Topic: Bitcoin - what are we expecting for the rest of 2023? - page 6. (Read 1124 times)

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.

Looking at the current price of Bitcoin, I am optimistic that Bitcoin will bring us a lot of good things next year. Bitcoin market is growing now but if Bitcoin price continues to rise like this then it can reach 50k$.  has started to grow. Those who invest in Bitcoin will get huge profit from Bitcoin if they can hold it for long time. And if they sell with small profit then they will regret later.

Confidence is important when you are trying to advise yourself and what steps to take to try to understand bitcoin's trajectory. Everyone has a different approach to the stage of achieving perfection in investing, trying to enter our minds with patterns that contradict other people's thinking is not right, because everyone must have done research on investing in bitcoin along the way. The discussion that takes place will only guide and give an idea of how other people try to play their strategy in investing and I believe it is a different style and precision.

Of course there are many things that carry bitcoin running and the process does not happen by itself, experience is also the most important part to bring someone to the maturity stage. When that involvement has provided the ability to analyze market movements, then anyone will have the view not to be involved in panic over the investments made.

Don't complicate your steps to get involved in bitcoin and don't need to worry too much about the way the market goes, because in the end bitcoin will still get the moment to get back on track. Experience and direct involvement in investing has led us to a decision and where there is nothing to worry about the market going sideways and today alone we have seen bitcoin back on track.

It's a war between the SEC and Binance.us, not between the  SEC and Binance global, so bitcoin and the market won't be affected too much is understandable. The bigger difficulty that Binance faces is that they are being suppressed in many EU countries, and we still don't know what impact it will have on the market.

Chances for bitcoin to drop to $20k are hard but not impossible. The negative news is always beyond our expectations, so being subjective at this time is quite risky. Not to mention the impacts from outside the market such as economic situation, news about war...there are many things we need to pay attention to because they will also directly affect the market.

I am the opposite of you, I will be more careful and believe that there will be more big difficulties waiting for us ahead, and $20k can be broken anytime.

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.

Changes or different scenario we might be able to encounter, then there's no one would be able to tell.We could make out assumptions yes but not something that we could really be relying on and telling that it

might really be happening for this year 2023. There's no way that we could make out some conclusive approach about on things whether they would really be happening or not.Basing up on price history or movement then we could really tell that there's significant changes in between year stretches on which you cant blame out people on not to make out those assumptions because we know that
price could really be moving on that pace on a particular time basing up on history.

Expect the unexpected just like on what others people been saying because there's no way on telling on what are the things that could happen along the way.We've seen different scenario
and situations for this year alone in 2023 which lots of fuds and lots of recognition or adoption news which did really make out some stir up on the market.

The 2019 season could very well be a good example of this year as well. I am expecting this year to be as good as it gets. I know that a lot of people are expecting it to be a bit different but I think it is going to be a good period to make some changes. It is going to be a bit difficult to see exactly the same but it could be similar. What parts of it could be similar?

Well, we could go 4x from the bottom or a bit less, of course 4x from the bottom would be 60k because bottom was 15k, so I expect a little less, like maybe 40k type of deal, but of course that also means that we won't go down 50% but less so it could be 30k again. That would mean we doubled from bottom, but also we dropped from the top of the year as well.

Yes, it's very possible, but personally I see it in a more positive direction, although not significantly this year.
Throughout this year, the price of Bitcoin has not moved too significantly, instead it tends to stabilize at a price point, even though there is a correction and increase, but it returns to the same point by and I consider that a positive thing and it is likely that the same thing will continue to happen throughout this year.

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.

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.
if this will come like what we have in 2020 and to 2021 , then from the lowest of 25k this year or before halving , there might be a 100k waiting for all of us?

Once you do have the experience and have seen this market moves or behaves then you would really be able to find out that there's no point on being conclusive or having that kind of approach on this

market because we know that prices could really be that able to reach out a certain point or not. There's so much things that could really affect out price movements which it might be showing off those numbers that we arent that even anticipating for it to be shown or could reach or dropped on. This is why its not really that suggestable that you should really be having that kind of behavior
on where trying out to convince yourself that it would reach a certain price.

Rest of 2023? No one really knows and the best thing to do is to go with the flow and dont make yourself that desperate on trying to go or do on whats on your mind.

For the rest of the year I'm either expecting higher prices between $50K and $60K if $30K is broken, otherwise I'd say $15K to $20K if it holds as resistance. I very much see either a 100% increase in price or otherwise up to 50% correction. I currently favour the former, but if $30K holds as a year long resistance level, it could very well hold until the end of the year leading to a significant correction.

Generally I think the increase in volatility at some point this year will likely lead to more extreme price movements either to the upside or to the downside.

Volatility can never be ignored either in the long term or in the short term, but when we understand the process it is not a big problem because there will always be a stage towards recovery as a step to maximize profits. As for the problem, the price may drop below $29k on its way because there is no accurate prediction that can be used as a reference, but I believe it will reach $30k-$35k in the following month after the resistance point is reached due to the previous correction.

It could be like the analysis you convey, that a sideways condition is most likely very vulnerable to another correction. So let's hope for a close in the month bitcoin is able to sustain $29k-$30k. The of panic is no longer a problem because we have experienced and have observed this kind of market a lot in the last few years and it should be an experience.

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.

The halving is getting everyone very excited as it gets closer and closer to us, but let's not forget this year is very different from any other. I mean, economic crisis and high inflation is something bitcoin has never experienced before, so we also need to look closely at the market. I doubt if the economy can't recover, will the halving really be strong enough to make the market go up?

For me the summary of what I think is to come in the second half of the year is sustained growth, with some ups and downs and maybe touching $50K or a little less. The worst of the bear market is over and we are in a pre-halving year, where there is usually a little upside.


That is my approximate expectation as well.

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.

I still believe and stand in my prediction about the Bitcoin price for 2023. No matter how good and how positive movement the Bitcoin will encounter this time around. I do not think that it will exceed 45k for the year of 2023.

All bitcoin has to do is to show us some signs that it can be able to accomplish the bull run of the halving and would be fine in the market so far. We are all convinced that bitcoin still have the ability to attend a new all-time high. So, some investors will have to relax and wait for halving.

Expecting the unexpected on which this had been always like this on which the things that could happen would really be entirely random on which we dont know on what are those plans that had been planned up already

or something that predetermined on this market. Manipulation? Yes, but not on the sense that it wouldnt really be that obvious. Something new? No its not and there's nothing we can do about it since they could really
be able to make the market be on that way. Whenever we do see tons of fuds or even with those shilling and hype then we arent that blind on not to know on what kind of fundamentals we are seeing.
For those who had been here on this market for a while now will surely be having that kind of impression that you are really that indeed aware on what are the things happening.
It is really just that there's no way that we could predict on where it would be going.

I wouldn't say your approach is bad when it comes to investment plans, but maybe you should also consider DCA to buy bitcoin cheap. Even if you can buy at any price, I believe you won't when the price is rising. I don't know, I don't know the truth either, but your approach to building a portfolio is also good.

I tend to accumulate it when the bitcoin price is correcting, it's the same as buying on a dip. If you want to build a better portfolio, then dip and hold buying is also good for you. Besides DCA is also good to complement your strategy.

This is the right approach, we know that whatever price is reached by bitcoin at the end of this year is just going to be the tip of the iceberg, the halving is not coming until the next year and the bull run will probably not reach its peak until 2025, so this is the time in which we must be thinking about all the methods we are going to use to accumulate all the bitcoin that we can, and while the price is important as the smaller the price the more bitcoin we can get for our money, it does not really make the most sense to worry about that right now.