Bitcoin - what are we expecting for the rest of 2023? - page 5.

tygeade

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Quote from: Hamphser on July 08, 2023, 07:47:30 PM

Bumpy ride indeed and since we dont able to know on whats heading on us then it is really that hard to tell on whats next. Its true that before halving event then the market would really be preparing up for some
huge kick on of a green long candle but we dont know on when would actually happens. Rest of 2023 would really be the last chance of accumulating coins while its still cheap for this cycle because once
bull run would kick in then you would really be finding yourself get left behind again on the train.

Expect the unexpected as always because market is always been that volatile and unpredictable.There's no way on telling on where it would be heading or on where it would be ending up.
Important thing is that you do able to position yourself while the market price isnt really that still going up.So that you wouldnt really be finding yourself buying on the peak.

Bumpy ride is the natural part of bitcoin, it is volatile and that means it will go up and down like crazy and that's how it always been. Do not expect bitcoin to stay stagnant for too long, sometimes it can be but usually it is not and that means we are going to see Bitcoin price move up like 10-20% in a single day, and we can see it crash like that in a single day as well.

There is nothing new about that, yes it is hard to get used to it if you are a newbie because not many other assets can earn or lose that much quickly, even if they do, it is rare and not common. When stock market crashes 10-20% in a single day, that's a big deal, we have that like at least half a dozen times a year, but we also recover so there is no problem about it at all.

posi

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Quote from: South Park on July 08, 2023, 07:06:39 PM

Quote from: mich on July 08, 2023, 04:01:45 AM

Well I think we are in for a bumpy ride for the rest of this year. And maybe even in the start of next year. But then when halving happens I think things will change for better. My best projections point to a huge rally and price recovery for late 2024.
I am really expecting to see big profits from historic highs after that point but you have to be patient. I think focusing too much on short term is a bad investment strategy. Bitcoin is here to stay and over a long enough timeline you always see it recover and then reach a new all time high.

2023 should be an accumulation year, it is true that this year has been way better than what many of us expected, especially if we take as a frame of reference the crypto winter we suffered after the collapse of 2018, however we must not forget that this is simply not the right time to expect some kind of impressive performance out of bitcoin, it is better to let it be and simply not put too much attention to its short term movements.

Agreed, the rest of 2023 is the last time for us to accumulate bitcoins as the halving will happen in 2024, and then we will not have a chance to buy bitcoins below $30k. So I'm expecting the rest of the months, bitcoin won't recover any time soon, but instead, there will be a stronger correction giving me a chance to buy cheaper bitcoins.

Bear season 2018, a lot of people missed bitcoin when it was only 3k$, including me, so I hope everyone takes advantage of this time to correct past mistakes, don't let regret repeat. Bitcoin under 30k is really a gift.

Hamphser

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Quote from: mich on July 08, 2023, 04:01:45 AM

Well I think we are in for a bumpy ride for the rest of this year. And maybe even in the start of next year. But then when halving happens I think things will change for better. My best projections point to a huge rally and price recovery for late 2024.
I am really expecting to see big profits from historic highs after that point but you have to be patient. I think focusing too much on short term is a bad investment strategy. Bitcoin is here to stay and over a long enough timeline you always see it recover and then reach a new all time high.

Bumpy ride indeed and since we dont able to know on whats heading on us then it is really that hard to tell on whats next. Its true that before halving event then the market would really be preparing up for some
huge kick on of a green long candle but we dont know on when would actually happens. Rest of 2023 would really be the last chance of accumulating coins while its still cheap for this cycle because once
bull run would kick in then you would really be finding yourself get left behind again on the train.

Expect the unexpected as always because market is always been that volatile and unpredictable.There's no way on telling on where it would be heading or on where it would be ending up.
Important thing is that you do able to position yourself while the market price isnt really that still going up.So that you wouldnt really be finding yourself buying on the peak.

South Park

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Quote from: mich on July 08, 2023, 04:01:45 AM

Well I think we are in for a bumpy ride for the rest of this year. And maybe even in the start of next year. But then when halving happens I think things will change for better. My best projections point to a huge rally and price recovery for late 2024.
I am really expecting to see big profits from historic highs after that point but you have to be patient. I think focusing too much on short term is a bad investment strategy. Bitcoin is here to stay and over a long enough timeline you always see it recover and then reach a new all time high.

2023 should be an accumulation year, it is true that this year has been way better than what many of us expected, especially if we take as a frame of reference the crypto winter we suffered after the collapse of 2018, however we must not forget that this is simply not the right time to expect some kind of impressive performance out of bitcoin, it is better to let it be and simply not put too much attention to its short term movements.

mich

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Well I think we are in for a bumpy ride for the rest of this year. And maybe even in the start of next year. But then when halving happens I think things will change for better. My best projections point to a huge rally and price recovery for late 2024.
I am really expecting to see big profits from historic highs after that point but you have to be patient. I think focusing too much on short term is a bad investment strategy. Bitcoin is here to stay and over a long enough timeline you always see it recover and then reach a new all time high.

Mahanton

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Quote from: kotajikikox on July 05, 2023, 06:51:14 AM

Quote from: Davian144 on June 30, 2023, 02:31:56 AM

Quote from: kotajikikox on June 30, 2023, 01:19:29 AM

Well it is not what I've said there , instead I was just pointing that Repeating it self is not what we can expect soon .
either the drama of FTX fall or Binance and SEC , prediction will always comes from different areas and successful traders will only earn once the bull comes.
and talking about bitcoin is indeed needs no complete assurance because we knew that it will come at least any time after halving.

While it could come any time after the halving, support is still pretty strong for now as I did see Bitcoin pass $31K in the past hour although it wasn't that long ago. But given that kind of upgrade, I think the impetus for pumps after the halving or before the halving could happen later this year as the effects of the Binance and SEC dramas are no longer seen as a barrier to the price increase in Bitcoin in this year.

and again drops to 30k staying at this price , i hate to see it coming here and there but are bitcoin again is not manipulated?

maybe if this will be staying and will not move any higher till 3rd quarter then i will come to the idea that we will not see a good position this year.
and maybe in the next coming year instead and that is 2024 or 25 if cannot reveal next year.

Manipulated or not, there's no way that we could really be able to tell on where the price would really be heading on and this is why being that conclusive when it comes to price is never been that ideal to have that kind of mindset on because we know that prices could neither be following TA or FA but there would be no assurance that it would really be able to follow those. Manipulation might really be that obvious but what can we do?
All the thing we can do is to observe and find out those perfect or good entries whether on the peak or on the bottom.Unless if you are really that holding for long term then this wont be an issue but if you are that
someone who do make out shorter trades then this would really be a pain in the ass for this kind of situation where prices do stagnate for some point and then becomes too volatile on which comes into a situation where
your analysis been thrashed out or something that had been not able to go along.

kotajikikox

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Quote from: Davian144 on June 30, 2023, 02:31:56 AM

Quote from: kotajikikox on June 30, 2023, 01:19:29 AM

Well it is not what I've said there , instead I was just pointing that Repeating it self is not what we can expect soon .
either the drama of FTX fall or Binance and SEC , prediction will always comes from different areas and successful traders will only earn once the bull comes.
and talking about bitcoin is indeed needs no complete assurance because we knew that it will come at least any time after halving.

While it could come any time after the halving, support is still pretty strong for now as I did see Bitcoin pass $31K in the past hour although it wasn't that long ago. But given that kind of upgrade, I think the impetus for pumps after the halving or before the halving could happen later this year as the effects of the Binance and SEC dramas are no longer seen as a barrier to the price increase in Bitcoin in this year.

and again drops to 30k staying at this price , i hate to see it coming here and there but are bitcoin again is not manipulated?

maybe if this will be staying and will not move any higher till 3rd quarter then i will come to the idea that we will not see a good position this year.
and maybe in the next coming year instead and that is 2024 or 25 if cannot reveal next year.

adzino

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No one knows what is going to happen. And things are currently quite shaky. We are actually surprised to see that despite having so many chaos at the market, the price of bitcoin did manage to stay strong. But who knows what is going to happen in the future. If you are holding long term and can keep holding as long as you want, then I don't see any issue with "the future". The price might crash the end of the year, but you aren't losing anything because you are still holding your coins. Look at the chart and you will see the price of bitcoin always recovered and went up in the long run.

justdimin

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Quote from: Oasisman on June 29, 2023, 03:23:36 AM

Might be difficult and $20k might also be possible, but we have been bombarded with negative news when the SEC are simultaneously chasing against the big crypto exchange posting a threat to freeze also assets within the exchange. But, bitcoin didn't react that much and stayed at the $25k level as the lowest it got.
So, there's a huge chance that we are not gonna see it again this year as people have been gradually accumulating now for the most awaited bitcoin halving.
Market sentiments moving forward are kinda bullish.

I guess there needs to be something bad that goes around if we are going to end up seeing 20k again. By the looks of it there isn't really anything that will go about like that and 20k would require a lot of big crash. At this moment the lowest I can see would be 25k again, that was seen not too long ago and could be seen once again, aside from that I believe it is going to go up as well.

Most people ignore the fact that it may go up and it looks like it has provided many of them wrong recently as well. I expect a small fall in the near future to get all those sell offs and so forth but after that I am expecting it to be a bit different and we should be considering it a bit crazier higher ups in the future after that drop ends.

Davian144

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Quote from: kotajikikox on June 30, 2023, 01:19:29 AM

Well it is not what I've said there , instead I was just pointing that Repeating it self is not what we can expect soon .
either the drama of FTX fall or Binance and SEC , prediction will always comes from different areas and successful traders will only earn once the bull comes.
and talking about bitcoin is indeed needs no complete assurance because we knew that it will come at least any time after halving.

While it could come any time after the halving, support is still pretty strong for now as I did see Bitcoin pass $31K in the past hour although it wasn't that long ago. But given that kind of upgrade, I think the impetus for pumps after the halving or before the halving could happen later this year as the effects of the Binance and SEC dramas are no longer seen as a barrier to the price increase in Bitcoin in this year.

kotajikikox

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Quote from: fuguebtc on June 28, 2023, 07:52:38 AM

Quote from: kotajikikox on June 28, 2023, 07:07:19 AM

Quote from: fuguebtc on June 27, 2023, 06:57:36 AM

Quote from: GreatArkansas on June 26, 2023, 09:24:49 PM

Quote from: JamesDaniel90 on June 22, 2023, 10:18:46 AM

(....)
How high can we go before 2024? $40k? $50k?

The end of this year for Bitcoin is extremely bullish for me. As most other people indicate, which is the block halving. I agree with it also because the basis here is history, it kinda repeats itself because it's not just happened one time.
We still have a lot of time before 2023 will end, we could still visit the $20,000 level, that's how volatile Bitcoin is and difficult to predict.

If you believe history is repeating itself, it is possible. If I remember correctly, in 2020, bitcoin also dropped from $12k to $4k after bitcoin rose from $3k to $12k in 2019.

That happened because of the pandemic mate and the effect is really bad but sooner as the halving is coming ? the value rose up to the ATH that we have recorded years back.
so I believe that it does not count as for the repeating itself from history.

The Fall of FTX or the drama between Binance and SEC, can we predict? There is no guarantee that there won't be another big black swan or Fuds causing the market to crash before the halving again, anything is possible. There will be no pandemic, but creating FUds should not be too difficult for market makers. I still believe history will repeat itself, but not all, because each cycle has many different factors that affect the market.

Well it is not what I've said there , instead I was just pointing that Repeating it self is not what we can expect soon .
either the drama of FTX fall or Binance and SEC , prediction will always comes from different areas and successful traders will only earn once the bull comes.
and talking about bitcoin is indeed needs no complete assurance because we knew that it will come at least any time after halving.

ancafe

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Quote from: tygeade on June 29, 2023, 11:03:49 AM

Depends on how the situation goes for the future, it looks like bitcoin may do well enough but that doesn't mean that it has to do well, it just looks like it might. This is why I am not entirely sure that it would be a good thing coming up right away, it "might" do well, but it may not do as well as we hoped for as well. The best thing about the situation right now is the fact that bitcoin has gone up, so that means even if we do not do well, if we do not do badly then it would be good enough for us.

We can stay above 30k, and even if we do not reach 35k, that means the price point of 30k would be great for us. I just hope that it would get to a point where price doesn't fall, because if it falls, that would be the only bad thing that could happen.

Regardless of how the previous correction situation was caused by panic, but in fact we have seen a gradual recovery this time so that the market conditions are back to green to dispel some people's doubts about entering the market. The price of $30k is enough to close the month and we hope that next month there will be another change towards $35k. While some think that a price above $30k is still high enough for bitcoin to be priced into another month, it is the closest price before the correction caused by the SEC and Binance, so a potential towards $35k is very likely.

The correction will again affect the course of the market for the next month and we also never know for how long. If the market is running sideways, it means that the conditions are not going up and down significantly, so the opportunity to accumulate purchases is still quite open before heading to the next ATH.

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Quote from: Agbe on June 29, 2023, 11:03:40 AM

Quote from: JamesDaniel90 on June 22, 2023, 10:18:46 AM

How high can we go before 2024? $40k? $50k?

From the way things are going we can't predict the exact price that will end Bitcoin in this year. And if I may say or predict, it will below $30k. The first six months in the year, it was between 25,26, to 30k$ and now it has stand on 30k$. So the remaining six months it will still come down below $30k before it will go up again.

Your prediction is completely different from the rest here and it is interesting to think about it. To me, the market does not follow the crowd, when everyone expects and believes that bitcoin will definitely increase, bitcoin will reach 40k-50k by the end of the year. It is more than likely that bitcoin will go against people's wishes, and it has happened many times, and this time was no exception.

What I want is to accumulate a lot of bitcoins, so I don't expect bitcoins to rise too quickly and cross the $30k. I prefer bitcoin with low prices until year-end rather than recovery.

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Quote from: Franctoshi on June 29, 2023, 01:31:31 PM

The trend is your friend until finished, So far, the price did not break below $24k technically after its retracement, and it is continually turning previous resistance into support, I strongly believe that the market is potentially building up for the next bull run so far it has not broken the trend. Therefore, we will experience a good end-of-the-year with prices likely ranging between $40k-$50k toward the end of 2023 IMO.

I agree that this year seems to have a growing sentiment rather than a decline. Though I won't see it will pump bullish, but it probably will surpass $35k.
Technically, this year was not totally the full set of recovery as the dump will still occur anytime. Perhaps, it was expected that when the halving comes, the demand will grow because they'll believe that after halving is the bull season. They are taking the opportunity to buy Bitcoin before the surge which also has a huge impact on its price.

Hamphser

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Quote from: tygeade on June 29, 2023, 11:03:49 AM

Quote from: ancafe on June 26, 2023, 11:39:14 AM

Of course this is a good moment after the correction process that occurred due to binance, bitcoin is back at the resistance point and a gradual increase is the condition we are waiting for or it could be sideways in its journey. I don't think the price is a problem for now whether it goes up or gets corrected again because according to my prediction we will see a new price next year. This condition needs to be used to collect bitcoins and hopefully we won't be left behind when bitcoin reaches the next ATH.

The $30k price will be the latest support point and I think $31k-$35k is the most likely price to break next month, although on the way there will be another minor correction. I hope that next month bitcoin will break the price of $ 35k so that we can see the halving process in the near future or at the end of the year.

Depends on how the situation goes for the future, it looks like bitcoin may do well enough but that doesn't mean that it has to do well, it just looks like it might. This is why I am not entirely sure that it would be a good thing coming up right away, it "might" do well, but it may not do as well as we hoped for as well. The best thing about the situation right now is the fact that bitcoin has gone up, so that means even if we do not do well, if we do not do badly then it would be good enough for us.

We can stay above 30k, and even if we do not reach 35k, that means the price point of 30k would be great for us. I just hope that it would get to a point where price doesn't fall, because if it falls, that would be the only bad thing that could happen.

Expect the unexpected as always on which it would really be that wise that you should really be that able to go with the waves or simply go with the flow and there's no one would be able to predict on what would be the future looks like. No one even knows on what would be happening tomorrow if there would be some sort of huge news whether negative or positive for the entire crypto space on which it would really be driving the entire market trend on neither it would really be that bearish or bullish and this is why it would really be just that right that you should really go with the flow and would really be acting according on whats the trend.
Profitability would really be entirely be depending on how you would really be gonna act wise and this would really be differing into each individual since not all would really be having the same
level when it comes into their knowledge and interest towards crypto.

ajiz138

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Quote from: Agbe on June 29, 2023, 11:03:40 AM

Quote from: JamesDaniel90 on June 22, 2023, 10:18:46 AM

How high can we go before 2024? $40k? $50k?

From the way things are going we can't predict the exact price that will end Bitcoin in this year. And if I may say or predict, it will below $30k. The first six months in the year, it was between 25,26, to 30k$ and now it has stand on 30k$. So the remaining six months it will still come down below $30k before it will go up again.

There's still a lot of speculation with the rest of the year I think 6 months is a long time bitcoin can have any kind of reaction during that journey sometimes in the patterns you see it's still hard to predict with there going ups and downs caused by a number of other things that could certainly impact the ride for the rest of 2023, but I don't think it's going to drop to $30K.

Actually, I didn't really expect the rest of the year, except that I can only accumulate well, for example bitcoin bitcoin sideways which is quite long and this pattern doesn't go up and down significantly. This is an opportunity to continue to be able to continue the accumulation well.

The prediction is free, $40K - $50K can happen even under $30K is still very possible, but I see that ahead of the halving there are still signs that bitcoin will recover a little more.

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Quote from: Franctoshi on June 29, 2023, 01:31:31 PM

The trend is your friend until finished, So far, the price did not break below $24k technically after its retracement, and it is continually turning previous resistance into support, I strongly believe that the market is potentially building up for the next bull run so far it has not broken the trend. Therefore, we will experience a good end-of-the-year with prices likely ranging between $40k-$50k toward the end of 2023 IMO.

While many people share your beliefs about the potential price of bitcoin in 2023, there are also many who doubt that $40k or $50k will not be reached this year. If you do your analysis then it is very possible for you to find one fact that bitcoin price still seems likely to fall instead of breaking the $40k resistance this year, but if the pattern is broken then clearly $40k is not a big barrier.

$35k is the highest price for bitcoin in 2023, but if big investors support and increase demand, then of course $35k can be expected to be support before the halving. Meanwhile, we have entered the tail end of June, but bitcoin is still unable to break the $32k mark of its close resistance.

Franctoshi

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The trend is your friend until finished, So far, the price did not break below $24k technically after its retracement, and it is continually turning previous resistance into support, I strongly believe that the market is potentially building up for the next bull run so far it has not broken the trend. Therefore, we will experience a good end-of-the-year with prices likely ranging between $40k-$50k toward the end of 2023 IMO.

Captain Corporate

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I believe that we are not going to end up with a bad drop, a lot of people saw the price stay the same and they are worried that the price has been at a place where its not moving any higher and that's why its making a lot of people worried. In the end I think its quite obvious that we should be considering the price a lot better than what it used to be and that is why its going to look a lot better eventually as well. Not a lot of people can say that about crypto at the moment and I think its quite obvious that the increase will continue. I get that it may not be that quick or amazing but it will happen, we just need to give it some time before we can see it go up again and that's it.

tygeade

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Quote from: ancafe on June 26, 2023, 11:39:14 AM

Of course this is a good moment after the correction process that occurred due to binance, bitcoin is back at the resistance point and a gradual increase is the condition we are waiting for or it could be sideways in its journey. I don't think the price is a problem for now whether it goes up or gets corrected again because according to my prediction we will see a new price next year. This condition needs to be used to collect bitcoins and hopefully we won't be left behind when bitcoin reaches the next ATH.

The $30k price will be the latest support point and I think $31k-$35k is the most likely price to break next month, although on the way there will be another minor correction. I hope that next month bitcoin will break the price of $ 35k so that we can see the halving process in the near future or at the end of the year.

Depends on how the situation goes for the future, it looks like bitcoin may do well enough but that doesn't mean that it has to do well, it just looks like it might. This is why I am not entirely sure that it would be a good thing coming up right away, it "might" do well, but it may not do as well as we hoped for as well. The best thing about the situation right now is the fact that bitcoin has gone up, so that means even if we do not do well, if we do not do badly then it would be good enough for us.

We can stay above 30k, and even if we do not reach 35k, that means the price point of 30k would be great for us. I just hope that it would get to a point where price doesn't fall, because if it falls, that would be the only bad thing that could happen.

Topic: Bitcoin - what are we expecting for the rest of 2023? - page 5. (Read 1124 times)