Bitcoin - how low will we go in 2023?

[Blitzboy]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

If individuals, including yourself, refrain from selling their Bitcoin holdings, it could potentially prevent further downward movement in its price. However, it is important to be aware of certain factors before investing in Bitcoin. The cryptocurrency market is highly influenced by news events, whether they are positive or negative, and these events can have a significant impact on market dynamics.

One thing you should know about the Bitcoin market is to buy your bags and hold the ones you are capable of holding, the halving is already less than a year away, you will make money out of this, and don't buy into FUD, particularly now that Bitcoin is weak on the chart from MACD view and low volume, the SEC is also attempting to fight it using Coinbase and Binance US, but we all know that Bitcoin always wins, be positive about Bitcoin.

Your insight into HODLing's sway on Bitcoin is great. Singular acts might seem insignificant, but together, they form a bulwark against bearish trends—it's 'Unity in Strength' in the financial sphere. Agreeing with you on external factors, market sentiment waltzes to the rhythm of news and regulatory developments. It's an absorbing dance of data and conjecture that we, as traders, must observe keenly.

Your bright outlook on the impending halving event is invigorating! I second your view that a savvy 'Buy and Hold' approach could be a cash cow. As for regulatory hurdles, Bitcoin is a stalwart system, designed to brave tempests. Regardless of MACD signals, I'd contend these are fleeting ripples in the broader perspective. We're strategizing for the long haul, right? As for the SEC, their bids to restrain the freedom of crypto giants like Bitcoin have merely fanned its popularity and tenacity. I foresee a radiant future for Bitcoin

[irhact]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.
I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

The market has recovered and that's why you should have the mentality to hold whenever you see a crash in the market. Don't start panicking because you'll lose when you sell. If you see a market crash just know that the market will recover again and those crash give us opportunity to buy more Bitcoin and that's what smart investors do, they buy during the crash instead of selling as most individual investing in the market do.

We have seen the lowest the price of Bitcoin will go already and that's below $20k. It won't go below that and for the rest of 2023 we'll be testing below $30k until the market goes above it and climbs to above $40k. It doesn't matter how low we go because we'll always recover.

[TheUltraElite]

Even 7 days ago, BTC lost its price and fell below $25,000. It was a good opportunity at that time and those who bought BTC are now in a good profit for the seven days gap. But BTC holders don't usually move for temporary profits. They focus on long term profit. The market is just preparing for a bullish trend so this time should be given due importance and the portfolio should be increased. This may be the highest and the last dip towards the next bullish market.

It's stuck at 30k now but this bullish move is being directed to the renewed interest in ETF and if that is the case, I hope it does not die out like what happened a few years back. The biggest factor pushing the price upward would be some big corporation mentioning it but that are cunning not to reval such facts but work in the shadows accumulating bitcoin unlike us.

What we can do is cash some profit if someone bought at the lows of this year. But if not bought previously then just wait it out before the next bull run. Obviously the bull run works if you have money at hand. Buying at the 11th hour is a bad choice.

[Issa56]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

Which other day did you bought bitcoin? Hope its not dis year, because since the beginning of this year, bitcoin price have been moving upward gradually, so i don't know the rash which you are talking about. Didn't you learn about bitcoin before investing in bitcoin? the crash happing is normal and i see no reason why you should panic, when investing in bitcoin you should be ready to hold for a long term and invest any amount you can afford to lose.  

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

If you are having the feeling that we will go low close to last year price, then its better you just sell and wait for the low before you can buy again, but don't be surprise if bitcoin did not hit the price which you wish to buy before the next bull run will start.

How is everyone else feeling?

The only thing i feel you should do is to invest for long term, don't invest any amount you will be needing soon, don't take loan to invest in bitcoin, and don't panic due to little dump in bitcoin price. Just keep on holding and with time bitcoin price is going to bounce back but nobody knows when that will happen.

[Agbe]

Bitcoin price will not go below 25k$ in this year and it will not reach the level of last year bear price. And as it is said, in this year, the price will hovering between 26-30k$. But it might pass 30k$ but it will still come back to the above rate. From January to this month Bitcoin price is not too bad. For those who bought last year 2022 when Bitcoin was 15k$ and 16k$ have already seen their gain in the market.
And also those who are buying this year will the same time see their gain next year. Therefore, buying or investing in Bitcoin now is a good investment.

[isaac_clarke22]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

Well this was posted like 2 weeks ago so I would like to ask on how are you doing right now? I was kinda not setting my bars too high when it just went past 30k, but hey 31k for a short-term gain is quite a lot already here in my country when I sell.

Get rid of that feeling, JamesDaniel90. Unless you really have the accurate graphs and data for that "lows", you're just kinda overthinking it.

~

Writing this 1 week later after your post and yeah, it was a great short-term gains. Too bad that I did not sell a bit from 31k, but hey I am a long-term hodler just keeping my ears and eyes open for any "good" predictions and good news so I wouldn't mind even if I missed out.

[Wend]

Bitcoin price will not go below 25k$ in this year and it will not reach the level of last year bear price. And as it is said, in this year, the price will hovering between 26-30k$. But it might pass 30k$ but it will still come back to the above rate. From January to this month Bitcoin price is not too bad. For those who bought last year 2022 when Bitcoin was 15k$ and 16k$ have already seen their gain in the market.
And also those who are buying this year will the same time see their gain next year. Therefore, buying or investing in Bitcoin now is a good investment.

Yes, bitcoin recovered and had positive movements in the first 6 months of the year as it went from $17k to $30k. But I want to ask, on what basis do you believe it will never drop to $25k this year? Bitcoin is trading above $30k, and we have 6 months till the end of the year, and there is no guarantee it won't drop to $25k or below $20k. It is too early to say anything about the future of bitcoin this year.

[Ale88]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

Look, if you are feeling nervous and worried about a possible 10% drop you either invested too much money or simply you can't handle the pressure. If it's the first case then you made a big mistake; if it's the second then you just need to get used to it, and think that bitcoin, during its short history, several times lost 70-80% of its value so a 10% drop is literally nothing.

[Obari]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.



How is everyone else feeling?

 The price of bitcoin is very unstable and unlike the other fiat currencies it's price can be determined by demand and supply, you shouldn't be worried or pressured about it's price cause now is the best time to buy and Hodl btc and even if there would be a drop in price from it's current price of about 30k and don't think it would go below 20- 15k  maybe 25k because we're heading to the 4th year cycle of bitcoin where it's price surges very high and there's a speculations that it would get to it's all time price of above 60k so like I said do not panic rather buy and hodl or stake btc and prepare for the 2024 bull run.
 
Most experts predictions sometimes are too good to be through and it was predicted sometime ago earlier this year that the price  of bitcoin would fall below 5k but it turned out falls because it's has surged from 25k to 30k only in the month of June and the higher the demand due to its surge could mean higher price.

[AnonBitCoiner]

Buying bitcoin when its lower in price than 30k$ is good option and as now its slightly above 30k$ so everyone can buy it because its price will be more than 30k$ so try to buy if you have patience and you can wait for rising price.

Just buying is not necessary but rules should be followed and as you are buying this time so make it sure that your decision of taking profit will not effected by price Fluctuations. In think you should buy this time and don't wait more because its not sure that it will reduces and if once it goes more higher then getting profit through investment in such  higher price will not be easy.

[imamusma]

Buying bitcoin when its lower in price than 30k$ is good option and as now its slightly above 30k$ so everyone can buy it because its price will be more than 30k$ so try to buy if you have patience and you can wait for rising price.

I think your post is hard to understand, but I know what you mean.
Buying bitcoin at lower than $30k is a very good decision, but only if you are optimistic that in the future the price of bitcoin can recover to its past ATH. Anyone who bought for less than $30k back then, they're getting a good return now because it's already over $31k.

I can't imagine how much return MicroStrategy has made on their bitcoin investments so far, but they don't seem to be content with everything they have and continue to do so on an ongoing basis. But bitcoin can be bought at any price, but if you doubt the price can fall any lower then of course you should have a good plan like DCA or something.

[darkangel11]

Im afraid there might not be chance to get low price until 2024

If the halving cycles continue to have the same impact on the prioce, 2024 will be the beginning of the FOMO phase which ends in 2025, with the ATH being more of a 2025 thing than 2024. If that happens, even if the bearish correction begins in 2025, it will take at least 6 months for the price to reach the price we see at the moment, but it will depend on the high. If we only get to 100k this cycle, it's possible we'll see 30 or even 20k in 2026, but if it goes higher, maybe to 150k or above that, the bottom of the bear market could be at 35 or 40k.

[salad daging]

Buying bitcoin at lower than $30k is a very good decision, but only if you are optimistic that in the future the price of bitcoin can recover to its past ATH. Anyone who bought for less than $30k back then, they're getting a good return now because it's already over $31k.

They buy at a price of $30K and then bitcoin recovers at the previous ATH price, so they get 2x more returns, or if bitcoin hits a new ATH price with $100K, that is my shadow, returns can be 3x more, it is even very possible because history always records that bitcoin in the end hit another high.

Because there is a lot of speculation about the future ATH price starting from 100K - 150K - 200K they can predict, we draw the most likely conclusion that bitcoin can return at a price of $ 68K then our profit from bitcoin has doubled.

I can't imagine how much return MicroStrategy has made on their bitcoin investments so far, but they don't seem to be content with everything they have and continue to do so on an ongoing basis. But bitcoin can be bought at any price, but if you doubt the price can fall any lower then of course you should have a good plan like DCA or something.

It's a company they have a lot of capital and of course they buy a lot of bitcoin, I imagine that microstrategy will get hundreds of millions of dollars in returns when the bitcoin price returns to ATH, well it's very possible they have a lot of bitcoin in their wallet.

The simple way is DCA if we can't afford it by buying a lump sum, it makes it easier to continue to accumulate at any given time, I think the DCA method is used by more people to increase their bitcoin.

[Questat]

How low? That can't be answered directly due to the nature of the market. And even if we look at the chart in the past year before halving or even the current situation, it is not enough to tell what will exactly be going to happen in the coming days. But I do believe that it won't go that low below $25k if ever there are price corrections instead, I was thinking it move high due to increasing demand as the halving get closer. I was really optimistic that this year Bitcoin will be able to touch $35k.

[Myleschetty]

How low? That can't be answered directly due to the nature of the market. And even if we look at the chart in the past year before halving or even the current situation, it is not enough to tell what will exactly be going to happen in the coming days. But I do believe that it won't go that low below $25k if ever there are price corrections instead, I was thinking it move high due to increasing demand as the halving get closer. I was really optimistic that this year Bitcoin will be able to touch $35k.

As you have said, no one can provide a direct answer if the market will continue to be resilient to bear by maintaining the $30K and there's no guarantee that the current trend of the market will last till the halving effect market which means anything can happen. Therefore, the market can still go below $25K and may not dump below $27K

[GeorgeJohn]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

When you notice since this year 2023 you will see that theirs different between bitcoin of last years and bitcoin of this year and I believe that bitcoin of this year is something see that is have a good courage in market starting from early this year, the price of bitcoin is not measurable it can rise today and weak up tomorrow, I believe that bitcoin price can move up this month and more positivity shall come, let us not be afraid of how low we shall experience bitcoin price

[carlfebz2]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

When you notice since this year 2023 you will see that theirs different between bitcoin of last years and bitcoin of this year and I believe that bitcoin of this year is something see that is have a good courage in market starting from early this year, the price of bitcoin is not measurable it can rise today and weak up tomorrow, I believe that bitcoin price can move up this month and more positivity shall come, let us not be afraid of how low we shall experience bitcoin price

Each year would really be having that different assumptions about its price and its behavior. We've seen that there are lots of happenings that we do have on this last Q2 of this year 2023 on where issues been raised

and now we are on that ETF craze and other correlated things which been driving out the price like a roller coaster. How low will we go for this year? No one knows and this is how it should be or its been like this since from the beginning because there's no way that we could be able to tell on where prices would go because we know that market is volatile and unpredictable and there are lots of factors on which it could really be able to affect the price movement.
This is why each persons strategy and analysis would really differ into each other.Some might be bearish and some might be bullish.This is why actions that had been made would really be
entirely be depending on their own choices and will in regarding on their Bitcoin investment. Everything would really be unpredictable and this is why we do end up on
speculative approach.

[Sebas.tian]

I believe the lowest price we will experience in this year 2023 is $30,000 which the price of Bitcoin has increased above the the amount, to show that bullish season is very close for both long term investors and short term investors to experience in the market. I don't think, the price we experienced last year 2022 when the price of Bitcoin was $17,000 to created more opportunities for investors to buy at the moment will still happen before the end of this year 2023, because the price of Bitcoin displayed some signs early this year by increasing high in the market. All you need to do in this season is to hold the one's you have bought last year very well because the price of Bitcoin will hit back to $40,000 before the end of this year 2023.

[barisbilgili]

I believe the lowest price we will experience in this year 2023 is $30,000 which the price of Bitcoin has increased above the the amount, to show that bullish season is very close for both long term investors and short term investors to experience in the market. I don't think, the price we experienced last year 2022 when the price of Bitcoin was $17,000 to created more opportunities for investors to buy at the moment will still happen before the end of this year 2023, because the price of Bitcoin displayed some signs early this year by increasing high in the market. All you need to do in this season is to hold the one's you have bought last year very well because the price of Bitcoin will hit back to $40,000 before the end of this year 2023.

We just got back to $30k after a correction a few weeks ago, I don't think it will last long without another correction, as we know throughout this year Bitcoin price movements occur quite quickly between price increases and corrections although not significantly .
In my opinion, in 2023 there will be no significant movement, Bitcoin price movements tend to be stable and move not far at $ 30k.

[ancafe]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

That doesn't mean keeps bitcoin forever in a downturn and if you look at it this week it's much better, so the conclusion is to stay calm regardless of whether the market reacts negatively or not.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

Sometimes we wait too long to take accumulated buys and miss the best opportunity to buy at a slightly lower price during the correction process. While the market continues to meet recovery points from the previous correction process and in the end we again miss the best opportunity to collect bitcoins at a certain moment.

How is everyone else feeling?

If you're too worried about not being able to accumulate purchases at low prices, use the DCA strategy to collect bitcoins.