Bitcoin 12,000 in 2023.

[Wiwo]

I think 11-12k is still the potential bottom point. I hope so for the sake of another buying opportunity. I am worried for my hope that this gives my bias toward that bottom point! It is looking nice after these past few weeks though.

Alot of newbies are waiting for that bottom price to buy their first bitcoin, even though that looks practically impossible at this point and I am surprised to see this kind of thread at this point when bitcoin is still above 21k, and the recent drop in price is not that significant to warrant this kind of price prediction yet because 16k price is way too low to reach any time soon and it will be better we speculate a more realistic bottom price instead of chasing shadows that we may never cash.
- my prediction is that Bitcoin can not go below 20k before the end of the first quarter of the year 2023, and at that, we should expect a much higher price trend to occur anytime soon.

[serjent05]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

[Wong Gendheng]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

Right, I'm sure if there is no disaster like Luna and FTX it will be difficult to fall to $ 12k, if the market is slowing it might be below $ 20k but it won't be too far and above $ 15k, most people are waiting for a cheap price because they want to buy, But when the low price has come then they wait again until finally they never buy, they will regret missing the best time to buy.

[Ludmilla_rose1995]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

Right, I'm sure if there is no disaster like Luna and FTX it will be difficult to fall to $ 12k, if the market is slowing it might be below $ 20k but it won't be too far and above $ 15k, most people are waiting for a cheap price because they want to buy, But when the low price has come then they wait again until finally they never buy, they will regret missing the best time to buy.

I kept thinking about what could make the bitcoin price fall badly and one that crossed my mind, it's not FTX or LUNA crash but if Binance crashes lol. just imagine how big the impact of the loss will be on the crypto market if Binance gets in trouble, speculators will definitely take advantage of the moment to sell and make the bitcoin price go down to then buy it back at a lower price.

[posi]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

Right, I'm sure if there is no disaster like Luna and FTX it will be difficult to fall to $ 12k, if the market is slowing it might be below $ 20k but it won't be too far and above $ 15k, most people are waiting for a cheap price because they want to buy, But when the low price has come then they wait again until finally they never buy, they will regret missing the best time to buy.

I kept thinking about what could make the bitcoin price fall badly and one that crossed my mind, it's not FTX or LUNA crash but if Binance crashes lol. just imagine how big the impact of the loss will be on the crypto market if Binance gets in trouble, speculators will definitely take advantage of the moment to sell and make the bitcoin price go down to then buy it back at a lower price.

It can still happen but don't expect it to happen because then I think the bottom is not $12k but maybe $5k or less. Binance is taking over 70% of the trading volume in the market and if something bad happens, I think the market will take years to recover and grow again. I'm not saying Binance will never crash, but thinking it will collapse in the near future is unlikely. They are still doing very well and dominating the market, CZ is not foolish to overthrow the empire he is trying to expand.

[DOH!]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

Totally agree.  bitcoin has gone through a bull cycle, and more than 14 months since the market entered a bear market… $15k pullback could be said to be a lot of support… However, the worst case at $12k is  a low odds of that happening, unless there is any overall effect that market makers will dig deep slaughterhouses and liquidate with leverage.  I believe the period when we sideway in February and hold the 2xk threshold is a fruit of bitcoin after accelerating in January. It is a natural condition.

[ilovealtcoins]

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.

I also don't think bitcoin will drop below 20k in this correction, what is happening in the market is quite positive and I believe bitcoin will continue to rise in the coming days. The target for this rally will be 30k-35k, after which we will have another correction. This year will be the year bitcoin recovers and the market prepares for the bull year 2024.

[Emitdama]

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.

I also don't think bitcoin will drop below 20k in this correction, what is happening in the market is quite positive and I believe bitcoin will continue to rise in the coming days. The target for this rally will be 30k-35k, after which we will have another correction. This year will be the year bitcoin recovers and the market prepares for the bull year 2024.

For now yes because we see it hanging in $21k but sometimes it will just happen in a blink of an eye. Remember last time we are also sitting strongly on $20k and many people are saying that there is no bottom anymore but BTC proved them wrong because one day the price just plummets and slowly goes down to $19k, $18k, $17k, till it gets to $15k. Luckily it stayed there.

Now, if we can't get out on $21k and another correction will happen then I won't be surprised if we will be at $20k or below it. For now the target of the people is $25k. If it hits then that will be the time to assume for $30k's but that was a good opening no doubt for the bull season.

[fzkto]

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.

I also don't think bitcoin will drop below 20k in this correction, what is happening in the market is quite positive and I believe bitcoin will continue to rise in the coming days. The target for this rally will be 30k-35k, after which we will have another correction. This year will be the year bitcoin recovers and the market prepares for the bull year 2024.

For now yes because we see it hanging in $21k but sometimes it will just happen in a blink of an eye. Remember last time we are also sitting strongly on $20k and many people are saying that there is no bottom anymore but BTC proved them wrong because one day the price just plummets and slowly goes down to $19k, $18k, $17k, till it gets to $15k. Luckily it stayed there.

Now, if we can't get out on $21k and another correction will happen then I won't be surprised if we will be at $20k or below it. For now the target of the people is $25k. If it hits then that will be the time to assume for $30k's but that was a good opening no doubt for the bull season.

I don't think the same scenario will happen anymore. Last time bitcoin fell below 20k, FTX collapsed. I don't know what needs to happen for bitcoin to fall that fast again. My point is that 15k is unlikely to happen again. Maybe 19k, but most likely the bear market is coming to an end and the bottom was already reached last year. If you look at the chart, bitcoin has been rising for almost three months now, so a correction was needed.

[GeorgeJohn]

I think 11-12k is still the potential bottom point. I hope so for the sake of another buying opportunity. I am worried for my hope that this gives my bias toward that bottom point! It is looking nice after this past few weeks though.

Let me make my point do to my observation in cryptocurrency and i believe that the market is fluctuating and it never come to conclusion to say Bitcoin is going low or high, the market is moving up and also moving low, but i believe that whoever that wants to purchase Bitcoin should not hesitate to purchase for long term investment, and never have in mind that Bitcoin will go down more than the stage it find itself. So Bitcoin price or increment have no particular time it get accelerated, because the price is not measurable.

[_BlackStar]

Let me make my point do to my observation in cryptocurrency and i believe that the market is fluctuating and it never come to conclusion to say Bitcoin is going low or high, the market is moving up and also moving low, but i believe that whoever that wants to purchase Bitcoin should not hesitate to purchase for long term investment, and never have in mind that Bitcoin will go down more than the stage it find itself. So Bitcoin price or increment have no particular time it get accelerated, because the price is not measurable.

I've heard in several places that the price won't go below $20K, while it's always possible.
It's hard to predict what the future holds for bitcoin in terms of price, but following the positive trend early in the year, I can expect days to get better for a negative market recovery in 2022.

When someone has doubts, then I think they can consider DCA for their investment needs. Price fluctuations keep going, it never stops but $12K is getting harder and harder to come true as long as no big crashes hit the bitcoin market. We are getting closer to the halving, which means it is more likely to expect $20K to be even stronger for support.

[Baofeng]

Let me make my point do to my observation in cryptocurrency and i believe that the market is fluctuating and it never come to conclusion to say Bitcoin is going low or high, the market is moving up and also moving low, but i believe that whoever that wants to purchase Bitcoin should not hesitate to purchase for long term investment, and never have in mind that Bitcoin will go down more than the stage it find itself. So Bitcoin price or increment have no particular time it get accelerated, because the price is not measurable.

I've heard in several places that the price won't go below $20K, while it's always possible.
It's hard to predict what the future holds for bitcoin in terms of price, but following the positive trend early in the year, I can expect days to get better for a negative market recovery in 2022.

When someone has doubts, then I think they can consider DCA for their investment needs. Price fluctuations keep going, it never stops but $12K is getting harder and harder to come true as long as no big crashes hit the bitcoin market. We are getting closer to the halving, which means it is more likely to expect $20K to be even stronger for support.

It's hard to predict because there are unknown events that can happen in the future. Black swan like Terra in the beginning, we are affected and price went to lower lows of $17,500 and we say that it won't go down again. And then we have the FTX collapse, again, deep impact to the bitcoin market, another lower low for this year at $15,500.

So the same this year, we have a good run last month, 40%++ pushing the price almost $25k. Then we have a minor correction -6% to $21,500. That's how unpredictable the market is, and if by chance there is a incoming black swan again, maybe we will see and touch another lowest low.

[Wiwo]

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

This can be viewed in both ways because even as the is the possibility of bitcoin pulling below the 20k benchmark, we should also know that Bitcoin can also never go down to that price again before touching the next ATH price.
-  Since bitcoin is a volatile asset, it becomes impossible to predict what will happen I'm the future or what direction bitcoin price will go.
-There is no doubt the fact that bitcoin has been hovering around a 21700+ price for a while now and it possibility of passing that price is being contended with by a heavy pull back, it is now left for speculators to keep speculating and funds will continue to do their thing in trying to create panic in the system.
-But I am sure, no matter what happens in inflation and the hike in the price of basic commodities, bitcoin will only become more expensive as time goes on.

[Minecache]

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.

I also don't think bitcoin will drop below 20k in this correction, what is happening in the market is quite positive and I believe bitcoin will continue to rise in the coming days. The target for this rally will be 30k-35k, after which we will have another correction. This year will be the year bitcoin recovers and the market prepares for the bull year 2024.

For now yes because we see it hanging in $21k but sometimes it will just happen in a blink of an eye. Remember last time we are also sitting strongly on $20k and many people are saying that there is no bottom anymore but BTC proved them wrong because one day the price just plummets and slowly goes down to $19k, $18k, $17k, till it gets to $15k. Luckily it stayed there.

Now, if we can't get out on $21k and another correction will happen then I won't be surprised if we will be at $20k or below it. For now the target of the people is $25k. If it hits then that will be the time to assume for $30k's but that was a good opening no doubt for the bull season.

I still remember what happened in 2022, when people started to believe that bitcoin couldn't fall anymore, 20k was the bottom, then 18k was the bottom, and bitcoin always moved against the crowd. Similarly, this time I also see people being very optimistic that bitcoin can't fall anymore, which makes me start to worry bitcoin will do the opposite. It's like someone is manipulating the market and watching our thoughts.
I also hope bitcoin will not drop below 19k but watch out for that, there are always surprises in the market.

[KingsDen]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

I know too well that whatever goes up must surely come down but in the case of Bitcoin when it is coming down I did not expect it to reach to the level of $12000. Bitcoin may decide to form a strong support sound where 18000 dollars .
From January 2023 there was a good sign that bitcoin will enter into the bull.
So, it therefore will be hard for bitcoin to fall back to $12k. Unless there's a big impact in the cryptocurrency industry such as the situation of  FTX and Luna etc.

[Dickiy]

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

The news might be an indicator of a decline for bitcoin and in that phase a decline will occur in the crypto market, the issues circulating give bad sentiment to bitcoin maybe we can see that some times bitcoin wants to reach 200WMA but always fails it seems we have to go through another decline to some time in 2023 pivots often take a hit to the market but isn't that a natural thing and it's good news because we can buy more bitcoins when the downturn happens the occasion when bitcoin went down to $15k in the last year a lot of people passed it and finally bitcoin rebounded again in January 2023 then if there is another drop to the price range of $ 12-$ 18k maybe I personally will not pass it.

[Wiwo]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

I know too well that whatever goes up must surely come down but in the case of Bitcoin when it is coming down I did not expect it to reach to the level of $12000. Bitcoin may decide to form a strong support sound where 18000 dollars.
From January 2023 there was a good sign that bitcoin will enter into the bull.
So, it, therefore will be hard for bitcoin to fall back to $12k. Unless there's a big impact in the cryptocurrency industry such as the situation of  FTX and Luna etc.

Mate,  I don't think we will be seeing such a dive down in price from Bitcoin this time, since the market is not suffering from any bad new that could force a drastic pull down to that price and $12,000 is quite a ridiculous price for Bitcoin at that moment since the price of bitcoin is struggling to recover above 21k which is a rebound price that Bitcoin will have to sustain in the next couple of days and weeks ahead.
-even though we can not predict the direction bitcoin will go in price,  but if we check and analyze current charts and statistics,  Bitcoin will continue to revive in price and possibly increase to stable above $23k in the coming weeks.

[Franctoshi]

As an investor or trader you have to be flexible with market expectation, that's changing your view with the changing market situation , seeing what Bitcoin has done (performance) of Bitcoin in the beginning of the year, precisely January, the possibility of Bitcoin going to $12k is low now as compared during and after FTX collapse.

Rate hikes has been reduced to 25bps as compared to 75bps rate hikes last year, too last unemployment data report that came out recently dropped to 3.4% lowest since 1969. Therefore ,when you compare the fundamentals and the Technical Analysis together , it will give you a hint to what Bitcoin might do next. However Bitcoin will always do what it tends to do at any given time regardless of any current market situation.

[goldkingcoiner]

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

I think if you're looking for the bottom, you should zoom out the chart to the monthly and see that we already are at the bottom. Hoping for a second bottom and holding on to your fiat until then might prove to be a mistake you will regret in the long run.

If you are still unsure, why not just Dollar Cost Average? DCA in other words is to divide your money and use part of it to buy now and part of it to buy later. You average out the price at which you bought so if BTC goes up at least you will have not missed out on all the profit. And if it goes down again then you will have some money to buy more BTC at a cheaper price. Its about dividing the risk/reward.

[GeorgeJohn]

With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023.  Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.

You know this has been a strategies buyers normally do in other to get advantages of the market, so it's very obvious that the market can get accelerated within some interval and also depreciates in value depending the gravitational turn up of the demands.but from my point of view i have never come to conclusion that Bitcoin will experience alll through out this year 2023 a bullish market. So theirs every tendency that the market can be crash or get more bond.