Quote from: Emitdama on February 12, 2023, 06:59:41 PM

Quote from: ilovealtcoins on February 11, 2023, 03:33:05 PM

Quote from: Aliosky on February 10, 2023, 07:42:55 PM

Instead of guessing, the possibility should be carefully assessed and estimated. It is currently quite difficult for Bitcoins to go below the price level of 20 000 USD, at least temporarily. While I can't speak for the latter half of 2023, the current strength of Bitcoins suggests that price will rise. In addition, the demand for the coin affects the price. If you look at the demand right now, it is really high, which is a strong indication that the price will rise soon.

I also don't think bitcoin will drop below 20k in this correction, what is happening in the market is quite positive and I believe bitcoin will continue to rise in the coming days. The target for this rally will be 30k-35k, after which we will have another correction. This year will be the year bitcoin recovers and the market prepares for the bull year 2024.

For now yes because we see it hanging in $21k but sometimes it will just happen in a blink of an eye. Remember last time we are also sitting strongly on $20k and many people are saying that there is no bottom anymore but BTC proved them wrong because one day the price just plummets and slowly goes down to $19k, $18k, $17k, till it gets to $15k. Luckily it stayed there.

Now, if we can't get out on $21k and another correction will happen then I won't be surprised if we will be at $20k or below it. For now the target of the people is $25k. If it hits then that will be the time to assume for $30k's but that was a good opening no doubt for the bull season.

I still remember what happened in 2022, when people started to believe that bitcoin couldn't fall anymore, 20k was the bottom, then 18k was the bottom, and bitcoin always moved against the crowd. Similarly, this time I also see people being very optimistic that bitcoin can't fall anymore, which makes me start to worry bitcoin will do the opposite. It's like someone is manipulating the market and watching our thoughts.
I also hope bitcoin will not drop below 19k but watch out for that, there are always surprises in the market.