Bitcoin 12,000 in 2023.

[19Nov16]

The price is currently around $23k and it seems hard to see a drop touching $12k, even when the bad times happened at the end of 2022 many believed that the price would continue to drop below $15k, but that didn't happen, and now the market is looking good and FUDs are getting less and less as prices go up, investors have forgotten about the FTX tragedy and it's time to see prices skyrocket again.

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[crypticj]

Which economy are you talking about?

I'm talking about the US economy because it's the biggest one and a large number of people in the US invest in crypto or other assets so if the market in the US crashes usually everything goes to shit all over the world. And the worlds economy is not in a great place right now because of the war, covid, and other stuff. 

[michellee]

Which economy are you talking about?

I'm talking about the US economy because it's the biggest one and a large number of people in the US invest in crypto or other assets so if the market in the US crashes usually everything goes to shit all over the world. And the worlds economy is not in a great place right now because of the war, covid, and other stuff. 

It could collapse and when it does, other countries will look for another strongest country to use as a benchmark as they did with the US before. And this will change the world economy, no longer led by the US but by other countries. I may be wrong because I only saw the worst that could happen.

And, of course, it will also affect all markets, not just the crypto market. And countries may choose crypto as their handle instead of dollars.

There is a possibility that bitcoin will fall back but let's hope it doesn't happen. Bitcoin will fall back if the world economy also falls but that doesn't mean bitcoin doesn't have a chance to rise again. Bitcoin can rise again and gain other countries' trust because bitcoin stands alone and is not bound by the state.

[Minor Miner]

The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.

This is what I fear, people seem to care only about falling inflation and assuming the economy is recovering, but people are ignoring the news that unemployment is rising and interest rates are still high. This means that even though the crisis is under control, a recession is still very close to us.

That's also one of the reasons why I'm afraid this bitcoin bull run is short-lived with positive news like CPI, and PCI, but then it's very likely to be followed by another plunge.

[Reid]

It could happen and I am always open to that possibility. It's Bitcoin, the word "Volatility" is glued unto it. Might as well just call the volatile currency. 
Anyway, I believe what you said is reality. Economy is not yet better and how I wish this is a correction, but I doubt it. If you are a trader I won't just sleep it through, always monitor the market as a dump may really happen anytime.
This is the part where scary movements could happen because we got used to the stagnant price for months.

[Joshapat]

The price of bitcoin is always interesting and unpredictable, it's normal that many people speculate in the hope of saving bitcoin, but we must always think that bad things can happen, year 2021 when the price of bitcoin almost reaches $ 70k, I'm sure it won't drop below $ 50k so I dared to buy, unfortunately a lot of bad records happened like LUNA and FTX which made the price drop to $15k level.

[Pierre 2]

I think I can safely say that this claim didn't age well. I was also expecting price to go somewhere under 15000 levels (not 12000). But it didn't happen. I think its too late now for this claim. I don't think Bitcoin bulls will allow Bitcoin to go under 20000. Honestly if it drops below 20000 I will buy even more Bitcoin to make my wallet ready for next big halving. If I consider this I think many people will consider exactly same so Bitcoin will resist high around 20000 dollar levels.

[uneng]

Bitcoin has almost hit 24,000$ in the end of January, what could have been its best January performance since 2013, at least. Instead, we saw a correction back to 22,000$ price range, although right now bitcoin is already recovering again, back to the 23,500$'s, in this February month which started with an intense positive fluctuation.

Now the expectation is that bitcoin hit 24,000$ sooner or later, consequently maintaining the positive trend which has started in January and continued during the whole month. I don't see signals which could indicate bitcoin is going to drop for now. The market is looking better and better each new day on this new year of 2023.

[stomachgrowls]

Bitcoin has almost hit 24,000$ in the end of January, what could have been its best January performance since 2013, at least. Instead, we saw a correction back to 22,000$ price range, although right now bitcoin is already recovering again, back to the 23,500$'s, in this February month which started with an intense positive fluctuation.

Now the expectation is that bitcoin hit 24,000$ sooner or later, consequently maintaining the positive trend which has started in January and continued during the whole month. I don't see signals which could indicate bitcoin is going to drop for now. The market is looking better and better each new day on this new year of 2023.

We are almost on 24k as of this moment and we do have that sudden increase of price on last few hours which does indicate that we might be able to hit up 25k soon if ever this price movement or behavior wont really be changing up.I dont know but why there are lots of people who had been expecting for the price to hit up 12k which i dont see for this possibility but if there are some negative news that would impact out on the market then it would really be that possible but who knows? There's no way that we could really be able to predict on what would happen for this year 2023 whether we would be able to see some recovery or would really
be that able to see these low prices considering that lots of people had been anticipating for this point.

[o48o]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

That would need something drastic to happen, but as we already had unseen pandemic and war i thought i never see. I wouldn't be surprised about some catastrophic event. Although there would not be a safe heaven to invest if that happened beside doom-shorting everything. World economy does look dark, but from my experience things always look darkest near the bottom.

So wouldn't count it out but i like to be optimistic about the world so i won't be betting buy orders to $12k. It's already seems to have stabilized on the current area. My guess is that bitcoin volatility will be boring for a while until people see it too old and boring. After that bounce to new ath will probably surprise everyone.

[Johnyz]

I think I can safely say that this claim didn't age well. I was also expecting price to go somewhere under 15000 levels (not 12000). But it didn't happen. I think its too late now for this claim. I don't think Bitcoin bulls will allow Bitcoin to go under 20000. Honestly if it drops below 20000 I will buy even more Bitcoin to make my wallet ready for next big halving. If I consider this I think many people will consider exactly same so Bitcoin will resist high around 20000 dollar levels.

There’s a lot of predictions like this but it looks like Bitcoin is not bothered here and BTC focuses more on the pump. $12k will not happen anymore, there’s a strong candles that support the current trend of BTC and its getting stronger. What we can see is a possible correction but another bear trend might not happen, we are about to rise now so look for a more positive predictions, you’ll see its more possible to happen.

[Raflesia]

When I saw your title I honestly said this person is cool because I can know the price that will occur in 2023 very precisely
Not meaning to laugh at the possibility that it still exists but in this condition we also have to look at it from another angle, now bitcoin has almost reached $ 24k.
On the other hand with that state of mind then it is possible that if you have bitcoins you will obviously sell instead and wait again for the $12k price you mentioned then I think that's good so I can buy again

[South Park]

I think I can safely say that this claim didn't age well. I was also expecting price to go somewhere under 15000 levels (not 12000). But it didn't happen. I think its too late now for this claim. I don't think Bitcoin bulls will allow Bitcoin to go under 20000. Honestly if it drops below 20000 I will buy even more Bitcoin to make my wallet ready for next big halving. If I consider this I think many people will consider exactly same so Bitcoin will resist high around 20000 dollar levels.

There’s a lot of predictions like this but it looks like Bitcoin is not bothered here and BTC focuses more on the pump. $12k will not happen anymore, there’s a strong candles that support the current trend of BTC and its getting stronger. What we can see is a possible correction but another bear trend might not happen, we are about to rise now so look for a more positive predictions, you’ll see its more possible to happen.

We must recognize that bitcoin moves in ways that are very difficult to predict, just as at this time it seems unlikely for the price to go down and reach 12k, you would have been hard-pressed to find people at December that thought we could have reached 24k during January, at the time everyone was very bearish about the market and they thought that the negative trend was going to continue, circumstances which are similar now but on the opposite end of the spectrum, and while I also think this is unlikely we must never discard such possibility.

[fadhilz123]

The price is currently around $23k and it seems hard to see a drop touching $12k, even when the bad times happened at the end of 2022 many believed that the price would continue to drop below $15k, but that didn't happen, and now the market is looking good and FUDs are getting less and less as prices go up, investors have forgotten about the FTX tragedy and it's time to see prices skyrocket again.

Now the price of Bitcoin is almost $24K even if you look at the market today. And this means that the potential upside for Bitcoin this year will far outweigh the downside because it may be true what you said that investors have started to forget about the tragedy that happened to FTX last year and with a little FUD also starting to have an impact on the increase in Bitcoin as traders are also starting to get excited again to continue buying and trading it as usual apart from holding it for some time.

[LFC_Bitcoin]

Too many people think $15,xxx wasn’t the bottom & too many people are still twerking for new lows which is what makes me think that we have already seen the bottom.

$12,000 is a nearly 50% drop from here, we already dropped over 60% from the ATH. It’d take a real catastrophic event to see $12,000. I can’t see it but nothing is impossible.

[Baofeng]

The price is currently around $23k and it seems hard to see a drop touching $12k, even when the bad times happened at the end of 2022 many believed that the price would continue to drop below $15k, but that didn't happen, and now the market is looking good and FUDs are getting less and less as prices go up, investors have forgotten about the FTX tragedy and it's time to see prices skyrocket again.

Now the price of Bitcoin is almost $24K even if you look at the market today. And this means that the potential upside for Bitcoin this year will far outweigh the downside because it may be true what you said that investors have started to forget about the tragedy that happened to FTX last year and with a little FUD also starting to have an impact on the increase in Bitcoin as traders are also starting to get excited again to continue buying and trading it as usual apart from holding it for some time.

Right, and if that scenario should have to take place bitcoin will have to go down -50% this year. I'm not saying that it is not possible, because it is. But the chances are very low as we look at the start of the year. Investors are very bullish about it and if we reach like in the $30k'ish in this bull run, that will be +50% of the lowest lows.

So we might have hit the lowest low already in this bear cycle, and the price for this year might play along the $30k-$40k range before the eventual bull run in 2024 (right after the block halving).

[Pejoh Asu]

Today the price is up more than 3% and now it is getting closer to reach $24k and I believe this week the price could touch $25k, but bad things can happen anytime due to many factors, but if you look at the trend since 2021 then I believe the price is $12k hard to achieve, even when the big panic hit in late 2022 the low was $15k when many experts believed it would drop below $10k.

[Moeda]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

Yes, I thought so too. But my estimate is that this condition will take place between April and September. For now, things are still running normally, even if the bull market condition is still going on. Most likely the month of September will start from the bull run market.

[Yatsan]

Year is still long and if it is general possibility, ofcourse there is a tendency especially if there will be something negative such as some sort of news, which could create a negativity in this industry as well. But right now, we can see the market price of Bitcoin gradually climbing which is a good thing. The only problem is that, the supporting reason for this increase isn't as strong for a bullish trend. However, it is something to look forward with for this year. But honestly, I am more expecting for an increase next year and this year I was expecting for a stagnant market price below $20k. Simply proves that its market prices has no certainty.

[n0ne]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

Yes, I thought so too. But my estimate is that this condition will take place between April and September. For now, things are still running normally, even if the bull market condition is still going on. Most likely the month of September will start from the bull run market.

Everyone know well about the volatility of the bitcoin market. This is no surprise that we've got chances of dropping down in value over the falling months. For now everything is in good position. The downward movement happens in connection with the upcoming halving. From the low price it'll slowly start to increase. Only then it can reach higher prices, if not bitcoin might look overpriced.