Bitcoin - how low will we go in 2023?

[romero121]

The best practice is to take a break whenever you feel and convinced that the price of Bitcoin will go more deeper,  no one knows how far this current correction will go but at the same time, long-term holders will have the upper hand at the end of the day,  so instead of selling at the low price it better to keep holding while limiting your buy in order in other to prevent further losses if the market continues in the declining condition.

So there is no need to panic,  rather it is time to hold back and watch for the next possible action that the market is going to take.

None is sure about the price drop. Whenever such scenario arises it is good to take break or it is better to stay on the safer side. According to experts, every drop in price need to be considered as an opportunity. In such thoughts it is good to go with DCA whenever you prefer making an investment into bitcoin. The market correction have taken place reaching around $25k and slowly it have started to grow slowly. Maybe for some time period it can move within $27k.

[nlevenov]

It's easy to say that we expect a crash or pump in certain months and claim ourselves, as good predictors of bitcoin price if bitcoin goes as per our plan. I would rather like to know on what basis one can say that these months will be bad for Bitcoin???

I think it is just our gut feeling and nothing else. No one can predict the price of Bitcoin in the next few months. Yes, we can tell something on the basis of technical analysis but that is nothing to be grantee, and it's only a game of probabilities.

What is wrong with technical analysis? At the end of the day, most of the investing and trading principles are laying on it. Yes, the price is going to drop in the next month or two. I have my buy orders set, so we will see. I am not trying to prove anything, just sharing my prognosis.
*It is not financial advice.

[peter0425]

Now it goes down badly to 25k and still going low and this is how market shows now https://coinmarketcap.com/currencies/bitcoin/
bitcoin may go low to 20k (it is frustrating but how the market is going now? then it is badly coming)
lets hope and pray that the value will stay positive at least in the last quarter .
2023 is really a volatile year as we are approaching halving season next year.  

[shivansps]

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 we knew how deep it would fall and when it would start to rise
I don't know whether to wait for the lowest point, because no one knows what it will be. You can use the DCA method to minimize the risks.
We need to understand one thing, that always when we buy we think that this is the lowest price, but it always happens and we must be prepared for this and not make a tragedy out of it. And the fact that the price continued to fall after your purchase is not the end of the world. Everything will be fine, you bought at a great price, there is no reason to worry.
It is very good that you wrote this message here and did not begin to worry inside yourself and make mistakes.

[Lucius]

The price has fallen in the last few days and it did not look good, but currently it is going up again and I think there is a reason for that. The world biggest Assetmanager will submit an application for a BTC-ETF. I mean BlackRock. And I know BlackRock holds a big stake in MircoStrategy.
~snip~

I read that news in WO yesterday and I have to admit that it could be considered a positive sign, because today it was confirmed that an application has been submitted for a spot ETF, and we know that such an ETF has not yet been approved in the US. However, as I already wrote in the WO post, the SEC can extend the decision up to 240 days (if something has not changed in this regard), but if BlackRock succeeds, then it would be great news, after which the halving would follow.

It seems to me that it would be an explosive combination, which means a more than clear sign for a new big BTC pump.

[Stable090]

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.

You shouldn’t give up, the current crash happening is just temporary and with time bitcoin will bounce back, you can’t just buy bitcoin and you expect to be in profit immediately, bitcoin might drop below the amount which you purchase it but you just have to be patient, maybe you haven’t experienced something like this before, but the person that introduced you to bitcoin investment is suppose to have taught you about this already.

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?

Don’t be surprise few years ago lots of people took a break and they missed the bull run, if you won’t be using the money that you invested, then you can just leave the money their and ignore all the market manipulation. It’s always advised you invest any amount you won’t be using in short period of time in because of situations like this. Nobody knows how low or high bitcoin is going to go, nobody knows when the bear or the bull run will start, so just do your analysis and if you think it’s the best time to buy then just buy.

[TheUltraElite]

What is wrong with technical analysis? At the end of the day, most of the investing and trading principles are laying on it. Yes, the price is going to drop in the next month or two. I have my buy orders set, so we will see. I am not trying to prove anything, just sharing my prognosis.
*It is not financial advice.

Technical analysis is right only 50% of cases. You can use that to make a prediction but not use that as the cornerstone of decision making to buy or sell. We can use your own intuition to do better than that. Most of us should focus on just buying low and continue to do so because the market is not going for a bull shift anytime soon.

Keep buy orders set and keep patience. We have to trade over long term to realise the maximum profit of Bitcoin trades.

[MusaMohamed]

Technical analysis is right only 50% of cases. You can use that to make a prediction but not use that as the cornerstone of decision making to buy or sell.

If technical analysis only gives 50% to be right, I won't believe in such analysis, which I did not.

Without technical analyses, I can choose one and get 50% to be right and rest 50% to be wrong. I don't need fortune tellers and their technical analyses to make decisions.

I agree with you that technical analyses are for greed traders and gamblers who need to have something technical to believe in.

We can use your own intuition to do better than that. Most of us should focus on just buying low and continue to do so because the market is not going for a bull shift anytime soon.

Keep buy orders set and keep patience. We have to trade over long term to realise the maximum profit of Bitcoin trades.

Investment. Buy low. Hold strong. Don't give up your belief and your plan.

I don't need fortune tellers and technical analyses because I knew about Bitcoin block halving and its controlled supply.

[Nrcewker]

I guess Bitcoins won’t fall below 23,000 USD. The reason is pretty simple: when the price goes down,people will buy it again. Hence, as they start buying, the price will automatically go up due to the increase in demand among the people to acquire the bitcoins. So yes, I am not expecting bitcoin to fall very low, but yes, some price fluctuations can be seen. I would advise all to not panic so much and buy as many bitcoins as you can at this low price. We might see some positive news at the end of September.

[Z390]

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?

What you are trying to do doesn't make any sense, you are simply trying to find the perfect bottom to keep buying bitcoin and I wish you the best of luck with that, things doesn't work that way in the crypto space that is why you need to keep investing even when you are uncertain if the price will go lower or not, there are some people in the past that have missed the bottom because they are believing that bitcoin will go lower just because it did the same thing in the past bear market, things always doesn't work out like that in Bitcoin investment that is why dollar cost averaging is the solution to all this hopes and dreams of lower prices.

Avoid getting caught in the same trap because you will end up missing out, and you will keep blaming yourself for being stupid, if you are someone who buy bitcoin every week or every month you will find it easier and worry less about if bitcoin will go lower or higher because it doesn't matter, we are still in a bear market and this is the right time to keep buying bitcoin anyways.

[RewFrew]

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?

You Bought in deep Congratulations. Because i think Bitcoin is now up train. Bear market is so far. Today last 24 hours Bitcoin price increased 10%. It already hit $30k+. Just bull market i think. You told 10% price will drop but 10% increased. FUD are common matter in crypto currency market. But it’s impact creat for short Time.. Within short time FUD impact were end. But now huge good news available for market pump.
Many many big investors coming and investing on crypto. And some people investing on crypto for long time. Bitcoin created his usability and it increasing day by day. And i also think And in 2023 bitcoin will hit new ATH it is my personal opinion.

[Fivestar4everMVP]

How is everyone else feeling?

If you are still holding, and probably later bought more In the deep, then a big congratulations to you mate, bitcoin is now a little above $30k, I believe this is the second time we are seeing this price this year, this is another prove that every bitcoin dip is an opportunity to buy cus the price will always rise back the highs again.

And for how I am feeling right now, I feel that I am not ready for the coming bull run yet, I need more time to accumulate more bitcoin and maybe some other major  altcoins before the bull run kicks in, I missed 2017/2018, missed 2020/2021, I must not miss this 2023/2024 , I believe the current move up in the price of bitcoin is just a reminder to us that the halving is fast approaching and all should get set for another profitable year in crypto.

[DaNNy001]

How is everyone else feeling?

If you are still holding, and probably later bought more In the deep, then a big congratulations to you mate, bitcoin is now a little above $30k, I believe this is the second time we are seeing this price this year, this is another prove that every bitcoin dip is an opportunity to buy cus the price will always rise back the highs again.

And for how I am feeling right now, I feel that I am not ready for the coming bull run yet, I need more time to accumulate more bitcoin and maybe some other major  altcoins before the bull run kicks in, I missed 2017/2018, missed 2020/2021, I must not miss this 2023/2024 , I believe the current move up in the price of bitcoin is just a reminder to us that the halving is fast approaching and all should get set for another profitable year in crypto.

Am with you on this my friend, although I don't have any portfolio with on any altcoins as am still trying to gather up some nice stalk of BTC and like you said every dip is actually a major opportunity for me to buy and hodl. This year has been a good year so far compared to last year bloody fiasco with so many saga which affected the market and was kind of blessing too as the price went so low which was exactly pitch perfect for buying.

[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?

What you are trying to do doesn't make any sense, you are simply trying to find the perfect bottom to keep buying bitcoin and I wish you the best of luck with that, things doesn't work that way in the crypto space that is why you need to keep investing even when you are uncertain if the price will go lower or not, there are some people in the past that have missed the bottom because they are believing that bitcoin will go lower just because it did the same thing in the past bear market, things always doesn't work out like that in Bitcoin investment that is why dollar cost averaging is the solution to all this hopes and dreams of lower prices.

Avoid getting caught in the same trap because you will end up missing out, and you will keep blaming yourself for being stupid, if you are someone who buy bitcoin every week or every month you will find it easier and worry less about if bitcoin will go lower or higher because it doesn't matter, we are still in a bear market and this is the right time to keep buying bitcoin anyways.

Indeed, it's quite a challenge to time the market. What OP is trying to do is akin to catching a falling knife - a perilous endeavor, especially in an unpredictable realm like cryptocurrency. I suggest embracing a more disciplined approach - regular investments over time, also known as Dollar-Cost Averaging (DCA). This strategy not only mitigates risk but also eliminates the emotional aspect of investment decisions.

While it's natural to harbor fears during bearish market trends, remember that Bitcoin is built on solid fundamentals. The technological revolution it brings about and its potential as a hedge against traditional financial system instability are reasons enough to stay optimistic. Bitcoin is much more than just a trading asset; it represents a paradigm shift in our perception of money.

[Dimitri94]

How is everyone else feeling?

If you are still holding, and probably later bought more In the deep, then a big congratulations to you mate, bitcoin is now a little above $30k, I believe this is the second time we are seeing this price this year, this is another prove that every bitcoin dip is an opportunity to buy cus the price will always rise back the highs again.

And for how I am feeling right now, I feel that I am not ready for the coming bull run yet, I need more time to accumulate more bitcoin and maybe some other major  altcoins before the bull run kicks in, I missed 2017/2018, missed 2020/2021, I must not miss this 2023/2024 , I believe the current move up in the price of bitcoin is just a reminder to us that the halving is fast approaching and all should get set for another profitable year in crypto.

Am with you on this my friend, although I don't have any portfolio with on any altcoins as am still trying to gather up some nice stalk of BTC and like you said every dip is actually a major opportunity for me to buy and hodl. This year has been a good year so far compared to last year bloody fiasco with so many saga which affected the market and was kind of blessing too as the price went so low which was exactly pitch perfect for buying.

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.

[wxa7115]

I guess Bitcoins won’t fall below 23,000 USD. The reason is pretty simple: when the price goes down,people will buy it again. Hence, as they start buying, the price will automatically go up due to the increase in demand among the people to acquire the bitcoins. So yes, I am not expecting bitcoin to fall very low, but yes, some price fluctuations can be seen. I would advise all to not panic so much and buy as many bitcoins as you can at this low price. We might see some positive news at the end of September.

In order for bitcoin to go that low the FUD we would be facing will have to be massive, and even the recent events trying to scare people away from this market did not worked nowhere near as well as expected by those which oppose bitcoin.

So it seems 25k is the natural floor for the price of bitcoin and if we reach it again then we must not let that opportunity to pass us up, as anyone that bought at that price is now enjoying a 20% gain in a matter of days.

[justdimin]

The price is currently around $25k. It's not ideal, yes, but it's not terrible either. It's possible that we'll have another bear year and see improvements somewhere in 2024. In that case, Bitcoin can easily drop to $20k, perhaps even $15k. I don't think the latter is likely, but it's not impossible at all. When investing in Bitcoin, one should take volatility into account and be ready for lengthy bear markets. If one is too anxious seeing an investment down 5-10%, I'm not sure Bitcoin is a good choice, as it will bring a lot of anxiety to such people.

It's not that bad either, judging by how the situation with the SEC has progressed. Bitcoin is the only coin that has shown minimal volatility and retained its value, which is quite logical if you ask me since the SEC is mostly after altcoins. Personally, I'm greatly satisfied with the current price, and if the lawsuit against Binance doesn't take a turn for the worse, it's very unlikely to see a new bottom. As for the OP, it's perfectly normal and expected to experience a lower price after conducting a purchase; it has happened to everyone, including myself. It's not something you can easily predict or expect, so you shouldn't have any regrets.

I think that is because whatever happened with SEC, has nothing to do with bitcoin and that is why it didn't really get an impact. Even the worst possible thing that could ever happen ended up happening, that has nothing to do with bitcoin and that is why people felt easy about it. It was like a safe harbor, it was a place where people ended up doing whatever they wanted to do and they ended up with a good result in the end.

You could simply just run away from anything and just find yourself safe at bitcoin, this is why most people preferred bitcoin and that is why I think it is going to end up with a great result eventually. This means that we are not going to end up with a great result, it is going to take a while but it will certainly happen.

[Maidak]

I am definitely expecting a crash in July and August. It is hard to say how much the price will drop but if I know one thing for sure is the bull market still has some time to begin.

I can't be as sure as you because I don't have any proof to back it up, but I also believe there will be another dumping this year or 2024 before the halving takes place. While people are hoping and believing that the market will recover from now on in preparation for the block reward halving, it is very likely that things will turn out differently. The market always tends to go against the crowd and that is why many people invest in the market, but not too many successful investors.

[Cookdata]

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.

[summonerrk]

Bitcoin has been pleased us with the price increase in recent days, but I thought there was little chance that the price would break through the resistance level of 30k. If she does, then the price of BTC will rise to 48k, judging by the past resistance level.

But it seems to me that the price will rather fly down. And I would like the price to fall to 8k, this is the level of a downtrend, but at the intersection with the level of Global support, a point at 8k is formed. Then we would have bought and the price of bitcoin could have already received an impulse to grow up to 48k, and maybe up to 70k.

Let's see what will happen in the next few days.