Bitcoin Price, Where Next

[ShowOff]

Bitcoin is in this area of ​​29k to 30k since last few months, no one knows what is the reason, but maybe someone is accumulating big amount of bitcoin here and we are selling in frustration. Many are preparing for the next halving so keep an eye on the market, the unexpected may become expected.

Of course it is true that unexpected things are very likely to happen to bitcoin so everyone needs to consider the risk of investing. I also don't know what happened in the market for the price to push above $32k since January 2023. Right now the price tends to go sideways between $29k to $30k, but bitcoin is still having a hard time staying above $30k after the correction.

The halving is still a long way off so there is plenty of opportunity for accumulation over the course of 2023. August might be the best month to expect a price recovery above $31k, but I'm not thinking much about a possible dump to anything lower than $28k either.

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[Captain Corporate]

We still have about 9-10 months of time until the halving, and that means we still need to wait for it to be a bit different in the end. I get that there are a lot of people who are super excited about the possibility, bu that doesn't mean that we are going to end up with a good return right away. It could be like that at one point, but it could be quite different at another moment. This is why we should be considering this as something that will benefit everyone if they wait. Holding seems to be the hardest thing for people, if we could do that then we are going to end up with profit but unfortunately people fail to do that somehow, I don't understand how something so easy, is actually so difficult.

[serjent05]

The price has been fluctuating between 29k 30k for a long time. I don't know if it will continue like this until the end of the year, but I think the price must first fall in order for the price to rise. Because many people think that the price of Bitcoin will fall, and after going from 29k to 30k, it went down again. If the price of Bitcoin falls from these levels, it will start to rise again quickly, but first, the expectation of a decrease must be realized.

The halving will have a big impact on price predictions, but there is still uncertainty in terms of price. So getting a little closer to Halving will give us information about where the price will go.

In a sideway movement of the Bitcoin market, it is possible that people are accumulating slowly.  This is also one of the sign that a possible transition from bearish market to bull market slowly building up.  In the previous price chart, Bitcoin halving is one of the catalyst of Bitcoin breakout, signaling the start of bullish market that ends up with record breaking new ATH.

I believe the history will again repeat itself making Bitcoin rallies after the halving and create a series of new ATH.

[PX-Z]

The OP asked this question/posted since june, yet we still have almost the same range now in august which means it really become stable. I don't think the barrier will break anytime soon unless some big good news happened or the other way around. But usually ber months always do the uward trend, i'm not saying it always the same, and it will be this time but i hope it will.

[STT]

Its recently pulled back to be almost the same price as March start which is alot of wandering about only to arrive back where you were 5 months ago.    Thats what tends to happen and I'd call the entire year a consolidation year, various prices seen but not a great deal of resolution to significantly alter price.   It is still constructive longer term but you will require sainthood before you can fully appreciate the gains that seem so slow in contrast.
  BTC races ahead at times only to cruise to a near stop after that acceleration, maybe we are in eco mode doing so and it'd be negative to always move rapidly; dangerous even so at least someone who appreciates stability benefits from this drifting price but its not often speculators who would say that especially those on leverage paying for time.

[Dr.Bitcoin_Strange]

I don't think bitcoin's upside potential is not going to happen in the near future, it looks like the price is only between $29k and $30k, almost 6 month price can't get past the $30k level and I think the increase could happen at the end of the year because it's close to the halving day that will happen in the year 2024.

Bitcoin will find a way to go up in the future , I have no doubts about this but for now , Bitcoin price will stabilize around 30k$ but I don't see it going above it with a lot. However, when August is gone and summer cycle is over , we might see Bitcoin trying to push towards 35k and if it makes it until there , I have full confidence that we are going to transit into bull market and from there , all the markets should start to have an ascent movement.

Yeah, I think so too. I am even believing that we might see Bitcoin around $31–$32k before the month of August is finally over, because about two days ago, the market really showed a quick move from $29k to about $30k+, and if that move occurs again, I think we might see Bitcoin around $31k first for towards the ending of the month.

[wmaurik]

Yeah, I think so too. I am even believing that we might see Bitcoin around $31–$32k before the month of August is finally over, because about two days ago, the market really showed a quick move from $29k to about $30k+, and if that move occurs again, I think we might see Bitcoin around $31k first for towards the ending of the month.

As for $31K at the end of this month, I think it could happen again to Bitcoin because in mid-July this price range also happened to Bitcoin so there is still a chance for it to happen again at the end of this month if there is no further drop below $29K. The price increase to $31K is not so far from the current price range that most people are probably still pretty sure it could happen again sometime this month. Even if not now or in the next few days.

[Fakhrulenclix]

Yeah, I think so too. I am even believing that we might see Bitcoin around $31–$32k before the month of August is finally over, because about two days ago, the market really showed a quick move from $29k to about $30k+, and if that move occurs again, I think we might see Bitcoin around $31k first for towards the ending of the month.

As for $31K at the end of this month, I think it could happen again to Bitcoin because in mid-July this price range also happened to Bitcoin so there is still a chance for it to happen again at the end of this month if there is no further drop below $29K. The price increase to $31K is not so far from the current price range that most people are probably still pretty sure it could happen again sometime this month. Even if not now or in the next few days.

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

[ajiz138]

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

$31K can be said to be resistance.
Not moving significantly, the price of bitcoin is currently stuck at $29K and only on the 9th bitcoin touched $30K but that was not long until it returned to the price of $29K more.

Supposedly $30K is not difficult if you look at the current movement but sometimes it becomes difficult we see at the end of the month, but at least with a positive trend including from the news bitcoin can break $30K.

Right now I just call bitcoin more sideways

[eightdots]

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

$31K can be said to be resistance.
Not moving significantly, the price of bitcoin is currently stuck at $29K and only on the 9th bitcoin touched $30K but that was not long until it returned to the price of $29K more.

Supposedly $30K is not difficult if you look at the current movement but sometimes it becomes difficult we see at the end of the month, but at least with a positive trend including from the news bitcoin can break $30K.

Right now I just call bitcoin more sideways

There are many more days until the end of August. If there is a rapid increase this month, we may see 31k, but I don't think much. When the price hit 30k it immediately pulled back. This showed that Bitcoin price is not ready to go above 30k. I guess we have to wait a little longer.

It's like they're constantly trying to lower prices. Bitcoin endured very well not to fall from the 29k level. I think we should talk about the possibility of the price going down from 29k instead of going above 30k. Because this possibility seems more likely to me.

[Wiwo]

The OP asked this question/posted since june, yet we still have almost the same range now in august which means it really become stable. I don't think the barrier will break anytime soon unless some big good news happened or the other way around. But usually ber months always do the uward trend, i'm not saying it always the same, and it will be this time but i hope it will.

I agree with you, when the thread was created i did it with a future prediction and forecast and my market speculation caption up.to 2-3 month Bitcoin price range and to this point, we are almost in the third month of the thread and still yet Bitcoin price range has not broken out of that benchmarks.

This market characteristic shows that Bitcoin is building up higher liquidity that will sustain its current price resistance level, and also force Bitcoin price to become more stable, and I am sure also that Bitcoin is going to maintain its current price benchmarks for a while before any further possible breakout.

[Sim_card]

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

$31K can be said to be resistance.
Not moving significantly, the price of bitcoin is currently stuck at $29K and only on the 9th bitcoin touched $30K but that was not long until it returned to the price of $29K more.

Supposedly $30K is not difficult if you look at the current movement but sometimes it becomes difficult we see at the end of the month, but at least with a positive trend including from the news bitcoin can break $30K.

Right now I just call bitcoin more sideways

There are many more days until the end of August. If there is a rapid increase this month, we may see 31k, but I don't think much. When the price hit 30k it immediately pulled back. This showed that Bitcoin price is not ready to go above 30k. I guess we have to wait a little longer.

It's like they're constantly trying to lower prices. Bitcoin endured very well not to fall from the 29k level. I think we should talk about the possibility of the price going down from 29k instead of going above 30k. Because this possibility seems more likely to me.

The price of bitcoin has being resisting 30k as we have seen it since the past few months that the price has being fluctuating between 29k-30k and back to 29k for three months now. It has been stable,I guess that it will little more time before bitcoin price will break the barrier of this price to 31k and above maybe after the end of this month but I know that this is a good sign that bitcoin price will not go below 28k again till we will experience the halving next year and the price of bitcoin at the end of this year might reach 40k. I hope to hear good news on bitcoin that will help to increase the price..

[GeorgeJohn]

The most bullish of bull runs are the ones that happen many months, even more than a year, after the halving. That is when the scarcity of new Bitcoin will be fully felt by the market. The supply can't anymore keep up with the demand. So for 2023, I don't expect a huge price change whether up or down. That's unless there is a really big thing to happen that would shake the entire market up. Without that, I think the price will continue to move sideways within the $20,000 and $30,000 level.

Do you in predictions of bitcoin price we can not stand on one predictions, when future goes and predictions changes, because at a point we may likely say that bitcoin will not be increase above twenty thousand  (30k) this year base on what you know quite well, so I believe that the price of bitcoin today or next month due to the status of the investors can make us to change a predictions value of bitcoin, in null shell what I'm saying to an extent is that Bitcoin price will is rotational and if we are predicting the price of bitcoin is dependable by the information we heard concerning the Market. Do you know that I doesn't depends on predictions speculation of bitcoin, I made my own findings and depends on that, so that the Market goes against my predictions then I will accept because all fault are mine because It's what I predicted.

[wmaurik]

$31K is a very close price. The price of Bitcoin, which moves significantly at any time, makes it possible to achieve this. Currently, the price of Bitcoin is always close to $30K, so I think $31K is very possible to achieve this month.
I think the movement that occurs is 2k to 3k, it's still reasonable, because so far the price of Bitcoin is moving quickly and that's a natural thing
But of course I am very optimistic that in the rest of the year we will see more and more positive trends in the price of Bitcoin.

I also have no qualms about reaching another $31K price tag on Bitcoin, but for now it's up to everyone to see how the market is going specifically for Bitcoin. An increase for $2k or $3K is indeed not impossible for Bitcoin, but for conditions like today it feels like it is still a little difficult to happen right away because after approaching $30K, the price of Bitcoin still tends to fall back rather than increase at this time so for $31 K may not be reached immediately in the near future, although it is very, very likely to happen.

[savetheFORUM]

The OP asked this question/posted since june, yet we still have almost the same range now in august which means it really become stable. I don't think the barrier will break anytime soon unless some big good news happened or the other way around. But usually ber months always do the uward trend, i'm not saying it always the same, and it will be this time but i hope it will.

I agree with you, when the thread was created i did it with a future prediction and forecast and my market speculation caption up.to 2-3 month Bitcoin price range and to this point, we are almost in the third month of the thread and still yet Bitcoin price range has not broken out of that benchmarks.

This market characteristic shows that Bitcoin is building up higher liquidity that will sustain its current price resistance level, and also force Bitcoin price to become more stable, and I am sure also that Bitcoin is going to maintain its current price benchmarks for a while before any further possible breakout.

I don't think that Bitcoin is building up higher liquidity but it is just that the whole market is waiting for some movement to start buying and we all know that the market won't move much if there is no money flowing in at all. There isn't much selling or much buying at the moment, which is basically the reason why the market is so much stable, as soon as people start either selling or buying at large scales, the market will start moving for sure.

A lot of people think that the market will move when the halving occurs but that doesn't automatically do something to the market that makes people buy more only in the hope that the market will go up and that is basically what keeps the market going up and as soon as people start selling again, we see the market crashing.

[socks435]

I also have no qualms about reaching another $31K price tag on Bitcoin, but for now it's up to everyone to see how the market is going specifically for Bitcoin. An increase for $2k or $3K is indeed not impossible for Bitcoin, but for conditions like today it feels like it is still a little difficult to happen right away because after approaching $30K, the price of Bitcoin still tends to fall back rather than increase at this time so for $31 K may not be reached immediately in the near future, although it is very, very likely to happen.

Compared in the past years ago the price movement these days is not too volatile as before since people are now developing AI for trading the market become less volatile unlike years ago.

There are many factors that affects the Bitcoin price not the technical but also news and events can change the price of Bitcoin. For now, Bitcoin price is stable at $29k and it is hard to predict if these days we can see price more than $31k unless if there is new events.

[PX-Z]

I don't think the barrier will break anytime soon unless some big good news happened or the other way around.

Well, we are experiencing it now due to some news including of SpaceX selling its bitcoin holdings that cause panic sells hearing the news and is the price is dumping from 28k.

[Fatunad]

I don't think the barrier will break anytime soon unless some big good news happened or the other way around.

Well, we are experiencing it now due to some news including of SpaceX selling its bitcoin holdings that cause panic sells hearing the news and is the price is dumping from 28k.

Well, things turns out to be shit when negative news like this comes around.  

But we know that this is the best time to DCA or accumulate while Bitcoins price is already that cheap but we cant really remove into our minds that the price might shoot down even more.
Therefore, there would be always that kind of hesitance on the time that you would really be trying out to buy on this point and looking for some further possible bearish news which
we know that when it comes to fundamentals, it turns out on having that domino effect. This is why people would be always that skeptical on something like this.

Now is the best time to buy before we would be able to kick in the price in 35k but of course those are just rumors and prediction.If you could take up that risks then this is the sweet spot.
If you are holding for long term then any price wont really be an issue. For those who do plan to make long position then take up some risks and we might be seeing some
recovery soon.

[wmaurik]

Compared in the past years ago the price movement these days is not too volatile as before since people are now developing AI for trading the market become less volatile unlike years ago.

I think that the development you mean can also have an effect at this time because it is part of a simple job with the aim of making it easier for traders in the market. But personally I have never used it, apart from still considering the old ways that I am currently still using, and I am sure that not too many people use it in terms of trading, although over time the usage will continue to increase.

There are many factors that affects the Bitcoin price not the technical but also news and events can change the price of Bitcoin. For now, Bitcoin price is stable at $29k and it is hard to predict if these days we can see price more than $31k unless if there is new events.

Events and news are always the main influence for the market flow and price of Bitcoin, because in the past it has happened and almost everyone has probably seen that the influence of certain events and certain big news is very obvious. And now the decline has also occurred again where the Bitcoin price is already in the $ 26K range and there is still no sign of recovery for the next range in the market.

[19Nov16]

These days certainly make a surprise for us because the price drops significantly, the current price is around $ 26K and can rise again from $ 25k, it seems like the Pope immediately acts when the price reaches $ 25k, may be a preparation before the end of the year and they immediately bought when the price is cheap , we also have to do that way, buying when it's cheap and sell at the end of the year when it is expensive.