Bitcoin price, January. $20000 or above possible?

[Oshosondy]

2022 was not a good year for crypto, the price of bitcoin has already fall massively, those leaving coin on exchanges were taught real life lesson by FTX implosion, what that led to more bear market. What would be the highest price of bitcoin in 2023? Make your guess here:

Bitcoin price guess, 2023

This thread should not be mistaken for what the price of bitcoin would be in 2023, it is about what the price could in January 2023. The open price is $16550. Will bitcoin price be less volatile like January 2019 or not? If not for FTX implosion, probably bitcoin could still be around $17500 to 21000 by now, but the implosion led to the present price bitcoin is at now, if no further bad news which is likely and possible, good news will later be what is going to be everywhere and it will be a sign that bitcoin will increase in price, but will the price of bitcoin in January reach significant high price?

Will bitcoin price increase in January?
Is bitcoin getting back to $20000 in January or not?

[jackg]

I think we've got a while to go before we see bitcoin go above $20 000 and stay there m. We might see spikes for it going in that direction but I think we're going to have to wait for the news of a halving to come before we think the price of bitcoin could do well.

Based on halving info, I think we'll see a rise before or after everyone expects (if too many people expect the same thing) but there might be possibilities for minor crashes after then too like we've seen before (mostly due to manipulation like March 2020). A healthy bounce is probably a good thing to wait for and then after that a few more healthy bounces (higher lows).

[adaseb]

I think we will most likely trade sideways for the next few months. Until March or April. Then we might break $20K. However this doesn’t account for any macro conditions.

If the fed goes crazy with hikes or if there is some collapse of some large bank then that all can quickly change. A lot depends on how the inflation numbers will look next month and beyond. This is why it’s hard to predict a good price.

[davis196]

It's not just the FTX implosion. You forgot to mention the Terra/Luna, Three Arrow Capital, Voyager and all the rest.
The crypto world really seemed like a house of cards with all those companies, who were borrowing coins by offering unrealistically high returns. The 2020/2021 price pumps/bull runs really seemed like a price bubble and the bubble popped in 2022. Now, we are waiting for the next price bubble, but there's no demand that will pump the price.
The Bitcoin price would most likely stay below 20K during the entire winter. Maybe the spring will be a little bit bullish(it depends of the global situation) but I don't expect nothing radical. The summer of 2023 will be a continuation of the crypto winter and I expect the price to stay in the 12-18K levels until the end of 2023.

[ethereumhunter]

I don't think bitcoin is going to go up this January but rather there is a possibility of going down first and stabilizing there for some time. And it wasn't until Q1 was over that the bitcoin price would slowly increase and get back above $20k. But there will still be significant price swings from $20k down and up again higher. But I don't know, that's just a prediction and I also don't know if it's really going to happen like that or whether the bitcoin price will immediately increase this January. And if in January, the bitcoin price can go straight back to $20k, that's lucky for us because that will provide more support for bitcoin to break through the $30k level in Q3 and beyond.

[OgNasty]

I think the next hurdle to jump over is going to be trying to fix the GBTC discount to NAV.  That is currently a cloud hanging over the Bitcoin market.  Once that's resolved (which it seems to be in the works now) then I think it will be all eyes on mtgox distributions (again) for the summer.  After that, I think we'll see a runup in price to the halving, a correction, and then a blast off to new highs.  As for January's price...  Who cares.  Trading Bitcoin month to month has never been the smart move.  Just stack the dips and wait for the highs.  We're clearly at a multiyear bottom here, load up and hang on.  If you sell at $20K you'll regret it.

[beerlover]

Will bitcoin price increase in January?
Is bitcoin getting back to $20000 in January or not?

Yes, definitely. I believe that we can see up to $30k easily in this January. Probably these may start only by the 3rd week of January as sideways market does not seem to end up that quickly. So, a right prediction for this January could be anything between $20k to $30k. First we need to break the bigger psychological resistance around $19.5k to $19.8k levels and if that becomes achieved then we can easily run up to $30k levels in one week of time period.

2023 is going to be a better year for bitcoiners but not for traders in my opinion. Because, traders prefer one direction but the overall market sentiment is going to be range-bounded in 2023 which might lead to unpleasant times for bitcoin traders.

[fullhdpixel]

I don't think bitcoin is going to go up this January but rather there is a possibility of going down first and stabilizing there for some time. And it wasn't until Q1 was over that the bitcoin price would slowly increase and get back above $20k. But there will still be significant price swings from $20k down and up again higher. But I don't know, that's just a prediction and I also don't know if it's really going to happen like that or whether the bitcoin price will immediately increase this January. And if in January, the bitcoin price can go straight back to $20k, that's lucky for us because that will provide more support for bitcoin to break through the $30k level in Q3 and beyond.

You might be right with that because January is too early yet but things may need to heat up first. Maybe starting by February or March, that is the time we will see a great recovery but we should calm down our selves and do not expect that there will be a major pump that will happen this year as most of the expectations that I saw are by next year and ownward.

Like you, there are also a lot of people who misses that $20k support we have last time and they think we will achieve or stay on that level first before seeing the best things. Well, no doubt that $20k is much better than $16k. At least it doesn't give us a bad feeling that there will be another dump but the impression are mostly positive.

[lionheart78]

2023 was not a good year for crypto, the price of bitcoin has already fall massively, those leaving coin on exchanges were taught real life lesson by FTX implosion, what that led to more bear market. What would be the highest price of bitcoin in 2023? Make your guess here:

Bitcoin price guess, 2023

This thread should not be mistaken for what the price of bitcoin would be in 2023, it is about what the price could in January 2023. The open price is $16550. Will bitcoin price be less volatile like January 2019 or not? If not for FTX implosion, probably bitcoin could still be around $17500 to 21000 by now, but the implosion led to the present price bitcoin is at now, if no further bad news which is likely and possible, good news will later be what is going to be everywhere and it will be a sign that bitcoin will increase in price, but will the price of bitcoin in January reach significant high price?

Will bitcoin price increase in January?
Is bitcoin getting back to $20000 in January or not?

Taking into consideration the current news that will affect the sentiment of the market:

Binance is still in the hot seat
The effect of FTX is still lingering and probably needs more months to be shaken away
The news about the several mining company bankruptcies

This may consitutes to the hurdles of Bitcoin recovering to $20k  this January.  I think it is too soon to think that Bitcoin will eventually recover because of this news that still lurking around the cryptosphere.  The only thing that I can see to help the market is the positive view of Tech mogul Tim Draper that Bitcoin will be reaching $250k by year 2023.

If this positive view outweighs the negative then it might be possible to see Bitcoin recovering this January but in my opinion, it is far from happening since, at the current situation, the speculation of Tim Draper is not taken seriously by investors..

[AakZaki]

Yes, definitely. I believe that we can see up to $30k easily in this January. Probably these may start only by the 3rd week of January as sideways market does not seem to end up that quickly. So, a right prediction for this January could be anything between $20k to $30k. First we need to break the bigger psychological resistance around $19.5k to $19.8k levels and if that becomes achieved then we can easily run up to $30k levels in one week of time period.

2023 is going to be a better year for bitcoiners but not for traders in my opinion. Because, traders prefer one direction but the overall market sentiment is going to be range-bounded in 2023 which might lead to unpleasant times for bitcoin traders.

Let's hope it's like that, 2023 will be the year that the market hopes will return to recovery and fix prices. the target of $30k in 2023 may be met if some of the strong resistance at the $19.5k price level can be broken. It's not impossible this January to reach $ 20k again. But if the market continues to show a persistent bearish state, we will return to the lowest level again. and $13k is my final target to buy again with some spare cash, but let's hope that doesn't happen either. more hoping bitcoin will be able to pass $20k and above and start fixing things up to new ATH.

[NeuroticFish]

Is bitcoin getting back to $20000 in January or not?

While it is possible to get over 20k, it's hard to tell whether it will actually happen.
But if we do the math, getting there would be 25% up, if also take into the account the current sentiment, with topics telling with charts and numbers that going down to 9k is also possible, ... I add them up and I would be happy even if we end January at over 18k or at least without going lower than 16k.

[Oshosondy]

I think we've got a while to go before we see bitcoin go above $20 000 and stay there m. We might see spikes for it going in that direction but I think we're going to have to wait for the news of a halving to come before we think the price of bitcoin could do well.

Based on halving info, I think we'll see a rise before or after everyone expects (if too many people expect the same thing) but there might be possibilities for minor crashes after then too like we've seen before (mostly due to manipulation like March 2020). A healthy bounce is probably a good thing to wait for and then after that a few more healthy bounces (higher lows).

Halving will help bitcoin to get to all-time-high. If not all-time-high, the price will got above $50000, but all-time-high has been what is happening after halving. 2023 is a year I strongly believe that bitcoin will increase above $20000, that is certain. Bitcoin does not have to halve before getting to $20000 and above. Let us leave halving price speculation till 2024.

Let's hope it's like that, 2023 will be the year that the market hopes will return to recovery and fix prices. the target of $30k in 2023 may be met if some of the strong resistance at the $19.5k price level can be broken. It's not impossible this January to reach $ 20k again. But if the market continues to show a persistent bearish state, we will return to the lowest level again. and $13k is my final target to buy again with some spare cash, but let's hope that doesn't happen either. more hoping bitcoin will be able to pass $20k and above and start fixing things up to new ATH.

I do not think we are going below $15500, if January is not favorable, I think the market will not be volatile at all and $15500 can be bitcoin price again and to not go below that. I may not be right, but I guess if January will not be bullish, the market will also not be very volatile in a way bear market will also not be favored.

[Piesel]

Bitcoin price speculation is one of the aspect of the market i try as much as posible to chi away from but the fact still remains that our analysis and prediction is just for speculations discussion it does not have any direct impact on the outcome of bitcoin price or it future prospects.

But then the year 2023 just began and with the kind of baggage that accompanies Bitcoin into the year, it seems bitcoin price will be held down for a while.

Since most of the market is still trying to recover from the FTX bankruptcy attacks on the entire cryptocurrency market.

But the $20,000 price is still very posible but not certain!

[Baofeng]

Possible but it might be very difficult to just accomplished this for a month, that is a huge jump of $4k, and with this bear sentiments still in the air it will take a lot of positive news to put back the confidence of investors to buy and increased the price around $20k'ish.

We have achieved greater than $20k though in the last 2 months and if not for the SBF and FTX drama and collapse, we could be very well in that range around December. Let things settle down first, maybe in the first quarter we can get to this big mental support again and then double it at the end of the year.

[ethereumhunter]

I don't think bitcoin is going to go up this January but rather there is a possibility of going down first and stabilizing there for some time. And it wasn't until Q1 was over that the bitcoin price would slowly increase and get back above $20k. But there will still be significant price swings from $20k down and up again higher. But I don't know, that's just a prediction and I also don't know if it's really going to happen like that or whether the bitcoin price will immediately increase this January. And if in January, the bitcoin price can go straight back to $20k, that's lucky for us because that will provide more support for bitcoin to break through the $30k level in Q3 and beyond.

You might be right with that because January is too early yet but things may need to heat up first. Maybe starting by February or March, that is the time we will see a great recovery but we should calm down our selves and do not expect that there will be a major pump that will happen this year as most of the expectations that I saw are by next year and ownward.

Like you, there are also a lot of people who misses that $20k support we have last time and they think we will achieve or stay on that level first before seeing the best things. Well, no doubt that $20k is much better than $16k. At least it doesn't give us a bad feeling that there will be another dump but the impression are mostly positive.

It will be like January is a recovery phase for the crypto before the price increases until the next month or two months, after which the price increases slowly. And it doesn't look like the uptick in bitcoin is going to be too fast, as it looks like it's going to be very hard to increase the price directly to the $30k level.

But if it is true that the price can immediately break through $20k and go straight to the $30k level, that is great news for us and support for bitcoin will come again. And hopefully the price won't drop again so people don't panic and can still survive waiting for the price to recover.

[cryptomaniac_xxx]

It's a huge increased increase to $20k, why not take is very slow, and look for $18k first because that is what our price before. Of course it's not impossible to reach $20k, but when the market is so negative right now, I don't see investors pouring a lot of money.

And I think the one important thing that it is very important not just to crypto market is the war still in our background. So that makes everyone at their edge and reluctant. So I would say that I'm not seeing $20k or even higher this month.

[yudi09]

Will bitcoin price increase in January?
Is bitcoin getting back to $20000 in January or not?

From the current market situation, it seems not. Bitcoin is still in a declining stage as the sales chart seen in the market is still very high.
We expect the price to cross $17,000 this month and this is still an opportunity to add with the available money.
If it does cross $17K this month, speculation may change.
It is possible that if the high sales continue, then this year will be tough for an increase. But it's not a sure thing as things could change.

[buwaytress]

Definitely expecting quite a few more months below 20k, like jackg and adaseb already say, minimum first quarter of the year, and then only after halving will we see enough strength to make serious moves -- but even then probably not before maximum floor price (manipulation induced).

I insist that macro economics are still very much in play and Bitcoin still hasn't got used to these precise conditions of a global recession that hasn't hit rock bottom.

[Wiwo]

2023 was not a good year for crypto, the price of bitcoin has already fall massively, those leaving coin on exchanges were taught real life lesson by FTX implosion, what that led to more bear market. What would be the highest price of bitcoin in 2023? Make your guess here:

2022 you mean to say, since the FTX event occur last year November and 2023 just started so I think what you mean to say was 2022. That's being said I will want to make my observation and prediction of bitcoin price in the month of January 2023, the market is still in recovery mode from the whole crisis in the cryptocurrency market throughout the last quarter of 2022 have really affected the price of bitcoin in this early days and the festive period just ended with most cryptocurrency community members still on holidays and no much activities in the market right now businesses are not fully open yet all these factors contribute to the bitcoin price movement so the month of January may go through a period of slow market increase and high resistant level which is around $16k-$17,000. But for quarterly predictions I can agree with the $20,000 BTC price because of the long period involve which aids price and market activities.

[Yamifoud]

Will bitcoin price increase in January?
Is bitcoin getting back to $20000 in January or not?

I can see that not all investors, especially those who have lost their money in the FTX scam exchange have moved on and forgotten about it. They are still in the recovery stage and this could be one factor that holds them to invest for now due to continuous decline after a huge surprise. I can't make myself not lose hope but as the current situation remains like this ( low demand), I would say reaching $20k this month is quite impossible. But of course, I won't say it never happens, yet we just need more time and maybe this will happen before the 1st quarter end.