Topic: Bitcoin may not hit $24,750 again in 2023 - I'm bullish till 2024 - page 3. (Read 505 times)

Definitely there is no way that Bitcoins will fall that much low in this year. Moreover I guess Bitcoins will keep on moving up. The reason why I am so confident because, we have seen Bitcoins follow a 4 year cycle pattern and 2024 is the 4th year for Bitcoins to reach new ATH price. We are now close to 2024, so definitely from now it won’t fall down. I am not saying that the bull market started, but yes, now Bitcoins are looking very strong atleast.

I'm not a fan of Fib but it still works in the market. There is another reason why the price reaches to such level. We can also see the FVG at 38.2 Fib, which is also one of the areas that the market can go to because the market always seeks liquidity to fuel the price into the opposite direction. Apart from that, we also see resistance levels on that area. So if we combine them all, the probability that the price will go to that level will increase. The more confluences, the more chances.

thanks for congratulating mate, and yes I will still keep this coin till end of the last bull market .

I was planning to take this longer at least 2025 if the market keeps growing or maybe consider letting go half of my funds in the price i targeted at least 80k .

Saw one of your comments where you analysed similarities between the present market condition and 2015/2016 scenario.  I think you are very correct and going by that, $45-48k is feasible by December ending. If that happens, then we might not see price below 30k again for a long time.

If it also happens that the Bitcoin ETF got approved by January 2024, then all is set to test rhe present ATH before the halving in April. These are projections that are base on probability,  so we should not take them as investment advice.

If you’ve been accumulating, you don’t have much of a problem now again. The price you’re expecting it to come down to may not be realistic again, you just have to buy at the current price it will be when you have the money with you. That could be the lowest price you’ll get it at that time, don’t miss the opportunity of not buying at that price again because of your expectations of having a lower price than that. We all know that, irrespective of the market conditions, bitcoin price will rise in the year 2024.

All these are basically predictions, either Bitcoin pumps or dump are you in a position to take advantage of the market? If yes then you did well for yourself because honestly no one knows what will come up tomorrow,  good or bad it's not going to stay forever, I took some profit after Bitcoin makes it way to 35,100 value, I believe there will be some retreacement and if I am wrong I still have some big bags of Bitcoin anyways, I believe there is nothing wrong in taking little profits, but if you have the money you can just concentrate on dollar cost average every week.

Do not follow predictions, I learnt this the hard way, I missed every opportunity in crypto because I followed what people are saying, some are intentionally misleading people for their own exit strategy, almost all the things that people said won't work in crypto ends up working, that includes a few numbers of good crypto projects, let your mind works for you, do your own research and if mistake comes you learn a lesson, this will reshape you for the better, compare to blindly following someone predictions.

If Bitcoin dumps have a plan of buying more and make sure you hold your Bitcoin and keep prepepaing for possible bad news or even tighter recessions, something might happen to use against Bitcoin holder so that they can dump their Bitcoin, but believe me its a trick to steal your Bitcoin from you at lower prices.

Well I think the year 2024 will be times for new all time highs for Bitcoin. After the halving and we are going to see 'bullish' signs and we will be rewarded with profit.

The digital assets financial services platform Matrixport thinks Bitcoin price will be $125,000 in 2024. https://cryptopotato.com/matrixport-says-bitcoin-is-in-its-fifth-bull-market-could-bitcoin-minetrix-also-be-poised-to-explode/

No one really knows on what would gonna happen which considering that the market could really be easily to face up some issues which would drag down the price into those levels that we arent anticipating that it would really be that going low. So far we are really that holding well on 33-34k price which it seems that 35k would really be a tough resistance to be broken but doesnt mean that we wont really be able to do so yet most likely we would be able to reach up 40k+ for this year which it seems that it is really that a realistic approach rather than into those speculations in speaking about 1 million per coin or 500k which it is really that a delusional kind of approach. As we are fast approaching on bitcoin laving then expect that there would really be always those unexpected movements or events that would be encountered along the
way and its never been that something new and this is why each of us does have that different approach and actions that do make out because this market is always been that unpredictable.

I think that is the target price for the majority of us, at least $40k-$50k at the end of the year will really be nice. And we are still moving in that direction though, currently $33k-$35k, and then when we have a break out run then in the next couple of months $40k-$50k, so let's see.

Not sure though what will be the bullish news to push the market, it's too early to look for the Bitcoin Spot ETF as the source of positive news. It might be better, if by chance the approval will happen next year to coincide with block halving and then the eventual bull run. Just need some patience as we are looking for at least $100k at the all time high, so pretty much very excited for next year.

If you intend to to HODL the Bitcoin you want to buy for a long time then I'd say you can go ahead and buy. The price of Bitcoin now is around 33k and I have always speculated that Bitcoin will reach $35k to 40k before the end of the year. I agree with OP that Bitcoin won't see $24k again this year but that doesn't discourage you from buying.
If you intend to HODL then you might still make a lot of profit after Bitcoin halving next year. Hodlng Bitcoin for a long time is a great investment.

It's all speculation, nothing is certain. Bitcoin might drop to $20k before the end of the year or get to $40k, we never really know so if you're hodling just buy it when you want. It's best to buy the dip, but if you keep waiting for the dip, you might end up buying at a higher price.

Just because you are late and you regret not buying enough before you see it increase doesn't mean that you are going to be right. I think it should be noted that we can't really make a huge difference to the market right now and that can't really be the reason for it.

I think it should be noted that we are going to end up with a good return one way or another and that could be the case for the long term. I know that it may cause some changes here and there but we need to realize that life is not all that simple neither. If they are late, then they are late and we can't do anything about it, market will not fall once more just so they would buy some more, and by all means, if it drops, they would probably wait for it to drop even more before buying anyway.

I want 45-48k by dec 31 2023. I think it is possible. would be nice for me.

A correction occurs when the price decreases from a temporary high. And now it looks like it's still happening but there's a reversal that still wants the price to keep rising and get above $34,500 or so. Long-term investors will obviously not sell their Bitcoin at the current price but will buy more.

Let's hope $35k breaks in the near future and can stay there until the end of the month. And in the next month, Bitcoin price could strengthen again and get an upward push. Let's hope it's true that the price will reach $50k by the end of the year.

But whatever happens, we should remain alert and prepare some money to buy Bitcoin. A flash dump may come quickly and then escalate to return to the previous price. Moreover, the market is now at the weekend when there is usually a correction in the market.

Let's say we will never dump again in below $30,000 again until this year. But what if next year, when most of the ETF deadlines will happen and there's no one ETF will get approved? I believe the price of Bitcoin will react. The question now is how dip we will get just incase for that? Below $25,000? For me, it depends on the price of Bitcoin in the future when these things will happen.

It's not just you, many people don't want bitcoin to drop back to $25k, but there are still some people who are expecting it. Those are people who haven't accumulated a lot of bitcoin because they think the market will have another big drop and bitcoin will drop to $15k. But I think they will soon be disappointed after seeing what has happened in the past few days. But you're right, we also have no guarantees that bitcoin will no longer drop below $25k.

I was pessimistic about the $40K goal by the end of the year but with everything going on, I think it's achievable.

I never again expected the price of bitcoin to fall back to the $25k level after it broke through the $35k resistance this month. Of course bullishness is more expected than a correction or bearishness in the rest of the year, but both should absolutely not be ignored considering that it is always possible to see a correction and test new support levels.

There is high confidence about $40k to $50k by the end of the year, of course that is a very realistic price to expect after seeing how quickly prices recovered at the end of October. We'll go to $36k, $37k and $40k, of course that's the hope.

Even during bull season, there will be small incidents that cause the bitcoin price to correct, so we should not be surprised if there are events that cause the bitcoin price to drop between now and the halving. But I believe the main trend of the market will still be an uptrend. Bitcoin may be correct but will soon recover and continue to increase. That's what's happening this year and things will continue that way until the bulls arrive.

Yes, bitcoin has gone high and I agree with the OP, we are unlikely to drop below $24k again. Things changed for the better when bitcoin crossed $30K.

The pump is caused by the news and the approval ratings of the ETF. Many companies including Bloomberg made their predictions about the ETF and they are all positive, some even stating that it has 90% chance off being approved. That makes people buy bitcoin now.

At the same time there's some natural causes like the fact that bitcoin used to stay at around half of its all time high price for months before and after the halving.
in 2013 ATH was 1100 dollars and the price before the halving was sitting between 500 and 600
In 2020 ATH was 20000 dollars and the price before the halving was 10000 - 12000
Now ATH was 68000 and price before the halving came is above 30000 so we're right on track.

It seems that the price movement of Bitcoin has been favorable this year. We can observe an uptrend despite some setbacks, possibly due to the upcoming halving and the numerous news surrounding it. In my opinion, the bullish trend will likely continue into the next year. However, we should still be prepared for other possible developments because we are aware that there are other factors that can influence the value of Bitcoin.

We need to spend a long time at these levels to ensure stability at the current price. The damage to the economic structure in the world and wars may prevent this stability. So we will all see whether the price will stay at these levels for long.

We should not think of Bitcoin independently of world events. Bitcoin is not an investment known to a limited number of people as it used to be. The whole world now knows and invests in Bitcoin. It is very difficult to predict which direction Bitcoin will move when global events are happening. You should make your investments considering the risks.

When you say that nothing is certain in the Bitcoin world, it's a reminder to be careful every step of the way. We all want the Bitcoin price to go up, but we should also remember that we need time for many things.