Bitcoin Forum

The Subject line is a hightlight from this article from Analytics Insight:https://www.analyticsinsight.net/bitcoin-predicted-to-peak-at-us32000-in-2023/

Bull Season is back boys and girls  8)

Perhaps not officially pronounced a bull season by the media yet, but we will have our 2023 Bull Season headlines showing soon, slowly but surely. OR basically overnight Bitcoin will crush all expectations on its way to new ATHs in 2023, no doubt!

From same article"According to analysts, there is a good possibility that Bitcoin will experience a bullish surge. As per experts, Bitcoin will keep growing in popularity in 2023, and if key factors stay the very same, this trend should continue into 2024. When Bitcoin hits its crucial support, it is known to recover. At the end of 2023, the price range of US$32,000 is anticipated to be broken.

I've been seeing headlines lately like highest hash rate:https://cointelegraph.com/news/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low

This excerpt from the article is eye catching: "Hash rate is a key component of Bitcoin security and significant drawdowns result in network difficulty rising to entice more miners to participate.

Network difficulty is also set to reach levels never seen before this week in a nod to fierce competition in the mining sector.

According to data from BTC.com, the next automated readjustment will send difficulty an estimated 2.75% higher to 38.62 trillion"

The more difficult it is to mine surely will increase the price simply from supply and demand, as we all know.

And all of this FUD by JP Morgan Jamie Dimon is comical. The only reason that he would be saying anything like calling bitcoin a "pet rock" and releasing the FUD questioning the true 21 mil BTC cap is because of Bitcoin's ultimate threat to the Federal Reserve.

BITCOIN TO THE FREAKING MOOON!!!!!

It is still very early to say that the bull season has returned to the cryptocurrency market. The price of bitcoin is now balancing around $23,000, ethereum and other top coins have even fallen in price a little. But if we talk about the outlook for this year as a whole, then anything is possible here. Bitcoin is often very unpredictable in its price volatility and brings unexpected surprises to participants in this market. Therefore, I would not be surprised if a long-awaited and long bullish period comes in the near future. After more than a year of crypto winter, this is quite possible.

We all hope that bitcoin can reach $ 30k in the first half of this year and continue its next rally in the second half and can reach $ 50k. But unfortunately, we never know whether the scenario will be as we envision it or if the scenario will be completely different. But if that's the case, it means we're getting closer to those times and for that, we should have plenty of bitcoins from here before the first half. But if that doesn't happen, we also have to keep preparing to be able to have lots of bitcoins because the potential for the increase to exceed the last ATH is very large so if we want to get those big profits, we have to be able to have lots of bitcoins. But no matter what happens, we must remain calm and not panic if there is still a deep correction in the bitcoin price so we can see an opportunity to buy more bitcoins.

That's what they always say until its price goes up further and FOMO comes in. Somehow I can agree it's early to say but the signs are already here because after all a lot of TA guys are saying we are about to burst.

$30K is not very far to reach, there may be dumps in between but we know that the market is ready to go up until it's late for some to buy at a lower rate.

Your title and what is in the article from which you draw information contradict each other, because the title claims that $30k will be reached in the first half of 2023, and even $50k in the second half, while the article says only $32k, which should be reached by the end of this year.

Of course, you're just using the data of a bunch of thrown speculations, but what does a professor from Sussex University know about Bitcoin, as well as all those "experts" who boast of good numbers when the market is in the green, and bad numbers when the market is in the red... You will still have to wait for that "moon" to happen, because everything below the last ATH is just a recovery, and I personally expect a real bull run only next year.

I would agree that the market seems to have a trajectory that will land it above $30,000 in the first half of the year.  $50,000 in the second half is a little taller order.  Sure, it's possible, but there's quite a bit of resistance to break through in order to achieve it.  Personally, I think it will be slow going getting through the $40,000's and if it does break $50,000 this year, I think a retest of the $40,000 level after the halving would be imminent.  After that correction in 2024 though, it will be off to the races and I think a price target for 2025 between $200,000 and $450,000 isn't as far fetched as it probably sounds to people unfamiliar with this market.

All the key factors will be treated according to the trend of bitcoin market; no exception for 2023 or anything.

Yeah, per bitcoin cycle, this year is going to be a sideways conditions which means we may not have a new ATH but we will have strong bullish and strong bearish trends alternatively according to those key factors still within bitcoin's this cycle's support and resistance levels; a beauty that you cannot find anywhere else, I bet.

For example, by 2020 March, when bitcoin was trading around $10k levels, the pandemic news arrived and bitcoin market picked bearish wave; still the bottom of 2018 was respected and market bounced back from there toward a new ATH in 2021 as expected. I mean pandemic must be a highly influencing factor still it impacted within bitcoin market's own rules. So, key factors are just indicating things and not driving forces here.

Not necessarily a rule or not correct to some extent, the difficulty is adjusted every about 2,016 blocks, which is expected to happen tomorrow, and we can easily compare it with price.


In Block No. 758,016, specifically on 10-10-2022 diff change was + 13.55% which is bigger than current change without big impact on price.
Same at Block No. 697,536 & + 21.53 %  Block No. 683,424    

So, does the difficulty adjustment follow the price, or vice versa? Yes, the difficulty adjustment is the one that follows the price to join more miners due to the high value of Bitcoin, but it is temporary within 2,016 blocks

Nah, it's too early to predict this kind of price scenario, of course who would not want the price to increase at $30k -$50k? But it's not easy as that, yeah could be the miners difficulty and how they are as the price goes, maybe just breaking even or just making enough profit to cover the cost and not sell their own stash.

But we have to think about the black swan events like last year, the Terra case and then the whole FTX debacle.

There could be events like that this year, we may never know. And if we did then it will have a huge impact in the market.

I think we will keep rallying like this along with stocks until we get a bad CPI number or bad employment numbers. FOMC are usually priced in. You can tell what the rate will be fairly easy and there are rarely any surprises there.

What can change is the CPI. If we get a large number like 0.5% then we can have a huge sell off. Same with unemployment number. If too many people got employed and the unemployment rate hikes a new low then that is very bearish and might print the top in stocks.

For 50k to be possible before the halving even takes place then every single circumstance we can imagine will have to go in favor of bitcoin, and even then it is difficult to think such a positive year could come out of nowhere when 2022 was such a difficult year.

30k or even 35k are way more realistic at the end of the year, as by that time investors will increase the rate at which they are accumulating bitcoin as a preparation for the upcoming halving, this will rise the demand and the price along with it.

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

It is also possible that they will buy at this point, but considering that anything can happen in the market. So buyers also very often observe market conditions by looking at news that can affect all markets including the crypto market in general. The price range written in this topic is not too big if you look at the price levels that are circulating in the market now, so the possibility of reaching it is also greater, although my belief is only at $ 25K in the near future, not at $ 30K.

I made a similar reply yesterday about what Bitcoin could do in 2023, and my view remains that the coin will range between $15,500 (2022 low) and $48,000 (2022 high). However, if anything breakout would happen at either of the levels, I suspect it to be on the downside, not otherwise. Bitcoin will still have its moments, but I don't think 2023 is the main time. It's so bullish now in outlook, which is why people have started making positive speculations. You might see them changing when something otherwise starts happening.

One thing that would help BTC this year is a decrease in the inflation rate, if this happens, a better price would be seen, if not, it will be bad for it.

We can speculate all we want, but it's essential to consider the possible things that the articles are being put out. Like "which direction would it be" when determining the asset's price. Of course, it's easier only in the short term, and the long term is even harder to predict, knowing that you should see the market sentiment. However, there are essential things that you should consider.

• Analyze the market: Check the impact of the media and what they are saying about BTC.
• Functionality of the asset: Consider it correlated to its price. Is it worth more or less than it is now with what it gives
• Check the history of the asset: reading the charts would give an insight as well
• Supply and demand: we all know the max supply of BTC.

Better to research first and have an informed approach of what BTC is to you and the price it should be and use it as a long-term view of the asset, and you can never go wrong.
It can reach higher than that for me, and it's essential to HODL more BTC.

until now the price of Bitcoin continues to move up, for a price of $ 25K it is very realistic and even I say it is very possible for a price of $ 30K in early 2023.
however, this speculation can happen with all possibilities and people's belief in what will happen in the future is, of course, still in uncertainty, but there are several indicators that can be used as a reference so that these speculations are most likely to occur.

For me personally, I believe in a positive movement that continues to occur as it is now, although slowly, but I believe it will continue to move in a positive direction.

Perhaps Bitcoin bitcoin bull market could be pronounced by speculators who are in for a short-term analysis of bitcoin price, but then the price of Bitcoin is still around 23,000+ which is and an early green indication that predicts a recovery phase after a long bear trend that was triggered by unfavourable events in the cryptocurrency market in 2022.
Let's take more time to observe the market trends for a while before we declare the present situation as a bull return because Bitcoin's 23k+ price is still far from the previous all-time high.

I was actually one of those who believed that the current bull run would be short lived, but till now I've been proven wrong. I was anticipating that the market would eventually fall back to lower levels, but it doesn't look like it's going to happen anytime soon. Bitcoin seems to be moving towards the $25,000 mark, and $30,000 should be just around the corner within the next few months.

I'm honestly a little bit disappointed because I was planning to purchase BNB and also preferred the bear market in order to accumulate more Bitcoin. I've set a goal to acquire at least 0.25 BTC until the end of the year, and the previous bear market was setting the ideal conditions for it to happen.

Given the current price range, it looks like buying more could allow us to make bigger profits in the future, especially if bitcoin's price spike does occur after the middle of this year.
Thus, we can see the predictions of the profit we can get when the price can reach the next new ATH.
And reach the price at $25k looks like it could happen soon but we have to be patient because it will need more support to increase its price.
Right now, the price seems to be strengthening and could touch the $23,300 range again so if this continues, it looks like the price can reach $24k and $25k in the next month.

Still a win-win though, if the break out is on the negative side, then another great opportunity to buy. And then if we are continuing to accumulate since last year, then at $48k you could make a profit already.

Nevertheless, what we are waiting is the halving next year, so even if we reaches $50k, might be better to just hold and wait.

There's nothing good that seeing your portfolio because you are patience enough to wait.

With a decline that may happen again, at least we can increase the number of bitcoins we have to prepare for the achievement of the bitcoin price to a higher price. Maybe 2023 is not the right time to increase the price to the last ATH but maybe this year is the right time to increase the price to $40k or even $50k so that before or after the halving, the price can break through the last ATH and finally be able to create a new ATH. So to achieve that goal, we have to stay afloat while accumulating more bitcoins while we still can.

The price is currently trading around $23.5k. It might continue till $24k but I am not sure if we will continue to $25k and beyond as this was the hardest zone that BTC is trying to break so far. I will only be confident that $30k is possible once we reached or pass $25k barrier. Speculations will likely happen if we will also follow it with an action. Say if we speculate the price to go up, that is possible if we will also buy more and then HODL.

There are available indicators that we can use but not all times they accurate. There are times that they are accurate but then the price intentionally move on to another direction due to manipulation so we must be careful to not caught out by the trap prepared by the whales.

We can only speculate that $25k might be the key resistance in this bull run. Yes, as we further goes up, we might hit the hardest zone around that price. Of course if we hit $25k and then sustain, then we will have the momentum to go and chase another whole numbers at $30k.

Indicators are not that accurate, it can only help as that much. But we really don't know the feeling of the traders/speculators or investors. Maybe one day we will see a sell off again due to some negative news. Or will continue to pump up the numbers by the whales to $30k or higher.

So far this prediction has some chances of being right. Bitcoin is probably going to hit 24,000$ today, in a clear evidence of another achievement on this new year, and it's doesn't seem it's going to stop there. From 24,000$ to 30,000$ it's just more 6000$ to go, and that is less than the trajectory in price increasement bitcoin has done since the beginning of 2023, coming from 16,000$ to 24,000$ (+8000$). Hopefully next month bitcoin will be crossing the 30,000$ barrier, if there aren't any severe corrections meanwhile!

Bitcoin will have a favourable movement all through out 2023 and from the look of things,  bitcoin is currently heading to some level of recovery that $30k price may be too little to achieve in the whole first quarter of the year, and at the moment bitcoin have recovered to $23k+ and that is a enough volume to push the price of bitcoin above 30k before the next 30/ day cycle if the market recovery continued with this current momentum.

Theirs no much sign to attest that the bullish market are fully back, because their is every tendency that the market can depreciates and return to the normal price in 2022.so concluding that the price of Bitcoin or the situations Bitcoin found it's self right is due to conclude that it's in bearish market, i will say it's a fallacy.

Will this be the Season to be Bull? but is there something  we cab expect big in the coming months? I mean aside from that 30-50k? though I doubt we will be getting 50k this year alone , because with still so much economic problem worldwide ? I think this will keep  holding  this level and denies that high for now.

https://i.imgur.com/ObAI5Yj.jpg
2023 may bring a boon for Bitcoin. Because we have already seen that the market price of Bitcoin is increasing step by step from the beginning of 2023 until now. But the price of Bitcoin has already crossed $23.5k . Although the Bitcoin market is on a small scale, but it is increasing gradually which is very positive for the market. If the growth trend continues as the Bitcoin price is increasing in certain steps, then I think the price of Bitcoin will touch $30K  long before the middle of 2023.  As the value of Bitcoin increased, the markets of other coins started to become positive.  Hopefully, the value of other digital currencies including Bitcoin will reach a good level.

You are right about the difficulty, though I still have my doubts. I believe that miners have effective control over the market and it would be in their best interest, as well as higher power individuals/groups for the price not to increase so smoothly during the year. My prediction is that there will be growth but that another "catastrophe" like Luna or FTX will occur, once again providing the significance of "not your keys not your coins" and the downfalls of custodial services, which will hinder the expected growth until the end of this year or until during 2024, where the halving will force miners to increase the price in order to maintain a profit on their operations.


This on the other hand shows extreme fear from big banks. Usually if they are blasting the fud, they know good things are on the horizon and they are trying to keep as much of the public out as possible. You are totally right that it is comical at this point and it takes me back to the Bitcoin Obituary (https://99bitcoins.com/bitcoin-obituaries/) every time  ;D

Bitcoin have indeed shown some market movement that have changed the phase of the entire cryptocurrency market,  and at that bitcoin 2023 have been on a consistent price increase since the market picked to recover from the 2022 low of $16,000 approaching the end of the last year and a good market movement has been recorded since the start of 2023.
-first, since the market price recovered back to 17k then to above 20k and right now pitching its price tent at $23,500+ this is a good indication of a better price in the coming days since the price trajectory has not declined since it pick in early January 2023/till date.

The recent rally of Bitcoin has everyone optimistic about the start of bull season, but this is unnecessary in my view as it is still too early to confirm or deny it.

We are waiting for the monthly closing, if it closes above $25,000, there will be a big rise and another talk.

It is possible for Bitcoin to rise to 30k, but it is not necessary for it to continue rising towards a new high. The greatest possibility is that we will see a big correction after this big rise.

let's watch and wait.

Why are you not sure Bitcoin to continue to $25k? I think it is not impossible to reach in Q1, the trend has changed. If you saw it was difficult to achieve in 2022, it was because too many FUDs or bad news at that time. Now, in 2023, we have passed the phase of most severe decline. More positive news are coming in this year, it will trigger the Bitcoin price to continue raising. Sure, to reach $30k, we must pass $25k first. Q1 may be the time to reach $25k and $30k may be achieved in Q2 of this year.

Something like this is always possible to happen. But those whales also want profits, they won't buy at the whole of time. Since they already filled their bags fully in 2022, they must support the Bitcoin increases gradually from 2023 to the bullrun season (2024-2025). The whales must have the same hope that to gain huge profits in the bullrun seasons as much as possible.

Looking at the past, Bitcoin generally doesn't reach the peak of the previous cycle until many months after the new halvening. $50k before the halvening, which is more than a year away from now, is not realistic in this model, considering that the previous peak is $69k. $35-40k is the most optimistic scenario, but also Bitcoin could just stay between $20k and $30k for this year and then quickly jump to $60k in the second half of 2024.

Just when everybody started getting really excited for the prospect of 30k, there was some whale who stop ran the shorts then possibly began shorting himself and thereby possibly stopping the trend for a couple of weeks or so and BTC starts going sideways again at maybe 20k - 23k.

So everybody itt who's buying at resistance, stop it for now.  It's prolly gonna start going down, giving everybody a better price to get in.  Just IMHO.  Could be wrong.

Bitcoin price just started and I believe that the price of Bitcoin is something i believe that can go up today and get above the previous price. So therefore i believe that what bitcoin is experiencing now is just the starting and it will finally meet up the initial price if this year carries a positive information concerning Bitcoin.

actually the beginning of the year has brought very positive things from the bitcoin movement but it didn't last long it just seemed like a temporary surprise and it doesn't look like it will continue to improve and increase until the end of this year. I actually agree with the opinion that bitcoin will be able to survive in the range of $ 20K-$ 30K, of course, this is something very good, before changing the year by entering the halving era, it can immediately move without going down too far.

I see this as very possible, as I referenced here (https://bitcointalk.org/index.php?topic=5440568.0) based on 2019 fractal and rebound to 0.618 fib retracement level, which is at $48.5K for reference sake.

Many see $30K as a realistic target for the year, many less see $50K as possible, but if $30K is broken to the upside then for me this would be the next target due to lack of resistance to the upside.

It's also true, based on the article, that it might take longer to get to $100K levels than simply a 2025 bull market. It may be a slow grind to the upside from that point on.

I don't know if you will change your mind, but the mood in crypto is changing very quickly. Today people have laser eyes on their avatar and tomorrow those same people will be writing that bitcoin is dead. It's a similar situation now that bitcoin failed to break 25k again and is falling. Many people think it is a continuation of the bears.

I feel like 50 would be a confirmed bull market. It's not going to happen before the halving unless we get some really positive news like a large country accepting bitcoin as currency, the way El Salvador did.

I'm calm and confident here but I also try to be a realist. 30 000 this year would satisfy me in full and it's perfectly reachable by the end of the year. I think that we'll have some bearish bias, like we have right now, possibly go back to 20 000 again and then get a new rally in 2-3 months that will finally breach 25 000 and take us towards 30s. Don't expect much more this year with the US rates so high. 

$30k first half is pretty likely. Though Silvergate stuff dropped Bitcoin this month that's just a short term thing and price is likely to rebound soon. Though also sounds like the Fed might do a 50 point raise this month instead of 25 point so investors will probably be afraid to get into Bitcoin again and sounds like interest rate raises will probably continue into the summer which will hold back some money from coming into Bitcoin until second half of the year.

But still Bitcoin is likely to break out of the bottom of the market ($25k) this Spring at some point, and when it does $30k will probably be reached pretty quickly.

Only real threat is if Gensler and the SEC goes full on against crypto soon and tries to drag the market down through tyrannical regulation and lawsuits. Hopefully that won't happen but it definitely looks like that's what the Gensler-led SEC is building up to. This is the only thing that could spell real trouble for Bitcoin recovery this year. But if this doesn't happen then I could definitely see Bitcoin over $40k later in the year, though I'm not sure it'll get all the way up $50k before 2023 is out. Because even if there isn't full-on tyrannical action against the industry by the SEC they will definitely be taking more anti-crypto actions this year.

There are high hopes for bitcoin price predictions in this year, I think someone is not saying anything unrealistic about reaching a high of $30k -$50k, it has indicated a high recovery since the beginning of this year and currently the market is having a low correction before going hitting another high in Q2, we expect no downside below $21k so the market will be easy to recover from in the months ahead. I am optimistic that the $50k price will be reached later this year as several points of recovery indications have been reviewed from the high gains earlier this year and will impact significantly to the next price recovery.

The $30k price level is not hard to attain in the coming months, but the 50k, we need positive news that will support this level.
If you have such prediction on btc price, it means right now, you are slowly accumulating satoshis, because the price is like a bargain.
Because anyone can speculate the btc price, but how they are preparing for it is the one that matters.
You can speculate all day long, if you are not doing anything, you will only regret when your speculated price finally happen.

We're still in the 3rd month of the year so yeah $30k is achievable with the remaining months this year, we might meet a good event/news that would trigger a pump in the market. However, the real good news are coming next year (not sure if it's a good news for the miners or not), as the next Bitcoin block halving will most likely going to create another hype that'll trigger a huge pump, just like what they call the 4-year cycle.

$30k isnt really that too far off and something that realistic considering that we've been knocking that $25k resistance for how many times but sadly it just bounce down and been rejected but we arent that too far
off with that ceiling and its true that we are still on 3rd month for this year and theres still 9 months for us to have whether it would be successfuly able to break those lines or not.
As an investor or supporter then it would really be just right that you should really be that versatile so that you could easily adjust up yourself whether you would really be holding
your position or would be getting in basing up on the market condition.

This prediction may still happen despite the current downward movement. Bitcoin has finally lost $22,000. It wasn't strong enough to withstand the pressure. But it held on for a week. It seems the possibility of $21,000 being broken as well has just increased. We might be seeing the $20,000 level shortly. $25,000 was indeed a strong resistance. The rejection caused a considerable damage.

But we're still halfway in the first half. $30,000 is still possible by June.

we are 5k to go in breaking that 30k for first half of the year as bitcoin already valued 25k recently though it was being denied to continued the hype and now facing another falling down to 21k and still reddish market.


but if trend did not change till may, then maybe we will be seeing 30k in 3rd quarter or more?

Your guess is as good as mine. We can only make predictions. Whether they will turn out right or not is beyond our foresight. The trend right now is not so good. After moving sideways for a week, the price has finally moved downwards. If this continues for the rest of the first half, then let's say bye-bye to the $30,000 prospect. We'll save it for later. It will become the target for the second half. That could mean the $50,000 prediction for the second half might not anymore happen before the halving in April.

If it wasn't for the Silvergate issues, we might see Bitcoin going higher than $25,000 right now, and it will probably test the $30,000 resistance if it happened. Unfortunately, it didn't happen because of the issue thus, we saw traders got liquidated in just a single day and we've seen Bitcoin going back to as low as $22,000 right now.

Speculation, speculation and speculation. There's nothing wrong with the speculation, but looking on the chances of it to happen. Bitcoin at $30,000 in the first half is kind of realistic because after all, we've seen Bitcoin jumped from as low as $17,000 to as high as $25,000 in just a matter of 2-3 months at most, so this is achievable still.

Now the second one which is $50,000 at the end of the year. What are the chances of it to happen? It's low to zero for me. Jumping from $30,000 - $50,000 in just a span of 6 months  is impossible unless we are in a bull market, but we aren't so I don't think that this is happening at least this year. Bitcoin reaching $30,000 until the end of the year is a more realistic one than $50,000.

The fortress or wall that must be broken down immediately is the price of $ 30k, this is like what happened in 2021 when the price continues to rise because it can pass $ 30k, I'm sure if the price can touch $ 30k it will continue to rise, but what does the price increase if we not getting anything, it's better to keep buying and this will give us the opportunity to get big profits.

This is exactly the scenario that makes me feel more bullish about Bitcoin recovering, as soon as perma-bulls turn perma-bears. It's like 2018 all over again. This is also the exact fear sentiment that creates Bitcoin bottoms and eventually helps to drive bull market recoveries as perma-bears accept defeat and buy back at higher prices. These types of sentiment are nothing new to Bitcoin, in fact they are cyclical.


Of course this could well be the continuation of a bear market, but ultimately there will be no confirmation until around $19K is broken. Until then, $20K area has considerable support and if it holds as support and moves back above around $22K then a higher low will be confirmed as a continuation of the current bullish uptrend. Then the chance of breaking $25K increases dramatically as the resistance becomes weaker.

As I've said numerous times, Bitcoin has performed considerably better in it's 2022 bear market with high inflation (-77%) than in 2018 or 2014 (-83%) without it. Those are the facts for now until proven otherwise. So until there is confirmation that high inflation or a recession is bad for Bitcoin, I'm not interesting in speculating that this will be the case, as if anything there is an argument that it's good for Bitcoin afterall.

Reaching or crossing $30k for now seems to be a pretty difficult target for Bitcoin, and if it does cross it before the end of the first quarter, than we will definitely see some interesting pumps after that as there will be a lot of buying pressure from that point from people suffering from FOMO.

$50k could only be possible if Bitcoin can maintain the price if it goes beyond $30k as a start, and even before $30k, we shouldn't forget that $25k has proven to be a strong resistance since last month.

Short term, it might be hard to see it, I really thought that we will have a good month, but it seems the trend will continue as we are faltering and now in the $20k level.

And this is going to be very difficult to us, $20k should be our strong support, but who knows, there are some negative news in the scene right now and then investors are just selling bitcoin because of that. So hopefully it will stop right now, and then slowly regain back to at least $24k. But getting to $30k, could be very hard.

It looks like the possibility of Bitcoin reaching $30k for the first quarter is getting slim.  For once I thought that $30k  is just around the corner when the price of BTc reaches $24k  and even touching $25k, but the current events changes the sentiment of the Bitcoin market reason for the retracement to under $22k.  It is even made harder because of the Mt. GOX BTC being released this March[1].  The Silvergate issue also makes the Bitcoin market sentiment worse.

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[1] https://cointelegraph.com/news/mt-gox-creditors-have-until-march-10-to-register-and-choose-repayment-method

Many hope that the market will immediately rise and leave the bear market, for example today the market drop is more than 8% and now it is under $ 20k, of course this is sad and our hopes can certainly be difficult to achieve, but if we aim for long -term holding then now now It is the best time to buy as much as possible, I hear influencers who will sell a $ 220k house to buy bitcoin, of course a good time if you can get a cheap price like now.

Maybe he's just saying that now to make some people who hold Bitcoin happy, because it's still not certain he would use all that money to buy Bitcoin now unless he is the richest influencer in the world who without selling his house can also buy Bitcoin at the current price. But I also don't think the influencer you haven't named is a poor man, because he may have more houses that he doesn't use anymore so he decided to sell them and use the capital to buy Bitcoin

For those who bought since the chapter of bullish phase is occuring hope that this rise will come up again. But for those didn't place their entry they wish for more dump to come because they want more cheaper price for bitcoin so they can earn more.

This current scenario indicates that we shouldn't get greedy and always listen to the news since this gives us more good insights on what might happen to the market. So if there's no news released yet better do short trade to avoid market traps.