What lies ahead for Bitcoin in the coming days?

[kryptqnick]

To be honest, I don't think we can all agree that 2023 has been a good year for Bitcoin. Was it better than 2022? I guess so, although the price in the first half of 2022 was largely higher than in 2023. In 2023, we've seen a general upward trend, but the price has been climbing up very slowly, with major setbacks, and it's still more than 40% down from the ATH point, and the year is almost over. Perhaps next year, the price will continue climbing up gradually, but that also can disappoint a lot of people if we see the price going a bit up, then down, then a little bit higher up than the last time, then down again, etc.
Nobody can predict the future, but I simply think that this general slow upward trend will continue, unless major negative events won't drive the price way down.

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[Nwada001]

You don't need to start thinking about what will happen after now, what the faith of bitcoin will be, or what the price will be at the end of the year. If you are so concerned about the safety of your money, you should not even consider investing in any volatile asset, as there is no stable price for such, and we will always experience price pumps and price dumps in a while, and that's inevitable. With or without the fuds caused by the feds, we will experience price drops at some point in the crypto market.
 
What you should be most concerned about right now is how you can make the perfect investment plan that could reduce the risk you are taking. That's if you are convinced enough that you want to invest in crypto currency, but the fear of price is what's holding you down.
 
You can use some percentage of your weekly or monthly earnings to invest in bitcoin, which you can do using the DCA strategy, which is best recommended. With 1-5% of your earnings, you can start small, and at the end of the day, without thinking about price differences and changes, you can accumulate enough bitcoin without even realising how much you have invested, so far as you won't be investing in large amounts all at once, and this way you can be less pressured over price drops as you can also consider holding for a long period of time.

[Gormicsta]

do a weekly dca of an affordable amount for a few years.

After reading the opinions and views of all the seasoned and experiencd members, all I could think of to question myself at the time was, "Why exactly didn't I consider the idea of DCA?"

That's really the most effective way to accumulate. I will have to accept the DCA idea without a doubt. Your suggestions and guidance were really beneficial; at the very least, I've fully stopped thinking about the hypothetical "WHAT IF" scenario.
Thank You

[HONDACD125]

What will happen by the end of the Year? of course it's just a few weeks before the year runs out. Will Bitcoin ever rise again in the bottom weeks of the year? Or, will it crash just like in 2022?
These are the big questions. I believe there's no way I'm the only one having these questions in my mind.

Despite the acceleration Bitcoin has taken, we cannot elude the fact that Bitcoin in the past few months has been under pressure due to the high level of inflation that's hit emerging economies such as the US and other countries.
And from what I learned the U.S. Federal Reserve has hiked the interest rates with a 25-basis point to tackle inflation issues.

Although this isn't the first time Bitcoin is experiencing this kind of pressure, it happens almost all the time.
So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?

No one can guarantee the future of Bitcoin. Professionals and experts alike are trying to predict where Bitcoin can go in the near future with their analyzes and predictions. However, we all know that after every bull season comes bear season, and every bear season is followed by bull season. As the price of Bitcoin seems to be on the rise, it is easy to predict that the price of Bitcoin will soon hit $40k in the next few weeks.

I think Bitcoin may come down for another test, and touch $31k or $32k, but it is unlikely to crash like in 2022. There is very little time left for Bitcoin to halve. After that, if we look at the history, Bitcoin is likely to get a big pump. So don't worry too much, Bitcoin prices are still likely to rise in the final weeks of this year if the ETF is approved. The new year will undoubtedly be a good year for Bitcoin as well. There might be a small dump before the halving, but Bitcoin probably won't look back after that.

[Gormicsta]

Bitcoin prices are still likely to rise in the final weeks of this year if the ETF is approved. The new year will undoubtedly be a good year for Bitcoin as well. There might be a small dump before the halving, but Bitcoin probably won't look back after that.

Thank you very much, that was really helpful and reassuring too.

[taufik123]

-snip-
I think Bitcoin may come down for another test, and touch $31k or $32k, but it is unlikely to crash like in 2022. There is very little time left for Bitcoin to halve. After that, if we look at the history, Bitcoin is likely to get a big pump. So don't worry too much, Bitcoin prices are still likely to rise in the final weeks of this year if the ETF is approved. The new year will undoubtedly be a good year for Bitcoin as well. There might be a small dump before the halving, but Bitcoin probably won't look back after that.

Bitcoin's price drop to $31k-$32k is a natural thing because Bitcoin also needs a correction to prepare for an increase to a higher price.

If Support remains strong to withstand all kinds of shocks that will occur, Bitcoin will reach the highest level this month and after that, we will also face the Discount Crypto Market in December, namely "BlackFriday" which we know as a bearish month.

This could be an opportunity to buy at a lower price before entering the new year 2024 with the Halving moment which will provide high profits.
So buy and hold when there is a good opportunity to buy back.

[AHOYBRAUSE]

-snip-
I think Bitcoin may come down for another test, and touch $31k or $32k, but it is unlikely to crash like in 2022. There is very little time left for Bitcoin to halve. After that, if we look at the history, Bitcoin is likely to get a big pump. So don't worry too much, Bitcoin prices are still likely to rise in the final weeks of this year if the ETF is approved. The new year will undoubtedly be a good year for Bitcoin as well. There might be a small dump before the halving, but Bitcoin probably won't look back after that.

Bitcoin's price drop to $31k-$32k is a natural thing because Bitcoin also needs a correction to prepare for an increase to a higher price.

If Support remains strong to withstand all kinds of shocks that will occur, Bitcoin will reach the highest level this month and after that, we will also face the Discount Crypto Market in December, namely "BlackFriday" which we know as a bearish month.

This could be an opportunity to buy at a lower price before entering the new year 2024 with the Halving moment which will provide high profits.
So buy and hold when there is a good opportunity to buy back.

Well, this seems reasonable since some people want to cash out some winnings.
! thing might play into a not so strong dip after the rise, the high transaction fees at the moment.
Right now you have to pay a ridiculous 200 sat/h to get a confirmation in the next block, that's just awful.
This might stop people from selling smaller amounts since it's not worth it when having to spend so much in fees for 1 or 2 simple transactions.

Of course the fees are still a problem and this needs to be fixed asap.
Even 2-3 months ago, when the mempool was super congested with over 600k in uncornfirmed transactions the fee was always at a reasonable max 30sat/b. Now with a pool of only 200k transactions we see 7x that fee. 

[amishmanish]

The whole crypto industry has weathered quite a storm in the form of the bear market as well as the FTX scandal. Post that, the market is certainly buoyed by the chances of an ETF approval and Blackrock also deciding to jump in.

Ethereum has also spiked a few hours ago due to a similar announcement by blackrock about Ethereum.

In the coming days, it will be interesting to see how the growth rate plays out between Ethereum and Bitcoin. In earlier times, considering the overall marketcap and public interest; BTC was always king. Now BTC and ETH have diverged and have two different use cases and philosophies behind them. It will be pretty interesting to see the growth rates between the two.

Another important development that seems to be coming up is the closure of the bitcoin-dev mailing list.. Essentially, all the cool discussions that happen on that geeky interface will go away. The options being discussed are things like google group and it may even end up being the forum.

[ZAINmalik75]

Bitcoin will not crash like in 2022 because back then there was a lot going on, like the crash of the FTX exchange and other scrutiny cases from the SEC against other exchanges, but now the SEC is supporting BTC and they might approve the ETFs. If it happens, then there is no chance that the BTC market could crash like in 2022, and technically, that was already a bear trend and nothing was new there. Even if the crash of the FTX exchange was unexpected, the price downfall was not.

How can you say that BTC was under pressure due to inflation? In my opinion, inflation has no bad effect on the market, instead, it has a good effect. For example, we all know BTC is a hedge against inflation, so people who are being pressed by inflation tend to find an alternative to store their assets to avoid the eroding of their funds. Which increased the trading volume of BTC and its price too.

In my opinion, the BTC market can reach around $40k at the end of November or might cross $45k by December, but this all depends on the news and good improvements, and what are the sentiments of the users. If they are bullish, then BTC is bullish, otherwise, it is not.

[Dr.Bitcoin_Strange]

We actually cannot look into the future or travel in time to know what the future is going to look like. There's a particular thing that people do concerning Bitcoin, which is, if the price is falling, then you see some people saying some bad word about Bitcoin, and when the price is becoming bullish again, they begin to talk good again. Based on my speculation some time ago, I said Bitcoin was going to hit $45k–$50k towards the end of the year, although at that time it looked as if the price was not going to even get to $35k before the year ended, but now we are approaching $40k, and I believe even if we don't get to $50k, the price might not drop below $30k before the end of the year.

[MarjorieZimmermanGinger]

We can all agree that the starting of this year 2023 has been extremely good for Bitcoin and a few other Cryptocurrencies unlike last year 2022 that Bitcoin had an epileptic run and was literally struggling, making lots of people think twice about still choosing Bitcoin as their choice of investment.

For some people who are new to bitcoin, they might think twice about choosing it as an investment option during a sharp decline in the market like in the year you mentioned. But for people who have been involved in it for a long time, a sharp decline is an opportunity for them to accumulate purchases in relatively larger amounts, that is the difference between the two in seeing the opportunity and potential in bitcoin.

Although this isn't the first time Bitcoin is experiencing this kind of pressure, it happens almost all the time.
So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?

If someone understands the journey of bitcoin, then this is not a big problem because two things will always happen to bitcoin, both decreasing and increasing in a certain period. For the last few days, Bitcoin has experienced a significant price increase compared to the previous month and there may be several factors that influence Bitcoin to increase more than its previous price. I am still quite optimistic that the halving is getting closer and although in the next few months this year will be corrected again.

[Kelward]

What I think about the outcome of bitcoin for the remaining of the year, well i don't see any much change from what we have on ground now. Although anything can happen in the space of one month, but all things being equal it'll be business as usual with small fluctuations. I think that the focus should be more on next year, when we'll be sure that halving will happen, and if you put past events after halving, it should give you the answer. ATH followed by massive bull run from the speculations that I'm getting, of course the analyses can turn out wrong, but given the precedence of bitcoin, we should be hopeful of cashing in on investment, anytime during or after next year.

Investments in crypocurrencies are risky, that is a fact that we have to keep in mind, so price pump and dump is to be expected, and it shouldn't be a source of worry to you. No matter how dip that price will be in the bear run, bull run will eventually override it. This is why bitcoin price has been appreciating since it's creation till now.

[salad daging]

I don't have a crystal ball that can guess the future. Those are the words that ask me about the future of bitcoin. hahaha.

Maybe you have doubts about entering into bitcoin investment so that there are always shadows in the mind of how the price of bitcoin in the future will go down or up because of the pressure that has been seen so far, because the bitcoin cycle is like that there is always pressure and comparisons from other news that cause you to lack confidence when you see that pressure on bitcoin.

The only way is to never think about excessive negativity while prices are still low then invest as soon as possible because if bitcoin has gone up you will regret it later, I also did DCA a few years ago with a little money in input, with the consistency of what I am doing now the portfolio is growing in addition to now the price has risen above $35K.

What will happen next year is - halving event - bitcoin will be bullish. that's my assumption in bitcoin.

[wallet4bitcoin]

No one can know the future, but unless a very flawed error occurs, Bitcoin will maintain a market value and thus a price higher than zero due to scarcity of supply and increased demand, but far from pessimism and caution against excessive optimism, we can say that at least the price of Bitcoin will reach 70,000 2021ATH, even if this were possible. It is an opportunity to easily double your investment.
I do not want to be too optimistic and tell you that the price will be above 100 thousand, but in every investment, base your profits on what is expected by a large percentage.

Bitcoin has seen the most in its quest for another all time high, too much anticipation from maximalist has always kept them disappointed and confused. I know and trust Bitcoin to get to points beyond $100k but when this will come through is what one can not easily say. I'll advice we always keep the numbers within a reasonable reach and hope for the best.

[Mpamaegbu]

Hi everyone.
We can all agree that the starting of this year 2023 has been extremely good for Bitcoin and a few other Cryptocurrencies unlike last year 2022 that Bitcoin had an epileptic run and was literally struggling, making lots of people think twice about still choosing Bitcoin as their choice of investment.

Yes, I must confess that the first quarters of this year really astonished me on what Bitcoin was able to do. I actually wasn't expecting the type of price level it maintained. I expected price to pick in the last quarters as that's what should be expected close to a halving year. Bitcoin started its great form in 2023 earlier than expected. As for the bearishness you witnessed in 2022, it was expected. Price always slump a year after every ATH. 2021 was the ATH which peaked at $68k+. It's the same bearish scenario I expect will play out in 2026.

I remember being in a Facebook group where people were debating if Bitcoin would ever recover or if that was in fact the end of the world biggest Cryptocurrency Bitcoin.

Avoid Facebook for your peace of mind if you're into Bitcoin or cryptos. The comments there are larger than life, whether on FOMO or on FUD.

[Youngkhngdiddy]

What I think about the outcome of bitcoin for the remaining of the year, well i don't see any much change from what we have on ground now. Although anything can happen in the space of one month, but all things being equal it'll be business as usual with small fluctuations. I think that the focus should be more on next year, when we'll be sure that halving will happen, and if you put past events after halving, it should give you the answer. ATH followed by massive bull run from the speculations that I'm getting, of course the analyses can turn out wrong, but given the precedence of bitcoin, we should be hopeful of cashing in on investment, anytime during or after next year.

Investments in crypocurrencies are risky, that is a fact that we have to keep in mind, so price pump and dump is to be expected, and it shouldn't be a source of worry to you. No matter how dip that price will be in the bear run, bull run will eventually override it. This is why bitcoin price has been appreciating since it's creation till now.

  What makes bitcoin special is the fact that the only way it can cease to exist is if we, the people, don’t want it anymore. What makes bitcoin a revolutionary once in a lifetime idea is the fact that if we, the people, want it - then nothing can stop it. Many experts predict the price of Bitcoin will be upwards of $100,000 in 3 years. Other, in the second quarter, the price of Bitcoin is expected to trade between $44, 967.078 and $68,884.958. The price is expected to average $54000 in May and $55,107.967 in June.
   Then, you need to see, if you have a certain amount of money you can afford to lose. If you don’t, then investing in anything isn’t worth. It’s supposed to be a nice pay off in the future, not putting you in a risk of losing your money. I’d say, if you get how it works, go smart and safe, you can go far and it’s worth a shot. In the end of the day, a lot of people think that Crypto is great for putting your money in.

[blckhawk]

I think, the price of Bitcoin will hit higher more than what we are experiencing from the crypto market now, that made the price to change to another level to change the mind of those that said bullish season will not appear before the end of this year 2023.

Well, that's obviously going to happen so it's only a matter of time what happens next, so it's in our best interest to just continue accumulating more bitcoin as much as possible. I have to disagree with you about this one though, this isn't the bullrun yet per se. It's more of a combination of historical price expectation, halving anticipation, and the expectations of the market on the ETF decisions so don't be discouraged yet not buying now because it's not the highest peak nor the start of bullish season yet.

[Cryptomultiplier]

Hi everyone.
We can all agree that the starting of this year 2023 has been extremely good for Bitcoin and a few other Cryptocurrencies unlike last year 2022 that Bitcoin had an epileptic run and was literally struggling, making lots of people think twice about still choosing Bitcoin as their choice of investment.

Yes, I must confess that the first quarters of this year really astonished me on what Bitcoin was able to do. I actually wasn't expecting the type of price level it maintained. I expected price to pick in the last quarters as that's what should be expected close to a halving year. Bitcoin started its great form in 2023 earlier than expected. As for the bearishness you witnessed in 2022, it was expected. Price always slump a year after every ATH. 2021 was the ATH which peaked at $68k+. It's the same bearish scenario I expect will play out in 2026.

I remember being in a Facebook group where people were debating if Bitcoin would ever recover or if that was in fact the end of the world biggest Cryptocurrency Bitcoin.

Avoid Facebook for your peace of mind if you're into Bitcoin or cryptos. The comments there are larger than life, whether on FOMO or on FUD.

I would like to think that what has been most outstanding about BTC is thale fact that it still remains more stable with only as little as loss during trading.
Still, the halving in the first quarter of 2024, is the most anticipated event ahead and am sure the impact would be of much benefit to those who have started DCA strategy of investment for quite a while overlooking the expected halving and bullish seasons after it.

[Ale88]

Although this isn't the first time Bitcoin is experiencing this kind of pressure, it happens almost all the time.
So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?

Personal opinion: I really don't care at all about what is going to happen to bitcoin in the next weeks, the next weeks is not a time frame, is just playing some game. If you are seriously into bitcoin you know we are here for the long run, and that means years, not weeks, so whatever is going to happen counts less than zero because in the long run it'll keep going up.

[TimeTeller]

I think, the price of Bitcoin will hit higher more than what we are experiencing from the crypto market now, that made the price to change to another level to change the mind of those that said bullish season will not appear before the end of this year 2023.

Well, that's obviously going to happen so it's only a matter of time what happens next, so it's in our best interest to just continue accumulating more bitcoin as much as possible. I have to disagree with you about this one though, this isn't the bullrun yet per se. It's more of a combination of historical price expectation, halving anticipation, and the expectations of the market on the ETF decisions so don't be discouraged yet not buying now because it's not the highest peak nor the start of bullish season yet.

If you have strong belief about this possibility, then start collecting more satoshis if you have extra funds to use.
Because such positive prediction will only matter if you have your own stash when the price starts to increase.
As we are seeing these days, we finally see the 30k level again and it seems 40k is in the horizon.