60k possible before end of this month? - page 5.

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Quote from: Dr.Osh on February 18, 2024, 10:59:05 PM

If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.

The current price range is not too far away at $60K, but we also need to see how Bitcoin passes the price of $53K to $55K because both of these are also the price levels that many people need to wait for this month before the halving period arrives this year. Currently Bitcoin still has a good push in the $50K to $52K range, but it hasn't reached $53K yet so that's something to wait for before hoping for a price of $60K this month as the timeframe is getting closer to March.

Quote from: Obim34 on February 19, 2024, 01:40:01 AM

Bitcoin is back to $52k after facing a downside yesterday but it is expected of Bitcoin going back to $51k today. I think Bitcoin is still struggling to make it happen, if eventually we cross the $55k price within this week then it is higher chances of touching $60k before the end of this month.

I actually hope that today Bitcoin can go to $53K rather than $51K, because an increase in price will be much more enjoyable than a decrease in price even if it's only for one day. Apart from that, I don't think that the price of $60K can be reached immediately this month even though Bitcoin could have a better push in the next few days, because price increases are always accompanied by price corrections within hours and days as has been seen clear in this month on the market.

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Quote from: Obim34 on February 19, 2024, 01:40:01 AM

Quote from: Dr.Osh on February 18, 2024, 10:59:05 PM

If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.

Bitcoin is back to $52k after facing a downside yesterday but it is expected of Bitcoin going back to $51k today. I think Bitcoin is still struggling to make it happen, if eventually we cross the $55k price within this week then it is higher chance of touching $60k before the end of this month.

At the moment, 52k seems to be the strongest resistant point at the moment and if you have been following the Bitcoin market movement, you will already notice that many times, Bitcoin tried to pass above the 52,000 dollars benchmark when it recorded $52600, it was a relief for many that speculate that we are going all way in for 60k but then the price slides back to almost 50k which it has happened many times since that last one week.

With that in mind, we can only assume some facts which is if Bitcoin could reach 60k before the end of this month which seems to be the most bullish month for Bitcoin in recent times and if Bitcoin can achieve that price, in this month it then means that we are going to be heading to a new all-time high before the halves cycle occurs which will be another great milestone for bitcoin in this season.

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Quote from: Dr.Osh on February 18, 2024, 10:59:05 PM

If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.

If we talk about the possibility, of course it still exists and in fact the possibility is very large considering the quite positive price movements that have occurred in the last few weeks and even the increase that has occurred is quite significant.
There are 2 weeks left to end this month and to reach the price of $60k is not far from the current price, looking at market movements I am quite optimistic that will happen.

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Quote from: Dr.Osh on February 18, 2024, 10:59:05 PM

If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.

Bitcoin is back to $52k after facing a downside yesterday but it is expected of Bitcoin going back to $51k today. I think Bitcoin is still struggling to make it happen, if eventually we cross the $55k price within this week then it is higher chances of touching $60k before the end of this month.

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If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.

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Quote from: SmartGold01 on February 15, 2024, 05:15:57 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?

Though I don't know much about what causes the movement of Bitcoin price but from my findings I get to understand that the number of spot Bitcoin ETFs flows also determines the velocity of Bitcoin price so speculating the price of Bitcoin by month end to be around $60k is rather too close because the inflows may not really be that much so I suggest your speculations should be towards a longer time instead of a shorter interval.

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Quote from: SmartGold01 on February 15, 2024, 05:15:57 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.

There's always a possibility for everything. That's how unpredictable Bitcoin is.
We might see its price going $60,000, but there might be a chance that we might see it below $45,000 again.

$60,000 by the end of the month? I don't think so, and before thinking about that price, I guess let's wait before Bitcoin surpasses the $55,000 price first. Right now, I don't see any reason why Bitcoin will reach that price at least for this month. One big news is what we need for Bitcoin to reach that price, but aside from that, what I expect is that Bitcoin will just go sideways around the $50,000 area. Well, you're not wrong because like, you're also just speculating.

Bitcoin reaching $500,000 by next year? Too optimistic I would say. I mean I know that everything is possible, but let's be realistic at least with our predictions, please? I don't think that it will happen. My realistic prediction towards the peak of price of Bitcoin is more or less $150,000 by 2025.

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Quote from: Sanitough on February 18, 2024, 06:04:05 PM

Quote from: WatChe on February 18, 2024, 11:42:32 AM

Quote from: AirtelBuzz on February 18, 2024, 09:45:37 AM

To be honest I was much more excited when I saw that the price of Bitcoin crossed 50000 dollars I thought maybe Bitcoin would touch sixty thousand dollars in this shock.However, Bitcoin has touched a high of $52,000 and fluctuated between $51,000 for a few days, so the price of Bitcoin is stable now. However, I still think that the price of Bitcoin will touch $60,000 until the moment before Bitcoin Halving is organized.

The biggest dilemma about Bitcoin is that we can't predict its future price. It has crossed 50k$ and right now standing at 51k$. We can't predict what lies ahead, 60k$ or back to 40k$. We can only make predictions about Bitcoin price which can go right or wrong.
Having said that I personally feel that with successful launch of Bitcoin ETF's and halving coming in April, Bitcoin price will surely cross 100k$. But I can't predict the exact date at which this will happen. Just have faith in Bitcoin and HODL.

I guess that’s something that make us more exciting and challenging when it comes to bitcoin. However, if there will be no negative news that will hit the market, I believe $60k will be easily reached within this month. But since the market is unpredictable, all we can do is to speculate and just patiently wait whatever the market has to offer.

For now, let’s not focus on the price but more on accumulating more bitcoin. The price may be always uncertain but it’s certain that if we own huge amount of bitcoin before bull run comes, that would mean massive profits on us.

We can only speculate but only whales and big players can determine where the market will go. I also speculate the price will reach $60,000 this month or next month it could reach the last ATH target ever achieved. Increasingly optimistic that Bitcoin can print a new ATH and make new history again. collecting more bitcoins, and buying at every price drop will make Bitcoins increase, but whether we have cash reserves or not. adjust it to the capital you have.

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Quote from: WatChe on February 18, 2024, 11:42:32 AM

Quote from: AirtelBuzz on February 18, 2024, 09:45:37 AM

To be honest I was much more excited when I saw that the price of Bitcoin crossed 50000 dollars I thought maybe Bitcoin would touch sixty thousand dollars in this shock.However, Bitcoin has touched a high of $52,000 and fluctuated between $51,000 for a few days, so the price of Bitcoin is stable now. However, I still think that the price of Bitcoin will touch $60,000 until the moment before Bitcoin Halving is organized.

The biggest dilemma about Bitcoin is that we can't predict its future price. It has crossed 50k$ and right now standing at 51k$. We can't predict what lies ahead, 60k$ or back to 40k$. We can only make predictions about Bitcoin price which can go right or wrong.
Having said that I personally feel that with successful launch of Bitcoin ETF's and halving coming in April, Bitcoin price will surely cross 100k$. But I can't predict the exact date at which this will happen. Just have faith in Bitcoin and HODL.

I guess that’s something that make us more exciting and challenging when it comes to bitcoin. However, if there will be no negative news that will hit the market, I believe $60k will be easily reached within this month. But since the market is unpredictable, all we can do is to speculate and just patiently wait whatever the market has to offer.

For now, let’s not focus on the price but more on accumulating more bitcoin. The price may be always uncertain but it’s certain that if we own huge amount of bitcoin before bull run comes, that would mean massive profits on us.

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Quote from: Finestream on February 18, 2024, 04:50:44 PM

Quote from: ajiz138 on February 18, 2024, 11:41:13 AM

~Snip

With the high volatility of bitcoin, everything is possible to happen. But let’s not close the idea that if bitcoin will be able to hit $60k by the end of the month, then bitcoin will also not be free if ever there is sudden price correction in the market. For sure, bitcoin price will be affected with that. So let’s be open to both sides.

With regards to bitcoin reaching $500k, for me that’s too far to happen. We’ll discuss it maybe once bitcoin has already crossed the price of $100k which I think will definitely be happening soon or early next year.

$60k before the end of the month doesn't seem like a bad idea, but I'm inclined to believe the $60k was before the halving (whether someone agrees or not). However we only make predictions based on market sentiment and this may or may not be right. As long as we are holders, we will only get returns and the most important thing is that the target is achieved.

$500k is too high to be true, but $100k seems reasonable to expect as the new ATH after the halving. If the price of bitcoin can break the $100k level, then further possibilities can be expected. Of course, everyone expects prices to be higher year after year especially in bullish periods, but only the prices make sense.

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Quote from: ajiz138 on February 18, 2024, 11:41:13 AM

Nothing is certain at the end of February bitcoin will go to $60K but anything can happen if there is a more tumultuous positive direction only I am a little skeptical it happens to say that bitcoin can surpass to $60K in the near future.

Now when it comes to 2025 there's still a chance, some say that's too high a number $500K I wouldn't overthink it because either way it's very implausible unless the 2028 halving is possible.

More realistic is to say $100K there may be more than this, I know the movement of bitcoin is unpredictable whatever it is we cannot reach it unless we can only speculate.

With the high volatility of bitcoin, everything is possible to happen. But let’s not close the idea that if bitcoin will be able to hit $60k by the end of the month, then bitcoin will also not be free if ever there is sudden price correction in the market. For sure, bitcoin price will be affected with that. So let’s be open to both sides.

With regards to bitcoin reaching $500k, for me that’s too far to happen. We’ll discuss it maybe once bitcoin has already crossed the price of $100k which I think will definitely be happening soon or early next year.

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Quote from: Dave1 on February 16, 2024, 08:23:32 AM

Quote from: SmartGold01 on February 15, 2024, 05:15:57 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 guess everything is possible now, I mean when we thought that we will not even hit $50k, suddenly we did and it goes even higher.

So with the bullish sentiments, who knows, we slight at $52k like it was nothing. But first the next stop should be $55k. And if we did it next week, then chances are very good for us that we could be around $58k-$60k at the end of the month.

Anyone who could ever say we would not hit $50,000 at the time we did is not a good speculator, it was obvious. If it was late last year, then the argument could still be valid, and I am one of the people who believed that we would never hit $50,000 in the year. As we experienced it, even the $45,000 that was so close was never hit, it was only hit in 2024 as I predicted and that is the power of proper speculation. I do want to be like the trader who will be calling prices without having something reasonable to back it up, that's just guesswork, which is better likened to the people who are gambling.

That aside. I still believe that we will not hit $60,000 this month. Although nothing is impossible in trading, yet, the huge movement back from the low of about $38,500 might be getting set for a major retracement which will certainly not deprive Bitcoin of its bullish movement but will surely delay it.

For me, I only see the $60,000 being hit anywhere between March and July.

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Hard to guarantee. First of all we just have passed the idea of investing, if not at its lowest, it should be the one that will be increasing the chances. $60k is indeed close to the current market price however, unless such thing is shown by the market, we shouldn't be way comfortable of just taking an entry and just waiting for how things will really behave. And given that end of this month is getting closer, it would be hard thinking that a match between demand and volume could really and accurately take place in the market til the end of this month. Even with few days remaining, we cannot guarantee whether investors will be able to still pull things out. $60k is a close target but it will never be easily reached by the market. A correction with its value could still take place and make a change with investors' perception especially the new ones out there. I'd more expect its market price to reach its previous ATH after the halving wherein if we woud base from the past, that's the only time chances of price increase is most evident.

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It remain one week and some days before the end of this month and, the price of BTC has dump back to $51k, I don't think we will see $60k in this month but the price will surely pump higher above $60k before the half of this year which there is still time for the market price to pump more.

I can see, that many hodlers target in this season is $60k which am among of those that will sell their BTC when the price reach $60k and it will bring enough profits that will help someone to prepare again for another bear run to come.

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Quote from: AirtelBuzz on February 18, 2024, 09:45:37 AM

To be honest I was much more excited when I saw that the price of Bitcoin crossed 50000 dollars I thought maybe Bitcoin would touch sixty thousand dollars in this shock.However, Bitcoin has touched a high of $52,000 and fluctuated between $51,000 for a few days, so the price of Bitcoin is stable now. However, I still think that the price of Bitcoin will touch $60,000 until the moment before Bitcoin Halving is organized.

The biggest dilemma about Bitcoin is that we can't predict its future price. It has crossed 50k$ and right now standing at 51k$. We can't predict what lies ahead, 60k$ or back to 40k$. We can only make predictions about Bitcoin price which can go right or wrong.
Having said that I personally feel that with successful launch of Bitcoin ETF's and halving coming in April, Bitcoin price will surely cross 100k$. But I can't predict the exact date at which this will happen. Just have faith in Bitcoin and HODL.

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Nothing is certain at the end of February bitcoin will go to $60K but anything can happen if there is a more tumultuous positive direction only I am a little skeptical it happens to say that bitcoin can surpass to $60K in the near future.

Now when it comes to 2025 there's still a chance, some say that's too high a number $500K I wouldn't overthink it because either way it's very implausible unless the 2028 halving is possible.

More realistic is to say $100K there may be more than this, I know the movement of bitcoin is unpredictable whatever it is we cannot reach it unless we can only speculate.

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I think yes, it is possible, if the current leg of the bull market continues a while more without major corrections. The development in the last days suggests this is possible. I guess it's a combination of ETF inflows and a generally bullish sentiment which also leads to retail inflows.

The leg started on January 23, on a local low of 38500. The main movements were:

Jan 23-29: 38500 to 43000 (~11.5 % in 6 days)
Feb 6-14: 43000 to 52500 (~22 % in 8 days)

After these two impulse movements there were two sideways/slightly bearish phases in this leg until now: January 29 to February 5 (7 days) and the current "waiting phase" since Feb 14. We could expect this phase to stay a couple of days more (e.g. until February 21-22) and culminate in a fight for 50k or even a dip in the 47-48k region. But this would not bring the 60k plan into danger, as we still would have 7 days for the next move.

According to the Elliott Wave theory we could see a third wave in this short-term leg in late February to the first days of March. If this phase has the same force than the previous ones, we could expect anything between 58000 and 64000 before the next somewhat substantial correction.

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Quote from: SmartGold01 on February 15, 2024, 05:15:57 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.

To be honest I was much more excited when I saw that the price of Bitcoin crossed 50000 dollars I thought maybe Bitcoin would touch sixty thousand dollars in this shock.However, Bitcoin has touched a high of $52,000 and fluctuated between $51,000 for a few days, so the price of Bitcoin is stable now. However, I still think that the price of Bitcoin will touch $60,000 until the moment before Bitcoin Halving is organized.

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Quote from: SmartGold01 on February 15, 2024, 05:15:57 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.

Don't get over excited about the price of Bitcoin because it has passed $50,000 the market could still have a correction instead of it continuing to rise. Bitcoin can stay at a particular price range for weeks heading to months therefore we could see Bitcoin going back and front between $50,000 range and the price won't get to $60,000. We can also see Bitcoin price rise to $60,000 before correcting. Many people think Bitcoin will correct very soon back to $40,000 and I see many possibilities of it happening because anything that makes Bitcoin to reach $60,000 will see the price crossing the last bull market highest price but something like that hasn't happend before the halving but only after the halving.

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Quote from: SmartGold01 on February 15, 2024, 05:15:57 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.

As Bitcoin has crossed the support line of 50,000 and crossed $52,000, if it crosses the support line at 55,000 this month, it will have a high chance of reaching $60,000. Because yesterday Bitcoin almost reached $50,000 by dumping $50,000. So even if Bitcoin does not reach $60,000 this February, there is a possibility of crossing $55,000.

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