Topic: 2024 price prediction - page 2. (Read 1629 times)

The remaining time of the new year is very exciting. Approximately 1 month and 19 days from now based on my time zone, enjoying the new history that is happening will be more interesting than mentioning the price of Bitcoin that will be traded after ATH.

Wrong things that happen in estimates or price predictions are common. Let's celebrate the current price achievement.
At least those who don't believe in Bitcoin will be hot and cold seeing the current market situation.
I think this is worth celebrating.

Currently, Bitcoin's upward movement seems very likely to hit 100K this year. Because the current market is pumping much more volume than we expected. Because of this, many are currently expecting to cross $100k this year. Bitcoin price is on a very positive trend right now, and if this trend continues, we will see Bitcoin above $100k very soon, and may not see below 69k again, but it is never guaranteed. .

But right now we only have to focus on holdings, why should we worry about Bitcoin's negative movement? Whether the price of Bitcoin goes below 70k again or not, we should aim for long-term holdings, only then can we achieve something better.

I will unlock this topic now as its a few weeks from December 2024 which was the prediction month in question.

Big change or event was the election and also the chart has aligned to resolve towards the upside.    Some now expect 100k, I always thought that too much (this year) but its certainly possible as a volatile short term target.

  Long term my guess was 10k below the old ATH and we were mostly more positive then that this whole year.    Seems my guess will be wrong, we wont trade below 69k ever again ?

At end of last year 100k seemed a target too high.  It wasnt edited in, that was there from the beginning so all votes were cast with the same choices.

The choices at the end are just the wild card answers,  100k seemed a wild choice to me but to some extent this is bias in the questionnaire which I think does happen in all kinds of polls.   People asking a set of questions expect a certain range of results but with Bitcoin anything can happen.

Of course I would love if BTC made 100k in a fairly short time period of just this year.   42.3k was open price of Jan 1st.   My general take is many moves are reversed, we lose as much as we gain in cycles, bullish trends would just be where the losses are less in some amount then the gains.   

If the number one rule for Bitcoin is volatility we can move back to 52k or somewhere like that and then everyone's perceptions and preferred choices will alter again.   I mentioned locking this thread so we only update the idea after big movements in BTC price action and its always vs that end year target guess.

   I reckon we aint moving much till April & might be a month from now or longer..   Look at the daily bars now, every bar is smaller then the last we are being squished till implosion or explosion ?   Thankyou for all commentary 

It is about demand and supply, however, it also depends on a price on which parties are ready to make a deal. And if you were right about panic buying, then we wouldn't have seen the price below 19k a year and a half ago. I agree that the price on which buying pressure will dominate is much higher than 19k now. But it cannot be ruled out that the price will drop to this level again in the future.

They kind of screwed up the question. Top choice was 70k plus we did that.

They added 100k for an edit.

but I guess they are asking for the dec 31 2024 price.

It’s not possible if we see the current situation. If Bitcoins goes below 40k usd, people will panic buy and therefore the demand to acquire the Bitcoins will go up. It’s very simple economics of supply and demand. As we know that the Bitcoins are limited in numbers, hence when the price will go up, people will buy more coins and it will increase the demand to buy the coins. As the demand increases the price will go up also in order to meet the demands. Hence it’s completely not possible to go below 19k usd.

Why do you think it will take several month after halving before the correction begins? Because it will be summer and as we all know summer is not the best time for volatility in crypto market, and there are usually flats of declines during summer. Is that what you thought about as a reason for above mentioned statement you made?

After the halving, it is still possible to experience a decline in the price of Bitcoin, but at this time I have not made a prediction for a particular price point on Bitcoin because what I am thinking at the moment is about the next increase before the halving. And even if there is a slightly deeper price correction in Bitcoin, I think it might only be around $50K, because that is considering the current level of Bitcoin price stability which is still quite good at around $65K.

Agreeable. $40-$45 thousand is likely, but the near future you speak of is going to be at least about 2-3 months after the halving. It could even take longer, but I don’t expect the price correction to happen immediately after the halving.

I think the price of Bitcoin will definitely be higher by the end of the year than it is now. I expect a correction to 40-45 thousand in the near future, after which there will be continuous growth until the onset of the bear cycle again. The bull run will last about a year and a half, I think.

I remember and I see here I made predictions for 2024 here and polled voting. I voted that Bitcoin could stay between $50,000 and $59,000 in 2024. But here my analysis failed Bitcoin this year 2024 came in March the highest growth and created new ATH in the market. The new ATH that created the market was before the Bitcoin halving. So since new ATS are created in the bitcoin market before the bitcoin halving then I think if the sire run starts in the market after the bitcoin halving then the price of bitcoin will create new ATH again. So looking at the current market and the pumping of Bitcoin, it looks like Bitcoin will cross $100,000 in 2024.

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

ETF definitely seemed to ignite interest, it doesn't have to be direct exactly but allow a wider market to access BTC and also the news itself gaining attention I think that was something that helped the trend.     I always look at market pricing as a balance and anything which pushes the balance to positive or negative can be a tipping point; people then notice the positive bias and dive in to amplify the effect.    Because of that noticeable speculative effect, BTC price tends to over do itself so we can expect a pullback hence right now its all in line imo

A push forward, now a pullback and eventually we accumulate and rise again.   Seems we have more time to wait for a positive phase to become more obvious.   I will lock this thread again at end of the forum day because its Year end guesses - just until an interesting thing happens, I imagine sometime in April we get a movement past the range of March.    

Still can we guess higher from this 65k BTC price now upto Year end or is it sideways or down from here, I still imagine negatives that are possible.   Always wider world news can be negative, etc.   overall I'm bullish and I believe uncapping the ATH like this leads to more sooner or later, for now its fizzled out some.

I don't get your point. 
Bitcoin reached ATH wasn't caused by ETF market. ETF market is probably just one of among many factors.
I think you misunderstand about the Bitcoin ATH.

Why do you think the price won't increase more when it is nearing the halving?
As far as I know, halving is one of the factors to trigger Bitcoin price increasing significantly.

Are you sure about the price $730,000?
I don't know about the further price, but people must expect it can cross $100k.

I don't think it's about the ETF since the price were declining after it. I think the ones that is responsible for the rise that we see is the BTC halving because we are now getting closer to it. Before we get to $40k and above, I already saw a lot of people who are predicting for that $100k per BTC, though IDK maybe some forgets it already because we have been idling sometimes, so what you are telling there is still true that the recent rise can act as a reminder to them.

To find a barrier seems a good thing, so that it will not be possibly affected by the threats and other hazardous events. If there are sellers, I don't think whales are going to be the first and if they do, the price will dumped heavily.

Its nothing of much concern now since we are moving fast ahead to halving, we should be expecting more to come in subsequent days coming, the market is goin to be more bullish and we are still going to see the resistance to bullrun taken within a blink of an eye, i wont say that the influence of bitcoin ETF doesn't have effect on the market, but we should also considers that without ETF, the market will still pumps and for a new all tie high, just that this may be after the halving than when we had it before halving.

Yes, and I would also add, that it is not so beneficial for most crypto market players. Most traders and long-term investors expect the price to rise significantly after the halving. And historical analysis shows that the price gave 3x, 5x and even more in previous cycles. Such a rise is much easier to carry out while being lower, at a price from which it is quite easy to start. And don’t try to make 3x from the previous ATH. For this reason, I expect a correction before the halving, which seems to be started already.

I think with how price has moved ever since the ETF spot approval, price has really gained some momentum to push up from the 40s to where it is now and prompt crypto users to get those $100k price predictions in, but unfortunately price seems to be finding a barrier around the 70K region which means we have whales selling around this region and not until we see 80K....I think price will keep being repelled here as this is a strong psychological price range.

But we also have no guarantee that after the halving bitcoin will definitely continue to go higher. Since the ETF was approved, the market cycle has broken down and I see things becoming more unpredictable than we thought.
It is true that bitcoin hit its ATH before the halving and most of us were happy to think that the bull season would come sooner. But having an ATH earlier than expected is no guarantee that bitcoin will continue to conquer other all-time highs. Has anyone ever thought about the scenario where bitcoin will enter a bearish cycle after halving?