Bitcoin 12,000 in 2023.

[MoonOfLife]

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.

I have the same opinion as you, I also believe this rally will last until the end of March, and at the beginning of April, bitcoin will have strong corrections. It is very likely that bitcoin will make the final bottom of this bear season before officially ending the bear season and entering a recovery phase in preparation for the halving.

[Popkon6]

The Bitcoin price and the country's economic system are in crisis all over the world.  The price of Bitcoin has fallen drastically due to volatility.  Now, by investing in assets with the cryptocurrency market and financial markets, you need to position yourself so that future bitcoin price increases will increase your portfolio.  It is better to invest in Bitcoin in the current market as its price will continue to increase in the future.

[KingsDen]

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.

I have the same opinion as you, I also believe this rally will last until the end of March, and at the beginning of April, bitcoin will have strong corrections. It is very likely that bitcoin will make the final bottom of this bear season before officially ending the bear season and entering a recovery phase in preparation for the halving.

That is one thing with the market sentiments. There will always be speculations and when such speculations are made, if it doesn't create some fud, it will remain in the mind of bitcoiners.
For instance I haven't conceive an idea that bitcoin can pull below $18k this year. I was even saying that even if btc had to crash drastically, it shouldn't go below the previous ATL. But now the sentiment of $12k is trying to stick to my brain but I'll repel it.

[GeorgeJohn]

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

Bitcoin getting increasing or experiencing falling is nor longer a new thing, because i believe that Bitcoin have experience falling and rising in so many ways, so theirs every tendency that Bitcoin price will rise and also falls at any point in time, like throughout last year Bitcoin experienced a lot of down fall in the market and now that it tried to get some fraction in values, that doesn't mean that it won't experience falling again. So the market is unpredictable which it's can turn positive now and within a seconds it turns to negative in price, so this has been the system of Bitcoin for it's increment.

[fzkto]

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.

I have the same opinion as you, I also believe this rally will last until the end of March, and at the beginning of April, bitcoin will have strong corrections. It is very likely that bitcoin will make the final bottom of this bear season before officially ending the bear season and entering a recovery phase in preparation for the halving.

That is one thing with the market sentiments. There will always be speculations and when such speculations are made, if it doesn't create some fud, it will remain in the mind of bitcoiners.
For instance I haven't conceive an idea that bitcoin can pull below $18k this year. I was even saying that even if btc had to crash drastically, it shouldn't go below the previous ATL. But now the sentiment of $12k is trying to stick to my brain but I'll repel it.

It seems to me that 12k for bitcoin under bad scenarios is not fantastic. Neither is it if it suddenly reaches 40k this year. As always the probability is the same. Either the price goes down or it goes up. But it also seems to me that this year will be an accumulation before the next halving without much volatility, as it was last year when the price fell permanently. Last year, all four quarters were in the red. I am sure that this year will be much better and already the first quarter will be green.

[Bitcoin_people]

We have seen the Bitcoin market exert an upward force since the beginning of 2023, gradually increasing. Earlier, the price of Bitcoin had dropped to around $14000. However, since then, the market has not gone downwards, but the market has continuously increased. And currently the bitcoin market is about $23k, I think the price of bitcoin will not decrease anymore, the market will increase more in the future.

[Mpamaegbu]

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

If by below $20k you meant $12k, o seriously doubt we will get that roughed out to that dump. I would've expected that around the period before Bitcoin started pushing up in January. Since we didn't and Bitcoin is looking good in every sense of it at the moment, I don't think it will dip that much to that point. We can get it below $20k but I won't expect it to crash to that $12k region. Besides, we've to reckon that 2023 is expected to herald a bull rally as halving is next year. We know how positive all the previous halvings have been on Bitcoin and the entire crypto market. I expect same again.

[GeorgeJohn]

We have seen the Bitcoin market exert an upward force since the beginning of 2023, gradually increasing. Earlier, the price of Bitcoin had dropped to around $14000. However, since then, the market has not gone downwards, but the market has continuously increased. And currently the bitcoin market is about $23k, I think the price of bitcoin will not decrease anymore, the market will increase more in the future.

The price of cryptocurrency is not constant and i believe that Bitcoin have its own ways of increment, so therefore it's obvious that the price of Bitcoin always fluctuates and since the origin of it, it never remain or been constant or stagnant, so what i have to tell you now is that bitcoin price is rotational, it either increase or decrease and it has been the nature, so seeing Bitcoin on the degradation in Values, it doesn't really mes anything from my perspective. The can fall now and next two days it resurrect.

[Reatim]

If it is possible to drop below 20k but does not mean to fall at 12k , I believe that we already reached the  bottom and look at the price now .

 we have broken the 24k recently and yes this does not fall like what you expect so why not close the thread and wait for another trend if it is possible to be tackle.

We have seen the Bitcoin market exert an upward force since the beginning of 2023, gradually increasing. Earlier, the price of Bitcoin had dropped to around $14000. However, since then, the market has not gone downwards, but the market has continuously increased. And currently the bitcoin market is about $23k, I think the price of bitcoin will not decrease anymore, the market will increase more in the future.

https://coinmarketcap.com/currencies/bitcoin/

that is the maintaining price of Bitcoin nowadays so yes it is continuously increasing .

[jrrsparkles]

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

It may happen and it happened tooo from $65K to $15K  from its previous ATH so possibility of reaching 12K from 23K is really high but the reason is not much convincing to me because I don't think more people who are in working class holds that much BTC as other assets so if they sell their assets to fulfilling their survival needs won't affect BTC price that much.

We may need some big reason for sudden crash like you are talking which may related to a hack of an exchange or scam from a project, etc.

[Unbunplease]

I don't think there will be serious reasons for bitcoin to reach 12,000 in 2023. U.S. inflation is coming down, the economy is slowly starting to recover, and a crash of the major exchanges is unlikely. Bottom is gone.

[ivankoh]

Volatility is very small right now but I don't think there will be another bigger bottom at 12k, 15k bottom formation and 24k rally could offer great potential for long-term holding on the macro outlook tissue.  The biggest possibility is that bitcoin could stay below 18-20k, plenty of time left in 2023. We could end Q1 breaking $25k.  I believe bitcoin has led the market out of the bear market after a somewhat more stable economic outlook, it has ignited new demand in the market.

[yohananaomi]

we really hope that the world economic crisis in 2023 will not be as scary as expected, even though the IMF admits that the global economy will only grow at 2.7% and this is down from 2022 at 3.2%.
so it's only natural that predictions for bitcoin will also be expected to be affected, so if it can be a little better than the end of 2022, of course this is an achievement in itself.
really hope that the global crisis can indeed be overcome as well as possible and of course there will be improvements, but if the price of bitcoin at the end of 2023 can reach $ 12K, of course it will be slightly lower than the end of 2022 and it is still very reasonable.

[lepbagong]

The Bitcoin price and the country's economic system are in crisis all over the world.  The price of Bitcoin has fallen drastically due to volatility.  Now, by investing in assets with the cryptocurrency market and financial markets, you need to position yourself so that future bitcoin price increases will increase your portfolio.  It is better to invest in Bitcoin in the current market as its price will continue to increase in the future.

yes, indeed this year the world is entering an economic crisis and it is certain that bitcoin will also experience a drastic price drop even though at the beginning of this year bitcoin actually increased quite sharply, but it is feared that this increase will only be temporary.
continue to invest in bitcoin because bitcoin in the future will be very high compared to the previous year.

[lienfaye]

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

Well, I won't be surprise if Bitcoin return back below $20k price. Like what others already pointed out there's always a possibility for it to happen due to many reasons. One of it is the economic crisis (and as you've said unemployment) that can affect the investors to sell even at loss because they're already in need.

Though I don't think Bitcoin will reach a $12k value as the bottom because if the price plunge further, certainly many investors will already take advantage it knowing that halving is already near. Therefore if you're planning to buy, don't wait for the bottom since we can't pin point it. If you can afford the price then fill your bags already and wait for bullrun.

[Iranus]

The Bitcoin price and the country's economic system are in crisis all over the world.  The price of Bitcoin has fallen drastically due to volatility.  Now, by investing in assets with the cryptocurrency market and financial markets, you need to position yourself so that future bitcoin price increases will increase your portfolio.  It is better to invest in Bitcoin in the current market as its price will continue to increase in the future.

yes, indeed this year the world is entering an economic crisis and it is certain that bitcoin will also experience a drastic price drop even though at the beginning of this year bitcoin actually increased quite sharply, but it is feared that this increase will only be temporary.
continue to invest in bitcoin because bitcoin in the future will be very high compared to the previous year.

The world economy has been in crisis since 2022, not just the beginning, and things are starting to recover as inflation shows signs of slowing down. The possibility of bitcoin falling again is entirely possible, but for bitcoin to drop to $12k, I don't think that will happen. I also thought bitcoin would drop to the $12k region last year with the black swan event, but that didn't happen, so it's doubtful that this will happen this year.
If bitcoin goes up or down, this year is still a good year to invest in bitcoin, as long as bitcoin hasn't hit its old ATH, there is always an investment opportunity.

[tygeade]

The world economy has been in crisis since 2022, not just the beginning, and things are starting to recover as inflation shows signs of slowing down. The possibility of bitcoin falling again is entirely possible, but for bitcoin to drop to $12k, I don't think that will happen. I also thought bitcoin would drop to the $12k region last year with the black swan event, but that didn't happen, so it's doubtful that this will happen this year.
If bitcoin goes up or down, this year is still a good year to invest in bitcoin, as long as bitcoin hasn't hit its old ATH, there is always an investment opportunity.

I do not think that possibility of bitcoin dropping is realistic just because economy is recovering. We had inflation a few years ago and the price went up, this causes people to think that it will go up only when inflation happens and drop when inflation is gone, but that is not true, we increased in 2017 and there was no inflation like this back then.

We could still grow bigger when economy is doing better as well and we should be hoping that it will happen time and time again. It is really not an easy thing to predict when it will go up, which is why many people are losing their patience while waiting, but it is clear that we managed to go up in any economic situation and we can do it again.

[ethereumhunter]

If it does happen, it will be a super discount that will not be missed by the many investors already putting a lot of money into buying bitcoins. And maybe it will also make many people panic even more than before as the price freefalls below $15k, which was already the previous low.

But hopefully, that won't happen, although I'd like to see it happen so I can get more opportunities to buy bitcoin at very low prices. And after that moment, the bitcoin price can fly very high and maybe it can reach the last ATH right away

[Aliosky]

Instead of guessing, the possibility should be carefully assessed and estimated. It is currently quite difficult for Bitcoins to go below the price level of 20 000 USD, at least temporarily. While I can't speak for the latter half of 2023, the current strength of Bitcoins suggests that price will rise. In addition, the demand for the coin affects the price. If you look at the demand right now, it is really high, which is a strong indication that the price will rise soon.

[BitDane]

The world economy has been in crisis since 2022, not just the beginning, and things are starting to recover as inflation shows signs of slowing down. The possibility of bitcoin falling again is entirely possible, but for bitcoin to drop to $12k, I don't think that will happen. I also thought bitcoin would drop to the $12k region last year with the black swan event, but that didn't happen, so it's doubtful that this will happen this year.
If bitcoin goes up or down, this year is still a good year to invest in bitcoin, as long as bitcoin hasn't hit its old ATH, there is always an investment opportunity.

I do not think that possibility of bitcoin dropping is realistic just because economy is recovering. We had inflation a few years ago and the price went up, this causes people to think that it will go up only when inflation happens and drop when inflation is gone, but that is not true, we increased in 2017 and there was no inflation like this back then.

Bitcoin market is crazy and highly volatile.  Often times the unexpected happen just like what we experienced recently.  Does anyone expect Bitcoin to rally to $23k these past days?  Or does anyone think Bitcoin will collapse to sub $15k when FTX collapse?  Bitcoin market is highly volatile, and with just a change of market sentiment, the price can crash or surge depending on the pushing factor.

We could still grow bigger when economy is doing better as well and we should be hoping that it will happen time and time again. It is really not an easy thing to predict when it will go up, which is why many people are losing their patience while waiting, but it is clear that we managed to go up in any economic situation and we can do it again.

No one can predict the future, all we can do is speculate and hope it will happen.  Though I still think that Bitcoin is still in the bearish market and this surge is a bull trap, there is no way that I imagine Bitcoin touching $12k  this 2023.