Bitcoin price, January. $20000 or above possible?

[ilovealtcoins]

Even though bitcoin broke $17k today, it looks like the momentum is very slow, and there is no good news big enough to take bitcoin to $20k this month. My prediction is that when CPI is announced, bitcoin could hit $18k and then correct again soon. I think it's still not possible to have a strong rally after what the market has been through.

[alastantiger]

BTC is now around $17k it goes to show that the holders are more resilient despite these bearish news. Like this one on coindesk that says Bitcoin will test $10,000-$12,000 in Q1 of 2023 and the with scrutiny from the feds. It is encouraging although I do not see bitcoin price hitting  $20000 or above possible in January. I remain all in and am committed to buying more no matter the price.

[Nrcewker]

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

More 20 days left for January, I don’t think Bitcoins will rise until and unless some positive signs are seen. I mean Bitcoins increases in price when the demand of the coin increases. But if there is no such event takes place which will lead to increase in price, then definitely Bitcoins won’t increase in its price. Moreover as many veteran traders have predicted, this year will be big for Bitcoins. But Bitcoins usually grow at the later half of a calendar year. So let’s see what happens after August. For January crossing 20k usd in price is really hard.

[beerlover]

More 20 days left for January, I don’t think Bitcoins will rise until and unless some positive signs are seen. I mean Bitcoins increases in price when the demand of the coin increases. But if there is no such event takes place which will lead to increase in price, then definitely Bitcoins won’t increase in its price. Moreover as many veteran traders have predicted, this year will be big for Bitcoins. But Bitcoins usually grow at the later half of a calendar year. So let’s see what happens after August. For January crossing 20k usd in price is really hard.

I think there isn't any requirement of big good news to make it go up. Some guy could randomly end up buying bitcoin to make it big, and another follows and another and suddenly the market is looking better without anyone knowing why exactly. Believe me there will be some "news" at the same time that people think it is because of that, but it would have nothing to do with it, just there because people think there is a need for a news and that's why it happened.

In reality, we could just go up because people are buying a lot more than they are selling. That's going to happen this year, don't know if January will be the start or if it will be later but it will start this year for sure.

[GeorgeJohn]

The chart of Bitcoin have not indicates an acceleration in the price of Bitcoin, and if the price of Bitcoin approaches to the point of twenty five thousand to thirty thousand (25k-30k) we can not call it bullish market, because the calculation will be making reference point from when the price of Bitcoin that dropping before it got to this particular exact point of disvalue or degradation in price. so i believe that Bitcoin we are going to be comfortable and jubilate for the price of Bitcoin acceleration when it has gotten to at forty thousand (40k)

[Republikcoin.com]

Even though bitcoin broke $17k today, it looks like the momentum is very slow, and there is no good news big enough to take bitcoin to $20k this month. My prediction is that when CPI is announced, bitcoin could hit $18k and then correct again soon. I think it's still not possible to have a strong rally after what the market has been through.

The effects that have been passed by the market and Bitcoin have been very heavy, especially in the past year, but if this year or in the first quarter of this year there is no good news for Bitcoin and the market. At least Bitcoin can increase again in the market even though slowly, because that is much better than having to witness another correction due to bad things happening that can affect the market and Bitcoin again in the first quarter of this year.

[Vaskiy]

One third of the month got over and we've moved over $17000. If the growth happens in a gradual way as now reaching $20000+ seems to be possible. Expectation over the federal reserve of United States seems to be the reason for the rise in the market price. None is sure of how good the inflation gets limited. So, these growth are like temporary and lets wait for the real outcome.

[dunfida]

One third of the month got over and we've moved over $17000. If the growth happens in a gradual way as now reaching $20000+ seems to be possible. Expectation over the federal reserve of United States seems to be the reason for the rise in the market price. None is sure of how good the inflation gets limited. So, these growth are like temporary and lets wait for the real outcome.

If we do see small climbs even with those small time corrections but eventually made out some buys or having that strong buy order book then pretty sure we might be seeing 20k above before this month ends but well

we do all know that this isnt something that could happen precisely and everything is still questionable or cant really be sure.Im making myself not to really be that much expecting or positive because the market
would really just crash out in front of your eyes and would really be annoyed and frustrated.

20k is something a tough resistance to be break and everything would really be basing and depending on the market demand as always.

[cryptomaniac_xxx]

20K by April 2023 seems more reenable

You guys underestimating this too much. Its just a 15% move from here, why not in 7days ?

Of course, everyone wanted a $20k rise,

Not everyone, the insitutions who got liquidated or ran away already must be wishing for btc to go to zero, including sbf ;P

Lol, but majority at least wanted to see the price going as high as $20k now, it's the biggest psychological barrier and that's what we want to overcome. Still good sign though as of now the price is steady on a rise to $18k++. This small climbs is what we needed right now, we don't want that big jump, because otherwise, a dump might soon follow.

So let's see how this increased will go and where it will settled. Again for me, it's $20k at the next target short term.

And probably if we hit it, the important FOMO might sets in again.

[btc_angela]

One third of the month got over and we've moved over $17000. If the growth happens in a gradual way as now reaching $20000+ seems to be possible. Expectation over the federal reserve of United States seems to be the reason for the rise in the market price. None is sure of how good the inflation gets limited. So, these growth are like temporary and lets wait for the real outcome.

And now it's over $18k, it might be very slow growth, but at least a positive sign that this year could be a good one or at least not the same as last year wherein there are a lot of events that trigger a massive flow of money coming out of the market.

This is want I see when trying to search for the Fed rate hike.

NEW YORK, Jan 11 (Reuters) - The Federal Reserve will likely hike its target interest rate for the last time at its Jan. 31-Feb. 1 monetary policy meeting, raising it by 50 basis points (bps) to a range of 4.75%-5.00%, HSBC said in a research note on Wednesday.

The bank also expects about 50 basis points in rate cuts from the U.S. central bank next year.

So yeah, probably this is indeed a very positive news.

https://www.reuters.com/markets/rates-bonds/hsbc-expects-feds-final-rate-hike-feb-1-cuts-next-year-2023-01-11/

[palle11]

None is sure of how good the inflation gets limited. So, these growth are like temporary and lets wait for the real outcome.

Sure the real gain comes when the next halving happens because history have proved bitcoin price right in this. The best decision now is not to wait but doing DCA both for bear price or bull . Since the last quarter of last year, the speculation was price drop but it is yet to happen and maybe we are going to see more bull if 17k is still strong.

[hugeblack]

If the good news continues for the coming days, we may witness these levels before the end of the month, although I bet that we will not break 19K barrier in the next few days.
In general, there is nothing new, there is not enough liquidity to make real breaches in the price, and therefore it is better not to bet on an upward wave, at least for the time being.

[michellee]

Bitcoin is now in the $18k range and it looks like this will continue and there is a possibility that the price can still go up again. At least $19k can break through this January but that is also uncertain so we have to be patient and wait patiently. Meanwhile, we can still accumulate more bitcoins because as long as the price doesn't increase too much, we still have the opportunity to buy bitcoins. But we must still be prepared for a correction that could occur once the price hits this $18k because that's usually what happens after bitcoin gains.

[KingsDen]

2023 was not a good year for crypto...

I think you meant to say 2022.

Apart from in cryptocurrency were the impacts of the ruggedity of 2022 was felt very much, in other sectors and in the economy in general 2022 was not a good year at all.

We have heard rumours and news of wars even if it does not happen in our countries there are people who could not sleep and there are millions who has turned to be refugees in other people's country. 2022 also brought us some level of inflation and recession were the prices of goods and services triples within few days or weeks.

To crown it all, in the cryptocurrency community 2022 brought us with a lot of disappointment such as failure of exchanges and failure of some coins which people ave high hopes for .

Having summed all these disappointment up and looking at the direction of the chart, 2023 is not even giving us a Clear Vision of prosperity.
I therefore did not think that January will make up to 20,000 to dollars in Bitcoin .

[SOKO-DEKE]

We are only at the beginning of January, and I can see that Bitcoin price has returned to $18k from $16500 from a few days ago. This indicates that it may be possible to hit back $20k. The current state of the cryptocurrency market, particularly what we are witness from exchanges such like FTX exchange and some projects that later turn out to be scams after gaining a solid following, like Luna, makes it difficult at some times to predict the price of bitcoin. Thus, events like this do have an impact on Bitcoin's price because they provide individuals a sense of justice by encouraging them to sell their assets by not industry again.But I think the price of Bitcoin is gradually rising back.

[$crypto$]

Bitcoin is now in the $18k range and it looks like this will continue and there is a possibility that the price can still go up again. At least $19k can break through this January but that is also uncertain so we have to be patient and wait patiently. Meanwhile, we can still accumulate more bitcoins because as long as the price doesn't increase too much, we still have the opportunity to buy bitcoins. But we must still be prepared for a correction that could occur once the price hits this $18k because that's usually what happens after bitcoin gains.

The $19,000 that could break through in the next few days is now rising fairly quickly and may be a good indicator of January through the end of the month.
Maybe because US inflation has come down that has a positive impact on bitcoin to strengthen and maybe this will be a rebuttal to the 20,000k price?

In theory, there is still a wide opportunity to own bitcoin, only progress and willingness if you want to own bitcoin slowly, definitely don't become FOMO because bitcoin will become a pump.

[ShowOff]

If the good news continues for the coming days, we may witness these levels before the end of the month, although I bet that we will not break 19K barrier in the next few days.
In general, there is nothing new, there is not enough liquidity to make real breaches in the price, and therefore it is better not to bet on an upward wave, at least for the time being.

After seeing the recent hike then I think $20K is possible. It's a good start to expect the $17K support to look stronger although some will doubt it.
Less than $1200 to $20K so I don't think there's much else to achieve. The demand for bitcoins is expected to increase even more and people are verry FOMO about it. The current high is $18,854, but I think $19K will break soon if the market can sustain above $18K.

[Lida93]

The price I saw Bitcoin was two days at 17k isn't same price it is today @18k+ even though the difference in price isn't that significant it's to some persons a measure of hope that the bull will soon erupt only that nobody knows when.
There's still hope and am convinced, by the end of January it should be hitting 20k in price and should it hit 20k then it's a wake up call that the bull market is just by the corner. To those that can accumulate, now is the time best to do so, the price is still favourable I think.

[crzy]

The price I saw Bitcoin was two days at 17k isn't same price it is today @18k+ even though the difference in price isn't that significant it's to some persons a measure of hope that the bull will soon erupt only that nobody knows when.
There's still hope and am convinced, by the end of January it should be hitting 20k in price and should it hit 20k then it's a wake up call that the bull market is just by the corner. To those that can accumulate, now is the time best to do so, the price is still favourable I think.

We are too close to hit the price of $19k again and the volume is still great, there’s a high possibilities that we might reach that $20k price again by the end of January which is a good sign of recovery. If Bitcoin will continue its momentum and break most of the resistance, probably it can trigger the bull trend and a good hype, we should keep on monitoring the trend so we will not missed any opportunity here.

[South Park]

The price I saw Bitcoin was two days at 17k isn't same price it is today @18k+ even though the difference in price isn't that significant it's to some persons a measure of hope that the bull will soon erupt only that nobody knows when.
There's still hope and am convinced, by the end of January it should be hitting 20k in price and should it hit 20k then it's a wake up call that the bull market is just by the corner. To those that can accumulate, now is the time best to do so, the price is still favourable I think.

The price today surpassed 19k for a very short amount of time so reaching 20k during this month seems like a real possibility, however it would be interesting to see if we can go above that level as I expect for a strong resistance to take place there, still it is nice to see bitcoin finally showing some signs of a recovery as we were very close to the bottom for a very long time and this had a lot of people worried that the price could go even lower at some point in time.