Bitcoin Forum

It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price,  bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

What I think is that the price is going to continue to be boring, more or less the same, with small ups and downs until we have a rise to like $50K, like a mini-bull run, before the next halving, where the bull run proper will take place

This is simply what I think and better if you can imagine me sipping a pint of beer with one hand and the other elbow resting on the pub bar as I say it.

Something like this has happened on previous occasions, which is no guarantee it will happen this time but it's all we have to go on.

I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I am also pitching my thoughts here too. With the increasing inflation and the hiking of interest rates which only signifies one thing which is the recession I think the demand for bitcoin would certainly reduce. Also the negativity clouding the exchange’s failing to get align with the SEC is actually a thing to worry as I see it will only increase the FUD to mainly new investors and some would pull out.

Although I don’t see it hitting as low as 16k that happened last year due to the fact that we are only months to the halving season, many would still like to hang on to there funds till then. So if we don’t get any bad news more probably a big exchange been compromised or a huge decision that goes against bitcoin by the government I think we might end the year above 25k

There is a bitcoin price game going on here https://bitcointalk.org/index.php?topic=5455180.0 which you can see some different predictions. As for now, the price is some how stable in between 25k$ to 26k$ but before the end of the year we might see the increase of price to something like 35k$ to 40k$ before the halving and the bull then after the bull the price will be little bit down for like 3 months and rise again.

I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.

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I don't know, summer in the northern hemisphere has always seemed to me to be the time when most people go on annual vacations and don't care too much about investing or trading cryptocurrencies. Therefore, it seems to me that the summer could pass as a very boring period, unless something super positive happens, although I don't see what that could be. Maybe Joe will say something like "I love Bitcoin" considering that every now and then he has some genius statement :)

I don't really worry that news like the SEC or news about Mt.gox will affect the market much. I am more concerned about the economic situation because that will have a significant impact on the market. Inflation is falling and will continue to fall in the coming months, but keeping interest rates high by the Fed will actually push the economy into recession. About bitcoin price prediction, I still believe history will repeat itself, I mean, before having, there will still be another drop.

I think we can see a sharp drop to $20000 after a long time of boredom. If bitcoin did not get to $30000 this time as $25000 support was strong, the support may still later be broken once more and bitcoin go to $20000 again. It would likely be a price drop that will not be for long as some people have set limit order in such price and some people are waiting for it. If it happened, it may be the last time that bitcoin will ever go as low as $20000 ever again.

This year can not be like 2022 because 2022 was just like the the worst years like 2018. This year is mimicking 2019 already. People that invested in bitcoin in January of his year are still in profit, unlike last year that began with bear market, continued with bear market and ended with bear market.

I'm still waiting for the movement of Bitcoin while still buying Bitcoin at this time because the price is still low. I'm sure other investors will do the same as me because this is a great opportunity to accumulate more Bitcoins.

We don't want to miss the moment to get big profits again before or after the halving. We may still see the price of Bitcoin like this or maybe there will be an up and down movement that can make many unprepared people panic. So we have to anticipate not to panic and be able to buy Bitcoin at the right time.

Current market conditions look stagnant or sideways but it could be that in the next month, the new Bitcoin price will start to increase and return to the price of $ 30k. But whatever happens later, we should stay alert to use every moment for ourselves.

The price will completely depend on the market news and the people’s reaction to it. If we hear more negative news like the lawsuits against Binance and Coinbase, then definitely the price will go down more further, but if nothing comes up, then slowly the price will go up. Moreover the price of the coin can only cross 50k usd if more people buy more amount of Bitcoins and hence increase the demand to accumulate the Bitcoins. Let’s hope for the best.

Only partly true — this is different because it's BlackRock — the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied.

As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure.

It might be boring to say that sideways are the most likely during June and July, but I hope August shows something positive. Yes I expect a recovery around August to the end of the year, so the price will probably be above $30k in August.

Price swings are still very likely over the course of 2023, but I'm less likely to expect a big dump to hit the market. The SEC and a few other issues have had a negative impact on the market, but if the market is supported by institutional investors and a lot of large companies, then perhaps much more bullishness can be expected. I expect a lot of positives in the second half of 2023 especially when we are so close to the halving.

If we pay attention to the current state of the market, which is still very positive, Bitcoin continues to show strength and managed to pass through the mid-range level without experiencing a pullback. The uptrend that occurred today I think can continue until it reaches around 29.5k, where there is a gap on the CME chart. Well, after reaching that level, it is likely that there will be a decline in the short term. But interestingly, there are currently two groups of traders who differ in their actions towards Bitcoin. Retail traders tend to position themselves to sell (short) Bitcoin, while large traders accumulate more Bitcoin (BTC).


I think Bitcoin's medium-term trajectory cannot be solely determined by the approval or disapproval of a Bitcoin ETF. While ETF decisions can impact the market, we all know there are other factors that contribute to Bitcoin's price movement and that the market reaction to news and rumors can often be unrecognizable. predictable, and not always a direct cause-and-effect relationship between ETF decisions and price fluctuations.

Ok thank you for pointing me to that thread I have not taken notice of the prediction going on there but indeed upon a closer look at the thread I discovered that it is a bit different from what a Bitcoin speculation or analysis is.

In your price prediction and markets analysis,  you made an accurate speculation and also analyze the happening in and before the halving,  I am sure a lot of other speculators will predict a bull run after the bitcoin halving but also there is a possibility that the bull run may likely also come before the bitcoin halving event because we have a hard history of bull run few months before having.

From my perspective I'm seeing bitcoin like some that will continue rising with small margin and falling with same margin until this year runs out, I believe that we will experience a significant excitement in 2024, because this year market is fluctuating it never be a constant acceleration the way I'm seeing this year market in cryptocurrency.

If we're talking about about lows, what do you consider to be a low price?
Are these lows sub 15k? Only some youtube speculators still wait for it to happen.
Are these lows sub 20k? With enough bad news that's still possible, but not very likely.
Are these lows between 20 and 23k? That's more likely, but not concerning.

I don't care about the short term, and the future in 2024 looks bright. If blackrock's ETH gets approved in the next 3 months we might go to 40k in an instant. I don't expect new highs before the halving, but I'm sure we'll be at much higher prices at this time next year.

GeorgeJohn long time,  I agree with this your market speculation considering the way the market has reacted in the past few months of the year 2023 with a marginal market movement in both directions both ups and down the price of bitcoin have really reacted more stably and slowly despite the dip that faced the market in the previous year 2022.

There has been a lot of anticipation against the price of Bitcoin in the coming year since Bitcoin halves is also around that time and the reduction in the block rewards will really increase the value since there will be scarcity in the supply going forward from after 2024 halving.

Actually all our suggestions is assumptions and I believe that it mighty reach tomorrow cryptocurrency market changes to good instead of working on the capacity of my predictions or suggestions in the market,  I know quite well that cryptocurrency market changes because of information that come across neither negative or positive information it always work on information in a particular region.

I agree with you on the fact that speculation is based on individual assumptions and bitcoin have the capacity to make any price a reality within a short period of time and this is why Bitcoin price is not predictable because Bitcoin proved time without number of capacity to make a new price stamp that could change the direction of our speculations in any minute,  hours or days.

But all the same, with the assumption, comes a clue as to where and which direction to be looking out for in the coming days,  weeks and months even though we can't accurately state the obvious reality.

The last quarter will be interesting though, so short term for me, yeah could boring, but when we enter on what we call the "ber" months, fro September-December, we might see some growth along the way and it could push the price to highs of like $35k-$40k or even higher. And we all know that there will be a lot of FOMO at the end of the year, as we all know that bitcoin halving is 2024. And that's what the mindset of some, it's just like beating the red light and buying at a high price instead of doing DCA and buy at the current price that we have as it is still cheap.

It will always happen, we will see a significant rise as FOMO sets in by many investors who start getting in and don't want to miss the 2024 Halving Hype that will happen.

Though now is the right time to start DCA, May-June had a stronger drop but now it is still in the $26k+ price area.

Let's look at the Bitcoin Monthly Return table again. In the last 2 years, September-December has experienced more declines,
but in July and October, there was a slight increase and maybe this will be a trigger for Bitcoin to reach the $ 30k + price area so that ahead of the Halving the bull run market will be maximized.

https://www.talkimg.com/images/2023/05/12/datareturn8e4d7bd4dde1ea56.jpeg

The most bullish of bull runs are the ones that happen many months, even more than a year, after the halving. That is when the scarcity of new Bitcoin will be fully felt by the market. The supply can't anymore keep up with the demand. So for 2023, I don't expect a huge price change whether up or down. That's unless there is a really big thing to happen that would shake the entire market up. Without that, I think the price will continue to move sideways within the $20,000 and $30,000 level.

I know people are looking forward to the halving, and history proves it. But this year, we have some changes, we have never experienced a halving event in a crisis economy and severe inflation like today. So I think apart from the halving factor, we need to look at the macroeconomic factors as they also play a huge role in the development of the market. To me, as long as the world economy doesn't make any progress, it's hard to expect a bull market even after the halving happens.

I think, the price of Bitcoin will still decrease more than $20,000 before the end of next month to allow  those that missed the opportunity early this year to use the opportunity to buy and hold before the price will increase higher. Based on what is happening in the crypto market from the beginning of this year 2023, showed that there will be massive pumping that will make holders celebrate and dance away with their losses before the end of this year. I don't think, what happened last year 2022 will happen in this current year because there are some signs that is giving investors joy that bullish season is very near.

Bitcoin's short-mid term is mostly due to news like this, while long-term is mostly based on general demand — with all broader things considered.

And obviously I didn't state that the ETF decision is solely what's going to move the market.

We can have a mini bull before halving. The price starts to rise and then continues horizontally. This is my most optimistic guess as we don't know what the market news will be like. We may also experience a big bull before halving. The common point that we should focus on in all possibilities is this; we need to have bitcoin in our wallet or we will monitor the increase remotely.

Didn't Fidelity try the same thing a few years ago? If we look at data from the end of 2022, Fidelity has as many as $10 + trillion assets under management, while BlackRock has only $8.59 trillion. I agree that BlackRock has probably the best chance of being the first to launch the ETF spot, although there has been news that Fidelity will also enter the race, with its spot ETF and with the offer to take over Grayscale.

I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.

The year 2023 started on a good foot for bitcoin price which would have continued that way if not for the recession that's currently ravishing the world economy and the situation which has made bitcoin price to plummet creating doubt among bitcoin enthusiasts about the coming bull run  if it could still take place this year.

We are still in the middle of the year with a price of 26k+ I am optimistic about a positive end of 2023 for the price of bitcoin hitting above 40k before we get to 2024 because this recession and all other circumstances wouldn't be here for long.

Because a futures ETF is hugely different from a spot ETF. Not everyone is comfortable with futures/derivatives(obvs because of complexity) and more people are more comfortable with buying spot. And that is both for institutional and retail.

But anyway, time will tell.

I think this is the most important thing we should all be concerned with instead of short term price predictions.  bitcoin is unpredictable in the short and medium term, but in the long term, it has never let us down. but we will be disappointed if bitcoin really enters the bull season, but we don't have too many bitcoins in our wallet.  Therefore, I always focus on accumulating bitcoin whenever possible instead of predicting the price or waiting for more to drop to buy.

We cannot concluded on the last year experience about FTX exchange going down and other event that happened as the source of what determines the current price or the conditions of what we've experienced althrough the beginning of this year till now, what i see is the normal dip which will always set in prior to the bitcoin 2024 halving to gather enough strength to go against any resistive force on it way to bullrun.


There's more possibility to go more dip with this current market price for bitcoin but it may not last at all because we are going high anytime from this period henceforth, since we are going closer to the halving, am sure before this year runs out, we may be getting closer to $68,000 of the all time high.

Usually they will react at the end of the year because FOMO has always been their way of buying bitcoin because from the end of the year to the halving it will happen in a few months for sure investors will take the time to buy with their funds that have been prepared for the preparation that is approaching, I will not avoid FOMO because they will also feel how important it is to own bitcoin but maybe from now on it won't be done because they are waiting for the price to drop, but when there is a significant movement in bitcoin there will be FOMO.

Let's say from mid-June now to the end of the year I think they still have a chance for DCA at the best price in the market maybe still under $30K but other people always think differently in their view and when the price goes up a bit and there it will be panic buying in the end at a high price with this thing I think it's pretty common for them.

Whatever happens with the negative bitcoin news, I think 2023 is the right momentum to build on it since it's relatively low right now. And it's also good to do a DCA strategy because I don't really care about the negative news that is in bitcoin, because eventually the price of bitcoin will go back up in the long term.
and i think bitcoin price this year relatively down but not more than 20k and highs will be 30K or 33K and 2024 may be a good year for bitcoin.

This is my general take on the past couple of months at least. Long-term there has been a very orderly correction, short-term there has been recent optimism after some fear in the market. Without the SEC news or the ETF news, price would probably be exactly the same right now, just got there a little sooner potentially, or in a slightly different manner. These news events only end up accelerating the end destination imo.

Likewise there could have been no news what so ever in the past month and price could have performed exactly the same, with bears failing to break $25K previous resistance and therefore almost inevitably price moving back to the upside. I say almost inevitably as price has been in an uptrend for the past 6 months now, so the path of least resistance remains to the upside (unless the trend changes of course).

The best bitcoin accumulation phase will be 2022 and 2023, and I agree because the price of bitcoin is relatively lower. But anyway, I'm not too sure the accumulation phase is still good in 2024 especially after the halving. Bitcoin will probably be more expensive than now even though the price is still below the previous ATH.

If you fail to build up your investment portfolio during 2022 and 2023, then I believe you will truly regret it after the halving occurs in 2024. So far there is still a chance, but the ongoing recovery in bitcoin prices may mean you have to wait patiently for a low for the best entry.

Wow bitcoin is pumping, price breached $28,000 which is up over 8% in the last 24 hours. All these rumours about ETF applications, maybe somebody in the know has info & is front running it. Definitely need to keep an eye on this situation.

The next 24 hours are critical.

For now that's 7% in just 24 hours. Double digit in the past few days. I am as surprised and clueless as you as to why this sudden rise in the price.

But I don't think this has something to do with the celebrated BlackRock's ETF applications. That was filed days ago. Probably not about WisdomTree's application either or even the other applications. These ETF talks have been around for years. This isn't a big deal anymore.

Or are there some insider's information about the fate of these applications that leaked to some investors?

Maybe it's just another in a series of bear traps, and every positive news is always used to push the price to a level where the smart ones who recently filled their bags will dump everything and make a great profit. What was the reason that the price two months ago was over $30k?


Critical for what exactly? I don't see a single logical reason why it would make any sense, no ETF will be approved for months, there is a procedure that must be followed even if the SEC has a positive opinion at this moment (which apparently is not the case).

This week the price of bitcoin has risen by more than 21% and makes me optimistic that the bull run will happen soon, if before that many were pessimistic that the market would continue to be red then now is the time to continue buying, don't miss a short time because the market will soon be rising, remember that early In 2024 there will be a halving which will make prices skyrocket.

The movement of Bitcoin can go anyways nobody knows were the price will head, we can only be speculating as we're doing now and I'll have to side with those that believe the next steps is for Bitcoin to continue rising instead of falling as it did when the SEC lawsuit news came out.

This week Bitcoin price has risen so fast that it cross $30,000 in just few days, using the 1D chart you can see it rising from $24,800 to $30,800. It has been finding it difficult to keep rising and that's because we have a very strong resistance in the $30,000 price range.

The last time Bitcoin tried trading above $31,000 it wasn't successful as we saw previously when bitcoin reached that price back in March. I think this time around we'll be able to have enough momentum to pass the $31,000 price and keep increasing without Bitcoin retracing below $30,000 again.

Predicting with certainty whether the price of Bitcoin will experience further decline or further recovery in the future is very difficult because the cryptocurrency market tends to be highly volatile and difficult to predict. However, it seems that lately there has been a significant increase in demand so the price of Bitcoin has increased where it is currently back at $30k. Therefore, there is a possibility that the bitcoin price movement will continue and it is possible that at the end of this year, the bitcoin price has the potential to reach above $40k.

This is always a good indication that there is a considerable about of "money" waiting on the sidelines to jump in. They are just waiting for a positive signal to begin "panic buying" and shoot the price up like this in a very short time. In fact what we saw here with the jump to over $30k has always been a very common trend in bitcoin.

I still wouldn't jump into calling this a rising trend though. Because in a way we could categorize this as the continuation of the sideways market (between $25k and $30k). However, if the momentum stays strong and we see more rises to break $31k and $35k resistances and start eyeing $40k this could be a different story. But we'll have to wait and see...

Whether it's a coincidence or not, the FTX story that made the market excited at that time seemed as if the story that had happened to Binance recently had no effect on the market price which had moved up when Binance failed in several countries.
Suddenly the Bitcoin price chart has increased rapidly to reach the price level of $30K since yesterday and still has a chance to last for some time to come at least until the end of June amidst the doubts of many people.

The appearance of the green chart in the last week of June grows our enthusiasm and optimism, which is very confident that the price of Bitcoin will be able to penetrate the target we expect at the end of 2023.

Don't worry mate, many of us are used to the boring feeling. We know that it was part of the hodling game and we are mostly long-term investor here. There will be down times in the market but there will also be a time for a recovery. It was only not possible to know their exact dates. We are now in June but 2 months of waiting for a great recovery must be enough time already so why not?

Price swings are always there in each year. ATM, the presence of the bear is still there but maybe I can agree with you that it won't lead to a bigger dump just like the last time. Despite of the negative news, die-hard crypto fans are still there. This is the reason why the price is still holding strong.

Very positive action recently, has to be confirmed to be taken seriously but today has been a good price action day for BTC.   BTC has confirmed the 23.6% fib level for the ATH to the low last June.   In the last few hours we have held 29724 as a low and traded up to the current 30120.   If we continue do as much showing positives into daily bars and the weekly close on Sunday that would help the case for exceeding the prior highs of 2023 and building higher.
  I do think its a bit sudden, often volume must catch up with a wild price swing as we do need both to build properly and sustainably.   Anywhere above 200 week and 50 day has me far more optimistic then previously.

Bitcoin has been very bullish at the moment it has managed to breakout from $30k and is likely to survive and will continue its bullishness this month,
I have seen many predictions that June will be good, and yes it has been proven.
if this momentum continues then Q3 will be a bullish month for cryptocurrencies and Bitcoin will surely ease into $50k again.

In particular, we must aim to move forward. It is normal for the Bitcoin market to go lower and higher but we need to be above (near) the 2021 Bitcoin price before the market moves in a mini bullrun with little momentum.
Because a little Bullran can refresh our mind and intelligence. Because the price of Bitcoin has been trending downward for a long time, we will move forward with this bullrun to close the door to the future halving. And so the momentum of the bull market continues.

yes i also think it can go to 40k$ by the end of the year. but it is very difficult to know when the price of bitcoin increases and when it gets dumped. but when i invest in bitcoin the price of bitcoin is dumped a lot. again when bitcoins  Shortly after the sale, the price of Bitcoin began to rise.I don't understand that when I sell bitcoin price starts going up. So now I thought not to invest for a short time.  I would invest now and wait for a long time and sell when the price goes up.

It just barely break the $30k price range though as it fluctuates from highs of $29k to lows of $30k, and so with that kind of movement, there is still a big resistance, a big wall in front of us.

Nevertheless, as shown previously, it can jump anytime if investors are going to be bullish and willing to pour their money because of so many positive news around. And just think of it, if just of those Spot ETF application was approved by SEC, the market will continue it's rally and could have another break out run to $35k. But a disapproval could also dampen the spirit of the market again.

Nobody really predicts correctly, because the price movement is very fluctuating as you say.
Even an increase of up to $ 30k who can predict this, in the midst of FUD circulating about the exchange that will get sanctions, and will have a negative impact on the market, but in fact instead it turns around.
If positive news sentiment continues, I think that not only $ 40k will be achieved by Bitcoin by the end of 2023, maybe we can pass the last ATH this year.

Another increase to $ 30k I never expected it, the effect of Blackrock and Fidelity is very useful for the increase in Bitcoin prices this week, Bitcoin moves from $ 25K to $ 30k not much time.

Where next? of course BItcoin will go to $ 50k if the price of $ 30k can hold,
therefore we have to monitor it especially especially on weekends the volatility is higher,
if indeed this is not a bull trap then good news for the crypto currency market will arrive.

Personally I think somewhere between $50K and $60K is likely for the year, as long as price can get above $30K, otherwise I'd say a re-test of $15K to $20K becomes more likely.

My main reason behind this is the rounding bottom formation that has taken over a year to form, with confirmation above around $32K. This gives a target of roughly 100% increase, which while would actually be close to a re-test of the ATH around $64K, I think is more likely to fail a bit sooner, somewhere below $60K. This would also simply be "another" 100% increase over the next 6 months, which wouldn't be odd at all.

If this happens I think a return to $30K becomes also very likely, as a 300% increase over a year will likely be met with a 50% correction over the preceding 6 months, until the halving for example.

As I type, price is now at a new yearly high, as well as highest price in over a year.... so it's hard to be bullish about Bitcoin near future right now.

Fantastic Movement we are seeing. Bitcoin increase near about $6k within 2/3 days. Now bitcoin price hit $31000. Brazil’s largest Bank ITAU is joining National Association to Defend Bitcoin and crypto. So i think it will creat big impact in cryptocurrency market. I think Bitcoin price will $35000 within 4/5 days. And within this year bitcoin price will hit $50k i believe it. If all situation will positive then in 2024 Bitcoin price will hit New ATH i mean it will hit One zero zero zero zero zero. 

I do not think that it was any story that made it go up, I think it was obviously the price being too low, so people said they believed it could be higher and that's why it went up like that. When the price goes too low, it is not that easy to make it go any lower, you need to sell a lot more to break down that wall and go lower, which does happen time to time but not all the time. Instead, it takes a lot less money to make it go up, and that's why it goes up, it's easier.

The market realizes this easily, and they keep doing it, if it's easier to go down one direction, it's very rare that it doesn't go that direction. Sometimes when a big news happens it might, but it has to be something very major to make it go down that road that is harder.

After the price can return to $ 30k I'm optimistic that July can reach at least $ 35k, the upward trend will continue due to positive sentiment in the market, the initial panic when the issue of Binance experiencing a crisis was not proven so that investors were even more optimistic to continue buying.

In April, when bitcoin crossed $30k, and everyone was optimistic, all believed bitcoin would break $35k to conquer the $40k target. But in the end, bitcoin remained below $30k for 2 months, and today, we could see $30k again. But it looks like bitcoin cannot sustain above $30k if we look at the chart now. My expectation is bitcoin will correct below $30k before rebounding and surpassing $32k in the coming weeks.

Many people say that people are being very optimistic, but in my opinion, people are still very cautious with everything. Bitcoin has been bullish for the past few days, but if you check the market, you won't see any new money flowing into the market, with ETFs, bitcoin's price increase is because of the flow of funds from altcoins. So I don't think this bullish can sustain for long.

a few days ago the price of bitcoin rose dramatically and maybe that price increase is also a sign that the SEC issue is over. my instinct says if there are no more issues like this then the price of bitcoin will continue to rise because more and more people are buying in preparation for a bullish welcome in 2024.

$35,000 is always possible here but I want to make it more healthy like there must be some price correction along the way.
That's why I believe we will still visit below $30,000 or worst $25,000 before visiting the $35,000 price. We still have a lot of time before the end is left.
We are kinda oversold right now, we saw that huge pump to above $30,000 easily.

Bitcoin might stay above $30,000 and will go sideways to around $30,000-maybe $40,000 this year, or Bitcoin might go below $30,000 and might reach the $20,000 price again.

Like what happened in 2019, the market is kind of boring because most of the time, it goes sideways. The only good thing about what's happening is that, it is creating a higher lows like what we are seeing right now. I don't believe that we are in a bull market this year now, but I think we are still in the accumulation phase where investors are slowly accumulating Bitcoin in preparation for the bull market that "MIGHT" happen a few months after the Bitcoin halving which happens next year.

The price of Bitcoin might get affected by the decision regarding the Bitcoin ETF filed by Blackrock, and TBH it might go both ways. I just don't know why I feel a bit bad about the acceptance of a Bitcoin ETF from Blackrock (assuming that it will get accepted).

Since the price of Bitcoin has increased from $25,000 to $30,000 in this month of June, show that the bearish season will still occur before the end of December so that investors can use that opportunity to buy and hold for massive pumping that will going to happen in 2024. It will be difficult for long term investors and short term investors to experience what happened 2022 that made the price of Bitcoin remain low through out the year, which many potential potential used the period to invested huge amount of money on Bitcoin and other cryptocurrencies. I believe, the price of Bitcoin will decrease back to $20,000 before the price will finally hit $40,000 this year for those that wish to sell will use the season to sell and make profits.

I think history is repeating itself, and what we are going through will be as boring as 2019, and I do not rule out the possibility that we will have another big dumping before the halving. Bitcoin had some rallies in 2019, but in 2020, it was also dumped again before the bull season arrived.
So the possibility of bitcoin falling below 20k is still possible, and I very much hope it happens. That will be our last chance to accumulate cheap bitcoins before the new bull season arrives.

And yet the pattern breaks now, June used to be a bad month, but if we look at today's price, we are now in the $30k'ish price, and we have a bullish sentiments now because of the Blackrock news and other companies applying ETF's.

So maybe September-December too might see a very different cycle and now we could be looking for a huge increased like $40k-$50k at the end of the year.

FOMO is already here and possible to continue as long as they are good news to come in the last quarter.

That's an usual expectation, if nothing like this happens again then I would expect the price to go up as well. It's normal that we are not going to end up with a big increase if there are troubles, and Binance thing was a bad one that kept it from going up for a while, but then people ignored it and it reached 30k+ easily.

I think if nothing like that happens then the price will go up is the expected thing but we are not entirely sure if we should expect something like that or not, because if we do not see it happen like that then it wouldn't be a big deal but if we end up with another one then it's going to end up being a big problem since it could cause the price to drop again while we are on the run to go higher these days.

I very rarely rely on instinct when it comes to the market and also when it comes to any issue that could affect the market. Because the issues or problems that occur can be known through the news, whether it has actually been resolved or not. Meanwhile, in terms of increasing prices, it will not be accurate if you only rely on instinct, even though most of the price increases are due to the large number of buyers in the market who are attracted to Bitcoin. Because indeed there are many people who are making preparations to see the bullish next year.

Hopefully this might not be the case. I know that we look for patterns, specially from the past historical logs. But it doesn't mean that it will be the same year after year. There could be deviations just like what we are seeing in todays price movement as no one expect that we would have a break out run to $30k and it here we are after the Binance vs SEC drama.

So I doubt that we will revert back to $20k, at least we have seen the lowest low in this bear market. Everyone is now waiting for the block halving happening in less than a year so everyone is accumulation this season as this could be the final stage of this phase as in this next 6 months the price might grow steady.

We've seen the Bitcoin market drop drastically in price over the past year. When the Bitcoin market turned bearish, market liquidity was greatly reduced. In 2023, the Bitcoin market went down a lot, but it is currently in a flat position. If the Bitcoin market starts to halve again right now, the price of Bitcoin will increase drastically in the next year. By mid-2023, Bitcoin markets are bullish and it is going to turn into a bull market very soon. But this happened because of FTX when the market was dumping again. But following the Bitcoin market right now shows that Bitcoin is going to halve in the future and it is pumping again. Right now the Bitcoin market has crossed $31,000 and is expected to stay in a good position for the next month.

good news friends, now bitcoin has managed to penetrate $ 30k and to be more precise now the price of bitcoin is around $ 31k.
next $50k ? very likely, but not in the near future as there may be several corrections before reaching that point.

Good news will always come and come, but especially today after an increase from $30K to $31K more, the price of Bitcoin also had a free fall from $31K to below $30K even though currently it is still around $30K. It's been a month full of unexpected surprises so stay reasonably optimistic as $50K is a long way to go for Bitcoin and I don't think that will happen anytime soon.

A correction also occurred today even though it was only briefly, but for $50K I think it will still be a bit difficult for Bitcoin to achieve in the near future because Bitcoin still requires greater encouragement from various parties. Especially through the media which often provides the best news so that it can stimulate a little bit of Bitcoin buyers in large quantities at the end of this month.

As far as I know, bitcoin has dropped from $31k to less than $30k due to the news of the SEC, they rejected all the ETFs and said they weren't eligible to be accepted. Many people overreacted to this news and caused bitcoin to drop rapidly, but I'm not too surprised as it is a crypto specialty. The negative news is still dominating the market, so thinking about the $50k target is actually pretty far-fetched. With the news of the SEC rejecting ETFs and Binance continuing to have problems with European countries, I think July will be another difficult month for us.

Drop dramatically in 2023? I think it was 2022 at the end of December where bitcoin decreased to $16K, after 2023 bitcoin had a recovery and the lowest point was $ 20K even that was not long after that it continued to recover until the price was $30K and now it is back at that point the highest again this year, so indeed this has become a bit of a trend because being in the middle of the year people are already preparing how they want to look forward to the halving in the following year.

The case of FTX has been a long time I know it affected the market but not completely with bitcoin but their tokens have plummeted.
We'll see now that bitcoin's movement is quite stable, but I don't expect it to continue to last, but what I predict is that bitcoin will break through resistance again above it.

I just witnessed how the graphics dropped down in the middle of the position that was going up.
For me a positive trend in the direction of the movement of Bitcoin still survived.
Judging from the date that has been running at my current location where it has entered July 1, the price is still in the range of $29,770.51 — $31,240.21 and for now Bitcoin is still traded with $30,538.21.

It is likely that in July there will be another change for the price per 1 bitcoin traded if the closure is at a price that is not much different from the current price.
I am still optimistic for the next few months before entering the new year.

Now bitcoin price $30k+. Bitcoin price now stable $30k we saw from few days. We saw bitcoin price dumped from 2 years. It touched $15k and gradually it increasing. Still increasing and we think we in bull run session. So where bitcoin price will go it is difficult to say. But my thinking next Bitcoin's price stoppage is $50k. I believe it is not impossible, it is really possible. I think next Bitcoin's price stoppage $50k and then $100k. If all were ok i think within 2024 bitcoin price will hit $100k.

Bitcoin have build a strong resistance around the 30k price level and in the past few days,  bitcoin have constantly fought against dropping below that price benchmarks even though we saw a lot of pull back in the early hours of today but still bitcoin was able not to fall below the 30k resistance price.


Even though we can't tell which direction the chart will next,  but we are certain that it won't fall below this current price for at least the next weeks ahead.



Do we expect a bull market yet or are we going to move slowly with recovery for the next couple of months before the halving,  let us not get carried away with the current market happening and forget to make accurate speculations because 50k is a big price to reach before the bitcoin halving which is less than a year from now.

The way the price of bitcoin is moving slowly does not shown that the price of bitcoin can hit 100k in 2024 because bitcoin is battling to cross 30k and what is happening now in the price of bitcoin nobody is sure of the bull run but people are sure bear market, because since it has not being moving forward what I noticed that is causing some certain issues for some signs of bitcoin price not to be increasing is because of sec information and no sec matter, but for bitcoin hitting 100k is not achievable this year 2023 and even next year, everything concerning is something of full assurance because the price is not fixable

Bitcoin really took us with a surprised in this year 2023, because nobody was expecting Bitcoin to reach this amount as early in this year. Everyone was predicting next year 2024 or after next year 2025. But the all time high prediction is still on those two years. I am even confused to say a particular amount that Bitcoin will reach before this year will end or early next year because the price of Bitcoin is unpredictable. I was thinking that Bitcoin price will be around 25k+$ this month because of the early movement of the market but everything has changed.

Predicting the future movement of Bitcoin prices is a complex challenge because it is influenced by many factors. Nonetheless, there are hopes for a price recovery and a period of bull run. Moreover, lately the price of bitcoin has started to increase where bitcoin has again reached above $30k.

Bitcoin miners buy bitcoins and hold them for a long time, then sell them and then think about the future. As bitcoin halving in 2024 indicates but currently it is 2023 and it is more likely that bitcoin price will peak at $45,000 to $50,000 this year. And in 2025 Bitcoin will surpass $100,000 because I have seen the price of Bitcoin double in the year following each halving. So now is the best time to mine bitcoins which many have kept away from.

Until we lose 100 on the DXY dollar index its all a bit of a game of cat and mouse.    BTC price action is doing well and I thought as much even in periods of decline this year but its extended in its drift sideways more often then not.
   Its been in drift since middle of last month, if this was a sail boat we'd all be dying of scurvy at this point.   No motion is not a negative but it sure can drain the appetite of speculators who must pay for their leverage daily.   A momentum stall can lead to a sell off, its not safe to presume either way at present but I will say longer term I do believe BTC is positive after outlasting the decline of 2022 its now in recovery.

I think bitcoin breaking through $30k is proof that the market is in a positive trend and also a sign that the bullish are getting closer. a few days ago the price of bitcoin was in the range of $ 31k, although at the moment the price of bitcoin has fallen slightly it does not mean that the positive trend is over because ups and downs are very normal in the crypto market. in other words I believe that after this we will see more recovery because the big cases like FTX and SEC that hit the crypto market have now faded.

I agree with you on predicting bitcoin to reach ATH in 2025 compared to many predicting that we will have a bull season in 2024 and a new ATH will be established next year. But expecting bitcoin to hit $50k this year is very hard and I don't think that will happen. I believe the remaining months of the year will be much gloomier than the first 6 months of the year. We have recovered quite well, and by no means will we be able to sustain it until the end of the year. Bear season is still there, so I would be more careful with the rest of the year than expect higher prices.

Surely what is going to happen is the market is slowly going to recover from the bear market and will get a lot of momentum until the Bitcoin halving after the Bitcoin halving up to 2025 probably we can expect and anticipate a Bull market at that point, most of the time the market skyrocket every time the Bitcoin halving event happened around 365 days of the Bitcoin halving, so we can say that around 2024-2026 bull market could happen.

This is just the cycle of the market bear and bull market is always a possibility but checking the Bitcoin halving timeline we can see the evidence this is where we are going still there are a lot of factors that could easily affect the market price of bitcoin, its a volatile market price so at any moment we could easily expect a price drop just because of different circumstances like for example if world war 3 hits market cycle might get delayed on this projection on 2025. So the best thing is to get prepared and to position your holding so that at any moment you could easily be prepared to buy and sell Bitcoin, you could HODL for the long term and risk more if you buy and accumulate bitcoin early.

Based on the current moved of the Bitcoin price from the beginning of this year, showed that there will be more recovery that will make investors to celebrate because the price of Bitcoin is still between $30,000 and $31,121 which is a sign that bearish season is about to leave the market for bullish season to take place. I think, $60,000 is possible for investors to experience before the end of this year 2023, because what happened last year 2022 that made market price to remain low through out the year will not happen in this year. And it will be difficult for long term investors to regret for their patient of holding, because the Bitcoin price will definitely increase higher in a way both long term investors and short term investors will be happy.

Even though Bitcoin is currently above $30K, it still needs more encouragement from a number of other factors to get more interest from people who still haven't bought Bitcoin right now. The point is that the price can continue to be pushed up in every month before next year, even though it has to happen slowly. But that would still be better than having no improvement at all, so the push through more positive news is still very useful and much needed now in order to accelerate the price increase in the market.

indeed the current trend is towards positive, but it is difficult to be able to say that it will enter a bullish market because it is too fast to be able to determine that. Overall, if it is withdrawn from the beginning of the year, there has been an increase but not too significant, so I think we will still have to wait until the end of this year to see if there will really be any movement.
the most important thing is that it's still time to buy and hold it because soon the era of the halving period will come.

How can you say bitcoin's price hasn't gone up significantly when last January 1st it opened at $16.5K?
The bitcoin price has gone up over 90% since January 1st, so that is a very significant increase so far in my opinion. You can still expect the bitcoin price to be able to break through higher resistance and maybe touch $35k before August, but of course you have to be patient.

We have been in a recovery phase after a severe drop in the price of bitcoin throughout 2022, but of course at this point we can still expect some corrections before a big upside occurs.

How are you  sure that the price isn't going maintain its position of 30k to 31k market cap through out this year. This year has been a good year for bitcoin no doubt about that but I still like to think that its going to be hard for BTC to achieve a height of 60k this year looking at how the price has been gradually moving and plus the fact that we are now heading to a phase where BTC would probably maintain its stand and wait for the halving to pass before probably shooting up very high. So my speculation is that the price is probably going to be around 35k to 40k by the end of this year.

Not too significant? Bitcoin price doubled since the start of the year, what do you mean it didn't went up too much? If this keeps up, with another double we are on verge of being at ATH price again, we literally just need increase same as what we had since start of the year in order to reach ATH.

I am not saying we are going to have another double on top of the double we had, but I am saying that to show how much increase we had, that's very important. I hope that it gets to a point where it will happen in the future, but right now I am quite happy with where the price is and where it's headed. I believe until the end of the year price will go higher, and next year it's going to be even higher as well before and after the halving.

I started DCA when BTC was worth around $25k, Start small and will increase slightly over time. The plan is DCA and HODL until mid 2024, By then I should be able to accumulate a very large position in BTC. I highly doubt that the BTC price will ever return to the sub-$30k price as you said BTC will continue to increase every month even if it's a bit slow Because we are going to enter BTC in a 4 year cycle.

Applying the DCA concept is the most appropriate strategy because it is similar to saving. By Putting aside the same amount of money every week or month with analysis the bitcoin halving period is approaching. we should be able to see the bottom by now as BTC's four year cycle has been consistent for a decade.

It seems as if you have misconceptions about the world of DCA and what these terms stand for in our Bitcoin standing because from your comment and if I go by your analysis of when you started to DCA it then means you exchange your Bitcoin to USTD at Bitcoin price of 25k which by now you should be in lose because you will not be able to get the same value of bitcoin if you decide to open a position at this point.,
 
Correct me if I am wrong, but the truth is if you do not know how to properly DCA in the real sense it is better to leave your Bitcoin and continue to hold up until 2024 and beyond to see the reflection of the profits.

I opened my portfolio today and noticed some increment in my bitcoin holding, on checking the price I saw that bitcoin has exceeded 30k and even exceeded 31k. Although I don't know how far it went but around 2hrs ago I saw bitcoin price at about $31,760. This is a significant increase to the consolidating price of 30k.

The other day we were speculating about bitcoin next movement from the 30k range. Some persons said bitcoin might find 25k range from there but a few predicted an upwards movement. It was really obvious that bitcoin wanted to move but the direction of movement was what no  one was certain about.

It's $31,200 just now, and yes most likely it went as high as $31,760 (but I didn't catch it). And with that the bullish momentum still continues, I think there is some good news in the altcoin market (Ripple labs winning against SEC), that might spill the effect on the market that's why we are over $31k right now.

And again, we just hope that it will maintain this price as it become the biggest mental barrier that we need to break. So this is a good indication that at least the market is again not going to be on a sideways patterns and maybe at the end of the month, we can see $32k.

..and one more thing, don't forget the lack of sell-off by whales and large institutions and miners also have correlations and impacts that will hinder the speed of BTC price movements on the market and cause more skepticism for many HODL people. what is often said is. "just went up a little, yach, already slammed again"

The price of Bitcoin is going to skyrocket after that. Because currently many think that there is a high probability of a big bull market in Bitcoin price, which will create the next ATH and it is likely to be around 100k to 120k. And this is what many bitcoin experts who are always trading bitcoins and investing in bitcoins also think. This bull market will likely occur between 2024 and 2025.

The price of $30k has been going on since March, but until now the market looks very difficult to go up, I think a big increase can occur if many big issues can be resolved properly, for example the lawsuit against Binance in the USA, the issue about Tether not having real money and so on .

I don't think bitcoin's upside potential is not going to happen in the near future, it looks like the price is only between $29k and $30k, almost 6 month price can't get past the $30k level and I think the increase could happen at the end of the year because it's close to the halving day that will happen in the year 2024.

Bitcoin will find a way to go up in the future , I have no doubts about this but for now , Bitcoin price will stabilize around 30k$ but I don't see it going above it with a lot. However, when August is gone and summer cycle is over , we might see Bitcoin trying to push towards 35k and if it makes it until there , I have full confidence that we are going to transit into bull market and from there , all the markets should start to have an ascent movement.

I accept this speculations because in the last few months, bitcoin have relied around that price region and 30k to 29k have become a stable benchmark for Bitcoin and this period have been one of the most stable Bitcoin price periods since the crisis that rocked the cryptocurrency market in 2022 and the 2023 bitcoin market recovery that brought us to this current Bitcoin price position.

That is the most suitable benchmark that can trigger an upfront price reaction in the future but I believe a large portion of the price increase will come through the Bitcoin halves when the block rewards will be reduced.

The price has been fluctuating between 29k 30k for a long time. I don't know if it will continue like this until the end of the year, but I think the price must first fall in order for the price to rise. Because many people think that the price of Bitcoin will fall, and after going from 29k to 30k, it went down again. If the price of Bitcoin falls from these levels, it will start to rise again quickly, but first, the expectation of a decrease must be realized.

The halving will have a big impact on price predictions, but there is still uncertainty in terms of price. So getting a little closer to Halving will give us information about where the price will go.

We always hope for everything to happen very quickly, but we don't want to think that actually it takes time to prepare. If we compare the price of Bitcoin since the end of last year, Bitcoin has performed quite well so far. It is true that the Bitcoin market is quite slow right now but the traditional market is also slow. We have seen in the past and continue to do so today that traditional markets have considerable influence over the Bitcoin market. I think Bitcoin will end the year with a strong bounceback.

Bitcoin is in this area of ​​29k to 30k since last few months, no one knows what is the reason, but maybe someone is accumulating big amount of bitcoin here and we are selling in frustration. Many are preparing for the next halving so keep an eye on the market, the unexpected may become expected.

Of course it is true that unexpected things are very likely to happen to bitcoin so everyone needs to consider the risk of investing. I also don't know what happened in the market for the price to push above $32k since January 2023. Right now the price tends to go sideways between $29k to $30k, but bitcoin is still having a hard time staying above $30k after the correction.

The halving is still a long way off so there is plenty of opportunity for accumulation over the course of 2023. August might be the best month to expect a price recovery above $31k, but I'm not thinking much about a possible dump to anything lower than $28k either.

We still have about 9-10 months of time until the halving, and that means we still need to wait for it to be a bit different in the end. I get that there are a lot of people who are super excited about the possibility, bu that doesn't mean that we are going to end up with a good return right away. It could be like that at one point, but it could be quite different at another moment. This is why we should be considering this as something that will benefit everyone if they wait. Holding seems to be the hardest thing for people, if we could do that then we are going to end up with profit but unfortunately people fail to do that somehow, I don't understand how something so easy, is actually so difficult.

In a sideway movement of the Bitcoin market, it is possible that people are accumulating slowly.  This is also one of the sign that a possible transition from bearish market to bull market slowly building up.  In the previous price chart, Bitcoin halving is one of the catalyst of Bitcoin breakout, signaling the start of bullish market that ends up with record breaking new ATH.

I believe the history will again repeat itself making Bitcoin rallies after the halving and create a series of new ATH.

The OP asked this question/posted since june, yet we still have almost the same range now in august which means it really become stable. I don't think the barrier will break anytime soon unless some big good news happened or the other way around. But usually ber months always do the uward trend, i'm not saying it always the same, and it will be this time but i hope it will.

Its recently pulled back to be almost the same price as March start which is alot of wandering about only to arrive back where you were 5 months ago.    Thats what tends to happen and I'd call the entire year a consolidation year, various prices seen but not a great deal of resolution to significantly alter price.   It is still constructive longer term but you will require sainthood before you can fully appreciate the gains that seem so slow in contrast.
  BTC races ahead at times only to cruise to a near stop after that acceleration, maybe we are in eco mode doing so and it'd be negative to always move rapidly; dangerous even so at least someone who appreciates stability benefits from this drifting price but its not often speculators who would say that especially those on leverage paying for time.

Yeah, I think so too. I am even believing that we might see Bitcoin around $31–$32k before the month of August is finally over, because about two days ago, the market really showed a quick move from $29k to about $30k+, and if that move occurs again, I think we might see Bitcoin around $31k first for towards the ending of the month.

As for $31K at the end of this month, I think it could happen again to Bitcoin because in mid-July this price range also happened to Bitcoin so there is still a chance for it to happen again at the end of this month if there is no further drop below $29K. The price increase to $31K is not so far from the current price range that most people are probably still pretty sure it could happen again sometime this month. Even if not now or in the next few days.

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

$31K can be said to be resistance.
Not moving significantly, the price of bitcoin is currently stuck at $29K and only on the 9th bitcoin touched $30K but that was not long until it returned to the price of $29K more.

Supposedly $30K is not difficult if you look at the current movement but sometimes it becomes difficult we see at the end of the month, but at least with a positive trend including from the news bitcoin can break $30K.

Right now I just call bitcoin more sideways

There are many more days until the end of August. If there is a rapid increase this month, we may see 31k, but I don't think much. When the price hit 30k it immediately pulled back. This showed that Bitcoin price is not ready to go above 30k. I guess we have to wait a little longer.

It's like they're constantly trying to lower prices. Bitcoin endured very well not to fall from the 29k level. I think we should talk about the possibility of the price going down from 29k instead of going above 30k. Because this possibility seems more likely to me.

I agree with you, when the thread was created i did it with a future prediction and forecast and my market speculation caption up.to 2-3 month Bitcoin price range and to this point, we are almost in the third month of the thread and still yet Bitcoin price range has not broken out of that benchmarks.

This market characteristic shows that Bitcoin is building up higher liquidity that will sustain its current price resistance level, and also force Bitcoin price to become more stable, and I am sure also that Bitcoin is going to maintain its current price benchmarks for a while before any further possible breakout.

The price of bitcoin has being resisting 30k as we have seen it since the past few months that the price has being fluctuating between 29k-30k and back to 29k for three months now. It has been stable,I guess that it will little more time before bitcoin price will break the barrier of this price to 31k and above maybe after the end of this month but I know that this is a good sign that bitcoin price will not go below 28k again till we will experience the halving next year and the price of bitcoin at the end of this year might reach 40k. I hope to hear good news on bitcoin that will help to increase the price..

Do you in predictions of bitcoin price we can not stand on one predictions, when future goes and predictions changes, because at a point we may likely say that bitcoin will not be increase above twenty thousand  (30k) this year base on what you know quite well, so I believe that the price of bitcoin today or next month due to the status of the investors can make us to change a predictions value of bitcoin, in null shell what I'm saying to an extent is that Bitcoin price will is rotational and if we are predicting the price of bitcoin is dependable by the information we heard concerning the Market. Do you know that I doesn't depends on predictions speculation of bitcoin, I made my own findings and depends on that, so that the Market goes against my predictions then I will accept because all fault are mine because It's what I predicted.

I also have no qualms about reaching another $31K price tag on Bitcoin, but for now it's up to everyone to see how the market is going specifically for Bitcoin. An increase for $2k or $3K is indeed not impossible for Bitcoin, but for conditions like today it feels like it is still a little difficult to happen right away because after approaching $30K, the price of Bitcoin still tends to fall back rather than increase at this time so for $31 K may not be reached immediately in the near future, although it is very, very likely to happen.

I don't think that Bitcoin is building up higher liquidity but it is just that the whole market is waiting for some movement to start buying and we all know that the market won't move much if there is no money flowing in at all. There isn't much selling or much buying at the moment, which is basically the reason why the market is so much stable, as soon as people start either selling or buying at large scales, the market will start moving for sure.

A lot of people think that the market will move when the halving occurs but that doesn't automatically do something to the market that makes people buy more only in the hope that the market will go up and that is basically what keeps the market going up and as soon as people start selling again, we see the market crashing.

Compared in the past years ago the price movement these days is not too volatile as before since people are now developing AI for trading the market become less volatile unlike years ago.

There are many factors that affects the Bitcoin price not the technical but also news and events can change the price of Bitcoin. For now, Bitcoin price is stable at $29k and it is hard to predict if these days we can see price more than $31k unless if there is new events.

Well, we are experiencing it now due to some news including of SpaceX selling its bitcoin holdings that cause panic sells hearing the news and is the price is dumping from 28k.

Well, things turns out to be shit when negative news like this comes around.  8)

But we know that this is the best time to DCA or accumulate while Bitcoins price is already that cheap but we cant really remove into our minds that the price might shoot down even more.
Therefore, there would be always that kind of hesitance on the time that you would really be trying out to buy on this point and looking for some further possible bearish news which
we know that when it comes to fundamentals, it turns out on having that domino effect. This is why people would be always that skeptical on something like this.

Now is the best time to buy before we would be able to kick in the price in 35k but of course those are just rumors and prediction.If you could take up that risks then this is the sweet spot.
If you are holding for long term then any price wont really be an issue. For those who do plan to make long position then take up some risks and we might be seeing some
recovery soon.

I think that the development you mean can also have an effect at this time because it is part of a simple job with the aim of making it easier for traders in the market. But personally I have never used it, apart from still considering the old ways that I am currently still using, and I am sure that not too many people use it in terms of trading, although over time the usage will continue to increase.

Events and news are always the main influence for the market flow and price of Bitcoin, because in the past it has happened and almost everyone has probably seen that the influence of certain events and certain big news is very obvious. And now the decline has also occurred again where the Bitcoin price is already in the $ 26K range and there is still no sign of recovery for the next range in the market.

These days certainly make a surprise for us because the price drops significantly, the current price is around $ 26K and can rise again from $ 25k, it seems like the Pope immediately acts when the price reaches $ 25k, may be a preparation before the end of the year and they immediately bought when the price is cheap , we also have to do that way, buying when it's cheap and sell at the end of the year when it is expensive.

this is what happens next mate https://coinmarketcap.com/currencies/bitcoin/ lowering to 26 hundred dollars , staying months in above this level but here we are again.
dumping badly for what reason ? i am still looking for answers.
ohh now i see, i was seeking for better answer actually , thanks for the update mate , so it is Elon Musk once again?

Overnight the Bitcoin price nearly touched $27K again, but soon fell again to around $26K and is now also in that range with only a few percent change in price. A firm decision does exist and is clearly needed because any delay in buying will always be met with regret, except for those who are still willing to wait for the next drop in Bitcoin.

It's a no-brainer right now although in general you give a pretty good outlook for imagining a return on investment but I wouldn't imagine it now because the goal is to buy at the current price before Bitcoin starts to return to $30K again this year. although imagining a profit, it can motivate a person to continue buying at the current price.

The reality of today market value of Bitcoin was already in my head back then when I made this thread and even up on till now the price of Bitcoin seems a lot more stable, because even though the price plumb down suddenly which was as a result of a market sentiments attack, but Bitcoin overall price movement has not changed within this period and which all points to a lot of stabilities in the market.

Its caught near and pushed below the 8 day average currently is what I roughly call a weekly average and just above the lows of the last sell.  So it will be squashed between those two outcomes, breaking up or down also BTC just carries on sideways quite often regardless of expectations.   Exclude the higher action after March 16th and consider the highs for almost a year back to July 2022 and you have the price that must serve steady as support now or we will go lower and BTC will have to prove itself worthy vs selling at presumably much lower prices.  
  I didnt think of BTC taking up a path lower but its the charts reflecting the market action is the opinion that matters not my own bias and ideas.   I went to weekly bars and draw a line between the most common prices closing weekly in that last year and price I got in common was 24387.  Its not that far from here and I did mention 25k is the area we'd be doing battle if we slipped at prices further above and so far we're slipping.   Till we prove otherwise and find strength in a foothold, I guess we slip.  The dollar index is not resolving downwards, it continues to threaten higher.

Well it is not easy for us to guess hoe we will see the Bitcoin price. We are still stuck at this price of 26k per coin for a little bit now and still waiting for some 'bullish' signals.
Hedge fund Pantera Capital who has $4.8 Billion in assets is very 'bullish' for Bitcoin price. It says price will be $35,000 before the next halving of 2024. And then $148,000 in 2025.
https://finbold.com/4-8-billion-hedge-fund-pantera-predicts-bitcoin-at-148000-by-2025/

Yeah getting stocked around the 26k region for a while points to two things according to my own analysis of the market and that is where the reality is, First is that it shows that Bitcoin prices have become more stable since it has built resistance around that price level when it market was forced down in the last couple of days back,  and the second possible guest is that,  Bitcoin is building momentum against the next big market direction.

I have been familiar with this kind of market situation a couple of times before and this is how that market behaviour works,  the price of Bitcoin will stay at a particular price for a while,  and suddenly of will take a particular direction that most speculators may not be able to understand that movement.

That’s a wild prediction out of no where I must say. I mean we all know what Bitcoins are capable of, but I am saying 2025 is too far for this small price jump. Bitcoins have always followed a 4 year cycle pattern to reach the ATH price, and to be honest 2024 is the 4th year in the cycle, so definitely in 2024 Bitcoins will reach 100k usd breaking the internet. If the demand to acquire Bitcoins increases among the masses, then nothing is impossible my friend.

Numbers and speculations would really be seen everywhere since this market is always been that speculative then we could really be assuming or presuming with those numbers on which it would really be just that

normal.We know that each sentiment might really be giving out some impact or not on Bitcoins price because we know that there are some news or events doesnt really give out impact into its movement but pretty much sure that on the upcoming halving event where things starts out to uprise when it comes to this time which we have seen this on previous cycle. It is really just that people are really that too impatient.
Those bullish numbers do really give out that kind of boost up into someone knowing that we are almost that near and its not really that a bad decision making on trying out to accumulate since prices as of these
time are really that cheap.

Numbers arent known but if you are really that trying out to ensure on making profits in the future then it is really that wise on taking up such step in speaking about accumulation.
There are really people who would really be that always skeptical on this part.