Will Bitcoin Price Hit $23,000 in Q1 2023?

[michellee]

Bitcoin price is displaying some stability above $17,000 as it is holding these levels despite the bearish attempts to drag the price lower.

As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain its price.

Will it reach or cross above $20,000 in Q1 2023?

The price could reach or exceed $20k in 2023 but I'm not sure it will in Q1 and we still have to wait until towards the end of the year to start drawing conclusions. Meanwhile, we can make purchases at this time because the price is dropping again, but this depends on the readiness of your capital to buy bitcoin again. If your analysis says that bitcoin can decline more than its current price, you can wait for it and don't rush to buy bitcoins. I feel that the price of bitcoin can still go down but I don't know how much because it's still a mystery.

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[justdimin]

I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.

Not many people agree with that I am afraid. Look at the market and the recent small drop, do you think that if people believed price would have gone up they would end up doing it again?

Of course not, they would be buying right now and not selling so that means if the prices are even slightly down, they do not believe that it is going to go up. Obviously there could be some people who do, and they are buying, but if the price is going down that means more people sell than buy, so more people are not seeing it go up. If they see price hitting 23k in Q1 and yet still selling right now to buy later to make a profit in the middle, that would be the riskiest move of all time.

[Husires]

What is special about the $23,000? It is not a resistance level and it is not a turning point in the price. The turning points are 18000, 21000 and 25000. 23000 is just a price barrier at which the price may stop for a while, but it does not represent a point of change in the nature of the price.

Bitcoin can return to that price if:

• The Russia-Ukraine war ended peacefully and the energy problem was resolved.
• The Fed started pumping liquidity into the market and declaring inflation control.
• A decline in the value of the dollar, or an increase in risk appetite.
• Huge investments from institutional funds.
• US ETF announcement.

[btc_angela]

What is special about the $23,000? It is not a resistance level and it is not a turning point in the price. The turning points are 18000, 21000 and 25000. 23000 is just a price barrier at which the price may stop for a while, but it does not represent a point of change in the nature of the price.

Bitcoin can return to that price if:

• The Russia-Ukraine war ended peacefully and the energy problem was resolved.
• The Fed started pumping liquidity into the market and declaring inflation control.
• A decline in the value of the dollar, or an increase in risk appetite.
• Huge investments from institutional funds.
• US ETF announcement.

What are the chance of either this scenario will happen in 2023?

So it's really hard to answer that question, but yeah maybe one of them will spark the market to make a run into at least $23k. But we all know that next year, we are in the second half of a bear market so I doubt that we can see the price to that level even if those scenario will happen, just saying.

Might be better if this will happen at the bull run though, because it will be easy for the market to push the price  and maybe we may see 6 digits at that time because that's what we all have been waiting for.

[AmoreJaz]

What is special about the $23,000? It is not a resistance level and it is not a turning point in the price. The turning points are 18000, 21000 and 25000. 23000 is just a price barrier at which the price may stop for a while, but it does not represent a point of change in the nature of the price.

Bitcoin can return to that price if:

• The Russia-Ukraine war ended peacefully and the energy problem was resolved.
• The Fed started pumping liquidity into the market and declaring inflation control.
• A decline in the value of the dollar, or an increase in risk appetite.
• Huge investments from institutional funds.
• US ETF announcement.

What are the chance of either this scenario will happen in 2023?

So it's really hard to answer that question, but yeah maybe one of them will spark the market to make a run into at least $23k. But we all know that next year, we are in the second half of a bear market so I doubt that we can see the price to that level even if those scenario will happen, just saying.

Might be better if this will happen at the bull run though, because it will be easy for the market to push the price  and maybe we may see 6 digits at that time because that's what we all have been waiting for.

first and foremost, no one can assure the price level of btc at a certain period of time. but we can all speculate on where it will land in your target timeline. so hard to say where exactly we are going as we are just relying on what news are we going to receive in the coming days. we can't also connect the btc price level with the situations happening right now, as there are news that can actually influence the price, like sudden news coming from musk regarding his crypto projects, who knows?

[stomachgrowls]

What is special about the $23,000? It is not a resistance level and it is not a turning point in the price. The turning points are 18000, 21000 and 25000. 23000 is just a price barrier at which the price may stop for a while, but it does not represent a point of change in the nature of the price.

Bitcoin can return to that price if:

• The Russia-Ukraine war ended peacefully and the energy problem was resolved.
• The Fed started pumping liquidity into the market and declaring inflation control.
• A decline in the value of the dollar, or an increase in risk appetite.
• Huge investments from institutional funds.
• US ETF announcement.

What are the chance of either this scenario will happen in 2023?

So it's really hard to answer that question, but yeah maybe one of them will spark the market to make a run into at least $23k. But we all know that next year, we are in the second half of a bear market so I doubt that we can see the price to that level even if those scenario will happen, just saying.

Might be better if this will happen at the bull run though, because it will be easy for the market to push the price  and maybe we may see 6 digits at that time because that's what we all have been waiting for.

first and foremost, no one can assure the price level of btc at a certain period of time. but we can all speculate on where it will land in your target timeline. so hard to say where exactly we are going as we are just relying on what news are we going to receive in the coming days. we can't also connect the btc price level with the situations happening right now, as there are news that can actually influence the price, like sudden news coming from musk regarding his crypto projects, who knows?

This is why im not really that stressing myself out when it comes to price analysis or point on a particular period of time because it cant really be always that precise or something you should expect on.

This is why its better to make our own analysis and trying out to make those strategy and placing yourself into something which you do seem that it would really be that something give off the chance
for you to make profits.
Hardest thing to deal with is against through volatility which is of course that you cant really assure whether those prediction of yours would turn out to be positive
or negative.

[BitDane]

Bitcoin price is displaying some stability above $17,000 as it is holding these levels despite the bearish attempts to drag the price lower.

As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain its price.

Will it reach or cross above $20,000 in Q1 2023?

Fundamentally, I don't think it can reach $20k+ in the first quarter of the 2023.  Please take note that the market is still in a bearish sentiment.  We all know that in bearish sentiment everything is harder to surge because it can be countered by a single bad news.

Looking forward for a better price in 2023 is a good thing but we should also consider the condition of the market.  Right now, we are still in the grasp of the Fiasco of FTX even though we have a good news about Brazil  accepting Bitcoin as mode of payment, but the effect of such law won't reflect asap because it has to be signed by the President and be implemented which I think that the law hasn't been signed by the president yet.

[JohnBitCo]

I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.

25000$ bitcoin price is not a big deal and bitcoin can hit this price as soon as there is some positive news in the market. It can happen in Q1 2023 or it may take a few more months if we continue to get the exchanges hacking and other bad news.

However, i am hopeful that the chances of bitcoin dumping more are slim and there is very less chance of an event like FTX happening again, so the prices will rise from here.

[LogitechMouse]

Bitcoin price is displaying some stability above $17,000 as it is holding these levels despite the bearish attempts to drag the price lower.

As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain its price.

Will it reach or cross above $20,000 in Q1 2023?

My answer will not be yes or not but in terms of how probable it might happen.

Bitcoin's Price Hit $23,000 in Q1 2023? Hmmmm I would say the chances of it to happen will be at around 10-20% at most. I mean right now, Bitcoin's having a hard time surpassing the $20,000 price resistance so I see the chances of Bitcoin going to $23,000 in Q1 of next year low. However, if we will see Bitcoin surpassing $20,000 next year and stay above it for a few weeks then the chances of $23,000 to be reached will increase significantly.

I don't know how it will reach that price or when (like all of us here), but I expect that what happened in 2022 might happen again in 2023. We might see the market going sideways next year.

[Edwardard]

Bitcoin's having a hard time surpassing the $20,000 price resistance so I see the chances of Bitcoin going to $23,000 in Q1 of next year low.

I disagree. The funding rates are negative which means most of the ppl are in short, once a few whales decide to push up the price, there will be way too much cascading liquidations / forced buying. It can shoot up to 23k within one month as the sentiments shift. Not a big deal!

We might see the market going sideways next year.

Possible, but maybe in the range of 25k to 40k? lol. Well, who knows but Im optimistic since even the fed wants to pivot according to many sources and the US INDEX already trying to recover in a healthy manner. BTC will follow suit soon.

[Lubang Bawah]

Before the FTX case in Bitcoin price almost reached $ 23K, unfortunately the FTX case was very massive and had a large panic impact so that the price had dropped to $ 15600, now the price has touched $ 17K and I am sure that Q1 2023 prices will reach $ 23k, now focus My biggest is to keep buying.

[Davian144]

Before the FTX case in Bitcoin price almost reached $ 23K, unfortunately the FTX case was very massive and had a large panic impact so that the price had dropped to $ 15600, now the price has touched $ 17K and I am sure that Q1 2023 prices will reach $ 23k, now focus My biggest is to keep buying.

It's amazing if you want to continue buying at this time, because it is still very possible to get profits next year for those who want to buy at the end of this year. But if you don't make a profit next year, try to save it for another year if what you are buying at this point is Bitcoin. Because Bitcoin will never lose the potential to get an increase in the market in better conditions. So when it's not profitable, you just have to be patient with what you've bought at this time.

[ethereumhunter]

Before the FTX case in Bitcoin price almost reached $ 23K, unfortunately the FTX case was very massive and had a large panic impact so that the price had dropped to $ 15600, now the price has touched $ 17K and I am sure that Q1 2023 prices will reach $ 23k, now focus My biggest is to keep buying.

Yes, that's true, but it is still possible that the price will continue to decline as it is affected by other issues, not just the FTX case. Some people predict the price of bitcoin will drop to around $15k so we have to be careful and while we are optimistic that the price of bitcoin could increase to $23k in Q1 2023, we can't rule out any dips that may occur later. And if we can be aware of all possibilities, we will set up some funds to buy bitcoin at another low price so we can take advantage of that opportunity.

[Bitcoin1216]

In my opinion it is very possible, in the middle of last November the price has touched $ 22k, unfortunately there was a FTX case that made panic and there was a correction of up to more than 35% to around % 15k, and now the market seemed to be starting to grow positive so I was sure Q1 2023 would touch $ 23k even more.

[fzkto]

I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.

Not many people agree with that I am afraid. Look at the market and the recent small drop, do you think that if people believed price would have gone up they would end up doing it again?

Of course not, they would be buying right now and not selling so that means if the prices are even slightly down, they do not believe that it is going to go up. Obviously there could be some people who do, and they are buying, but if the price is going down that means more people sell than buy, so more people are not seeing it go up. If they see price hitting 23k in Q1 and yet still selling right now to buy later to make a profit in the middle, that would be the riskiest move of all time.

I think buying now is less risky than buying last quarter, when many also said the fourth quarter would be green. But so far we have the price falling all this year. But it is logical to assume that next year will be good for cryptocurrency. I don't know what will happen in the first quarter, but it is still almost a month away, and if for example there will be growth in March, then we have another three months, during which there can be both drop and growth.

[BITCOIN4X]

In my opinion it is very possible, in the middle of last November the price has touched $ 22k, unfortunately there was a FTX case that made panic and there was a correction of up to more than 35% to around % 15k, and now the market seemed to be starting to grow positive so I was sure Q1 2023 would touch $ 23k even more.

Everyone will be happy if the price of bitcoin becomes more expensive in 2023, but nevertheless the price of bitcoin is always unpredictable. $23K in Q1 2023 is very likely, even bitcoin could be more expensive than $23K if the demand increases.

FTX issues shouldn't impact market conditions forever. This will soon change with time and market forces will return because trading never stops. Price volatility is normal and of course prices could be higher than we anticipated or could be lower than we think is impossible at the moment.

[philipma1957]

Bitcoin price is displaying some stability above $17,000 as it is holding these levels despite the bearish attempts to drag the price lower.

As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain its price.

Will it reach or cross above $20,000 in Q1 2023?

that would be terrible indeed.

today is the 10th of december

q1 ends in just about 100 days.

If you were like JJG and did DCA.

You would want price to stay at 15-17.

[STT]

It can get 20k easily, the only thing that matters does it keep that 20k.    As said for some people the higher price while they buy regularly would be a negative and then to later return back to 15k anyway that is far from ideal.   If we only go sideways here its perhaps boring but not so negative for some people trying to accumulate.
    I traded away at least half of my Bitcoin when we rose initially in 2021, I thought it was rising way too fast;  so I sold into the strength, later I thought it might last but it was not to be.   Right now I got to take the opportunity presented to replenish what I had sold at this now lower price, make a positive from a negative.
  Theres always going to be bad news in the world, I dont give that excuse as to why BTC is down I prefer purely the maths of a higher and lower range a dual narrative to this story not all sunny skies because life is not like that.

[peter0425]

In my opinion it is very possible, in the middle of last November the price has touched $ 22k, unfortunately there was a FTX case that made panic and there was a correction of up to more than 35% to around % 15k, and now the market seemed to be starting to grow positive so I was sure Q1 2023 would touch $ 23k even more.

But there are many saying that the FTX case will take effect in early next year to mid so I believe that  we will experience more problem in 1st quarter of 2023 than being pumping .
and also there are so much problem that we are facing in this year that will continue next year so basically the good  thing will come late 2023 or early 2024 I believe.

In my opinion it is very possible, in the middle of last November the price has touched $ 22k, unfortunately there was a FTX case that made panic and there was a correction of up to more than 35% to around % 15k, and now the market seemed to be starting to grow positive so I was sure Q1 2023 would touch $ 23k even more.

not because we touched 22k in November this year meaning it will come also next year because remember that there are so much negative to consider .

[kro55]

I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.

I admire your optimism and faith in bitcoin, that is the spirit of a bitcoiners. But in this market, never be sure about anything, I mean, its not wrong, but because the market is so volatile and if you are overconfident and expect too much, but things don't go as expected, you will become extremely disappointed. That will not be good for our investment. Make predictions but always have a backup because the market doesn't move the way we think it should.