Bitcoin is on the Verge To Slice Through $30,000

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Quote from: Kemarit on January 06, 2023, 05:31:52 AM

-snip-
And with the current market situation, still a win win for them, total accumulation, very cheap price and even if it went to $30,000 or $13,000 they will continue to accumulate because this whale are smart and knows when to amass and stockpile BTC and when is the right time to make a selloff for easy huge profits at hand in the future.

Whales have their own strategy. they will continue to buy when the price continues to fall and will sell when the price is high enough. Do not go against their currents, otherwise, you want to be swept away by strong waves.

Just follow their flow, whales also know what steps they take next. current market conditions allow us to continue to collect Bitcoins before reaching $30,000. If it drops to $13,000 it's a good opportunity to buy again.

The most important thing is to have cash reserves and be prepared for uncertain market conditions. Meanwhile, the market is still holding on at $16,800. Wait and see

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Quote from: OgNasty on December 29, 2022, 04:25:53 PM

I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap. I'm not sure $30K is the target they're looking for though. Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again. It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish. Whether it hits $13K or $5K won't matter when it hits $200K in a couple years. Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

For selling? I doubt that $30,000 will be the target of this big boys in the market. They have change the game and rules already so they might be looking for at least 6 digits before they will sell and offload some of their stash.

And with the current market situation, still a win win for them, total accumulation, very cheap price and even if it went to $30,000 or $13,000 they will continue to accumulate because this whale are smart and knows when to amass and stockpile BTC and when is the right time to make a selloff for easy huge profits at hand in the future.

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Quote from: Hamphser on December 29, 2022, 05:28:25 PM

My main priority is to make myself that able to survive and doesnt matter if this one talks about traditional investments or focusing on crypto space, and as long i do make profits or income then this is what counts.

Im really that indeed preparing for some recession and some that inevitable inflation that we are all that is trying to fight and survive on.In speaking about crypto investment or simply with Bitcoin then
i do really make out some investment or some savings through Bitcoin.Although im not really that expecting that much whether this thing would fly away or boom out on upcoming years to come or
would simply just dump down.No one really knows on what would the future looks like and the most important thing to be done or to do is to make yourself that prepared ready for
some actions that you would be making on that particular point.

Inflation makes bitcoin prices go up, and even though inflation may slow down and prices may stop going higher, it will not go down neither. Something that goes up a lot doesn't go down but stays the same and that means inflation is low, what happened has already happened and it will stay that way.

This causes bitcoin to go down in price because inflation is going down but when the high interest rates stops because of inflation rates, then we are going to end up with lower amount of interest rate when inflation stops and that means that we are going to have a higher bitcoin price because people will withdraw their money from banks and invest into assets.

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Quote from: OgNasty on December 29, 2022, 04:25:53 PM

I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap. I'm not sure $30K is the target they're looking for though. Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again. It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish. Whether it hits $13K or $5K won't matter when it hits $200K in a couple years. Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

My main priority is to make myself that able to survive and doesnt matter if this one talks about traditional investments or focusing on crypto space, and as long i do make profits or income then this is what counts.

Im really that indeed preparing for some recession and some that inevitable inflation that we are all that is trying to fight and survive on.In speaking about crypto investment or simply with Bitcoin then
i do really make out some investment or some savings through Bitcoin.Although im not really that expecting that much whether this thing would fly away or boom out on upcoming years to come or
would simply just dump down.No one really knows on what would the future looks like and the most important thing to be done or to do is to make yourself that prepared ready for
some actions that you would be making on that particular point.

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I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap. I'm not sure $30K is the target they're looking for though. Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again. It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish. Whether it hits $13K or $5K won't matter when it hits $200K in a couple years. Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

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Quote from: Baofeng on December 17, 2022, 04:40:28 PM

Quote from: S A KHAIR on December 17, 2022, 10:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 10:24:43 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.

See the current sentiments of the market I don't think that bitcoin will dumb further for this year. Also they are 2 to 3 days left in the monthly closing and we will close the month near about 16500 to 17000$.

Now comment to the question that whether bitcoin will reach 30000$ early next year I also don't see the possibility of this happening. Bitcoin will remain in range about 20,000$ in the next two quarters before making any major steps towards 25000$ and 30000$.

In the long run the future of bitcoin is bright and anyone who trust bitcoin will surely get this opportunity to buy and accumulate as much as bitcoins for the next bull market.

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Quote from: wxa7115 on December 23, 2022, 01:59:53 AM

Quote from: michellee on December 22, 2022, 08:11:13 AM

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

It seems to me that at this point we need to try to reduce the price we expect out of bitcoin during the next months, since bitcoin is unable to even surpass 20k so reaching 30k soon is going to be many times harder.

Now in the past we have seen that during the year before the halving the price has a tendency to recover, but I suppose we could see this during the second quarter of the next year, as we need some time for people to recover from all the bad news we have been getting during this year.

I think when we moved past our support of $20,000 that's where our expectations should be lower, I mean that is the biggest mental barrier for all of us, round numbers but then when it was broken and we did try to come back, but we are not that successful, then obviously, it will be very difficult time ahead of us and so we shouldn't expect something big to happen in 2023.

Another bear market and maybe we will see the final capitulation in this crypto winter, it could be around $10,000-$13,000, just saying. So we should be prepared for the worst and not expect a big jump in prices. Recovery might come later.

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Quote from: michellee on December 22, 2022, 08:11:13 AM

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

hope there is big support so it can pump of course that's the hope but i doubt it. it is true that currently the price is very stable at around $ 16K and will likely continue to remain so until the end of December, because nothing can be expected to make bitcoin increase, let alone to $ 30K.
I am also the same as you, friend, there are doubts, because many economic analysts have said that 2023 is entering the year of the world economic crisis. so we can be sure that bitcoin will also have an impact on this situation, because everyone will restrain themselves. only want to spend existing funds on things that are very important. such as the necessities of daily life.
so I think that in 2023, if you can survive at current prices, this is a very special thing, of course, it's not impossible that it will drop even more than now.

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Quote from: michellee on December 22, 2022, 08:11:13 AM

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

It seems to me that at this point we need to try to reduce the price we expect out of bitcoin during the next months, since bitcoin is unable to even surpass 20k so reaching 30k soon is going to be many times harder.

Now in the past we have seen that during the year before the halving the price has a tendency to recover, but I suppose we could see this during the second quarter of the next year, as we need some time for people to recover from all the bad news we have been getting during this year.

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It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

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How I wish this would happen to zip the mouths of those who are making FUD but there's a chance we will close at a stagnant position of 16-18k and it would last until the end of this year until the first quarter.
We need to see economic change first, if prices of all necessities especially food are still soaring then we won't see demands in the investment category.
They'd rather save that money for now in case everything goes cheap again.

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Quote from: Davian144 on December 21, 2022, 05:42:43 PM

Quote from: Vinaa77 on December 21, 2022, 02:08:40 PM

Everyone can estimate the price of Bitcoin. Maybe the prediction was based on previous experience, or something happened that made the price pump or dump. But I'm not really sure about the predictions for this year or the next year. Because the stages for the Bitcoin price pump have not been exhausted in two years. I think that initial start will occur in September 2023.

And there is also the possibility that sooner than you expect, that in the next year there are more things that can influence investors to buy more Bitcoin at low prices or before prices get more expensive than they are now. And if you yourself are not so sure about other people's predictions, then why can you be so sure about these early starts in September 2023? Because I also don't think that it's a prelude to an increase in the price of Bitcoin in the next year.

The only thing on which we do really believe that this market would be having some positive movement is on the time after the halving event do happens.Yes, we do have those experiences
back in the past on how the market ends up after halving or several months after that.Although, its not not assurance that it would really be having the same behavior or
situation considering that we dont know on what the future brings. Demands could really be totally different this time or would not.
This is why its really hard to make out conclusions on something very unpredictable market that we do have.

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Quote from: Vinaa77 on December 21, 2022, 02:08:40 PM

Everyone can estimate the price of Bitcoin. Maybe the prediction was based on previous experience, or something happened that made the price pump or dump. But I'm not really sure about the predictions for this year or the next year. Because the stages for the Bitcoin price pump have not been exhausted in two years. I think that initial start will occur in September 2023.

And there is also the possibility that sooner than you expect, that in the next year there are more things that can influence investors to buy more Bitcoin at low prices or before prices get more expensive than they are now. And if you yourself are not so sure about other people's predictions, then why can you be so sure about these early starts in September 2023? Because I also don't think that it's a prelude to an increase in the price of Bitcoin in the next year.

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Is this thread actually meant for this moment or a just dreamer paradise statement, bitcoin is way below the $30k price mentioned in the ops, and with the present bear market condition or very hard to see that price in view any time soon.
Predicting 43k and 30k bitcoin price on short term note is definitely the fastest way to get frustrated when the price did not make any attempt to climb to that height, but may be short yes! We can expect such a surge and recovery but we will really be needing some motivation to wait it out all through the time before Bitcoin will recover back to that price.

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Quote from: iamsange on December 20, 2022, 06:10:30 PM

Quote from: Lubang Bawah on December 19, 2022, 11:37:32 PM

We hope that prices can touch $ 30k soon, if prices continue to slow down as it is now certainly makes us worry whether we can rise in a short time or not, even though previously we can rise again but it takes a long time, and most people sometimes can't to wait. And if you can return to the $ 30k level, it certainly makes people more optimistic about the future of Bitcoin.

You are also one of those people who can't wait for an increase in Bitcoin if you keep hoping the price can touch $ 30k in a short time. Because with the decline that has included a very large percentage this year, it is clear that Bitcoin will not immediately touch the price of $ 30K in a short time unless there is a moment or news that can influence investors to continue to buy Bitcoin in large quantities in the market at this time.

There are many people like that right now, they are expecting that the price of bitcoin presents an important recovery, however this is very unlikely to happen as the conditions are not there for this to happen, now if those people could simply accept they made a mistake when they made their prediction then everything will be fine, but most likely when bitcoin does not reach their predicted price of 30k those people will get incredibly discouraged by it and they could decide to sell their coins for a loss.

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Quote from: Pam beasely on December 16, 2022, 02:15:24 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?

Everyone can estimate the price of Bitcoin. Maybe the prediction was based on previous experience, or something happened that made the price pump or dump. But I'm not really sure about the predictions for this year or the next year. Because the stages for the Bitcoin price pump have not been exhausted in two years. I think that initial start will occur in September 2023.

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Quote from: kamvreto on December 19, 2022, 04:55:01 PM

Quote from: gantez on December 19, 2022, 04:39:44 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.

2024 is not a long a time to reach from now that we already closing to 2023. Though bitcoin drop by 70% but still strong the past two months with fud of FTX exchange. The uncertainty that raise in bitcoin adoption or ban coming often but yet bitcoin sustain the heat and moving to next halving.

Quote from: kamvreto on December 19, 2022, 04:55:01 PM

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.

No doubting that bitcoiners know that bitcoin halving is a time for another bull and to reach another Ath so that is standard and happening that way

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To be honest, $30k is a long way off. You never know what might happen, but I don't see anything on the horizon that would have raised the price significantly. You have to think that a rise to $30k from the current price is almost 100% upside and neither macroeconomic data nor specific news about Bitcoin or the crypto ecosystem make us think that we can go up so clearly.

I do expect 2023 to be a year with positive returns, but from the current price it's easy.

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Quote from: Lubang Bawah on December 19, 2022, 11:37:32 PM

We hope that prices can touch $ 30k soon, if prices continue to slow down as it is now certainly makes us worry whether we can rise in a short time or not, even though previously we can rise again but it takes a long time, and most people sometimes can't to wait. And if you can return to the $ 30k level, it certainly makes people more optimistic about the future of Bitcoin.

You are also one of those people who can't wait for an increase in Bitcoin if you keep hoping the price can touch $ 30k in a short time. Because with the decline that has included a very large percentage this year, it is clear that Bitcoin will not immediately touch the price of $ 30K in a short time unless there is a moment or news that can influence investors to continue to buy Bitcoin in large quantities in the market at this time.

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We hope that prices can touch $ 30k soon, if prices continue to slow down as it is now certainly makes us worry whether we can rise in a short time or not, even though previously we can rise again but it takes a long time, and most people sometimes can't to wait. And if you can return to the $ 30k level, it certainly makes people more optimistic about the future of Bitcoin.

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Quote from: Fundamentals Of on December 19, 2022, 09:11:01 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.

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Quote from: mk4 on December 16, 2022, 03:05:51 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.

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Quote from: Oceat on December 19, 2022, 05:58:09 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.

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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.

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Quote from: Pam beasely on December 16, 2022, 02:15:24 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

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Quote from: gantez on December 19, 2022, 04:39:44 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, 09:07:10 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.

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Quote from: dunfida on December 17, 2022, 05:43:20 PM

Quote from: Baofeng on December 17, 2022, 04:40:28 PM

Quote from: S A KHAIR on December 17, 2022, 10:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 10:24:43 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, 04:40:28 PM

Quote from: S A KHAIR on December 17, 2022, 10:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 10:24:43 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, 10:48:40 AM

Quote from: AbuBhakar on December 17, 2022, 10:24:43 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, 10:24:43 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, 02:15:24 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, 03:58:42 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, 04:37:51 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, 11:39:23 AM

Quote from: EarnOnVictor on December 16, 2022, 04:12:02 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, 02:15:24 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.

ilovealtcoins

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Quote from: EarnOnVictor on December 16, 2022, 04:12:02 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.

redsun114

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Quote from: Yaunfitda on December 16, 2022, 06:05:59 AM

Near future? when it that? 2023 or 2024?

Definitely if we get to 2024 then maybe we will see the price to $30k, however, we might be in the bull run that time so that price range is possible.

But if he is talking about 2023? I doubt that we can get to $30k because the sentiments is still negative. Haven't you seen the price, we have reach $18k++ but then suddenly the price goes down < $17k.

Maybe in 2023. I wouldn't consider it this year because we are already ending it but there are some predictions who are specific and is pointing out about this month of December. $30k was only small in my opinion so it won't take 2024 to be able to see this but maybe we can achieve this in the early quarter of 2023.

2024 is the halving time for BTC and everyone is expecting a massive gain during that time. I think BTC is already over $69k once we get there. We reached $18k last time and it wasn't far from $17k so obviously, it will always fall back there, if there are no positive movements. It's not a big loss. Price can fall but it doesn't mean it will never recover again.

Yaunfitda

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Near future? when it that? 2023 or 2024?

Definitely if we get to 2024 then maybe we will see the price to $30k, however, we might be in the bull run that time so that price range is possible.

But if he is talking about 2023? I doubt that we can get to $30k because the sentiments is still negative. Haven't you seen the price, we have reach $18k++ but then suddenly the price goes down < $17k.

Broadanbig

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Quote from: Pam beasely on December 16, 2022, 02:15:24 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 strongly believe all these are just speculations as no one can predict easily the next move of btc in a short time. Anything can happen in-between that can cause a sudden drastic upward or downward change in trend. Do not forget that there has been a lot that happened of lately which also affected the market significantly. These happenings that effected the market were all unforeseen by these spectators so tell me how were they able to speculate or rather predict the price of btc in a short while

Nrcewker

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Predictions are not accurate as we know. So anything can really happen. And to be honest, as this thing is really trending everywhere, so this will ultimately lead to the price rise of Bitcoins. It’s already seen that Bitcoins are moving up in their prices when December started. If it keeps the same pace and ends at December, then definitely new year will be really big for Bitcoins and all the Bitcoin holders. Let’s hope for the best and buy as many Bitcoins as we can in this bear time, and let’s wait for new year.

hugeblack

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I remember that the price faced violent resistance before the levels of 24K, and therefore it is difficult to break it in the current market conditions, and if it succeeds, the historical support level at 28K will turn into resistance levels that are difficult to break.

Therefore, it is difficult during the next year for us to return to those levels, but the price may try to stay near the $28,000 levels, especially with the recent inflation data.

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: Pam beasely on December 16, 2022, 02:15:24 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?

You know there is a place in this forum where you can make speculations about Bitcoin price... It is a sub-forum called Speculation - https://bitcointalk.org/index.php?board=57.0

feel free to post your price speculations there. Although without a more in depth analysis explanation I doubt that anybody will take your prediction very seriously. I would recommend you add charts and serious sources as well as explaining your logic in a more detailed fashion.

Having said that, I strongly believe that Bitcoin will be over 100k in the near future. A lot of people here think the same and they have even provided reasons why it will be so. My favorite chart which points towards 100k is the logarithmic chart.

EarnOnVictor

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This topic would have best fit under 'speculation' as it's a theoretical prediction on what BTC would do. Many theorists are out there and would say one thing or the other about BTC, one should only be careful and perform their own studies regularly too. And based on my trading experience, what Micheal van de Poppe relies on is a swing cycle on a certain higher chart, and it often works.

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.

mk4

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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.

DapanasFruit

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In my own opinion, we are experiencing right now the resiliency of Bitcoin despite the many negative developments that happened, happening and can happen with the cryptocurrency industry. BTC has proven to be an insulator in itself. And I think that it is good...as if it is setting up or laying the ground for a near-term big pump. Yes, there is a big possibility that in the first quarter of 2023 we can see BTC crossing the $30K line, unless of course something can happen to shake the whole industry like for instance the collapse of another major crypto platform.

Pam beasely

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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?

Topic: Bitcoin is on the Verge To Slice Through $30,000 (Read 536 times)