Topic: Bitcoin - what are we expecting for the rest of 2023? (Read 1121 times)

All the facts you stated are true and cannot be disputed because all the collapses that occur always coincide with bear conditions, so that is what many people are still wary of when they are in bear conditions. Meanwhile, when conditions are bull, everyone has no worries other than just hoping for the amount of profit they can expect, because in bull conditions there is absolutely no collapse on any exchange and cryptocurrency. So this is clearly quite logical and cannot be refuted at all.

During the 2018 bear season, we saw the collapse of bitcoinnect and a series of ponzi projects, during the 2022 bear season, we saw the collapse of Luna and then FTX. But do you see any major collapse in the 2017 bull season and any major collapse in the 2021 bull season? What I see is that most accidents happen during bear season and we won't see that during bull season. During bull season, there are still Fuds but they are not significant so people are not too concerned.

Well, at that point, many people hope that this month of October is the beginning of the uptrend season. As long as this month, in the past few years, many people have said that the price of Bitcoin often increases in the market, and it is followed by other altcoins that have the ability to keep up with Bitcoin's rise.

It's not like what happens every month in September, where there is almost no good news happening in the market; even if there is a pump and dump, then the market is calm again. But this time there is really no idea what the possible value of Bitcoin will reach, but my guess is that when it reaches at least 45000$ each and above, it means that it is not really unlikely that it will reach 100k$ in the next bull run next year.

Negative events can happen at any time in the crypto space. Whether it is in the bear market or the bull market. It will not only be in the bear season that we are to experience it. It is just that none of us can dictate when or the kind of negative events will it be.

What I suspect about all the negative events that have happened, is that when they all happened during the bear season, people tend to find out so easily about it compared to when they happened in the bull run(that makes the negative events have much effect on the crypto market). The reason for this is that the positive effects of the halving season do really outweigh the unfavorable circumstances that must have happened during that time(bull season).

Do you think the market hasn't bottomed yet? If so, then you better believe that there will be a big crash like FTX or Luna that can drag the market down even deeper than before, only that way can we have a new bottom and hit the bottom. For me, the market will have many more corrections but cannot return to the lowest level of 15k USD or create a new bottom.

By the way, those who are buying altcoins and not buying bitcoin are a bad idea. I don't think investing in altcoins during a bear market is a good idea.

If USDT really collapses, it is very possible that worse things will happen in the market because considering that there are so many cryptocurrency pairs with USDT now that it can indeed affect worse conditions in the market. Apart from that, all cryptocurrencies also have to find partners with new stablecoins so chaos could very well occur and I don't expect that to happen at all because currently there are still quite a lot of USDT users in the crypto space.

I think the chances are that the price of BTC might dip below $20k in the coming months. A few predictions are that the price might go as low as $10k before the next bull run. In the coming 5 to 6 months, we might see small pumps in the market to attract more investors. Before halving the price might steadily decrease toward the low $20k, and we might see an upward trend after the April 2024 halving. 

You're correct because we won't see exchange crashing as FTX did or project crashing for now as every individual is hyped about the halving and are accumulating their favorite altcoins together with Bitcoin. While we're accumulating Bitcoin, some individual will prefer to buy altcoin as they know when the altcoins season comes they'll make profits. We're at the ending of the bear market but the market hasn't bottomed out yet because more correction will come.

Just because the market hasn't bottomed out does mean we can't buy Bitcoin, if the correction catches you and you buy Bitcoin and it starts dipping, you can continue holding because the corrections won't last as long it it does during the bear market as we're at the ending of the bear market, the market will recover fast.

Well these pumps are actually normal these days and am not freaked by it anymore because it's actually people that want to sell off their coins that would be excited over little change in the price of bitcoin as for me I think the year is still probably going to end up with bitcoin price being so down because I actually want to buy more not to sell off at every little pump so I would be speculating and wanting the price to be around of 25-26k

The time when we will be halving is getting closer, just a few months until we will be halving. We are very close to the halfway point, as our next half is due in April 2024.

For Bitcoin, we expect BTC to have a good market price in 2023. But that is not the case, and the Bitcoin market is still moving in a stable position. Higher growth is not seen in the market, but we can definitely expect Bitcoin to end up at $40000 in 2023. By 2023 the market position has not increased much, so the market will grow after the next year and then the price of Bitcoin will reach the highest level.

A 24% increase in one week will never last, but a market crash will occur. Although this higher growth is good news, Bitcoin will never stay in this position, but will either decrease or increase. Markets are never stable, even if the market percentage increases to a large extent, the market will go down again and remain in the negative. No matter how much Bitcoin increases, it will never last, but it can last for two weeks, and then it will dump again in the market. This is the religion of cryptocurrency.

Currently, it is almost the end of 2023 and still we have not seen much growth in the market. The peak touched $32,000 in the Bitcoin market this year, but it's hard to say how much BTC will rise in the coming months. However, as most cases predict, the Bitcoin market may be slightly higher by the end of 2023. And then the BTC market could stay between $40k and $45k, as we have a huge bull position ahead, after the halving. But in 2024 we will see huge change in bitcoin market and BTC market will gradually go higher and sometime bull market.

Expecting the price to go to $10k when it has already been to $15k last year is unrealistic in my opinion. I mean, we were around there last year and the price that we see right now or have been seeing for the months that have passed is a result of the recovery process from that drop, that's why, we shouldn't be expecting the price to go back to $10k and keep waiting instead of buying when the time is still right because the market can start going up any time.

If investors are feeling confused about whether they should buy right now or wait more, they should simply start doing DCA instead of buying with all the money they have at once, with the DCA method, they can buy some right now and then wait to see if the market dips further or starts moving up.

If we pay attention, major negative events only happen during bear season, they don't happen too suddenly or often.  furthermore, we are closer to the halving than ever before, so I also believe that there will not be any major incidents like Luna or FTX happening again. I believe this cycle has bottomed out and it did last year.  the bear season is gradually coming to an end and what we will likely face are only minor bitcoin corrections.  things will gradually get better towards the end of the year and the halving.

Slow progress is my take for the rest of this year.   I could not call this negative action overall but we are taking steps backwards often, I still believe its a gain overall mostly as we recover and consolidate.   When we first progressed through these prices, they were all new and with no volume well thats not true anymore.  Many remember these prices and its well trodden now, there are for certain sellers those long term and many willing to sell now after fairly brief gains.
  Its harder going now, so call it sideways but we are rising within that challenged heavy load overhead of BTC and its quite impressive the Dollar index recovered but BTC can carry on anyway it doesnt need to sell.
  A simple observation to include would be both the 200 day average and also the much larger 200 week are both here with us right now.  Thats not a hard wall but it shows how much weight is with BTC trading in this area, hence slow and steady is a required gear to make it up this hill.

Trying to make in comparison in between depegging a stable coin would really be entirely be different if we do speak about failed ETF on which we do know that it could make out some impact on the market but doesnt mean that it would really be totally that crashing down into the bottom but if the series of negative news and sentiments would really be following up into each other then it could really be having that huge chance that it would be crashing the market. In speaking on expectations for the rest of 2023? Expect the unexpected because it might look the market is really that calm and having no sentiment or news around
but always anticipate that it is really just lurking in the corner on which it is really just that typical that they do just popout like mushrooms.

On the time that we did make out some recovery then it is already considered to be the good momentum for the market to have that recovery after that $15000+ mark dump which we know that this had been
caused with those lots of negative events that happened in the market in past couple of years. Now that we are seeing some recovery and the price is starting to climb up
plus we are fast approaching on bitcoin halving event then it would really be just that normal that you would really be having impressions that market is really
just that waiting to explode. We do really just need up some news to be its catalyst.

The collapse of usdt will lead to another market collapse. It is the biggest stablecoin on the market. The crash of TERRA ust led to a prolonged market crash and nobody bought bitcoin. I think that if something like this happens again, we will be in a long bearish cycle again.

I do not think that major negative events will occur in the market and cryptocurrencies will be negatively affected. Many bad scenarios are being produced, but I do not think there is a possibility of them coming true. I think there will be some movement in the Bitcoin price towards the end of the year, but if there is an increase in the price, this may not be permanent.

I think it would be better if the Bitcoin price increases slowly. Even if there is negative news in the economy, a gradual price increase would be healthier.

The next ETF approval deadline is the last for most of them. They need to decide whether it will be approved or not. This time the market is looking for a positive outlook. Approval of ETF will trigger FOMO to the market though I think this will not be enough to beak previous ATH. There can be some unexpected scenario like the potential crash of USDT. Their users are already having a hard time recovering USDT so a crash of USDT can cause panic and holders will start buying BTC and other crypto to save their assets. I know they are fully backed by assets as they have claimed but after seeing the Luna and FTX crash it seems nothing is impossible in crypto.

I also believe that the upcoming bull season will be the biggest and biggest bull season we have ever had.  The SEC cannot delay ETF approval forever, approval is just a matter of time and there needs to be a right time to announce and bull season is the perfect time.  not to mention the world economy will also enter a recovery phase in 2024-2025, which will be another strong catalyst for bitcoin.  so I believe we will have a big bull season in the coming years.

Although we have been stuck in the 26k-30k area for the past few months. But if we look at the overall year to date, we've gone from 17k to 30k, which is a really positive move and brings double the profits for those who bought bitcoin when the price hit 15k $ last year. Those who feel the market is not improving because they set their sights too high this year but for me it is a positive movement for bitcoin.

As for predictions for the year's final months, I still have the old view that bitcoin is unlikely to have any significant upside movements. We will continue to struggle in the $30k area until the halving occurs. I don't think bitcoin will surpass $30K and reach higher prices before the end of the year.

If we look overall from the beginning of 2023 until now, quite a lot of positive movement has occurred this year, although it has not occurred significantly, but the increase is enough to be good this year.
And for the remainder of this year, we cannot predict with certainty, but if we look at the end of the year as has happened in previous years and also from the global news which has been quite positive so far then I am very optimistic, even though there has been no significant improvement. significant but I don't think there will be a sharp decline.