Quote from: Tony116 on December 22, 2022, 03:00:51 PM

Quote from: ShowOff on December 21, 2022, 06:44:40 PM

Quote from: Tony116 on December 21, 2022, 03:41:31 PM

I agree with you, bitcoin price won't be able to hit $20k before the end of the year, but the prediction of a more active market in mid-2023 is pretty vague. According to my prediction, our economy will be much worse next year, although interest rates have fallen, the economy is just now starting to absorb interest rates. That means the economy will stagnate more next year, and the war looks more intense, most likely triggering a new energy crisis. 2023 will be more brutal so I don't expect much.

A good start to price recovery can be expected during 2023. But I agree $20K is unlikely to be hit for the rest of the year.
It is also unlikely that the economic problems that you are worried about in the next year will be completely correct even if the war and inflation are not resolved. I can expect better strength next year in bitcoin after this bloody 2022.

I expect a small bullrun in early 2023, that's maybe above $25K to $30k. But I don't know what the best scenario is about that other than knowing that more and more people are starting to become holders.

It's not a small bull run this bear season, if bitcoin hits $30k that means it's 1.7 times its current price, that's a huge gain while we are still in a downtrend. I don't know if there are any surprises driving the bitcoin price as you say, but my prediction is based on my macroeconomic projections, so I don't put too much faith in 2023. I will wait until the economy recovers, I believe that bitcoin will start to rebound.

Yeah, me thinks that maybe, just maybe, we might hit the price around $30k despite being on another bearish year. I thinking that we might achieved it at the end of 2023, after we might hit lower lows, just one leg down before the final push in the last quarter and then in preparation of the bitcoin halving. The speculators are going to be very bullish that time so who knows. It's almost the end of the year, at $16,800 so we should take it as it is.