone can make their own speculations and market assumptions. However, it was not the thing we believe because, in reality, nobody would have the crystal ball to see where the price of Bitcoin goes. And they all just fail.

el kaka22

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It is easy to give out numbers but how true they will be is yet to be seen. Right now we are already under 17k and that means we are not looking that great yet. By the end of the year, we are probably going to end up with something that will hurt us further and it's going to be bothering everyone for a while.

I hope that it will recover like you guess it will but it looks like it's not going to be recovering just yet. Sure 30k is not a big deal if we ever reach bull run, because we skyrocket very quickly and those prices could be reached, but it doesn't mean that it is a guaranteed thing, it will take some time before we could reach that bull run, it's not happening anytime soon by the looks of it.

Topic: Bitcoin is on the Verge To Slice Through $30,000 - page 2. (Read 454 times)