60k possible before end of this month?

erep

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Quote from: stadus on March 01, 2024, 05:48:55 PM

$75k may seem easy to achieve for bitcoin within this month but that will only happen if the market allows bitcoin to create a consistent price increase. Note that this market might suddenly shift from one position to another most especially if there are negative factors that affect the market, so if that happens, we will witness a sudden price decline instead. And reaching $75k might be hard for bitcoin to reach that certain level.

Bitcoin is so much volatile that it cannot guarantee a consistent price surging. However, bitcoin price will eventually recover from any price correction in the market, so we should not be worrying about this.

bitcoin has the opportunity to reach a very high price of $75k before the halving due to the high support of market demand and positive news that will soon come, my target is that bitcoin can reach $80k before the halving for the highest price position and I do not predict negative factors for the market even though it is possible after the whale already cut profits before the market correction, but I remain optimistic that the market can break the high of $80k before the halving

Troytech

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I guess we are in March now and a little closer to the halving, bitcoin has already reached 60k and a little closer to giving us a new ATH, I am speculating an ATH of 84k bitcoin price this month or higher, the demand of bitcoin is on the rise and the ETF is buying about 10% of every current supply making the demand go up even higher,ost person's are taking their bitcoin off exchanges and into custodian wallets, scarcity has hit the market and a lot of new investors are already in.

I wanted to make a new thread for this new month speculation but I decided to use this one, everyone give your speculation for the month of march for bitcoin.

stadus

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Quote from: Natalim on February 29, 2024, 05:43:08 PM

Quote from: Driftless_Mining on February 29, 2024, 11:57:30 AM

60k possible before end of this month?

Quite possible I would say. Wink

New question: 75k before end of March?

The price of Bitcoin had already reached it before we ended the month of February, it was such an impressive movement of Bitcoin. We are looking forward to keeping the momentum this March but can't assure it will be fast and easy, or it will move in sideways.

$75k is not impossible but I think it was not the time for a new ATH. Well, the situation is very interesting after surpassing $60k, we are even more grateful and optimistic but as I've said, we can't be fully confident that it will go straight high, we still expect some corrections and price drop. We better make it prepare and avoid FOMO.

$75k may seem easy to achieve for bitcoin within this month but that will only happen if the market allows bitcoin to create a consistent price increase. Note that this market might suddenly shift from one position to another most especially if there are negative factors that affect the market, so if that happens, we will witness a sudden price decline instead. And reaching $75k might be hard for bitcoin to reach that certain level.

Bitcoin is so much volatile that it cannot guarantee a consistent price surging. However, bitcoin price will eventually recover from any price correction in the market, so we should not be worrying about this.

red4slash

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Quote from: SmartGold01 on February 28, 2024, 07:23:04 PM

Quote from: red4slash on February 28, 2024, 05:21:43 PM

Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

From the look out of things there is no doubt that $60k is sure before the end of this month February reason being that bitcoin has surpasses the price of 50k

2 weeks after this article was written and at the end of the month everything became true Cheesy

.
Now we have a new price where $60k has happened and even before that it reached $61k.

This is less than 2 weeks i think is 12 to 13 days interval, so this is very impressive and I would want to give another possible break out within another 12 to 14 days again.. Let say from now till 14 March 2024 bitcoin will possibly crossed the price of 69k to $75k after which it may drops to back $50k to gain momentum to cross the price of 80k or will be within the price 80k till 30 days getting close to halving. Then after Halving we might witness a strong bear market, causing people that bought at 50k and 60k to quickly panic and sold of their bitcoin without properly monitoring the market.

Hopefully that's the case because looking at the current conditions, the momentum of bitcoin is still very good and I am quite happy with this regardless of what will happen in the future, I will just enjoy it comfortably because after all it is a thing worth waiting for in the hope that bitcoin will continue to grow to a point where we do not expect it.

Right now with the progress of the increase that is quite good and with the encouraged halving that will occur in the near future, it is hoped that bitcoin will continue to accelerate and pass the new ATH and it does not even rule out the possibility of speculation that occurred in the previous few years where bitcoin was at $100k in the end becoming a reality especially for now that is a possible target to be obtained and that is the hope for everyone who is in bitcoin to date.

SmartGold01

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Quote from: Odusko on February 29, 2024, 04:47:36 PM

Quote from: SmartGold01 on February 27, 2024, 05:05:25 PM

Quote from: GeorgeJohn on February 27, 2024, 03:54:03 PM

Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

~Snip~
Let us discuss.

you cannot trust the increment of Bitcoin like that because there is every tendency that the price of bitcoin can retrace and the fall back based on the demand and the supply so if the price changes or the market of Bitcoin changes no that it is based on the demand and that is why I said that anything can happen in cryptocurrency and if it happens to retrace that means the price of bitcoin will fall, so the investors control the market of bitcoin from my perspective.

I think if you look from my speculation I am almost right because today bitcoin has already touched 57k plus and we still have about 3 days to the entire swipe of this month away from 2024 and with the sudden surge within this period which is just yesterday and today really proves that bitcoin is certainly gonna touch $60k before this month runs out if it didn't touched then for sure first week of next week within 1st to 7th of March we will have bitcoin touched $60k. I still understand that the market is volatile but a strong feeling that the ETF approval is really giving a strong wave to the Bitcoin growth.

Great to see that your first prediction has played out pretty well and at that you have the high-spirited to make further predictions along the line and now the attention has shifted to aim at a 70k to because Bitcoin is rallying somewhere around that price, hasn't tried several time to make the $64k - 70k which is a price that Bitcoin has really attempted to touch severally.

But then also, the possibility of making the next all-time high before the next Bitcoin block rewards reduction which is already few days around the corner and making that possible attempt may not be out of proportion anyway, but there is strong resistance before that can be actually achieved.

Just like I said there will be a strong resistance to hold between 60k to 70k if this crossed then for sure we are going to see 80k though can be within the halving or after the halving. The best thing to always do is to take profits since the Market is inconsistent, one can make huge profits except for those who are HODLer they can hold for long term and body wants to missed the bull trend.
Please what note that whatever I post here is not a financial advice and is solely on speculation and if market goes according to what I predicted doesn't make me a guru rather playing around with the market, so you choose what you want from the market if you must invest and hold, I am not responsible for any lost.

Natalim

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Quote from: Driftless_Mining on February 29, 2024, 11:57:30 AM

60k possible before end of this month?

Quite possible I would say. Wink

New question: 75k before end of March?

The price of Bitcoin had already reached it before we ended the month of February, it was such an impressive movement of Bitcoin. We are looking forward to keeping the momentum this March but can't assure it will be fast and easy, or it will move in sideways.

$75k is not impossible but I think it was not the time for a new ATH. Well, the situation is very interesting after surpassing $60k, we are even more grateful and optimistic but as I've said, we can't be fully confident that it will go straight high, we still expect some corrections and price drop. We better make it prepare and avoid FOMO.

Odusko

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Quote from: SmartGold01 on February 27, 2024, 05:05:25 PM

Quote from: GeorgeJohn on February 27, 2024, 03:54:03 PM

Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

~Snip~
Let us discuss.

you cannot trust the increment of Bitcoin like that because there is every tendency that the price of bitcoin can retrace and the fall back based on the demand and the supply so if the price changes or the market of Bitcoin changes no that it is based on the demand and that is why I said that anything can happen in cryptocurrency and if it happens to retrace that means the price of bitcoin will fall, so the investors control the market of bitcoin from my perspective.

I think if you look from my speculation I am almost right because today bitcoin has already touched 57k plus and we still have about 3 days to the entire swipe of this month away from 2024 and with the sudden surge within this period which is just yesterday and today really proves that bitcoin is certainly gonna touch $60k before this month runs out if it didn't touched then for sure first week of next week within 1st to 7th of March we will have bitcoin touched $60k. I still understand that the market is volatile but a strong feeling that the ETF approval is really giving a strong wave to the Bitcoin growth.

Great to see that your first prediction has played out pretty well and at that you have the high-spirited to make further predictions along the line and now the attention has shifted to aim at a 70k to because Bitcoin is rallying somewhere around that price, hasn't tried several time to make the $64k - 70k which is a price that Bitcoin has really attempted to touch severally.

But then also, the possibility of making the next all-time high before the next Bitcoin block rewards reduction which is already few days around the corner and making that possible attempt may not be out of proportion anyway, but there is strong resistance before that can be actually achieved.

STT

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Quote from: Driftless_Mining on February 29, 2024, 11:57:30 AM

60k possible before end of this month?

Quite possible I would say. Wink

He is joking for those that dont get it. Of course but the ironic twist what if we lost 60k again before the end of the month, today. Quite possible and it just threatened to do as much just now, I was watching it but theres a reaction to both 2 day average and quite possibly the big round number that 60k is itself. Plenty people will buy from large round numbers, its just a confluence of buyers that helps reinforce that area but I only take it as temporary not structured enough to be more then a trader move.

Its a good bounce back now to 62k near abouts, Iam still doubting it from lack of volume to the move. I think we do resolve downwards but perhaps not before close of todays bar at midnight. BTC will waver back and forth but my target is 58k for real reaction, proper volume to resolve the fight up or down from here. Half the skill is to identify the most magnetized area, the point of most significance around which we gravitate and I think I call 58k as being the place for now. Above 58k we stay bullish and fight upwards and below we must establish a good area of support after these gains, so consolidation.

lalabotax

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Quote from: pawel7777 on February 28, 2024, 06:44:24 PM

When the price goes up by a few thousands in a space of a few hours - anything seems possible.
But after reaching the daily high of $63.7, Bitcoin noted a hard drop back to below $60k for a moment, but now it's holding around $61k, which I think is a good sign and we could see another pump tomorrow.

In a certain exchange, yesterday Bitcoin already reached $64k. I guessed it may cross $65k but it dropped to $60k. However, it is true that Bitcoin increased again, it raised to $63k and it survived around $61,5k now. I agree if it is a good sign, when Bitcoin won't drop significantly, it means there is a chance to retest again to $65k and may increase further. Now, I can believe we may have the ATH before halving.

Quote from: Driftless_Mining on February 29, 2024, 11:57:30 AM

60k possible before end of this month?
Quite possible I would say. Wink

New question: 75k before end of March?

It is already above $60k. It even already reached $64k.
Honestly, I doubt if we reaches $75k in the near future, it seems too early.
$75k is likely to be achieved during Bitcoin halving or after the halving.

Hamphser

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Quote from: Driftless_Mining on February 29, 2024, 11:57:30 AM

60k possible before end of this month?

Quite possible I would say. Wink

New question: 75k before end of March?

Actually no one really did anticipate for the price to hit up 60k before this month of February ends and that was really unexpected but that was really a nice ride.
For those who had been able to make some long positions from 54k then for sure that was an easy profit for them. No one really had anticipated that we would even be able to almost reach up
that all time high of 69k but well we do know that price movement cant really be like that forever.There's always that correction which is already anticipated.
Now Bitcoins price is starting to move sideways again on which it would really be always best that you should really know on how to ride with the waves
if you are really that serious on trying out to make some gains or profits.

Driftless_Mining

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60k possible before end of this month?

Quite possible I would say. Wink

New question: 75k before end of March?

fuguebtc

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Quote from: pawel7777 on February 27, 2024, 01:32:52 PM

Quote from: fuguebtc on February 26, 2024, 04:57:40 AM

(...) But now, when bitcoin did not increase in price as people expected, they started to feel sad and disappointed. (...)

-.-

But if you mean unrealistic expectations of some people that Bitcoin would skyrocket to the moon on the day the SEC approves spot ETFs - those hopes were quite silly to begin with. ETFs will have a positive effect on the price (or at least in theory - they should) but a bit more time is required.
The current rally is said to be a result of very high demand and volume of the ETFs, so it could turn out to have a stronger effect than the upcoming halving.

Anyhow, we're less than 5% away from $60k so it's very possible we can hit that by the end of Feb.

This is what I want to say because in the early stages when the ETF was approved and bitcoin did not immediately increase in price as many people expected. They keep whining and being disappointed that the price of bitcoin didn't go up right after the ETFs were approved and it's really funny. Any catalyst takes time to impact bitcoin whether it is an ETF or halving but most people willfully refuse to understand that. Everyone wants bitcoin to grow quickly according to their wishes. I bet you that after the halving we will continue to see those complaints repeated, "why doesn't bitcoin increase in price immediately after the halving..." Cheesy

I agree with you, the current recovery and price increase is due to the impact of the ETF, not the impact of the halving, but many people will disagree with this because they think that the ETF is nothing. But if they follow the daily inflows into the market through bitcoin ETFs, they will understand why bitcoin prices are rising.

DanWalker

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Quote from: Sexylizzy2813 on February 26, 2024, 04:38:27 AM

Quote from: DanWalker on February 26, 2024, 12:25:56 AM

Quote from: Sexylizzy2813 on February 25, 2024, 09:48:17 PM

Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

From the look out of things there is no doubt that $60k is sure before the end of this month February reason being that bitcoin has surpasses the price of 50k and headed to $52k if I am not mistakenly and you can correct me if I am wrong.
Also does this proves the idea of most people saying that bitcoin could hit half a million dollars after the halving by 2025, does this sign proves it right?

Let us discuss.

I don't see $60k anytime soon due to how poor the market movement have been in past few weeks since after hitting $50k. It has been from $50-52k and it doesn't look like it will even get to $55k before the end of this month and I feel that this month has given us what it can, who knows by next month we might see a rapid raise of Bitcoin price but not in this February ending.

For me, the market is doing very well in the past weeks but it's not as bad as you think. Although bitcoin has not had a breakout in February, it remains in the 49k-52k area and with it bitcoin dominance is trending downward. That means it is giving way to altcoins and you can also see that after ETH crossed $3k many altcoins are doing well again. The market is still very stable for people to seek profits, but money flows continuously move into different ecosystems. So people with knowledge and experience will make a lot of profit during this time.

As for bitcoin, I think there will be no breakout this February, but before the halving, bitcoin will have some good growth and there will be a post-halving correction.

Honestly I never expected the market to be this slow in terms of movement but I'd say is not that ok to me in the sense that we have been on this same amount $50-52k for the last 2-3 weeks and with how it has being moving in the last 4-5 months, to me is like it will never get past $52k till the end of this month unless February has never been a positive month in Bitcoin history or records.
I'd agree with you that many users are making profit with how the price of Bitcoin is at the moment and coupled with the fact that things are back to normal I feel business has come back to that productive state but it would be better if the price continue to hit forward till we get past $52k to $60k.

Bitcoin is not a get rich quick tool, you cannot expect bitcoin to increase 10-30% every day. Do you see any asset growing faster than bitcoin? It's funny how many people always say that bitcoin is not a get rich quick tool but they quickly get disappointed when bitcoin doesn't increase in price for a few weeks or months. Moreover, we have held bitcoin throughout the 2 years of the bear season without a single complaint, why are we suddenly sad now just because bitcoin has not increased in the past month?

However, bitcoin is trading above $62k, I think you can be happy that what you expected happened.

STT

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Surely I said no on this, I thought slow and steady and yet its burst through. Someone is pointing out a logjam effect where mainstream money is trying to buy too little available BTC short term which makes the price possibly inaccurate. Apparently this happened also with a Wheat ETF if anyone knows that story, too much attention and buys were put in making the price move more then justified.

Either way I will be looking for volume to justify this move not just price however its very tradable in any case, nice break through the Fibonnaci and it might even get past ATH at this pace.

SmartGold actually smart, not just a name bonafide genius Grin

SmartGold01

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Quote from: red4slash on February 28, 2024, 05:21:43 PM

Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

From the look out of things there is no doubt that $60k is sure before the end of this month February reason being that bitcoin has surpasses the price of 50k

2 weeks after this article was written and at the end of the month everything became true Cheesy

.
Now we have a new price where $60k has happened and even before that it reached $61k.

This is less than 2 weeks i think is 12 to 13 days interval, so this is very impressive and I would want to give another possible break out within another 12 to 14 days again.. Let say from now till 14 March 2024 bitcoin will possibly crossed the price of 69k to $75k after which it may drops to back $50k to gain momentum to cross the price of 80k or will be within the price 80k till 30 days getting close to halving. Then after Halving we might witness a strong bear market, causing people that bought at 50k and 60k to quickly panic and sold of their bitcoin without properly monitoring the market.

pawel7777

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Quote from: AmoreJaz on February 28, 2024, 05:05:42 PM

Well, reaching the ATH of 69k is not too far from where we are right now. I guess a lot of people are being bullish with the market.

When the price goes up by a few thousands in a space of a few hours - anything seems possible.
But after reaching the daily high of $63.7, Bitcoin noted a hard drop back to below $60k for a moment, but now it's holding around $61k, which I think is a good sign and we could see another pump tomorrow.
I think a lot depends on what kind of people/institutions have invested in all those ETFs and what are their strategy. If most of them are sitting with their fingers on the trigger looking for sell signal to realise their profits - we might be in trouble. But if most of them are here for a longer run, then we could see further gains.

red4slash

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Quote from: SmartGold01 on February 15, 2024, 06:15:57 PM

From the look out of things there is no doubt that $60k is sure before the end of this month February reason being that bitcoin has surpasses the price of 50k

2 weeks after this article was written and at the end of the month everything became true Cheesy

.
Now we have a new price where $60k has happened and even before that it reached $61k. this is a very good situation because after all with this we can see the development of bitcoin in bullish this time is very good and I am quite happy with the movement that is happening now.

It is possible that soon we will see the new ATH touched after looking the current price and that is what is awaited even though it remain for the target in the previous few years where the price of $100k is still a little further away but with the current movement I think it will be an optimistic step that the price of $100k is still very much breakable in the not too distant future.Hopefully there are no obstacles to getting it because there could be some movements from those who have their own desires that make bitcoin plummet again.

AmoreJaz

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Quote from: pawel7777 on February 28, 2024, 01:25:37 PM

Quote from: Sebas.tian on February 27, 2024, 11:55:53 PM

I don't think, the price of Bitcoin will hit $60,000 yet in this month of February because it remain two days before the end of February ...

This post didn't age too well Cheesy

but I don't think the author does mind.
We're already at almost $63k so the question should be updated to: is it possible we'll see a new ATH this month.
And even better question - what happens next? However high we'll go, the correction seems inevitable, and I've no idea how big the drop will be. But lets not worry about that now and enjoy it while it lasts.

Damn, while writing this post the price went up above $63k and is now > $63,400. Too fast too soon?

Well, reaching the ATH of 69k is not too far from where we are right now. I guess a lot of people are being bullish with the market. Another time to contemplate on whether you need to accumulate more or not.

When the OP created this thread, BTC was about 50k only. If the OP followed his prediction and buy more satoshis, he's in profit now. But some are just speculating without doing nothing.

The Sceptical Chymist

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My, my. What a difference a nap of a few hours makes.

I'm absolutely delighted that bitcoin is currently just over $60k as I've just discovered with my sleepy eyes. On the other hand--and I keep saying this--the rise might be too fast to sustain, and we could be looking at a huge drop either before or after the halving. I don't own enough bitcoin to be worried personally, but I'm always rooting for it anyway. It's not just some doohickey with a number that goes up and down; it's a useful middle finger to the powers that be, if you know what I'm saying. Viva la bitcoin!

pawel7777

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Quote from: Sebas.tian on February 27, 2024, 11:55:53 PM

I don't think, the price of Bitcoin will hit $60,000 yet in this month of February because it remain two days before the end of February ...

This post didn't age too well Cheesy

but I don't think the author does mind.
We're already at almost $63k so the question should be updated to: is it possible we'll see a new ATH this month.
And even better question - what happens next? However high we'll go, the correction seems inevitable, and I've no idea how big the drop will be. But lets not worry about that now and enjoy it while it lasts.

Damn, while writing this post the price went up above $63k and is now > $63,400. Too fast too soon?

Topic: 60k possible before end of this month? (Read 1030 times)