You're not even consider for this month if bitcoin will rise pass $60,000 or not, the whole year is too heavy and more wide enough not to have acquired the bitcoin market price of more than $100,000 and you will have to see how possible this could be, if you could recall that this period is basically a post halving experience and the market will soon continue to go bullish despite the bear we are seeing now.
The decline in Bitcoin prices that we are seeing now is a fairly normal decline due to important news that has occurred so far, so it can give rise to a bit of panic among some Bitcoin holders. So there is no need to worry because Bitcoin could recover again this month even if it doesn't immediately pass its highest price at this time. Because the range of $60K to $70K is something that is still quite possible for Bitcoin to achieve within two months if the recovery can take place from now on. 
Topic: 2024？to 60000 again？ (Read 385 times)
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
You may notice that the price of Bitcoin is touching 58 thousand, just slightly below 60 thousand. Therefore, if the price of Bitcoin increases by a small amount, it will have a high probability of reaching the highest level.
Because right now the government of different countries such as the German government has already sold bitcoins in several stages. Because they have sold bitcoins from their vast reserves, everyone prefers to escape the bitcoin dip.... I can say they are wrong because the highest Bitcoin price is likely to improve. The price of Bitcoin will hit its peak when the bull run begins and it is only a matter of months away.
German government shouldnt especially be able to derail this market but they do have a big name and reputation. Main take with this or any other selling is the excess supply and so lower price is a temporary phenomena, its not important further out.
It doesn't represent consensus or a trend, however as well as this news that separately as a negative could be in play as well. I can see we attempted 60k and came close twice, so let that be the high tide mark to judge direction on. Should we not be able to pass 60k continually then the tide might well be going out, for lower prices.
It doesn't represent consensus or a trend, however as well as this news that separately as a negative could be in play as well. I can see we attempted 60k and came close twice, so let that be the high tide mark to judge direction on. Should we not be able to pass 60k continually then the tide might well be going out, for lower prices.
Bitcoin almost hit 60,000$ today. I guess now it's just a matter of time until Bitcoin breaks this resistance level again. The issue is that there is a very strong sell order around 58,500$ which pushes Bitcoin price instantly to 57,500$ in a very short time period, and then the positive tendency of the market immediately fades to a negative one pushing the price into further losses. Yesterday something similar happened as well. It's really annoying.
I'm just speculating, but could that be German government dumping their coins on the market?
I'm just speculating, but could that be German government dumping their coins on the market?
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
While people kept talking about what's going to happen, we already managed to make it work and get over 59k and 60k+ isn't that far off neither, by the looks of it that could happen. We need to consider something that will take some time, and we will consider how to make it work. I know that we are going to end up with a greater profit if we keep on trusting bitcoin. If we keep doubting it, it will show us how it is going to end up with a greater result with what we have.So all in all, we should consider how to make it work, and how it could help us on the long run. Considering how we are dealing with what we have right now, I think it is not going to be that hard to achieve, we just need to be careful about it and it will get higher.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
You're not even consider for this month if bitcoin will rise pass $60,000 or not, the whole year is too heavy and more wide enough not to have acquired the bitcoin market price of more than $100,000 and you will have to see how possible this could be, if you could recall that this period is basically a post halving experience and the market will soon continue to go bullish despite the bear we are seeing now.
Some slowdown are going to happen because that's what we've been in the last bull run. After the halving, it didn't moved up as high as it was before and that's why if you're in a hurry and waiting to see those high prices, you need to apply more patience to yourself. Because if you're just the casual type of investor without the patience that the market requires, you'll be a dead meat soon because you'd panic and gonna sell. While you sold your holdings, the takers are going to take it no matter what the price is as there's always someone out there trying to acquire as much as they can. Don't be a seller for now, be a collector and wait until the right time arrives for sure it will come and that's when you have to decide to sell. $60k is going to be there soon at the end of this year and if not, we still have a long way to go for this season to end.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Comeon, we are just mid year and already conceding that price can't break a 60K barrier we just left psssh 
Look at it from this angle, external factors are influencing how current markets move, elections and political influence, mtgox anticipated payback, and generally the fear factor into the markets has caused a high bearish sentiment at the moment...but being human's we easily forget and it only takes one major positive news and markets will be in the green....so for 2024 I expect markets to close strong and above the 60K that's looking like a psychological barrier for the time being...
Waiting for the price to go up is nerve wrecking when you see it go down like this, many people get scared and sell, that fear is the reason why we should buy because when others are fearing, that means it's at a great price to purchase, then we wait until it goes up again, which it will eventually one day.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
To me $60k is a very close price target to be reclaimed, despite a lot of sell pressure coming in lately, but if the CPI data comes out positive on thursday, it definitely gonna get the price pump a bit, Today the price were able to go kiss the $69k, I believe we will even reclaim the 70k price level before the end of the year because, There is also an FOMC meeting which will take place in November few days after the US presidential election, and which I believe the Federal Reserve will resume its rate cute, and likely going to be dovish, in this case, a low-interest rate like 25 basis points will definitely send the market way higher than $60k.
Last month's CPI was 3.3% and many economic experts predict this month's CPI will drop to 3.1% and if this scenario happens, it is very likely that bitcoin will once again return to above 60k$. We will have the answer tomorrow.
But whether the Fed will lower interest rates this year remains a question, the Fed maintained its hawkish stance and said it would all rely on economic data and they did not promise anything. But I think whether the Fed cuts interest rates or not is not the only factor that causes the price of bitcoin to increase, because let's not forget that bitcoin went from $15k to $72k without any interest rate cuts from the Fed. They have an impact on the market but are not the only factor determining market trends.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
$60,000 is a bit conservative if you will ask me. I mean we're $3,000 below that price. Why are you asking it?Many are expecting that this year would be the start of the bull run. Right now, we aren't seeing it happening yet, but I expect Bitcoin to at least rise up in price compared to where it was last year. I expect that it will surpass its previous ATH of around $73,700. I believe that what's happening around the world is the reason why you asked this, eh? Don't worry OP. Everything will be just fine. We might see Bitcoin going down for the moment, but in the long run, it will go up in price that's for sure.
Right now, what you can do is to just DCA, and ignore the news. Bitcoin will rise up above $60,000 for sure.
Simple answer to this in within the 200 day average, consider this measure as having a gravity with it. If the 200 DMA is rising and its already near to 60k, then in future its going above 60k the aspirations in that long term measure of momentum are positive despite the near term weather.
Point being if we are going down today, this week heck even this entire month. We are still very likely to come back to visit this 200 day average in future in this year, in a bearish way it would be a brief visit and we fall again. In summary its very likely we are above 60k in 2024, thats the positive its more probable then not. The negative is the definition of this outcome is unknown, we can go up only as a brief moment of volatility before reversing; its the inverse of a massive sell off that turns into a V bottom a sharp recovery.
Point being if we are going down today, this week heck even this entire month. We are still very likely to come back to visit this 200 day average in future in this year, in a bearish way it would be a brief visit and we fall again. In summary its very likely we are above 60k in 2024, thats the positive its more probable then not. The negative is the definition of this outcome is unknown, we can go up only as a brief moment of volatility before reversing; its the inverse of a massive sell off that turns into a V bottom a sharp recovery.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
To me $60k is a very close price target to be reclaimed, despite a lot of sell pressure coming in lately, but if the CPI data comes out positive on thursday, it definitely gonna get the price pump a bit, Today the price were able to go kiss the $69k, I believe we will even reclaim the 70k price level before the end of the year because, There is also an FOMC meeting which will take place in November few days after the US presidential election, and which I believe the Federal Reserve will resume its rate cute, and likely going to be dovish, in this case, a low-interest rate like 25 basis points will definitely send the market way higher than $60k.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Going down?Speaking about volatile market then this is something that will really be just that normal.If you are really just that new then you would really be normally be freaking out but if you are getting used to it then you would really be having another words or sentiments towards it since you do know on how this market works or on how this moves.People who do usually freak out is into those who don't have that enough experience towards this market on which they do easily panic and made out some conclusions that the market would be going down into those low levels.Somehow it is really that relevant that when it comes to movement then everything could really happen in a short period of time on which it would be needing up that kind of approach that you should needing to have that versatile behavior if you do really need up to survive this very volatile market.
So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.
How often will governments sell bitcoin when they only hold a fixed amount of bitcoin and cannot create more bitcoin like they can with fiat? Once they sell all of their bitcoin holdings, we will no longer be affected by them.
If what you're talking about is the government trying to make it impossible for bitcoin to become a currency, then I don't think they need to plan to crack down on bitcoin. They simply don't make it legal tender then it will never become legal currency, and that's what they've already done. They have legalized it but they only allow us to use bitcoin as a commodity (asset). And I also think that in the future they will not change that decision, they will never let bitcoin become a currency because as you said, they will lose control over us if bitcoin is used as a currency to replace fiat.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Comeon, we are just mid year and already conceding that price can't break a 60K barrier we just left psssh Look at it from this angle, external factors are influencing how current markets move, elections and political influence, mtgox anticipated payback, and generally the fear factor into the markets has caused a high bearish sentiment at the moment...but being human's we easily forget and it only takes one major positive news and markets will be in the green....so for 2024 I expect markets to close strong and above the 60K that's looking like a psychological barrier for the time being...
Bitcoin is few thousand($1500k) close to the amount of $60k, you are asking if bitcoin could reach $60k when the year is at its beginning of Q3, with remaining many months(5 months) to the end of the year. However, to clarify your curiosity, bitcoin will reach and pass $60k before the end of this month, not the end of the year. I am thinking of a higher price of 70k above this year.
No need to worry about the decline in bitcoin prices this month, in fact this should be profitable for all of us to continue accumulating our current bitcoins,I don't really care about negative news that makes bitcoin prices fall or market prices are unstable, apart from continuing to focus on accumulating my bitcoins.
and I am sure that the increase will occur after passing this month slowly and possibly after passing this year there is a possibility that the price of bitcoin will pass $60k or even $70k
Bitcoin is few thousand($1500k) close to the amount of $60k, you are asking if bitcoin could reach $60k when the year is at its beginning of Q3, with remaining many months(5 months) to the end of the year. However, to clarify your curiosity, bitcoin will reach and pass $60k before the end of this month, not the end of the year. I am thinking of a higher price of 70k above this year.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.
we so far don't really know how the distribution of BTC gonna be with mt gox I mean there are some info here and there but really nothing sure until mt gox actually do the deeds down the line.
however, if bitcoin could breakthrough $60k and is still having pump and close above $63k I believe it will be good bullrun waiting for us.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.
we so far don't really know how the distribution of BTC gonna be with mt gox I mean there are some info here and there but really nothing sure until mt gox actually do the deeds down the line.
however, if bitcoin could breakthrough $60k and is still having pump and close above $63k I believe it will be good bullrun waiting for us.
Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?
Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.
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