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

[coolcoinz]

I'm bullish for the halving. We'll most likely continue to go up with bigger or smaller corrections, depending on the news and how much GBTC decides to unload.
We depend on the news right now and the general trend is up, but may face significant resistance if the media decide to manipulate the market, the way they did it before the approval of ETFs by the SEC.

I'm sure we'll be above 50k after the halving, but it may happen that we'll go there next month. Nobody knows, but what you should be aware of is that we're above the 200 WMA and even a fall to 32k would still be a sign that we're in a bull market. We'd have to fall below 30k for bitcoin to look weak, so we're on the right track to the new ATH.

[DaNNy001]

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I'm sure we'll be above 50k after the halving, but it may happen that we'll go there next month. Nobody knows, but what you should be aware of is that we're above the 200 WMA and even a fall to 32k would still be a sign that we're in a bull market. We'd have to fall below 30k for bitcoin to look weak, so we're on the right track to the new ATH.

The ATH to come is what everyone is watchful about now but it's not going to be as easy as many people see it to be because the market is really unpredictable and no one and I mean absolutely no one knows it to the fullest and thats the beauty of Bitcoin. We all draw our conclusion from past events and speculation sighting to what maybe and what not so expecting Bitcoin to touch 50k isn't really certain, for me I think this current market will prove alot harder to break past although the price is lingering aroused but there is every certainty that a free fall may happen.

[STT]

Somehow this question is far harder then it should be, any other prices we'd already have a question answered but the continual ping pong in prices repeats the dilemma every day without progression or indication apparently.


Lows are the weekly average on the 4hr bar the high prices are the same price we've held for like 2 months now bar a brief blip up for 4 days  near start of January.
  I do think the vice is tightening, the moving averages are converging which suggests we find a resolution in either direction or dance along an ever finer razor blade till we slip or jump higher.  Today we end the day above the 50 day average, yesterday we lost it but not conclusively apparently.

[Nothingtodo]

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

[kotajikikox]

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

Well I'm not sure who are those people that you called expecting price to reach 50k before halving because we all knew that Bitcoin and the whole market is suffering from dumping when halving is nearing so I think you missed that part.

Somehow this question is far harder then it should be, any other prices we'd already have a question answered but the continual ping pong in prices repeats the dilemma every day without progression or indication apparently.

can't even stay in 43k that long , instead keeping to goes up and down things that make me believe that this will be the trend till after halving.

[rodskee]

I don't know if we could break 45k now because it looks like getting harder to even reach 44k
again , while 38k is the lowest recently and we are turning into what will really happen, but for me as
holder I am ready to what will ever happen , if the price will keep its position then its fine but if the
price drops to 35k then this is much better for me because I can accumulate more again .

[2Pizza410000BTC]

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 were to make my own predictions on the Bitcoin price test, I would say that Bitcoin could be between $45,000 and $50,000 in a few days. We see Bitcoin currently hovering between $42,000 and $43,000. As our next bitcoin halving is near, the market will go up a bit before the bitcoin halving and the market will dump a lot before the bitcoin halving. So it's pretty safe to say that Bitcoin will be between $45,000 and $50,000 in a few days and may go back to $32,000 to $35,000 before Bitcoin halving. But that's not the point here, those who are waiting to invest can invest and if you think to invest from the bottom then of course you can wait for a long time. Also if you invest using DCA method without market analysis then it will be the best investment method.

[tengui]

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

[coolcoinz]

The ATH to come is what everyone is watchful about now but it's not going to be as easy as many people see it to be because the market is really unpredictable and no one and I mean absolutely no one knows it to the fullest and thats the beauty of Bitcoin. We all draw our conclusion from past events and speculation sighting to what maybe and what not so expecting Bitcoin to touch 50k isn't really certain, for me I think this current market will prove alot harder to break past although the price is lingering aroused but there is every certainty that a free fall may happen.

It's not just past events, but a number of things like math, supply and demand, scarcity and many other.

We will have an ATH because we will have the next halving and then the next, so we'll be getting less bitcoin added to the pool by miners. We know that the demand is there because countries and banks are interested in bitcoin, not to mention billions of dollars in ETFs. Then there's the problem of money printing. The more money is being printed the less it's worth, while bitcoin is finite, it will continue to go up against fiat currencies. It will have its ups and downs, but a year from now it will be higher than it is now and then again and again.

[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

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.

When someone followe some of the predictions of people it might lead the person to disadvantages side, because some of us doesn't make a proper research before they speculate to us, one thing that is more important concerning predictions is to make your research and come out with your research analysis, but we do depend on another person predictions which is one of the things that is bringing us down, another thing is that in bitcoin predictions or the market predictions you can to observe the market very well before you can do anything because any information you bring up concerning negative side of bitcoin people will carry it up

[dragonvslinux]

As an update for the thread, although price hasn't changed much this week, I'd argue that the structure is becoming somewhat clearer, even if the directional decision has yet to made.

4hr



This is the time-frame that I find concerning, even if not yet bearish. On the one hand, price is back above the volume point of control (of almost 2 months) and the Ichimoku Cloud, which should be treated with a bullish bias while this remains. On the other, bulls are struggling to push beyond $44K, as well as maintain the 200 MA, and there are lower highs forming. After the bearish cross-over of the 50 & 200 MA last month, for the first time in 4 months, the MAs are flirting with the idea of a bullish cross-over again. However doing so with price below would likely indicate a bullish fake-out rather than return to a bull trend.

Daily



Probably the more interesting time-frame, the Daily, price is very clearly trending within the bullish Ichimoku Cloud, despite the bearish crossover of support and resistance, which may cause a bearish effect in the second half of the month. The 50 Day MA is becoming insignificant, as price floats above and below, and it remains likely to remain in the support band for another week, which would create a range between $44K and 45K, as price continues to test the upper and lower boundaries of the bullish cloud structure. The real test remains reclaiming $45K, as well as Weekly closes back above closing highs of $44K.

There are otherwise conflicting bullish/bearish signals with other indicators, which are best ignored as they continue to cancel each other's relevance out.

[nurilham]

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

According to CMC or CoinGecko, the price increased to around $48,7k in January 11. The price of Bitcoin still couldn't break $49k, dude. Yes, it dropped quite large after the approval of Bitcoin ETF. It is actually the opposite of people's prediction, most people predict the price will increase significantly. Now, the price was below $45k, it is around $42k - $43k. I still have no idea about when the price to break $50k because the price of Bitcoin looks very struggling to pass again $45k. Maybe a month before the Bitcoin halving, Bitcoin price can pass $50k due to the hype of the halving.

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

It is not as expected, Bitcoin price dropped after the approval of Bitcoin ETF. I think there are whales who don't want to see the price of Bitcoin easily pass $50k now. They want to collect more Bitcoin, so they are trying to dump the price. But it may return to the right way again in the next 2 months because we will have Bitcoin halving.

[ShowOff]

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

It is not as expected, Bitcoin price dropped after the approval of Bitcoin ETF. I think there are whales who don't want to see the price of Bitcoin easily pass $50k now. They want to collect more Bitcoin, so they are trying to dump the price. But it may return to the right way again in the next 2 months because we will have Bitcoin halving.

You might want to know how a bitcoin ETF works, it has obviously seen its price drop hugely post-approval. The heavy selling done so far has made it difficult for the price to break through the $50k resistance. That's a really bad consequence for the bitcoin price after the ETF, but there's a lot of good hope in the long term.

If you are a holder, you should ignore short-term volatility and focus on long-term potential. The halving is approaching and holders can expect the price to rise after that, but as I said, ignore the price volatility in the short term and focus on building a portfolio.

[Yaunfitda]

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

It is not as expected, Bitcoin price dropped after the approval of Bitcoin ETF. I think there are whales who don't want to see the price of Bitcoin easily pass $50k now. They want to collect more Bitcoin, so they are trying to dump the price. But it may return to the right way again in the next 2 months because we will have Bitcoin halving.

You might want to know how a bitcoin ETF works, it has obviously seen its price drop hugely post-approval. The heavy selling done so far has made it difficult for the price to break through the $50k resistance. That's a really bad consequence for the bitcoin price after the ETF, but there's a lot of good hope in the long term.

If you are a holder, you should ignore short-term volatility and focus on long-term potential. The halving is approaching and holders can expect the price to rise after that, but as I said, ignore the price volatility in the short term and focus on building a portfolio.

Yes, that's the wisdom that we should learn, we should look for long term and not just be emotional every time the price will drop. Now after the 1st week of this new month, we have bounce back to $43k already. And I think we could have at least forgot about the Bitcoin ETF effect for now. What we should look forward is the block halving because we all know that this is the catalyst and not the approvals. So we still have months before that activity, and so again, look for long term, accumulate because we still have time. It's going to be a learning process again to all of us, even experience investors who knows the game might be not satisfied with what they had and so learn and un-learn should be the cycle before and after the halving.

[Onyeeze]

At the start of Bitcoin New Year 2024, the market rose to $49K before the Bitcoin ETF Approval, but the market has not been bullish since the market dipped to $40K for quite some time. However, the market can cross 45,000 at any time and exceed this year's maximum market of 50,000. However, many are speculating that the market will most likely not cross $50,000 before Bitcoin halving. However, even if the market does not cross, it will not fall below 36 thousand dollars even if the market is dumping.

Initially I thought that after the ETF drama ended and was approved Bitcoin would easily reach $50k, but in reality Bitcoin struggled to break $50k. I agree with you, maybe $45k looks easy but to reach $50k it seems like bitcoin takes more time.

that is not how the technology of Bitcoin works the increment of Bitcoin comes through the demand and the supply of Bitcoin so when the demand is lesser they increase of Bitcoin will start getting a deficiency in the market so everyone know quite well that it cryptocurrency investment especially Bitcoin experience falling and The Rising almost every time so you cannot justify it in one aspect like rising continuously every time and it also experiences falling and that is what balance the equation of the market and also make the market to be strong so bitcoin is unpredictable

[Dave1]

What can you say about the price in the last 24 hours?

It seems that it's what the OP has predicted, as we might go on $45k and not that $35k? It's not that it's a conflicting signs, but we might be back into the bullish state for now.

So let's see how it goes, I think this February alone, $45k is on the horizon and next month as we get closer to the block halving, we might see $50k at least.

[LFC_Bitcoin]

Well we have our answer now, the price is currently $45,200. It’d be nice if we have a pre-halving rally, we’re definitely about to enter the fun zone of this cycle.

I hope we never see $35,000 ever again, if that’s at all possible.

[AprilioMP]

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?

Bitcoin price: $46K towards $47K. Today at the time of writing.

The current market chart situation, Bitcoin is already at a selling price of $46,346 for the BTC/USDT pair.
Trying to analyze where the Bitcoin price chart will go, I have a speculation that the price chart will stay at the selling price of $46,000 in the next few days and $45,000 will be the support price.
After spending some time at the exchange to monitor market traffic, it turned out that the buying demand was greater than the selling price offered. If the buy ask at $46,204 is 10, the sell bid is only 0.11 or so but there is no single bid, unless they are all combined.

In my opinion, the potential for price strengthening is very good for this week in February. According to what I know, this is a good sign towards halving.

[Nothingtodo]

Well we have our answer now, the price is currently $45,200. It’d be nice if we have a pre-halving rally, we’re definitely about to enter the fun zone of this cycle.

I hope we never see $35,000 ever again, if that’s at all possible.

Bitcoin price is always above $46200 today. I think Bitcoin will stay above $45000 throughout the month of February. I don't think bitcoin will ever go below $35k before the halving and it always looks like bitcoin will stay above $40k before the halving.
However, it is not possible to predict anything with certainty about the Bitcoin market because the Bitcoin market often depends on various positive and negative announcements. If there is a good announcement in the market then the market is likely to increase or if there is any negative announcement in the market then the market is likely to undergo a major correction.

[Kemarit]

Well we have our answer now, the price is currently $45,200. It’d be nice if we have a pre-halving rally, we’re definitely about to enter the fun zone of this cycle.

I hope we never see $35,000 ever again, if that’s at all possible.

And I think this is going to be the comfortable area for us, before we enter the halving at least $45,000-$50,000. Yes, we are going to enter the fun zone, and for those who have been HODL, this is going to be our time and see how big this bull run is.

Anyhow, let's just enjoy the price action for this month. I don't think that we will see $35,000 again. I'm not saying that it's not possible, but with the way investors are thinking and looking forward for that big event in April and continuing to stack sats, that price is going further away from us.