Bitcoin - what are we expecting for the rest of 2023?

[Hamphser]

2023 is still more than 4 months and I think there is still a chance for rising, moreover many people are optimistic that the halving day that will occur at the beginning of 2024 will make a big impact at the end of this year so I am optimistic that the end of the year can reach at least 200% of the price now or about $58k.

It's hard to predict what could really happen. Think back to March 2020 when the price dropped tripple in a few days. That was just before the halving. Of course many believe that in 2023 the price could rise, but as long as resistance is not broken there could be a fall at any time.

It looks like the resistance won't break throughout the year. As we've got the halving to take place in the upcoming year, we can expect the price to be moving at the lower margin. Only then it is possible to reach new ATH price by halving. Till date the new ATH price have been reached by every halving. This time also such thing is expected. Many were expecting 6 digit value, which is possible and something beyond limits could go down in value. So, my prediction is bitcoin to reach around $80k by halving and for the rest of 2023 we'll be sitting between $30000 and $45000.

Things becomes even more harder for us to think that 30k would be having some breakout specially as of this writing where the price dips on $25k of the lowest and currently sitting around $26.5k

as of this writing. This is why im even more expecting that there would be more plunges on this year as we fast approaching on the bull run period. Just like the rest been saying that it would be always wise that you should really expect the unexpected as always because we know that market could really be having some news which we dont really expect for it to happen.
Just like now on which Elon/SpaceX bitcoin accumulated coins had been released or been sold off and now we are experiencing up some dips but if we do make out some calculation
then having those amounts on being sold wont really be affecting on having that 10% decline as of this moment which does signifies that it is some sort of manipulation.

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[STT]

Todays action indicates what has appeared fair game the whole year in prospect and during, reset revision and consolidation.  Overall it is a positive but your resolve to hold for higher will be sorely tested a dozen times apparently.   Autumn is usually worse then summer so be ready but also bare in mind that price itself is not a sole determiner of strength its market orders and bidders like any auction sometimes people dont want to buy for whats being sold today so the price is bad tbh.
   I always try to grasp this myself and have been trying for years but the price today does not follow or dictate the price for every other day, we will find the significance only over time and with far greater time frames required; first of all is the weekly closing price.  Also volume at every price seen is important. 


From what I can see on this 15m chart for example the volume after the sell was greater and shows more bullish pricing after the sell, its not quite as negative as it appears.   Then this premise also must be tested, every gain must be tested before its good and proper support for wider time frames to build.   We have to test the 25 to 30k area seems fair now.

[yohananaomi]

I am very optimistic about Bitcoin this year and I think we can break out of the bear market this year.  If we compare the price of Bitcoin in this year 2023 Bitcoin has recovered from the past dump.  Expect Bitcoin to trigger a bull run later in the year.  Bitcoin's momentum is great right now and if we look at past history the market tries to recover towards a near bull run towards the end of the year.  There are still five months left before the end of the year. Expect a lot of changes in Bitcoin price within five months.Reaching the 40k level is not complicated for Bitcoin and everyone is optimistic that 2023 should be the year we reach the bull market.

I hope that as you say, of course that is what is desired because if there is an increase with bitcoin, all coins will also be able to move upwards, especially with potential coins. I may also have confidence that at the end of the year there will be improvements as well as preparations for the arrival of the halving era.
But it is possible that this month and tomorrow there will be a correction, which usually occurs to prepare the impetus for Bitcoin to recover. There is still time as you say and there will always be changes that can happen and we are waiting for that.

[MFahad]

People told in advance that 2023 will be a Bull season but since previous month we are facing regular dip in price. We know that this price will not be forever but this make individuals afraid.

I think that the price will go towards 40k$ as three months are remaining therefore your ambition should be best in rest of the year definitely it will increase. Before halving the price of bitcoin will be unquestionable hit value more than 40k$.

Actually the present dip happened because of some news about Elon musk which greatly change its price but the trust of holders was strong enough that again it hit 27k$ and will boost very soon even more than this.

[serjent05]

People told in advance that 2023 will be a Bull season but since previous month we are facing regular dip in price. We know that this price will not be forever but this make individuals afraid.

I think that the price will go towards 40k$ as three months are remaining therefore your ambition should be best in rest of the year definitely it will increase. Before halving the price of bitcoin will be unquestionable hit value more than 40k$.

Actually the present dip happened because of some news about Elon musk which greatly change its price but the trust of holders was strong enough that again it hit 27k$ and will boost very soon even more than this.

But it looks like 2023 is another bear season.  I believe the rest of the year will still remain bearish since there is not enough catalyst to make the bear market turn into the bull market.  there might possibly some temporary rally during the last month of the year but I do not think it will calm down after the season.  Unless there are major events that can make the market sentiment highly positive, I do not think that there is much changes in the market for the rest of the year 2023.

[Fara Chan]

I hope that as you say, of course that is what is desired because if there is an increase with bitcoin, all coins will also be able to move upwards, especially with potential coins. I may also have confidence that at the end of the year there will be improvements as well as preparations for the arrival of the halving era.

Hopefully there will be better price improvements at the end of the year because when the Bitcoin halving moment is known by many people, there will definitely be a feeling or urge to want to buy Bitcoin in order to welcome the halving perfectly. Because usually a better increase will be seen when the halving is complete or is caused by the confidence of many people to continue buying after the completion of the halving in Bitcoin.

But it is possible that this month and tomorrow there will be a correction, which usually occurs to prepare the impetus for Bitcoin to recover. There is still time as you say and there will always be changes that can happen and we are waiting for that.

Corrections of modest size will always be present in Bitcoin, but that does not mean it will make Bitcoin worse. Because the correction period is a time for everyone to be patient while buying again at a low price using as much capital as possible in preparation for welcoming the halving moment next year.

[AmoreJaz]

I hope that as you say, of course that is what is desired because if there is an increase with bitcoin, all coins will also be able to move upwards, especially with potential coins. I may also have confidence that at the end of the year there will be improvements as well as preparations for the arrival of the halving era.

Hopefully there will be better price improvements at the end of the year because when the Bitcoin halving moment is known by many people, there will definitely be a feeling or urge to want to buy Bitcoin in order to welcome the halving perfectly. Because usually a better increase will be seen when the halving is complete or is caused by the confidence of many people to continue buying after the completion of the halving in Bitcoin.

But it is possible that this month and tomorrow there will be a correction, which usually occurs to prepare the impetus for Bitcoin to recover. There is still time as you say and there will always be changes that can happen and we are waiting for that.

Corrections of modest size will always be present in Bitcoin, but that does not mean it will make Bitcoin worse. Because the correction period is a time for everyone to be patient while buying again at a low price using as much capital as possible in preparation for welcoming the halving moment next year.

there will always be correction as this market is the same with other market. but with the continuous adoption of people, i am seeing positive movement down the road. the change may not be this month or the next. but so long this market is attracting attention from various stakeholders, it has the probability to further strengthen its presence in the trading market.
halving event has always this positive interest because of the hope that btc will continuously increase its price, so maybe, we will see positive movement before the year ends. depends on how things are progressing in the overall crypto market.

[Dimitri94]

In one week we will be half through the year , crazy I know 

What is everyone expecting for the rest of 2023 with Bitcoin?

A lot of good news lately with Bitcoin up 24% in a week but will it last?

How high can we go before 2024? $40k? $50k?

Bitcoin is trying to become a bit bullish from time to time and it is going back to the previous position. Because, Bitcoin has not yet achieved the power it needs. So we need some more time. But by the end of 2023 we will definitely see an upside market although nothing can be said for certainly. But almost everyone expects Bitcoin to regain its momentum as the halving time gradually come to us. And when everyone is able to come to the same conclusion, Bitcoin will have no chance but to be bullish. I think Bitcoin will be between 35k and 40k by December.

[mich]

Well I am not expecting so much of a raise in price of Bitcoin. There is so much going on in the world and we are waiting for the sec to solve many court cases.

But then if I see whales stacking their coins I think maybe something big is going to happen. Michael Saylor's company MicroStrategy has now bought a additional 5,445 Bitcoin for a price of $147.3 Million. So it does give me some 'bullish' thoughts when he does this.

https://coinjournal.net/news/microstrategy-acquires-an-additional-5445-bitcoins/

[kro55]

In one week we will be half through the year , crazy I know 

What is everyone expecting for the rest of 2023 with Bitcoin?

A lot of good news lately with Bitcoin up 24% in a week but will it last?

How high can we go before 2024? $40k? $50k?

Bitcoin is trying to become a bit bullish from time to time and it is going back to the previous position. Because, Bitcoin has not yet achieved the power it needs. So we need some more time. But by the end of 2023 we will definitely see an upside market although nothing can be said for certainly. But almost everyone expects Bitcoin to regain its momentum as the halving time gradually come to us. And when everyone is able to come to the same conclusion, Bitcoin will have no chance but to be bullish. I think Bitcoin will be between 35k and 40k by December.

September is almost over and we are only 3 months away from the end of the year but things are still in the doldrums and I think optimism is something we should continue to maintain. But being certain about anything about bitcoin is something we should not do because as we all know bitcoin is unpredictable. Halving is approaching but that does not mean that bitcoin will definitely increase in price, we should also consider macro factors such as the world economic situation, inflation, war...Many factors influence the market, the halving is not the only factor. 40k before the end of the year is a pretty lofty goal for me.

[lixer]

Well I am not expecting so much of a raise in price of Bitcoin. There is so much going on in the world and we are waiting for the sec to solve many court cases.

But then if I see whales stacking their coins I think maybe something big is going to happen. Michael Saylor's company MicroStrategy has now bought a additional 5,445 Bitcoin for a price of $147.3 Million. So it does give me some 'bullish' thoughts when he does this.

https://coinjournal.net/news/microstrategy-acquires-an-additional-5445-bitcoins/

Michael Saylor and his company-- MicroStrategy have always believed in Bitcoin and their belief has always paid off, and the major payoff for them would be when Bitcoin hits another all-time high this time maybe going around $100k which will surely make their stack worth lot and the company will have a huge profit out of its Bitcoin investments that it has made so far and might make in the future. They've always used the perfect market conditions.

If we talk about market conditions, I believe we won't see any major movements now in this year, the only major movement we saw was at the beginning of the year when Bitcoin went from below $19k to $31k in just a couple of months, and then it became stable there. But, we will surely see some action in the next year.

[Mate2237]

We are in the third quarter of the year and the year is far spent to the ending. And the price of bitcoin is still low to some extend. Though there is an indication that the price will go up from any moment from now. The price was $26,800 today and suddenly came back again. And my expectation of bitcoin price before the end of this year and early next year is $40k this year and $45k early next year. 

If the price of bitcoin climbed to $45k early next year then there is a possibility that the price will reach $55k to $60k early 2024.

[milewilda]

Well I am not expecting so much of a raise in price of Bitcoin. There is so much going on in the world and we are waiting for the sec to solve many court cases.

But then if I see whales stacking their coins I think maybe something big is going to happen. Michael Saylor's company MicroStrategy has now bought a additional 5,445 Bitcoin for a price of $147.3 Million. So it does give me some 'bullish' thoughts when he does this.

https://coinjournal.net/news/microstrategy-acquires-an-additional-5445-bitcoins/

Michael Saylor and his company-- MicroStrategy have always believed in Bitcoin and their belief has always paid off, and the major payoff for them would be when Bitcoin hits another all-time high this time maybe going around $100k which will surely make their stack worth lot and the company will have a huge profit out of its Bitcoin investments that it has made so far and might make in the future. They've always used the perfect market conditions.

If we talk about market conditions, I believe we won't see any major movements now in this year, the only major movement we saw was at the beginning of the year when Bitcoin went from below $19k to $31k in just a couple of months, and then it became stable there. But, we will surely see some action in the next year.

For those institutions or companies who do see the advantage of Bitcoin or having be able to be wary about its potential the gradual accumulation would really be their main priority. They are buying not in bulks but rather on gradual phases on which it might look not that affecting much but they are already stashing out coins while the price is still cheap. Yes, it is really that an advantageous thing for the entire market since recognition
of Microstrategy is there but we should really be having in mind also about the risks of those dumps on the time that they would release and sell all of their bagholdings on which it would really be causing that significant impact but since its their coins then they do have the full rights on what they would really be doing which it would really be that known that once this market hits up that new all time high then it would be the sweetest spot on securing profits and just like with other investment approach then it would really be just that normal on having that kind of plans or possible actions which you would really be making.
Expect the unexpected because market is something that cant be known on what the price movement would really be looks like in the future. This is why it would really be that wise
that you should really be taking up such step.

[TravelMug]

We are in the third quarter of the year and the year is far spent to the ending. And the price of bitcoin is still low to some extend. Though there is an indication that the price will go up from any moment from now. The price was $26,800 today and suddenly came back again. And my expectation of bitcoin price before the end of this year and early next year is $40k this year and $45k early next year. 

If the price of bitcoin climbed to $45k early next year then there is a possibility that the price will reach $55k to $60k early 2024.

It's because we are still in the last leg of the bear market, but still good to see that in the next couple of months or at least the end of the year, the price is not going to see another lowest low or there are no more negative news that will put selling pressures for everyone.

I expected to be around $40k-$50k at the end of the year, but it seems that it will not get to there. Nevertheless, still good that we are somewhat around the $26k numbers and not going for another low. So just take it easy, as the price might go on another sideway patterns till the end of 2023.

[STT]

I think sideways, continue as you were.   26111 is the current level I need price to hold as we are continually backing off from the highs but also multiple attempts to move upwards.   
   If I look for a clearer sign I would respect the higher time frames, peak prices are also in line with 50 day average.  So ideally I'm looking for that ceiling to break and our range to be something new not a repeat.    If all of that is true and 50 day average remains at our feet not above our heads I can believe in positive trending action for BTC in the remainder of this year.

[BitDane]

If the SEC complies with the request of the US congress about immediately approving the spot ETF, then we might see some recovery in this latter part of the year.  According to the news from Coindesk U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’. four members of the House of Financial Services Committee called the SEC to approve ETF application since SEC lost a court fight over the decision to reject Grayscale's spot ETF.

If the SEC listen to the call of the US House Financial Services Committee on approving spot ETF, this might hype the sentiment of the market and enable the Bitcoin price to rally even before the hype of halving take effect.

[Pierre 2]

People told in advance that 2023 will be a Bull season but since previous month we are facing regular dip in price. We know that this price will not be forever but this make individuals afraid.

I think that the price will go towards 40k$ as three months are remaining therefore your ambition should be best in rest of the year definitely it will increase. Before halving the price of bitcoin will be unquestionable hit value more than 40k$.

Actually the present dip happened because of some news about Elon musk which greatly change its price but the trust of holders was strong enough that again it hit 27k$ and will boost very soon even more than this.

But it looks like 2023 is another bear season.  I believe the rest of the year will still remain bearish since there is not enough catalyst to make the bear market turn into the bull market.  there might possibly some temporary rally during the last month of the year but I do not think it will calm down after the season.  Unless there are major events that can make the market sentiment highly positive, I do not think that there is much changes in the market for the rest of the year 2023.

Well I agree with you because Elon Musk's moves are nothing important when we consider longer term. I always find out September as very bad season for Bitcoin pricing overall so I was ready to trade to hit advantages around. I think october can be maybe little bit better but I also think there are nearly no reasons to turn this bear market into bull market. I suppose we need to wait 2-3 months more to see better results.

[taufik123]

-snip-
I always find out September as very bad season for Bitcoin pricing overall so I was ready to trade to hit advantages around. I think october can be maybe little bit better but I also think there are nearly no reasons to turn this bear market into bull market. I suppose we need to wait 2-3 months more to see better results.

Many think so, we expect to see a green market in October in accordance with past history where October has always been a reversal month that makes the market recover even if not completely.

Seeing how Bitcoin rose in September or in Q3 2023, this is Bitcoin's best performance,
whereas Bitcoin's performance from 2017 always looks down.

The hope for Bitcoin to go higher and reach a new ATH will be even greater and yes we need to see another 2-3 months or next year before the Halving occurs.
It will be the much-anticipated UPtober and hopefully a lot of positive sentiment on bitcoin to help bitcoin and the crypto market rise.

[carlfebz2]

-snip-
I always find out September as very bad season for Bitcoin pricing overall so I was ready to trade to hit advantages around. I think october can be maybe little bit better but I also think there are nearly no reasons to turn this bear market into bull market. I suppose we need to wait 2-3 months more to see better results.

Many think so, we expect to see a green market in October in accordance with past history where October has always been a reversal month that makes the market recover even if not completely.

Seeing how Bitcoin rose in September or in Q3 2023, this is Bitcoin's best performance,
whereas Bitcoin's performance from 2017 always looks down.

The hope for Bitcoin to go higher and reach a new ATH will be even greater and yes we need to see another 2-3 months or next year before the Halving occurs.
It will be the much-anticipated UPtober and hopefully a lot of positive sentiment on bitcoin to help bitcoin and the crypto market rise.

Trying to look with that recent movement.


We have already have those kind of boost up with our emotions that this might be it but now
seeing those corrections then it does tell us that it wont really be something easy.
30k barrier is really that something hard to reach or to break but lets see since we are really just that starting
of this month.

[philipma1957]

From Oct 3 to Dec 31 I see a miner’s relief rally of about 33% so 27 k to 36k should happen.

Maybe even 27k to 40k.