Bitcoin is on the Verge To Slice Through $30,000

[Pam beasely]

After retaining a extremely good upswing during the previous day’s trade, the Bitcoin rate corrects itself barely by means of dropping with the aid of more than 4%. While the buying and selling extent remains rather high, the possibility of mounted selling pressure over the token since the early training hours.

BTC Price Prediction

• The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
• However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
• The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

Sources - https://www.youtube.com/watch?v=7u_ylhYcvdA and https://coinpedia.org/price-prediction/bitcoin-price-prediction/

Will BTC close to monthly trade on a bearish note?

[DapanasFruit]

In my own opinion, we are experiencing right now the resiliency of Bitcoin despite the many negative developments that happened, happening and can happen with the cryptocurrency industry. BTC has proven to be an insulator in itself. And I think that it is good...as if it is setting up or laying the ground for a near-term big pump. Yes, there is a big possibility that in the first quarter of 2023 we can see BTC crossing the $30K line, unless of course something can happen to shake the whole industry like for instance the collapse of another major crypto platform.

[mk4]

Seems like a pipe dream, but I long for the day that people finally stop taking these aNaLYsTs seriously. They don't know crap — because no one knows crap what's going to happen.

[EarnOnVictor]

This topic would have best fit under 'speculation' as it's a theoretical prediction on what BTC would do. Many theorists are out there and would say one thing or the other about BTC, one should only be careful and perform their own studies regularly too. And based on my trading experience, what Micheal van de Poppe relies on is a swing cycle on a certain higher chart, and it often works.

Regardless, I conclude by my analysis that BTC has bottomed already, I don't see it breaking $15,000 any time soon, and it might reach as high as $35,000 in 2023.

[goldkingcoiner]

After retaining a extremely good upswing during the previous day’s trade, the Bitcoin rate corrects itself barely by means of dropping with the aid of more than 4%. While the buying and selling extent remains rather high, the possibility of mounted selling pressure over the token since the early training hours.

BTC Price Prediction

• The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
• However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
• The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

Sources - https://www.youtube.com/watch?v=7u_ylhYcvdA and https://coinpedia.org/price-prediction/bitcoin-price-prediction/

Will BTC close to monthly trade on a bearish note?

You know there is a place in this forum where you can make speculations about Bitcoin price... It is a sub-forum called Speculation - https://bitcointalk.org/index.php?board=57.0

feel free to post your price speculations there. Although without a more in depth analysis explanation I doubt that anybody will take your prediction very seriously. I would recommend you add charts and serious sources as well as explaining your logic in a more detailed fashion.

Having said that, I strongly believe that Bitcoin will be over 100k in the near future. A lot of people here think the same and they have even provided reasons why it will be so. My favorite chart which points towards 100k is the logarithmic chart.
 

[hugeblack]

I remember that the price faced violent resistance before the levels of 24K, and therefore it is difficult to break it in the current market conditions, and if it succeeds, the historical support level at 28K will turn into resistance levels that are difficult to break.

Therefore, it is difficult during the next year for us to return to those levels, but the price may try to stay near the $28,000 levels, especially with the recent inflation data.

[Nrcewker]

Predictions are not accurate as we know. So anything can really happen. And to be honest, as this thing is really trending everywhere, so this will ultimately lead to the price rise of Bitcoins. It’s already seen that Bitcoins are moving up in their prices when December started. If it keeps the same pace and ends at December, then definitely new year will be really big for Bitcoins and all the Bitcoin holders. Let’s hope for the best and buy as many Bitcoins as we can in this bear time, and let’s wait for new year.

[Broadanbig]

After retaining a extremely good upswing during the previous day’s trade, the Bitcoin rate corrects itself barely by means of dropping with the aid of more than 4%. While the buying and selling extent remains rather high, the possibility of mounted selling pressure over the token since the early training hours.

BTC Price Prediction

• The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
• However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
• The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

Sources - https://www.youtube.com/watch?v=7u_ylhYcvdA and https://coinpedia.org/price-prediction/bitcoin-price-prediction/

Will BTC close to monthly trade on a bearish note?

I strongly believe all these are just speculations as no one can predict  easily the next move of btc in a short time. Anything can happen in-between that can cause a sudden  drastic upward or downward change in trend. Do not forget that there has been a lot that happened of lately which  also  affected the market significantly. These happenings that effected the market were all unforeseen by these spectators so tell me how were they able to speculate or rather predict the price of btc in a short while

[Yaunfitda]

Near future? when it that? 2023 or 2024?

Definitely if we get to 2024 then maybe we will see the price to $30k, however, we might be in the bull run that time so that price range is possible.

But if he is talking about 2023? I doubt that we can get to $30k because the sentiments is still negative. Haven't you seen the price, we have reach $18k++ but then suddenly the price goes down < $17k.

[redsun114]

Near future? when it that? 2023 or 2024?

Definitely if we get to 2024 then maybe we will see the price to $30k, however, we might be in the bull run that time so that price range is possible.

But if he is talking about 2023? I doubt that we can get to $30k because the sentiments is still negative. Haven't you seen the price, we have reach $18k++ but then suddenly the price goes down < $17k.

Maybe in 2023. I wouldn't consider it this year because we are already ending it but there are some predictions who are specific and is pointing out about this month of December. $30k was only small in my opinion so it won't take 2024 to be able to see this but maybe we can achieve this in the early quarter of 2023.

2024 is the halving time for BTC and everyone is expecting a massive gain during that time. I think BTC is already over $69k once we get there. We reached $18k last time and it wasn't far from $17k so obviously, it will always fall back there, if there are no positive movements. It's not a big loss. Price can fall but it doesn't mean it will never recover again.

[ilovealtcoins]

Regardless, I conclude by my analysis that BTC has bottomed already, I don't see it breaking $15,000 any time soon, and it might reach as high as $35,000 in 2023.

I have the opposite analysis, we haven't bottomed yet and even bitcoin will fall even further in 2023. As the world economy is still very volatile and we are still in a 4-year cycle, expecting bitcoin to increase in price in 2023 is far from reality. bitcoin will drop below 12k in 2023 until the end of 2023 we could see bitcoin start to recover.

[el kaka22]

It is easy to give out numbers but how true they will be is yet to be seen. Right now we are already under 17k and that means we are not looking that great yet. By the end of the year, we are probably going to end up with something that will hurt us further and it's going to be bothering everyone for a while.

I hope that it will recover like you guess it will but it looks like it's not going to be recovering just yet. Sure 30k is not a big deal if we ever reach bull run, because we skyrocket very quickly and those prices could be reached, but it doesn't mean that it is a guaranteed thing, it will take some time before we could reach that bull run, it's not happening anytime soon by the looks of it.

[Hypnosis00]

• However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.

He can be beaten by his own prediction easily. Well, that can be a safe prediction as it will certainly reach, no doubts about it. But if he thinks this will happen this year, that is gonna be impossible. Even reaching too $25 is hard but saying that Bitcoin will reach $20k this year, that was very close to reality ( and we are very close to that).

Anyways, anyone can make their own speculations and market assumptions. However, it was not the thing we believe because, in reality, nobody would have the crystal ball to see where the price of Bitcoin goes. And they all just fail.

[Johnyz]

Regardless, I conclude by my analysis that BTC has bottomed already, I don't see it breaking $15,000 any time soon, and it might reach as high as $35,000 in 2023.

I have the opposite analysis, we haven't bottomed yet and even bitcoin will fall even further in 2023. As the world economy is still very volatile and we are still in a 4-year cycle, expecting bitcoin to increase in price in 2023 is far from reality. bitcoin will drop below 12k in 2023 until the end of 2023 we could see bitcoin start to recover.

Many are still looking for this possibility and yes, there are still chance that we hit this price level because of the market volatility and the bear trend is still strong. Though I believe that in Mid 2023, we will start the recovery because the hype for the halving will start again and that could trigger the bull trend. If Bitcoin will still hit another bottom, we can expect a huge buying power at that level and for sure we will not stay longer on that bottom price.

[JoyMarsha]

Everyone can speculate about the price of bitcoin on the cryptocurrency market over short or long time horizons. The more predictions they make, the more inaccurately they foresee the price of bitcoin in the future.

I've come to the conclusion that I won't be swayed by future bitcoin price predictions or pay attention to them again. I follow the direction that the price of bitcoin takes rather than hoping and trusting what Mr. A and Mr. B say will happen to the price of bitcoin in the future because they are unable to predict where it will go in the near future.

[ethereumhunter]

Now the BTC price has fallen at $16,721 and we don't know if it will continue to decrease or increase. But it looks like right now, a correction could still occur again and there is a possibility that the price will still decline to a lower price.

In December last year, the price started to decline after hitting a high and now it has also decreased and even returned to the $16k level. Maybe next year market conditions will still experience a decline or maybe it will experience sideways again but hopefully there will be a price reversal for bitcoin especially if global economic conditions can improve somewhat. You need to be careful with the analysis made by people and you should also analyze it yourself and not depend on their analysis.

[wxa7115]

Everyone can speculate about the price of bitcoin on the cryptocurrency market over short or long time horizons. The more predictions they make, the more inaccurately they foresee the price of bitcoin in the future.

I've come to the conclusion that I won't be swayed by future bitcoin price predictions or pay attention to them again. I follow the direction that the price of bitcoin takes rather than hoping and trusting what Mr. A and Mr. B say will happen to the price of bitcoin in the future because they are unable to predict where it will go in the near future.

And this is the right approach, there are so many predictions out there which can range from bitcoin going all the way to zero to bitcoin being worth millions of dollars in a few months, and when there is so much disparity between the predictions people get confused about what to do.

So the best thing we can do is to ignore them and simply invest in assets that we believe will do great over the long term, and at least to me bitcoin fits this criteria, which is why I simply accumulate bitcoin and then forget about it, and while it is interesting to read the predictions of others about what the market could do, I do not let those predictions to affect my approach to the markets.

[ilovealtcoins]

... If Bitcoin will still hit another bottom, we can expect a huge buying power at that level and for sure we will not stay longer on that bottom price.

Nothing is certain, if you say that there will be more buyers when bitcoin has a new low, then why can't bitcoin hold the recent low and want to find a new low in a few months? The lower the bitcoin price, the more people are dumping rather than buying, which is the general market sentiment. Only a few buy because they have faith in bitcoin and they are the ones who know bitcoin will recover in the long term.

[AbuBhakar]

BTC Price Prediction

• The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
• However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
• The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.

I’m surprised that some media outlet is still positive on Bitcoin price despite many controversy happening on crypto space and the looming recession. I believe those price predictions above 20K will only happened after the recession hits and not before so it’s useless to provide an optimistic prediction like this without taking consideration on what’s coming to crypto.

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

[S A KHAIR]

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.