Topic: Bitcoin - what are we expecting for the rest of 2023? - page 2. (Read 1121 times)

2023 was considered as a precious year as starting months were a good one because the value of bitcoin and all others coins was upraised but as we see the worth since mid of August to be as there is bear season coming. I think people are still stuck to crypto market during such a bear season because of the positivity of halving so they tolerate this bear season because they know that Bull run will be after this.

Although its difficult to predict that bear season is in or out because the non permanent shift is possible anytime. We should focus only on our investment and will no decide to sell our tokens during these days because we want profit but we don't wants failure therefore tolerate something to  get everything.

There isn't any bitcoin ETF approval deadline this year. The first one we might see in January of 2024. There is FOMO forming up regarding bitcoin ETF and halving. Some experts predict this can be the biggest bitcoin rally we have ever seen. All the possible ETF approval deadline is around bitcoin halving in August. It seems they wanted to amplify the halving FOMO with this news event.

We know that investors could really be that on different types on which there would really be those people who would really be holding for long term and to those people who would really be selling out their bags on the time that they are seeing profits on which they had made without really be needing on holding for long years because not all would really be having the patience on doing so and this is why they would really be much preferring on selling out once they do have the opportunity. What to expect for the rest of 2023? As we do go fast approaching or go near with that halving period of Bitcoin then expect that there would really be some possibility of moulding up some Hype and interest on which it might be sparking out on the time that we are really that near into those months on which the price is really that might be slowly increasing. There might be some last
moment crash or decrease of the price on which im already that anticipating because we know that anything could really happen along the way.

Dont make yourself that too optimistic towards things on what you had speculated or analyzed because it cant really be just that so possible that it would really be always precisely
go on what you had predicted. Expect the unexpected as always because this market is always been like this and there's nothing you can do but to go along with the waves.

I don't think this will happen, it's normal to take profits if Bitcoin reaches 40k later this year and if holders starts to sell it means they are not real holders, they are still the same set of people that need to be flushed out of crypto space.

Right now Bitcoin looks oversold to me, maybe my chart reading is wrong but this is what I am seeing, nothing great is going to happen after the halving, so there is still time, Bitcoin can reach 30 to 40k this year and still retrace in 1st quarter of 2024, but do not expect any lower price.

Many people will end up with dollars they can't use to buy Bitcoin because their expectation is 10k per Bitcoin, they will end up rushing back into the market when the price starts surging already.

From Oct 3 to Dec 31 I see a miner’s relief rally of about 33% so 27 k to 36k should happen.

Maybe even 27k to 40k.

Trying to look with that recent movement.


We have already have those kind of boost up with our emotions that this might be it but now
seeing those corrections then it does tell us that it wont really be something easy.
30k barrier is really that something hard to reach or to break but lets see since we are really just that starting
of this month.

Many think so, we expect to see a green market in October in accordance with past history where October has always been a reversal month that makes the market recover even if not completely.

Seeing how Bitcoin rose in September or in Q3 2023, this is Bitcoin's best performance,
whereas Bitcoin's performance from 2017 always looks down.

The hope for Bitcoin to go higher and reach a new ATH will be even greater and yes we need to see another 2-3 months or next year before the Halving occurs.
It will be the much-anticipated UPtober and hopefully a lot of positive sentiment on bitcoin to help bitcoin and the crypto market rise.

Well I agree with you because Elon Musk's moves are nothing important when we consider longer term. I always find out September as very bad season for Bitcoin pricing overall so I was ready to trade to hit advantages around. I think october can be maybe little bit better but I also think there are nearly no reasons to turn this bear market into bull market. I suppose we need to wait 2-3 months more to see better results.

If the SEC complies with the request of the US congress about immediately approving the spot ETF, then we might see some recovery in this latter part of the year.  According to the news from Coindesk U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’. four members of the House of Financial Services Committee called the SEC to approve ETF application since SEC lost a court fight over the decision to reject Grayscale's spot ETF.

If the SEC listen to the call of the US House Financial Services Committee on approving spot ETF, this might hype the sentiment of the market and enable the Bitcoin price to rally even before the hype of halving take effect.

I think sideways, continue as you were.   26111 is the current level I need price to hold as we are continually backing off from the highs but also multiple attempts to move upwards.   
   If I look for a clearer sign I would respect the higher time frames, peak prices are also in line with 50 day average.  So ideally I'm looking for that ceiling to break and our range to be something new not a repeat.    If all of that is true and 50 day average remains at our feet not above our heads I can believe in positive trending action for BTC in the remainder of this year.

It's because we are still in the last leg of the bear market, but still good to see that in the next couple of months or at least the end of the year, the price is not going to see another lowest low or there are no more negative news that will put selling pressures for everyone.

I expected to be around $40k-$50k at the end of the year, but it seems that it will not get to there. Nevertheless, still good that we are somewhat around the $26k numbers and not going for another low. So just take it easy, as the price might go on another sideway patterns till the end of 2023.

For those institutions or companies who do see the advantage of Bitcoin or having be able to be wary about its potential the gradual accumulation would really be their main priority. They are buying not in bulks but rather on gradual phases on which it might look not that affecting much but they are already stashing out coins while the price is still cheap. Yes, it is really that an advantageous thing for the entire market since recognition
of Microstrategy is there but we should really be having in mind also about the risks of those dumps on the time that they would release and sell all of their bagholdings on which it would really be causing that significant impact but since its their coins then they do have the full rights on what they would really be doing which it would really be that known that once this market hits up that new all time high then it would be the sweetest spot on securing profits and just like with other investment approach then it would really be just that normal on having that kind of plans or possible actions which you would really be making.
Expect the unexpected because market is something that cant be known on what the price movement would really be looks like in the future. This is why it would really be that wise
that you should really be taking up such step.

We are in the third quarter of the year and the year is far spent to the ending. And the price of bitcoin is still low to some extend. Though there is an indication that the price will go up from any moment from now. The price was $26,800 today and suddenly came back again. And my expectation of bitcoin price before the end of this year and early next year is $40k this year and $45k early next year. 

If the price of bitcoin climbed to $45k early next year then there is a possibility that the price will reach $55k to $60k early 2024.

Michael Saylor and his company-- MicroStrategy have always believed in Bitcoin and their belief has always paid off, and the major payoff for them would be when Bitcoin hits another all-time high this time maybe going around $100k which will surely make their stack worth lot and the company will have a huge profit out of its Bitcoin investments that it has made so far and might make in the future. They've always used the perfect market conditions.

If we talk about market conditions, I believe we won't see any major movements now in this year, the only major movement we saw was at the beginning of the year when Bitcoin went from below $19k to $31k in just a couple of months, and then it became stable there. But, we will surely see some action in the next year.

September is almost over and we are only 3 months away from the end of the year but things are still in the doldrums and I think optimism is something we should continue to maintain. But being certain about anything about bitcoin is something we should not do because as we all know bitcoin is unpredictable. Halving is approaching but that does not mean that bitcoin will definitely increase in price, we should also consider macro factors such as the world economic situation, inflation, war...Many factors influence the market, the halving is not the only factor. 40k before the end of the year is a pretty lofty goal for me.

Well I am not expecting so much of a raise in price of Bitcoin. There is so much going on in the world and we are waiting for the sec to solve many court cases.

But then if I see whales stacking their coins I think maybe something big is going to happen. Michael Saylor's company MicroStrategy has now bought a additional 5,445 Bitcoin for a price of $147.3 Million. So it does give me some 'bullish' thoughts when he does this.

https://coinjournal.net/news/microstrategy-acquires-an-additional-5445-bitcoins/

Bitcoin is trying to become a bit bullish from time to time and it is going back to the previous position. Because, Bitcoin has not yet achieved the power it needs. So we need some more time. But by the end of 2023 we will definitely see an upside market although nothing can be said for certainly. But almost everyone expects Bitcoin to regain its momentum as the halving time gradually come to us. And when everyone is able to come to the same conclusion, Bitcoin will have no chance but to be bullish. I think Bitcoin will be between 35k and 40k by December.

there will always be correction as this market is the same with other market. but with the continuous adoption of people, i am seeing positive movement down the road. the change may not be this month or the next. but so long this market is attracting attention from various stakeholders, it has the probability to further strengthen its presence in the trading market.
halving event has always this positive interest because of the hope that btc will continuously increase its price, so maybe, we will see positive movement before the year ends. depends on how things are progressing in the overall crypto market.

Hopefully there will be better price improvements at the end of the year because when the Bitcoin halving moment is known by many people, there will definitely be a feeling or urge to want to buy Bitcoin in order to welcome the halving perfectly. Because usually a better increase will be seen when the halving is complete or is caused by the confidence of many people to continue buying after the completion of the halving in Bitcoin.

Corrections of modest size will always be present in Bitcoin, but that does not mean it will make Bitcoin worse. Because the correction period is a time for everyone to be patient while buying again at a low price using as much capital as possible in preparation for welcoming the halving moment next year.

But it looks like 2023 is another bear season.  I believe the rest of the year will still remain bearish since there is not enough catalyst to make the bear market turn into the bull market.  there might possibly some temporary rally during the last month of the year but I do not think it will calm down after the season.  Unless there are major events that can make the market sentiment highly positive, I do not think that there is much changes in the market for the rest of the year 2023.