Topic: Bitcoin might reach $30,000 in the first half of 2023 and $50,000 in the second (Read 459 times)

For those who bought since the chapter of bullish phase is occuring hope that this rise will come up again. But for those didn't place their entry they wish for more dump to come because they want more cheaper price for bitcoin so they can earn more.

This current scenario indicates that we shouldn't get greedy and always listen to the news since this gives us more good insights on what might happen to the market. So if there's no news released yet better do short trade to avoid market traps.

Maybe he's just saying that now to make some people who hold Bitcoin happy, because it's still not certain he would use all that money to buy Bitcoin now unless he is the richest influencer in the world who without selling his house can also buy Bitcoin at the current price. But I also don't think the influencer you haven't named is a poor man, because he may have more houses that he doesn't use anymore so he decided to sell them and use the capital to buy Bitcoin

Many hope that the market will immediately rise and leave the bear market, for example today the market drop is more than 8% and now it is under $ 20k, of course this is sad and our hopes can certainly be difficult to achieve, but if we aim for long -term holding then now now It is the best time to buy as much as possible, I hear influencers who will sell a $ 220k house to buy bitcoin, of course a good time if you can get a cheap price like now.

It looks like the possibility of Bitcoin reaching $30k for the first quarter is getting slim.  For once I thought that $30k  is just around the corner when the price of BTc reaches $24k  and even touching $25k, but the current events changes the sentiment of the Bitcoin market reason for the retracement to under $22k.  It is even made harder because of the Mt. GOX BTC being released this March[1].  The Silvergate issue also makes the Bitcoin market sentiment worse.

---

[1] https://cointelegraph.com/news/mt-gox-creditors-have-until-march-10-to-register-and-choose-repayment-method

Short term, it might be hard to see it, I really thought that we will have a good month, but it seems the trend will continue as we are faltering and now in the $20k level.

And this is going to be very difficult to us, $20k should be our strong support, but who knows, there are some negative news in the scene right now and then investors are just selling bitcoin because of that. So hopefully it will stop right now, and then slowly regain back to at least $24k. But getting to $30k, could be very hard.

Reaching or crossing $30k for now seems to be a pretty difficult target for Bitcoin, and if it does cross it before the end of the first quarter, than we will definitely see some interesting pumps after that as there will be a lot of buying pressure from that point from people suffering from FOMO.

$50k could only be possible if Bitcoin can maintain the price if it goes beyond $30k as a start, and even before $30k, we shouldn't forget that $25k has proven to be a strong resistance since last month.

This is exactly the scenario that makes me feel more bullish about Bitcoin recovering, as soon as perma-bulls turn perma-bears. It's like 2018 all over again. This is also the exact fear sentiment that creates Bitcoin bottoms and eventually helps to drive bull market recoveries as perma-bears accept defeat and buy back at higher prices. These types of sentiment are nothing new to Bitcoin, in fact they are cyclical.


Of course this could well be the continuation of a bear market, but ultimately there will be no confirmation until around $19K is broken. Until then, $20K area has considerable support and if it holds as support and moves back above around $22K then a higher low will be confirmed as a continuation of the current bullish uptrend. Then the chance of breaking $25K increases dramatically as the resistance becomes weaker.

As I've said numerous times, Bitcoin has performed considerably better in it's 2022 bear market with high inflation (-77%) than in 2018 or 2014 (-83%) without it. Those are the facts for now until proven otherwise. So until there is confirmation that high inflation or a recession is bad for Bitcoin, I'm not interesting in speculating that this will be the case, as if anything there is an argument that it's good for Bitcoin afterall.

The fortress or wall that must be broken down immediately is the price of $ 30k, this is like what happened in 2021 when the price continues to rise because it can pass $ 30k, I'm sure if the price can touch $ 30k it will continue to rise, but what does the price increase if we not getting anything, it's better to keep buying and this will give us the opportunity to get big profits.

If it wasn't for the Silvergate issues, we might see Bitcoin going higher than $25,000 right now, and it will probably test the $30,000 resistance if it happened. Unfortunately, it didn't happen because of the issue thus, we saw traders got liquidated in just a single day and we've seen Bitcoin going back to as low as $22,000 right now.

Speculation, speculation and speculation. There's nothing wrong with the speculation, but looking on the chances of it to happen. Bitcoin at $30,000 in the first half is kind of realistic because after all, we've seen Bitcoin jumped from as low as $17,000 to as high as $25,000 in just a matter of 2-3 months at most, so this is achievable still.

Now the second one which is $50,000 at the end of the year. What are the chances of it to happen? It's low to zero for me. Jumping from $30,000 - $50,000 in just a span of 6 months  is impossible unless we are in a bull market, but we aren't so I don't think that this is happening at least this year. Bitcoin reaching $30,000 until the end of the year is a more realistic one than $50,000.

Your guess is as good as mine. We can only make predictions. Whether they will turn out right or not is beyond our foresight. The trend right now is not so good. After moving sideways for a week, the price has finally moved downwards. If this continues for the rest of the first half, then let's say bye-bye to the $30,000 prospect. We'll save it for later. It will become the target for the second half. That could mean the $50,000 prediction for the second half might not anymore happen before the halving in April.

we are 5k to go in breaking that 30k for first half of the year as bitcoin already valued 25k recently though it was being denied to continued the hype and now facing another falling down to 21k and still reddish market.


but if trend did not change till may, then maybe we will be seeing 30k in 3rd quarter or more?

This prediction may still happen despite the current downward movement. Bitcoin has finally lost $22,000. It wasn't strong enough to withstand the pressure. But it held on for a week. It seems the possibility of $21,000 being broken as well has just increased. We might be seeing the $20,000 level shortly. $25,000 was indeed a strong resistance. The rejection caused a considerable damage.

But we're still halfway in the first half. $30,000 is still possible by June.

$30k isnt really that too far off and something that realistic considering that we've been knocking that $25k resistance for how many times but sadly it just bounce down and been rejected but we arent that too far
off with that ceiling and its true that we are still on 3rd month for this year and theres still 9 months for us to have whether it would be successfuly able to break those lines or not.
As an investor or supporter then it would really be just right that you should really be that versatile so that you could easily adjust up yourself whether you would really be holding
your position or would be getting in basing up on the market condition.

We're still in the 3rd month of the year so yeah $30k is achievable with the remaining months this year, we might meet a good event/news that would trigger a pump in the market. However, the real good news are coming next year (not sure if it's a good news for the miners or not), as the next Bitcoin block halving will most likely going to create another hype that'll trigger a huge pump, just like what they call the 4-year cycle.

The $30k price level is not hard to attain in the coming months, but the 50k, we need positive news that will support this level.
If you have such prediction on btc price, it means right now, you are slowly accumulating satoshis, because the price is like a bargain.
Because anyone can speculate the btc price, but how they are preparing for it is the one that matters.
You can speculate all day long, if you are not doing anything, you will only regret when your speculated price finally happen.

There are high hopes for bitcoin price predictions in this year, I think someone is not saying anything unrealistic about reaching a high of $30k -$50k, it has indicated a high recovery since the beginning of this year and currently the market is having a low correction before going hitting another high in Q2, we expect no downside below $21k so the market will be easy to recover from in the months ahead. I am optimistic that the $50k price will be reached later this year as several points of recovery indications have been reviewed from the high gains earlier this year and will impact significantly to the next price recovery.

$30k first half is pretty likely. Though Silvergate stuff dropped Bitcoin this month that's just a short term thing and price is likely to rebound soon. Though also sounds like the Fed might do a 50 point raise this month instead of 25 point so investors will probably be afraid to get into Bitcoin again and sounds like interest rate raises will probably continue into the summer which will hold back some money from coming into Bitcoin until second half of the year.

But still Bitcoin is likely to break out of the bottom of the market ($25k) this Spring at some point, and when it does $30k will probably be reached pretty quickly.

Only real threat is if Gensler and the SEC goes full on against crypto soon and tries to drag the market down through tyrannical regulation and lawsuits. Hopefully that won't happen but it definitely looks like that's what the Gensler-led SEC is building up to. This is the only thing that could spell real trouble for Bitcoin recovery this year. But if this doesn't happen then I could definitely see Bitcoin over $40k later in the year, though I'm not sure it'll get all the way up $50k before 2023 is out. Because even if there isn't full-on tyrannical action against the industry by the SEC they will definitely be taking more anti-crypto actions this year.

I feel like 50 would be a confirmed bull market. It's not going to happen before the halving unless we get some really positive news like a large country accepting bitcoin as currency, the way El Salvador did.

I'm calm and confident here but I also try to be a realist. 30 000 this year would satisfy me in full and it's perfectly reachable by the end of the year. I think that we'll have some bearish bias, like we have right now, possibly go back to 20 000 again and then get a new rally in 2-3 months that will finally breach 25 000 and take us towards 30s. Don't expect much more this year with the US rates so high. 

I don't know if you will change your mind, but the mood in crypto is changing very quickly. Today people have laser eyes on their avatar and tomorrow those same people will be writing that bitcoin is dead. It's a similar situation now that bitcoin failed to break 25k again and is falling. Many people think it is a continuation of the bears.

I see this as very possible, as I referenced here based on 2019 fractal and rebound to 0.618 fib retracement level, which is at $48.5K for reference sake.

Many see $30K as a realistic target for the year, many less see $50K as possible, but if $30K is broken to the upside then for me this would be the next target due to lack of resistance to the upside.

It's also true, based on the article, that it might take longer to get to $100K levels than simply a 2025 bull market. It may be a slow grind to the upside from that point on.