Bitcoin Price, Where Next - page 7. | Bitcointalksearch.org

Wend

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Quote from: Zaguru12 on June 19, 2023, 10:34:39 AM

Quote from: pooya87 on June 19, 2023, 10:17:07 AM

but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I am also pitching my thoughts here too. With the increasing inflation and the hiking of interest rates which only signifies one thing which is the recession I think the demand for bitcoin would certainly reduce. Also the negativity clouding the exchange’s failing to get align with the SEC is actually a thing to worry as I see it will only increase the FUD to mainly new investors and some would pull out.

Although I don’t see it hitting as low as 16k that happened last year due to the fact that we are only months to the halving season, many would still like to hang on to there funds till then. So if we don’t get any bad news more probably a big exchange been compromised or a huge decision that goes against bitcoin by the government I think we might end the year above 25k

I don't really worry that news like the SEC or news about Mt.gox will affect the market much. I am more concerned about the economic situation because that will have a significant impact on the market. Inflation is falling and will continue to fall in the coming months, but keeping interest rates high by the Fed will actually push the economy into recession. About bitcoin price prediction, I still believe history will repeat itself, I mean, before having, there will still be another drop.

Lucius

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Quote from: mk4 on June 19, 2023, 10:14:12 AM

I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.

Quote from: pooya87 on June 19, 2023, 10:17:07 AM

From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I don't know, summer in the northern hemisphere has always seemed to me to be the time when most people go on annual vacations and don't care too much about investing or trading cryptocurrencies. Therefore, it seems to me that the summer could pass as a very boring period, unless something super positive happens, although I don't see what that could be. Maybe Joe will say something like "I love Bitcoin" considering that every now and then he has some genius statement

Agbe

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There is a bitcoin price game going on here https://bitcointalksearch.org/topic/sinbadio-mixer-june-bitcoin-price-prediction-challenge-5455180 which you can see some different predictions. As for now, the price is some how stable in between 25k$ to 26k$ but before the end of the year we might see the increase of price to something like 35k$ to 40k$ before the halving and the bull then after the bull the price will be little bit down for like 3 months and rise again.

Zaguru12

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Quote from: pooya87 on June 19, 2023, 10:17:07 AM

but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I am also pitching my thoughts here too. With the increasing inflation and the hiking of interest rates which only signifies one thing which is the recession I think the demand for bitcoin would certainly reduce. Also the negativity clouding the exchange’s failing to get align with the SEC is actually a thing to worry as I see it will only increase the FUD to mainly new investors and some would pull out.

Although I don’t see it hitting as low as 16k that happened last year due to the fact that we are only months to the halving season, many would still like to hang on to there funds till then. So if we don’t get any bad news more probably a big exchange been compromised or a huge decision that goes against bitcoin by the government I think we might end the year above 25k

pooya87

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From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

mk4

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I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

Poker Player

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What I think is that the price is going to continue to be boring, more or less the same, with small ups and downs until we have a rise to like $50K, like a mini-bull run, before the next halving, where the bull run proper will take place

This is simply what I think and better if you can imagine me sipping a pint of beer with one hand and the other elbow resting on the pub bar as I say it.

Something like this has happened on previous occasions, which is no guarantee it will happen this time but it's all we have to go on.

Wiwo

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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.

Topic: Bitcoin Price, Where Next - page 7. (Read 834 times)