Bitcoin Forum

We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months.  Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable.   My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows.

  Any answer you feel like is correct.  Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.


7 day poll & you may alter your vote later.  If you can come up with a better poll option I'll add it on just for you  8)

I understand that the poll lacks options. There is not one for a moderate price increase, as I think it will happen, say between 35 and 50K. That it is not there and that ATH's option is there before the end of the year seems like a joke.

Poll aside, I am cautiously optimistic. With the time of the cycle we are in, half a year away from halving and with the recent rally, I think we will end the year a little higher than we are now, with ups and downs from here to there, of course.

I think that the end of 2023 will be a growth for the cryptocurrency market, which we are already seeing. Generally 2023 was positive only for bitcoin, because now the price is twice as much as at the beginning of the year and the growth continues. Usually autumn was positive for cryptocurrencies and I hope we will see growth of other coins.

I did not choose becuase I did not see what I can choose. I would have preferred price ranges. If there are price ranges in the poll, I will choose between $30000 to $37500.

I guess bitcoin is not going back to $25000 this year.

It's a difficult one to judge, as the break of $30K was very much news driven. So more or continued positive news could see a "up only" scenario in the coming weeks/months, but any further ETF delays/rejections could have the opposite effect. Price has literally pumped off the $IBTC listing that occurred in August that was only discovered this month. This pump could have happened months ago is the irony.

Looking at price at present and trying to ignore the news or background noise, I think price could pump considerably higher. If we get to $40K, it could consolidate and reach $50K to $60K with sellers from 2021/2022 re-entering the market. This has more or less been my prediction for this year, ie a strong dead cat bounce, which seemed out the question after summer passed, but clearly it's still on the table.

ARK's final ETF deadline (https://twitter.com/CoinMarketCap/status/1717126376489173284/photo/1) of Jan 2024 is going to be one to watch in the near future, with the third deadline next month. As far as I understand they have also registered their ETF ticker, so are optimistic of getting approved soon, but only time will tell. Either way it's an exciting to be a Bitcoin holder with ETF on the horizon and a halving not far away now.

The momentum of the recent move is really strong so I feel it has the potential of pushing price near the ATH. Two cases are possible as to what might be propelling the move. First is the expectation that Bitcoin ETF might be approved anytime before the year ends. The other being that people are jumping in to secure a spot before price gets too high knowing that halving and bull market is imminent.

If the rise in price is with the expectation that Bitcoin ETF will be approved before the year ends, then we might see a bull trap if the approval did not happen. This will see price dump a little below $30k again because we have just little time before the year ends and next year is perceived as the year of Bitcoin. However, if we get the approval this year, then Bitcoin will create a new ATH before the end of the year.

In general, I am of the opinion that the price will settle around $45k by the end of this year.

45-48k. is not sideways or an all-time high, but we are likely to settle near this for dec 31.

So I wish you had give a choice like  "up nicely 40-55k"

or something like it. that would be my pick.

more logical that we can get a bitcoin price between the range of $35k to $50k given the recent sentiment that has emerged, we can get a fairly balanced mid at $40k by the end of the year before continuing closer to the ATH of the previous bitcoin cycle.

The choice is quite ironic but we don't have many options for polls on that choice, yes btcoin's volatility will tend to stretch upwards and continue to try to break its latest support as time goes on in the late winter market, now it feels a little warm towards the bitcoin halving. I myself actually agree with you that it is quite optimistic for bitcoin to continue its rise, but I hope bitcoin returns first to the price level of $ 26k and lower than that, because I regret a little earlier not buying more bitcoin at a price level that is fairly low from the current price.

Just passed 35k and back down to 34 k.

I am thinking we do a big move up before the weeks end 40k may be in danger.

There’s no option for what I think is likely.

• Significantly up but not near ATH

For example something like 45k I believe likely.

I don’t all time high or near it. Same to the price going back to 20k is almost impossible now that there is a clear bullish trend on last quarter of the year which typically unstoppable once Bitcoin enter to a bullish trend. I believe the price might hover from 30k to 40k level then next year might possibly reach the previous ATH then 2025 is the new ATH.

Do you think the ecosystem in crypto will become active again and altcoin projects will also receive large enough funding to activate the ecosystem again after brand projects have been quiet for a long time so far.
Even though that might happen, I don't think so, we will move more towards bitcoin, from what I have seen bitcoin dominance shows more of its attitude, therefore the reaction of investors in my opinion they will prioritize bitcoin first, right up to the bitcoin halving, Well, only after the Bitcoin halving will we see a big effect on altcoins, which may result in an altseason at that time. My opinion is very bullish towards bitcoin at the end of 2023, although I don't know for sure the price that bitcoin will reach until the end of this year, plus we will face two FOMCs, and I think that will have a negative impact on the crypto market because of the economy. The US is still experiencing very high inflation so it is very likely that they will raise the benchmark interest rate again.

Not so sure back to $20K the price will not be so drastic until the end of the year and usually in winter many people cash out their money this is just my own point of view, as long as we are going into winter it seems the price will not miss down.
Yes that's what we expect in the final quarter the usual bullishness will get closer to the halving plan a few more months after that, the price of bitcoin will not be much different from what you mentioned with $30K to $40K still quite relevant for us to see.

Yes, I also note that at this time Bitcoin is difficult to continue after touching the price of $ 35k on several occasions, if you see it again maybe we will experience correction first and rebuild strength in the next few weeks.

I think more about relying on the last two weeks at the end of the year to pump the price of Bitcoin to the $ 40K and yes it is my simple predictions and I am quite sure for that.

That number might be achieved by BTC, not far as I said, because if you think of achieving ATH I think it is impossible, unless there is news that encourages Bitcoin to gain crazy popularity compared to these new news.

35 k is sideways and 50k is up.  Both are there but I would like you to pick which you expect more.

50k is +47% increase over todays price so thats an aspirational estimate & would be the first option vote imo.   Its not sideways and its not down so thats my logic that just one of those three directions is enough for a very rough sentiment poll.     If we get 50k year end and 70k for new ATH in Jan it'd still be in before the Chinese new year, Im not going to exclude that scenario.  Hopefully you get this isnt precise, 50k is up alot so vote up.   Im sure I can find a wiki (https://en.wikipedia.org/wiki/Opinion_poll#Potential_for_inaccuracy) for why polling often biases results seen.

  None of us truly know what happens next, its all a degree of probability and confidence levels on those estimates.  I made it simple like a fence dividing a flock, less choices adds clarity & it makes the poll result clearer.  Simple up down, stay is all I think a few months deserves but I'll enter in any poll option if you request  presuming thats possible to do.
  ATH or more is quite possible, Im going off what we did in 2017 and I didnt expect but way back at start of 2017 I knew the market was likely to be positive from how it was acting with its most negative prices of that year but to boil over and hit such a high level of froth was a surprise to everyone.

  20x price lows in 2023  if we were to repeat BTC history would mean $331,000 by year end;  I really dont think so but Im not going to say never either.   I believe extremes will always be possible with BTC as supply is not expandable the contrast to dollar is wider then the grand canyon hence the price dynamics, pressure builds fast with demand.  Whats driving demand now I dont know.  Equally if someone wants to say 10k I would write it in, I'd like to know why also.

I was too tempted to hear that price, $331,000 and yes, that is a fantastic price to be true. I wouldn't say no either because something surprising could be possible. But the chances of getting that price at the end of the year are so low that many people are very hesitant to say so.

Everyone will be happy if we reach a new ATH by the end of this year, but it is difficult to expect it before the halving. The history say no new ATH is reached before halving, especially when it is only a few months away from the halving. About $50k is possible, but we'll see how this market grows with the latest developments in spot bitcoin ETF issues.

Wanted to go for the new all time high but realised we are nowhere near the all time high of 70K but if we spoke of the new high of 2023... I would say very much possible especially now when price has the momentum and everyone is ignoring the hoax of an approved Bitcoin spot ETF that sparked all this green move...I can only imagine how far price would go had the approval been actually been real ::)

Otherwise from the poll will settle for the "Prices are random" knowing very well prices could go down or up any second...

Prices are random!

This is my choice and its true that there's no way on making out some conclusions about on how the price might be ending up on a specific month of the year. Yes, it is really unavoidable not to make out those assumptions basing up on the history or past experiences on which it do somehow creates that pattern and this is where we do really do really assume out that it would be really happening
on next year. Yes, its been a long time that we are moving sideways and every that last months of a certain year then the community would really be having that impression that BER-months
could really be that somewhat bullish or do make out some bullish movements.

We've seen that in September, it didnt really move that much but when October kicks in then this is where movements starts to show up.
For sure lots of people hadnt been able to anticipate such movement and on just because of some economic sentiment or something external then it did
make out that kind of positive effect on which we are currently seeing as of this moment.

The market tends to move up and continues to test its new resistance. We have seen the $35k rise and perhaps we will see the $40k resistance broken as well. Investor optimism regarding the approval of a bitcoin ETF seems to be starting to increase, even though it was initially influenced by fake news. But this seems to be the beginning of expectations that bitcoin prices will recover to approach the 2021 ATH at the end of 2023.

Prices may be random because it is possible that the bullish movement at the end of October will end in bad FUD. We don't know, but I don't expect bitcoin to drop back below $30k.

It's gonna be a huge guessing game again and random results for sure.
It won't be that down much anymore like some are expecting it as low as $10k, we're passed that moment and probably never going to meet that price again.
But somewhere from $30k stable to $50k at the end of this year, that's random but still we're up and not yet on the ATH that we're thinking of since there's more for next year.

With the recent 35k surge that occurred days ago people's optimism towards the price of bitcoin is high and kicking with hopes for a favourable end of year 2023 for bitcoin price. And I am one of those optimists with all the issues rally round bitcoin ranging from the bitcoin spot ETF approval expectation, the halving and all of those dramas has influence bitcoin price in the positive direction in the past few months. So this remaining montha of the year won't be a bad one for bitcoin though I don't have specific figures but am optimistic it won't go below 35k by the end of the year.

I answered that we will go sideways because I don’t think we’ll be making a run for the all time high until after the halving. However, I do believe we will continue to drift upwards as big banks continue to stack coins in preparation for their exchange traded funds. So by sideways I mean we’ll likely drift upwards to end the year around the $40K level.

you are kind of in my ball park up a bit by dec 31. I think we get into the 45-48 spot this year.

I voted for : >UP to New all time high    (or near).

I think with this kind of bullish sentiments specially around the Bitcoin ETF, investors are very positive so I'm expecting that they are going to put a lot of money short term, or at least at the end of the year. So maybe we can see around $40k-$50k'ish as that could be the base price entering the block halving.

And even if we already know that the fake news really brought the price to $35k, it didn't deter the market and currently we are still in that price range, $34,126.51. So it could be that there will be another push in the next couple of months.
 

I feel like some sort of "we go up but not that much" option direly here. I mean I believe that 40k is possible, so I picked the sideway option because its not the ATH and it is more sideways in logic compared to that much increase, but it would be nice to have that option too. This is why many of these polls have ranges, like you could have done 20-30k range, 30-40k range, and 40k-50k range too etc etc until whatever higher amount you think, or just one that would be 50k+ range and just finish there. Obviously, this is just my opinion and doesn't represent anyone else, if you think that this was decent enough then yeah, 40k which could be considered sideways is my response to it.

For me, the current Bitcoin pump will continue till 36K before being cool off a bit, Though it will not dump much, but still i do not see this crossing the 36-37K in this year.

However, we can never be sure of the financial markets and hence we need to see both side probabilities and act accordingly. If we pump above 38-40K, then i am afraid we are in an early bull market which may end right after halving 1-2 months after. Since bull market peak and bear market peak come at a time when very few people are expecting it, so it is time to remain careful and vigilant.

I Think  that 36-37k is not likely as it would go past it to  low or mid 40's. 
But I do have sales set at 36.5 and 37.5 along with 39.5 and 40.5

If the report in this article is true, I speculate that we might witness bitcoin pump to $40k and it might go over this. However on pumping to a new all time high, I reckon this might come only after the halving.

In any case, much of you might consider this bad news but I will tell everyone for certain that this news is good news if you want more inflows of dollars to enter the cryptospace to pump your cryptocoins hehehehe.

There are stablecoin pumpmen who increase inflows for the cryptospace. I am quite certain that there people in the forum who do not like these pumpmen but they are there causing the pumps for you.

https://i.ibb.co/hMPD3QV/F40130-AE-2391-4063-9-C9-C-2196-E0-CEDBB3.png
The pumpman that we do not deserve

The US is losing its regulatory oversight over the stablecoin market, Chainalysis says in a new 97-page research report published this week.

The blockchain forensics company found that the majority of stablecoin inflows have shifted from US licensed companies to non-US licensed ones since March.

As of June, 54.6% of stablecoin inflows to the 50 biggest crypto service providers went to non-US licensed exchanges.

“Though US entities originally helped legitimise and seed the stablecoin market, more crypto users are pursuing stablecoin-related activity with trading platforms and issuers headquartered abroad,” said the report.

“Unfortunately, this means the US government is increasingly losing its ability to conduct stablecoin oversight and US consumers are missing opportunities to engage with stablecoins with the safeguards provided by the US regulatory regime,” the report added.

Source https://www.dlnews.com/articles/snapshot/us-losing-oversight-over-stablecoin-market-says-chainalysis/

If you are a Bitcoin investor, you will choose Don't know or care because your target is long term. You are better off accumulating more Bitcoins than following its price movements.

There is a possibility that the price is still random and Bitcoin price movements are still sideways even though there will be an increase little by little. But it doesn't look like Bitcoin price can increase to $50k-$55k or even $60k.

That's a guess because we don't know what will happen at the end of 2023. But I don't think Bitcoin price will drop below $20k but it can still happen.

I'm still in a waiting position but I don't really observe Bitcoin price movements and just know what the price is now.

Yes, I am of that opinion, but guessing games in the speculation section entertain us. I for one am torn between thinking it will go up a little more in price to between $40K and $50K at the end of the year and thinking it will stay as it is or even go down a little, as at least traditionally in the stock market the end of the year is usually low volume and making sales to offset losses for tax purposes. So I did not vote but that is what I think.

Sideways. I don't think there's any news capable of pushing through towards anything big so far this year. We might even see it going back to below 25k or 20k even if sentiment drops down, but even if it doesn't (or it goes up), I highly doubt we'd go far with it. I wouldn't go past it breaking through 40k though, there's still like 2 months and we're up pretty well. I don't really mind whichever though, I'm holding till at least a year or two after the halving before having any mind to selling it. End goal is at least price of past halving or something close at minimum anyway.

Let me make it easy. We have seen Bitcoins follows the history, and we have seen a pattern in it. We have seen Bitcoins reach a new ATH price in every 4 years. Now if we see the records, then 2024 is the 4th year. So everyone is expecting Bitcoins to reach new ATH price in 2024, hence by the end of 2023, we expect Bitcoins to cross atleast 50k usd or more. If this target is achieved then only we can see something big from Bitcoins in the coming year.

I believe that there is a great potential for bitcoin to rise before the end of the year, maybe not to set a new ATH as your poll option suggests but surely more rises. Specially since two things are currently happening: first is the the interest rates can no longer be increased any more than this (they won't affect inflation any more) so the bond market won't suck the money out of other markets as much as before. And second is that in recent times we have seen an interest from investors to buy into markets like gold specially with energy prices being on the rise again. Of course the investors will always have one eye on bitcoin market also...

I'm very optimistic that it is the right time for the bull and I vote for it before the year end that we are getting closer to its peak again.
The market is getting better, though the only threat is the possible WW3 but the rest are doing fine and in favor to Bitcoin itself.
Let's be more positive and hope for the peace in the world because if there's another war, it's useless to have more Crypto if you can't enjoy it anymore.

We all don't know when peace in this world will happen soon, as well as market conditions and the price of Bitcoin in the market which is also still difficult to know when it will increase again or just stay at the current price in the long term. Even though I am actually still quite optimistic that much better price movements are still very likely to come again to Bitcoin before this year ends, even though there is still one threat that could affect Bitcoin price conditions in the market as you said, I do not hesitate to continue to hope for price improvements in Bitcoin starting later this year.

not too sure that btc will touch its new ath at the end of this year considering that we are still in a sideways condition that could last until before the halving. but it is quite certain that btc will touch 40k usd at the end of the year with quite random movements. i am quite confident that we can reach this point considering that in the last few months bitcoin has experienced a movement that could be said to be positive and this price increase could be even more positive if driven by positive news in the coming months.

The end of 2023 is looking pretty good for Bitcoin when compared to the beginning and middle of the year we have been having a pretty bearish scenario without much perspectives and positive news. I believe we could reach Christmas nad New Year holiday with Bitcoin performing well yet. Maybe reaching price range near 36,000$ or 38,000$ would be a good sign, with a new resistance level around 40,000$ for 2024 and stability (support level) around 37,000$. If it happens, all we have to do is to wait for the bull run which must happen in advance if the scenario looks bright and promising, still in 2024 and not 2025, as some have predicted already in a more pessimistic situation.

It is looking convincing that next halving will see the price of bitcoin reaching a new ATH from the current and usually that is how it happens. However, I'm still surprised that the price keeps going higher despite that during this time in the past, the price doesn't get high as it is selling now at $34k. I think the hodlers of bitcoin are part of the reason for the price steadily improving to this time. If the steady increase continue until the ending of this year to the beginning of next year, it means halving will hit the market at a time it is already bullish and that may be the first time it will happen.

if it becomes 331,000 by dec 31 it would be nice  but I consider that next to impossible.

We can only hope that the price increases to $40k and $50k by the end of the year. Meanwhile, the price is still at $34k so we still have about 2 months left to see if that can actually happen or if we still have to wait some more.

And we are already at the end of this month so we still hope there will be another increase for Bitcoin. But if next month, the price can't reach $40k, we can't do anything and we can only wait. Maybe we hope there will be positive news for Bitcoin so that it can push the price to rise higher, at least to the $40k-$45k level next month. And then, in December, there will be a move to $50k.

Yes, you are right. The guesswork in this speculation section entertains us. We both don't know what will happen to Bitcoin. Meanwhile, the price is still moving wildly without anyone being able to predict it correctly. And that's the beauty of Bitcoin in all its mystery.

I can see that happening and very easily too as if it were a piece of cake. But only under one condition: if they decrease the interest rates. The amount of money that floods the markets like bitcoin would shoot the price up, with the potential bitcoin already has $300k would only be the start.

Maybe because everyone is still holding and positive about the ETF approval since there’s no news available regarding it that will create FUD to the market. It’s also understandable why everyone is holding since there’s upcoming big event on crypto that will make the market bullish which is Bitcoin halving.

We might see some retrace in the following weeks before another huge pump will occur assuming everything will be as is without any manipulation.

  I'm already 4 days behind the event of this prediction about the price of bitcoin towards November, today there is an increase of 300$ per bitcoin piece impressing the journey of the past 5 days but today is so pronounced, maybe because of the holidays they are not really needed for the hallowen party.

  Two more days to determine and in my opinion still enthusiastic to be bullish for the close of the month with optimism for about 1% more.

  Next month if possible take profit, and there is bearish there are some people will take advantage to buy slowly towards halving next year, some need funds for real life towards the new year there are those who enter funds to save for the new year, i think November has entered that phase.

Seeing that today's Bitcoin price is still not that far from $35K, it is possible for Bitcoin to move to $40K if there are good incentives from several aspects, including from the aspect of good news for Bitcoin itself. I just hope that in the next two months before this year ends there will be more investors who want to enter the market to buy Bitcoin so that it can produce more positive price movements than this month. Because in two days we will all leave October and head into November which is still possible for everyone to expect a price improvement in Bitcoin.

I'm confused which to choose. The 2023 end price might be in between the price right now and the all time high. I don't think the all time high will be reached back within 2023, but it is also possible we won't just be moving sideways. $40,000 or $45,000 isn't just sideways. It's a good rise already but not high enough to be considered near the all time high. It's possible the final price of 2023 will be within that range.

On the other hand, $20,000 is probably not anymore a big possibility considering the excitement over the potential approval of a Bitcoin spot ETF and the upcoming halving. Of course prices aren't random. There are factors which affect it.

I picked "We dont greatly move anywhere - sideways". I would easily explain it: market is very optimistic compared to months ago as there comes new demand anytime bitcoin relaxes and price goes down. I wish we could go back to 20k again at least for a week so I could increase amount of Bitcoin I hold but I think price will move back and forth between 30-35k for couple of months. I believe if etf approval expection comes out negative, we may hit 20k. That is only possibility that we can experience. ETF thing is pretty hard to predict.

I do agree that it will definitely end as well as we could hope for, not something unrealistic like breaking over ATH or something, some people expect that but I feel like a maximum of 40k would be good if we can break that then we will be doing fine and that is not going to be all that bad. I know that it is going to be a period where we could be seeing it grow bigger and better eventually and that should be an important case for us. If we can finish the year on a strong note and just do better with time then we are going to be carrying that to the new year and be happy about it.

I think it is possible, we have just two months left, November and December which means that if we do not go back under 30k, and keep growing and reach to like 40k during this next two months then 2024 will start a lot better. Why is that important? Because if we can carry the momentum then we will have halving and then that would be another hype that will take it even higher in the future.

We have seen all the signs which has happened in the previous bull runs like pump in the value of bitcoin and altcoin following the same path. But this doesn't possibly mean we will have a bull run because if this turns out to be bull trap then it would be a disaster. I feel Bitcoin will breach $40K by the end of the year atleast once and if it sustains more than $40K for a fortnight then it will be racing towards new ATH.

The market of cryptocurrency especially bitcoin is getting positive since 13th or 18th of October, so the way I'm the the acceleration of bitcoin price  I believe that this remaining month's in this 2023 been November and December, so I believe that the price of October will lead us to enter into 2024.

When you ask me to predict the price of bitcoin I don't think that I can guess or predict accurately, the fucking thing in bitcoin is that nobody can predict the price accurately, it can be up in price and next five minutes or hours it will change to another price.

The way I'm seeing bitcoin currently I believe that the price will continue to be rising until this year get to an end the way, I'm seeing the price of bitcoin increasing instead until this year get to an end the way I'm seeing the speed of bitcoin increment recently,  I don't think the price of bitcoin will be in any way fall back to twenty thousand [20k]
or below thirty thousand [30k]

We should know that one of the major reasons while bitcoin get increased should be as result of information, so bitcoin as it getting into bull season it maybe that their is investors that is into bitcoin investment that makes the demands of bitcoin is higher than the supply...because its only when the demand of bitcoin is higher than the supply due to information obtain from investors do make bitcoin market to continue to be flourish.

From what we have seen in the price lately we are going to see Bitcoin end up the year pretty well, Right now we have a high chance of seeing the price go up rather than going down to 20k as suggested by the poll, So at least I'm expecting to see the price do a price increase to $45k -$50k or even more from the current price towards the end of the year,  Because Bitcoin almost met my terms of expectations from my analysis.

I can't say that we're moving into bitcoin's new all time high but I am positive that the remaining months of the year will bring higher prices for bitcoin most especially that the last quarter of each year are the best days for bitcoin. Although there might be some price corrections or market crash in the process but I'm quite certain that it will never drop so low like $20k below.

However, all we have at the moment are just pure assumptions. Bitcoin may continue to move up or the other way around. But one thing is certain, if ever bitcoin price makes another significant price drop, then never miss that opportunity to accumulate more bitcoin in preparation for the next year's awaited event, the bitcoin halving.

The expected ETF approval might also be one reason why bitcoin price looks bullish. If the headlines about the fake approval made bitcoin price to jump high suddenly, then the more we will expect a great move when the real approval is already happening. However, that's not going to happen this year but most likely on the first quarter of early next year based on the news so probably, we might encounter first some price decline for bitcoin before it hits a new bigger price. And when that happens, a lot would be entering the market again not because the price is currently low but because they believe that after that, bitcoin will eventually create a significant price increase that's unstoppable. Although the assumption is not quite bad, but make sure when that happens, never invest more than you can afford to lose. No matter how affordable bitcoin is, always risk the money that is acceptable to lose.

Bitcoin already came through with the positive sentiment. Now I think that other innovations will capture some deserved/lost value, while more positive inflow happens daily by institutions who are aiming to be providers of the ETF.

Gradual positive btc inflow, trickling to worthy alternative protocols, feels like what the coming months will entail. This is a conservative view as sentiment is crazy right now...and institutional impatience could send Bitcoin flying upward in the click of a few buttons. I'm very curious to see how the rest of the year plays out, and what will happen in early 2024  :)

ETF approval remains in doubt - but there is optimism about it. The market still has good potential to climb higher towards the end of the year - even if ETFs don't show anything more positive. The halving that will occur in 2024 is expected to have an impact on increasing demand - so we are likely to see large investors coming in towards the end of this year.

Today bitcoin is still above $34K - that is to be expected. If bitcoin price can stay above $34K longer - then I believe there will be a bigger rally in November, so no manipulation is expected.

I think this is a huge guess and difficult to predict though. We've already seen the price of Bitcoin fall below $10,000 as many people said at the beginning of the year, but we haven't gotten to the point where we've been through those times. And I believe we have passed those times and currently the BTC market is in a good position so I guess it will not be possible to go back to that state.

As currently we have seen a lot of pumping in the bitcoin market as compared to before and has touched a maximum of $35 dollars. According to that we can say that no further down is possible and Bitcoin will run to higher levels in coming days. As we can see the market position is very good right now and next year our bitcoin will be halved so the market is likely to grow further towards the end of this year. And I guess by the end of this year the Bitcoin market peak ATH will be around $45k. As Bitcoin halving is not long until next year, then there is a bull run in the Bitcoin market and at that time Bitcoin will go to all time highs.

I think all the options on the poll are valid even 'dont know dont care'.  I heard people who've held BTC for ten years say that because they place price secondary to the utility in BTC.  They are the earliest bulls on BTC and way back in single or double digit prices for BTC I thought little of its longevity potential; it might be key that price isnt the most important factor, its the tail not the head of the beast.
  Anyway I placed my vote and options close in a day, any vote is valid to be changed if the last week altered anyone's opinion.  Not trying to rush anyone, I often take a while to decide compare contrast all that :P
 

@STT. It might also be they do not care because they have already made much money for their needs, wants and for their retirement. The price pumping to another all time high will only be something similar to a bonus hehehe.

In any case, what does everyone think of this speculation? I only found this on social media.

https://i.ibb.co/6byLFyR/326-D0143-D8-D8-4674-A1-E9-864788-D4557-B.jpg

It was very interesting to see the picture. We have many scenarios that could happen to Bitcoin and this image is one of them. We will never know how Bitcoin will move later. If there is a deep decline first before the price rises high, it will make people who are not ready for its arrival panic.

But it would be a good time to accumulate more Bitcoins. There will likely be a decline before and after the halving. I don't know whether this is right or wrong. And it looks like, at the time of the halving, if it does go down, it will be like a massive cleansing process from the market before the altcoin season comes.

Maybe we will see a change in the crypto market where the position of the coins might also change. This is becoming more and more interesting to follow ;D

I may sound like a broken record again, but I believe that because of some macro-economic and geo-political conditions, there's a possibility of something unpredictable, a Black Swan that could happen that might get eveyone by surprise. A "Lehman Moment, A Nuclear Strike, another Virus like how the pandemic started during 2020?

But what that truly is though is another golden opportunity to, Buy the DIP and HODL. Bitcoin is priced higher away from the discount level. It's probably good to start lessening DCA and wait for DIPs for bargain hunting. 8)

I could not find the option that I wanted to choose in the poll because I believe it won't go sideways but it would also not go as high as creating a new all-time high just this year. The maximum that I can think of is maybe $40k or $42k because there will obviously be small corrections every now and then, and I believe that will be a great start for the most anticipated bull run if Bitcoin manages to go above $40k before 4 months to the halving event coming in April 2024.

I could also say that the price will drop below $30k once again but I'm not going to because I saw the market going down to $33k after reaching $35k but it couldn't go lower than that, so I believe the upward movement is much stronger than the drop at the moment which will probably become the reason for it going up more.

This will be a good thing to mark the end of the year with because better is the end of a thing than the beginning thereof, just as October had already been seen for this to begin the season for bull, now if we also have the remaining months left for the year to serve as bull market isn't bad, because we've been on the dip for a while hoping for season like this to come.


We can experience a surge in the bitcoin market price at any time, there are many factors that can be a determinant to set for this kind of experience each time we are due for that, the remaining months in this year are likely going bullish.

But, I think there are also times that it wasn't followed, so don't be too confident. If only the history always repeats itself, many or all of us here are now rich because we already know what are the things that we will do. There's are also people who simply lacks in patience. So even if some things repeat, they don't have any coins anymore to sell during those best moments. We can cross $50k but there are no guarantees that it will continue.

Well, at least we see that there is still an effort. If we can make use of the fluctuations we can still earn. Not only traders can do it but investors too. Specifically the short and mid term one's

The month of octobar remains positive mostly due to its previous month's usual negative price action. The month of november can be positive or negative but from december to march before the year of bitcoin halving, the bitcoin market shows a correction to liquidate long and short positions is mass before the bull starts its rally. This is historically accurate but this time it can be different though i think history will repeat itself this time too. I don't think the bitcoin price will exceed 40k this year nor will it go down to the $28k level.

According to global economic indicators, a recession in the United States is inevitable. In this case, there may be a decline in the cryptocurrency markets in the coming periods and another decline such as the covid decline in the Nasdaq S&P stock markets can be expected. If the conflict in the Middle East escalates further, the situation could be reversed. Gold and Bitcoin will come to the fore as capital preservation tools and, sorry, the markets will continue to feed on blood.

In the opposite scenario, we could face a prolonged period of high interest rates, tight monetary policy and limited liquidity, and the crypto bull market will come later than expected. The end of 2023 is just around the corner and the escalating conflict in the world is preventing Bitcoin's decline and declining demand for Bitcoin. The continuation of the war in the Middle East seems inevitable and I think Bitcoin will close the year above $40k.

Bitcoin will reach as high as $50,000 by the end of the year.
This might be higher depending on what will be the verdict of SEC with regards to the Blackrock fling for a Spot Bitcoin ETF .

If it will not get accepted this year, I guess the safest one would be at around the $40,000, but if out of nowhere it gets accepted, my prediction of $50,000 might be too low. On the other hand, there might be a chance that it will go below $30,000 again, but the chances are low unless there will be some bad news happening that will affect the market.

Base on history, Bitcoin's price tend to go up during the final months of the year, so there's a chance that it might happen again.

this is why keeping tabs on what may happen to the world in these final months will help us on what may possibly happen to this market. as the market is very volatile and influenced by so many factors, what we can do is wait and see what's gonna be happening in these coming days. we need to look out for these big stakeholders about what they are doing and we can get insights on where they are heading at.

I like your bullish prediction. 40 thousand even if the ETF is not approved? I doubt that we'll do that good this year.

The way I see this market we're going to bounce around between 30 and 35 and if the ETF is approved we'll push higher. Even if it doesn't we could start a new rally in January bit I just don't see us making 40 before the end of the year without major news.

It's possible US stock market will crash in the coming months and we'll see how bitcoin reacts. It used to react to these big stock selloffs. In 2020 stocks crashed and bitcoin followed. I hope we can finally break this trend and be independent.

Monitoring things that might happen in the market due to several factors is also part of preparation to face any conditions that will occur in the market and in life. Because apart from having to use time to make monitoring which is considered important, I think everyone also needs to prepare reserve money to prepare to buy when there is a momentary decline in prices in the market. Because that would be much better than just watching like someone watching without making any preparations for action.

Yeah, I can feel that many still believes that it will be accepted. Some already loses their hope but it doesn't mean they also give up on hodling. No, because they know there are still good reasons on why they should continue what they have started. If fake news about ETF is possible then why not the FUD's about it? I think it's also possible but only weak people are going to be affected by it. Sorry to say this but manipulations will never disappear. But what makes it different from the normal market? I mean we can still see a retracement and then a huge pump, though maybe the intensity can be higher but I think that was a good thing.

Ser, it was what they say as the month of UPtober. But for the month of November, I believe there was a Bitcoin price monthly table that was posted in one of the topics that illustrates that November = MOONvember.

8)

Plus I agree that there's some probability that Bitcoin crashes before it surges after the halving, BUT that would be caused by something very unexpected. A Black Swan, and there's no point in trying to know because actually knowing before it happened would make it not a Black Swan.

On the time that you had stepped your foot into this market then you should really be that come prepared or else you would really be just that simply freaking out on how prices would really be moving.
If you wouldnt really be that able to make yourself that get prepared then expect you would really be having that kind of reaction on which you would really be starting to doubt if its really that wise for you to have this kind of involvement or dealing with this market. The primary thing that you would really be needing to consider is to accept the risks on this volatile space and trying out to prepare on handling yourself into something which si really that totally unpredictable. In overall in talks about end game then there's no way that we could be able to tell on where prices would be going yet everything would really be that varying on the demand and recognition.

Always make yourself that get prepared for whatever non obvious manipulations on which this market could have. It might not really be that obvious but its not something that would be impossible.
Expect for FUds and Fomo's that could exist or really that would be wandering around into this market. You should really be that having a tough emotion and thinking or mindset
on sticking into your own trading ways and analysis in regarding about into your position. Dont make yourself that easily get affected even if it isnt really that necessary.

Yes sir, it will take another black swan event like the Terra Luna or FTX collapse to bring the market down. However, I think we have pass that stage already, not seeing any black swan events that will dampen the market again just like what happen last year wherein there's string of bad luck in the market. Or shall we say that how the market reacts after a bull run, from all time high of $69k->$15,500 lowest low.

So why not? October still proves that it is will continue one of the best months for Bitcoin and it really did. And from the last lowest low, we are now 100%++, so that is already a big accomplishment for us. But it's not done yet, pre-halving we might be looking at around $41k-$45k price range.

With that, next 2 months will still be as exciting year ender for everyone.

The majority of crypto investors can't be expecting a bullish end of the year for bitcoin at this last quarter of the year, they would prefer to see a moderate price of $35k - $40k by the end of the year.
At this end of the year, so many of us would vote for bitcoin to move sideways in price but not to lower back to $20k or not near ATH.
From my observation, I think the price of bitcoin will continue to range from $33k to $40k in pricing towards the end of the year.

I agree with you too in terms of the price range expected by the end of this year. Bitcoin have kissed $35k few times already and went back to below $35k, so I believe on few attempts more, it will break that zone and reach for the $43k area where I'm seeing close for the year as we prepare for bigger moves from January 2024.

If there will be bull run next year, this year will shown the signs already as it has been in the past.  This year will not really be much different even though more factors are at play now than in previous years.

How are you so sure that there won't be any black swan events as you have claimed? FTX, Terra Luna crash came without any announcement and if there is another event like that going to happen, then you won't be able to react fast enough. This positivity that is happening in the market right now will give investors hope that it won't turn into a black swan event, but at the end investors will realize that their portfolio is almost 40% down.

We are going to see an exciting year ahead of us but that excitement won't come without any drama. If it is that easy to predict the future outcome then how will whales make money? They play with our emotions by giving us hope and making us greedy then crash the market to create fear that provokes us to sell off at a loss.

It could still be considered as bullish though if we reach around $40,000 at the end of the year. The lowest price that we got is $15,500 last year. So that is a big increased in the price already if we touch based like $35,000-$40,000.


It's really difficult if we look at the start of the November, for the start of the week though, it seems that there are selling already as we fall from mids $34,000 when we thought that the price will continue to go up and breach at least $36,000.

So many things can still happen in the next week or so at least this November, others say that this could a bull trap. And there are speculations that we might go down to $32,000 before we can go up to $40,000. So many scenarios and we really don't know where the price will move at the end of this month or even this 2023.

This year cannot be called a bull season but even bitcoin cannot surpass $35k, we can say that this has been a bullish year for bitcoin if we compare it to the lowest price of $15k.


Bitcoin went from $28k to $35k and is still above $30k, so it would be ridiculous for someone to say that this is a trap. If it is a trap but most people have profited from it, can it be called a trap? In addition to long-term investing, I also use part of my capital to trade and earn more than 50% profit on my capital, is that called a trap?

32k isn't that important anymore. The main thing is that the trend, which was the whole 2023, does not change and we do not see the bottom again. If this does not happen, it does not matter how strong the corrections will be. We can calmly wait for halving and buy more coins if possible.

A bull trap happens if it goes from $28k to $35k and drops to $27k, that would be a perfect trap.
But when the Bitcoin price is still holding above the $30k price and now even still holding in the $35k price area, this is certainly an advantage for those who buy at the lower price.

Those who say this is a trap don't fully understand how the crypto market works and where to buy and sell.

We will see another spike as the Halving approaches and some corrections are certainly needed and this is normal, the important thing is that we are ready with strategies and to buy back.

The time to accumulate coins for a good price is coming to an end, and people need to finally commit to a decision, they either buy now and enjoy the profits such a decision will bring them or they stay away from the market until the bull run ends, as buying during the bull run is a move that is too risky, since we will never know when the bull market will end and at what level, so by taking a position early and holding our coins we are basically guaranteeing we will obtain some nice profits once the bull market comes.

It's not that they don't understand the market well, it's that they are too subjective with their judgments and predictions about the market. So when things go against what they predicted and they miss the opportunity to make a profit, they call it a trap. A lot of people missed the recent mini uptrend because they thought bitcoin would drop to $20k before rising to $35k.
Not just bitcoin, many altcoins also had x2 or 50-70% gains and brought significant short-term profits. Since we are in bear season, making such a profit is not bad at all.

A trap resulting from a wrong prediction.
Even though we all know about how crypto predictions work which certainly will not be 100% accurate, whoever makes the prediction will not be completely correct.

Looking back at how people like that are too subjective, of course, such a mindset must be changed so that they realize that what they think is a trap is a mistake or inaccuracy in the predictions made.

Need to learn more about the science of trading.
But not only technical analysis and fundamentals, but learning to manage psychology will help in responding to any price changes that occur and not panicking too much with predictions that are not suitable.

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

If you dont buy now you are fearful.

Simply do a weekly dca for the next few years.

I did a dca from nov 2022 until nov 2023.

spoke about it frequent enough.

Buying a huge amount right now is risky but a dca is fine.

being a timid person on the sidelines does not work.

Have you checked the market, bitcoin price has increased to $37.5k, those who still call this a trap should consider whether their plan is correct? I think bitcoin will continue to conquer new levels in the coming days and we have the right to expect $40k this month. Bitcoin has increased more than 35% in the past 30 days and shows no signs of stopping. We should enjoy this moment instead of saying it's a trap and waiting for something that will never happen.

LOL traps that make profits, but don't try to buy when the price is already high and at the top of the resistance.
$40k seems to be the number that Bitcoin will reach if the trend continues to improve and the nearest resistance is always passed.

November has been a fairly bullish month and this is still the second week, if Bitcoin still stays in this position we will see another price increase.

But also need to be aware of price corrections and some downturns due to FUD that can appear at any time.
In December we will also have BlackFriday which will be a month of discounts.
It will be a good month to buy back and continue to accumulate Bitcoin holdings.

if Bitcoin reach 43k this year, sorry to all but I will take out all my Bitcoins for a while and wait when dumping comes that I surely will happen because of too much pressure about the next halving when Bear market expected to happen before the final blow and bull happens.
now we have staying at 35k and hope this is the beginning.
if you are talking about the play then we must expect another dump before Bull run and trust me this is not as good as we expect because we are nearing Halving and sure skyrocketing will come.

At least if the top is the all time high, so if you buy on that price, you really have to wait for a long time to make some profits. But if you buy at some point in time and then we went on a bull run and all time high, and during that time you think that it is already expensive but you still bought because you look for long term, then why not? you can still squeeze some profits.


It starts on October, from $28k-$32k, now this November we have reach like $39k and now back to test the support line of $37k.


Yeah, but the next coming month or at least the end of the year will be very interesting, yeah it's holiday season and there could be some selling their stash to have some cash. But I'm seeing that the price will continue to grow, so it's going to be a dilemma if we are going to sell or just continue to hold and still enjoy the holiday seasons.

Maybe more precisely Bitcoin will test the closest support at $36,200 which is the Flip trend area on the 4H Time Frame, if it is able to survive in that area we will still experience an increase.
But some corrections are needed because the price is already overbought and after that, we can see Bitcoin break the $40k price later.
https://www.talkimg.com/images/2023/11/11/teLr1.png (https://www.talkimg.com/image/teLr1)

Some investors will definitely sell their holdings because they have made profits when buying Bitcoin in the 42k price area or below.
Most of the sellers do swing trading and Black Friday is their first stop to take profits.

The continues and exciting increments in the Bitcoin markets values is being impressive by its investors and many Investors are likely to hodl their coins and are even attracted to top up to their Bitcoin trades because they wanted to take advantage over the impressive increases while awaiting (willing) investors has been expectations a falling value in the Bitcoin markets so that they could Invest but since the market values doesn't seems to stable or getting to low in other to impress these willing investors, while the market keep to increase the willing investors are left with no choice than investing as budgeted.
So I can say this season in just couple of few months is attracting more investors and are encouraging its investors to hodl and miners are accumulating the coin.

As a matter of fact due to the structural formula that the more the demand and more it is hodled is the more increments in space of Bitcoin.
So I would if the Investors dances to the tunes as thought then there would be more appreciative increasement of Bitcoin value maybe within $39K but if contrarily, then there would be a depreciation of Bitcoin value but not going below $29K.
All are still predictions that can't be relied on because Sometimes we predicts the  impossibilities but trades on the possibilities.

Not only that, fear of buying Bitcoin when the price goes down will also not get you anything, because the only way to make a profit in any case is to have the courage to act and buy when conditions are bearish. So it can be concluded that fear and greed are two things that will not benefit anyone who does them, because basically they don't have the courage to do something when conditions are different and change for the worse.

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money :P

And I hope they also fail in this period if they intend to dumping prices. The market is expected to move higher towards the end of the year especially as rumors about ETF approval become stronger. A bitcoin ETF hasn't been approved yet - but big investors appear ready to take part in large sums.

The best thing now is to stay calm and continue holding bitcoin without being too affected by the volatility of its value. Bitcoin own for the long term - but of course some of us may sell a few percent of holdings out of necessity or whatever reason.

Agreed heehhe! However, this pump might only be a speculation on the approval of the spot ETF. The next scheduled date for approval or rejection is on November 17, there are 2 applications and another one on November 21. If they are rejected, it might be a sell the news dump, I reckon. However, if at least 1 of 3 is approved, we can be quite certain that we will witness another pump to $40k.

The most bullish might be if 3 are rejected but bitcoin does listen and pumps to $40k hehehe. This would certainly be a declaration of strength by the bulls that we are officially on a bull market.

https://i.ibb.co/Zg1xpT9/7-CAD64-DE-AB84-4-A5-D-AEFA-79590-F6130-ED.jpg

At least the casted votes did not even go close to negative because all the votes and replies coming forward to have more than 20k level till its done.
Some to believe it will Break the ATH(in which I will not believe still,not until next year) while others are still good to believe that they will see a no sideways movement and yes there are no correction being said.
still waiting for 40k to wave on me because there is a plan that will only takes place once the price covers.
hoping that anytime soon 40k above will be on the market and so my folio will ready to shine in Bull market if my plans made it there.

Correct, while the markets move on those two raw emotions, it is a mistake to follow them, a trader needs to remain calm under those circumstances and perform a series of actions that at the time may not make sense, but that given enough time they will, just like in the example you give, it may not make sense for your average investor to buy bitcoin when its price is still going down and a long bear market will follow, but for the investor that is thinking long term this is the perfect moment to buy bitcoin as there will probably be no other time in which they will be able to buy it for such a cheap price.

It appears that we might have gotten the most neutral outcome hehehe. There were no ETFs rejected and approved, only the postponement of the SEC's decision. There is also no big dump of bitcoin on our faces, only a small correction. This might be the most favorable of what might occur if there was no approval from uncle Gary hehehehee.

I guess there is still hope for 2023 because, BTC price can still rise to reach $40k before the end of this year which is possible for such thing to happen in the market and, we have experienced such things before in the community that made many hodlers that nearly lost hope to start celebrating for the surplus profits they achieved. If you look at the beginning of this year till early October, you will know that bull run will still flow before the end of this december because, I have carry out my personal research, I believe something good will still happen that will affect BTC and other cryptocurrencies positively.

If BTC can reach $38k, Ethereum $2k and other coins take a good steps with them in this month of November, it is a sign that bear run is coming to an end any moment from now for the massive bull to roll in for hodlers to start making profits.

I love for that to happen again, that would mean that would prove the doubters of bitcoin that you can never control how the price of the market will move no matter how many whales there are and it's a lovely thing to see these whales lose their money and sacrifice their wealth to the almighty bitcoin, that compound bearwhales is a little ironic, a billionaire that's always negative about the market that's making them the profit. For me, I think we will see a really good year end for bitcoin because December is a pretty good month right, what I am worried is that I would be able to sell my bitcoins when the year ends because January is a bad month and I want to capitalize on that potential in January to get back in with even more bitcoin value.

I dont care is totally fine as an option imo because price is not the most important factor despite this being the speculation part of the forum I think thats fine to say.  Price isnt accurate maybe ever, its not actually determining value just those people bidding like an auction sale the price can be wrong and yet we have to guess its direction etc.
  In any case the vote was fixed start of this month just to capture sentiment at that moment, indecisive was a fair outcome.  Of course I take it as easily ironic, if we all voted upwards it would be inversely a negative sign.

2017 repeating, from my recollection I remember many bouts of almost outright chaos in those months.  Not only the gigantic price change but the news and the great big split that occurred in that summer.   People were bearish with some good reason, it wasnt easy going.  The Chinese banning BTC, yet it recovered, the traffic stalling, fees occurring was a factor imo.   I couldnt compare now to 2017, its dead calm comparatively I kinda wish we could have a do-over but nope this aint it.

https://news.bitcoin.com/an-in-depth-look-at-bitcoins-first-chain-split-satoshi-helps-reverse-the-creation-of-184-billion-btc

At the current price of the market, I have the feeling that the bear season is over and what we are seeing now is just minor retracement in line with how the market moves. Even though we might not conclude so fast, there are high indications that we are in a bull dominated market.

Many things are still unclear regarding what the market will do regarding the news of ETF approval of rejection.  There are also other factors that might influence the market including the ongoing Ordinal hype.

In my opinion, the market is only recovering but there will still be subsequent declines, because according to past history there will still be several more declines before the BTC halving occurs.
This is just speculation based on data that has already occurred, but could change due to other factors.

The markets are very dynamic and this means that there could always happen something unexpected that makes the market to change directions very quickly when no one expects it, and we just saw this yesterday when CZ was forced to step out of his position as the CEO of binance, this caught the markets by surprise and binance went down 9% or 10% in the lapse of just a few hours, so even if the overall sentiment right now is bullish, bearish news can still happen at any moment and send the market in a downward spiral quite quickly.

It's just interesting how all of this happened in the last 24 hours and right now, the market is just moving towards the north like there's no tomorrow. This is what makes crypto interesting. Down today, upONLY tomorrow. Yesterday, everything was —10% across the board but today, it doesn't look like yesterday was such a day.

Anyway, I'm looking to see if Bitcoin can finally break $38K otherwise we might be in for another move downward. Interesting times despite everything the industry has been through.

At the end of the day Binance is an altcoin exchange and anything going wrong with it would first and foremost affect altcoins not bitcoin. This is why despite this news and the follow up FUD and the market manipulation, bitcoin price didn't really change. It is still staying above the $35k level as it was ever since early November when we first broke this resistance.

No way to say this with more truth. Binance was very different from a regular CEX because it not only heavily promoted alts but it created some of the biggest alts in the world BNB and BUSD.

Past few years, I have said many times about Binance and BNB, and so many people defended them.

Now these guys admit. Not just to fraud you know, but to accepting illegal clients and illegal money. Still think they were important to Bitcoin?