How high will Bitcoin rise, or fall, in 2023?

[cryptomaniac_xxx]

A recession is coming

Bitcoin is supposed to be deflationary, but it hasn’t acted like a deflationary asset. As interest rates rise, almost all assets of value fall.

It turns out that Bitcoin is a store of value. So what does that mean? It means that investors have poured into BTC as a way to create a backstop should the stock market, real estate market, and other markets fall.

If a recession is coming, and it appears it is on the horizon, Bitcoin’s price could fall because investors will turn BTC into cash to pay debt.

We have been in the recession since the start of the War between Russia and Ukraine. Yes, being should be a deflationary asset, but I think it is still acting that way. Investors are putting their money on it as a hedge. However, we also have to look at bitcoin's cycle, we are still in the bearish trend, so obviously we won't see the price going up. We need more than, and wait for the catalyst which is the bitcoin bull run next year.

2. The Biden Administration isn’t a fan

President Biden and Treasury Secretary Yellen are exploring the idea of a digital currency that the U.S. Government controls.

It might hurt them in the end, at the back, there are nations who are already against dollar, President of Kenya, Urges African Nations to Dump the US Dollar for Intracontinental Trade. So the people in the Capitol should do a better job right now, they are putting a message here, anti-crypto and I doubt that in the coming elections in the US that the Democrats can win and continue their power.

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[Ngemmeng]

The cryptocurrency market has seen instances of government intervention and regulatory measures that can impact short-term price movements. However, Bitcoin's value proposition lies in its decentralized and borderless nature, making it attractive to individuals looking for an alternative form of currency and a store of value. treat. Therefore, the future price of Bitcoin is uncertain and depends on many different factors. Remember that investing in cryptocurrencies can be very volatile and speculative.

I think most of the people who come here are for investment purposes, not looking for alternative currencies. I agree with you that the future price of bitcoin is uncertain, but in fact people who say it also come for investment. meaning that if bitcoin has given evidence to everyone that over time bitcoin has become increasingly popular and its wider adoption has made bitcoin the best digital investment vehicle today.

[Fundamentals Of]

The elections will be held a few months from now. Biden might lose. A possibility as simple as this would bring so much change in the playing field. It could mean a lot. For example it could mean Gensler will be replaced in the SEC. So it isn't really a big factor that the Biden administration isn't a fan. Bitcoin is actually growing in the US under his watch.

I think the worst that could happen to the price is that it will fall all the way to $20,000. At best, I think it is possible for Bitcoin to reach $40,000 in the last quarter of the year.

Many crypto enthusiasts are rooting for Biden to lose the upcoming US election. Let the presidential candidate who values cryptocurrency win.

Despite the SEC's warning against cryptocurrencies, bitcoin has been trading at a stable price of $25k-$28k+ for the past few months, perhaps 2-3 months. It hasn't moved above or below this level, and it hasn't yet dropped under $20k. Since we have already completed half of the year and have two more quarters left, it will be a wonderful sensation if bitcoin soars to the price of $40k before the end of the year.

The problem is that Bitcoin supporters are probably not solid because there's more than one candidate who supports Bitcoin. Aside from Robert Kennedy Jr., there is also Mayor Suarez of Miami, Governor Ron DeSantis of Florida, and even the young Ramaswamy. Although even if there's only one candidate who supports Bitcoin, I doubt Bitcoin supporters would immediately rally behind him. There must be other criteria to consider.

Bitcoin's hold on $25,000 is fast losing strength. The price will probably fall below $25,000 soon. I just hope $20,000 is the bottom within the year.

[reagansimms]

How high will Bitcoin rise, or fall, in 2023?

No one is able to predict with certainty the price movement of Bitcoin in the future, the ongoing turmoil in the Bitcoin market makes it impossible for anyone to guarantee the accuracy of a prediction with certainty. The threat of a recession that is already in front of my eyes will not affect me, before that I have managed to overcome several threats that make the world economy collapse like Covid 19. I don't want to worry that the price of Bitcoin will go up or down at the end of the year, as long as it's still favorable, I will continue to hold Bitcoin until the Bull Run returns.
Expecting Bitcoin to break through higher resistance is a dream that Investors want to achieve at least for now, then why Investors have to convert BTC into cash to pay debts, is there no other more effective way?

[doomloop]

I can expect $45k to be the high in 2023, while $20k to be the low.

There is also a possibility that the Bitcoin price will increase towards the end of this year. Everyone knows that there will be a halving and all predictions are that the price will increase. Why wait for 2024 when there are such predictions? I think so too, and I think it would be good to act early. That's why I'm making small purchases now rather than waiting for 2024. When the 2024 halving arrives, we may regret not buying at the current price.

Well, doing DCA is always a good strategy when the market is down or is going down day by day, if one has enough funds at hand, they should keep buying at intervals and keep holding until the price reaches around its previous all-time high or reaches the target one has set in their mind for selling their Bitcoins, once that target is hit, they should go ahead and sell them and enjoy the profits.

I agree with you that one shouldn't wait for the perfect time to buy because it is not possible to perfectly time the market for everyone even the ones who are big experts and claim to know almost every move of the market, even their predictions fail sometimes.

[Davian144]

I think most of the people who come here are for investment purposes, not looking for alternative currencies. I agree with you that the future price of bitcoin is uncertain, but in fact people who say it also come for investment. meaning that if bitcoin has given evidence to everyone that over time bitcoin has become increasingly popular and its wider adoption has made bitcoin the best digital investment vehicle today.

If you think like that, then I would think the opposite of what you are saying. Indeed, Bitcoin has become a fairly good investment vehicle with its popularity which is not at all doubted by many people, moreover they have also seen how the adoption of Bitcoin continues to grow in several countries in the world today. But alternative creators are also very numerous now and some alternatives are also not bad to have for everyone although the first investment option should also be considered in Bitcoin.

Because Bitcoin has become an investment asset that is more suitable for the long term, apart from that Bitcoin must also be placed in the first choice in terms of trading because there are many people who can still benefit from it until now. And for further choices such as alternative coins, they are only more suitable for short-term investments. So not everyone who comes here is for investment, but there are many other things that everyone can do apart from just investing and one of them is promoting the products they have developed so far although the success rate is still unknown.

[taufik123]

-snip-
I agree with you that one shouldn't wait for the perfect time to buy because it is not possible to perfectly time the market for everyone even the ones who are big experts and claim to know almost every move of the market, even their predictions fail sometimes.

But just look at where the strongest support is trying to break. Buying near the strongest support is best.
Doing DCA is not just buying every time it goes down but there is some analysis that must be done.

Predictions will not always be correct, there will be mistakes because the market is unstable and many good and bad news appear suddenly.

If you think like that, then I would think the opposite of what you are saying. Indeed, Bitcoin has become a fairly good investment vehicle with its popularity which is not at all doubted by many people, moreover they have also seen how the adoption of Bitcoin continues to grow in several countries in the world today. But alternative creators are also very numerous now and some alternatives are also not bad to have for everyone although the first investment option should also be considered in Bitcoin.
-snip-

Some Altcoin alternatives are not bad, such as ETH which will be a pretty good investment alternative because it has developments that always follow Bitcoin.
The main investment, bitcoin, also needs to be supported by diversifying into promising assets in the future.

[beerlover]

If you think like that, then I would think the opposite of what you are saying. Indeed, Bitcoin has become a fairly good investment vehicle with its popularity which is not at all doubted by many people, moreover they have also seen how the adoption of Bitcoin continues to grow in several countries in the world today. But alternative creators are also very numerous now and some alternatives are also not bad to have for everyone although the first investment option should also be considered in Bitcoin.

Because Bitcoin has become an investment asset that is more suitable for the long term, apart from that Bitcoin must also be placed in the first choice in terms of trading because there are many people who can still benefit from it until now. And for further choices such as alternative coins, they are only more suitable for short-term investments. So not everyone who comes here is for investment, but there are many other things that everyone can do apart from just investing and one of them is promoting the products they have developed so far although the success rate is still unknown.

I think it is obvious that bitcoin is a long term one and not too many people realize this quickly, they lose years trying to get rich quick and they end up realizing they can't do that and they have to keep on working towards long term holding in order to make it work then it would be even more amazing. I think people are getting closer to that during bear markets, they realize that they need to hold and they can't just get rich overnight, but during bull markets there are very few rare cases where people actually do get rich, they buy something very early on and it goes up super high and they get rich, so they keep thinking that they can do it.

There were a few projects my friends were interested in and that mattered, like Avax, one of my friends got into it probably as one of the first ever people to do so, and it went up, so they he got richer. Hence bull makes them think this is common and possible.

[Yatsan]

If you think like that, then I would think the opposite of what you are saying. Indeed, Bitcoin has become a fairly good investment vehicle with its popularity which is not at all doubted by many people, moreover they have also seen how the adoption of Bitcoin continues to grow in several countries in the world today. But alternative creators are also very numerous now and some alternatives are also not bad to have for everyone although the first investment option should also be considered in Bitcoin.

Because Bitcoin has become an investment asset that is more suitable for the long term, apart from that Bitcoin must also be placed in the first choice in terms of trading because there are many people who can still benefit from it until now. And for further choices such as alternative coins, they are only more suitable for short-term investments. So not everyone who comes here is for investment, but there are many other things that everyone can do apart from just investing and one of them is promoting the products they have developed so far although the success rate is still unknown.

I think it is obvious that bitcoin is a long term one and not too many people realize this quickly, they lose years trying to get rich quick and they end up realizing they can't do that and they have to keep on working towards long term holding in order to make it work then it would be even more amazing. I think people are getting closer to that during bear markets, they realize that they need to hold and they can't just get rich overnight, but during bull markets there are very few rare cases where people actually do get rich, they buy something very early on and it goes up super high and they get rich, so they keep thinking that they can do it.

There were a few projects my friends were interested in and that mattered, like Avax, one of my friends got into it probably as one of the first ever people to do so, and it went up, so they he got richer. Hence bull makes them think this is common and possible.

I agree with the misconception caused by impressions created towards this industry. Rewards won't come in an instant. If you're into long term holding, you're more likely to survive ups and downs in the market than short term investors who are often the victim of wrong DCAs and price actions. Market moves in a very unpredictable way. Sometimes it would be better to ignore every changes in the price 'coz in the long run, its market value is continuously increasing in an inconsistent way. Altcoins are the tokens which are better for short term runs, problem is picking the right one given how huge the number is, for altcoins.

How high will the market price be? As we all know it is hard to determine. Even if there's an estimated bullrun next year, no one can accurately tell how will the price would really be unless it already happens.

[_BlackStar]

How high will the market price be? As we all know it is hard to determine. Even if there's an estimated bullrun next year, no one can accurately tell how will the price would really be unless it already happens.

We may be able to predict the closest price - but not about the exact price. My guess is $42K is the highest price bitcoin could possibly reach in 2023 - and the lowest is $20K. This guess is based on current fundamentals about bitcoin - but if that scenario fails then of course $40k will never be reached in 2023.

No prediction can be made with 100% accuracy - but some analyzes sometimes come close to this price.

[GeorgeJohn]

Bitcoin increment doesn't have any direction or any durability, you can't predict accurately the high bitcoin can possess seasonal, because I know quite well that bitcoin fluctuates in price and whosoever who is predicting a particular amount in bitcoin that bitcoin will get to, I believe that the person wants to put some people or deserve them, you can count the miles of bitcoin increment because it can fall in the morning and rise in the evening, in summary bitcoin price is unprecedented

[Oilacris]

Bitcoin increment doesn't have any direction or any durability, you can't predict accurately the high bitcoin can possess seasonal, because I know quite well that bitcoin fluctuates in price and whosoever who is predicting a particular amount in bitcoin that bitcoin will get to, I believe that the person wants to put some people or deserve them, you can count the miles of bitcoin increment because it can fall in the morning and rise in the evening, in summary bitcoin price is unprecedented

We can always be having that technical analysis approach
We can always be having that fundamental analysis approach

But still there's no way that we can precisely tell on where it would be going and this is something that cant really be predictable and its always been like that.
For this year 2023? Lots had been anticipating that we might be seeing breaking 30k and reaching 40k which we cant really be able to tell.
Observing out about on how it do moves for this mid-year already then we can assume out that it wont really be that its really that too stressful
when you do always keep on minding about its potential price point on a certain duration. Why not really just that go with the flow instead?

[STT]

You have your rough range already lined out for you already, this is it boring as that might be.    Its called consolidation in that the vast majority of the markets energy and efforts in trading every day goes towards reinforcing pricing.  It is ultimately bullish to hold a range of prices in a stable pattern and we will break out, its been seen before and here we are again.  BTC doesnt always have to trend up or down, sometimes it will frustrate both sides of the order book.

[gunhell16]

According to my analysis, the lowest value Bitcoin can reach this year of 2023 is between 19k$-20k$ and the highest it can reach before the end of this year is between 40k$- 50k$.

This is based on my technical analysis of the trading view that I have seen and observed in which direction it will go. But of course, that still depends on what happens in the news regarding Bitcoin or cryptocurrency. It may not be certain but it could be possible to happen.

[GreatArkansas]

(....)
Bitcoin is supposed to be deflationary, but it hasn’t acted like a deflationary asset. As interest rates rise, almost all assets of value fall.

OP is right, Bitcoin is supposed to be a deflationary asset but when it is most needed, it's different from what we expected.
By Bitcoin is being this, it's just showing that there will be a lot of unexpected to happen on Bitcoin.
There are a few reasons why Bitcoin hasn't acted like a deflationary asset, it could because there are still very few people know what Bitcoin is or it is not yet widely accepted as form of payment.

[YUriy1991]

A recession is coming

Bitcoin is supposed to be deflationary, but it hasn’t acted like a deflationary asset. As interest rates rise, almost all assets of value fall.

It turns out that Bitcoin is a store of value. So what does that mean? It means that investors have poured into BTC as a way to create a backstop should the stock market, real estate market, and other markets fall.

If a recession is coming, and it appears it is on the horizon, Bitcoin’s price could fall because investors will turn BTC into cash to pay debt.

What I think now is BTC is a Safe-Haven Asset, My reasoning is during times of economic uncertainty or recession, Bitcoin has shown the characteristics of a safe-haven asset. Some investors view Bitcoin as a hedge against traditional financial markets and fiat currencies, seeing it as a store of value that can preserve wealth amidst economic turbulence. As a result, an increase in the demand for Bitcoin during a recession has the potential to push its price higher rather than causing a significant drop.

BTC price movements may become less correlated with traditional assets but if you take a deeper look at the birth of the rising market Maturity means the increased presence of institutional investors could contribute to Bitcoin's ability to set itself apart from broader market trends, potentially mitigating the impact of a recession on price. . If confidence in Bitcoin's potential as a digital store of value remains strong, it could offset short-term selling pressures and reduce downside rates, thereby increasing confidence in Bitcoin and potentially contributing to its price appreciation, even during a recession.

2. The Biden Administration isn’t a fan

President Biden and Treasury Secretary Yellen are exploring the idea of a digital currency that the U.S. Government controls.

A U.S. digital currency would hinder Bitcoin’s price because the government could decide to temper enthusiasm regarding the world’s first cryptocurrency.

Take a look in terms of Use Cases. I think the introduction of a US government controlled digital currency does not necessarily mean direct competition or a headwind on the price of Bitcoin. Cryptocurrencies can coexist and serve different purposes. While government digital currencies may focus on providing a centralized, regulated form of digital payment, Bitcoin's value proposition lies in its decentralized nature, scarcity, and potential as a store of value in the end. These unique characteristics can continue to attract investors and users, regardless of the digital currency. government led.

Concrete examples The recognition and acceptance of Bitcoin as a legitimate asset class by large financial institutions, corporations and even governments (such as El Salvador which adopted Bitcoin as legal tender) demonstrates increasing acceptance and understanding of its potential value, regardless of the digital currency it controls government.

[laurenB7742]

(....)
Bitcoin is supposed to be deflationary, but it hasn’t acted like a deflationary asset. As interest rates rise, almost all assets of value fall.

OP is right, Bitcoin is supposed to be a deflationary asset but when it is most needed, it's different from what we expected.
By Bitcoin is being this, it's just showing that there will be a lot of unexpected to happen on Bitcoin.
There are a few reasons why Bitcoin hasn't acted like a deflationary asset, it could because there are still very few people know what Bitcoin is or it is not yet widely accepted as form of payment.

Undeniably, bitcoin did not work effectively as an inflation hedge in 2022. But if you invested in bitcoin years ago when it was below $10k, even if it dropped to $15k last year, it still makes a profit for you. That means it still plays a deflationary role in the long run, but it doesn't in the short and medium term.
But with that volatility, if someone takes advantage of it, they are already very profitable, if someone bought bitcoin for $15k last year, they are also making a profit x2 from the current price.

[michellee]

We will never know what the next Bitcoin low or high will be. But we don't need to panic if the price drops below $20k again, which I think could happen again if there is pressure from many parties who release a lot of negative news about the world. It can make people panic and they will save their money from all kinds of investments.

But I don't think the US currency can hamper Bitcoin, meaning it might be for a while but won't be forever. But we don't have to think about it too seriously and it's better to prepare ourselves for whatever is coming so we can be ready.

And if the Bitcoin price drops again and inflation increases, we can adapt to the situation and survive. And when the price of Bitcoin decreases, we are given the opportunity to buy so we have to use it well.

[Baofeng]

We will never know what the next Bitcoin low or high will be. But we don't need to panic if the price drops below $20k again, which I think could happen again if there is pressure from many parties who release a lot of negative news about the world. It can make people panic and they will save their money from all kinds of investments.

But I don't think the US currency can hamper Bitcoin, meaning it might be for a while but won't be forever. But we don't have to think about it too seriously and it's better to prepare ourselves for whatever is coming so we can be ready.

And if the Bitcoin price drops again and inflation increases, we can adapt to the situation and survive. And when the price of Bitcoin decreases, we are given the opportunity to buy so we have to use it well.

And just like that, we have a huge jump in the last 24 hours, price hitting $28k already so that is a good sign already. Maybe this is the break out run that we all have been waiting for, or maybe another form of manipulation?

Still Bitcoin could be a good hedge for inflation for us, and I think investors do think that way. sooner or later Bitcoin will proved itself again when the price goes up next year after the block halving.

[MiF]

No one knows the exact price or how far the price will rise this year,we still on dip but there is still a big chances of rising in the next couple of months i think bitcoin will reach 50 to 60k$ before year end this was my own thoughts. There is no accurate prediction but based on my observation price is slowly rising this time and if this rising continue we will be having a new ATH few months from now.