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

[GreatArkansas]

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Even during bull season, there will be small incidents that cause the bitcoin price to correct, so we should not be surprised if there are events that cause the bitcoin price to drop between now and the halving. But I believe the main trend of the market will still be an uptrend. Bitcoin may be correct but will soon recover and continue to increase. That's what's happening this year and things will continue that way until the bulls arrive.

Yes, bitcoin has gone high and I agree with the OP, we are unlikely to drop below $24k again. Things changed for the better when bitcoin crossed $30K.

I never again expected the price of bitcoin to fall back to the $25k level after it broke through the $35k resistance this month. Of course bullishness is more expected than a correction or bearishness in the rest of the year, but both should absolutely not be ignored considering that it is always possible to see a correction and test new support levels.

There is high confidence about $40k to $50k by the end of the year, of course that is a very realistic price to expect after seeing how quickly prices recovered at the end of October. We'll go to $36k, $37k and $40k, of course that's the hope.

Let's say we will never dump again in below $30,000 again until this year. But what if next year, when most of the ETF deadlines will happen and there's no one ETF will get approved? I believe the price of Bitcoin will react. The question now is how dip we will get just incase for that? Below $25,000? For me, it depends on the price of Bitcoin in the future when these things will happen.

[michellee]

Let's hope what @OP hopes for happens. If it survives until next year, we should feel happy because Bitcoin could have a chance to rise again next year. But there is no guarantee that the price can remain at the current level because today's correction caused Bitcoin to experience a decline of several hundred dollars.

We also need to find out how long this correction will last, especially since we are only in the middle of the week. Usually, a correction will come at the weekend so we can get ready to buy more.

But no matter what happens in the market, if the price has yet to reach above $50k, it is still a good price to buy Bitcoin. I'm still waiting for a while to see where the Bitcoin price moves to know when I can buy.

I don't see any correction though, on the other hand, the bullish momentum continues to $35k. I guess even if there is fake news that push the market, it seems that investors are not going to sell right now. So as we break the $35k barrier, we will be looking on the next target which is $38k. If we did break it this month or at least November, then possible that we might reach $50k at the end of the year.

And this is what the OP has seeing based on his charts, we have a break out Fibonacci and it could linger till the end of the year. Although he said that $35,865, the highest we go so far is $35,150 which is very close to his prediction.

A correction occurs when the price decreases from a temporary high. And now it looks like it's still happening but there's a reversal that still wants the price to keep rising and get above $34,500 or so. Long-term investors will obviously not sell their Bitcoin at the current price but will buy more.

Let's hope $35k breaks in the near future and can stay there until the end of the month. And in the next month, Bitcoin price could strengthen again and get an upward push. Let's hope it's true that the price will reach $50k by the end of the year.

But whatever happens, we should remain alert and prepare some money to buy Bitcoin. A flash dump may come quickly and then escalate to return to the previous price. Moreover, the market is now at the weekend when there is usually a correction in the market.

[philipma1957]

The Bitcoin market this week posted the highest growth we've seen in 2023. Where compared to other months, this month of October has seen the most bulls and prices have increased rapidly. Since in 2023 we see Bitcoin price at $35000, we can expect Bitcoin to basically hit $40000 by the end of this year. As the Bitcoin market has seen a lot of growth over time, we certainly expect to see more Bitcoin price lows this year. And the Bitcoin market in 2024 I expect the price of Bitcoin to reach $60k dollars and later when Bitcoin is halved then its price will increase relatively. A bull market will start after the bitcoin halving, and then the bitcoin market will reach higher highs.

I want 45-48k by dec 31 2023. I think it is possible. would be nice for me.

[tygeade]

It's not just you, many people don't want bitcoin to drop back to $25k, but there are still some people who are expecting it. Those are people who haven't accumulated a lot of bitcoin because they think the market will have another big drop and bitcoin will drop to $15k. But I think they will soon be disappointed after seeing what has happened in the past few days. But you're right, we also have no guarantees that bitcoin will no longer drop below $25k.

I was pessimistic about the $40K goal by the end of the year but with everything going on, I think it's achievable.

Just because you are late and you regret not buying enough before you see it increase doesn't mean that you are going to be right. I think it should be noted that we can't really make a huge difference to the market right now and that can't really be the reason for it.

I think it should be noted that we are going to end up with a good return one way or another and that could be the case for the long term. I know that it may cause some changes here and there but we need to realize that life is not all that simple neither. If they are late, then they are late and we can't do anything about it, market will not fall once more just so they would buy some more, and by all means, if it drops, they would probably wait for it to drop even more before buying anyway.

[Alpha Marine]

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 intend to to HODL the Bitcoin you want to buy for a long time then I'd say you can go ahead and buy. The price of Bitcoin now is around 33k and I have always speculated that Bitcoin will reach $35k to 40k before the end of the year. I agree with OP that Bitcoin won't see $24k again this year but that doesn't discourage you from buying.
If you intend to HODL then you might still make a lot of profit after Bitcoin halving next year. Hodlng Bitcoin for a long time is a great investment.

It's all speculation, nothing is certain. Bitcoin might drop to $20k before the end of the year or get to $40k, we never really know so if you're hodling just buy it when you want. It's best to buy the dip, but if you keep waiting for the dip, you might end up buying at a higher price.

[Jating]

The Bitcoin market this week posted the highest growth we've seen in 2023. Where compared to other months, this month of October has seen the most bulls and prices have increased rapidly. Since in 2023 we see Bitcoin price at $35000, we can expect Bitcoin to basically hit $40000 by the end of this year. As the Bitcoin market has seen a lot of growth over time, we certainly expect to see more Bitcoin price lows this year. And the Bitcoin market in 2024 I expect the price of Bitcoin to reach $60k dollars and later when Bitcoin is halved then its price will increase relatively. A bull market will start after the bitcoin halving, and then the bitcoin market will reach higher highs.

I want 45-48k by dec 31 2023. I think it is possible. would be nice for me.

I think that is the target price for the majority of us, at least $40k-$50k at the end of the year will really be nice. And we are still moving in that direction though, currently $33k-$35k, and then when we have a break out run then in the next couple of months $40k-$50k, so let's see.

Not sure though what will be the bullish news to push the market, it's too early to look for the Bitcoin Spot ETF as the source of positive news. It might be better, if by chance the approval will happen next year to coincide with block halving and then the eventual bull run. Just need some patience as we are looking for at least $100k at the all time high, so pretty much very excited for next year.

[Hamphser]

The Bitcoin market this week posted the highest growth we've seen in 2023. Where compared to other months, this month of October has seen the most bulls and prices have increased rapidly. Since in 2023 we see Bitcoin price at $35000, we can expect Bitcoin to basically hit $40000 by the end of this year. As the Bitcoin market has seen a lot of growth over time, we certainly expect to see more Bitcoin price lows this year. And the Bitcoin market in 2024 I expect the price of Bitcoin to reach $60k dollars and later when Bitcoin is halved then its price will increase relatively. A bull market will start after the bitcoin halving, and then the bitcoin market will reach higher highs.

I want 45-48k by dec 31 2023. I think it is possible. would be nice for me.

I think that is the target price for the majority of us, at least $40k-$50k at the end of the year will really be nice. And we are still moving in that direction though, currently $33k-$35k, and then when we have a break out run then in the next couple of months $40k-$50k, so let's see.

Not sure though what will be the bullish news to push the market, it's too early to look for the Bitcoin Spot ETF as the source of positive news. It might be better, if by chance the approval will happen next year to coincide with block halving and then the eventual bull run. Just need some patience as we are looking for at least $100k at the all time high, so pretty much very excited for next year.

No one really knows on what would gonna happen which considering that the market could really be easily to face up some issues which would drag down the price into those levels that we arent anticipating that it would really be that going low. So far we are really that holding well on 33-34k price which it seems that 35k would really be a tough resistance to be broken but doesnt mean that we wont really be able to do so yet most likely we would be able to reach up 40k+ for this year which it seems that it is really that a realistic approach rather than into those speculations in speaking about 1 million per coin or 500k which it is really that a delusional kind of approach. As we are fast approaching on bitcoin laving then expect that there would really be always those unexpected movements or events that would be encountered along the
way and its never been that something new and this is why each of us does have that different approach and actions that do make out because this market is always been that unpredictable.

[mich]

Well I think the year 2024 will be times for new all time highs for Bitcoin. After the halving and we are going to see 'bullish' signs and we will be rewarded with profit.

The digital assets financial services platform Matrixport thinks Bitcoin price will be $125,000 in 2024. https://cryptopotato.com/matrixport-says-bitcoin-is-in-its-fifth-bull-market-could-bitcoin-minetrix-also-be-poised-to-explode/

[Z390]

All these are basically predictions, either Bitcoin pumps or dump are you in a position to take advantage of the market? If yes then you did well for yourself because honestly no one knows what will come up tomorrow,  good or bad it's not going to stay forever, I took some profit after Bitcoin makes it way to 35,100 value, I believe there will be some retreacement and if I am wrong I still have some big bags of Bitcoin anyways, I believe there is nothing wrong in taking little profits, but if you have the money you can just concentrate on dollar cost average every week.

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, that includes a few numbers of good crypto projects, let your mind works for you, do your own research and if mistake comes you learn a lesson, this will reshape you for the better, compare to blindly following someone predictions.

If Bitcoin dumps have a plan of buying more and make sure you hold your Bitcoin and keep prepepaing for possible bad news or even tighter recessions, something might happen to use against Bitcoin holder so that they can dump their Bitcoin, but believe me its a trick to steal your Bitcoin from you at lower prices.

[Jegileman]

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’ve been accumulating, you don’t have much of a problem now again. The price you’re expecting it to come down to may not be realistic again, you just have to buy at the current price it will be when you have the money with you. That could be the lowest price you’ll get it at that time, don’t miss the opportunity of not buying at that price again because of your expectations of having a lower price than that. We all know that, irrespective of the market conditions, bitcoin price will rise in the year 2024.

[adultcrypto]

I want 45-48k by dec 31 2023. I think it is possible. would be nice for me.

Saw one of your comments where you analysed similarities between the present market condition and 2015/2016 scenario.  I think you are very correct and going by that, $45-48k is feasible by December ending. If that happens, then we might not see price below 30k again for a long time.

If it also happens that the Bitcoin ETF got approved by January 2024, then all is set to test rhe present ATH before the halving in April. These are projections that are base on probability,  so we should not take them as investment advice.

[Chato1977]

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 .

[jeraldskie11]

A weekly chart Fibonacci analysis might have hinted at the bullish trend as well. Fibonacci prevented the market from buying for several weeks, but eventually last week, Bitcoin prevailed as it breached the weekly chart Fibo level of 23.6% at $27,952 and even had a close above the level. This, coupled with the bullish price action above the level, I believe Bitcoin could hit the Fibo level of 38.2% at $35,865 over time. This is what it would be determined to achieve in the remaining months of this year as it shies away from the prominent lower levels hit this year.

I'm not a fan of Fib but it still works in the market. There is another reason why the price reaches to such level. We can also see the FVG at 38.2 Fib, which is also one of the areas that the market can go to because the market always seeks liquidity to fuel the price into the opposite direction. Apart from that, we also see resistance levels on that area. So if we combine them all, the probability that the price will go to that level will increase. The more confluences, the more chances.

[Nrcewker]

Definitely there is no way that Bitcoins will fall that much low in this year. Moreover I guess Bitcoins will keep on moving up. The reason why I am so confident because, we have seen Bitcoins follow a 4 year cycle pattern and 2024 is the 4th year for Bitcoins to reach new ATH price. We are now close to 2024, so definitely from now it won’t fall down. I am not saying that the bull market started, but yes, now Bitcoins are looking very strong atleast.

[Woodie]

I think we aren't in the clear just yet because the distance between 33k and 24k isn't much for us to say never for 2023, and the fact that we have seen price drop over 5K in a blink of an eye several times in Bitcoins life span shouldn't give us the confidence to be cocky. Btw if price can go up by 5K then it can pretty much go down 5K too, but hoping it stays in the green as we come to the end of the year.

This chart is on the monthly and the anticipated move can actually take years to go back up should it start consolidating or anything in those lines, but with the halving, ETF approval in the pipeline we could see some huge green candles to record a new all time high.

[Fivestar4everMVP]

Definitely there is no way that Bitcoins will fall that much low in this year. Moreover I guess Bitcoins will keep on moving up. The reason why I am so confident because, we have seen Bitcoins follow a 4 year cycle pattern and 2024 is the 4th year for Bitcoins to reach new ATH price. We are now close to 2024, so definitely from now it won’t fall down. I am not saying that the bull market started, but yes, now Bitcoins are looking very strong atleast.

Well, I have to agree with you, with all the current developments in crypto, like the coming halving which you mentioned, and the current specifications about bitcoin ETF being approved by the US security and exchange commission (SEC), which I personally believe have been the major catalyst driving the current bullish momentum in bitcoin and some other  major cryptocurrencies, the chances that bitcoin will back down to even $25,000 this year again is very slim.

And besides, we just less than 80 days before this year runs out, i am not going to say that there is no chance at all for the price of bitcoin to fall back to that price level, but like I said before, the chances of such happening is very slim.

[milewilda]

I think we aren't in the clear just yet because the distance between 33k and 24k isn't much for us to say never for 2023, and the fact that we have seen price drop over 5K in a blink of an eye several times in Bitcoins life span shouldn't give us the confidence to be cocky. Btw if price can go up by 5K then it can pretty much go down 5K too, but hoping it stays in the green as we come to the end of the year.

This chart is on the monthly and the anticipated move can actually take years to go back up should it start consolidating or anything in those lines, but with the halving, ETF approval in the pipeline we could see some huge green candles to record a new all time high.

All the possibilities are there on which its never been ideal on making yourself that confident that the market wont really be making out some fast dumps just like on what it did when it pumped +5k easily.
Basing up on the image then seeing into those candle stick pattern and trend line then it do really shows that it would be taking up long for it to make such upward movement or simply with recovery but we know that
this market is really that highly reactive when it comes to news or fundamentals on which it would really be just that might that changed up the overall impression into those people who had been anticipating for something that it might follow to those kind of patterns which we know that there would really be no assurance to that.

We are gradually heading now to halving event on which we should really be expecting that more news and events that could happen along the way on which it would really be that determining
on what would be the market trend as we do go fast forward ahead. Its inevitable but its better to take up positions before it would be late or been leaved by the train.
This isnt something that we do like to happen. Arent we?

[JoyMarsha]

The bullish trend from the end of October till the beginning of November made me realize that we are not going to see a declining movement of bitcoin that will hit the price of bitcoin below $25k again.

Lucky are those people who bought bitcoin when it was $25k and are still holding it till now. The uptrend movement of bitcoin has started this November. I wonder what will make it fall to the $25k, that so many of us do not want to see such a price again, we are even aiming for a higher price of $40k upwards before the end of the month.

[AmoreJaz]

The bullish trend from the end of October till the beginning of November made me realize that we are not going to see a declining movement of bitcoin that will hit the price of bitcoin below $25k again.

Lucky are those people who bought bitcoin when it was $25k and are still holding it till now. The uptrend movement of bitcoin has started this November. I wonder what will make it fall to the $25k, that so many of us do not want to see such a price again, we are even aiming for a higher price of $40k upwards before the end of the month.

but when btc was way below 24k and the market was bloody red, people were hesitant to stash btc because they were afraid that it may continue to go down.
well, that's the feeling of most users. they will only appreciate this market once it is heading to the positive direction.
as we don't know what other happenings will come in the next coming months, seems that we are in for a treat as we overcome the 30k level and the vibe is still positive in this market.

[Dave1]

The bullish trend from the end of October till the beginning of November made me realize that we are not going to see a declining movement of bitcoin that will hit the price of bitcoin below $25k again.

Lucky are those people who bought bitcoin when it was $25k and are still holding it till now. The uptrend movement of bitcoin has started this November. I wonder what will make it fall to the $25k, that so many of us do not want to see such a price again, we are even aiming for a higher price of $40k upwards before the end of the month.

but when btc was way below 24k and the market was bloody red, people were hesitant to stash btc because they were afraid that it may continue to go down.
well, that's the feeling of most users. they will only appreciate this market once it is heading to the positive direction.
as we don't know what other happenings will come in the next coming months, seems that we are in for a treat as we overcome the 30k level and the vibe is still positive in this market.

Well it's two fold, there are "smart investors" who continue to accumulate when the price is below because they know that it is a the best opportunity to buy. For those who are afraid or shall we say waiting for the price to go down, then it's their fault though. That's why it's advisable to not really wait for the price to dip because it might not happen.

So if we have that capital,  I will say just to continue buy bitcoin regardless of the price.

And if you are looking for long term, then that is also good as you will really make a lot of profit if you are going to sell it at the bull run next year.