Bitcoin price: $35K or $45K next?

[NicNacCoin]

With price currently re-testing $42.5K high volume zone, do you think price will reach $45K or $35K first, or simply consolidate longer around $40K?

If I explain my own opinion on Bitcoin, I would say that Bitcoin will stay between $45,000 and $50,000 this week or in a few days. Bitcoin will cross $50000 before halving but we saw the market as Bitcoin reached around $49000 after the ETF approval news came out but from there it dumped back to $38555 and now the market is pumping again and from $38555 to $43700. But from here, the market may move to between $45,000 and $50,000. But the dumping that will happen after this, Bitcoin can come between $35,000 and $32,000.

[jasonjm]

Bitcoin will be retesting $45k in the coming days. $42k is the crucial support zone for BTC. If this support breaks, the BTC price will go towards $35k or below. I am looking to buy some in the $33k to $38k range. With the new BTC address on the rise, I think more investors have been buying the recent BTC dip. If BTC follows past trends, we will have 1.5 years of bullish activity.

[EarnOnVictor]

Nicely said and I don't think I can mince the word in this regard. I expect Bitcoin to first hit $45,000, that's if it will ever hit $35,000 at all in the next 2 years. From what I see about Bitcoin, it is a bullish market in the long-term disposition, halving/ETF or not, the market has already formed a bullish pattern on the larger timeframes and this will last longer than people often talk about thinking that it is all about ETF and halving. This is an asset, it has its own market psychology and once it has attracted the attention of determined investors, they do not buy and sell easily, they also hold their position for a long duration of time, and that is often what preserves the trend of markets.

First, Bitcoin had some setbacks a few weeks ago, and my reference level has been $40,243, for this, anything the price action states above or below this level is my call at this point in time, and for now, it is a bullish call. This is aside from the fact that the market is bullish in the long-term view, the $40,243 is a short-term trading scope that if again aligns with the long-term bullish outlook, then a correction might have ended and Bitcoin will resume the overall bullish trend that might not only hit and breach your level of $45,000 but also hit the year's ATH at above $49,000. Fortunately, the bullish price action is set already, so Bitcoin will continue to rise henceforth. The market has also hit the 1D Fibo level of 23.6% at $43,606 today as discussed here (https://bitcointalk.org/index.php?topic=5482334.msg63530292#msg63530292). It might take time to breach it higher but it will.

[Reatim]

We ca see in the votes result what is the pulse of Bitcointalkers and that is to break 45k and re test the week because this is what the market is showing now after a couple of days falling now  the recovery telling us about what and how will it go this quarter as  January is near to end.

prices ahead of halving if there is a price correction, buy. because after halving the price trend will continue to rise until 2025. until the new ATH in 2025 after that the price will slowly fall again to the bottom of the new valley will slowly rise again. routine and price movements when halving yes like this.

After Halving we are not sure if there will be increase or at least to break 50k , but assuming that it will be the problem is that we are still far from the 4 years cycle in which speculated coming in march or april next year.

[dragonvslinux]

When you say "consolidate" do you mean something like "stall out"?  That's one of those words I hear in the financial press all the time but never know exactly what's meant by it.

I guess you could consider it as "stalling out" for the time-being, but otherwise I consider it to be the consolidation of price change. Ie once as asset has increased by a certain amount, in this case 3x in value, it often takes time for buyers & sellers to agree that the asset is worth what it is trading for (in absence of a correction or trend reversal). Generally it means trading sideways within a certain price range.

Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges.

In any case, given that we're headed upward again and bitcoin's sitting at ~$43k as I write this, I'd have to say it's going to hit $45k sooner than it's going to drop back down to $35k.

Notably, since this analysis was posted, price has managed to work it's way through the 4hr resistance around $43K, and even closed a Daily candle back above the 50 Day MA, so I'll admit for now half of this analysis has been invalidated. I'm still under the impression that the Weekly closing highs above $44K will act as resistance, after the high voluing selling earlier in the month, but alas this might not last long either.

The only slight warning sign is that the CMF on the Daily has continued to decline in bearish territory since the recent low, highlighting more sellers than buyers within the current rally back to the upside, but on it's own that's not really enough to say that price will reverse either. Despite there be more market selling than buying with price increase, price could still none the less continue to the upside for now.

[slaman29]

Bitcoin will be retesting $45k in the coming days. $42k is the crucial support zone for BTC. If this support breaks, the BTC price will go towards $35k or below. I am looking to buy some in the $33k to $38k range. With the new BTC address on the rise, I think more investors have been buying the recent BTC dip. If BTC follows past trends, we will have 1.5 years of bullish activity.

I'm 100% expecting more months spend int 30-39k range, Bitcoin usually needs to crash a little bit around halving and that's not yet happened.

I know patterns don't have to repeat every time but I personally think this isn't about patterns but about what must happen after getting so hot for last 6 months/1 year.

What new BTC address are you talking about? Curious.

[Zigabel]

There's a good chance Bitcoin may get to the $45k before halving, recently it's been rallying around the $38k-$42k which is clear there's a support around the $38k price mark and a possible resistance at the $45k that Bitcoin is hoping to get to and possibly break because in a Long time that resistance hasn't been broken so it may want to break that resistance and stabilize around the $40k - $45k rand till halving so it will have a better range for the next volatility that will birth the next Bull run that has been most in anticipation.

Bitcoin may possibly get pass the $70k mark during the Bull run market because there have been a noticable volatility around Bitcoin price recently and this may increase much more when it's the Bull run which may have the capacity to trigger the fast rise to the $70k price mark.

[el kaka22]

Looking at the prices, 45k is right there and could happen a lot easier of course. However, the question should not be if we could go beyond 45k or not, the question should be, would we have a chance to actually make something out of this or not? I think that is the most complicated one, and it would definitely reach to a point where it would not be all that easy. I get that people are seeing this as easy task, but when we go over it, the price goes down again, that is the most important part.

This is why we should consider how the situation we have right now is not that easy and could be considered a little different, if we go over that's great but more important part is staying above, if we can do that that would be even better.

[OgNasty]

There's a good chance Bitcoin may get to the $45k before halving, recently it's been rallying around the $38k-$42k which is clear there's a support around the $38k price mark and a possible resistance at the $45k that Bitcoin is hoping to get to and possibly break because in a Long time that resistance hasn't been broken so it may want to break that resistance and stabilize around the $40k - $45k rand till halving so it will have a better range for the next volatility that will birth the next Bull run that has been most in anticipation.

Bitcoin may possibly get pass the $70k mark during the Bull run market because there have been a noticable volatility around Bitcoin price recently and this may increase much more when it's the Bull run which may have the capacity to trigger the fast rise to the $70k price mark.

I think there's more than a good chance Bitcoin hits $45K by the halving.  I wouldn't doubt it if we see $52K and possibly even a breakout if we get above that level before the halving.  The only thing that could keep us below $45K by April in my opinion would be the distribution of the mtgox coins, which could happen literally any day now.  They're currently confirming distribution information and once that is done, I'd imagine distributions would follow shortly thereafter.  It's just a matter of how long it takes to confirm everything, which could go quickly.

[Onyeeze]

Right now nobody knows if bitcoin will increase to 100,000 or to 25,000 because the price of Bitcoin right now is very surprising it differs from the higher concentration to lower concentration in which right now is unpredictable nobody knows if they falling point will continue to fall why what is doing now is retracing in order to achieve another height so the price of Bitcoin I don't think that it will reach to the appropriate prediction of people of 2024 but the market with determine if the price will soon return to it base

[Kemarit]

Right now nobody knows if bitcoin will increase to 100,000 or to 25,000 because the price of Bitcoin right now is very surprising it differs from the higher concentration to lower concentration in which right now is unpredictable nobody knows if they falling point will continue to fall why what is doing now is retracing in order to achieve another height so the price of Bitcoin I don't think that it will reach to the appropriate prediction of people of 2024 but the market with determine if the price will soon return to it base

Yes, it's really very hard to predict where the price will go, when we have the approval of ETF's everyone is shouting $50,000. But guess what? the price went to $39,000. Now, after a few days, it settled down a bit, and at the start of the week, it goes to $43,000 but then on another correction to $42,000.

It's the end of the month, so far we just had like 2% growth this month, as compare to last year wherein we have a tremendous growth of +39%.

So we will see, I definitely would love to see $45,000 next, but I wouldn't be surprised if just one negative news around, prices going back below $40,000 again.

[Dave1]

Bitcoin will be retesting $45k in the coming days. $42k is the crucial support zone for BTC. If this support breaks, the BTC price will go towards $35k or below. I am looking to buy some in the $33k to $38k range. With the new BTC address on the rise, I think more investors have been buying the recent BTC dip. If BTC follows past trends, we will have 1.5 years of bullish activity.

We are still in the support zone for now, and it seems going to hold that $42k line. We also have to understand that it's the end of the month, so maybe there are some who sell because they needed to pay some bills.

Nevertheless, looking strong going into February, and yes, I don't think that we will break apart again, and on the contrary we might see some runs at $45k in the first two weeks of the new month. And if it falls then another great opportunity to rebuy, easy as that.

[michellee]

Right now nobody knows if bitcoin will increase to 100,000 or to 25,000 because the price of Bitcoin right now is very surprising it differs from the higher concentration to lower concentration in which right now is unpredictable nobody knows if they falling point will continue to fall why what is doing now is retracing in order to achieve another height so the price of Bitcoin I don't think that it will reach to the appropriate prediction of people of 2024 but the market with determine if the price will soon return to it base

That's right. We can only predict where the Bitcoin price will move. Now, Bitcoin price is still at the $42k level and has not shown any signs of upward movement. But we can still hope that this month, there will be a minimum increase to the price of $45k.

But if there is no significant movement and the price of Bitcoin remains in the $40k-$43k range, that's okay too. We are still allowed to buy in the dip and keep it. Or we can also trade in that price range because some of my friends can make a profit now.

It will be increasingly difficult to predict Bitcoin's movements because Bitcoin is becoming increasingly popular. And many big companies are getting into cryptocurrency to take advantage of it. We are now at the end of January, and the price is still around $42k. In the next month, there will be an upward movement that can break the price of $45k. Let's just wait.

[CryptoBuds]

Predicting bitcoin price in the short-term trend is really not easy, bitcoin could drop to 38k USD and recover strongly to wipe out the liquidity of long orders. Or you can also move backwards to liquidate the short order. It is really difficult to know where it will go, but I am sure that in the medium term, bitcoin will have a recovery and increase in price before the halving. Halving is arguably the biggest catalyst to start a bull market and market makers will once again take advantage of this news to attract new participants to the market to create liquidity for them.

[Sexylizzy2813]

At this point in time I don't think anybody can predict Bitcoin price with the way it is. Today you see it moving up and the next it's going down, like it doesn't have a direction and the high expectations many people have for it this year is not what they're seeing.
To me I was expecting the price to be much higher than $45-50k+ but it hasn't gotten past $45k and keep going instead we have it dropping so fast to either $39k or $40k, is really disturbing to investors and traders. Can we ever see it get up to $50k before the halving? No one knows what to expect in the price as it is.

[8rch7]

Since dropping drastically under $39k bitcoin have good recovery but still need time raise to stable price, current highest bitcoin price today above $43,700 but easily dropping $1000 and bitcoin current price right now $42,600.
Actually difficult for predicting with bitcoin price in short or long term although have near future with halving but bitcoin still not stable price exactly since ETFs approval.
Last several days, bitcoin not has significant movement between drop or pump and stable around $42k, for short term predicting seems bitcoin movement stuck under $45k but we can't expected for long term predicting how potential moving with bitcoin price exactly when few weeks left before halving has chance create new high price?

To me I was expecting the price to be much higher than $45-50k+ but it hasn't gotten past $45k and keep going instead we have it dropping so fast to either $39k or $40k, is really disturbing to investors and traders. Can we ever see it get up to $50k before the halving? No one knows what to expect in the price as it is.

Seems need time for recovering bitcoin will raise to $45k to $50k in short term because can't stopping with bitcoin correction after raising higher price few percent and bitcoin easily go down to lower price. Have long term for bitcoin keep existing in the higher price and stable around $50k if want make highest price in the next time.

[justdimin]

At this point in time I don't think anybody can predict Bitcoin price with the way it is. Today you see it moving up and the next it's going down, like it doesn't have a direction and the high expectations many people have for it this year is not what they're seeing.
To me I was expecting the price to be much higher than $45-50k+ but it hasn't gotten past $45k and keep going instead we have it dropping so fast to either $39k or $40k, is really disturbing to investors and traders. Can we ever see it get up to $50k before the halving? No one knows what to expect in the price as it is.

I would say it is doing fine, yes it is not really going on direction and not super high like people predicted, but it is not going down neither, not a lot at least. I feel like we still have time, it's been one month and people are already expecting a lot from it, I think we should feel fine about it and not really consider it anything major.

I understand that it may feel like it could be boring at this moment but it's just one month, 2024 has another 11 months to go and as we can see even from just this month, bitcoin is a volatile thing and could move differently. So, we should consider the possibility that many things could change, and that would be a very serious situation to care about as well when the time comes, that matters.

[Sexylizzy2813]

At this point in time I don't think anybody can predict Bitcoin price with the way it is. Today you see it moving up and the next it's going down, like it doesn't have a direction and the high expectations many people have for it this year is not what they're seeing.
To me I was expecting the price to be much higher than $45-50k+ but it hasn't gotten past $45k and keep going instead we have it dropping so fast to either $39k or $40k, is really disturbing to investors and traders. Can we ever see it get up to $50k before the halving? No one knows what to expect in the price as it is.

I would say it is doing fine, yes it is not really going on direction and not super high like people predicted, but it is not going down neither, not a lot at least. I feel like we still have time, it's been one month and people are already expecting a lot from it, I think we should feel fine about it and not really consider it anything major.

Super high? No, many people (like me) expect it to be around $50k+ and the super high you talking about should be $80-100k+, the expectation hasn't gotten to that amount to me. And what do you expect from it when we're suppose to see something higher but we get to see Bitcoin price trying to go back to $30k, is not healthy in the market price and I feel some investors and traders have already started panicking about the weak movement of the price.

I understand that it may feel like it could be boring at this moment but it's just one month, 2024 has another 11 months to go and as we can see even from just this month, bitcoin is a volatile thing and could move differently. So, we should consider the possibility that many things could change, and that would be a very serious situation to care about as well when the time comes, that matters.

One month can change a lot of things, it can bring the price of Bitcoin back down to $25k and it can as well bring it up to $75k+ so people have to expect much higher price from it, the price need to go higher because we're getting close to the halving which is by the corner so any positive changes that needs to happen should happen from now.

[lepbagong]

There's a good chance Bitcoin may get to the $45k before halving, recently it's been rallying around the $38k-$42k which is clear there's a support around the $38k price mark and a possible resistance at the $45k that Bitcoin is hoping to get to and possibly break because in a Long time that resistance hasn't been broken so it may want to break that resistance and stabilize around the $40k - $45k rand till halving so it will have a better range for the next volatility that will birth the next Bull run that has been most in anticipation.

Bitcoin may possibly get pass the $70k mark during the Bull run market because there have been a noticable volatility around Bitcoin price recently and this may increase much more when it's the Bull run which may have the capacity to trigger the fast rise to the $70k price mark.

This wish can indeed come true, but is it not possible that a correction will actually occur?
If there is no correction, it is possible that before the halving, $45K could be reached, because so far the movement has been heading that way, but it seems like there is no strength to continue increasing; instead, it falls again.After the halving, I think it will soon exceed the ATH however, the influence of the ETF will, in time, provide encouragement for Bitcoin to continue to increase. Hopefully, this will be good news for the Bitcoin movement in time.

[AnonBitCoiner]

Bitcoin will go higher from current price of 42k$ to 45k$ because now the market is good but still there is no gurnatee about ups and downs as after ETF approval people was in thoughts that price will go to 50k$ but unfortunately it again reached to 39k$.

We can just assume the future price and take decision according to it but it will be describe by the future that what will happen. 35k$ is lower price and I don't think that it will again reach to such price but it is cryptocurrency which volatile market therefore take every prediction as prediction because when it fails to happen then it makes an investors disappointed.