Topic: How high will Bitcoin rise, or fall, in 2023? (Read 268 times)

I think when you look at the current situation, it's easy to say that it could be possible to make that much profit, I know that it's not going to be simple but it can be done and I think it will happen. I hope that it will happen quickly but until it happens we just need to make sure that it can't be done any other way any time soon.

The increase we had right now means something good, and that is why I believe that we are going to end up with a good profit later on. I know that people are looking into the market like it's on a bull run already, and we are at June only, think about what could happen until December. I think your estimate of 50k is not too far off, I think that could happen by the time December comes around.

I am not really into politics but if it's a good thing for the cryptos if Joe Biden lose then I guess I will also support those who are anti on him. Does SEC gives a warning about cryptocurrencies? If it's about its risk, they must not worry because people in the crypto world already knows that but thanks for their concern. It's not the one that cause the BTC price to decline but it's about their conflict against Binance.

It's okay if Bitcoin became stable at $25k but as long as it won't drop up to $20k or below it because that is already alarming. For now, crypto people are still bullish but $40k seem to be their new target within this year from the former $80k and $100k.

No one knows the exact price or how far the price will rise this year,we still on dip but there is still a big chances of rising in the next couple of months i think bitcoin will reach 50 to 60k$ before year end this was my own thoughts. There is no accurate prediction but based on my observation price is slowly rising this time and if this rising continue we will be having a new ATH few months from now.

And just like that, we have a huge jump in the last 24 hours, price hitting $28k already so that is a good sign already. Maybe this is the break out run that we all have been waiting for, or maybe another form of manipulation?

Still Bitcoin could be a good hedge for inflation for us, and I think investors do think that way. sooner or later Bitcoin will proved itself again when the price goes up next year after the block halving.

We will never know what the next Bitcoin low or high will be. But we don't need to panic if the price drops below $20k again, which I think could happen again if there is pressure from many parties who release a lot of negative news about the world. It can make people panic and they will save their money from all kinds of investments.

But I don't think the US currency can hamper Bitcoin, meaning it might be for a while but won't be forever. But we don't have to think about it too seriously and it's better to prepare ourselves for whatever is coming so we can be ready.

And if the Bitcoin price drops again and inflation increases, we can adapt to the situation and survive. And when the price of Bitcoin decreases, we are given the opportunity to buy so we have to use it well.

Undeniably, bitcoin did not work effectively as an inflation hedge in 2022. But if you invested in bitcoin years ago when it was below $10k, even if it dropped to $15k last year, it still makes a profit for you. That means it still plays a deflationary role in the long run, but it doesn't in the short and medium term.
But with that volatility, if someone takes advantage of it, they are already very profitable, if someone bought bitcoin for $15k last year, they are also making a profit x2 from the current price.

What I think now is BTC is a Safe-Haven Asset, My reasoning is during times of economic uncertainty or recession, Bitcoin has shown the characteristics of a safe-haven asset. Some investors view Bitcoin as a hedge against traditional financial markets and fiat currencies, seeing it as a store of value that can preserve wealth amidst economic turbulence. As a result, an increase in the demand for Bitcoin during a recession has the potential to push its price higher rather than causing a significant drop.

BTC price movements may become less correlated with traditional assets but if you take a deeper look at the birth of the rising market Maturity means the increased presence of institutional investors could contribute to Bitcoin's ability to set itself apart from broader market trends, potentially mitigating the impact of a recession on price. . If confidence in Bitcoin's potential as a digital store of value remains strong, it could offset short-term selling pressures and reduce downside rates, thereby increasing confidence in Bitcoin and potentially contributing to its price appreciation, even during a recession.

Take a look in terms of Use Cases. I think the introduction of a US government controlled digital currency does not necessarily mean direct competition or a headwind on the price of Bitcoin. Cryptocurrencies can coexist and serve different purposes. While government digital currencies may focus on providing a centralized, regulated form of digital payment, Bitcoin's value proposition lies in its decentralized nature, scarcity, and potential as a store of value in the end. These unique characteristics can continue to attract investors and users, regardless of the digital currency. government led.

Concrete examples The recognition and acceptance of Bitcoin as a legitimate asset class by large financial institutions, corporations and even governments (such as El Salvador which adopted Bitcoin as legal tender) demonstrates increasing acceptance and understanding of its potential value, regardless of the digital currency it controls government.

OP is right, Bitcoin is supposed to be a deflationary asset but when it is most needed, it's different from what we expected.
By Bitcoin is being this, it's just showing that there will be a lot of unexpected to happen on Bitcoin.
There are a few reasons why Bitcoin hasn't acted like a deflationary asset, it could because there are still very few people know what Bitcoin is or it is not yet widely accepted as form of payment.

According to my analysis, the lowest value Bitcoin can reach this year of 2023 is between 19k$-20k$ and the highest it can reach before the end of this year is between 40k$- 50k$.

This is based on my technical analysis of the trading view that I have seen and observed in which direction it will go. But of course, that still depends on what happens in the news regarding Bitcoin or cryptocurrency. It may not be certain but it could be possible to happen.

You have your rough range already lined out for you already, this is it boring as that might be.    Its called consolidation in that the vast majority of the markets energy and efforts in trading every day goes towards reinforcing pricing.  It is ultimately bullish to hold a range of prices in a stable pattern and we will break out, its been seen before and here we are again.  BTC doesnt always have to trend up or down, sometimes it will frustrate both sides of the order book.

We can always be having that technical analysis approach
We can always be having that fundamental analysis approach

But still there's no way that we can precisely tell on where it would be going and this is something that cant really be predictable and its always been like that.
For this year 2023? Lots had been anticipating that we might be seeing breaking 30k and reaching 40k which we cant really be able to tell.
Observing out about on how it do moves for this mid-year already then we can assume out that it wont really be that its really that too stressful
when you do always keep on minding about its potential price point on a certain duration. Why not really just that go with the flow instead?

Bitcoin increment doesn't have any direction or any durability, you can't predict accurately the high bitcoin can possess seasonal, because I know quite well that bitcoin fluctuates in price and whosoever who is predicting a particular amount in bitcoin that bitcoin will get to, I believe that the person wants to put some people or deserve them, you can count the miles of bitcoin increment because it can fall in the morning and rise in the evening, in summary bitcoin price is unprecedented

We may be able to predict the closest price - but not about the exact price. My guess is $42K is the highest price bitcoin could possibly reach in 2023 - and the lowest is $20K. This guess is based on current fundamentals about bitcoin - but if that scenario fails then of course $40k will never be reached in 2023.

No prediction can be made with 100% accuracy - but some analyzes sometimes come close to this price.

I agree with the misconception caused by impressions created towards this industry. Rewards won't come in an instant. If you're into long term holding, you're more likely to survive ups and downs in the market than short term investors who are often the victim of wrong DCAs and price actions. Market moves in a very unpredictable way. Sometimes it would be better to ignore every changes in the price 'coz in the long run, its market value is continuously increasing in an inconsistent way. Altcoins are the tokens which are better for short term runs, problem is picking the right one given how huge the number is, for altcoins.

How high will the market price be? As we all know it is hard to determine. Even if there's an estimated bullrun next year, no one can accurately tell how will the price would really be unless it already happens.

I think it is obvious that bitcoin is a long term one and not too many people realize this quickly, they lose years trying to get rich quick and they end up realizing they can't do that and they have to keep on working towards long term holding in order to make it work then it would be even more amazing. I think people are getting closer to that during bear markets, they realize that they need to hold and they can't just get rich overnight, but during bull markets there are very few rare cases where people actually do get rich, they buy something very early on and it goes up super high and they get rich, so they keep thinking that they can do it.

There were a few projects my friends were interested in and that mattered, like Avax, one of my friends got into it probably as one of the first ever people to do so, and it went up, so they he got richer. Hence bull makes them think this is common and possible.

But just look at where the strongest support is trying to break. Buying near the strongest support is best.
Doing DCA is not just buying every time it goes down but there is some analysis that must be done.

Predictions will not always be correct, there will be mistakes because the market is unstable and many good and bad news appear suddenly.

Some Altcoin alternatives are not bad, such as ETH which will be a pretty good investment alternative because it has developments that always follow Bitcoin.
The main investment, bitcoin, also needs to be supported by diversifying into promising assets in the future.

If you think like that, then I would think the opposite of what you are saying. Indeed, Bitcoin has become a fairly good investment vehicle with its popularity which is not at all doubted by many people, moreover they have also seen how the adoption of Bitcoin continues to grow in several countries in the world today. But alternative creators are also very numerous now and some alternatives are also not bad to have for everyone although the first investment option should also be considered in Bitcoin.

Because Bitcoin has become an investment asset that is more suitable for the long term, apart from that Bitcoin must also be placed in the first choice in terms of trading because there are many people who can still benefit from it until now. And for further choices such as alternative coins, they are only more suitable for short-term investments. So not everyone who comes here is for investment, but there are many other things that everyone can do apart from just investing and one of them is promoting the products they have developed so far although the success rate is still unknown.

Well, doing DCA is always a good strategy when the market is down or is going down day by day, if one has enough funds at hand, they should keep buying at intervals and keep holding until the price reaches around its previous all-time high or reaches the target one has set in their mind for selling their Bitcoins, once that target is hit, they should go ahead and sell them and enjoy the profits.

I agree with you that one shouldn't wait for the perfect time to buy because it is not possible to perfectly time the market for everyone even the ones who are big experts and claim to know almost every move of the market, even their predictions fail sometimes.

No one is able to predict with certainty the price movement of Bitcoin in the future, the ongoing turmoil in the Bitcoin market makes it impossible for anyone to guarantee the accuracy of a prediction with certainty. The threat of a recession that is already in front of my eyes will not affect me, before that I have managed to overcome several threats that make the world economy collapse like Covid 19. I don't want to worry that the price of Bitcoin will go up or down at the end of the year, as long as it's still favorable, I will continue to hold Bitcoin until the Bull Run returns.
Expecting Bitcoin to break through higher resistance is a dream that Investors want to achieve at least for now, then why Investors have to convert BTC into cash to pay debts, is there no other more effective way?

The problem is that Bitcoin supporters are probably not solid because there's more than one candidate who supports Bitcoin. Aside from Robert Kennedy Jr., there is also Mayor Suarez of Miami, Governor Ron DeSantis of Florida, and even the young Ramaswamy. Although even if there's only one candidate who supports Bitcoin, I doubt Bitcoin supporters would immediately rally behind him. There must be other criteria to consider.

Bitcoin's hold on $25,000 is fast losing strength. The price will probably fall below $25,000 soon. I just hope $20,000 is the bottom within the year.