Bitcoin - how low will we go in 2023?

[imamusma]

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.

Although return from a bitcoin investment are never guaranteed, history has proven that returns are very possible. In fact, I firmly believe that it is always possible for bitcoin to surpass its high for a certain amount of time, for example after a halving. I thinks, some investors in the last year have received 100% return on their investment, especially if they had bought at the lowest price at that time.

I've noticed that bitcoin has a habit of scoring 3x higher every time it hits a new ATH. For example, when bitcoin minted ATH in 2017 it was priced at $20k, whereas in 2021 ATH is priced at $69k. So based on that, I think there's a chance $200k will be the new ATH after the 2024 halving. But either way, we never know what's going to happen.

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.

The investment strategy really depends on the individual user, but I like the way MicroStrategy does it. They adopted a DCA strategy, which is good for the long term because when prices go up it's clear they're going to get huge returns.

[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.

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

I say it won't because I was thinking about halving which really has a huge impact on the market and expected that the price will pump and continue the bull season. But if we make this during after bull run, it was even the worse drop could possibly be going to experience. And based on the current market situation, it was more on the pumps than corrections which we could think positively about rather than declining sentiment even though we know it was unpredictable.

[blue Snow]

I've noticed that bitcoin has a habit of scoring 3x higher every time it hits a new ATH. For example, when bitcoin minted ATH in 2017 it was priced at $20k, whereas in 2021 ATH is priced at $69k. So based on that, I think there's a chance $200k will be the new ATH after the 2024 halving. But either way, we never know what's going to happen.

Yes, As like what you said at the end of the sentence, we never know what's going to happen next, we must have a management strategy to face the unwanted thing. when referring to the halving time, the chance Bitcoin price to $200k could happen, but there are many aspects that we must pay attention to before do the investment, like the war which happening today, or other economic aspects like rejected proposal ETF and increase interest rate US Bank. My point is we have to prepare also on the physiology aspect.

[salad daging]

Although return from a bitcoin investment are never guaranteed, history has proven that returns are very possible. In fact, I firmly believe that it is always possible for bitcoin to surpass its high for a certain amount of time, for example after a halving. I thinks, some investors in the last year have received 100% return on their investment, especially if they had bought at the lowest price at that time.

I've noticed that bitcoin has a habit of scoring 3x higher every time it hits a new ATH. For example, when bitcoin minted ATH in 2017 it was priced at $20k, whereas in 2021 ATH is priced at $69k. So based on that, I think there's a chance $200k will be the new ATH after the 2024 halving. But either way, we never know what's going to happen.

Yeah right although there is no guarantee whatsoever, I think I'm just on a firm grip that bitcoin will definitely make history again in the future, I'm sure for holders will believe about this they will have a decent return later of course to the highest level that will definitely happen after the halving and this has been widely predicted throughout social media or forums.

Will this halving bitcoin will print more than 3x? very curious about this event later, if the history of cycles like this then it is very likely that the price of ATH will definitely be more than 100K or 200K which you said is still very possible too, I know this is our scenario but bitcoin history always never disappoints.

It's interesting from PlanB's tweet,

buy bitcoin 6 months before halving and sell your bitcoin after 18 months of halving

will this theory happen?
It's just a speculation but I really believe in this.

https://twitter.com/100trillionUSD/status/1675822934785511426

[tygeade]

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.

DCA is great but if you can't and it goes up, it is not wise to just not buy it neither. Think about it this way, you had 1000 dollars and bought at 20k, but now it is 30k and you have 1000 again, sure you should buy if it goes down but it is not ideal to just invest and wait for it to go down to invest again.

I personally would buy it again after a while, put some buy orders just in case and if it goes up then buy right before it goes up, somewhere like 31k, so that you could be happy with it. Otherwise you are going to stuck with the initial investment and will not follow it up further in the future. I believe buying even when it is going up is preferable compared to just sticking with the fiat and not buying anything until it drops again.

[JoyMarsha]

Lols. Did you purchase bitcoin with the intention of seeing its price rise without decreasing, ignorant to the fact that bitcoin is highly volatile and that any positive or negative news can have an immediate impact on its price?

Are you a long-term or short-term investor of bitcoin? Because a long-term bitcoin investors shouldn't be concerned about the current price of bitcoin until their desired price is realized. So, take it easy and think positively about bitcoin. Don't let the FUD or decline in bitcoin's price depress you emotionally. it will only last a short while before the whole ordeal is over.

[ancafe]

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.

DCA is great but if you can't and it goes up, it is not wise to just not buy it neither. Think about it this way, you had 1000 dollars and bought at 20k, but now it is 30k and you have 1000 again, sure you should buy if it goes down but it is not ideal to just invest and wait for it to go down to invest again.

Those are just a few examples of what I mean about people who are too concerned about not being able to put together cheap purchases and DCA is one way they can take advantage. But when it comes to people who already understand the condition of bitcoin, buying at any price is sure they have considered it well because basically the strategy can be different.

I personally would buy it again after a while, put some buy orders just in case and if it goes up then buy right before it goes up, somewhere like 31k, so that you could be happy with it. Otherwise you are going to stuck with the initial investment and will not follow it up further in the future. I believe buying even when it is going up is preferable compared to just sticking with the fiat and not buying anything until it drops again.

It depends on how deep a person is involved in investing and back again as I said before, that experience will bring someone to the stage of understanding the strategy of buying or selling it. Speaking of opportunities, we often see a decline in buying conditions, while DCA can also be used as a routine purchase, the method can be adjusted according to the steps you are doing. A special budget will also work during the decline process because we can take advantage of purchasing a slightly larger amount than usual.

[Kelvinid]

Are you a long-term or short-term investor of bitcoin? Because a long-term bitcoin investors shouldn't be concerned about the current price of bitcoin until their desired price is realized. So, take it easy and think positively about bitcoin. Don't let the FUD or decline in bitcoin's price depress you emotionally. it will only last a short while before the whole ordeal is over.

Whether we are long-term or short-term investors but if we trust Bitcoin and believe that it has a bright future, the price really doesn't matter. But of course, it was also important to look at and consider the market situation before buying. We can't rid of the FUDs as it was a part of the crypto space but as I've said, once we have the trust there is no way to be afraid of it.

I can't say that 2023 can be bullish, yet it was still possible but as we observe the current situation, it is only a slim chance to get back low like last year.

[MiF]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

[Davian144]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Everyone really has to see and read news that is different in any case as long as the news is true. Because there is also news that is deliberately processed by several writers to make investors and traders panic so that they will release assets that they have held for a long time. Because not all of the negative news is true even though some are true, but we just need to make sure that it's true so that we ourselves don't panic because of the news.

[milewilda]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Everyone really has to see and read news that is different in any case as long as the news is true. Because there is also news that is deliberately processed by several writers to make investors and traders panic so that they will release assets that they have held for a long time. Because not all of the negative news is true even though some are true, but we just need to make sure that it's true so that we ourselves don't panic because of the news.

Fundamentals or news arent really that something to be precise when it comes to handling out yourself on this very volatile and unpredictable market but since it would really be that so relevant on using up these things then you should really be mindful on applying it out on your over all analysis because you could really make out those kind of options on which one you would really be following. Speaking about future then it is something that
cant really be known or predicted but since there's lots of ways on which we can be able to see on what are those probabilities then lets just use it for our advantage but dont really be that too optimistic that it would be giving out those positive results. Lets just be having some recent news about price in crypto space.

Crypto exchange FTX bailed on Taylor Swift partnership
https://www.nbcnews.com/now/video/crypto-exchange-ftx-bailed-on-taylor-swift-partnership-187065925987

So what would really be our approach for this? For sure having this kind of news would really be giving out that kind of
positivity that FTT and SOL would really be having that create on some sort of hype which it would really be your
common approach for such condition or situation.

[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

I say it won't because I was thinking about halving which really has a huge impact on the market and expected that the price will pump and continue the bull season. But if we make this during after bull run, it was even the worse drop could possibly be going to experience. And based on the current market situation, it was more on the pumps than corrections which we could think positively about rather than declining sentiment even though we know it was unpredictable.

Yes, you are correct, and there is no dispute about the market's bullish feeling, which keeps the price at $30,000. All this happens through the positive standpoint of some institutional investors and international platinum investment companies that want the Bitcoin ETF to be signed.

[TheGreatPython]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Yes, of course no one knows for sure, but we can predict it with various aspects so that speculation arises and that will be done by everyone who trades or invests in Bitcoin.
If you look at the price movement of Bitcoin over the course of the year then I don't think we're ever going to go under 20k anymore, now there's a lot of pushing for this slow movement to move on the upswing, I'm sure of that.

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

[uswa56]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Yes, of course no one knows for sure, but we can predict it with various aspects so that speculation arises and that will be done by everyone who trades or invests in Bitcoin.
If you look at the price movement of Bitcoin over the course of the year then I don't think we're ever going to go under 20k anymore, now there's a lot of pushing for this slow movement to move on the upswing, I'm sure of that.

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

That's true but some people expect different things so they can enter at a fairly low price, that's quite reasonable in my opinion.
The price of Bitcoin moves so fast and we can't predict it with certainty but there are some indications and factors that can be used as a reference for us to speculate, there's nothing wrong with everyone's speculation and it will all be different.
Personally I believe that for this year the price of Bitcoin will not fall below 20k again and most likely we will continue to be near 30k without any significant movement.

[fzkto]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Yes, of course no one knows for sure, but we can predict it with various aspects so that speculation arises and that will be done by everyone who trades or invests in Bitcoin.
If you look at the price movement of Bitcoin over the course of the year then I don't think we're ever going to go under 20k anymore, now there's a lot of pushing for this slow movement to move on the upswing, I'm sure of that.

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

It's really hard to guess where the price will end up by the end of this year. But for me the key factor is the next halving, which is less than a year away. If the cycle is not broken, a new bull market will start soon. And it doesn't matter what the price will be in 2023. It's much more important what happens in 2024-2025.

[rby]

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.

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening 

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

There is already a support at 30k, there is a support around 25k and there's also a little support at 20k and a big support at the region of 15k. So, how did you analyze that all these supports would be broken to take bitcoin back to 8k? I tried to zoom the graph more to see where you were coming from but the picture was truncated.
When bitcoin was in the heart of the bear market, it didn't touch 8k, how much more now that green lights are seeing weeks and months. I think the 8k days of bitcoin has gone. Nobody can buy it that cheat anymore.

[justdimin]

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

We can't be sure that bitcoin couldn't be 20k in a month, that much is definitely true. However, when it was about 4k in March of 2020, do you think people thought it would be 69k? I do not think that they did, I know a lot of people here and I can tell you only a few maximalist kept on trusting that it would be. What does that tell us? It also shows us that it could be 100k+ and we couldn't be really forgetting that going up is what bitcoin does on the long term.

If you keep thinking that a crash may come soon, and do not invest because of it, then you are going to end up with a bit of an upset overall and you shouldn't really do that, it would be a foolish move. It will go up, and you should invest accordingly to make a profit.

[Dave1]

It is unknown no one can pin point the exact price of btc from the start, no one knows how low it will go and no one knows how fast it will recover from dip.mostly btc is being affected buy some negative news that is why it drops beyond the limits, but if there are also a good news it will also recover very fast so i think we need to be more active on the different news.

Yes, of course no one knows for sure, but we can predict it with various aspects so that speculation arises and that will be done by everyone who trades or invests in Bitcoin.
If you look at the price movement of Bitcoin over the course of the year then I don't think we're ever going to go under 20k anymore, now there's a lot of pushing for this slow movement to move on the upswing, I'm sure of that.

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

It's really hard to guess where the price will end up by the end of this year. But for me the key factor is the next halving, which is less than a year away. If the cycle is not broken, a new bull market will start soon. And it doesn't matter what the price will be in 2023. It's much more important what happens in 2024-2025.

We are already more than half way of this year and so far everything is looking good for bitcoin. We've breach $30k and then maintain it and it beyond the support line for now.

So if this pattern continues then it could go up in the next 5 months, so at least $40k-$50k at the end of 2023.

Of course, we can't discount the fact that there could be some correction ahead, but for me, everything looks bullish.

[aylabadia05]

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.

June was not as bad as the previous month. Being used to the process of rising and falling prices makes us feel like normal.
Bad news and FUD will automatically disappear whenever it rises to the surface with positive news.

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.

Don't rest just yet because it's time to keep collecting Bitcoins because the ship we are waiting for is almost at the port.
The developed FUD can be a positive momentum for those of us who want to increase the number of assets in our wallets that we will hold.

[milewilda]

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.

June was not as bad as the previous month. Being used to the process of rising and falling prices makes us feel like normal.
Bad news and FUD will automatically disappear whenever it rises to the surface with positive news.

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.

Don't rest just yet because it's time to keep collecting Bitcoins because the ship we are waiting for is almost at the port.
The developed FUD can be a positive momentum for those of us who want to increase the number of assets in our wallets that we will hold.

We do really keep on making in comparison in between prices in each month and on every year. Yes, history isnt assured to happen in the future but it do always rhymes in the past on what are the recent events.
This is why people cant really just stop on not to look back on what are those movements and progresses that we do have on every month that it is passing. For those who had been on this market
for years will really be having that kind of impression and trying out to make those comparisons and making use of the same possible strategy that they had done. We do already picture out
on what it would be looks like but due to unexpected news and fundamentals which it could make out that kind of stir up of the entire condition or situation.