What Is Your Bitcoin market speculation for the month - page 6.

Wiwo

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Quote from: Husires on February 16, 2023, 09:27:06 AM

What is special about the price of 25k to be considered a price reference?

Bitcoin price is not far from 25K, and therefore the price can close this top, but it will not continue to maintain that level for a long time.
There is a strong resistance at 28 thousand, and therefore, even if we succeed in that, it is difficult to break this resistance, but after breaking it, there will be no major problems in returning to 30K.

I expect that we will continue in a price range between $19,000 and $26,000.

I believe Bitcoin will rely on around the 27k region for a while before breaking the 30k price benchmarks, we have a long way to go before the halving which is one and a half ways to go.
-We may see some unexpected price movement that will change the face of the market and this may even go beyond the last bitcoin all time high.
-We expect to see a new price row for around 100k which may happen in the next couple of months to come.

Minecache

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Quote from: Edwardard on February 15, 2023, 10:56:06 PM

Quote from: Fundamentals Of on February 15, 2023, 10:22:09 PM

$25,000 within February is an easy target.

And we already hit 24939 on bybit and most exchanges (almost 25k). This was at 22k yesterday. Who would have imagined such a price increase after a not-so-good cpi data which came just day before yesterday? This time bitcoin even shocked the Americans lol. Remember guys, If it goes above 25.2k, 30k will happen real quick, no stoppage in between.

I was expecting bitcoin to hit $25k this month, but I think some further movement is needed to be able to make the next prediction. I see more predictions bitcoin will hit 30k, like your prediction, than bitcoin will correct after hitting 25k.

But why shock Americans? I'm confused by what you've said, and I think bitcoin rallied in January for no reason, so it's not too surprising that bitcoin bounced back despite the Fuds about binance or the CPI not being as good as expected. Bitcoin is already a part of the world economy but it is always unpredictable and does not need to be obeyed by anyone.

Raflesia

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Quote from: Wiwo on February 15, 2023, 07:47:17 PM

Since the beginning of the year 2023 bitcoin has shown some positive outlook in terms of price recovery compared to the previous years 2022, when bitcoin struggled all through the year trying to sustain its price from dipping to a significantly low level when Bitcoin dip down to as low as $16k.
-But the 2023 has brought in a new market wave and hope for recovery of the market price, this has brought some air of relief to bitcoin holders and the price has recovered back to $24,400+ at the moment.
-This new price recovery has opened the door to for new speculations on the benchmarks Bitcoin will touch in this month of February, just as it did in January-February.
What are your markets predictions for the month?
1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?
2 What are the variables to consider in making future uptrend predictions?

By looking at the current conditions where they are currently at $ 24.6k (I saw it today), it is possible that something like $ 25k will be achieved by them. Of course, with this condition, I think it's very good because regardless of anything, today's increase is really significant.
But indeed this condition also needs to be watched out for because it is possible that the decline will occur again after their increase this time even though it would be very good if they touched $ 25k and higher than that.

Husires

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What is special about the price of 25k to be considered a price reference?

Bitcoin price is not far from 25K, and therefore it is possible for the price to close this top, but it will not continue to maintain that level for a long time.
There is a strong resistance at 28 thousand, and therefore, even if we succeed in that, it is difficult to break this resistance, but after breaking it, there will be no major problems in returning to 30K.

I expect that we will continue in a price range between $19,000 and $26,000.

maydna

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It's hard to say that the bitcoin price can break $25k this month, but now that the bitcoin price is already at $24k, it is possible to break $25k later this month or even before the end of the month. In addition, the bitcoin price also almost touched $ 25k before finally experiencing a correction and dropping back to the current price.

And hopefully, the correction this time doesn't trigger the price to decline again and return to $24k and still be able to stay at the current price so that today or tomorrow, the bitcoin price can break $25k and still increase. There seems to be a price war between wanting to increase or decrease the price in the market, so we will see what will happen next.

salad daging

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There is a possibility that bitcoin can touch this $25k level a little more than the current price at the time of writing, like the previous week after the increase can last a few weeks then my prediction is that maybe at the end of February bitcoin will exceed $25k although it will never avoid a correction later.

We always assume that this year is for recovery and so on we can't deny that anything can happen including a deep price rejection again but when a trend occurs the price becomes even more positive in the sense that many of them hold on for a little while to go to the halving in the following year, I think we can predict the early year trend will occur.

If the price exceeds that, we are of course happy, it's just that we will always survive in the next few years.

Nrcewker

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Currently Bitcoins are at almost 25k usd, So I guess, OPs prediction for the month will be achieved in anytime soon. Moreover there are more 10-12 days left for this month. If Bitcoin’s keeps on rising in this speed , then definitely we can see Bitcoins at 30k usd mark. And if this happens then next month for sure will be really big for the Bitcoins and it’s holder. Now let’s not expect more, and wait for positive results. As we can see there are lot of pull and resistance, still Bitcoin is trying it’s best.

Frankolala

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Quote from: Wiwo on February 15, 2023, 07:47:17 PM

what are your markets predictions for the month?
1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?

Bitcoin price presently is a shock to everybody, since it is not up to 24hrs that the price moved up to 24k+. It is very possible that from this moment to ending of this month,bitcoin price will reach 25k because the prices changes within a twinkle of an eye,just like it did some 13hrs ago.

Quote from: Wiwo on February 15, 2023, 07:47:17 PM

2.What are the variables to consider in making future uptrend predictions?

2023 is a good year for bitcoin and am hoping that bitcoin might hit 30k before the mid-year. Though,the price can't be predicted accurately but there is hope for bitcoin holders, and for these every investors should keep holding till reaches its ATH.

Yaunfitda

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Quote from: Wiwo on February 15, 2023, 07:47:17 PM

Since the beginning of the year 2023 bitcoin has shown some positive outlook in terms of price recovery compared to the previous years 2022, when bitcoin struggled all through the year trying to sustain its price from dipping to a significantly low level when Bitcoin dip down to as low as $16k.
-But the 2023 has brought in a new market wave and hope for recovery of the market price, this has brought some air of relief to bitcoin holders and the price has recovered back to $24,400+ at the moment.
-This new price recovery has opened the door to for new speculations on the benchmarks Bitcoin will touch in this month of February, just as it did in January-February.
What are your markets predictions for the month?
1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?

There is a huge chance that we can break the $25k barrier, we are almost there, $24,400-$24,600. The only question is how we are going to look at it, are we going to sustain it or not?

Quote from: Wiwo on February 15, 2023, 07:47:17 PM

2 What are the variables to consider in making future uptrend predictions?

Good and positive news in the market, such as the CPI statement from Feds. I think it's one of the prime movers, because every statement they have to make, the market moves with it, whether positive or negative. Not only crypto but the rest of traditional market.

CoinEraser

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Quote from: Wiwo on February 15, 2023, 07:47:17 PM

1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?

As it looks today, bitcoin could still reach the $25k mark this month. Things are looking good so far, even if the price increase is just coming to a standstill. But that could change again in the next few hours. Since we still have a few days until the end of the month, I'm staying positive and think it's possible.

Quote from: Wiwo on February 15, 2023, 07:47:17 PM

2 What are the variables to consider in making future uptrend predictions?

You have to keep in mind that the market itself is unpredictable. Today is looking good and tomorrow the price may fall again and no one can really say how the price will develop. The next bad news can pull the price down again and vice versa, i.e. good news can steer the price up. Wink

mk4

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I think we go sideways for a while — while knocking multiple times at $25k's door. The question is if $25k opens the door and ends up letting us in, or slam our head with a hammer. 😀🔨

Ojima-ojo

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Quote from: Don Pedro Dinero on February 15, 2023, 11:59:12 PM

Man, being that it's the middle of the month, I don't dare to predict much for the remaining 12 days. I do believe that we were at levels that were too cheap and this should lead us to go up little by little, especially considering that there is still a year and a bit to go before the next halving. Passing the 25,000 level is quite likely, if not in these 12 days, then a little later.

25,000 is likely to be achieved within the next few hours from now, the price of bitcoin has already touched 24,900 in the early hours of today.

So I don't think there is a big gap between the present price of 24,700 and 25,000 Bitcoin will break even easily and in no time.

We are in for a more exciting time this first quarter of the year and we should be prepared for some price increase, so the best thing to do is to continue to hold.

Don Pedro Dinero

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Man, being that it's the middle of the month, I don't dare to predict much for the remaining 12 days. I do believe that we were at levels that were too cheap and this should lead us to go up little by little, especially considering that there is still a year and a bit to go before the next halving. Passing the 25,000 level is quite likely, if not in these 12 days, then a little later.

Edwardard

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Quote from: Fundamentals Of on February 15, 2023, 10:22:09 PM

$25,000 within February is an easy target.

And we already hit 24939 on bybit and most exchanges (almost 25k). This was at 22k yesterday. Who would have imagined such a price increase after a not-so-good cpi data which came just day before yesterday? This time bitcoin even shocked the Americans lol. Remember guys, If it goes above 25.2k, 30k will happen real quick, no stoppage in between.

Fundamentals Of

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I think the price of Bitcoin has been more surprising in 2023 than in the past weeks and months in 2022. That the price suddenly soared from around $16,000 to more than $24,000 just within January was probably not expected by majority of price analysts. It really surprised me.

I would have assumed that this month of February will be a correction month and that the price would hardly be reaching $25,000. Everything changed when I looked at the chart for the past hours. I am now almost certain that $25,000 within February is an easy target. That's because of another surprising move in the price in just hours.

1miau

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Quote from: Wiwo on February 15, 2023, 07:47:17 PM

1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?

It's very likely, especially when considering how strong Bitcoin has been performing in January.
Maybe we'll already see numbers above 25k tomorrow or next weekend but even in a bearish scenario, Bitcoin is unlikely to go below 20k again.

Quote from: Wiwo on February 15, 2023, 07:47:17 PM

2 What are the variables to consider in making future uptrend predictions?

I would have a close look at Bitcoin's halving.
It's just 1 year away and is likely to play a major role. Halving from 6.25 BTC to 3.125 BTC per mined Block is only 50% but it's also massive at the same time.

Remember: last all time high (65k USD) we didn't had a new halving to boost Bitcoin's price but next bull market (2024?) we'll have a halving. Wink

Bitcoin seems to be very bullish right now but of course, we don't have any guarantee.

Wiwo

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Since the beginning of the year 2023 bitcoin has shown some positive outlook in terms of price recovery compared to the previous years 2022, when bitcoin struggled all through the year trying to sustain its price from dipping to a significantly low level when Bitcoin dip down to as low as $16k.
-But the 2023 has brought in a new market wave and hope for recovery of the market price, this has brought some air of relief to bitcoin holders and the price has recovered back to $24,400+ at the moment.
-This new price recovery has opened the door to for new speculations on the benchmarks Bitcoin will touch in this month of February, just as it did in January-February.
What are your markets predictions for the month?
1: Do you think BTC will break the $25k benchmarks in this month even though there will be a lot of pullback and resistance knowing fully well how close we are to 25k at the moment?
2 What are the variables to consider in making future uptrend predictions?

Topic: What Is Your Bitcoin market speculation for the month - page 6. (Read 759 times)