Bitcoin may not hit $24,750 again in 2023 - I'm bullish till 2024

[Bitcoin_people]

I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024. As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

[virasog]

Are we really sure that it's not going to? I hope your analysis is wrong because I've been slowly accumulating bitcoin and I have another upcoming big money coming and I want to make sure I'm buying a lot of bitcoin for a discounted price. But hey, if that's not going to be the case, I guess I'll just buy bitcoin in December and hope that I still get a lot of bitcoin value out of the money I'm going to get.

It's not an analysis though, we really don't know. We can even say that we won't see another lowest low, the last low we had is during the FTX drama, the price goes down hard to $15,500. But still though, there could another black swan even that could happen next month.

In any case, we will continue to accumulate no matter what. If you have chunk of money coming in then by all means buy as much as you can regarding of the price. Same with me, I remain positive that in the next 6 months I can still buy more. So we still have a lot of time.

We do not need another black swan event as this could badly affect the crypto prices and to be honest, if bitcoin reaches again below 20K, it will be the beginning of another bear run. I do not think this is going to happen.

I do not know but I feel that during the bear season, we see one bad news after the other while in the bull market, we see good events, one after the other. I do not know how it is possible or if these events are preplanned according to the sentiments and phases of the market. Though it is hard to believe still i think that everything is not transparent and there is manipulation even in the timings of the black swan events.

[Odohu]

I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024.

I was of this opinion before but for the fact that Bitcoin is heavily influenced by news, it is safer to keep an open mind. A single negative news can send the price dropping by over $10k. At present, it is not clear if the much awaited Bitcoin ETF will get approved, if that be the case, market will react rapidly heading south. This is not my expectation though but it is a safe way of approaching the market.

As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations.

[Winterfrost]

I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024. As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

I am not expecting to see Bitcoin retrace back to a price below 30k$. The is the time i am expecting Bitcoin to reach 40k even up to 45k. This is because every end of the year the price mostly foes up and if it continues this way we may still see a bullish market at the beginning of first quarter 2024 even before the next halving comes.

As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations.
[/quote]
You sound very certain that the approval of the Bitcoin ETF will bring about a positive change. Am sure of the halving but i have not yet seen any advantages that the Bitcoin ETF will bring. I'm just wondering how they will represent bitcoin and whether the price movement of the ETF will be directly linked to the real market prices on DEXs and CEXs.

[Dimitri94]

It's not an analysis though, we really don't know. We can even say that we won't see another lowest low, the last low we had is during the FTX drama, the price goes down hard to $15,500. But still though, there could another black swan even that could happen next month.

After the collapse of Luna and FTX, the market went into a long bearish trend, which resulted in the Bitcoin price falling below the all-time highs. However, there is no guarantee that such an event will not occur. Moreover, we cannot give any such guarantee on the trading platform. But a lot can be predicted on market conditions. We can definitely say in the current situation that the market will be bullish now but as the ETF approval is still pending we cannot be sure that it will be approved. So before next January we may see bearish trend in Bitcoin again which is not impossible. But the possibility of Bitcoin price down below $16000 is difficult.

[Zanab247]

Are we really sure that it's not going to? I hope your analysis is wrong because I've been slowly accumulating bitcoin and I have another upcoming big money coming and I want to make sure I'm buying a lot of bitcoin for a discounted price. But hey, if that's not going to be the case, I guess I'll just buy bitcoin in December and hope that I still get a lot of bitcoin value out of the money I'm going to get.

If you look at the way the price of BTC is running in this month of November, you will know that bear run will soon clear road for bull run to take over, and it will be difficult for $24k to occur till the price reach $80k next year for hodlers to use the opportunity to make more money from their investment. Well, there is still time to buy from the market now because the price is still low for your to buy as much you want because the price will not reduce more than the present price $37k it is in the market so that you will not regret when the price come close to $50k december.

It will be good to hodl your BTC now because, what is coming after this step the price of BTC is now, it will make those that are waiting for $20k before they can buy regret for the wrong decision they took.

[taufik123]

As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations.

And those two moments are so highly anticipated that they make the Bitcoin market very bullish and can exceed our expectations.
But there will also be some FUD coming before that happens, usually, this is only done by manipulators to be able to get a cheap price before the mega-bullish happens.

Usually, issues or FUDs in the past will be issued again to affect the stability of the Bitcoin market, and even this continues to be repeated.
Major media will spread the news.
As retail buyers, we must be aware and vigilant and not fight the swift currents created by manipulators.
Follow and Buy if the price is cheap again, don't waste the opportunity.

Bitcoin will reach the target of $100k ATH at least if we are strong enough to hold it and strong also in terms of psychology.

[BenCodie]

Always expect an anomaly.

My guess is that a country will start to liquidate their supply in order to hold it down, if anything were to happen. At the end of the day all countries are at war. The west, the east, Russia, china, US, Israel, middle east, etc. Not primarily a war of violence, but an economic war. Bitcoin is mixed into this war as well. War is not just government, it's people too. I am sure China will eventually move all wealth from BTC to Digital Yuan and cause some form of crash. Maybe even the entire BRICS ecosystem, or, the US will do it themselves. Especially considering they are having problems in their housing market (which will effect a lot of the countries they have also invested in)

I'm not 100% sure you are serious about this, but what wealth of China are you talking about when it comes to BTC? Do you even realize the total value of all BTC in circulation compared to China's GDP? No country except El Salvador has officially announced that it buys and holds BTC, and everything else is just speculation and conspiracy theories.

Do you really think that after all these years of China "Banning" cryptocurrency that they haven't been buying any themselves? In fact, do you think that el Salvador is the only one who is buying?

China is one if the countries who would never openly state their purchasing of BTC. Overall, they are a subtle country after all. Did you see their rise to economic dominance coming? No one did...that's the perfect example of their subtleness...

My point was that China would have BTC Reserves, as would the US and all other countries, which they can pull the trigger on the market at any time.

China are already doing a similar thing with the international property market. Exiting those markets and causing liquidity problems for infrastructure projects around the globe. There's no reason they wouldn't do the same to Bitcoin if they wanted to.

Let's also keep in mind that the IBTC SPOT ETF addition to the nasdaq clearing house is not an indicator that it is approved and wil l he traded. However, it's notable nonetheless.
Pessimism aside, today was a significant day

Nothing is certain until the SEC makes an official announcement, and that could be in a month or in some 4-5 months at the latest, but it is obvious that moves like this signal that something is happening in the background. If nothing else, people have begun to understand a little bit what this is about, and whether it will be something that will change the rules of the game when it comes to large investments in Bitcoin remains to be seen.

The spot ETF will be good for the price (at least in the short term), but in the long term it is not in favor of Bitcoin.

If corporations take the SEC to court, it could be another year or more away.

I'm not being pessimistic though, I already have a considerable amount of bitcoin in my wallet and I just want to add more to what I currently have because I know that the pump is getting ever closer and I want to make sure that when that happens, I am not going to be saying to myself that I should've bought more bitcoin. I don't know much about how other countries plan to release what they currently have but one thing that I am sure of is that BRICS won't be doing anything, I am pretty sure that they're all currently infighting right now so they're not going to be influencing the bitcoin market or the global market anytime soon.

Keep on HODLING!

Don't worry about the other short to medium term noise. Best case scenario it's just another buying opportunity.

[EarnOnVictor]

I'm not a fan of Fib but it still works in the market.

I encourage you to be a fan of Fibonacci because it works. I've known this tool for about 18 years and it works well especially when used on larger charts. It has worked again this time, hurray!!!

It seems that you are trying to “guarantee” us that it would not touch down $24,750 anymore. Correct me if I’m wrong though, but anything could happen without warning like another FTX level type news that would trigger the market to go down and experiencing more liquidations.

There's no guarantee in the market, we are all speculating. Simply because I called a condition doesn't mean I know the future 100%. But guess what, my regular analysis of Bitcoin is now over 95% accurate. Thanks to training and dedication. Should I now see a market scope and still be shy to call it out despite my track record? I guess not, and this is not in any way an endorsement, we are all traders and speculators after all.

If you go on by saying this is possible for the rest of the days in October then i will say you're probably right, but assuming for the rest of the year is still a long way far enough for us to say we will not experience more bearish trend than bullish may be another thing to consider, though one can phantom this from the chart for a possibility, but if you're to consider the nature of occurences in the cryptocurrency economy today, nothing can be predictable on a long run like this, we will keep on speculating more to see how this may stay base on the chart subsequent results.

If you pay attention to my chart and analyses, you will realise that the first one is for the long term, an indication that the market is heading for its much anticipated bullish run that will eventually hit the ATH again. I never predicted that it would happen this year, it's just an expression that Bitcoin is creating its bullish pattern toward the expected bull run.

But of course, the second which is the Fibonacci analysis must happen this year, and thankfully, it has happened already.

Do not follow predictions, I learnt this the hard way, I missed every opportunity in crypto because I followed what people are saying, some are intentionally misleading people for their own exit strategy, almost all the things that people said won't work in crypto ends up working

Sorry about your experience in trading, maybe you need to learn better by yourself and trade to earn conveniently all by yourself. I encourage you as this is possible, and reliance on people's analysis might not be the best since you don't know their true capacity. But for me, I pride myself on this forum that all my trading commentaries are still 100% accurate to date, that's aside from instinct plays. This is why I encourage you to also learn trading from the right sources and you might begin to see things differently.

First, let me congratulate those who bought Bitcoin late last year and in the wake of 2023, especially those who own/hold it.

thanks for congratulating mate, and yes I will still keep this coin till end of the last bull market .

I was planning to take this longer at least 2025 if the market keeps growing or maybe consider letting go half of my funds in the price i targeted at least 80k .

I congratulate you once again my friend, keep smiling to your wallet... . Frankly, there is no need to rush in this case, Bitcoin will reach the mooooon. But if at all you would liquidate your position over time, please, ensure that your technical chart guides you, let the weekly and monthly charts be bearish, that's only when you can be sure of the start of a bearish leg.

[KingsDen]

I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024. As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.

The current bitcoin chart is not showing any sign of reversal any moment. All the indications are pointing towards 40k which is very possible this year. Even 45k is also possible but I cannot tell about 50k this year, however, 50k is eminent in the first quarter of next year.

Talking about the bear market. I know that bitcoin is going to cool off from now till halving and that cooling off will be the momentum to take off for the bull run. The bitcoin price will definitely drop but I am not sure it will drop below the 30k radar.

[_BlackStar]

-snip-

The current bitcoin chart is not showing any sign of reversal any moment. All the indications are pointing towards 40k which is very possible this year. Even 45k is also possible but I cannot tell about 50k this year, however, 50k is eminent in the first quarter of next year.

Talking about the bear market. I know that bitcoin is going to cool off from now till halving and that cooling off will be the momentum to take off for the bull run. The bitcoin price will definitely drop but I am not sure it will drop below the 30k radar.

Just a few minutes ago - a correction occurred, making the price of bitcoin touch the level of $35,800. A new support level has formed and it is now time to expect a follow-up rally to test its strongest resistance at $40K. I also believe $40K is a possible price given the positive trends and rumors so far - but the possibility of failure remains.

To fall to the $30K level again then we need to get negative news that hurts the market. Large investors are starting to believe that a bitcoin ETF will soon be approved - but if it is ultimately rejected, then high volatility in the market will allow the price to drop below $30K again. Current fundamentals are still good - but I hope that won't change soon.

[tygeade]

It seems that you are trying to “guarantee” us that it would not touch down $24,750 anymore. Correct me if I’m wrong though, but anything could happen without warning like another FTX level type news that would trigger the market to go down and experiencing more liquidations.

There's no guarantee in the market, we are all speculating. Simply because I called a condition doesn't mean I know the future 100%. But guess what, my regular analysis of Bitcoin is now over 95% accurate. Thanks to training and dedication. Should I now see a market scope and still be shy to call it out despite my track record? I guess not, and this is not in any way an endorsement, we are all traders and speculators after all.

I wish people could just understand that. The predictions, the assumptions, all those made up things are fake, it's just thoughts we have, it's the analysis we make, none of the mare real. Just because I check through some data and think that it will happen like this or that, doesn't mean that it will happen that way, I could be very wrong, we do not really know what's going to happen, we just need to make sure that life is not all that simple, we need to arrange something that could change in the end.

Hopefully not everyone could end up with a life that could be all that different, we need to realize that we can't really have all kinds of different situations, we need to be careful about what we are doing and not consider our analysis like a rock solid foundation that can't be wrong. We could very well be wrong, so we need to make our analysis, but we need to be also careful about being right or wrong, we need to be making sure that things are ready for anything.

[eightdots]

It's not an analysis though, we really don't know. We can even say that we won't see another lowest low, the last low we had is during the FTX drama, the price goes down hard to $15,500. But still though, there could another black swan even that could happen next month.

After the collapse of Luna and FTX, the market went into a long bearish trend, which resulted in the Bitcoin price falling below the all-time highs. However, there is no guarantee that such an event will not occur. Moreover, we cannot give any such guarantee on the trading platform. But a lot can be predicted on market conditions. We can definitely say in the current situation that the market will be bullish now but as the ETF approval is still pending we cannot be sure that it will be approved. So before next January we may see bearish trend in Bitcoin again which is not impossible. But the possibility of Bitcoin price down below $16000 is difficult.

Anything is possible in this market. That's why you should never speak for sure. At the same time, it is necessary to keep cash in case the prices of our investments may decrease and to look for opportunities to buy at a low price. Therefore, acting with the idea that nothing is certain in the market allows for more solid action.

Just as no one predicted that the Luna and FTX incident would happen, there is a possibility that there will be other events that may happen in the future. That's why it is necessary to be careful in the crypto market.

[jasonjm]

The chance of BTC touching mid $20k in 2023 is not very bright. I think the BTC price will gradually increase to $45k at the end of this year. This is important for the BTC's next bull run. The price might see a slight dip in the first quarter of 2024, right before the BTC halving event. Afterwards, the price will surge steadily and reach a new ATH somewhere in 2025. BTC ETF approval might trigger the new ATH earlier than expected.