Bitcoin might reach $30,000 in the first half of 2023 and $50,000 in the second

[tread93]

The Subject line is a hightlight from this article from Analytics Insight:https://www.analyticsinsight.net/bitcoin-predicted-to-peak-at-us32000-in-2023/

Bull Season is back boys and girls  

Perhaps not officially pronounced a bull season by the media yet, but we will have our 2023 Bull Season headlines showing soon, slowly but surely. OR basically overnight Bitcoin will crush all expectations on its way to new ATHs in 2023, no doubt!

From same article"According to analysts, there is a good possibility that Bitcoin will experience a bullish surge. As per experts, Bitcoin will keep growing in popularity in 2023, and if key factors stay the very same, this trend should continue into 2024. When Bitcoin hits its crucial support, it is known to recover. At the end of 2023, the price range of US$32,000 is anticipated to be broken.

I've been seeing headlines lately like highest hash rate:https://cointelegraph.com/news/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low

This excerpt from the article is eye catching: "Hash rate is a key component of Bitcoin security and significant drawdowns result in network difficulty rising to entice more miners to participate.

Network difficulty is also set to reach levels never seen before this week in a nod to fierce competition in the mining sector.

According to data from BTC.com, the next automated readjustment will send difficulty an estimated 2.75% higher to 38.62 trillion"

The more difficult it is to mine surely will increase the price simply from supply and demand, as we all know.

And all of this FUD by JP Morgan Jamie Dimon is comical. The only reason that he would be saying anything like calling bitcoin a "pet rock" and releasing the FUD questioning the true 21 mil BTC cap is because of Bitcoin's ultimate threat to the Federal Reserve.

BITCOIN TO THE FREAKING MOOON!!!!!

[Ozero]

It is still very early to say that the bull season has returned to the cryptocurrency market. The price of bitcoin is now balancing around $23,000, ethereum and other top coins have even fallen in price a little. But if we talk about the outlook for this year as a whole, then anything is possible here. Bitcoin is often very unpredictable in its price volatility and brings unexpected surprises to participants in this market. Therefore, I would not be surprised if a long-awaited and long bullish period comes in the near future. After more than a year of crypto winter, this is quite possible.

[michellee]

We all hope that bitcoin can reach $ 30k in the first half of this year and continue its next rally in the second half and can reach $ 50k. But unfortunately, we never know whether the scenario will be as we envision it or if the scenario will be completely different. But if that's the case, it means we're getting closer to those times and for that, we should have plenty of bitcoins from here before the first half. But if that doesn't happen, we also have to keep preparing to be able to have lots of bitcoins because the potential for the increase to exceed the last ATH is very large so if we want to get those big profits, we have to be able to have lots of bitcoins. But no matter what happens, we must remain calm and not panic if there is still a deep correction in the bitcoin price so we can see an opportunity to buy more bitcoins.

[bittraffic]

It is still very early to say that the bull season has returned to the cryptocurrency market. The price of bitcoin is now balancing around $23,000, ethereum and other top coins have even fallen in price a little. But if we talk about the outlook for this year as a whole, then anything is possible here. Bitcoin is often very unpredictable in its price volatility and brings unexpected surprises to participants in this market. Therefore, I would not be surprised if a long-awaited and long bullish period comes in the near future. After more than a year of crypto winter, this is quite possible.

That's what they always say until its price goes up further and FOMO comes in. Somehow I can agree it's early to say but the signs are already here because after all a lot of TA guys are saying we are about to burst.

$30K is not very far to reach, there may be dumps in between but we know that the market is ready to go up until it's late for some to buy at a lower rate.

[Lucius]

Bitcoin might reach $30,000 in the first half of 2023 and $50,000 in the second

From same article"According to analysts, there is a good possibility that Bitcoin will experience a bullish surge. As per experts, Bitcoin will keep growing in popularity in 2023, and if key factors stay the very same, this trend should continue into 2024. When Bitcoin hits its crucial support, it is known to recover. At the end of 2023, the price range of US$32,000 is anticipated to be broken.

Your title and what is in the article from which you draw information contradict each other, because the title claims that $30k will be reached in the first half of 2023, and even $50k in the second half, while the article says only $32k, which should be reached by the end of this year.

Of course, you're just using the data of a bunch of thrown speculations, but what does a professor from Sussex University know about Bitcoin, as well as all those "experts" who boast of good numbers when the market is in the green, and bad numbers when the market is in the red... You will still have to wait for that "moon" to happen, because everything below the last ATH is just a recovery, and I personally expect a real bull run only next year.

[OgNasty]

I would agree that the market seems to have a trajectory that will land it above $30,000 in the first half of the year.  $50,000 in the second half is a little taller order.  Sure, it's possible, but there's quite a bit of resistance to break through in order to achieve it.  Personally, I think it will be slow going getting through the $40,000's and if it does break $50,000 this year, I think a retest of the $40,000 level after the halving would be imminent.  After that correction in 2024 though, it will be off to the races and I think a price target for 2025 between $200,000 and $450,000 isn't as far fetched as it probably sounds to people unfamiliar with this market.

[bitgolden]

From same article"According to analysts, there is a good possibility that Bitcoin will experience a bullish surge. As per experts, Bitcoin will keep growing in popularity in 2023, and if key factors stay the very same, this trend should continue into 2024. When Bitcoin hits its crucial support, it is known to recover. At the end of 2023, the price range of US$32,000 is anticipated to be broken.

All the key factors will be treated according to the trend of bitcoin market; no exception for 2023 or anything.

Yeah, per bitcoin cycle, this year is going to be a sideways conditions which means we may not have a new ATH but we will have strong bullish and strong bearish trends alternatively according to those key factors still within bitcoin's this cycle's support and resistance levels; a beauty that you cannot find anywhere else, I bet.

For example, by 2020 March, when bitcoin was trading around $10k levels, the pandemic news arrived and bitcoin market picked bearish wave; still the bottom of 2018 was respected and market bounced back from there toward a new ATH in 2021 as expected. I mean pandemic must be a highly influencing factor still it impacted within bitcoin market's own rules. So, key factors are just indicating things and not driving forces here.

[Husires]

The more difficult it is to mine surely will increase the price simply from supply and demand, as we all know.

Not necessarily a rule or not correct to some extent, the difficulty is adjusted every about 2,016 blocks, which is expected to happen tomorrow, and we can easily compare it with price.

Source

In Block No. 758,016, specifically on 10-10-2022 diff change was + 13.55% which is bigger than current change without big impact on price.
Same at Block No. 697,536 & + 21.53 % Block No. 683,424    

So, does the difficulty adjustment follow the price, or vice versa? Yes, the difficulty adjustment is the one that follows the price to join more miners due to the high value of Bitcoin, but it is temporary within 2,016 blocks

[TravelMug]

Nah, it's too early to predict this kind of price scenario, of course who would not want the price to increase at $30k -$50k? But it's not easy as that, yeah could be the miners difficulty and how they are as the price goes, maybe just breaking even or just making enough profit to cover the cost and not sell their own stash.

But we have to think about the black swan events like last year, the Terra case and then the whole FTX debacle.

There could be events like that this year, we may never know. And if we did then it will have a huge impact in the market.

[adaseb]

I think we will keep rallying like this along with stocks until we get a bad CPI number or bad employment numbers. FOMC are usually priced in. You can tell what the rate will be fairly easy and there are rarely any surprises there.

What can change is the CPI. If we get a large number like 0.5% then we can have a huge sell off. Same with unemployment number. If too many people got employed and the unemployment rate hikes a new low then that is very bearish and might print the top in stocks.

[wxa7115]

Nah, it's too early to predict this kind of price scenario, of course who would not want the price to increase at $30k -$50k? But it's not easy as that, yeah could be the miners difficulty and how they are as the price goes, maybe just breaking even or just making enough profit to cover the cost and not sell their own stash.

But we have to think about the black swan events like last year, the Terra case and then the whole FTX debacle.

There could be events like that this year, we may never know. And if we did then it will have a huge impact in the market.

For 50k to be possible before the halving even takes place then every single circumstance we can imagine will have to go in favor of bitcoin, and even then it is difficult to think such a positive year could come out of nowhere when 2022 was such a difficult year.

30k or even 35k are way more realistic at the end of the year, as by that time investors will increase the rate at which they are accumulating bitcoin as a preparation for the upcoming halving, this will rise the demand and the price along with it.

[Twinkledoe]

Nah, it's too early to predict this kind of price scenario, of course who would not want the price to increase at $30k -$50k? But it's not easy as that, yeah could be the miners difficulty and how they are as the price goes, maybe just breaking even or just making enough profit to cover the cost and not sell their own stash.

But we have to think about the black swan events like last year, the Terra case and then the whole FTX debacle.

There could be events like that this year, we may never know. And if we did then it will have a huge impact in the market.

For 50k to be possible before the halving even takes place then every single circumstance we can imagine will have to go in favor of bitcoin, and even then it is difficult to think such a positive year could come out of nowhere when 2022 was such a difficult year.

30k or even 35k are way more realistic at the end of the year, as by that time investors will increase the rate at which they are accumulating bitcoin as a preparation for the upcoming halving, this will rise the demand and the price along with it.

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

[CageMabok]

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

It is also possible that they will buy at this point, but considering that anything can happen in the market. So buyers also very often observe market conditions by looking at news that can affect all markets including the crypto market in general. The price range written in this topic is not too big if you look at the price levels that are circulating in the market now, so the possibility of reaching it is also greater, although my belief is only at $ 25K in the near future, not at $ 30K.

[EarnOnVictor]

I made a similar reply yesterday about what Bitcoin could do in 2023, and my view remains that the coin will range between $15,500 (2022 low) and $48,000 (2022 high). However, if anything breakout would happen at either of the levels, I suspect it to be on the downside, not otherwise. Bitcoin will still have its moments, but I don't think 2023 is the main time. It's so bullish now in outlook, which is why people have started making positive speculations. You might see them changing when something otherwise starts happening.

One thing that would help BTC this year is a decrease in the inflation rate, if this happens, a better price would be seen, if not, it will be bad for it.

[crwth]

We can speculate all we want, but it's essential to consider the possible things that the articles are being put out. Like "which direction would it be" when determining the asset's price. Of course, it's easier only in the short term, and the long term is even harder to predict, knowing that you should see the market sentiment. However, there are essential things that you should consider.

• Analyze the market: Check the impact of the media and what they are saying about BTC.
• Functionality of the asset: Consider it correlated to its price. Is it worth more or less than it is now with what it gives
• Check the history of the asset: reading the charts would give an insight as well
• Supply and demand: we all know the max supply of BTC.

Better to research first and have an informed approach of what BTC is to you and the price it should be and use it as a long-term view of the asset, and you can never go wrong.
It can reach higher than that for me, and it's essential to HODL more BTC.

[Fakhrulenclix]

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

It is also possible that they will buy at this point, but considering that anything can happen in the market. So buyers also very often observe market conditions by looking at news that can affect all markets including the crypto market in general. The price range written in this topic is not too big if you look at the price levels that are circulating in the market now, so the possibility of reaching it is also greater, although my belief is only at $ 25K in the near future, not at $ 30K.

until now the price of Bitcoin continues to move up, for a price of $ 25K it is very realistic and even I say it is very possible for a price of $ 30K in early 2023.
however, this speculation can happen with all possibilities and people's belief in what will happen in the future is, of course, still in uncertainty, but there are several indicators that can be used as a reference so that these speculations are most likely to occur.

For me personally, I believe in a positive movement that continues to occur as it is now, although slowly, but I believe it will continue to move in a positive direction.

[Odusko]

Perhaps Bitcoin bitcoin bull market could be pronounced by speculators who are in for a short-term analysis of bitcoin price, but then the price of Bitcoin is still around 23,000+ which is and an early green indication that predicts a recovery phase after a long bear trend that was triggered by unfavourable events in the cryptocurrency market in 2022.
Let's take more time to observe the market trends for a while before we declare the present situation as a bull return because Bitcoin's 23k+ price is still far from the previous all-time high.

[Ultegra134]

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

It is also possible that they will buy at this point, but considering that anything can happen in the market. So buyers also very often observe market conditions by looking at news that can affect all markets including the crypto market in general. The price range written in this topic is not too big if you look at the price levels that are circulating in the market now, so the possibility of reaching it is also greater, although my belief is only at $ 25K in the near future, not at $ 30K.

until now the price of Bitcoin continues to move up, for a price of $ 25K it is very realistic and even I say it is very possible for a price of $ 30K in early 2023.
however, this speculation can happen with all possibilities and people's belief in what will happen in the future is, of course, still in uncertainty, but there are several indicators that can be used as a reference so that these speculations are most likely to occur.

For me personally, I believe in a positive movement that continues to occur as it is now, although slowly, but I believe it will continue to move in a positive direction.

I was actually one of those who believed that the current bull run would be short lived, but till now I've been proven wrong. I was anticipating that the market would eventually fall back to lower levels, but it doesn't look like it's going to happen anytime soon. Bitcoin seems to be moving towards the $25,000 mark, and $30,000 should be just around the corner within the next few months.

I'm honestly a little bit disappointed because I was planning to purchase BNB and also preferred the bear market in order to accumulate more Bitcoin. I've set a goal to acquire at least 0.25 BTC until the end of the year, and the previous bear market was setting the ideal conditions for it to happen.

[traderethereum]

Well, if nothing else. Just for good vibes, right? Everyone can give their own prediction so you can very well give yours also. Now, the difference is how you react on this speculation. Are you going to buy more satoshis or just observe for the time being? In this market, we have seen that anything is possible depending on the news surrounding this market.

It is also possible that they will buy at this point, but considering that anything can happen in the market. So buyers also very often observe market conditions by looking at news that can affect all markets including the crypto market in general. The price range written in this topic is not too big if you look at the price levels that are circulating in the market now, so the possibility of reaching it is also greater, although my belief is only at $ 25K in the near future, not at $ 30K.

Given the current price range, it looks like buying more could allow us to make bigger profits in the future, especially if bitcoin's price spike does occur after the middle of this year.
Thus, we can see the predictions of the profit we can get when the price can reach the next new ATH.
And reach the price at $25k looks like it could happen soon but we have to be patient because it will need more support to increase its price.
Right now, the price seems to be strengthening and could touch the $23,300 range again so if this continues, it looks like the price can reach $24k and $25k in the next month.

[cryptomaniac_xxx]

I made a similar reply yesterday about what Bitcoin could do in 2023, and my view remains that the coin will range between $15,500 (2022 low) and $48,000 (2022 high). However, if anything breakout would happen at either of the levels, I suspect it to be on the downside, not otherwise. Bitcoin will still have its moments, but I don't think 2023 is the main time. It's so bullish now in outlook, which is why people have started making positive speculations. You might see them changing when something otherwise starts happening.

One thing that would help BTC this year is a decrease in the inflation rate, if this happens, a better price would be seen, if not, it will be bad for it.

Still a win-win though, if the break out is on the negative side, then another great opportunity to buy. And then if we are continuing to accumulate since last year, then at $48k you could make a profit already.

Nevertheless, what we are waiting is the halving next year, so even if we reaches $50k, might be better to just hold and wait.

There's nothing good that seeing your portfolio because you are patience enough to wait.