60k possible before end of this month? - page 6.

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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.

Actually we are not technically bitcoin experts. All the analysis we do is based on assumptions. But I can predict that Bitcoin may reach $60,000 by February. Currently, Bitcoin is down from $52,000 to $51,000. If it goes down from here, it will not be possible to reach $60,000 by February. However, even if the market is not bullish now, it will certainly be bullish in the next bull market. As our bull market is not far away. But I don't go with your assumption because Bitcoin may not reach half a million dollars by 2025 by the end of 2024. Many influential analysts here have predicted that Bitcoin could go from $100,000 to $160,000 by 2025. Here I agree with those influential analysts as Bitcoin can go as high as $160K in 2025.

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The way Bitcoin has been growing in the last week, we can assume that Bitcoin may rise to 60K price very soon. But many are considering it for a minor price correction that may take a little more time. It is not too difficult to get 60k from the current price as there are about 10 days left in this month. But the market trend is a big deal. We saw last week how the market quickly went from 47k to 52k and is currently at just over 51k. As per my personal prediction I can see bitcoin price hit 60k next month if not confirmed this month.

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The market is still unpredictable and you can't define what tomorrow will give birth to since the bitcoin and other cryptocurrency is highly volatile in price, news could hit the market causing it to start declining in price. But still the rate at which it's performing I am also having this positive mindset that $60k before the month of February runs out completely, just let us be optimistic about the market and keep doing DCA to increase our portfolio.

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Quote from: freedomgo on February 17, 2024, 04:59:07 PM

With everything that goes positive in the market, there’s no doubt that we’re on its way surpassing the $60k expectation at the end of the month. This is not actually hard if the market performs positively at a consistent basis. However, even if price correction suddenly sets in, that won’t take any longer I think so we’ll still have higher chances to see $60k before this month ends.

This is how volatility could positively affect the market. At times it can be annoying for us, but most of the time it gets to achieve more than we expect it. And if the market stays this way, there’s high chances that we can witness a new all time high sooner than what’s we supposed to see it.

Based on market performance this week the market potential this month could reach 60k because market volatility support to reach ATH will be closer, previously I predicted ATH would be reached after the halving but after reviewing market performance this prediction will be achieved more quickly after a significant market recovery.

Halving is the main factor in the sharp increase in market prices in the current market pattern, the market has a high chance of reaching its highest price faster than our predictions, so I am optimistic about the prediction that 60k will be achieved this month.

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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.

With everything that goes positive in the market, there’s no doubt that we’re on its way surpassing the $60k expectation at the end of the month. This is not actually hard if the market performs positively at a consistent basis. However, even if price correction suddenly sets in, that won’t take any longer I think so we’ll still have higher chances to see $60k before this month ends.

This is how volatility could positively affect the market. At times it can be annoying for us, but most of the time it gets to achieve more than we expect it. And if the market stays this way, there’s high chances that we can witness a new all time high sooner than what’s we supposed to see it.

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Yes, it's possible.
Looking at the daily chart Bitcoin is rallying to $62k,for me I have already marked that zone,I will be expecting price retracement before any move,price move in corrections so we can expect that during halving.
But we shouldn't be overwhelmed with Bitcoin spiking or not,what we should be concerned about is having enough Bitcoin we are holding already.
We know the bull run has already started let's just watch it closely and hold enough so as to boost our portfolio.

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Prices dont move in straight lines, thats your biggest clue to immediate price direction. We can spike to 60k but I wouldn't call it correct especially, it would be over extended at that point. Due a correction and other similar language is merely reflecting normal price action which is a process of waves back and forth, buying and selling occurring in cycles is the true nature of most price movements. A rapid change in price impliess prior pricing was especially incorrect and I know the ETF was approved but I dont think thats enough for continual price gains without some selling along the way.
Before 60k is 58k a 78% retracement of the ATH, we can jump that hurdle or we can also trip up on it. People go for round numbers but the 58k is the real point of significance most likely. 2021 start has alot of weekly closes in this area which implies volume and many other reasons there is resistance here.

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With the numbers Bitcoin have been doing in the running week, $60k is just meters to a touchdown. Don’t forget that’s close to the ATH. Well, I would expect a retracement at some point but, we just might get pass that and the ATH sooner than we would have anticipate as, most of us are all hanged on the halving to bring about this event which seems like a near occurrence already.

Quote from: darkangel11 on February 16, 2024, 02:56:18 PM

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.

I wouldn't say that it's sure. It's possible, but not sure! You're succumbing to FOMO.

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?

Half a million dollar you say! Now that’s what I call being too ambitious. Although Bitcoin as we know it today have been noted for doing just want we might not have imagined it to do but this one, am not sure we are ready for that and the attention it would create and half a million dollar would be some percentage double and double and double. Naaaah, am not sure we would get there in that time frame.

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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.

bitcoin in the last 7 days has risen from a price of $48k then penetrated to $52k, this is really fast bullish, I am optimistic that the price of bitcoin at the end of this month will touch $60k, this month is really exciting for the crypto market, especially the bitcoin market, especially soon we will face the bitcoin halving, most likely we will see bitcoin print a new ATH, I am very excited about that.
I also heard rumors that in the middle of 2025 the price of bitcoin will exceed half a million dollars, looking at the surprises that continue to happen to bitcoin, I am optimistic about that, the bitcoin market is full of big surprises.

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Quote from: Nrcewker on February 16, 2024, 07:39:38 AM

I am assuming it’s easily possible. I mean 4-5 days back Bitcoins were at 40k usd. But suddenly in a fraction of seconds the price crossed 50k usd. Hence if this pace is maintained, then I won’t be surprised seeing Bitcoins at 60k usd or breaking the ATH price. The demand to accumulate the coins are increasing in very high rate to be honest. This can be seen if you open the trading pairs at any popular exchange. Hence, we might see Bitcoins crossing 60k USD very soon.

Then the price of bitcoin could also return to $45K if a lot of money flows out of the ETF. You should not just look up when you are in the market - meaning the market could move in the other direction despite the current positive sentiment. We can never be sure of one thing and ignore another - meaning anything has the potential to happen because the price of bitcoin is so volatile.

I agree - if sentiment is positive and there is a lot of money coming into the ETF market, then the price of bitcoin could break through the resistance above it again. $60K isn't out of the question this month - but a lot depends on how the market reacts when ETF investors dump their assets.

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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.

I wouldn't say that it's sure. It's possible, but not sure! You're succumbing to FOMO.

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?

Quote

Let us discuss.

It doesn't prove anything. The market is not only pure demand from ETFs, but also futures and investors going long and short. The higher we go up without a correction the more people will realize gains and short bitcoin. At some points we'll have a pivot and the contrarian in me says that if so many people go euphoric there will be people willing to take their money and force a correction, which can be done with enough money.

IMO we won't see a new ATH before halving and we won't go to $500k this cycle. I hope I'm wrong but your $500k predictions are pretty much like the one where McAfee was supposed to eat his dick on TV.

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Quote from: adaseb on February 16, 2024, 12:28:20 AM

You need to look at the etf flows and we should get a good guide. For the last 5 days or so we got around $500M in positive flows, which is massive.

Today we only got BITB which was like $100M positive but got $130M in GBTC which was negative so since Fidelity and blackrock aren’t up, I am assuming we will have maybe $300M or so in positive flows. As long as this keeps happening we should grind up to $60K.

True, we cannot turn a blind eye to the flow of money in the ETF market because as a result ETF have had an impact on the crypto market. In the last few days, the ETF market has had a positive impact on increasing demand for bitcoin in the market. The price broke through $52k and fell slightly after that, but if the subsequent selling pressure becomes higher then a correction is possible.

So far $60k is on the way, but the market has to test the $55k resistance first before $60k. Before the end of the month, anything could happen including $60k for bitcoin or maybe we drop below $50k again. I chose the first option without ignoring the second option.

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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.

$60k at the end of this month is still possible. We're still 2 weeks away from ending it and if this trend continues then we might have that. But I think that we won't be going to $60k.

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

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?

The possibility is there and we don't know when we'll be going at that range. Right now, it's just best to stay wherever it is and we'd see that we're getting close to it. The goal of most now is to see Bitcoin go to the point of reaching 6 digits first.

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Quote from: DeathAngel on February 16, 2024, 04:51:36 AM

$60,000 is possible before the end of this month but it’d be good to cool down a bit, we don’t want the market to get over heated so we get a halving correction. $500,000 might be a little too high to expect in 2025 but I would be very happy if that happens. $500,000 is 10 x in price from here, it could happen but maybe we shouldn’t expect more than $300,000 in 2025.

I would say maybe another cycle could be required for it, that seems like something we could see it happening eventually. I get that it may not look like that so far, but it may end up being something like that eventually. I believe that the best thing about the ATH price being broken is that you do not know how much more it could go.

So for example, if we have 68k as our ATH right now, if we go to 73k, that means we broke it, will it go to 100k and then stop there? Will it be 200k? Will it be 500k? We have absolutely no idea, we can try to guess but we will probably not know it at all. The best thing we could do is just keep holding it until it starts to fall, then we could start selling if we want to, or could even hold until one more cycle.

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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.

The fact that Bitcoin began to gain price very sharply at the beginning of February does not mean that this will continue throughout February. Typically, the faster the price of a cryptocurrency rises, the deeper the correction follows. So I don't think we'll see it hit $60,000 by the end of February. The time has not yet come for long, fast running. It will not be until the end of this year. Bitcoin will grow, but not as fast as many would like. And its price of half a million dollars next year is something out of fantasy.

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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.

When it comes to Bitcoin market discussions, we cannot limit the way it could perform, if we may experience this right now, there's then more to get unfold by then when the halving would have been achieved, $60,000 could be possible and may not be possible before we have the halving, but having bullrun with the experience of what we call new all time high is very possible, even though the said $60,000 wasn't the all time high, it was $69,000 and there's possibility that we arrived at the 60k before 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.

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.

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I am assuming it’s easily possible. I mean 4-5 days back Bitcoins were at 40k usd. But suddenly in a fraction of seconds the price crossed 50k usd. Hence if this pace is maintained, then I won’t be surprised seeing Bitcoins at 60k usd or breaking the ATH price. The demand to accumulate the coins are increasing in very high rate to be honest. This can be seen if you open the trading pairs at any popular exchange. Hence, we might see Bitcoins crossing 60k USD very soon.

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$60,000 is possible before the end of this month but it’d be good to cool down a bit, we don’t want the market to get over heated so we get a halving correction. $500,000 might be a little too high to expect in 2025 but I would be very happy if that happens. $500,000 is 10 x in price from here, it could happen but maybe we shouldn’t expect more than $300,000 in 2025.

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Actually Bitcoin is growing every day and if it can keep up the pace at which it is growing, surely Bitcoin will be able to reach 60k this month itself. But we can never say for sure that it may go up to 60k this month, it may go down. But one thing we can say is, the way Bitcoin has been growing, if it continues to grow like this, it will reach 60k this month.

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