Bitcoin Forum

Bitcoin's Position in 2022 year (https://bitcointalk.org/index.php?topic=5430973.msg61508229#msg61508229):

https://i.imgur.com/jqd1uoD.jpg


In 2022, the cryptocurrency market reached its lowest level due to the three coins Luna, Celcius, FTX.  And it still exists in this state.  2022 was not a good year for Bitcoin.



2023 year Starting January:

Last year 2022 Bitcoin's position or future was dire. The current price of Bitcoin is 16,532$ But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

What is your comment?

Reserve

Why are we hitting 30k in May?

Wrong There was a type..

estimate  If 30K dollars, Bitcoin's position will improve.

There is no certainty that bitcoin will rise again by the end of the year, no one can draw that conclusion. But you are right, this is a good investment opportunity, those who do not own or want more bitcoin should take advantage of this moment because the opportunity will not come many times for us to choose freely.

And I want to tell you, bitcoin has the potential to be profitable, but it's not easy to make millions of dollars. Bitcoin is not a get-rich-quick tool.
How much do you need to invest in bitcoin to make millions?

looking OUTSIDE of the market candles.. there are other options to acquire bitcoin

the public CEX exchanges (the retail market)
there is also the OTC market(the wholesale market)
there is also the mining (the producers/farmers market)

by looking at the variance of mining efficiencies around the world
"industrial" grid electric prices go from $0.04/kwh to  
"residential" grid electric prices go upto $0.48kwh

this puts a window of
cheapest on planet(value) - no one wants to sell below
expensive on planet(premium) - no one wants to buy above

creating this window of possible price range the market will work within
https://i.imgur.com/ruG5iQd.png

now based on hashrate of current generation asics
EXA     low(value)      high(premium)
250    $15,509.84     $98,118.19
330    $20,473.00     $129,516.01
410    $25,436.15     $160,913.83
490    $30,399.30     $192,311.65
570    $35,362.45     $223,709.48
650    $40,325.60     $255,107.30
730    $45,288.76     $286,505.12
810    $50,251.91     $317,902.94

this means while hashrate is in the mid 200-300 the speculative market can speculate anywhere between $15k-$100k(rounded)

this means if the hashrate went upto 800exa. the price could still be at a low of $50k but could speculate as high as $310k(rounded)
yep at 810 exa on current mining asic efficiencies/recent models the bottom will become $50k

no one can predict where within this range the price will be of the range of the hashrate of the time. but we can see that the price is somewhere within that range.

in short 2021-2022 did not really go over the 260exa hashrate and so the (off market) measures had no reasons why anyone would dare buy bitcoin for $100k when everyone could have mined/acquired bitcoin for under $100k via other means

so right now i dont expect bitcoin to go upto $100k

everyone else making smaller number guesses are doing so for personal reasons. usually when someone buys coin they automatically decide a 2x exit price

so if this topic creator wants $30k this year its because he bought at about the $15k rate

so if this topic creator wants $100k this year its because he bought at about the $50k rate
(alot of people have a 2x multiplier of a 'within 1 year' timescale)

however these people throwing a number out into a comment he just wants to see if people agree to those amounts possibly happening in the creators time frame to ease his mind that exiting at his presumed 2x is achievable

well. unless the hashrate goes above 260exha and IF there is very HIGH speculation. it wont breach the $100k market barrier

as for $30k, its possible.. but within your march/april time scale.. well thats an unknown

Neither Bitcoin's position not future was dire, it was just a market downturn which has happened multiple times in the history of Bitcoin, especially following a bull run.
If you listen to the 'bitcoin is dead' bandwagon, it's easy to think that it would be difficult to recover from the normal market situation.

The 'Bitcoin market' doesn't predict the price. It is simply the market where traders can buy and sell.
Anyone can give a prediction, as you just did, doesn't mean it would influence what happens in reality.

After PlanB's prediction goes wrong since he predict Bitcoin will reach $100,000 in end of the year 2021, I don't believe anyone prediction anymore especially people who predict Bitcoin at exact price. I only believe about bear and bull season, the price is impossible to predict since it's similar like gambling prediction. 2023, Bitcoin would still continue the bear market like the last year, maybe it just have a slight recovery before the bull run happen on 2025.

The other day I was watching an interview to PlanB and he says he is not wrong, LMAO  ;D. He is still saying that the price will go up a lot.

Plan B HUGE Bitcoin Prediction 2023 - This Is When You BUY! Expect This In 2023 (https://www.youtube.com/watch?v=XNNQVzS7yto)

I hope he is right but I don't trust his predictions any more.

In the meantime, I will continue to accumulate, not because I expect a certain price this year, but because of what bitcoin is and because it spurchasing power will clearly increase in the long run.

How to put this in simple words? I think we should leave bitcoin on it's own. It is already getting hampered with the various events as mentioned by you in the graph preview. It's just bitcoin alone but the whole crypto space. Some projects literally had to shut themselves down because they lost more than enough money due to collapses which was supposed to be their trading volume and liquid money. I think it is safe to state that Bitcoin is still doing great and we should continue to HODL it no matter what. With the 2023 we will surely see some good hikes because one it is still strongest player in the market and two we are closing towards the halving.

plan B's zone of $100k-$1m is very wide thus even if it went to $101k he can say "see mom i was right" while the rest of the world only heard the second half of his statement that he thought $1m is possible

i doubt 2025 ATH will be $1m

usually
first ath to second $30-$1200 (40x)
second ath to third $1200-$20,000 (16x)
third ath to fourth $20,000-$70,000 (3.5x)

so id expect maybe a 2-3x just to be safe
so a expectation of $210,000 or less in 2025

which is 2.5 years to get to above a 500exahash rate to get that possible market value:premium zone

This is how it must be, but the market is being the market. No one is an excuse. The best thing here that Bitcoin is still running, even how much percentage Bitcoin already lost from its peak, Bitcoin is still here even though there are a lot of centralized exchanges that are already shutting down. That's what I can see, it means people still trust Bitcoin.

OP, when talking about bitcoin price movement and speculation, it is better on the economics >> Speculation, Child Board  (https://bitcointalk.org/index.php?board=57.0) 

You can move your topic there 👆.

Just as what we've assumed last 2021, it was $100k. But I don't want to bust the nuts of most that expecting $100k.

It's better to just let it if it hits it but don't expect an exact time when it will happen. Because we don't know when exactly it'll happen, who knows if the cycle this time is different and if there will be more demand pre-halving.

Because what we know is that, most of the increase for bitcoin's demand happens every after the halving and that's by next year, 2024.

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

The "discussions" are the reason why we are not entirely sure what's going to happen. If we would just buy and hold and leave, then when we come back we could find it doing great as well but because we do not want to and we end up with making some mistakes along the way because we keep staying on top of it, that causes a lot of trouble.

I believe that the best thing to do right now would be staying away discussing bitcoin prices, it is not going to impact the price just because we talked about it so what's the point on investing AND talking about it. Just get some, then go watch some movies, eventually it will get better one day and then you can sell.

This is pretty good. Should get a lot of merits.

That "discount" is something people fear because they see themselves as the product owner whose product is not discounted, not as the buyer whose item they want to buy got discounted. If you switch the side then you would be happy about it, but they somehow can't switch the sides.

I also own bitcoin and I do not consider the price drop as something bad for me, even though my portfolio has been down a lot recently, I still see this as a good thing and yet they do not, which is not terrible and I understand that, but that doesn't mean that we should be focusing on anything terrible neither, I am fine with it and I do not see it as a problem at all.

Discounts were supposed to be a good thing because that simply means you will be getting the item for a cheap price, so why will they fear it? If there are in fear right now then they can be the hodlers who are inexperienced. This bear right here, can be their first long time bear so they are worried and thinks that the market won't recover anymore. I hope they can still be able to control their selves as this bear shouldn't take too long anymore.

I know that the bull run is just around the corner. That is right, we shouldn't be focusing on something that is terrible because that is not beneficial to us but if there is something that we should focus on, then that is to buy more coins and continue hodling because we know that we will be rich from this one day.

Gold went sideways from 1992 to 2003.

about 400 in 1992 and 400 in 2003 never going over 450 in that time frame or under 200.

so who is to say that we simply stay in a 14k-30k slot for next five years?

I suspect all of 2023 we are in 12k to 25k slot. Prep for that.
be like JJG and just dca.

say x dollars a week. for all of 2023

with preset dip buys at 15.5k and 14.9k of 4x

And the same assumption that we have in early 2018 that we can hit $50k after reaching a new all time high around $20k at December 2017. So there are a lot predictions, crazy predictions that didn't happened but it took another 4 years to achieved that.

And so in 2021 we thought that 6 digits is within our reach, but it didn't.

So I think in the next cycle, we will finally see it at a minimum.

Many events occurred in 2022 that caused the Market to crash. The Russia/Ukraine war, Covid-19 and the case that happened to FTX kept the crypto market at a low level. In general, other causes that can trigger a market crash can be triggered by several things. The influence of negative news spread in print and electronic media, lack of liquidity that disrupts the market balance, the limited amount or quantity of crypto assets and the threat of regulation.
In general, currently Bitcoin is in a sideway position. Estimates that it could reach 100 thousand dollars by the end of 2023 are still in the dark because the Bitcoin price movement is purely based on speculation on how people think about Bitcoin performance throughout 2023.

It looks like 2024 should be the year we could expect some kind of recovery because it seems 2023 will still be unstable, at least in this first half, due to macroeconomic and political happenings.

Moving sideways is what I would expect, with some minor corrections going both ways, and during that time I just hope something like FTX doesn't happen again.

If investors are still waiting for the right time to enter the market again, market conditions will take longer to rise and will always be sluggish without better movements. Because the boosters and boosters of the foundation of the Bitcoin price in the market are by large and also more investors, so if they are still waiting for the time to enter and don't immediately rush to enter now, a high increase in the price of Bitcoin will always be difficult to happen in this month or in this near future.

That's just the idea of what demand is; based on the majority. And it just happened that we cannot control the minds of everyone to invest continuously; every investor has their own fear or reason why they are still hesitating at that point resulting for a struggle with the recovery of the market price of cryptos. But if we would base on some market indicators, there are newly released tokens having quite of a good increase which for me, is something to hope for instead of doubting this year which has just began. But that's indeed true, we need something of a "booster" but what could that be? I guess it is something like news in this industry which would attract interest. And what goes by with that is profit in this industry. P2Es and NFTs are somewhat dormat at this point. So maybe, news about adoption of this technology woud be a possibility, to uplift everyone's interest.

It could be sluggish at first but I think it's going to go up a lot eventually, it will just need some sort of push at first but when the time comes and we actually go up a lot then we are going to end up with a good profit. This is why it's important to focus on making a bit of a profit later on and not short term.

If we end up selling at even the slightest profits, we are preventing it from going up and that's not good, we shouldn't sell as soon as we are in profit, we should wait until we reach to a good level and when that happens it's going to be a great deal for all of us. I know it's not easy to wait when in profit, but we must do that if we want higher prices.

Who said it was bad? I mean for many people 2022 was really great. I am talking about the ones who wanted an opportunity to buy the high valued coin. Bitcoins were at 69k usd, and many people wanted to buy it. Thanks to 2022, for which we witnessed Bitcoins at 16k usd, and many people bought the coin for such a low price. Now as Bitcoin follows a 4 year cycle, this year is expected to be big for the Bitcoins. Let’s not debate more and wait for the outcomes. Wishing us all the best for the future.

Good point those that stayed on the sidelines from 2009 to last fall could have got in at near 15k

I grabbed a small piece for 15.7k In November.

Gold was a negative market more recently from 2011 onwards it didnt break its series of falls till I'd say about a few years ago.  I've been bullish on that asset in a macro way since then and for obvious reasons I dont believe DXY rising reflects loss of value from inflation etc.    So too BTC has periods it will fall for years but once it has outrun that pattern its far more valid to be looking for periods it will gain.
   So far this year BTC is positive only because of its in contrast to its continual fall last year, right now its just about above weekly and monthly averages, most widely watched will be 50 day moving average I think which is attempting to turn positive.
   Finally if we consider 2023 in full breadth we must consider 200 day or 50 week averages even for their inertia; simple take is more time required imo.   Look for a flat 200 day MA, we are not even at that starter line to this race, dont jump the gun  :P

You are not wrong as 2022 was a great year for those that wanted to accumulate more bitcoin, but a great deal of traders and investors became part of this market on 2021 and it is not an exaggeration to say that they have been through hell as they invested close to the ATH and then they had to endure a very sudden crash, so for those people 2022 was a terrible year as not only they lost a lot of money but they also lacked the cash to do some DCA as they had invested everything in bitcoin already.

The future of cryptocurrency is unknown.  No one can make a correct decision yet, it depends on the market investors and it is beyond imagination what the year 2023 will be for Bitcoin.  Basically the documents need to be counted by investing bitcoins.  Although the price of Bitcoin will increase but towards the end of the year.

There’s no assurance and only those who want to proceed and take the risk will know the answer in the future, everything is unsure in the first place, there’s a lot of hat against crypto before but look as us now, so I believe this will be the same scenario, Bitcoin will rise more and 2023 could be the start of it. Try to analyze everything, you’ll see that the next halving is next year and the effect of that can start as early this year so better to take risk now.

We'll never know unless we give it a try ... i mean take this moment as an opportunity despite yeah there is a lot of possibilities ... scenarios that could really happened ahead as we might see the charts show it's a bouncing back time after a continuous disaster , we are trying to do so right now.

But the market has not responded it too well , a slow bounce that looks a bull trap for me.

It is obvious that you have to take the shot, if you don't take the shot then you won't know. Like my doctor told me recently, if you go hunting for a duck, and you never pull the trigger at all, how many ducks could you shoot? Zero, guaranteed and no discussion there at all. If you take 100 rounds of shot, you could still hit zero, but it is quite unlikely, if you take just a single shot, there is a lower chance you will hit anything but it is immeasurably higher than taking zero, because even 0.000001% is a chance, whereas %0 is just guaranteed nothing. So I always try my best, just try. Thats what Nike is all about, not titles, not cups, not stats, no success at all, its all about "just do it". You can be 50 years old, diabetic, knees hurt, bad rain weather, walked just 1000 steps, and you are still doing better than anyone who stayed at home that day. Just do it, that's my advice.

It is quite vague for Bitcoin to hit $30k between April and May 2023, if we consider the year of 2023 as cycle transition, there is a slim chance for Bitcoin to get into the $30k on April and May because supposedly that is the month where cycle is about to transition (just my hunch) and maybe we can see around sub $20k - $25k range.  In this month there is no good news to push the market, even though Feb and March maybe a long time to have fresh events, I do not think that it will have that impact that will rally Bitcoin to $30k in just a short span of time. Unless a miracle happen.




I assume $30 to $50k  is possible for these year but I do not think Bitcoin will close the year 2023 in $100k top. I think rather Bitcoin will have $100k on 2024 probably during the bitcoin rally toward new ATH which is after 2024 halving.

Besides we also need to take the context in which we take our shot, someone investing in bitcoin when it was reaching new ATHs almost daily was making a huge mistake if you ask me, as it should be clear at that point that we were near the ATH and that it was going to be impossible to sustain it, right now anyone investing at 17k cannot do much better than that, after all how low the price of bitcoin could go? 13K or 12k? There is not a lot of difference between buying now and buying at those prices especially when many of us expect bitcoin to reach more than 100k during the next bull run.

I have passed the year 2022 through many calamitous times. Bitcoin market hit hard by Russia Ukraine war situation. Then started another disaster in cryptocurrency there Luna platform scam Celsius and FTX exchange platform scam. Amidst so many disasters one after the other, the cryptocurrency market came to a very low level. So you can say without a doubt that the year 2022 will never be good for Bitcoin amid all the calamities.

What the year 2023 will look like for Bitcoin is still uncertain. But until such bad situation in the world becomes normal, the cryptocurrency market may remain in this state. But you can keep investing, Bitcoin will set a new record in 2024. And that new record could be up to $100k or more. Now is the perfect time to invest. Those who are in a position to invest invest, wait for a long time if necessary and hope for a good day.

Bitcoin price is very good at current position.  As we slowly pass through the bear market period, we dream of a bull market in the future.  Bitcoin is already bullish Bitcoin momentum will continue to be bullish until the end of 2023.  So don't miss the opportunity to invest, invest on time.  Now is the perfect time to invest.
https://i.imgur.com/Ee8MC5q.jpg

Bitcoin price had already touched 24k dollars.  I think the current time is a bull market for Bitcoin.

Bitcoin price was currently up to $28,700. However, the price of Bitcoin is likely to rise further. Bitcoin is currently seeing a massive increase in investor numbers, which is why the recent dumping of Bitcoin prices is bound to be offset by pumping. But I think Bitcoin price will increase further in March.

Perhaps you are spot on with the $30,000 prediction, although we haven't hit that price, but the chance for it is high as we are in the $28,000 at the end of March. Although April looks shaky and there's not much any movement, it's been trading sideways.

So let's see, within 2 months we can hit that $30,00 and who knows what's up till the end of the year.

$100,000 could be far fetch though, in order for us to hit a new all time high, we must first go to bitcoin halving and it's only going to happen next year. But as far as investment, yes, this is still a golden opportunity as the price is still cheap.

Today the market can grow again and increase more than 2%, the price that was previously in the range of $ 27K, can now return to $ 28K, this further strengthens my predictions that in 2023 the price will pass ATH in 2021, now continues to focus on buying And don't miss the opportunity.

Last year occurrences of bitcoin befallen is no  more in this year,The many cases that have befallen crypto projects such as FTX and Luna have had a major and direct effect on price reductions,but at this moment 2023 bitcoin is $29  it's was in $28k run up $29k,the price will this year may pass 2022 ATH, today Bitcoin price is good or bad at the current position.  As we slowly pass through the bear market period, we dream of a bullish to see in the future, from now till month end we can hit that $30,00 market in the future.

I think as long as we do not get some of those terrible news this season as well, we should be fine. Last year it was doing bad because many companies ended up thinking they would be fine with high prices and made profits but when it went low like that they lost profits and had to bankrupt. Luna was a different deal that was just algo stablecoin not working and it would never work, it all depends on a rich person to risk their money to take it down and this is true for all of them not just Luna as well.

These things combined made for a terrible season when we were already going down. No hacking, no crash, no bankruptcies and we should have a great year that ends with a super high price, all depending on the news.

2023 will be the year that determines whether the market will be red or green in the long term, if 2023 is still red then the chance for red will be even longer and there is a possibility that the price will drop below $10k, but if the price can continue to rise then the opportunity to get to $100k.

I think you are right, the price of Bitcoin is not going to be able to reach the price of $30k in the next few months. It is going to be very difficult to reach the price of $30k in the next few months. Bitcoin is a long term investment and it is not going to be able to do so.

2023 started with a fantastic record, in January the price rose by more than 40% and made many investors more optimistic about the future of bitcoin, now the price is in the range of $ 28k and had reached $ 30k, this is a strong indication that it will not be long again the price will skyrocket.

I don't think anyone has any doubts about bitcoin as well as investors, it is certain that they are very optimistic about the continuation of bitcoin to provide benefits for those who really want to be patient to continue to hold it. at the beginning of this year there were indeed extraordinary surprises, but at this time there was a tendency to start stagnating and still persist, so to expect a lot this year it seems that it cannot be predicted correctly. but i agree with you that bitcoin will reach a fantastic price later after the halving period is over next year.

At the beginning of 2023 when the price of Bitcoin was very low ($16,642). Then it was the right time for us to invest because now look at the current time ($31000) touched.
The price of Bitcoin has often doubled in just five months. So it is better to invest in Bitcoin, the risk is very low, the benefit is high and the Bitcoin market is always up and down. Currently the price of Bitcoin is above $27,700 so there is still plenty of opportunity to invest so definitely jump in to invest.

We should not say that investing in bitcoin will be highly profitable and very low risk, if newbies reading this will get it wrong, and it is easy to make them invest in the wrong way. Don't forget that high profit always comes with high risk, everything is always proportional. There aren't any low risk but high return assets, including bitcoin.

But you are right, those who were skeptical and missed bitcoin when it dropped to $16k might be an opportunity for everyone to correct their mistake, compared to the old ATH, $27k is still the right price to buy. The upside potential of bitcoin is huge, although there will be risks but that is the law of life, if anyone dares to take risks, they will receive a worthy reward.

I think that 2023 will have many positive surprises compared to 2022, at the beginning of the year we were surprised because in January it rose more than 40%, and the upward trend continued until March it could touch $30k, now the price is around $28k and it's normal when it happens high jump then there will be a correction.

It's been one month since this message was posted, and the price back then was $27k, and the price today is still $27k. That doesn't mean it didn't move, it did, it went above $30k a few times but couldn't hold it, came back down and this time, it has been pretty stable within the range of $27k - $28k, and there are no clear signs if it will go up from here.

So, I'm not really sure if the price can really go across the all-time high within this year, I don't say that people shouldn't buy, but maybe doing DCA is better than buying all at once since the price can go down as well from here.

And it's $26k now and it could go even lower. As of the analysis per se that I've been reading from different analysis, it can be lower up to $25k.
But worry not everyone, this is still a normal thing for Bitcoin to be done. We'll just need to get through with because it's not unusual really. We'd be surprise more for the upcoming bull run after the halving.
2023 can be not that much compared to the past year but this is much better in reality.

The price seems to be normal after failing to break the resistance, now we are on the price where opportunities comes to so we can buy more.

If we are going to touch the $25k mark, I’ll buy more because the Monthly time frame is still bullish with Bitcoin and that’s a good signal that we are still in a good trend. 2023 is getting more better, there’s still a big chance that 2023 will be more profitable compare to last year.

Set your buy orders already because we might really hit that and we can't skip that. It has go through these sequences of corrections and those that don't have a strong appetite on this, you better do nothing and just watch the market closely.
It's okay if you've got nothing planned for if these lows will be hit within the next hours or days but as long as you've got a solid plan of holding long term, you don't need to think of it and let it pass because no matter what price it will reach back to the bottom, it's always gonna recover no matter what happens and that's a real attitude of Bitcoin.

Correction has indeed occurred this month and I see that the percentage of correction is slightly larger this month than last month although the price level is still running at a very reasonable level of $26K to $27K in the market. I also expected Bitcoin to have a better surprise this month so that the recovery looks even better, but I don't think that will happen any time soon given that a bump always takes more time than a correction.

2023 is a flat year in summary, we can rise plenty in bursts but its only going to meet prior volume which must be digested and revised before we can move higher from that.  All that equates to is time to move, the whole of this year imo is easily how long it takes to get back to even a modest target such as 40 to 50k.   If we were to end on 30k or even less I wont take it too negatively either, its time spent and BTC doesnt care about your December or year end calendar for its conclusion.

   So the position is sideways,  look at this daily bar view (https://talkimg.com/images/2023/06/12/ANcff.png) since mid March.   All this time we just following our own footsteps and thats how its going to be, consolidation is not a negative but its not the grand gains some had hoped for either.  Trade it imo is probably best, dont get too carried away on either sentiment extreme. 

it is very difficult to hope that even though there is always that opportunity, there will be another surprise like when entering the beginning of the year which was unexpectedly surprising. this month it will seem that there will be no surprise increases or very significant decreases but there will be stagnation at the prices at the beginning of the month. but in my opinion if this year it will increase, it is certain that it will not be more than $ 50K and even if it is corrected it will be able to stay above $ 20K, but indeed it is better to be corrected where usually there will be movement to increase after being corrected.

Actually bitcoin cannot remains in one price because Fluctuations are its feature and between April and May yes bitcoin reach to 30k$ but now its not persist as a 30k$ but now its slightly down such as 27k$ therefore its refers that we cannot estimate the price on the basis of single month or a day.

Not yet but always there is an opportunity for the investment in Bitcoin because it will surely goes higher but its not sure that this good event will be at the end of this year.

Although there have been positives and the price of bitcoin has gone up to 30k, I think it is not a good time for us to talk about a new cycle. It is necessary to have more recovery periods as well as accumulation after a cycle. While negative news can affect the price of bitcoin, it is generally not a big deal, and I think it is very good that it is stabilizing at 27k. The thing to see now is whether from now until the end of the year there will be changes in trading volume, or if the price is above 30k then I think a new cycle will form soon next year.

Every 4 years of bitcoin halving, 2-3 years out of it, is for the bearish market and the remaining year is for the bull run season.

The halving season, which begins in 2024, is just one year away. Although it is believed that the price of bitcoin would rise as the halving approaches, no one is certain how much it will rise by at the end of each year. It may or may not increase than expected. That's why people ard investing in bitcoin when it's at low price because, based on assumptions and not with 100% certainty that it will occur, it may be worth thousands of dollars during the bull market. Because of this, individuals who are familiar with bitcoin investment view it as a gamble in which anything might happen to the price of bitcoin tomorrow. 

In conclusion, bitcoin may or may not reach $100k by the end of the year. which is not 100 percent guarantee

I think a 2% price increase and a short term cannot be used as a benchmark to determine the price of bitcoin this year. 2% increase or decrease in price is commonplace and almost every day the price of bitcoin experiences this kind of price change. and it seems that getting past ATH in this year is very difficult because until now bitcoin has failed to penetrate $ 30k.

Bad benchmark indeed. But if there's one thing that we have learn in this market is that everything is possible, 50% increased/decreased can be achieved. So short term very hard to predict the price.

That's why smart investors are really putting their money here for long term. Or at least let's say everyone should test how a long bear market accumulation will do for us. So start in the bear market just save bitcoin whatever way it will be and then just wait for the bull run to sell and to profit.

Instead of setting too high expectations, bitcoin will hit a new all-time high this year, we should be more realistic and expect that bitcoin will not fall more than last year. The halving is considered a powerful catalyst for bitcoin's price increase, and history has also shown that bitcoin will only reach a new ATH after the halving. Meanwhile, the halving event is a year away, so the goal of hitting $100k this year is really a vague expectation. Not to mention the world economic situation has not yet had a positive signal and will still have a negative impact on the market. I can only predict 30k-35k will be the position bitcoin will hit by year end.

Bitcoin currently serves as the most secure network.
 I will throw away all altcoins with dark clouds.
And decided to invest 67% of all assets on Bitcoin.

@Finepoine0

You cannot have every single month like that, it is just not possible, however you could have a situation where it will be a lot better for the future of bitcoin and that is a few months that doesn't drop too much. Sure it went from a bit above 30k to a bit under 27k, that's a drop, about a 10% drop but that is not a huge drop. We have seen 70%+ drops before, so 10% is not a huge one, and its understandable level.

When you have that, it means that we are going to end up with something much better, it should be considered as a good thing that we had few good months, and a few months that stood still. This could in return mean maybe we will go back up again and the result will be awesome if that happens, I would highly support that.

Early 2023 it looks like the market will be rising and convincing because in January the price can rise by more than 40%, the positive trend will continue until March can reach $ 30k of course this is a big achievement and even though the market is currently red but I'm optimistic about this positive trend will happen again.

Yes at the starting of the year, Bitcoins really shown us positive attitude. Seeing the positive movement and history, we easily concluded that, this year new ATH price will be seen. But to be honest May isn’t great for the coin. At least we can see that Bitcoins are struggling here. Bitcoins are trying hard, but the resistance is so high here that, positive results are not seen here. Let’s hope before August, Bitcoin crosses 40k usd, then only something can really happen.

Millions of dollars you said! hell no, there could be a big opportunity in the coming phase but not millions, not even so much thousands, It could be mere profit that can put a smile on the investors face. And yet still it is not a guarantee, they market can still decide to retrace and that ends the bull run for 2023. It is risky giving financial advice at this point of the market cycle.