Topic: Where next for Bitcoin: $20K or $50K? (Read 447 times)

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

$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.

I see that the demand of the coin is increasing among the people. We also know that Bitcoins are limited in numbers, so this only proves that in order to meet the demand, the price has to go up. So yes definitely we will see price of the coin increasing in the near future. If also price drops by chance, then no need to panic. Try to accumulate as many coins as you can during that low price point, now wait and again when the price increases, sell it for high price. So my take will be definitely that the price will go up. Let’s hope for the best.

I had the same line of thought as yours because at the moment Bitcoin has not built enough liquidity around the recently achieved 30k price and that could be a great risk for Bitcoin price sustenance.


But then even of we see a pullback may not low as 20k that could be too big a fall that will not allow price recovery to anything near the 50k price prediction, I believe that we may see a more uptrend Bitcoin price than a downward correction so for that we are near 50k that we are to 20k correction but I can say the time frame to achieve that.

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.
What's more, I see that from early April until now, the price has not been able to penetrate $32k-$33k but we still have time to see if the price can reach $40k soon.
And right now, the bitcoin price seems to be still in the correction position and let's hope it doesn't drop below $30k.

That's not actually how it works for increments of bitcoin, if the price fails to rise within this week its not a clear evidence that it will not rise again, it can go down to twenty eight thousand (28k) and increase more than our expectations, so the market of cryptocurrency is unpredictable generally, and another thing is that Bitcoin can rise now due information that comes across of it now. Another scenario we can use to analyse the increments of bitcoin is when the gravity of people who is buying bitcoin is higher than the people supplying, that's is another indicator to proven that will have more time before the increments might manifest. And another thing is that since Bitcoin has been making a positive step throughout the beginning of the year to this extent it may increase more or not, so the increments of bitcoin is under probabilities and not guaranteed because its doesn't depends or rely on anyone.

Although we are closer to $20K than $50K, I believe like most of those who voted that it is more likely that the price will continue upwards, gradually, until it reaches $50k, without going back to $20 which seems to me too low for a dip, as it was the top of the previous cycle, and although as cycles progress it is normal for returns to be lower, it is still normal for lows as cycles progress to be higher.


This is key, although after a rise I would expect a dip, I think it will be higher than $20K, but we cannot predict with certainty with behavior as volatile as Bitcoin and less knowing that although there is some regularity in the cycles, the patterns we project won't necessarily repeat.

I agree I don't really see a logical reason for price to drop back down to the lows, or even $20K for that matter, maybe $23K at most. But Bitcoin's price movement doesn't always have to be logical, or directly in line with it's fundamentals all the time. I don't think market manipulation would move price that far, but if the market get's over-leveraged long, there there good be a long squeeze black swan event for example.


Weekly RSI is testing overbought territory, that much is true, but I wouldn't necessarily say on it's own it means price is exhausted - only overbought. For example the last time Bitcoin's Weekly RSI entered overbought conditions was October 2020 at around $13K, which led to the run-up to $64K without much of a pull-back. Likewise in 2019 at $6K resistance level prior to reach $14K. In fact excluding November 2021 ATH, where there was bearish divergence and price getting rejected from these overbought conditions, when the RSI reaches overbought it usually stays there for a while and leads to a considerable increase in price.

The only sign I see of price being exhausted is the decreasing volume since November last year. That will need to change in order for price to move considerably higher.

The weekly candle is still above 1200 EMA and currently retesting at fibbo based trend and 30K is a crucial point it is a BIG MAJOR resistance.

So the choice is two we are gonna see side away for couple of days and continue running or we are gonna see a more steep correction to 26-28K and back to bull




back to your chart and my chart it looks very hard to break the major resistance now and according the RSI and other Indicator it seems the price is exhausting

Not only have we grown steadily over the past few months, but I've seen many people believe that we'll continue to grow to $35k or $40k, and I agree with your thinking. Because when greed in the market starts to rise, which is also when bitcoin is likely to correct, bitcoin tends to go against the crowd rather than follow what the crowd wants.

$25k is probably good support for this correction, I hope bitcoin can get there, and it would be great if it can get $22k, which is also a desirable price. If that happens, it will cause a new panic in the market and be an opportunity to place buy orders rather than fear.

You can't correct a correction!
Going back up to $30k is only part of the correction to get bitcoin price back to a more realistic level that is closer to its intrinsic value. There is no logical reason to see it drop back down again. The only way we can see another drop is market manipulation and another wave of panic sells or when the economy crashes harder (at a different pace otherwise it is already crashing).

Just my opinion but I support the speculation of a correction coming instead of a continuous pump because we have been rising for so long now and we shouldn't forget that we're still in the bear season and not out of it yet. The market is now getting too positive and most speculators are expecting Bitcoin to continue increasing but it mightn't happen that way.

My prediction are just short term as I'm positive in the long term but we'll likely see a pullback to $25k before we get to $50k or other higher price. If this correction was to happen then it'll be healthier for the market then the price to continue rising. I'm patiently waiting for my buy order at $25.500 to be filled.

A big jump will occur if this week the price can reach $ 35k, investors will be more optimistic about bitcoin so that the important price right now is to touch $ 35k, but if next week the price drops below $ 30k then the chance for a pump to occur is very small so it takes longer to be able to rise again.

50,000 dollars is to expensive to come at this time. Having being able to make that $30,000 does not guarantee that it will automatically go to 50,000 dollars.
The expected bull run during the halving is still far from now, so I do not expect that level of bullish markets to start from now.
I will be expecting some kind of correction back to the level of 20,000 dollars and 25,000 dollars and the price will remain there for a given period of time before it will make another movement above 30,000 dollar.

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.

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.

This depends on how the market fundamentals support or not, if there is some FUD that starts to appear Bitcoin will certainly correct soon.
To be able to stay above the $30k price requires a lot of technical and fundamental support.

Currently, Bitcoin's position in the 1D Time Fare is in the Uptrend Console area and is still trying to reach the Bullish Console Resistance in the $32k price area.
But if it fails to close above $29k at the end of this month, it will start to correct, or if there is FUD that appears, it will immediately correct.

To reach a much cheaper correction trip like $20k than you expect, is still quite difficult because of some strong supports that must be broken to get there.

Support $26k, $24k and most recently $21.6k


Bitcoin's journey is still quite long, some corrections will certainly occur and this will also be influenced by market conditions and some FUD that will arise.
But hopefully, Bitcoin can stay above when the Support.

I'm not able to vote in the poll for some reason, it says it has either been locked or I have tried to vote twice while it was the first time I was trying to cast my vote. Anyway, if I could vote, I would definitely go with $20k, because that seems to be a more likely target from this point. Though we were all hoping for the price to cross $30k, it doesn't really look strong at the moment.

Bitcoin couldn't hold its price above $30k for very long, it has already dropped below and I think it will drop more in the coming days, we might not see it going specifically to $20k, but it will surely provide buyers another chance to get in on the ride way cheaper than now.

We’re going on a sideways trend after Bitcoin having a hard time to break the resistance.
I want to remain Bullish up to $40k this year and I think we are heading into that price slowly but surely. Corrections might also happen but I can’t see the price of $20k anymore, we are too bullish for that price especially on a monthly time frame. Bitcoin needs more good news, as we are approaching the next halving, this is a good sign of bull market.

We've seen on how it performs back into those previous years where we did able to reach up numbers which we didnt even believe nor expect for it to to reach out that level.Therefore, we cant blame out people to have that kind of behavior on just going with the flow on whatever  the price it would be.The thing on here is that we should really be having that kind of mindset on where we do really make ourselves be wise on taking up
a position whether getting in on a possible bottom or support and later on we would really be making out profits on the time that the price had gone up. $20k or 50k, there's no way on predicting it
because this market had been unpredictable in the first place. Thing here is that you should really be prepared to blend up on whatever situations might happen ahead.

Again this doesn't really answer the question what-so-ever, you are thinking too short-term (similar to others in this thread). Will price next reach $20K or $50K, regardless of whether it takes many months or years? Of course you are free to argue that price won't reach either, and will forever be stuck between $20K and $50K, but to me this seems unrealistic. At some point, price will reach one target or the other, surely.

To be frank, a bitcoin price of $50,000 is unlikely to occur very soon. That's a significant increase from the $30K it recently entered. I believe the price will continue to rise, although with a few setbacks for adjustment before reaching the $50,000 threshold. The bull run and halving are still a long way off; the price may have risen past the $50,000 mark before the halving occurs. I expect the price to remain below $30K until another surge occurs, which might lead to a price range of $33K - $37K before another correction occurs. By the end of the second quarter of this year, $50,000 is quite likely to be within reach.

The prediction is still going on, last week bitcoin was in between 27k-29k and coming to this week it has entered 30k but people predicted that this month it will enter 30k and come down to 10k again after the slide rise of the market but the movement might not come down again to 10k and before this year will end the market, might climb up to 45k. But in normal sense bitcoin price is unknown. Nobody knows the next second movement of the market. Everyone can just give a guess work. Some people are saying that the bear market is over well I will not argue with them because everyone has their own prediction.

When bitcoin was 16k there was a time it increased to 26k and still came down to 16k again. And since I understand the market I was not bothered.

Who knows, Bitcoin, the market to surprise and make new history can excite us even more by making profits faster. But in the long run, that makes bitcoin even more unpredictable, and we will have a harder time in the next cycles. no body is able to predict what will happen next, next correction can range to $20k or hit $50k. The correction could cost us a strong blow that would pull the price down near $20k, or rise to hit $50k.  But at this moment 2023 bitcoin is $30  it's was in the price this year may beat a new  ATH, today Bitcoin price is good or is not bad at the current position.  As we slowly pass through the bear market period.

No time period, consider it indefinite, until one of the other target is reached.  As the question simply asks: "Bitcoin price will next go to..."

So this isn't about whether Bitcoin will be bullish or bearish for the next 6/12 months, but which price will first be reached.


Wow, that's a lot of bearish sentiment without much confirmation imo. Right now I see price has reached $30K and is consolidating, which is far from bearish. For the past 3 weeks many speculators were bearish that price couldn't get above $29K and therefore thought it was a must that price would correct to the downside. I would have hoped people would of learnt the lesson about consolidation at the highs not being bearish, even if also lacks confirmation of further upside. I'm also not sure what you were hoping for, an immediate move from $29K to $32K? We could easily see $32K in the coming days after consolidation.

I only really see a pull-back if price fails to maintain >$28K, that's the previous support and consolidation zone, then for sure a re-test of $23K or $25K becomes highly likely. Maybe even lower if there is a lot of selling pressure breaking below previous support. On the other side I'm not uber-bullish while price is at a potential resistance level until Bitcoin can get above $32K and clear the previous long-term support zone.

But overall, I struggle to be bearish while price is consolidating at the highs and attempting to reclaim a 18-month support level. If anything, it's a bullish sign that price hasn't see a strong rejection yet.


I think you failed to answer the question 

This time, I only see a price range for Bitcoin between $25k and possibly $45k by the end of Q2 of the year. Anything less than that price is unlikely, in my opinion. Bitcoin crossed the $20k price long ago, therefore it won't be simple to see it drop to that level once more unless anything shocking occurs in the cryptosphere.

The best course of action at this moment is to use a DCA method up till there is a constant increase in the price of bitcoin. As things are, nobody can predict where the market will go in a few months from now

DCA the best way to accumulate at the moment it's still in the lowest area since ATH so it's still a good time to continue collecting, on speculation that bitcoin has reached $30,000 it's becoming a continuation trend for the upside to come whereas we don't know if a correction will come later maybe it could It just happened, but what is clear is that DCA must not miss this opportunity.


Maybe it will happen before it gets close to the halving so there is a possibility of a price of $50,000 at that time but at this time of year it is still very difficult to talk about ATH again due to the fact that bitcoin is going to have some hurdles including negative news which makes the price of bitcoin drop again, obviously we are not going all the way seeing positive news as strong as any if there is sentiment can move to worse then that's the basis that is often seen but the current trend is a little bullish to hold on at a price that is quite ideal in the range of $25K - $35K.

FTX isn't going to change anything they're just trying to get out of bad news even though this company has collapsed,

How long do we need to confirm one of these two directions, closing Sunday, a week or a month?
I see that the lack of continuity of the increase, meaning that we did not witness 32k, indicates the end of the bullish trend, and therefore either maintaining the current level or returning to the nearest long-term resistance level, which is 26k, and thus confirming the bear market for the next 6 months, so that we will remain in the range between 25k to 32k.

I agree that Bitcoin tends to reverse direction once momentum has been lost, hence price has increased dramatically since the bearish momentum was lost. I also agree that it's too early for a big bull run. I also see a bear market relief rally to $50K at best, prior to falling back down to $25K/$30K.  This would then further confirm the long-term bear market with a lower high.


I also noticed price is getting oversold overbought on Weekly chart, based on RSI. This makes $30K a relatively important "make or break" price. Either price breaks through this level into overbought like in 2019 at $6K, in order to be able to move considerably higher in a parabolic fashion, or we see the correction in order to cool off, that could well take a few months.


Worth pointing out that in the most recent past, the year after a 1 year long bear market, price did in fact go parabolic and retrace 62% of the downside move, despite most people's expectations that it wasn't possible. There were notable corrections during that parabolic move, but they were short lived, unlike the correction to $20K that definitely broke the previous parabolic momentum. Ultimately we've already see one parabolic move from around $17K to $23K, so it can't be that out of the question to see another, logically speaking.


Well spotted. This current move to $30K certainly isn't supported by strong volume. In fact there has been decreasing volume since November last year, despite the near 2x in price.  To me this suggests that this current move isn't the volatile high volume move that we are yet to see. The only questions remains is whether the return of high volume will be bullish or bearish, as high volume is rarely neutral.

That's not a bad price range - 20-50k. That means bitcoin can do 2.5x each way in a few months. I don't think that has ever happened even in the best of bull markets. It seems to me that if bitcoin changed its trend, it is likely to continue to move upwards with small corrections and in the next quarter the price could be for example 40k. If 20k happens again, then all the previous growth was a bull trap or a dead cat bounce. A 50% drop is not a correction.

That's on a weekly chart and would take months for the next price leg to materialize. given by the chart here's how I perceived it.
1. Market structure - Short term highs taken consistently and Higher lows created means where currently on a short term bullish until proven wrong. From where is price right now it could create another short term low at $23-25k ish  before going higher if bullishness is still supported.
2. The noted S/R level  is truly a significant level that how the price would react to that would be beneficial for future price moves. Would it reject? Consolidates? Breaks?
3. Volume- green candles are not yet supported by the expected volume for bullishness which gives a tendency to consolidate and create another low first.
4. Heatmap- it simply indicates liquidity and orders in the marketplace. You can see there are more orders below market place that what is above.

Remember. The goal is not to be right. The goal is to get in line with the marketplace when the direction is clear and right. Don't force any price action to materialize. When it is clear, it will be obvious. Anything could happen.

If you believe history will be broken and we will have a new ATH this year, it is not ruled out that bitcoin will drop below $20k or $15k again, because anything can happen, and it's also something new. I still believe that history will repeat itself until we have a new history.

Expecting the market to surprise and make new history can excite us even more by making profits faster. But in the long run, that makes bitcoin even more unpredictable, and we will have a harder time in the next cycles.

I tend to agree with this speculation, if from the moment after reaching ATH, bitcoin starts to fall, the bear season is only 1.5 years long, and if the market cycle repeats, we are still too far from the new season bull.

Bitcoin also increased continuously in the first 3 months of the year, and there has been no major correction. People are getting very excited and starting to believe that bears are giving up and we are entering a bull cycle, this is the right time for whales to take profits. I would still be more cautious than believe in a larger uptrend.

So the probably the worst scenario is $20k, and next is $25k which I think is going to be the biggest support line is the current sentiments that we have right now. But it might take a lot of going to $50k, maybe several corrections along the way, and possible that it could be breach at the end of 2nd quarter or start of the first quarter.

And after that $50k then we are all set for the bitcoin halving early next year. I still on the fence if we can hit a new all time high this year. The cycle is that the ATH will be after the halving. But who knows, if there is FTX collapse that change the course of the prices then maybe we will see something new as well.

I don't think there is any chance of $20k happening. That was well into the bottom of the bear market and bear market is over so it won't ever go down there again unless in the near future there is some sort of horribly traumatic event for the market. So $20k I'd put at <1% chance of ever happening again just cuz nothing is ever 0%. So definitely $50k, but it won't be soon. $50k could possibly happen by end of the year, and almost certainly in the next 12 months.

After blasting off past the $29k region directly to $30k in a matter of a day, and liquidating a very large portion of shorts...I believe that a correction is due. Imagine how many high margin longs are in huge profit right now and are getting greedy? Also a lot of the indicators are pointing to a correction on 4hr and 1 day charts. I don't think it will be a large correction, maybe 2 - 5%, or a sharp one with a quick recovery to liquidate longs. It would be a very odd occurrence if there is no correction at this point though. Longs have not been liquidated for a suspicious amount of time now.

Not really sure where the price will go but my prediction is not going to be big bullish yet which is why this month the price range will be $28,000-$35,000 but pretty sure it will touch $35,000++ at the end of this month and early May will see the price drop back to rebalance before going back up, but to reach a price of $ 50,000 will probably happen later this year so Bitcoin will continue to play in the price range of $ 25,000-$50,000. Before Bitcoin finally slides up is a good time to continue to increase the amount we have, before finally enjoying big profits if you want to take profits this year.

It is possible for bitcoin price to hit 50k but it wouldn't be so soon because there will be correction I'm bitcoin price which will bring the price of bitcoin back to 25k or below but I don't think it will go dip to $20k. Which after this there will be a pump in the price which will make it hit 35k and above but it will take sometime,maybe three or four weeks from now. We have seen how investors are dumping USD and stacking their funds into bitcoin which makes me believe that the more people are using bitcoin as a store of value,the demand will increase with low supply, all these will make the price move up to 35k soonest. The best thing is to embrace the DCA logic for your investment

The surge that reached a price of $ 30,000 was the moment that investors and traders had been waiting for, the recovery that occurred in the Bitcoin market caused a lot of speculation from analysts that currently the new trend in the crypto market is a bullish trend. The increase in the price of Bitcoin towards $ 30,000 has made many traders excited again, but in dealing with this situation traders must be careful because this is a strong psychological number, don't get caught in this position.
Traders have to be careful not to buy at high prices because that is like catching a falling sword for me because the market still likes to spin circles around psychological resistance or support. If the movement starts to increase slowly, the CDA may be the right suggestion.

We can't just go on parabolic rise, sooner or later we will have a correction. So most likely we might go $20k'ish again before another leg up. That's how the market moves in the past.

Right now, we are in the $29,400, as expected the rally was short to $30k and it didn't maintain that price.

So it might take another correction before we can go higher, so retracement then another move to $32k, and that pattern might continue assuming that there are no black swan events to happen early this year.

$35k will be oversold in the weekly chart and it will dip again slowly that it take months before it will hit the bottom at around $25k or probably just $26k. before going up again to $40k.

Waiting for another 2 to 4 weeks before this $35k happens I guess but if this again is another bear market bull run, it will already be diving to $25K without hitting $35k.

I think the price would be moving up and down within $20,000 and $50,000 for the next few months. But I don't think it would hit either $20,000 or $50,000. $20,000 is more possible than $50,000 though. After all, this $30,000 is not secured yet. We could lose it any moment from now. The correction could cost us a strong blow that would pull the price down near $20,000. $50,000 is too far up there. If it arrives, it will be late third quarter or fourth quarter.

I think 20k is more likely. Bitcoin tends to reverse the direction when momentum is lost. It's still to early for the big bull run, halvening is 1 year away. If there will be no big upwards push soon, those who bought recently will start taking profits (which are quite high if they bought below $20k), this will trigger more profit taking and create panic.

It is good to continue to DCA would be my advice. Definitely our thinking and speculation was that bitcoin would reach $30000. It is now $30000 and what people would be thinking about now is if bitcoin will continue to rise or not, or if bear market is going to follow.

In my opinion, I think bitcoin price may still rise further, but if it happens like how it happened while it was at $28000, it was a strong support price that made the bull market to continue further and hit $30000 today. If bitcoin do not fall or rising back to $30000, I will be expecting $35000 to be the next support price.

But I checked the monthly BB, all I think is that it is possible for bitcoin to increase to $35000 before falling again. Even if bitcoin may not increase further for now. It would be a good idea for people to still continue to DCA. I do not know about other people but I myself is believing in long term speculation and price increase, that bitcoin will hit over $100000 after the next bull market. Which means bull market would still be the overall result after long term holding.

With price now at the 2021-2022 previous 18-month long support level around $30K, as highlighted, where do you think price will go next?



Is it finally time for a correction back towards the lows, or a continued relief rally towards $50K? Similar to $25K, this is a level where many speculators believe price might be strongly rejected, because the previous strong support level could well turn into new resistance. There is otherwise the argument that above this level Bitcoin is confirming a U-shaped recovery, with a target of up to 80% to the upside.