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

[ethereumhunter]

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.

With a decline that may happen again, at least we can increase the number of bitcoins we have to prepare for the achievement of the bitcoin price to a higher price. Maybe 2023 is not the right time to increase the price to the last ATH but maybe this year is the right time to increase the price to $40k or even $50k so that before or after the halving, the price can break through the last ATH and finally be able to create a new ATH. So to achieve that goal, we have to stay afloat while accumulating more bitcoins while we still can.

[savetheFORUM]

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.

The price is currently trading around $23.5k. It might continue till $24k but I am not sure if we will continue to $25k and beyond as this was the hardest zone that BTC is trying to break so far. I will only be confident that $30k is possible once we reached or pass $25k barrier. Speculations will likely happen if we will also follow it with an action. Say if we speculate the price to go up, that is possible if we will also buy more and then HODL.

There are available indicators that we can use but not all times they accurate. There are times that they are accurate but then the price intentionally move on to another direction due to manipulation so we must be careful to not caught out by the trap prepared by the whales.

[Baofeng]

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.

The price is currently trading around $23.5k. It might continue till $24k but I am not sure if we will continue to $25k and beyond as this was the hardest zone that BTC is trying to break so far. I will only be confident that $30k is possible once we reached or pass $25k barrier. Speculations will likely happen if we will also follow it with an action. Say if we speculate the price to go up, that is possible if we will also buy more and then HODL.

There are available indicators that we can use but not all times they accurate. There are times that they are accurate but then the price intentionally move on to another direction due to manipulation so we must be careful to not caught out by the trap prepared by the whales.

We can only speculate that $25k might be the key resistance in this bull run. Yes, as we further goes up, we might hit the hardest zone around that price. Of course if we hit $25k and then sustain, then we will have the momentum to go and chase another whole numbers at $30k.

Indicators are not that accurate, it can only help as that much. But we really don't know the feeling of the traders/speculators or investors. Maybe one day we will see a sell off again due to some negative news. Or will continue to pump up the numbers by the whales to $30k or higher.

[uneng]

So far this prediction has some chances of being right. Bitcoin is probably going to hit 24,000$ today, in a clear evidence of another achievement on this new year, and it's doesn't seem it's going to stop there. From 24,000$ to 30,000$ it's just more 6000$ to go, and that is less than the trajectory in price increasement bitcoin has done since the beginning of 2023, coming from 16,000$ to 24,000$ (+8000$). Hopefully next month bitcoin will be crossing the 30,000$ barrier, if there aren't any severe corrections meanwhile!

[Wiwo]

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.

Bitcoin will have a favourable movement all through out 2023 and from the look of things,  bitcoin is currently heading to some level of recovery that $30k price may be too little to achieve in the whole first quarter of the year, and at the moment bitcoin have recovered to $23k+ and that is a enough volume to push the price of bitcoin above 30k before the next 30/ day cycle if the market recovery continued with this current momentum.

[GeorgeJohn]

Theirs no much sign to attest that the bullish market are fully back, because their is every tendency that the market can depreciates and return to the normal price in 2022.so concluding that the price of Bitcoin or the situations Bitcoin found it's self right is due to conclude that it's in bearish market, i will say it's a fallacy.

[peter0425]

Bull Season is back boys and girls  


BITCOIN TO THE FREAKING MOOON!!!!!

Will this be the Season to be Bull? but is there something  we cab expect big in the coming months? I mean aside from that 30-50k? though I doubt we will be getting 50k this year alone , because with still so much economic problem worldwide ? I think this will keep  holding  this level and denies that high for now.

[Patrol69]

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.

Bitcoin will have a favourable movement all through out 2023 and from the look of things,  bitcoin is currently heading to some level of recovery that $30k price may be too little to achieve in the whole first quarter of the year, and at the moment bitcoin have recovered to $23k+ and that is a enough volume to push the price of bitcoin above 30k before the next 30/ day cycle if the market recovery continued with this current momentum.

2023 may bring a boon for Bitcoin. Because we have already seen that the market price of Bitcoin is increasing step by step from the beginning of 2023 until now. But the price of Bitcoin has already crossed $23.5k . Although the Bitcoin market is on a small scale, but it is increasing gradually which is very positive for the market. If the growth trend continues as the Bitcoin price is increasing in certain steps, then I think the price of Bitcoin will touch $30K  long before the middle of 2023.  As the value of Bitcoin increased, the markets of other coins started to become positive.  Hopefully, the value of other digital currencies including Bitcoin will reach a good level.

[BenCodie]

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.

You are right about the difficulty, though I still have my doubts. I believe that miners have effective control over the market and it would be in their best interest, as well as higher power individuals/groups for the price not to increase so smoothly during the year. My prediction is that there will be growth but that another "catastrophe" like Luna or FTX will occur, once again providing the significance of "not your keys not your coins" and the downfalls of custodial services, which will hinder the expected growth until the end of this year or until during 2024, where the halving will force miners to increase the price in order to maintain a profit on their operations.

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.

This on the other hand shows extreme fear from big banks. Usually if they are blasting the fud, they know good things are on the horizon and they are trying to keep as much of the public out as possible. You are totally right that it is comical at this point and it takes me back to the Bitcoin Obituary every time 

[Wiwo]

2023 may bring a boon for Bitcoin. Because we have already seen that the market price of Bitcoin is increasing step by step from the beginning of 2023 until now. But the price of Bitcoin has already crossed $23.5k . Although the Bitcoin market is on a small scale, but it is increasing gradually which is very positive for the market. If the growth trend continues as the Bitcoin price is increasing in certain steps, then I think the price of Bitcoin will touch $30K  long before the middle of 2023.  As the value of Bitcoin increased, the markets of other coins started to become positive.  Hopefully, the value of other digital currencies including Bitcoin will reach a good level.

Bitcoin have indeed shown some market movement that have changed the phase of the entire cryptocurrency market,  and at that bitcoin 2023 have been on a consistent price increase since the market picked to recover from the 2022 low of $16,000 approaching the end of the last year and a good market movement has been recorded since the start of 2023.
-first, since the market price recovered back to 17k then to above 20k and right now pitching its price tent at $23,500+ this is a good indication of a better price in the coming days since the price trajectory has not declined since it pick in early January 2023/till date.

[yhiaali3]

The recent rally of Bitcoin has everyone optimistic about the start of bull season, but this is unnecessary in my view as it is still too early to confirm or deny it.

We are waiting for the monthly closing, if it closes above $25,000, there will be a big rise and another talk.

It is possible for Bitcoin to rise to 30k, but it is not necessary for it to continue rising towards a new high. The greatest possibility is that we will see a big correction after this big rise.

let's watch and wait.

[nurilham]

The price is currently trading around $23.5k. It might continue till $24k but I am not sure if we will continue to $25k and beyond as this was the hardest zone that BTC is trying to break so far. I will only be confident that $30k is possible once we reached or pass $25k barrier. Speculations will likely happen if we will also follow it with an action. Say if we speculate the price to go up, that is possible if we will also buy more and then HODL.

Why are you not sure Bitcoin to continue to $25k? I think it is not impossible to reach in Q1, the trend has changed. If you saw it was difficult to achieve in 2022, it was because too many FUDs or bad news at that time. Now, in 2023, we have passed the phase of most severe decline. More positive news are coming in this year, it will trigger the Bitcoin price to continue raising. Sure, to reach $30k, we must pass $25k first. Q1 may be the time to reach $25k and $30k may be achieved in Q2 of this year.

There are times that they are accurate but then the price intentionally move on to another direction due to manipulation so we must be careful to not caught out by the trap prepared by the whales.

Something like this is always possible to happen. But those whales also want profits, they won't buy at the whole of time. Since they already filled their bags fully in 2022, they must support the Bitcoin increases gradually from 2023 to the bullrun season (2024-2025). The whales must have the same hope that to gain huge profits in the bullrun seasons as much as possible.

[hatshepsut93]

Looking at the past, Bitcoin generally doesn't reach the peak of the previous cycle until many months after the new halvening. $50k before the halvening, which is more than a year away from now, is not realistic in this model, considering that the previous peak is $69k. $35-40k is the most optimistic scenario, but also Bitcoin could just stay between $20k and $30k for this year and then quickly jump to $60k in the second half of 2024.

[tokeweed]

Just when everybody started getting really excited for the prospect of 30k, there was some whale who stop ran the shorts then possibly began shorting himself and thereby possibly stopping the trend for a couple of weeks or so and BTC starts going sideways again at maybe 20k - 23k.

So everybody itt who's buying at resistance, stop it for now.  It's prolly gonna start going down, giving everybody a better price to get in.  Just IMHO.  Could be wrong.

[GeorgeJohn]

Looking at the past, Bitcoin generally doesn't reach the peak of the previous cycle until many months after the new halvening. $50k before the halvening, which is more than a year away from now, is not realistic in this model, considering that the previous peak is $69k. $35-40k is the most optimistic scenario, but also Bitcoin could just stay between $20k and $30k for this year and then quickly jump to $60k in the second half of 2024.

Bitcoin price just started and I believe that the price of Bitcoin is something i believe that can go up today and get above the previous price. So therefore i believe that what bitcoin is experiencing now is just the starting and it will finally meet up the initial price if this year carries a positive information concerning Bitcoin.

[yohananaomi]

Looking at the past, Bitcoin generally doesn't reach the peak of the previous cycle until many months after the new halvening. $50k before the halvening, which is more than a year away from now, is not realistic in this model, considering that the previous peak is $69k. $35-40k is the most optimistic scenario, but also Bitcoin could just stay between $20k and $30k for this year and then quickly jump to $60k in the second half of 2024.

Bitcoin price just started and I believe that the price of Bitcoin is something i believe that can go up today and get above the previous price. So therefore i believe that what bitcoin is experiencing now is just the starting and it will finally meet up the initial price if this year carries a positive information concerning Bitcoin.

actually the beginning of the year has brought very positive things from the bitcoin movement but it didn't last long it just seemed like a temporary surprise and it doesn't look like it will continue to improve and increase until the end of this year. I actually agree with the opinion that bitcoin will be able to survive in the range of $ 20K-$ 30K, of course, this is something very good, before changing the year by entering the halving era, it can immediately move without going down too far.

[dragonvslinux]

I see this as very possible, as I referenced here based on 2019 fractal and rebound to 0.618 fib retracement level, which is at $48.5K for reference sake.

Many see $30K as a realistic target for the year, many less see $50K as possible, but if $30K is broken to the upside then for me this would be the next target due to lack of resistance to the upside.

It's also true, based on the article, that it might take longer to get to $100K levels than simply a 2025 bull market. It may be a slow grind to the upside from that point on.

[fzkto]

I see this as very possible, as I referenced here based on 2019 fractal and rebound to 0.618 fib retracement level, which is at $48.5K for reference sake.

Many see $30K as a realistic target for the year, many less see $50K as possible, but if $30K is broken to the upside then for me this would be the next target due to lack of resistance to the upside.

It's also true, based on the article, that it might take longer to get to $100K levels than simply a 2025 bull market. It may be a slow grind to the upside from that point on.

I don't know if you will change your mind, but the mood in crypto is changing very quickly. Today people have laser eyes on their avatar and tomorrow those same people will be writing that bitcoin is dead. It's a similar situation now that bitcoin failed to break 25k again and is falling. Many people think it is a continuation of the bears.

[pixie85]

I see this as very possible, as I referenced here based on 2019 fractal and rebound to 0.618 fib retracement level, which is at $48.5K for reference sake.

Many see $30K as a realistic target for the year, many less see $50K as possible, but if $30K is broken to the upside then for me this would be the next target due to lack of resistance to the upside.

It's also true, based on the article, that it might take longer to get to $100K levels than simply a 2025 bull market. It may be a slow grind to the upside from that point on.

I feel like 50 would be a confirmed bull market. It's not going to happen before the halving unless we get some really positive news like a large country accepting bitcoin as currency, the way El Salvador did.

I'm calm and confident here but I also try to be a realist. 30 000 this year would satisfy me in full and it's perfectly reachable by the end of the year. I think that we'll have some bearish bias, like we have right now, possibly go back to 20 000 again and then get a new rally in 2-3 months that will finally breach 25 000 and take us towards 30s. Don't expect much more this year with the US rates so high. 

[thecodebear]

$30k first half is pretty likely. Though Silvergate stuff dropped Bitcoin this month that's just a short term thing and price is likely to rebound soon. Though also sounds like the Fed might do a 50 point raise this month instead of 25 point so investors will probably be afraid to get into Bitcoin again and sounds like interest rate raises will probably continue into the summer which will hold back some money from coming into Bitcoin until second half of the year.

But still Bitcoin is likely to break out of the bottom of the market ($25k) this Spring at some point, and when it does $30k will probably be reached pretty quickly.

Only real threat is if Gensler and the SEC goes full on against crypto soon and tries to drag the market down through tyrannical regulation and lawsuits. Hopefully that won't happen but it definitely looks like that's what the Gensler-led SEC is building up to. This is the only thing that could spell real trouble for Bitcoin recovery this year. But if this doesn't happen then I could definitely see Bitcoin over $40k later in the year, though I'm not sure it'll get all the way up $50k before 2023 is out. Because even if there isn't full-on tyrannical action against the industry by the SEC they will definitely be taking more anti-crypto actions this year.