Bitcoin Forum

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of  100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

Hope you are OK, my friend.
Bitcoin price has been rising. We have had close to 100% increase in price this year. It will continue to rise until +30,000, then it will drop below 25,000 and start to rise again until it hit new highs.
The price will increase shortly for the sake of this post to prove to you it's rising. Let's cross 30,000,is that okay?

If you could check the record of BTC this year you could see the increases of it's value. Of course it's normal for it's price to go up and down due to it's volatility but we could say it's still rising unlike to it's current price before reaching the half of this month. Maybe in the next few months we could see some improvement to it's price. But if there's any issues about BTC i think the transactions fees that take too long due to many users which is still common that could affect people's decision to hodl their BTC.

You can't draw a conclusion on that, remember bitcoin has gone down the dip to $15,000 before things begin to surge fine till we arrived $29,000 and finally now on $27,000, who knows what may be the aftermath to this occurrences happening about ordinals and high transaction fee, bitcoin may rise or fall more but we can't be accurate with this prediction as to when it may occur, not even now that we are getting closer the the next halvig which will unleashed another bullrun that we all expects, it's better to always remain being speculative in studying the trends on the moves with bitcoin price than concluding yet because anything ca happen anytime soon.

I don't think, you get the current market price rightly compared to last year when the price decreased to $18k to make new traders worry about the massive bear that was happening in the market till the end of last year. If the market price can rise from $19k to $30k this year 2023 before the price decreased to $27k few hours ago, show that the price of BTC is rising which there is a hope that the price will increase higher to reach $40k before it will return back to bear again. If you have not purchase BTC, I will advice you to visit the market since the price has reduced to $27k because many researchers has predicted massive pumping of BTC this year which people has started experiencing it from the beginning of this year.

According to me it is difficult to predict the price of Bitcoin in future, but hope it will rise again. Currently Bitcoin price falls, but it will not continue and  some changes will happen in upcoming days. Most of the recent researches indicates that the price of Bitcoin will increase by end of the May 2023. So don't loose your hope that Bitcoin is not rising. Surely it will rise but it will need some time.

That's okay, so what if it's far from rising soon?

Didn't we see how much it was before earlier this year and the lowest that it has been? We need to recognize that the lowest that it has hit earlier this year was $16k.

And then last end of the year was $15k.

While we see it plummet from $29k down to $26k, it's still a better price from those that it has been right?

Well, you may be right, and you know what? it's the beauty of BTC that anyone (not you) tries to predict the BTC price and BTC has the potential to shock you (sorry them). (i hope you got my point). So the point is, no wonder, much bad news came this year plus the fees increment due to BRC-20 tokens (ordinals), pressure from USA banks, and SEC's charges, Despite all of this news, BTC still rising, and it will go for another ATH in 2024 but you are mainly concerned about this year.

So, maybe, we could face some bad news and some good news about market and the market will provide us entries to get benefit from the halving. If your main concerns are to get 2x to 5x in this year from BTC then it's not possible but if you want to make money in small portions like by doing swing or day trading then these 6 months will provide great opportunities.

Plus, you should provide proof or at least a source to verify your statements.

Bitcoin is up 30% from its lows, so tell me again how t is not rising. I feel like you are watching the charts, but have them set to 5m and see only the last couple weeks.

Let me ask you 2 questions:
1. What are you looking at when comparing commodities and bitcoin? Gold had its lows in November, pretty much like bitcoin, then rose in January, but went through a correction in February and kept rising in March-May. It's the same exact situation as bitcoin! Gold is now higher than it was in February and so is bitcoin. Don't expect it to go hand in hand all the time. Bitcoin can correct 5% while gold corrects 2% but it's still in an uptrend. Both of them are.

2. Are you worried by bitcoin correcting 10%? If you are then you've invested too much. I hold a decent amount of BTC and I'm not scared at all.

Hello brother you told perfect. We also believe Bitcoin price is increasing and within this years it will hit 100% valu. But not now,  now Bitcoin price will increase some times and some times its price will decrease. But when bitcoin price will stable avabe $30k and it will stay some days then we called it as a bull run. Although we have to prepared for big down. Because it can be happen any time. 

We can't confidently say that the price of Bitcoin is going to go down since we don't know the next move the market will be taking. If we say that the price of Bitcoin is going to fall and finally the market goes up then we may be making a big mistake. Looking at the current increase in transaction fee, it shows that they are large amount of transactions that are being taking place in the market and we need to know what we are doing so that we are not going to miss out from the bull market that is coming to us in due time.

You can not just conclude it saying the price will not rise this year, you can't predict the price in the market, because the price always decreasing and increasing do you remember the price was $15k, move to the price reach $30k before the price went back to $29k-$27, and dropped to $26k now so don't predict that the price is not going to rise, We need to recognize that the lowest that it has hit earlier this year was $16k. And the last was $15k, after that he start to talk some bull steps to $29, stand for $29k for some weeks before he reach $30k. And later dropped to $29k, from $29k to $27k, moving from $29k to$27k  for weeks, and now it's $26k, even this $26 is not bad.

Regardless of the current condition, whether it goes up or down, for now, to be honest, I'm not too concerned about this.
As for when they go up, then indeed it will be very good for the portfolio that I have now, but when talking about other possibilities they will come back down then I will also feel that it will be very good too because I can come back in the continuation of the DCA that I am doing and the possibility this will also add fattening weight to my assets.
All conditions can still occur now. but apart from that, I'm still pretty sure the conditions I'm currently in are correct so with this I don't really care about the current conditions because my target is still for the next few years.

Remember, we are expecting a halving next year in 2024, and while I am not sure how the price rose prior to the last halving, I am confident that the Bitcoin price will soon begin to rise once the issue of mempool congestion and high transaction fees is resolved.

Crude oil and gas are closely monitored by governments and high-profile individuals because they are natural resources whose value will always rise because people cannot survive without them, whereas Bitcoin is a digital currency that some governments have yet to accept due to its decentralized system, but it is still on the rise as people around the world adopt Bitcoin.

We must be patient and trust the Bitcoin process because it provides us with financial freedom.
The Bitcoin market will soon rise.

The answer is that we are in the bear market, simply as that. Look at last year, the lowest low is $15,500. And if I'm not mistaken, we have double that up this year when we peak at $31k last month.

So to say that it is not rising is very wrong. Maybe the idea of you that bitcoin is going parabolic is also not right in the beginning. There are not assets that can do that, not even BTC.

And we are not yet in the bitcoin block halving, that catalyst of the bull run, it will happen next year. So it's better for you to wait or accumulate bitcoin.

Your claim that bitcoin won't rise anytime soon is, in my opinion, complete crap. The price of bitcoin has been rising as quickly as it can since the start of this year. Due to its nature, you shouldn't expect a sudden price increase; instead, you should expect a fluctuation of price (up and down) till the bull season. 

In case you've forgotten, Bitcoin's price is unpredictable and subject to change at any time. Within a day, it may offer a wider range of costs than you could have anticipated. Don't undervalue it by assuming that it won't increase this year.

people have high expectations owed to the fact that most of them are here for high profits. hence, they are expecting sudden increase in price. this is why a lot of people are getting disappointed in this market because they thought this is their way to get tons of profits at a very short period of time.
well, they now understand that in this market, there's more than meets the eyes.

I still think its not really that much of a big difference and change. I know that it is not going to actually be anything incredibly dangerous or anything to invest, and I think it will be as light as it gets for most people to just keep it holding. If it dropped that would be bad, and there could be some people who would avoid that, but since its normal and not really changing all that much, even when it doesn't go up, that's really fine and not a big deal. I believe that the best thing we could do about the current situation is to just keep holding, maybe it won't go up, I think it may but even if it doesn't that means you just have to hold it a little while longer and that really doesn't mean much, that's fine.

The market has been up by 86% already at it's peak, and currently it's up by 64%. Do you know what you're saying OP??
We are only at the 5th month of the year, and we know that anytime soon, Bitcoin can go up even more. If you will say that the reason why it will not rise this year is the Ordinals, or BRC-20 hype, it might affected it's price negatively, but I believe that when the hype is over, Bitcoin will start to rise up again soon. It already reached the $30,000 price a few months ago, and it will happen again.

I will ask you OP. When do you think will Bitcoin rise then if it will not be this year? Another one is, for you what is the definition of "rise" because I believe that it happened already since we've seen Bitcoin up 64% already year-to-date. I think that the reason why you created a thread like this is because you are one of the investors who are panicking on what's happening on Bitcoin right now. :D

Everyone is free to have an opinion and associate the price of Bitcoin with other goods. But, one thing you should to know if bitcoin is always be like this in whatever the situation. So, you should be relaxed and don't panic because it will make things worse. Bitcoin is currently not fine because it's in recovery from a spam NFT blockchain attack, and has been stepping recovery that making fee going to be normal. It's good now, I see many transactions from the exchange to the wallet. So I think, bitcoin is getting closer rise.

I would agree with you if I didn't know how to assess the market technically. Based on what I've seen on the Bitcoin chart, the trend appears to be bullish. As long as the price does not break the prior low, I will consider Bitcoin to be bullish; however, if the price does break the previous low, I will consider Bitcoin to be bearish. Sometimes terrible news arrives in the market merely for market makers to buy at a deep discount before it rises, in other words, manipulation. So, before you panic because you got terrible news, look at the chart first before assuming that the price drop is accurate. In trading, both fundamental and technical analysis are useful.

Trends are different if you use different charts. 30 minutes, 4-hours, 1-day, 1-week, 1-month, 1-year charts will show you different trend lines.

Because Bitcoin is for long term investment, if you want to find its trend, use 1-year chart to look first. If you want to see what's going on in nearly past months, use 1-moth chart. Viewing from wide to narrow pictures is very good.
https://charts.bitbo.io/yearly-candles/

If you hold bitcoins for long term, you don't have to digest news. Let news do its role in the market, makes people panic, greed, fomo but with time, price will grow.

Good views with https://casebitcoin.com/charts

the price of bitcoin is currently experiencing a decline and of course there are many reasons and maybe it could also be because
high btc transaction fees that discourage people from buying btc. so indeed for now btc is being faced with a tough ordeal and in my opinion btc will definitely take quite a long time to recover, and I hope the price of btc goes up quickly, and hopefully btc transaction fees quickly return to normal and become cheap.

It's getting cheaper already. Last time I tried 10 minutes priority for 10USD. It used to be 24$ a week ago.


The market is very unpredictable. For a moment we get to have a green candle and hours later it's already red presenting us lower lows.

But I think we are about to bounce again sooner to go more than $31K. Just my hunch as I see the 4hr chart getting ready to move up and there is the news about the regulation hearing moving forward. 

The way the Bitcoin market has been fluctuating this year doesn't look like it will be a bull market again. The Bitcoin market touched $31,000 at the beginning of the new year when the Bitcoin market dropped to $15,000. But right now the market is in the middle of parity which is not growing very fast.
The Bitcoin growth rate is not growing that much but I think the Bitcoin market will pump a lot at some point. It is certain that the Bitcoin market will turn into a bull market, but it may take a year or so.

Gold and Diamonds have increased in value compared to Bitcoin in the current market. But if you look at the past, the price of Bitcoin once pumped more than the price of gold. So I think it would be best to invest in the current market position in Bitcoin. Because there is no volatility, you must be patient by investing in Bitcoin and in the future we know that Bitcoin will change into a bull market.

as a bitcoin investor and someone who believes in bitcoin, for me it doesn't really matter if bitcoin doesn't increase this year. considering that when I invest in bitcoin, I tend to dare to hold it in the long term, and what is used to invest is cold money, so I will remain faithful to waiting for it like in 2017 and 2021, where many people do not expect bitcoin to reach levels beyond many people estimate

we will not know for the future price of bitcoin, including this year's price.

Bitcoin has the nature of fluctuating and of course people who have experience in BTC for more than a decade will definitely not be surprised to see BTC price movements.
and in my opinion the price of btc can still be called normal. and indeed now the price of btc is declining but with this decline I consider it a good opportunity to buy btc.
So basically no one will know about BTC price predictions because BTC prices are difficult to predict.

Try to put more effort, when you want to spread FUD. ;D
The crypto winter isn't over and nobody is expecting some crazy 100K Bitcoin bull run anytime soon. Bitcoin is doing just fine right now.
I hope that this transaction fee madness cause by the ordinals protocol will end soon, but I'm not optimist.
Why the hell do you have to compare Bitcoin to crude oil, gas, gold and diamonds? A global recession might be coming, the price of everything except gold might be going down. Bitcoin might be a safe heaven, but I don't think that the "powers that be" would allow BTC to be used as a safe heaven. I expect another big crypto company going down by the end of the year, probably Binance.

In spite of this correction, I'm bullish on Bitcoin. This could be the last opportunity to buy some Bitcoin in 2023. Instead of panicking, why not take this opportunity to keep buying some Bitcoin?

Now is the time to get your hands on what you can, this downtrend is expected because it is better than a crazy surge. It would be bad for the market overall if we kept surging.

Since there will be plenty of time to accumulate more Bitcoin if Bitcoin doesn't increase this year, I'll be happy about it.

Far from rising, Bitcoin's price has only been on a downward spiral. I am very worried about this market because I have taken futures trade in Bitcoin. I have already lost almost 60% of my money. If the market goes down a little more, I will lose all my money. I am not satisfied with the movement of the market, the market is only moving downward. 
Looking at the current state of the market, can anyone tell me how much more the market can go down from the current state. I tried to understand the market movement in different ways but I think the market may go down further. Please let me know your opinion on this.

Do you try to question Bullrun? If you invest in Bitcoin for the near term I think, it is very unlikely that Bitcoin has experienced a significant increase this year, but who knows Bitcoin can also be the center of attention this year, no one knows about it, commodities such as oil, gold And others do have high demand so the market has a fairly high capitalization.
Speculation will indeed make a doubt when viewed from today's world news about the Bitcoin market, I think that is usual.
And you also need to remember that we are in the sideway zone for Bitcoin, of course for the zone, it is usually quite long before Bitcoin rises again, you only need to wait before Halving or after Halving Bitcoin will experience an increase in price.

How sure are you that bitcoin price is not going to rise this year? And I don't know if anyone told you the specific time that bitcoin price is going to rise because am sure nobody knows that. How sure are you that bitcoin is suffering from heavy weight withdrawals, can you please provide proof for that. It's almost a year now that bitcoin price drop but don't you see that bitcoin price is bouncing back gradually, ending of last year bitcoin went to around $16k but today bitcoin is around $26k. If bitcoin have been suffering from heavy weight withdrawal, do you think Bitcoin will have gotten to the current price.

Am sure the OP is among set of people that just need quick money from bitcoin, maybe he is expect bitcoin to bounce back to $60k+ overnight. The OP should know that bitcoin didn't dump overnight and it won't pump overnight, when Bitcoin was dumping, it was dumping gradually and if bitcoin will pump it will also be a gradual process.

I will recommend you don't believe what all those researchers say or you might endup being disappointed if bitcoin didn't pump at the specific period that they gave. All I will tell you is that have confidence in bitcoin and bitcoin will pump again, but we don't know when the pump will be happening.

It's okay if bitcoin hasn't been able to increase again this year because bitcoin still has a lot of time to increase.
We must be grateful that we are still given more time to be able to buy bitcoins at low prices so we have to use this time to buy bitcoins.
You can use the DCA method if you can't buy bitcoins using a lot of money. It can also help you to be able to accumulate many bitcoins.
And even though it looks like bitcoin is looking hard to go up, I believe the price of bitcoin will go higher and it's only a matter of time.
So be patient to wait until the price goes up again.

The price would either go up or down. I think it is more likely to increase this year even if it won't reach its ATH. The market have shown progress already from the market crash since its ATH and that is something already to consider. But as usual, the market price won't continuously increase in a consistent manner; corrections would always take place no matter how we wish the price to not fall. The bullrun is more likely to happen next year due to the anticipated halving but as we manage our expectation, things won't instantly happen. Indeed, patience will be required no matter what behavior the market is showing. Find the right entry points and you will be good to go.

I think there is significant more downside before Bitcoin goes up again. It's about to enter the 5th leg of the Elliott Wave, which means that a new upturn will begin after that. How soon? Hard to predict, but the downturn might last another 6-10 months - or a bit more or less. My estimate is based on Elliott Wave theory and between 8-12k is the next level to watch out for.

I don't believe you accurately compare the present market price to last year, when it dropped to $18k to frighten new traders about the significant bear that persisted in the market until the year's end. If the market price can go from $19k to $30k in 2023 before falling to $27k a few hours ago, it indicates that the price of BTC is rising and that there is hope that it may rise even further to reach $40k before falling back to bear once more.

I value your opinion, but personally, I still believe that Bitcoin's price will remain stable this year and I don't anticipate a bull run anytime soon. Instead, I suspect that we may see a slight decrease in price to around $20k before it starts to increase again, possibly reaching $30-$35k.

Please note that this is just my speculation, and there is no reliable information to support my prediction.

Bitcoin's price can be influenced by various factors including news and commodities. Anything could happen, but we can always hope for the best.

I think we cannot directly compare Bitcoin to traditional commodities because they differ in terms of price correction. Bitcoin's price can correct by as much as 10% or even more, while commodities such as gold or diamonds tend to have more stable prices.

now is not the time to talk about the increase in bitcoin because every drastic price drop, bitcoin takes up to 4 years to regain its highest value, and we have often found this in the past few years, so for now we need patience to get it back bitcoin value to the highest number and many investors hope that the increase will occur within this year but I'm not sure this will happen, because bitcoin and altcoins have not been able to find a bright spot both inside and outside.

If the price is on the $29k to $30k it would have been better but now the price coming down again to $26k. Everything in bitcoin now is confusing but everything will be fine.
The drop of bitcoin is more than a year now. It was from last year April that the price started dropping. Government has nothing to do with the price of bitcoin. The only thing no will say is that, heavy weight whales are withdrawing and that makes the price like this.

But we have already risen to +30000 not so long time ago. If you stick to your analysis, don't you think we are in a second stage, which means BTC will soon drop below 25000?

I don't agree with you, a few days ago we noticed Bitcoin reaching 30k. Now maybe the price has dropped to 27k but expect the price to go up to $40k.Everyone is expecting BTC to pump massively and they have predicted that people are starting to feel it from this year. As you say for sure that the market will not pump, your prediction may not be correct.The Bitcoin market is always uncertain, but looking at some portfolios in the Bitcoin market we can expect that we will reach a bull market this year.You will understand if you analyze properly

There is no doubt that Bitcoin has gone from 16k to 30k, but this journey has spanned more than 400 days,but according to experts, if Bitcoin reaches the support of twenty five thousand five hundred, then it is a strong support.From here if bitcoin takes bonus back it will easily reach between $35k  to $40k.

The possibility of falling below $25k is very less.Bitcoin come back to $25k can be a good move to make a long jump.Bitcoin is likely to go higher from here,because if you look at the previous record, there are always two mini-Alt seasons.one season we have seen and the second one is yet to come.After the second season, Bitcoin may retest once again and move closer to twenty thousand.

What you are saying concerning the price of bitcoin is not true, there have been an increase of value in bitcoin some weeks ago , try and make research before you drop things like this to the public. You can't say their won't be value to the price of bitcoin because you can't predict the price of bitcoin. Last year we all experienced the bear market that the price was down upto $17 but recently their have been a good increase in bitcoin and I think we are getting into the bull season as we can see increase of value in the market. Op it will be nice for you to go back to see where the market is coming from.

I think the condition of Bitcoin is not looking any better in the current situation,but Bitcoin halving period will start in April 2024 next year,but it is not even the case that the price of Bitcoin will start increasing from the day of halving.rather, there is movement within the market long before that.Now we have to figure out how many days we have before the halving Whether the market goes down or up, we should prepare for the bull season from here.According to analysts, Bitcoin may begin its bull season slowly from here.

If someone wants to take crypto from here, then start taking their crypto from here.Because if we look at the previous record of bitcoin, it has always seen such a situation before halving and after that bitcoin started its journey towards bull season.So I think there is no need to worry too much.

I'm also optimistic that the price will increase again this year, even though that hasn't reached the last ATH yet or even the newest ATH.
It was only a matter of time before Bitcoin started getting bigger pumps and being able to go up to higher prices.
This is like another test for us in holding Bitcoin; only those who can hold Bitcoin will get that big advantage.
The market price will show signs of increasing and we should be more prepared to wait for it so we can determine what we should do.
And right now, we should stay focused on accumulating Bitcoin because if a pump comes straight to the market later, we will miss the best moment to buy at low prices again.

What are you saying based on what happened in 2019? I also believe bitcoin will soon hit $35k or more, and then there will be a sharp correction below $20k once again. I remember bitcoin in 2019 also recovered and crossed $12k, but then corrected back to $4k in 2020 before the halving.
I still have a feeling history will repeat itself in this cycle, and if it is, we still have a big sale, and that's an opportunity for those who missed the $16k price point last year. But it would be wiser with DCA instead of waiting, bitcoin is still unpredictable, and there is no guarantee that history will repeat itself.

It was just an estimation that it might happen from the period of April or May 2024. It happens every 210k blocks and currently, we're around 789k blocks already. So everything is just an estimation now on when exactly will the 840,000th block will be mined.

Nothing to worry about. We're just 12 months away from it and when we're going near to the halving. It's either the signs bein shown before it are always positive and then the rest of the next year is taking the bulls and the cycle goes off again.

We will not know with certainty (100% accuracy) in which direction the price movement will continue. But I noticed that in the last 2 years indeed in May there has always been a correction in the bitcoin price either because of big fud news or because of other things. So I'm not surprised that the current bitcoin price is experiencing a correction. But we also need to know that there is always a correction before a big increase occurs. So be prepared.

I personally am still in accumulation mode so the dips still make me smile because I can buy from any corrections that occur. But I see that the current Accumulation phase seems to be the phase that is almost at the end before the increase based on Wyckoff Accumulation. Please match the current bitcoin chart with the following Wyckoff Accumulation pattern. where is our position (use the daily candle time frame)

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQqzxLysVbpw6RJYx_zjFRW0X9kfGaXdJj030HYOLiEScPMw3Jw8u2t4gY&s=10
Sourch: School.stockcharts.com (https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method)

Bitcoins price will only increase, if more people try to accumulate it. In simpler words, if the buy orders are more than the sell orders, then only the price will rise. The demand of the coin needs to be increased and hence in order to fulfil the demand, the price will go up. Currently due to the high transaction fees, Bitcoins have suffered in price. Once the things get back to normal, BTC again gonna climb up in price. Let’s not think of anything bad now and let’s hope for the best.

It seems like you're not understand about the volatility is, if Bitcoin price can increase, it can decrease too. It's not always the price always rising and at the same time the price isn't always declining. The price is still stable around $25K-$30K and I think it will keep like that until the end of this year.

If you said no guarantee the history repeat itself, what's the point of DCA-ing in the first place as you expect Bitcoin will not create new ATH on the upcoming bull run season.

I don't think Bitcoin has had such a heavy draw this year even though it's almost halved this year. Because if we look at it from the government's fiscal point of view, I think there are already several governments from several countries that have started to see Bitcoin as an asset that is as important as crude oil, gas, gold and diamonds so that Bitcoin is still uncertain to become Stuart this year.

Bitcoin still looks far from increasing in price as soon as possible, but that doesn't mean it can't happen this year because a significant increase can occur when a large number of Bitcoin buyers are still in the market for this year despite the general increase in the price of Bitcoin in this year still can not exceed the price of crude oil, gas, gold and diamonds.

If bitcoin price depends on supply and demand, as you are saying, then predicting bitcoin price will not be so difficult and unpredictable. In addition to depending on supply and demand, bitcoin is also manipulated by many different forces in the market, making the bitcoin price almost unpredictable. Even if bitcoin has more buyers, there is no guarantee the price will increase, it all depends on the market makers.

I also don't think the recent drop is due to high transaction fees, there is some news, like the US government selling 9kbitcoin or Binance stopping operations in the Canadian market, that could be the cause. But I don't mind because market ups and downs are normal.

Many people think that bitcoin is an instant way to success and wealth, it's only natural if someone tells a story of success when selling a car or house to invest in bitcoin and then there is a fantastic increase so that they get profits of up to hundreds of percent in less than a year, but we must know that many people who are stressed about losing their car or house to buy bitcoins as the price keeps dropping.

Following this logic, Bitcoin price will always rise, due to limited emission, that is why the demand will always be higher that supply. Over time, this gap will only increase, as there will be fewer Bitcoins in the public domain. But if all of this works just so simply, then why do we have such rapid market fluctuations? And more importantly, why don’t every crypto project just didn’t do the limited emission of their coins in order for them to only rise?

The question is, who has such an opinion now? And I just think that it's only you who have thoughts like that, not anyone else. Because what I see is that everyone always considers the risks before investing and I rarely find people who are willing to sell their cars and houses when they want to invest. Because they know that they have to work hard to get cars and houses, so they won't immediately sell them for investment capital if they can do it in a better way.

What you should note is that, Bitcoin price is an unpredictable things and since bitcon is a highly volatile assets its then mean gou saying that the leuce of Bitcoin will not rise this year may be an over exaggerated statement and their is no reality to that in any ways.

We can be sure that most od the speculatores have made similar attempts to presicts the directions the price of bitcoin will go, but then also, bitcoin always make it own unque movement  and as vulnerable as bitcoin in this moment we can still be rest assured that that bitcoin always mak if on mark at any time.

Since Bitcoin is not a legal tender in many countries it will be difficult for Bitcoin to become mainstream traction .

It may be true, at least that bitcoin price underwent a major correction in May for 3 years in a row since 2021, 2022, and 2023. But I'm not too sure that May 2023 will close with the first red candle since market recovery happened, from January to April 2023. I mean there is a possibility about the 5th green candle at the close of May if the price recovery phase has not stopped.

Also, expecting bitcoin to always be good may be a weak assumption because a price correction is always possible. The market can move in any direction regardless of how the trend is going. But one thing, we have to be prepared for whatever the market situation is and accumulate it if you want to hold bitcoin for the long term.

Good job, that's great at all.

Actually, this thought is not wrong because, looking at history, many people have succeeded in selling their bitcoins at peak prices. It makes people want to get it too, so they immediately buy bitcoins without analyzing. But unfortunately, it's not what they expected because in investing in bitcoin, they must have the patience to wait for the price to increase before they can sell the bitcoin. If the bitcoin price can increase quickly, that's great and they managed to make a profit. But if the bitcoin price can't increase in a short time, they have to keep holding it, which is what many people can't do.

I think what you are saying is total BS! Sorry to say but what is the point of this assumptions? I call them assumptions because you have  made some claims without any reference. Since you are pushing the narrative that the value of bitcoins will not rise soon, is it your intentions to discourage people from continuing to keep the bitcoins that they have been keeping since? No newbie to cryptocurrency should pay attention to this because the market still remains highly unpredictable and certainly not predictions made based on some few events.

As we have seen from the past months so there was an increase in the price of bitcoin, if some down movements happens so it also recovers back to higher cost so I always says that we cannot predict the exact value or movement of price for the future. There will be always negative or positive consequences as we know that this is the key characteristics of bitcoin but we still cannot ignore the success of bitcoin.

It is necessary to just be conscious about your next step according to the conditions because everything can happen in future so ready for upcoming step is necessary. There is a slight changes in price towards negative direction but we cannot thing that it will go more down because better hopes and patience can makes you happy.

You do not have to take care of your position based on what you think about to happen, which we call long term investment. I keep promoting this all the time nad yet some people are still very against it and I have no idea why, like why would you want to be against something that will make you so much money to begin with? I personally believe that if you buy bitcoin whenever you have the money for it, and keep doing more and more purchases on top of that and keep doing that for many years, then you should be doing alright. I get that it may not look like the ideal situation at times because the price drops, but we all know that it recovers anyway so there is really no reason to be worried about it anyway, just be happy that it dropped so you could buy more.

No, you can never assume that it all happens because of that index tool, you still have to think that none of these market charts tells the right position of the market in the future, and you are talking about this year? Because this stuff (price index) is just showing what is currently happening in the market and of the previous days, but not what will happen in the incoming days.
If you can just think in a few minutes, people never believe that Bitcoin will be able to reach the current level. It happens so many times and so nobody could tell what really happen to Bitcoin this year, maybe if we are predicting tomorrow or next week, we can possibly be right, but as we are predicting this year, that seems impossible.

Still quite positive for BTC movement in 2023 if we look at it in balance.   Place the 50 week and 200 week (https://talkimg.com/images/2023/06/12/ANLQD.png) as the tipping point or pivotal boundary, first part of this year we had recovery and a rise above both these measures which could have been viewed as something of a ceiling to BTC's progress.
https://talkimg.com/images/2023/06/12/ANLQD.png
  Now we have fallen back some but remain above these moving averages, more negative then the peaks but more positive then prior to the recovery of this year.   Overall we have to conclude BTC is quite positive overall still.

If the price of bitcoin does not increase soon, long term investment gives good profit. Bitcoin's closest competitors include Ethereum, Binance. This competition in cryptocurrencies is good for investors it cannot skyrocket in value. Bitcoin has an opportunity to stay ahead of its rival currencies. As the volume of bitcoin sold in the market increases, the price decreases. And as more institutions adopt bitcoin as a means of investment and exchange, its price rises. The future is hard to make, so you have to wait patiently.

The year is looking very bullish already, Bitcoin has pump from $14,500 to cross a price of $30,500. The price is struggling to retest $30,000 but it's just a matter of time before we cross that price again.

The market is very bullish this year as people are accumulating Bitcoin because of the halving of Bitcoin that's coming next year 2024. The price of Bitcoin will rise very soon when people begin to understand the disadvantage of selling their Bitcoin at this point.

If Bitcoin can closed above $40,000 before the year ends or by the bed if the year then we can conclude that this was a bullish year for Bitcoin.

It is not entirely true that this year the price of bitcoin will definitely not increase.
Repeatedly at every opportunity we often hear that going up and down is a normal thing to happen.

The situation from May to today's Bitcoin price is indeed experiencing a decline from $ 30k.
You don't need to worry if the index movement says that this year it won't go up, but you have to think about what will happen with the current total supply which has reached around 92%.
How much have we saved Bitcoin when Bitcoin experienced scarcity.

People are mostly bullish about the long term, the short-term outcome doesn't seem too promising as we can see the market is in decline mode at the moment. $22k looks like a more reasonable target right now than $35k since it is in a downtrend and there is no strong support for it to stop it and make it go up again that soon.

Bitcoin or the market wouldn't pump only because people are predicting it will pump, it needs buying pressure and we are not getting that at the moment, maybe because everyone wants it to drop more so that they can buy cheaper.

Why do you think it is $22K? which is more reasonable target? As I can see on a 3-hour and a 4-hour charts using order blocks the range 2$5,5K-$26K and then $23K-$24K look pretty supported, a lot of buy orders are placed there. Do you think we can break through them and go down as much as $22K? I don't claim that is not possible, but I guess we have to hear a lot of serious news playing against the crypto market. The situation in the financial world at the moment as a whole is not very bright, but so far it has had a rather beneficial effect on the crypto market, especially when compared with the stock market and the banking sector.

I'm sure bitcoin investors don't care if the bitcoin price doesn't go up soon because that means they have a rather long time to keep buying bitcoin at the current price. And even though later the price of bitcoin can reach $ 30k-$ 40k, they will probably still buy bitcoins because they know how long term the potential of bitcoin is.

And when more institutions adopt bitcoin it means more support will come to bitcoin, which could trigger its price to go up soon. And if that happens, the investors who have accumulated a lot of bitcoins will take the biggest profits because they have managed to buy bitcoins at low prices.
And that is why, as investors, we must have patience in waiting for market conditions to change for the better.

I'm one of them, I'm waiting for bitcoin to drop more to buy. Honestly, I'm not happy to see bitcoin go up in price so quickly and cross the $30k mark, like many here. I am a long term holder, I prefer a prolonged bear market to a bull market, then I have plenty of time to accumulate bitcoins cheaply. I believe that, sooner or later, the bulls will come, no one can stop them, so we don't need to wait every day but focus on accumulating.

Why don't you read everything I wrote? I'm comparing 2019 and 2023 history to find the right time to buy bitcoin, I didn't mention that ATH won't happen. But even if the 4-year history does not repeat, there will be no ATH after the halving, are you worried? As for me, I wouldn't be surprised. When things get too predictable, everyone expects ATH after the halving, and if that happens, everyone will get rich easily. So who will buy bitcoin for $100k for us to take profit? Sooner or later, the market will change the rules of the game.

I don't think that the high transaction fees are the only reason why people are not accumulating Bitcoins at the moment, since fees are high only for on-chain transactions and there are no such fees when you are buying on an exchange. The reason is more price-related, people are waiting for a better price since everyone can see Bitcoin is dipping even more.

Once it reaches about $22k or $20k maybe, that is when the accumulation phase will start and everyone will start investing, and since that will build buying pressure, the price will surely start moving up from there.

If we look at the price chart, it will be seen that the increase has been very slow, only a few times a year the price can increase by more than 10% in a day, and March is the first record this year because prices can increase by more than 20% in a day. of course this is a good consideration for us if we want to invest in bitcoin and don't ever think of getting rich immediately after buying bitcoin.

Correct. Well up and down movements (fluctuations) are normal in Bitcoin. And sometimes a correction is needed to establish a firmer foothold on the way to higher gains. And the current direction of bitcoin is still in accordance with the Accumulation Schematic pattern: Wyckoff Events and Phases. And today there is also a positive movement, or more precisely every day Bitcoin continues to try to make a positive trend by making several test increases.

And when it comes to long-term investments, small-scale movements like this sometimes don't get much attention. Especially if it's still in accumulation mode. So staying focused on DCA is what I still do too.

And as you said. I also think the same about the possibility of May closing with a green candle for this year. different from previous years which always closed with a red candle. At least I keep track of bitcoin movement because I trade daily on altcoins. So if we already know which way bitcoin is moving, it will be easier to make an analysis of altcoin movements.

Actually everyone wants to be rich by what they do in this world, but if buying Bitcoins is just to trade the market, obviously there is no need to think about getting rich in the near future because it always takes time for everyone in terms of the process. But if those who buy and keep it as a long-term future investment, I think they are more worthy of becoming rich after being patient for a long time, although this is also not without luck.

You can not predict the price or the increment of bitcoin, bitcoin price doesn't remain constant it always fluctuates, and secondly you can't compare bitcoin with crude oil because bitcoin just come into existence,  if I'm not mistaken bitcoin come into existence in 2009 and this year is making bitcoin up to fourteen [14] good year's for existence while crude oil has been into existence for years,  so bitcoin get increase due to the demands and the demands is what makes bitcoin to increase, I have specifically understand the level of bitcoin increment and understanding of bitcoin as well, what I noticed concerning bitcoin is that it rises unexpectedly due to the level of the demands that come across its part,  many people who do not understand that rising of bitcoin is determined by investors and adoption, and only a positive news or information can as well Changes the narrative of bitcoin within a short time, what I understand concerning increment is the adoption, when investors is lesser for bitcoin the price becomes less.

If someone is actually waiting for the price of bitcoin to go that low then I would say it is quite likely they will end disappointed, as 20k is a price that is simply too low if you ask me, and while anything can happen in this market I do not see the bears taking control of the market in such manner that people once again get so fearful the price ends up dropping to such low levels, 25k or 24k seems like the worst it can happen and at least for now it seems the price of bitcoin will not even reach those levels as we have seen a small recovery during the last days.

To begin with, I totally disagree with what you said, Bitcoin’s price has increased remarkably in the beginning of this year, it went from $16K in January to $24K in February and then it reached $30K in previous month. To be honest, it was a solid growth despite the global inflation and government’s attempts to break the market. Additionally , I truly admit the Bitcoin’s current condition of Bitcoin and broadly the market is rough and we have not seen a strong bull market for long time. However, we must adapt ourselves in every new situation and deal with it smartly. Plus, Bitcoin will obviously rise significantly in the near future. Unfortunately, we are not able to speculate the price accurately but it will definitely be achieved during this year.

Slow but steady, that's to be expected instead of gaining 10% one day but losing another 10% the next day.

The price recovery after the correction has been gradual and this is important to maintain investors' confidence in the long term. The halving is getting closer, we will find it in 2024 and I hope a lot of people will push for more increase in the price. Be prepared for the future, the potential for bitcoin to hit ATH is huge and you should start now.

People wanted to become rich but only a few people are also willing to hold long-term while the majority got influenced by FUDs and emotions.
Well, I would admit I'm not like those people who hold for many years but I'm not also like those people who think I'll become rich from investing in Bitcoin because I was already contented with what I get from them. I would say it was just a small profit but I can't afford to risk and hold more because even though we think that Bitcoin has a bright future, still it never gives us 100% assurance that it stay valuable forever.

They will not realize and recognize that. All they think is that the highest that we've seen for Bitcoin for this quarter is $29k and everything that goes under that is low.
That's the standard that they're setting and they don't think that the movement Bitcoin has made is still in good terms because all they want is a higher price.
When Bitcoin has come from its lowest and now is plummeting after reaching in close to $30k, that's not really a plummet that people should be wary about. It's retest and that's basically a normal thing to be seen when Bitcoin goes like that.

Bitcoin's marketcap currently reaches around $530 billion and of course with a very large marketcap it takes a lot of capital to be able to pump, moreover many people are afraid of another bear market so when they feel they are getting at least 7% profit they prefer to sell making it difficult to price go on.

Most of us are not looking for price increasing what we have in the 2021 pump but at least to maintain the value half of that as we have seen so much pump in the beginning of 2023 and yes with the recent 30k breaking there are lights that this will be the maintaining position before the 2024 bull.
thats too low about what we gather last ATH , but I am proud that i have chance now to buy more while the price is cheap and hot.

Currently the price is around $27k and it looks difficult to go up any higher, daily volume is also decreasing which is usually more than $30 billion per day now it's only around $12 billion, maybe many investors choose to hold and wait because they see market conditions that are still difficult, The economic recession is also the reason that people are afraid to invest in high-risk types like bitcoin.

I also believe that the price of Bitcoin will not increase this year considering that investors are still not confident enough to determine their positions. Unless there is positive news which can be strong enough to push Bitcoin's position, only that can change Bitcoin's current position and maybe it will push it beyond its resistance point at $ 30K USD. Apart from that I am quite skeptical that the price of Bitcoin will increase this year.

Price will not increase this year? We went from $16k to $30k in just the first 3 months of the year, and that's a very rapid increase when we're in bear season. If someone knows how to take advantage of the opportunity, they will double their profits in a short time. So don't say the price won't go up, on the contrary, it has been profitable for many people.

We all know that new ATH will only be created after the halving, so expecting an ATH or higher is too hard for bitcoin this year. Not to mention the precarious economic situation, and that will only make it harder for the market, so don't be too greedy to expect a new or higher ATH price this year.

For the cryptocurrency market, 7% is almost imperceptible price fluctuation. Sometimes it happens that the price can change much more in one day. I think investors want to earn much more. It's normal for traders to make 7% profit on the stock market, but on crypto people are used to different numbers.

Op needs a lot to learn about price action in the charts, do you expect Bitcoin to skyrocket 🚀 just like that? If that happens we will fall back to 10k, that's not how the market works we need to keep maintaining this side ways price action for a long period of time and moreover, halving is not even up to a year again, that's where you should put your mind at, when halving is successful then need money will come into the market once again.

You will not want Bitcoin to pump right now if you are constantly accumulating Bitcoins. The dips should last longer so that I can accumulate as many satoshi as possible in my bitcoin wallet. In my opinion, long-term bear markets are very healthy for next bull markets. Based on how things are looking now, I see a similar pattern to that of 2015.

If you look at the historical charts you can clearly see that rises have started after downtrends and very abruptly too. In fact the 100% rise back in 2017 near the end of bull run only took place in 2-3 weeks. So saying that "half the year is gone so there is no way we can see a rise" is historically and fundamentally wrong.

As for the market, I don't see any major rises in near term because of the silly reasons stated in OP but because of the way global economy is. The recession is affecting bitcoin price and is the main preventing reason for the rise. Even though the effects of it is decreasing as time goes by because more people are still coming in than going out.

Bitcoin still have an important levels to claim before it can continue its move to the up side, levels like the $30k where it failed to break above several times. However base on the stress on the banking system I do think that Fed will not come out with more rates hykes in their next meeting in order to ease the pressure on the Banks which has caused some banks to collapse, and this will favour the price of Bitcoin, plus CPI and PPI data that will come out is another leading indicators that tells a lot on a possible market direction.

I don't know what time frame you would estimate for that, whether 7 days, 14 days, or 30 days. For the weekly TF, I think a small bounce can still be expected to test the $28k resistance, but I'm inclined to assume that May was a sideway month for bitcoin.

Even if my assumption is correct, then I don't think you need to worry more about it. Bitcoin's potential in the long term is still quite worth for you to hope, and you should be aware that the upcoming halving cycle in 2024 will drive more optimism here. Be patient and accumulate, if I can do it while the price is still low then you can too.

I do agree that it will test the 28k resistance again, it is not going to be simple but we had support at the same place and yet it went under, which means that if it can go under that easily then it can go above that easily as well. All we need is to want that to happen and if we can do that then we can make it work and I believe that we are going to end up with a better result.

The market recovering is not that hard, it is not impossible to happen and we just need to focus on what we can do. I know that it is going to end up being something easier to handle but that doesn't mean that we are going to end up with something amazing tomorrow, it is easy to go up, but first we need to see the market go up by people being hyped to buy again, and that part is hard to achieve.

Halving, don't you think that is one of the most positive news for bitcoin this year?
If you are an experienced market user then you may have noticed the impact halvings have on the bitcoin price.

You can expect bitcoin price this year to grow better as people will try to accumulate it as long as the price is low. Bitcoin is still very low for investment considerations, but it makes sense to manage risk with DCA strategy if you think a low price is still possible. $40k this year is very likely, but the market still needs to test some really strong resistance.

When one would sell is totally dependent on their mindset and how one sees Bitcoin in the long run, if you believe that Bitcoin might become worthless in the future, you won't be able to hold it for long since you have a fear deep inside, but if you believe that Bitcoin is here to stay and it won't die for centuries to come, you will surely hold on to your assets.

Those who sell in the way may get profit but those who hold for years or decades will see the actual outcome. There are people who invested a decade ago but never sold, they started moving their Bitcoins recently which has turned into millions of dollars from just cents back then.

At the moment I think BTC could rise however the pullback is not harsh as it could be.  I expected perhaps the February peak as a low now to be a good place to reset and set a foothold for any rise, our recent lows were in line with the 200 week average but that by itself is not a support level especially its just an indicator in summary.
  The Valentines day massacre point of 14th roughly was about 25234 where as I say there is lots of red after that which could be a point we now are finding in that it was accumulating higher volume then other points and still being important now in order books on exchanges etc.  If we take the ide of overshoot of any target then 24300 or so is where I see many weekly closing bars this year also last year and summere, which can be support found in amalgamation.

There is so much noise in the real world I mean the economic is not stable yet from the pandemic and then there is war that going on Ukraine and Russia and other things inflation and recession happen so much government things that made things doesn't work at the end.

If we look at the other investment like the Stock market it also hit hard because of recent event including the collapse of a couple of bank. This might drive the price bitcoin to fall and not rising yet

Bitcoin has a good start this year we saw it rise up to 30k$ again and if it will continue rising maybe we can see it at 35k$ to 45k$  soon, i know there's a lot of obstacles for bitcoin to rise up high there are negative news and there are also dumping, corrections, etc., But i believe that soon bitcoin will creat a new ATH higher than the last bull tun on year 2021.

Bitcoin is also a part of the world economy, so macroeconomic factors also play an important role in developing bitcoin. I also do not believe that bitcoin will recover and grow while the world economy is struggling with a mess. Second, history is not in favor of the bulls either, as the 4-year cycle still has a long way to go, and the halving hasn't happened yet...There is nothing in favor of the bulls at this point. Unless something unexpected happens because this market is still manipulated by market makers.

We are stuck in $26k last time and I think it's not long since we hit $27k so just be patience. Let's see if within this week we will rise to $28k or more. If not then that's the time I will say that the price is really struggling. There might be a reason with it. It can be the brc20 or bitcoin ordinal that they are talking about because this is also the reason on why the fees are sky rocketing lately and the network is congested.

If you are a rich investor, you won't mind the issue but you can continue your DCA while for the budget investors, they will surely wait for the storm to calm down because buying now is not a wise thing to do for them. They can end up paying more in the fee than on the bitcoins that they are going to get.

Buying or selling decisions would really be entirely be depending on a certain individual on which there are people who do have their own goals and targets towards their crypto holdings specially with Bitcoin.

We know that people isnt surprisingly do make out those kind of assumptions and speculations in mind about this and about that.Well, there's no way on knowing on what the future market would look
like and if you do see that price of bitcoin would not be rising anytime soon then it would be your decision whether you would be selling it or not or would be transferring into some altcoins.
If you do have that confidence on your Bitcoin investment then go ahead and accumulate because not all would really be having that kind of goal and this is where
success would really be that varying into each person because actions would be made would really be entirely be depending on someones decisions and risks taking.

Agreed and like your personal text Life is Gambling  ;D

According the nicehash https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00 the bitcoin is need one year to get halving and like the usual need another year to push till All time high
for now maybe there will be a mini bull run that happen on every year

Honestly, I don't quite get why people become so concerned when bitcoin isn't rising for some time. Even if they had invested and now they are in unrealised losses. In my opinion, you only should invest such ammonite of money that you are not afraid to lose. If you starting from this setup then holding till the time when gains will satisfy you is not an issue at all. From what I have experienced, people do more harm to their investments when they start to transfer one coin into another in case they don't see growth for some time. But can they really be sure that they will see that growth on another coin? I believe that if you had decided to buy and hold bitcoin, then you should stick to that plan. Periods of uncertainty and dips are inevitable. This should be understood and accepted by everyone who is on the verge of investing in bitcoin.

Maybe you rarely check bitcoins and I guess you definitely don't have bitcoins in your wallet at the moment, starting sometime in early January in 2023 and my advice is you should go to coinmarketcap to double check bitcoin prices.

Bitcoin is up 30% since the previous price drop and please tell us how you rate that index and other mistakes you can't conclude that bitcoin won't go up this year, speaking of price fluctuations you have to mention forecasts and predictions if you mention something in bitcoin, because there is always no accuracy in the predictions that we do.

Gold also had its lowest point in December but the trend is back up and vice versa with crude oil, gas and others. There are always periods of ups and downs whenever conditions hit and for me that's fine because it's directly related to supply and demand.

The market is like a miniature society that will have one person or another, you can't expect everyone to be the same or have the same mindset. If people hold bitcoin firmly and never sell or panic, there will be no trading in the market. If you want to take profits meaning that someone will buy your bitcoin at a high price, you will not be able to take profit if no one wants to buy at a high price. That's how financial markets work, so don't be surprised or confused by how many people panic when bitcoin fluctuates. The market is very tough, when they panic, that's our chance.

Sure, I understand that the market cannot be stable, it changes all the time and this is perfectly normal. I wasn't saying about fixed market/ What I meant is that there are two kinds of people on the market: the ones, who invest for the long term and the ones, who trades constantly, alternating buying and selling. I do not think that traders will abruptly stop making money on trading and move into the category of long-term investors, thus making the market dead. It is they who create these fluctuations, which are beneficial to many, because a huge number of people earn on price changes. I was talking about investors who buy with the prospect of holding for a long time and profiting from a significant increase in price. They should not worry about short-term and medium-term fluctuations.

Anyone can predict anything according to their minds including providing predictions of opportunities for the price of Bitcoin and other natural resource prices, but you have to find an answer, can all their predictions be on target?

Every time the price increases, a decrease will follow. Not long ago this happened to the price of Bitcoin which was at a price level below 20k. Many give estimates that to be at level 30k will be difficult. In fact Bitcoin was able to pass the price of 30k.
From the price below 20k and the current price, is that not an improvement?
Come on bro. Don't be an expert who immediately swallows other people's predictions without data that makes you able to digest.

Most of the recent researches ? Where did you get this info ? Because that is completely false. There are no REAL SIGNS of Bitcoin having a good run in May and more than this , there are no indicators that Bitcoin could have a great run in 2023 as well. Halv is still 1 year away and the fact that we are under 27k again , means that we could see Bitcoin in 20k this year before we transit into a full bull market.

Of course now is a difficult thing to see the price of rising in a short time, the number of people who speculate or daily trading makes the price easy for dumps, when there is an increase then they immediately sell because they think that prices will fall again, and in my opinion the best thing at this time is Hold in the long run.

The truth is that the price went up incredibly quickly after the bear market ended and now we are suffering the consequences, something that should not be that surprising as speculators were probably happy already with the profits they have gotten already and they decided to start to sell, so it is likely we are going to get stuck at the current levels for some time as it does not seems as if there is enough strength on the bulls to make the price to go up during the short term.

While it's true that the price of Bitcoin has experienced significant fluctuations in the past, it's challenging to make definitive predictions about its future performance. The cryptocurrency market is known for its cycles of ups and downs, and price movements can be influenced by a variety of factors both within and outside the crypto space.

I don't think it went very quickly, we are still in the bear market, but it was worst last year, we've seen the bottom around $15,500 when the FTX collapses last November and that is the lowest low already. And this 2023 bear market, it was just a recovery, nothing more.

Yeah, it could be that speculators have taken their profits already, but at what price? we are still around $27k-$28k and the highest we've reach is $31k? So for me the profit taking is already price in. What just happen now as why the price is not moving this month is because of the whole easy on the network congestion because of the BRC-20 drama that has taken it's toll on the market.

I think it depends on the market we dont know when is the exact date of the rising of the bitcoin price so bitcoin rising is really unknown, but for me it is already rising  from the very low price to  a very high price that reach up to 60k$ and back to 27k$ and etc., I dont think the rising of the price matters the most, the very important is how we act and how we responds what ever the situation is.

I do agree that it is doing better this year than last year, and we are seeing it just at the half of the year yet, we still have 6 more months to live and that means we are going to end up with something much better potentially. Doesn't mean it has to, but it could mean that we are going to end up with a better result eventually for sure, and when that happens we are going to be even happier about it.

We have seen nearly double of last years bottom, and we are going to see a lot higher this year before it ends, I believe that at least 40k will be possible, not right now but during Q4 it should be possible. Remember, most of the big increases happens during Q4 for some reason so we could have a great period during that time yet again.

No one can predict what the futures market will be like, so there is speculation about where the bitcoin price is going. However, these are just the conjectures of individuals and cannot be guaranteed to be completely true. So the decision is still up to you as to whether you will buy them and hold bitcoin assets at this point. It is still better to see and research carefully whether you accept risks and trade them or diversify investments into altcoins.

That is true. In another time to buy is now. Because now the price is still tender to accumulate more in the future bull time that is coming soon. Yes the price of bitcoin is unpredictable but it can be only speculate how it might be in the next few days to come. Even at that this year amount is preferable than previous own. And before this year will end, we are expecting a tangible result from the market. But the big market is next year to come.

Yep, now it's just a matter of time when it's time to say fast or not, it depends on each research, but apart from that, of course, we should also be happy with the current conditions, especially if it's showing good signs after a few quarters haven't worked out. well in the previous 2 years.
As for profit taking, it depends on yourself as an investor and it's not wrong to take it now because there is no prohibition for it as long as you are satisfied with the results, then take it, but if you really want to survive, no one regrets that too because we are just need time to recover.

We have been watching the market for a long. The price have grown good compared to the starting days of the year. This means there is growth, but it isn't that people are expecting. More price predictions comes forward and we need to consider those as the reference and have our own prediction. For now there is signs of stable move in the price of bitcoin. This is something that is predicted to happen in connection to the halving. So, it is time for everyone to get prepared for the upcoming years halving.

for to go New ATH this year Bitcoin in my opinion will not happen,
but going to a minimum of $ 50k can still happen, provided that the Bitcoin price is able to stay at this level or $ 25k,
according to price action, which was difficult a few years ago, it was the same as this,
so I can assume Bitcoin there is still hope in the next year, most importantly $ 50k for Bitcoin first.

I think the bitcoin price has been going up since the start of this year, the crypto market is starting to pick up from the market crash that happened in 2022. Overall market share increased by around 63.81%. Even the price of Bitcoin, has reached its highest level since June 2022 which touched $30,500 last month although then fell again below $30k even now the price of bitcoin is trading in the range of $26k-$27k. Therefore, I am sure that the Bitcoin market will hit again with a very positive performance this year.

I support the opinion that since the beginning of the year we have seen positive growth statistics for bitcoin. Yes, in recent weeks there has been a fairly noticeable flat and small pullbacks, but do not forget that just a few months ago, Bitcoin was about 16 thousand. What we saw in April, when the price rose to 31, is almost a 100% increase. I think every investor ends up evaluating the market based on their own entry and exit points anyway. And to say that we have not seen good moments since the beginning of this year would be a lie. Bitcoin has given and continues to give huge opportunities for earning, despite the fact that ROI is not as colossal as it was at the beginning of the existence of the asset.

Yes, bitcoin was trading around $16k in the mid-December 2022 to the first week of January 2023. Since then, the bitcoin price has been steadily recovering and is providing quite commensurate returns for its investors. True, maybe close to 100%, but I think 80% is good enough.


Of course it's true, bitcoin has brings holders worth it returns in the long term. Even if you are a holder in the last 5 months since January, then you have also got a good ROI so far. They lie about bitcoin's poor performance so far, maybe not knowing how the market works.

The fact that the price has increased so quickly since the beginning of this year is a good sign. Anyway, it shows that the economy and sanctions, as well as interest rate hikes, are not too heavy for bitcoin. Remember, there have been many companies and projects that went bankrupt, but it is not bad for the price to recover to 30k and then slowly decrease sideways in the range of 26–27k. Anything too fast is also good, so we have to adjust accordingly, but with this situation, I think the market will be better at the end of the year.

Yep. ATH mostly reaches after BTC halving, ideally everyone must understand that it is unlikely to happen this year. But it is difficult to predict the maximum or minimum price to achieve this year, we don't know what to happen in the next few months. However, since there is still a lot of time before the end of the year, it is very possible that the price will rise above $50k. I only expect that the sideways won't last a very long time and there is no huge dump anymore. If there is more positive news in the next months, we may reach $50k sooner.  :)

Bitcoin price is not fixed.  Its price fluctuates constantly but Bitcoin Halving 2020 Bitcoin Price Increases Overnight. And (Bitcoin price continues to rise sharply in 2021). According to this halving cycle, the price of Bitcoin may increase in 2024 but the price of Bitcoin will continue to increase until 2025.
It is currently 2023 so Bitcoin price will not continue to peak. However, some partial patterns of growth can be predicted, but Bitcoin may take a new form very soon. And by 2024-25 the price of Bitcoin may reach millions of dollars.

Things that make the price of bitcoin always volatile because it uses the concept of decentralization so that prices will be easy for dumps or pumps, sometimes price fluctuations in a day can happen unique. And in my opinion another factor is the impact of economic recession that makes many people afraid of investing in Cryptocurrencies which are high risk.

I think the economic recession makes people afraid to be in the Bank, not in cryptocurrency,
because if you look at the chart of Bitcoin in 2023 you will know that the uptrend from $ 16k to $ 30k is the answer,
that the economic recession is not a threat to investing in Bitcoin, rather it is an opportunity to invest in Bitcoin or crypto currency.

Bitcoin price probably won't peak in 2023, but saying it won't rise this year is completely false. The price went up from $17k to $30k in the past few months before a correction in May. If someone believes in bitcoin and buys it for 17k, they will get almost double the profit from bitcoin compared to the current price. It's ridiculous that OP says the bitcoin price doesn't increase.

Yes, the new ATH will likely arrive during the next bull season, possibly in 2025, but saying it will hit millions is an exaggeration. I don't even think it's going to cross $200k, let alone millions of dollars in bitcoin.

Definitely it's what we believe that bitcoin will rise again, the time or when this is coming is what we may not accurately predict, but have the feelings that just as it has always been from the past years, bitcoin get more on it peak during the halving and it attaining a new all time high, this will definitely come to pass again this coming year but not till then, we can't predict when exactly but our hope remains on bullrun because we've invested.

Only fool that will look for that very soon , why seek for bitcoin rising this fast when  we are certain that we need to wait for halving in the next coming years.
and also I don't want to expect better in 2023 aside from that 30k breaking , instead I will take this chance to buy more and more before what will come in 2024 and of course 2025.

I believe that both standpoints have the right to exist. It all depends on the strategy and capabilities of a particular investor. As I said above, each investor evaluates an asset by that ROI which he personally receives from his investments. And of course, the investor's resources play a huge role. Some people can't afford to wait after halving, they want a pretty quick return on investment, even if the percentage is lower. But this does not mean that such a strategy is worse than a long hold. After all, the time for which you get your money back + interest is also a factor worth great attention, and it must be taken into account when investing.

There is no need to blame the concept in terms of fluctuating prices because actually fluctuating is a very natural thing when there are lots of people trading in the market, especially Bitcoin. Because not everyone makes purchases on Bitcoin at the same time and also not everyone sells Bitcoin at the same time so that prices decrease and increase always occur which will always be adjusted by the market based on demand and supply prices.

Really agree with what you said because it is very clear that the increase in Bitcoin and cryptocurrency has really been seen this year even though the economic recession is still going on. And that means that there are many people who no longer rely on banks to save their money even though they still have to use banks in their lives because there are services that everyone still needs from banks. So the bank needs to make itself stronger in conditions of economic recession so that more customers don't run away from them.

Valid points mate and yes stand points are right to exist because there is no one way in every investments and also there are so much to expect either this year , next year or the 2025 (when bull run expected to take place)
but great attention depends for those who truly support crypto or those who hates that only seeks for instant earning .

well, you make it look bad. if you pay more attention, this is a normal thing of bitcoin when the price is high or low. this has been the case since the early days of bitcoin's popularity. actually, right now the price of bitcoin is quite high, but when you look at it from ATH, then you see that the price is very low.
however, we don't know the price of bitcoin will go up or down, but the price potential is still very high for the future, especially the halving that will occur.

which will come in 2024-2025 is of course still a mystery to all of us, whether the price will be bullish or not,
what is certain is that in 2023 we should always buy at low prices and hold until 2024-2025,
if it is bullish then we will be millionaire but if not would be a regret.

https://cryptoslate.com/wp-content/uploads/2023/03/ATS.jpg

If you already know maybe about where this is going I'm sure you will continue to collect it.  The picture above, there is an interesting dichotomy in the ongoing trend of Bitcoin accumulation, where the largest whales with holdings above 10K BTC continue to accumulate aggressively, while other groups of traders experience a significant distribution.

I think Impact could have some interesting implications. Namely aggressive accumulation by the biggest whales may indicate their confidence in the long term value of Bitcoin. This can give a positive signal to the market, increase investor confidence and encourage further interest in this crypto asset.

I'm pretty sure it is like you have said. The only question is when these consequences will become so significant that they will affect both the cost of Bitcoin and the market as a whole. Whales may accumulate now as they are satisfied with the price and see favorable conditions to buy the asset. But we do not know when they plan to realize the profit. And this is one of the main issues smaller investors and traders are facing.

And if it's a good prediction, honestly it's still very good to take the positives from the price that's going on right now in the market, Bitcoin is under $30k which is where we can stack up during this time, and using year-end predictions to no avail wrong, so maybe it's possible we'll see it later this year, whether for good or otherwise.

Yes, the price of bitcoin is not rising soon. Because Bitcoin price index movement is very slow. It's been around 30k for a long time now, it's never going to break 30k. It is currently priced at 27k and seeing the upswing in Bitcoin price we clearly understand that it will take more time to cross 30k. So the price of Bitcoin is not rising soon.

Holding bitcoin is a no-brainer, the price is still below $30k and this is a bargain.
I'm afraid next year we may not see prices below $30k again, so this will be a good opportunity to start entering gradually.

There are many reasons why next year could be different from now.
Of course, the halving will happen soon and the volume will increase even more.

ATH will be reached when the next bull run arrives.
This is everyone's hope and will certainly be a profit field for those who buy and hold from now on.

Exactly, although I have a feeling that at least at the end of the year, the price is still going to be very cheap and could consider be a bargain for us. But after that when we approach near halving, or the halving month, we might see some good price movement.

And then after months into the halving year, we will slowly see the price growing and in 2024 we might see $50k or even higher. Will continue to have a good bullish year and then the all time high. So this is still a very good chance to save and accumulate.

If anyone is a long-term investor, the longer the bear season lasts, the happier they will be because they have more time to accumulate bitcoin at cheap prices. So, bitcoin not increasing in price anytime soon is not a big deal for many people. But bear season can't last forever and I agree with you two that the chances of buying bitcoin under $30k are getting smaller and smaller as the halving approaches. If we don't take advantage of this moment, then when the bear season is over and the bull season comes, and we have another bear season, we won't have a chance to see bitcoin at $30k anymore. So, those who have not yet accumulated enough bitcoins for themselves should make the most of their time.

The difficulty of increasing Bitcoin during this month could be because there are still more sellers at the low price and fewer buyers at the much higher price. I think that is a very appropriate reason to say because when the sellers at low prices are still greater than the buyers at the moment, it will certainly make it difficult for Bitcoin prices to increase in the near future.

But the potential for an increase in the price of Bitcoin itself is still there and will never disappear in the market as long as people who believe in Bitcoin can continue to grow and have no doubts about continuing to own it in the future. I still believe that the price of $30K will pass even though it won't happen anytime soon, but it will definitely happen again to Bitcoin even if Bitcoin has to take a longer time to make that move.

People who panic too much won't do that.
They only hold in the short term and when the price looks bad and tends to go down, they start to sell in order to cut their losses.

Whereas it is an opportunity to start buying and accumulating for long-term accumulation.
It will be profitable to hold for the long term and sell at the highest target price until it is reached, which is a successful investment.

Collect and hold until the ATH is reached next year. It is likely that we will not see the current low prices again.
Everyone predicts bitcoin will reach ATH $100k and that is a target that can really be achieved when Bitcoin has enough volume with new investors or old investors starting to re-enter.

So just hold on and see what happens next year.
We are still at the beginning, and the bull market is about to start.

I mean it's cryptocurrency so there is always a possibility that the market price could be triggered and increase but probably it is just going to be a normal pump, a few percent, or could be around 30k$. To be honest, no one really thinks that the Bull Run is going to happen this year Most of the investors are just accumulating cryptocurrency at this time so that they could easily sell it on the Bull Run. If there is a time when there is a possibility for the market price to move it is probably going to be at the end of the year because most of the time at the end of the market price gets a lot of movement and skyrockets.

I'm really expecting the market price to skyrocket in 2025 or maybe 2024 if we are early, compared to the past month's Bitcoin adaptation was just huge, and even if some platforms Bitcoin and cryptocurrency are already adapted and used that just means that it could easily attract millions of users using their platform. We just need to HODL our investment in the long term because it is just way to risky to sell your investment in just a small amount of time because you're just gonna end up losing in the market.

The market has been in correction phase since the last ATH, the phase might continue for the next few months. It is certain that the market will bounce back next year after BTC halving.

No one is saying that bitcoin won't break $30k but it clearly won't happen soon and I even doubt it can't break $30k before the end of the year.  if I remember correctly, people always say that bitcoin will soon increase, not decrease, because the halving is approaching and people are actively buying bitcoin.  but what is happening is not like what people say and I just guess that there is some force that is holding back the price of bitcoin.  they want us to get discouraged and sell bitcoins at low prices so we need to be more patient when things don't go as we expected.

Yes that's right, Bitcoin is now experiencing a price correction phase at around $25k, if I look at the formation that is happening, the price support is now almost touching the support two months ago and this is the third support in the current year and if the price now drops more than $24k well in my opinionbitcoin will be quite long in this correction phase because the lowest price a few months ago has been broken. In my opinion we are only counting the next few days to determine the price reversal or even further down, because now is the decisive position.

Honestly, this is a very good opportunity for us to buy more, take advantage of the support and correction that is happening now, because so far the overall data history still indicates bullish. So if you want to buy now please but use safe money or that will not be disturbed by other needs so that you remain calm when facing surprising price fluctuations. But on the other hand I think 80% in the next two months it will go back up, we'll see.

No one knows exactly when the market will recover. But as for BTC, after the last bottom at 15k this showed a nice doubling and now we can say correction. Halving 100% was the best moment for bitcoin growth, but it is unknown if the next halving will be like that. Maybe the growth will start next year, maybe the year after. But the bearish cycle in the market has been going on for a long time. Hopefully that will change soon.

Bitcoin is a new thing, people are still confused about what instrument to categorize Bitcoin into, that's why many countries include Bitcoin in the virtual commodity category and it will never be the same as gold, oil or whatever you call it.

Bitcoin price movements occur because of market demand and there is little government intervention, but for commodities such as gold and oil, government interference or the politics of a country really influences it, for example when Russia and Ukraine started a war, gas and oil prices rose high because of politics, it really affects the price but unlike Bitcoin, Bitcoin is a decentralized asset which means it is almost impossible to manipulate it, regarding price volatility, that is the natural nature of Bitcoin, not due to manipulation by goverments or companies.

Rising or not then better get used to it and be prepared on whatever market condition you would really be able to experience on this market.It would really be depending on how it would be moving.
Rising or falling then this is something that you would be commonly that you would need to deal with. Bare in mind that a market cant be called a market if it wont really be having that rising and falling
kind of behavior when it comes to price. It is really just that there are really moments or times that it would really be moving out sideways on long time period.

This is why it cant really be that avoided that people would really be having that kind of impression that it is really that it might the market might wont be making some huge rise ever once again.
Well, its a common approach and even myself when im still a newbie on which i do already have those doubts when it comes to this matter.
Trust and confidence? It would really be a main issue for most people because we cant really be that having that optimistic approach on everything.

Those sellers, who sell at low prices like now have to be very sure that the price will drop even more significantly. As for me, this is quite a risky game, because we are standing at a doorstep of a bull market and nobody can have confidence that bitcoin will decline one more tome before rising. I think it would be more wise to accumulate right now that sell, even if it brings you some profit in a short term. Because the current price is sill very tempting and it can be a good investment for the time after halving.

Its seems difficult for bitcoin break on $30k after many time going dump drastically with bad news, many people or investor are holding their bitcoin assets but can't against with whale make FUD with publishing they sold bitcoin. Last few week when have news about Elon Musk and Tesla company selling their bitcoin assets price drop drastically and bitcoin keep stable around $26k right now.
Not all bitcoin investors don't force panic moment when getting FUD or bad news, they will sell bitcoin although in lower price without think what happen advantage taking by some people make FUD and will get chance to buy back bitcoin in lower price. Hope in short time Bitcoin will back above $30k and make stable on higher price without any investor are panic for selling when whales make FUD.

There is no way one can predict what price bitcoin will take in coming days as it's fully volatile. See last 14 days of bitcoin, it was stable in start then went down, went up and went down to 26k again. The price of Bitcoin is stable at 26k but still we are not sure whether it will remain stable here or go down from here. Its best to keep your nerves strong right now and just HODL what you have. If possible, try to accumulate bitcoin at current price.

Well at this point it's only proper that we actually try to accumulate more because of the price ratio when we buy, it's very clear that bitcoin price is the last thing anybody can predict and I don't intend to even speculate any longer because the more you calculate and wait for the price to reach a specific target the more suprised you wil get because the price is always fluctuating and instead of putting my energy on trying to get the exact figure, I would rather just buy and hold strong knowing fully well the price is going to boom in the nearest future even if it's not now.

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

You are right since he predicted that the chances of Bitcoin going up are slim and that is what happened Bitcoin is trading back to $25k instead of going up. There are still more concerns that the price of Bitcoin may fall to $22k. Although many predicted that Bitcoin could reach $40,000, all their predictions turned out to be wrong and the price of Bitcoin went down instead of up. It is true that volatility in the Bitcoin market is unpredictable because if the price of Bitcoin falls by 5%, other coins in the market fall by 15 to 20%. Good and bad news have a huge impact on the price of Bitcoin and often the price of Bitcoin rises after good news. Global news always affects the cryptocurrency market. You are right that day trading is looking difficult in current conditions and risk of loss is increasing. Spot trading also requires careful entry because the market is not reliable. Most people wait for the market to fall to get a good entry.

That $15k was the assumed bottom that we're waiting for before Bitcoin takes off again to a better price. And from there as the basis, we can say that it has recovered but this isn't enough recovery because what we want is the recovery that should be from the ATH on 2021.

I am expecting all the best for the halving. We can hope for that as the cycle always gets to show us on how it looks every post halving.

where did you get that stupid idea that the index can tell the the price will not rise?

lol is that your only perception ?

if you are calling soon to be this year then you are correct, but the correlation of the price will be verdict
in the coming bull market in which being said to happen net year and that is the moment you need to check
and of course must be also ready.

During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH.

This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment.

The prediction of market movement is correct. The market price is decreasing gradually, and the same could continue till the days of halving. The price have come close to $25000 at the lowest in recent months. This is something expected, but there are chances of sudden rise in the price whenever there happens positive news associated with cryptocurrency. However soon after the incident the heat dropped and the price had gradually come down when expected for a massive push crossing $30k.

Bitcoin can bounce back next month or this month, nobody knows the exact time but all we know is that it must come up ones again maybe this time around it won't cause so much panic in the market.
This is not the first time when Bitcoin seems to put investors under pressure, before the last rally Bitcoin had seen a major fall and gone below $26k where it was trading at three-months low. 
Click Here (https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-prediction/)

This month of September I'm not anticipating any big price movement because historically September is not that favorable month for the price of Bitcoin and when it comes to its performance, plus the fact that the previous month closed bearish, the price may remain bearish until the month end but we may likely see more price recovery from October and November.

In bitcoin price I know quite well that each speculation and predictions of bitcoin is under assumption, so therefore bitcoin price is something we know that the price can increase today and get devalued tomorrow so therefore am of the opinion that we should depends on our ways of understanding bitcoin process and bitcoin values in the market,  the rising of bitcoin is been determined by the market situation or market conditions and what prompts the increment and degradation of value of bitcoin is basically dependable on the gravity or force of the demands and supply of the market.

That's right, all the communities that will make predictions about Bitcoin right now are all making assumptions. Honestly, we will only get headaches if we use it with technical analysis.
https://i.ibb.co/0n1z7FJ/Trading-chart.png (https://ibb.co/D1mjJ8K) (https://imgbb.com/)
If we look at the current chart today, as we can see in this picture, the MA (moving average) line hardly intersects, so the resistance hardly moves, as if the wave is calm. It is very difficult to set up a buy or sell when that is the scenario on the chart graph.Imagine how many hours pass before there is a motion in the resistance, and then the movement is just a little. So, instead of monitoring, it's really better to just hold for now.

May be for right now the OP`s predictions is correct, however, the end of spring and summer showed us some episodes of a rise, and it was pretty significant. We cannot just close our eyes to this. Bitcoin price is unpredictable and all we can do is to compare with previous historical data. That is why everyone is expecting halving. Sure, we need  more that one good piece of news for this to happen.

Yes in late October we always see the Bitcoin’s price goes up. So this time also it might be following the same pattern. Cannot say anything, but yes I too don’t have any expectations from September. If by any chance till October Bitcoins manages to cross 30k usd range, then definitely there will be full effort from Bitcoins to reach ATH price in 2024. Many Bitcoin investors including me have high expectations from Bitcoins. Let’s see where it goes.