Progression in price

[Dickiy]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

Of course, for every movement in the bitcoin price, there must be logical reasons to be considered in the calculation by providing a foundation and determining indication that is not only based on speculation. Isn't that calculation too fast for bitcoin to reach a price level every month this year in the future?
but only in speculation I hope that this price level this year can be achieved by bitcoin quickly so that it is most likely that our halving can touch new highs in 2024.
However, the consideration whether bitcoin will qualify to rise to a price level of $ 70k in December as the annual closing price of 2023 is the uncertain economic situation in various other parts of the world.

[AnonBitCoiner]

It can be possible but not guaranteed because the price can go more up and then come to dip in a second but As we enter the year 2023 so there occurs a greater increase in price. The price not always goes in straightforward direction sometimes all our hopes ends due to Fluctuations in value of market.

There is always a sudden move in market and one have no Idea about it but it is necessary that we should be ready for each condition and accept it. The value which you mentioned can be achieved but we don't have any knowledge about it because its not a reality its just prediction and prediction doesn't have any future it can be true and it can also be false.

[justdimin]

It can be possible but not guaranteed because the price can go more up and then come to dip in a second but As we enter the year 2023 so there occurs a greater increase in price. The price not always goes in straightforward direction sometimes all our hopes ends due to Fluctuations in value of market.

There is always a sudden move in market and one have no Idea about it but it is necessary that we should be ready for each condition and accept it. The value which you mentioned can be achieved but we don't have any knowledge about it because its not a reality its just prediction and prediction doesn't have any future it can be true and it can also be false.

Volatility is the middle name of bitcoin. I have to say that I have seen so much increases and decreases at the moment that it is not a simple thing to handle, sometimes you can do it, sometimes you will fail to do it but it is true that we should be considered as a great thing.

I do believe that we should be considering the current situation as profitable and we should be buying as much as we can, volatility could happen but it doesn't mean that it will fall down overall, it will go up. So just consider the price going up and the volatility will not be a problem, sure it can go up 5 and down 3, but that is still 2 up, consider that as your profit, so the volatility could happen and drops could happen but the overall will be higher.

[MarjorieZimmermanGinger]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

The calculation is slightly different from the conditions that occur, I mean this is not fully influenced by what you convey from several sources of ideas that you meet, 70% growth every month is too big for now and usually if it happens it is marked as a halving, so math calculations may be wrong for bitcoin growth in a few months reached 70%.

Many predictions are starting to be developed, both positive and negative in nature and in my opinion for the next few months it is still quite risky for bitcoin to touch prices further than today. The theory may change but it's the closest thing to a halving to be flagged and I don't think it's headed to that kind of price at the moment yet.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The three cities you mention are countries and perhaps the predictive ideas you see tend not to have a fundamental level to follow. Maybe for reading it's not a problem but it's not quite right to follow and you should see some other analyzes as reference material.

[Mate2237]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

But the price of last year 2022 February and this year 2023 February is not the same but there slide similarities which is the price of bitcoin for last year was on the bull stature even though it was not as full bull of 2021. Then again in 2023 February, the bull market as started again, that means there is something spectacle in the month of February in the cryptocurrency market ecosystem. The progressions have similarities but not one price.

[superman184]

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The determining factor that we can hold is the demand factor for Bitcoin every month which of course this can happen through purchasing factors, not just factors that someone says. And the expectations you'd say for $70K by the time in December are a little bit more logical, but I don't think that's going to be a bit easier this year. Because when I think about the next bullrun in Bitcoin, it always requires a greater level of demand in the current year than it has in this year.

[goaldigger]

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The determining factor that we can hold is the demand factor for Bitcoin every month which of course this can happen through purchasing factors, not just factors that someone says. And the expectations you'd say for $70K by the time in December are a little bit more logical, but I don't think that's going to be a bit easier this year. Because when I think about the next bullrun in Bitcoin, it always requires a greater level of demand in the current year than it has in this year.

Demand for Bitcoin can be more interesting this year as US Dollar slowly losing its dominant in the market and the threat of recession is still there. This could be more realistic once we are able to break the resistance this quarter, as we can see with the price its still bullish and trying to be more powerful when it comes to volume going up, $70k is still possible, let’s be more positive as we are still recovering from a big losses.

[taufik123]

Demand for Bitcoin can be more interesting this year as US Dollar slowly losing its dominant in the market and the threat of recession is still there. This could be more realistic once we are able to break the resistance this quarter, as we can see with the price its still bullish and trying to be more powerful when it comes to volume going up, $70k is still possible, let’s be more positive as we are still recovering from a big losses.

Yes, it is still very possible to reach $70k this year, but this condition depends on how market conditions and conditions for US Inflation increases are likely to continue to increase interest rates.
At the moment, banking conditions are easing so it is starting to slowly recover and the price of Bitcoin is still being held back.

I am quite optimistic that the price of Bitcoin can break the new ATH when approaching the halving, but it is still a long journey because there will be several corrections that occur.
Currently, the Bitcoin price is still stable above $30k, but it does not rule out the possibility of a correction back below the price of $29k if the Bitcoin market conditions are not good and some FUD starts to appear,

[yhiaali3]

Bitcoin rose from the bottom of 2022 by about 95% so far, also since it surpassed the most important resistance at 25,500$, in addition to the US inflation rate falling to 5% less than expectations, all of these are positive factors that suggest the continuation of Bitcoin’s rise.

But I don't expect it to reach 70k$ in September, as you say. I like this optimism, but I see that we are still kind of far from it, perhaps until the beginning of next year.

What is certain is that the rise of Bitcoin continues with some corrections, otherwise it is all just predictions.

[TravelMug]

Bitcoin rose from the bottom of 2022 by about 95% so far, also since it surpassed the most important resistance at 25,500$, in addition to the US inflation rate falling to 5% less than expectations, all of these are positive factors that suggest the continuation of Bitcoin’s rise.

But I don't expect it to reach 70k$ in September, as you say. I like this optimism, but I see that we are still kind of far from it, perhaps until the beginning of next year.

What is certain is that the rise of Bitcoin continues with some corrections, otherwise it is all just predictions.

Yes, there is no catalyst for a new all time high this year, we have to wait for the bitcoin block halving to be able to set a new all time high. Right now though, the price seems to be still going on a correction phase, I thought that everything is smooth when we go to $30k.

Maybe buyers are exhausted at this point and maybe it is deemed that we need to see a correction to $28k so that new investors can go and buy-in right now. So let's see how deep this correction is and hopefully no one will go and be nervous and just push the sell button.

[Fundamentals Of]

If it is December 2023 that you expect the price of Bitcoin to reach at least $70,000, I don't agree. It is always possible with Bitcoin of course, but I think the next halving which will be happening some time in April or May next year is the biggest catalyst for a price rally. The next halving can't be discounted. The strongest impact of the halving on Bitcoin's price will be felt several months later. So that could be in December of that year. So December of 2024, not this year, will probably give us a price of over $100,000.

[Oasisman]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

As much as everyone wants to see that kind of progression, but we all know that Bitcoin price action won't going keep progressing each and every moths passed. There should be an ups and downs in the process before we see another ATH. 2023 may not be a bullish year, but it would most likely going to see another set of bull runs in 2024 as everybody are expecting a good run pre-halving and post-halving.
Nevertheless, we have not seen Bitcoin progress like that in a span of 1 year.

[irhact]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

Adam Back's predictions are already too positive, he's predicting Bitcoin to be trading in millions in a very short time as well, he's too optimistic thinking Bitcoin price can be trading around $100k in 2023. That prices can't be achieved in 2023 but it can happen in 2025 because by then, Bitcoin halving would had happened and the fomo of not missing out would had kicked in.

Any pump happening in this year is preparing us for the halving so the pump can only take us close to the previous all time high and not exceed the previous price that much, Bitcoin pumping massively only happens after the Bitcoin halving has been completed and that's in 2025.

[cryptomaniac_xxx]

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be:  jun $48k,  sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

Adam Back's predictions are already too positive, he's predicting Bitcoin to be trading in millions in a very short time as well, he's too optimistic thinking Bitcoin price can be trading around $100k in 2023. That prices can't be achieved in 2023 but it can happen in 2025 because by then, Bitcoin halving would had happened and the fomo of not missing out would had kicked in.

Any pump happening in this year is preparing us for the halving so the pump can only take us close to the previous all time high and not exceed the previous price that much, Bitcoin pumping massively only happens after the Bitcoin halving has been completed and that's in 2025.

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

[STT]

That'd be the price only moving in one direction and thats not what a free market is doing or trying to do its really about aiming to balance out buyers and sellers and price is only derived as secondary to volume.  The price is there to achieve the highest volume really, the most agreed price between as many people possible or a smaller amount of people but with larger volume also can be the case of course.
  There has to be a time when we chalk out the previous observed price range and call that as a good guide to the future, it wont always be moving on to something new it'll just run that range in both directions for as long as need be.   The OP scenario requires great imbalance or volatility, it would reflect a problem so far as I know not a good thing ironically.

[darewaller]

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

Not all those who have a Bitcoin on them are bullish but some are bearish too. Manipulators are bearish as well if they want to dump the price but they are bullish if they want to pump the price. We started the year with an increase and it continue until this point but we must not be confident and say that this can continue till we end the year.

Remember some years we have on the past, the first half are also bullish but the second/final half are bearish but there are also years where the first half are bearish and then the other half is bullish. Many of us are now prepared next year but for those who are late, a dump is a good thing for them to stock up coins.

[tygeade]

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

I think a cool 100k would be amazing as well but we shouldn't really "expect" it, as in like we shouldn't think that's a given, because if it happens that would be lovely but if we expect it then we will feel like we earned that by waiting, and if it doesn't happen we would be super upset about it. That is why I think that it is important to focus on smaller numbers, realistic ones that would be simple to reach.

Like saying 40k is possible, of course it is possible, we all know we will get there, and to think that we would be so much happier when 100k happens because we though 40k was the possible one, is better and if it fails to be 100k, we would be just happy with above 40k price as well, much better.

[milewilda]

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

I think a cool 100k would be amazing as well but we shouldn't really "expect" it, as in like we shouldn't think that's a given, because if it happens that would be lovely but if we expect it then we will feel like we earned that by waiting, and if it doesn't happen we would be super upset about it. That is why I think that it is important to focus on smaller numbers, realistic ones that would be simple to reach.

Like saying 40k is possible, of course it is possible, we all know we will get there, and to think that we would be so much happier when 100k happens because we though 40k was the possible one, is better and if it fails to be 100k, we would be just happy with above 40k price as well, much better.

When it comes to price progression then lets expect the unexpected because this had been always this market should be on where it is really that unpredictable where price crashes and pumps could happen
along the way on which it wont really be that shocking or surprising if that a certain moment it would really be drawing neither red or green candle. What matter the most on here is that the recognition
and adoption does continue to rise all over the years or upcoming years to come. Demand would really be a crucial thing because this is where value and price would determine out.

If it is December 2023 that you expect the price of Bitcoin to reach at least $70,000, I don't agree. It is always possible with Bitcoin of course, but I think the next halving which will be happening some time in April or May next year is the biggest catalyst for a price rally. The next halving can't be discounted. The strongest impact of the halving on Bitcoin's price will be felt several months later. So that could be in December of that year. So December of 2024, not this year, will probably give us a price of over $100,000.

Q4 of this year doesnt really give out guarantees that we do see up those numbers but having the impression that in every ending month of the year would really be giving out that idea that there would be some
pumps because this is where the months which usually the price do make out some moon, not only with Bitcoin but also in other projects as well.
Demand would always matter.

[JoyMarsha]

Adam Back made fantastic price growth to think of. If this is how he perceives and anticipates the rise in the price of bitcoin, then, believe me, it will reach $200k by bull run next year(lols)

I find it amusing when people speculate about the price of bitcoin as if it were incredibly simple for it to go up without any demand or good news. Fair enough, the demand for bitcoin and any favorable or unfavorable news about it determine its price. None of his speculating prices would materialize if any of these didn't occur. As per normal, there will be a demand for bitcoin on the crypto market, and its price is expected to soar, but nobody is certain of its exact price by December. Whether it will be $70k or less.

[Rigon]

Bitcoin price cannot be predicted with the information and I don't think that Adam understands the market analysis. It is impossible for bitcoin price to get to $140k this year when we haven't experience the halving.

Right, in theory the price of Bitcoin can never be predicted. There are many people who suddenly come up with an information to go viral and many people believe it. I also do not accept the analysis that Adam has given here because it will never be correct. Earlier Bilaji Srinivasan made a bet on Bitcoin that Bitcoin would be one million dollars in three months. From here it is understood that all these people come in public to become viral. Bitcoin may hover between $40,000 and $50,000 this year. But will never stay at $140k. But our next halving is 2024, the year 2024, the Bitcoin market may be able to reach one hundred thousand dollars. Because it is the same data that emerges from every human analysis.