Bitcoin high prediction 2023?

[JamesDaniel90]

I have been in crypto almost 1 year now and has been an interesting year to say the least. When I bought my first crypto in January I didn’t know anything about cycles and just started investing after a friend had been telling me for months to do so.

My portfolio is currently 40% down and I have just been buying weekly throughout the year and more when we have crashed and haven’t sold anything yet.

Up until today I had the plan of just holding and selling when everything gets back to all time highs again but I have just realised as I have been buying at these lows for a while now my average buys have decreased a lot meaning I don’t need my investments to go back to all time highs to see good returns.

I only started investing in Bitcoin after the June crash so feel I have a good average price currently as I have only been buying between £13k - £20k. Bitcoin I will hold until £100k at least but altcoins I own I realise I don’t need to wait for them to get back to all time highs to see good returns.

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?

[Bitcoin_Arena]

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?

Nobody here is a prophet to know what will happen to the Bitcoin price in 2023. Just like most tradable assets, what you will get will just be speculation from different members. You will have to wait it out, so what will determine how far you will HODL will be your level of patience or greed if you have any.

Take care of some altcoins. Some of them will keep sinking lowered and lower until they are no more and abandoned, and you will lose your investment even after waiting, just like that.

[JamesDaniel90]

I know nobody knows for sure, would just be good to get some thoughts from those who know the cycles and have been in crypto for many years.

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.

Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

[kryptqnick]

If you're hodling altcoins, it's tricky because a lot depends on which ones you bought, how long have they been around, did they manage to recover from 2018 crash (if they were around) etc. Some altcoins will recover with Bitcoin, but it's still a significant risk. Some might never recover.
As for Bitcoin, I think expecting $100k+ is reasonable, if not in 2023, then in 2024.

[Lucius]

I know nobody knows for sure, would just be good to get some thoughts from those who know the cycles and have been in crypto for many years.
I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.
Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

It is not a problem for anyone to study what happened with Bitcoin from 2009 until today, and cycles are not a secret and something that is difficult to understand. What is important in the whole story is that there is always a possibility that what happened in the past will not happen again in the future.

In the context of the cycle, next year might be more positive, but how can you predict if something bad will happen? Any negative event like the ones we had this year would have a negative effect on the price, but also some big and positive news would have a positive effect. Never say never when it comes to Bitcoin, but somehow I'm not inclined to believe that next year there could be a price increase of even 100%, but miracles happen from time to time, don't they?

[Yatsan]

If you're hodling altcoins, it's tricky because a lot depends on which ones you bought, how long have they been around, did they manage to recover from 2018 crash (if they were around) etc. Some altcoins will recover with Bitcoin, but it's still a significant risk. Some might never recover.
As for Bitcoin, I think expecting $100k+ is reasonable, if not in 2023, then in 2024.

Isn't that too high for a market value? Also, a market price as high as that won't be more likely achieved for a single year only. Considering market behavior at this moment as we get close to the next year, things are really sketchy.

 But regarding altcoins, indeed ut would be hard to determine which is which, but by quite doing a background check on the project, things might  be lessen especially with the risk. In terms of altcoins ,only few of them are having price increase not in line with general market trend. As an investor you should be able to find those kind of cryprocurrencies. But for now that the market is having a hard time to recover, be patient and wait for the right time to invest.

[aoluain]

It is my expectations that the second half of next year will be very interesting in terms of
-Pre-Halving- price movement.

We have seen this before and closer to the halving event a lot of people ask "is the halving
priced in?" and usually it is because the markets start to react about 6 months before
the halving happens.

It's impossible to say just how high we can go in 2024 but in the second half we should be
leaving the sub $20k long behind.

[Zaguru12]

I know nobody knows for sure, would just be good to get some thoughts from those who know the cycles and have been in crypto for many years.

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.

Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

If I get you right you are looking for predictions from old or early investors how the price were a year before halving. But before you aid to predictions just remember that jinx usually happen. There are other major things that influence its price. The growth of investors or adopters will affect it. Things like crash of exchanges like the FTX of this year will affect it. Say a bigger exchange like Binance suffers same feat.

Regardless of those stated worries i predict a bearish period between the starting of 2023 till the middle. After then we might experience bullish period till the end of next year.

[un_rank]

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.
Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

2023 could see mostly horizontal price movements which could rise as much as $40k or its equivalent in pounds and could also drop below $10k.
The market can also be affected by indirect events, like a hack, or some government policy which could raise the price momentarily or lower it.

My expectations would be a peak of maybe between $30k - $35k for 2023

- Jay -

[Jating]

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?

All I can say is that there could be a good chance that we might see another all time high. Or at least reach our previous highs of $69k. So just putting that numbers around, you might still be very happy buying today and then making huge profit if we hit that price. We will have a bitcoin halving in the 1st quarter of 2024, that will be a good gauge to see where the price will be in the future as we all know that it is the catalyst for a eventual bull run. And with that,, I would say you don't need to worry, just continue to accumulate and let the normal flow of the market come in 2024, maybe it could be $100k or higher or $50k. The point is that you could still make money if you look long term.

[RockBell]

We all hope the price will increase since the halving will take place next year, but we shouldn't jump to conclusions about the price increase. I understand how it feels to look at your portfolio. You should just exercise patience during times like these once you hold, and you will undoubtedly profit when the time is right. so let's all hope for the best is yet to come with time. it is always difficult to predict when the bull run will start all we can do now is hold.

[OgNasty]

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.
Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

2023 could see mostly horizontal price movements which could rise as much as $40k or its equivalent in pounds and could also drop below $10k.
The market can also be affected by indirect events, like a hack, or some government policy which could raise the price momentarily or lower it.

My expectations would be a peak of maybe between $30k - $35k for 2023

- Jay -

My expectations are similar. I think we’ll see the price start creeping up as people begin to eyeball the halving, but the real fireworks take another year after the halving when the rubber hits the road as they say. If we do get institutional adoption, 2024-2025 will be some explosive years. The current recession expectations hint that the economy will be back growing by then and irrational exuberance will likely return. 

[royalfestus]

Bitcoin's price will be higher at the end of 2023 than it was at the beginning, mainly because of the approaching halving in Q2 of 2024. Additionally, I anticipate that most countries will relax their economic policies after recovering from the effects of the war and pandemic, which will allow for gradual inflows of funds into investments around the world.

[goaldigger]

If you're hodling altcoins, it's tricky because a lot depends on which ones you bought, how long have they been around, did they manage to recover from 2018 crash (if they were around) etc. Some altcoins will recover with Bitcoin, but it's still a significant risk. Some might never recover.
As for Bitcoin, I think expecting $100k+ is reasonable, if not in 2023, then in 2024.

Many depends on Bitcoin and yes, not all altcoins will survive from this recent crash and maybe only few good tokens will remain in the market. 2023 will be a good year for recovery though I see Bitcoin to make its new ATH in 2024 where Halving hype will start to be on the market. Bear market is about to end, kudos to those good projects and coins who are able to survive, if you are buying right now that’s a good opportunity for you, just hold as much as you can.

[btc78]

I know nobody knows for sure, would just be good to get some thoughts from those who know the cycles and have been in crypto for many years.

even those who have been here for many years aren't enough to tell you what is the lowest or highest mate because this market is unpredictable .

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.

Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

40k in 2023? no one really knows but for me? i think that is over expectation mate , why not just contented on your belief that Halving will bring more chances than 2023 in which expecting to be more dumping than 2022?

[ethereumhunter]

I know nobody knows for sure, would just be good to get some thoughts from those who know the cycles and have been in crypto for many years.

I understand we have to wait until 2024 for the Bitcoin halving to really see prices go up but just curious to hear what can happen in 2023.

Are we likely to have a run up to £40,000 or something or is it likely to stay at low these low levels for most of 2023.

No one knows what can happen in 2023 but there will be two possibilities that can happen in 2023: the price can increase high or the price can decrease deeper than now.

Bitcoin has the possibility of reaching £40,000 or even higher but sadly, we won't know when that will happen. We can only guess based on the market charts by drawing lines from the movement of bitcoin so far and it's also not certain that it will really happen.

2023 may bring very good changes for bitcoin but it could also be that we have to wait until early 2024. The important thing is we have to keep waiting while trying to accumulate more bitcoins.

[reagansimms]

Who can predict with certainty what will happen to Bitcoin a few years later, no one can predict with certainty the price of Bitcoin at the end of the year before the 2023 calendar change.
You have to focus on the initial goal, hold all your assets until Bitcoin reaches the new ATH as planned. Now is the time to hoard Bitcoin flakes while the price is still affordable, long-term plans will make you earn big profits as long as you stick to the plan that was laid out from the start.

[Smack That Ace]

When you already plan to sell your bitcoin only when the price reaches ATH again, then you don't need to predict the bitcoin price in 2023. What I care about you is are you really patient enough to hold your bitcoin until the bull season comes because your question makes me doubt it. Another important thing that you need to take care of is your altcoin investment, you also think they can drop more, so why don't you consider cut loss and switching to bitcoin to avoid losing more?

[yhiaali3]

Of course, no one can know exactly what will happen after a year or two, all predictions are analyzes based on typical Bitcoin price cycles during a previous price cycle.

Everyone here knows that the Bitcoin halving will happen in 2024 and according to the previous price cycles, it is likely that Bitcoin will reach a new peak during that time.
This is what happened during the previous price cycles, and this is what everyone hopes will happen this time as well, everyone is highly expecting it, but in the end anything can happen.

We can only wait and see what the market will do.

[CageMabok]

Bitcoin's price will be higher at the end of 2023 than it was at the beginning, mainly because of the approaching halving in Q2 of 2024. Additionally, I anticipate that most countries will relax their economic policies after recovering from the effects of the war and pandemic, which will allow for gradual inflows of funds into investments around the world.

If you put it that way, I'd be waiting for the end of the year to see how much Bitcoin price will increase in the market. Because this year there are only 20 days left before entering the new year and that is a very short time.

I see the price of Bitcoin at the moment is always bouncing and I also don't know if that is a sign of increasing higher, or dropping to a lower price than before. Even though if we look at the global use of Bitcoin and cryptocurrency adoption it has started to spread to several countries at this time. And that's a very good thing for Bitcoin.