In particular, we must aim to move forward. It is normal for the Bitcoin market to go lower and higher but we need to be above (near) the 2021 Bitcoin price before the market moves in a mini bullrun with little momentum.
Because a little Bullran can refresh our mind and intelligence. Because the price of Bitcoin has been trending downward for a long time, we will move forward with this bullrun to close the door to the future halving. And so the momentum of the bull market continues.
Topic: Bitcoin Price, Where Next - page 5. (Read 862 times)
Bitcoin has been very bullish at the moment it has managed to breakout from $30k and is likely to survive and will continue its bullishness this month,
I have seen many predictions that June will be good, and yes it has been proven.
if this momentum continues then Q3 will be a bullish month for cryptocurrencies and Bitcoin will surely ease into $50k again.
Very positive action recently, has to be confirmed to be taken seriously but today has been a good price action day for BTC. BTC has confirmed the 23.6% fib level for the ATH to the low last June. In the last few hours we have held 29724 as a low and traded up to the current 30120. If we continue do as much showing positives into daily bars and the weekly close on Sunday that would help the case for exceeding the prior highs of 2023 and building higher.
I do think its a bit sudden, often volume must catch up with a wild price swing as we do need both to build properly and sustainably. Anywhere above 200 week and 50 day has me far more optimistic then previously.
I do think its a bit sudden, often volume must catch up with a wild price swing as we do need both to build properly and sustainably. Anywhere above 200 week and 50 day has me far more optimistic then previously.
It might be boring to say that sideways are the most likely during June and July, but I hope August shows something positive. Yes I expect a recovery around August to the end of the year, so the price will probably be above $30k in August.
Price swings are still very likely over the course of 2023, but I'm less likely to expect a big dump to hit the market. The SEC and a few other issues have had a negative impact on the market, but if the market is supported by institutional investors and a lot of large companies, then perhaps much more bullishness can be expected. I expect a lot of positives in the second half of 2023 especially when we are so close to the halving.
Don't worry mate, many of us are used to the boring feeling. We know that it was part of the hodling game and we are mostly long-term investor here. There will be down times in the market but there will also be a time for a recovery. It was only not possible to know their exact dates. We are now in June but 2 months of waiting for a great recovery must be enough time already so why not?Price swings are still very likely over the course of 2023, but I'm less likely to expect a big dump to hit the market. The SEC and a few other issues have had a negative impact on the market, but if the market is supported by institutional investors and a lot of large companies, then perhaps much more bullishness can be expected. I expect a lot of positives in the second half of 2023 especially when we are so close to the halving.
Price swings are always there in each year. ATM, the presence of the bear is still there but maybe I can agree with you that it won't lead to a bigger dump just like the last time. Despite of the negative news, die-hard crypto fans are still there. This is the reason why the price is still holding strong.
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So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
Whether it's a coincidence or not, the FTX story that made the market excited at that time seemed as if the story that had happened to Binance recently had no effect on the market price which had moved up when Binance failed in several countries.So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
Suddenly the Bitcoin price chart has increased rapidly to reach the price level of $30K since yesterday and still has a chance to last for some time to come at least until the end of June amidst the doubts of many people.
The appearance of the green chart in the last week of June grows our enthusiasm and optimism, which is very confident that the price of Bitcoin will be able to penetrate the target we expect at the end of 2023.
This week Bitcoin price has risen so fast that it cross $30,000 in just few days, using the 1D chart you can see it rising from $24,800 to $30,800. It has been finding it difficult to keep rising and that's because we have a very strong resistance in the $30,000 price range.
This is always a good indication that there is a considerable about of "money" waiting on the sidelines to jump in. They are just waiting for a positive signal to begin "panic buying" and shoot the price up like this in a very short time. In fact what we saw here with the jump to over $30k has always been a very common trend in bitcoin.I still wouldn't jump into calling this a rising trend though. Because in a way we could categorize this as the continuation of the sideways market (between $25k and $30k). However, if the momentum stays strong and we see more rises to break $31k and $35k resistances and start eyeing $40k this could be a different story. But we'll have to wait and see...
Predicting with certainty whether the price of Bitcoin will experience further decline or further recovery in the future is very difficult because the cryptocurrency market tends to be highly volatile and difficult to predict. However, it seems that lately there has been a significant increase in demand so the price of Bitcoin has increased where it is currently back at $30k. Therefore, there is a possibility that the bitcoin price movement will continue and it is possible that at the end of this year, the bitcoin price has the potential to reach above $40k.
So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
The movement of Bitcoin can go anyways nobody knows were the price will head, we can only be speculating as we're doing now and I'll have to side with those that believe the next steps is for Bitcoin to continue rising instead of falling as it did when the SEC lawsuit news came out.
This week Bitcoin price has risen so fast that it cross $30,000 in just few days, using the 1D chart you can see it rising from $24,800 to $30,800. It has been finding it difficult to keep rising and that's because we have a very strong resistance in the $30,000 price range.
The last time Bitcoin tried trading above $31,000 it wasn't successful as we saw previously when bitcoin reached that price back in March. I think this time around we'll be able to have enough momentum to pass the $31,000 price and keep increasing without Bitcoin retracing below $30,000 again.
This week the price of bitcoin has risen by more than 21% and makes me optimistic that the bull run will happen soon, if before that many were pessimistic that the market would continue to be red then now is the time to continue buying, don't miss a short time because the market will soon be rising, remember that early In 2024 there will be a halving which will make prices skyrocket.
Wow bitcoin is pumping, price breached $28,000 which is up over 8% in the last 24 hours. All these rumours about ETF applications, maybe somebody in the know has info & is front running it. Definitely need to keep an eye on this situation.
Maybe it's just another in a series of bear traps, and every positive news is always used to push the price to a level where the smart ones who recently filled their bags will dump everything and make a great profit. What was the reason that the price two months ago was over $30k?
The next 24 hours are critical.
Critical for what exactly? I don't see a single logical reason why it would make any sense, no ETF will be approved for months, there is a procedure that must be followed even if the SEC has a positive opinion at this moment (which apparently is not the case).
Wow bitcoin is pumping, price breached $28,000 which is up over 8% in the last 24 hours. All these rumours about ETF applications, maybe somebody in the know has info & is front running it. Definitely need to keep an eye on this situation.
The next 24 hours are critical.
The next 24 hours are critical.
For now that's 7% in just 24 hours. Double digit in the past few days. I am as surprised and clueless as you as to why this sudden rise in the price.
But I don't think this has something to do with the celebrated BlackRock's ETF applications. That was filed days ago. Probably not about WisdomTree's application either or even the other applications. These ETF talks have been around for years. This isn't a big deal anymore.
Or are there some insider's information about the fate of these applications that leaked to some investors?
Wow bitcoin is pumping, price breached $28,000 which is up over 8% in the last 24 hours. All these rumours about ETF applications, maybe somebody in the know has info & is front running it. Definitely need to keep an eye on this situation.
The next 24 hours are critical.
The next 24 hours are critical.
Whatever happens with the negative bitcoin news, I think 2023 is the right momentum to build on it since it's relatively low right now. And it's also good to do a DCA strategy because I don't really care about the negative news that is in bitcoin, because eventually the price of bitcoin will go back up in the long term.
and i think bitcoin price this year relatively down but not more than 20k and highs will be 30K or 33K and 2024 may be a good year for bitcoin.
The best bitcoin accumulation phase will be 2022 and 2023, and I agree because the price of bitcoin is relatively lower. But anyway, I'm not too sure the accumulation phase is still good in 2024 especially after the halving. Bitcoin will probably be more expensive than now even though the price is still below the previous ATH.and i think bitcoin price this year relatively down but not more than 20k and highs will be 30K or 33K and 2024 may be a good year for bitcoin.
If you fail to build up your investment portfolio during 2022 and 2023, then I believe you will truly regret it after the halving occurs in 2024. So far there is still a chance, but the ongoing recovery in bitcoin prices may mean you have to wait patiently for a low for the best entry.
I think Bitcoin's medium-term trajectory cannot be solely determined by the approval or disapproval of a Bitcoin ETF. While ETF decisions can impact the market, we all know there are other factors that contribute to Bitcoin's price movement and that the market reaction to news and rumors can often be unrecognizable. predictable, and not always a direct cause-and-effect relationship between ETF decisions and price fluctuations.
Bitcoin's short-mid term is mostly due to news like this, while long-term is mostly based on general demand — with all broader things considered.
This is my general take on the past couple of months at least. Long-term there has been a very orderly correction, short-term there has been recent optimism after some fear in the market. Without the SEC news or the ETF news, price would probably be exactly the same right now, just got there a little sooner potentially, or in a slightly different manner. These news events only end up accelerating the end destination imo.
Likewise there could have been no news what so ever in the past month and price could have performed exactly the same, with bears failing to break $25K previous resistance and therefore almost inevitably price moving back to the upside. I say almost inevitably as price has been in an uptrend for the past 6 months now, so the path of least resistance remains to the upside (unless the trend changes of course).
Whatever happens with the negative bitcoin news, I think 2023 is the right momentum to build on it since it's relatively low right now. And it's also good to do a DCA strategy because I don't really care about the negative news that is in bitcoin, because eventually the price of bitcoin will go back up in the long term.
and i think bitcoin price this year relatively down but not more than 20k and highs will be 30K or 33K and 2024 may be a good year for bitcoin.
and i think bitcoin price this year relatively down but not more than 20k and highs will be 30K or 33K and 2024 may be a good year for bitcoin.
It will always happen, we will see a significant rise as FOMO sets in by many investors who start getting in and don't want to miss the 2024 Halving Hype that will happen.
Usually they will react at the end of the year because FOMO has always been their way of buying bitcoin because from the end of the year to the halving it will happen in a few months for sure investors will take the time to buy with their funds that have been prepared for the preparation that is approaching, I will not avoid FOMO because they will also feel how important it is to own bitcoin but maybe from now on it won't be done because they are waiting for the price to drop, but when there is a significant movement in bitcoin there will be FOMO.Though now is the right time to start DCA, May-June had a stronger drop but now it is still in the $26k+ price area.
Let's say from mid-June now to the end of the year I think they still have a chance for DCA at the best price in the market maybe still under $30K but other people always think differently in their view and when the price goes up a bit and there it will be panic buying in the end at a high price with this thing I think it's pretty common for them. 
It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.
We cannot concluded on the last year experience about FTX exchange going down and other event that happened as the source of what determines the current price or the conditions of what we've experienced althrough the beginning of this year till now, what i see is the normal dip which will always set in prior to the bitcoin 2024 halving to gather enough strength to go against any resistive force on it way to bullrun.
So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
There's more possibility to go more dip with this current market price for bitcoin but it may not last at all because we are going high anytime from this period henceforth, since we are going closer to the halving, am sure before this year runs out, we may be getting closer to $68,000 of the all time high.
It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.
So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
We can have a mini bull before halving. The price starts to rise and then continues horizontally. This is my most optimistic guess as we don't know what the market news will be like. We may also experience a big bull before halving. The common point that we should focus on in all possibilities is this; we need to have bitcoin in our wallet or we will monitor the increase remotely.
I think this is the most important thing we should all be concerned with instead of short term price predictions. bitcoin is unpredictable in the short and medium term, but in the long term, it has never let us down. but we will be disappointed if bitcoin really enters the bull season, but we don't have too many bitcoins in our wallet. Therefore, I always focus on accumulating bitcoin whenever possible instead of predicting the price or waiting for more to drop to buy.
I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.
Because a futures ETF is hugely different from a spot ETF. Not everyone is comfortable with futures/derivatives(obvs because of complexity) and more people are more comfortable with buying spot. And that is both for institutional and retail.
But anyway, time will tell.
The year 2023 started on a good foot for bitcoin price which would have continued that way if not for the recession that's currently ravishing the world economy and the situation which has made bitcoin price to plummet creating doubt among bitcoin enthusiasts about the coming bull run if it could still take place this year.
We are still in the middle of the year with a price of 26k+ I am optimistic about a positive end of 2023 for the price of bitcoin hitting above 40k before we get to 2024 because this recession and all other circumstances wouldn't be here for long.
We are still in the middle of the year with a price of 26k+ I am optimistic about a positive end of 2023 for the price of bitcoin hitting above 40k before we get to 2024 because this recession and all other circumstances wouldn't be here for long.
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