Topic: Bitcoin may not hit $24,750 again in 2023 - I'm bullish till 2024 (Read 505 times)

The chance of BTC touching mid $20k in 2023 is not very bright. I think the BTC price will gradually increase to $45k at the end of this year. This is important for the BTC's next bull run. The price might see a slight dip in the first quarter of 2024, right before the BTC halving event. Afterwards, the price will surge steadily and reach a new ATH somewhere in 2025. BTC ETF approval might trigger the new ATH earlier than expected.

Anything is possible in this market. That's why you should never speak for sure. At the same time, it is necessary to keep cash in case the prices of our investments may decrease and to look for opportunities to buy at a low price. Therefore, acting with the idea that nothing is certain in the market allows for more solid action.

Just as no one predicted that the Luna and FTX incident would happen, there is a possibility that there will be other events that may happen in the future. That's why it is necessary to be careful in the crypto market.

I wish people could just understand that. The predictions, the assumptions, all those made up things are fake, it's just thoughts we have, it's the analysis we make, none of the mare real. Just because I check through some data and think that it will happen like this or that, doesn't mean that it will happen that way, I could be very wrong, we do not really know what's going to happen, we just need to make sure that life is not all that simple, we need to arrange something that could change in the end.

Hopefully not everyone could end up with a life that could be all that different, we need to realize that we can't really have all kinds of different situations, we need to be careful about what we are doing and not consider our analysis like a rock solid foundation that can't be wrong. We could very well be wrong, so we need to make our analysis, but we need to be also careful about being right or wrong, we need to be making sure that things are ready for anything.

Just a few minutes ago - a correction occurred, making the price of bitcoin touch the level of $35,800. A new support level has formed and it is now time to expect a follow-up rally to test its strongest resistance at $40K. I also believe $40K is a possible price given the positive trends and rumors so far - but the possibility of failure remains.

To fall to the $30K level again then we need to get negative news that hurts the market. Large investors are starting to believe that a bitcoin ETF will soon be approved - but if it is ultimately rejected, then high volatility in the market will allow the price to drop below $30K again. Current fundamentals are still good - but I hope that won't change soon.

The current bitcoin chart is not showing any sign of reversal any moment. All the indications are pointing towards 40k which is very possible this year. Even 45k is also possible but I cannot tell about 50k this year, however, 50k is eminent in the first quarter of next year.

Talking about the bear market. I know that bitcoin is going to cool off from now till halving and that cooling off will be the momentum to take off for the bull run. The bitcoin price will definitely drop but I am not sure it will drop below the 30k radar.

I encourage you to be a fan of Fibonacci because it works. I've known this tool for about 18 years and it works well especially when used on larger charts. It has worked again this time, hurray!!!

There's no guarantee in the market, we are all speculating. Simply because I called a condition doesn't mean I know the future 100%. But guess what, my regular analysis of Bitcoin is now over 95% accurate. Thanks to training and dedication. Should I now see a market scope and still be shy to call it out despite my track record? I guess not, and this is not in any way an endorsement, we are all traders and speculators after all.

If you pay attention to my chart and analyses, you will realise that the first one is for the long term, an indication that the market is heading for its much anticipated bullish run that will eventually hit the ATH again. I never predicted that it would happen this year, it's just an expression that Bitcoin is creating its bullish pattern toward the expected bull run.

But of course, the second which is the Fibonacci analysis must happen this year, and thankfully, it has happened already.

Sorry about your experience in trading, maybe you need to learn better by yourself and trade to earn conveniently all by yourself. I encourage you as this is possible, and reliance on people's analysis might not be the best since you don't know their true capacity. But for me, I pride myself on this forum that all my trading commentaries are still 100% accurate to date, that's aside from instinct plays. This is why I encourage you to also learn trading from the right sources and you might begin to see things differently.

I congratulate you once again my friend, keep smiling to your wallet... . Frankly, there is no need to rush in this case, Bitcoin will reach the mooooon. But if at all you would liquidate your position over time, please, ensure that your technical chart guides you, let the weekly and monthly charts be bearish, that's only when you can be sure of the start of a bearish leg.

Do you really think that after all these years of China "Banning" cryptocurrency that they haven't been buying any themselves? In fact, do you think that el Salvador is the only one who is buying?

China is one if the countries who would never openly state their purchasing of BTC. Overall, they are a subtle country after all. Did you see their rise to economic dominance coming? No one did...that's the perfect example of their subtleness...

My point was that China would have BTC Reserves, as would the US and all other countries, which they can pull the trigger on the market at any time.

China are already doing a similar thing with the international property market. Exiting those markets and causing liquidity problems for infrastructure projects around the globe. There's no reason they wouldn't do the same to Bitcoin if they wanted to.


If corporations take the SEC to court, it could be another year or more away.


Keep on HODLING!

Don't worry about the other short to medium term noise. Best case scenario it's just another buying opportunity.

And those two moments are so highly anticipated that they make the Bitcoin market very bullish and can exceed our expectations.
But there will also be some FUD coming before that happens, usually, this is only done by manipulators to be able to get a cheap price before the mega-bullish happens.

Usually, issues or FUDs in the past will be issued again to affect the stability of the Bitcoin market, and even this continues to be repeated.
Major media will spread the news.
As retail buyers, we must be aware and vigilant and not fight the swift currents created by manipulators.
Follow and Buy if the price is cheap again, don't waste the opportunity.

Bitcoin will reach the target of $100k ATH at least if we are strong enough to hold it and strong also in terms of psychology.

If you look at the way the price of BTC is running in this month of November, you will know that bear run will soon clear road for bull run to take over, and it will be difficult for $24k to occur till the price reach $80k next year for hodlers to use the opportunity to make more money from their investment. Well, there is still time to buy from the market now because the price is still low for your to buy as much you want because the price will not reduce more than the present price $37k it is in the market so that you will not regret when the price come close to $50k december.

It will be good to hodl your BTC now because, what is coming after this step the price of BTC is now, it will make those that are waiting for $20k before they can buy regret for the wrong decision they took.

After the collapse of Luna and FTX, the market went into a long bearish trend, which resulted in the Bitcoin price falling below the all-time highs. However, there is no guarantee that such an event will not occur. Moreover, we cannot give any such guarantee on the trading platform. But a lot can be predicted on market conditions. We can definitely say in the current situation that the market will be bullish now but as the ETF approval is still pending we cannot be sure that it will be approved. So before next January we may see bearish trend in Bitcoin again which is not impossible. But the possibility of Bitcoin price down below $16000 is difficult.

I am not expecting to see Bitcoin retrace back to a price below 30k$. The is the time i am expecting Bitcoin to reach 40k even up to 45k. This is because every end of the year the price mostly foes up and if it continues this way we may still see a bullish market at the beginning of first quarter 2024 even before the next halving comes.

Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations.
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You sound very certain that the approval of the Bitcoin ETF will bring about a positive change. Am sure of the halving but i have not yet seen any advantages that the Bitcoin ETF will bring. I'm just wondering how they will represent bitcoin and whether the price movement of the ETF will be directly linked to the real market prices on DEXs and CEXs.

I was of this opinion before but for the fact that Bitcoin is heavily influenced by news, it is safer to keep an open mind. A single negative news can send the price dropping by over $10k. At present, it is not clear if the much awaited Bitcoin ETF will get approved, if that be the case, market will react rapidly heading south. This is not my expectation though but it is a safe way of approaching the market.


Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations.

We do not need another black swan event as this could badly affect the crypto prices and to be honest, if bitcoin reaches again below 20K, it will be the beginning of another bear run. I do not think this is going to happen.

I do not know but I feel that during the bear season, we see one bad news after the other while in the bull market, we see good events, one after the other. I do not know how it is possible or if these events are preplanned according to the sentiments and phases of the market. Though it is hard to believe still i think that everything is not transparent and there is manipulation even in the timings of the black swan events.

I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024. As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

Obviously, DCA is the key. Do not worry if bitcoin price won't touch below $25k again as that does not mean that you would stop buying bitcoin immediately. If you are here to invest for long term, then regardless if the current price is high, you would still continue to buy bitcoin at your own spare money so that you will not be left behind when everyone else around is taking a lot of profits in times of bull run while you are stuck with few number of bitcoin.

Sky is the limit when you are doing DCA. Do not fear for the current price surge for bitcoin, but fear that you don't have good amount of bitcoin when bitcoin amount has already reached its maximum price limit.

Expect the unexpected as always on which this market could really move totally opposite on what you have anticipated or expected on which means that you should really be that come prepared
on whatever things that you are encounter. Be sure to be wise on making up your position whether you should buy or sell then success will really be that determining on how well you do
really do these things and we know that not all would really be having the skills on doing so. The price might be playing around on 35k but doesnt mean that it wont really be going back down on 25k+.
Always assume that chances is there and this is why always save up some money for making some buybacks or DCA because you could actually be able to get that kind of chance
or opportunity once the market would really be correcting.

Absolutely - I see the same side and tend to agree with what you say.

Same here - but this may be a coincidence. I have set long-term targets instead of short-term and thereby have made me ignore price volatility. Of course it has made me a little calmer even though several major corrections have had a bit of an impact on my optimism for a while. Everything is still under control and I hope the trend will continue.

Nothing has ever been certain in this industry. The industry is a place where anything is possible to happen but even at that we gauge by sentiment to read the market. The sentiment ATM is bullish as the market is already basking in the excitement of a fresh halving.

I'm more disposed to taking a long position on Bitcoin than a short.as it's now, no matter whatever price correction I perceive. I don't want to be trapped. Any correction now is likely more of a bear trap.

I also personally believe that it will be difficult for bitcoin to drop below $25k again. We will still have corrections but there may not be a chance to see another big dump.

@Latviand: you don't need to pay attention to what the OP and we say. You are investing with your own money, so do your own analysis so you don't regret it later. If you still believe that bitcoin can fall further then stick to your plan, and it's not just you, I see there are still some people who think like you. Instead of buying now, they still wait for the price to drop to accumulate bitcoin.

$50K before the end of the year seems possible - but not certain. The upward trend in prices during November to date has been quite good - but this has been driven by rumors about the approval of a bitcoin ETF. I'm not entirely sure a correction can be avoided if the SEC ultimately rejects a bitcoin ETF - so it remains a possibility and it would be advisable to consider the risks.

As of today - bitcoin is still trading between $34K to $35K. Several times bitcoin still failed to break the $36K resistance and the price returned to around $35K. If that resistance is successfully broken - then I am confident in saying that $40K and above is achievable.