Where next for Bitcoin: $20K or $50K?

justdimin

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Quote from: Sayeds56 on April 18, 2023, 06:53:58 AM

Although Bitcoin started off on a disappointing note yesterday with its price falling below $30,000, however later in the day it began to recover and now it is trading at around $29,916 which suggests that market is still in the control of bulls. It appears that Bitcoin has built strong support around $29,000 which is good sign and we may wee Bitcoin surpassing its next resistance level of $31,500 before making additional gains.

In view of the current positive outlook of market, which is expected to persist in coming months, it is possible that we may see Bitcoin surpassing $50,000 by the end of 2023.

Just because it went under 30k for a little bit doesn't mean that it was disappointing, those things needs to happen. There is no strong wall for support at 30k, there is one at 28k so that means as long as we are above 28k we should be doing fine and all other drops and increases are temporary. I haven't checked the latest resistance, but we are doing fine here, anywhere between 29k-31k range should be considered normal movements.

I can wake up to 29k tomorrow and 31k the next day and I would consider them both as the "same" situation we are in, those have no difference in the grand scheme of things. Obviously small intraday traders and leverage traders would have a field day with those, but for long term investors like me, they mean the same thing.

maydna

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Quote from: tiCeR on April 17, 2023, 07:00:48 PM

Quote from: maydna on April 17, 2023, 03:57:01 PM

Quote from: tiCeR on April 16, 2023, 04:53:29 PM

Nobody has the magic crystal ball, but I find it hard to believe that we could go towards $20k again. However, I remember how often Bitcoin surprised me already in the past when it crashed and I thought that X is the new floor and it went lower and lower. But the market looks relatively healthy right now and unless there isn't some specific event, I don't think that we are going to see another 50% drop. That would really be a blood bath from here, but I think that the risk to go short these days is quite significant. I wouldn't do it as I would rather expect a positive movement from here, or maybe some stagnation. But a crash would need some bad news in my opinion.

We've had lots of surprises from bitcoin in the past. We also just got a surprise in the form of a price increase that could touch $30k, even though the price got a correction after that. But we must remain optimistic because bitcoin will come back with higher gains and will work in our favour. For now, it's better to buy bitcoin again while the price is still around $29k because we don't know when it will increase. And now it looks like the price can stay afloat and hopefully, it can continue to hold on so it doesn't fall again.

I think that it wasn't that much of a surprise, but is great is the fact that we are strong despite all the bad news we have seen over the last couple of months. The only issue that could take us where we are or even a little bit down would be regulation. But then we have also seen so many reports about harsh regulations and also about collapsing companies or exchanges that it's hard to see what could now come that ends even worse for the Bitcoin community. I believe we will at least be quite stable and probably go up from here.

But still, it was surprising because when it hit $60k, we wouldn't have thought it could go back down to a low of around $15k and many people weren't ready for it. They panicked and sold their bitcoins because they thought that was the end of bitcoin. But if they don't panic and instead use the moment of the bitcoin price crash to buy bitcoin, now they can see how much temporary profit they can get. Regulation may be a factor that hinders the development of bitcoin in many countries. Still, if more and more people can find out what bitcoin is for them, they will continue to use it until their country does not apply regulations that are too strict for crypto.

Sayeds56

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Although Bitcoin started off on a disappointing note yesterday with its price falling below $30,000, however later in the day it began to recover and now it is trading at around $29,916 which suggests that market is still in the control of bulls. It appears that Bitcoin has built strong support around $29,000 which is good sign and we may wee Bitcoin surpassing its next resistance level of $31,500 before making additional gains.

In view of the current positive outlook of market, which is expected to persist in coming months, it is possible that we may see Bitcoin surpassing $50,000 by the end of 2023.

Bitcoin_people

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It's time for the Bitcoin market to turn from bearish to bullish. We saw the Bitcoin market turn into an absolute bear market towards the end of 2022. It went back to 2023 and the market started to change drastically and became a bull market. The market touched $31,000 a few days ago and is expected to rise again a little later. Bitcoin market will increase further in coming days and will reach from $40k dollars to $50000 dollars. So I think the current position of the market is definitely a perfect time to invest. so it is very important to invest now then it is sure that the market will grow in the future.

n0ne

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Unpredictable at the moment, mostly the price will fallback in my understanding. I assume it based on the upcoming year's halving. If the price continue to be bullish we couldn't reach the peak price around halving. For that reason I believe the price to turn bearish and once again move gradually.

We weren't able to see much of negative news in the market relative to adoption and acceptance. So, unlike the traditional market scenario we won't be impacted much. If the economic status around the world correct, then that too would push the market to a better position. For now we can't expect anything from the external market push.

noormcs5

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Quote from: bettercrypto on April 17, 2023, 06:30:06 PM

After Bitcoin reached 30k$-31k$ it has now fallen again to 29k$ more, and I think this fall is somehow related to the news I read that there is another DEX if I'm not mistaken the hacker got in again so bitcoin dumped to 29k$ almost.

Even if this happens, it is also certain that bitcoin will recover immediately because it is not like what happened to FTX before.
So maybe by half of this year it is possible that the value of Bitcoin will be 40k$-45k$ in my analysis.

Bitcoin is in a bullish trend and it is more likely to continue to rise in price in the next part of the year. Unless there is any major bad news about crypto, i don't see that bitcoin can dump for long. There are a lot of buyers and the buying pressure won't let bitcoin to fall off its support.

Quote from: tiCeR on April 17, 2023, 07:00:48 PM

I think that it wasn't that much of a surprise, but is great is the fact that we are strong despite all the bad news we have seen over the last couple of months. The only issue that could take us where we are or even a little bit down would be regulation. But then we have also seen so many reports about harsh regulations and also about collapsing companies or exchanges that it's hard to see what could now come that ends even worse for the Bitcoin community. I believe we will at least be quite stable and probably go up from here.

Regulation may not have much impact because the governments can't control the bitcoin and even though they try to ban or regulate it, people will not accept it. The only threat to bitcoin is bad news from the exchange like if the binance exchange is hacked or a scam (unlikely), only then it can put a dent in bitcoin price movement.

tiCeR

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Quote from: maydna on April 17, 2023, 03:57:01 PM

Quote from: tiCeR on April 16, 2023, 04:53:29 PM

Nobody has the magic crystal ball, but I find it hard to believe that we could go towards $20k again. However, I remember how often Bitcoin surprised me already in the past when it crashed and I thought that X is the new floor and it went lower and lower. But the market looks relatively healthy right now and unless there isn't some specific event, I don't think that we are going to see another 50% drop. That would really be a blood bath from here, but I think that the risk to go short these days is quite significant. I wouldn't do it as I would rather expect a positive movement from here, or maybe some stagnation. But a crash would need some bad news in my opinion.

We've had lots of surprises from bitcoin in the past. We also just got a surprise in the form of a price increase that could touch $30k, even though the price got a correction after that. But we must remain optimistic because bitcoin will come back with higher gains and will work in our favour. For now, it's better to buy bitcoin again while the price is still around $29k because we don't know when it will increase. And now it looks like the price can stay afloat and hopefully, it can continue to hold on so it doesn't fall again.

I think that it wasn't that much of a surprise, but is great is the fact that we are strong despite all the bad news we have seen over the last couple of months. The only issue that could take us where we are or even a little bit down would be regulation. But then we have also seen so many reports about harsh regulations and also about collapsing companies or exchanges that it's hard to see what could now come that ends even worse for the Bitcoin community. I believe we will at least be quite stable and probably go up from here.

bettercrypto

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After Bitcoin reached 30k$-31k$ it has now fallen again to 29k$ more, and I think this fall is somehow related to the news I read that there is another DEX if I'm not mistaken the hacker got in again so bitcoin dumped to 29k$ almost.

Even if this happens, it is also certain that bitcoin will recover immediately because it is not like what happened to FTX before.
So maybe by half of this year it is possible that the value of Bitcoin will be 40k$-45k$ in my analysis.

wahyuagung26

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Quote from: traderethereum on April 15, 2023, 10:34:04 AM

What is certain is that $50k is still too much for bitcoin to achieve.
Maybe the next target for April is around $35k-$40k first, but it will surprise us if it can reach $50k straight away.
That means we are getting closer to reaching the last ATH and of course, we can reach the next ATH this year and maybe it can be achieved before the end of the year.

the same prediction, we marked that the price of Bitcoin was in April and ended the end of this April with a price range above $ 30k and below $ 40k, and now bitcoin is undergoing a price correction and dropping back to $ 29k but this is not a cause for concern because where it's still the middle of april. but we think getting below $20k is a little tough although it can happen but the percentage we feel is lower.

maydna

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Quote from: tiCeR on April 16, 2023, 04:53:29 PM

Nobody has the magic crystal ball, but I find it hard to believe that we could go towards $20k again. However, I remember how often Bitcoin surprised me already in the past when it crashed and I thought that X is the new floor and it went lower and lower. But the market looks relatively healthy right now and unless there isn't some specific event, I don't think that we are going to see another 50% drop. That would really be a blood bath from here, but I think that the risk to go short these days is quite significant. I wouldn't do it as I would rather expect a positive movement from here, or maybe some stagnation. But a crash would need some bad news in my opinion.

We've had lots of surprises from bitcoin in the past. We also just got a surprise in the form of a price increase that could touch $30k, even though the price got a correction after that. But we must remain optimistic because bitcoin will come back with higher gains and will work in our favour. For now, it's better to buy bitcoin again while the price is still around $29k because we don't know when it will increase. And now it looks like the price can stay afloat and hopefully, it can continue to hold on so it doesn't fall again.

AmoreJaz

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Quote from: doomloop on April 17, 2023, 02:12:16 PM

Quote from: Wong Gendheng on April 15, 2023, 11:44:53 AM

In my opinion, April is now a determinant of whether the market will rise or dump again, from many facts that occur, if the April can rise then that year will rise or vice versa, if the April red then until the end of the market the RED, hopefully April can reach at least $ 40k so that the opportunity for rising can reach at least $ 100k at the end of the year

That's not really necessary, even if the market doesn't react much in this month, it can still go pretty far by the end of the year, the market sentiments depend on real-world events and the buying and selling pressure that the market has to bear every now and then. The price seems pretty stable so far, I don't see it going to $40k pretty soon.

Even if the price doesn't manage to reach $40k by the end of this month, I'm still positive that we will have a good-looking final price by the end of the year 2023. For now, I'm more into the price going down below $30k once again.

anyone can give their speculation on this market, so whether we will go back to $30k or not, nothing much will change on the market. what matters is how are you reacting on this market to take advantage of this market? because the market will always go up and down, but it doesn't matter if you won't do anything about it. it will only matter to you if you start pulling up some of your funds, and invest on it. now, you have the reasons to observe the performance of whatever coin you are in possession with.

doomloop

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Quote from: Wong Gendheng on April 15, 2023, 11:44:53 AM

In my opinion, April is now a determinant of whether the market will rise or dump again, from many facts that occur, if the April can rise then that year will rise or vice versa, if the April red then until the end of the market the RED, hopefully April can reach at least $ 40k so that the opportunity for rising can reach at least $ 100k at the end of the year

That's not really necessary, even if the market doesn't react much in this month, it can still go pretty far by the end of the year, the market sentiments depend on real-world events and the buying and selling pressure that the market has to bear every now and then. The price seems pretty stable so far, I don't see it going to $40k pretty soon.

Even if the price doesn't manage to reach $40k by the end of this month, I'm still positive that we will have a good-looking final price by the end of the year 2023. For now, I'm more into the price going down below $30k once again.

tiCeR

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Nobody has the magic crystal ball, but I find it hard to believe that we could go towards $20k again. However, I remember how often Bitcoin surprised me already in the past when it crashed and I thought that X is the new floor and it went lower and lower. But the market looks relatively healthy right now and unless there isn't some specific event, I don't think that we are going to see another 50% drop. That would really be a blood bath from here, but I think that the risk to go short these days is quite significant. I wouldn't do it as I would rather expect a positive movement from here, or maybe some stagnation. But a crash would need some bad news in my opinion.

Ultegra134

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Quote from: Baoo on April 15, 2023, 06:30:27 PM

In my opinion, the market’s condition is still complicated although Bitcoin broke $30K recently and there is a expectation that the price will rise in next period . In addition to that, everything is literally dependent on Whale’s strategy due to they own a huge amount of Bitcoin , it means they do have the ability to control the value, that’s why it is tough to predict Bitcoin’s price specifically in middle and long term. In fact, if the weak hands don’t sell, then the market will definitely increase significantly

Regarding your question, I highly doubt if Bitcoin will reach $50K during this year but everything is possible to happen. The more we purchase in this period, the more earnings we get in the near the future. It is certain that Bitcoin is worthwhile in case your investment tactic is long term. Let’s be patient and get prepared. By the way, the halving is coming soon.

The last few years have always been complicated: COVID-19, the war, rising inflation, etc. The market condition is far from stabilizing anytime soon and is not necessarily subject to the basics of supply and demand but is also affected by a variety of external factors; see the FTX crash, for instance. As a result, I find it unlikely for Bitcoin to recover that much; in my opinion, $50,000 is very optimistic speculation even for 2023. On the one hand, I doubt that we'll see any major crashes from now on, but on the other hand, I don't believe that Bitcoin will go through any major recovery anytime soon. Personally, I see it fluctuating between $25,000 and $35,000 for quite a while.

edward500

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I would be surprised it if would go lower because I am still under the belief that whales control the price and the whales decided to push it so fast to 30K that they are simply not going to let it drop again so easily.

Also, if we go back to 20K, so many people are probably ready to buy again, I would probably add another bitcoin because we all know that bitcoin with the halving coming in will definitely make it back to 30K+ again.

I purchased 2 bitcoin recently around 20K because I knew that it was the safest investment anywhere at the time.

With the markets improving and inflation getting more under control, the markets should start to get better, the worse is behind us.

I think its a win win for me either way, if we go back to 20K, I'm going to add another bitcon.

If we go higher, than my 20K bitcoins will be worth even more money.

BTCGalaxyA12

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Quote from: bestcoins1 on April 15, 2023, 12:52:42 PM

I'm also optimistic for the $35K price in the next upgrade because now Bitcoin is still at $30K which is not too far away for the $35K price. But on the other hand, I just hope that the correction level doesn't happen too big so that the price increase this month can be a little significant for Bitcoin.

A correction will not necessarily occur because the market still supports Bitcoin prices to increase considering the level of trust in Bitcoin has increased.

There are even some people who I can say are figures or experts who firmly recommend Bitcoin as an asset to maintain the integrity of value amidst fiat conditions that continue to be in doubt amid world economic conditions.
This suggests that good hopes are imminent for Bitcoin from a price point of view.

Baoo

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In my opinion, the market’s condition is still complicated although Bitcoin broke $30K recently and there is a expectation that the price will rise in next period . In addition to that, everything is literally dependent on Whale’s strategy due to they own a huge amount of Bitcoin , it means they do have the ability to control the value, that’s why it is tough to predict Bitcoin’s price specifically in middle and long term. In fact, if the weak hands don’t sell, then the market will definitely increase significantly

Regarding your question, I highly doubt if Bitcoin will reach $50K during this year but everything is possible to happen. The more we purchase in this period, the more earnings we get in the near the future. It is certain that Bitcoin is worthwhile in case your investment tactic is long term. Let’s be patient and get prepared. By the way, the halving is coming soon.

bestcoins1

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Quote from: BTCGalaxyA12 on April 15, 2023, 11:43:17 AM

$50K might be too high for April although we on the OP's vote choice made by the OP chose $50K as the price to move next.
Watch how it progresses this month.
Usually after an increase there will be a correction although it depends on how the level of transactions in the market is on sales and purchases.

Indeed that seems too high for $50K in this month as April is already half over and only half is left to see how the increase in Bitcoin continues in the market in this month. Correction is still possible, but it won't be worse if it happens only in a small percentage and it could even be better to push the price up if the number of purchases can continue to increase during the correction.

Quote

That's why I'm speculating $35K as Bitcoin's next move this month.
If so, OP needs to make a price vote option other than the $20K, $50K and note sure.

I'm also optimistic for the $35K price in the next upgrade because now Bitcoin is still at $30K which is not too far away for the $35K price. But on the other hand, I just hope that the correction level doesn't happen too big so that the price increase this month can be a little significant for Bitcoin.

Wong Gendheng

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In my opinion, April is now a determinant of whether the market will rise or dump again, from many facts that occur, if the April can rise then that year will rise or vice versa, if the April red then until the end of the market the RED, hopefully April can reach at least $ 40k so that the opportunity for rising can reach at least $ 100k at the end of the year

BTCGalaxyA12

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Quote from: bestcoins1 on April 14, 2023, 03:58:04 PM

Quote from: BTCGalaxyA12 on April 14, 2023, 01:26:36 PM

I have already voted on the $50K price for Bitcoin's next move. But in April, I speculate that the Bitcoin price will move to the price of $35k and will stay at that price until the end of April.

At least I judge that inflation seems to be no longer a driving force behind the rally.
I have an assumption that if the Bitcoin price strengthening movement has started, the process will move slowly.

I also chose the $50K price tag in this case, because I thought it was much more logical than the $20K price tag. At present Bitcoin's condition has started to recover gradually with very good support in the market so it is clear that it has the possibility to continue moving and reach $ 50K even though this will not happen immediately this month because in fact for more increases it will always take time to achieved by Bitcoin.

$50K might be too high for April although we on the OP's vote choice made by the OP chose $50K as the price to move next.
Watch how it progresses this month.
Usually after an increase there will be a correction although it depends on how the level of transactions in the market is on sales and purchases.

That's why I'm speculating $35K as Bitcoin's next move this month.
If so, OP needs to make a price vote option other than the $20K, $50K and note sure.

Topic: Where next for Bitcoin: $20K or $50K? (Read 372 times)