Topic: Bitcoin Price Prediction – $24,000 BTC/USD before Christmas 2019 - page 3. (Read 833 times)

In the last 3 weeks I have seen a lot of price forecasts, and it is good to be optimistic about the price, this motivates us to buy bitcoin. But we need to moderate on price forecasts. This is August, the price can not exceed $14000, no offense but it seems to me that the price is struggling hard to stay above $10,000 and do not see big news to immediate create a big increase in price. So consider $24,000 for this year, Is a dream that I doubt will come true. In my opinion the maximum that we will reach in this year is $17000

I rather see the price go up without news, which is what Bitcoin has always done in the past, than seeing the price go up in the runup to the CME market going live where investors and traders sell the news. You have nothing to sell on right now. The price can legit pump way higher than any price you consider realistic or super high already.

As always, people get hyped up when the price is going up non stop for months. We are all biased towards price appreciation because we hold so many of it. These selloffs help you wake up again and not underestimate the speculative side of the market that doesn't care about your holdings and the fundamentals.

I'm pretty sure that if we would have hit $9000 today as new yearly high, people would be celebrating and bring back their flashy memes. 

But we can't compare them because we haven't even get to the point of block halving. So I would say that we are around the 2016 mark here, lots of rally but it will still fall short of $20k. And that increase in 2017 was due to many factors, Japan entering the picture and catapulted by the CME and CBoE bitcoin future contracts in December.

We don't have that kind of news in 2019, so it is still a long way to go to be able to even touch $20k at the end of the year, in my opinion.

For me it's realistic because based on the past bitcoin performance, it's possible.  Look at the picture below, that's a graph from Oct 1 2017 to December 31, 2017 and BTC price just started at $4,000+ and ended and has its high at $19,000+, that is 475% increase in just less than 3 months.

I think to really be on a realistic level, that $15k is actually what is more feasible, but I have learnt not to really much on prediction any longer because really has a system only it understand when it comes value increase. I have still not forgotten how the value of bitcoin sky rocketed from 4k before April to reaching about $13800 just within 4 months without any of us ever expecting it to be so.

I could also remember that we have had lots of prediction some few weeks back where people thought that bitcoin would have reached 8k by the end of August but we can see that there has been great performance beyond their expectation, so bitcoin is still likely to enter $24k before the end of the year, it all depends on that factor that is yet known, it could decide to arrive earlier to push the price forward or arrive next year.

The price of $24k 'before' December is more like being unrealistic.
The price may look too small and achievable but with the constant price fluctuations there will be alot of set backs.
We are not trying to compete with the year 2017 which hard a quick price pump. If we experience same thing like then, the market is likely to go into deep correction and price is likely to be lower than it did in 2018.
The highest we can see as this year closes is likely to be $15k.

The reading expert literally talks about how he failed to understand the way bitcoin moves and lost a lot of money because he thought bitcoin would eventually go back down whereas it went up and dude lost a lot of money.

Now, we are here talking about how it will be 24k because the same dude claims? I doubt so, I still think that over 15k is quite possible and eventually will happen because of the halving but 24k is too specific for me and above the all time high, I am not sure if it will test the all time high if you ask me the correct one would be something between 15-18k range and it will stay around that like right now, it will go up to 18 then fall to 15 and go up to 18 an.. and will keep doing that for a long time. That doesn't require too much money involved and could basically happen very quickly even right now whereas 24k would require a lot of new money coming into the market.

I think 24k is still a bit to go, I mean surely we will reach there but not right now, it will take a bit more time. I think next summer we will be at 24k for sure. I can't predict the precise price because I have no idea what would happen and I have no idea what it could be, I am not a fortuneteller after all and if I was someone who would predict the market beforehand I would have been super wealthy already.

However, my understanding is that miners will lose a lot of money and they would try to sell their coins later after the price went up after the halving which would keep the price low for a while and after they run out of ammo the price will start to go up. Hence I am expecting first a big increase then a decrease then even a bigger increase afterwards but I could be totally wrong.

I am really torn between what I think at the upcoming price of Bitcoin because if you say $24,000 USD this coming December of 2019 I am thinking that is a short time to speculate such price for now and I am seeing the resistance that is why we are having a slight movement up, But if I am wrong with some resistance in the level of $12,000 USD a parabolic trend is another thing that may happen and would take aim to put us in the $100,000 USD on the upcoming 2020, if the price would seize another height, Well how I wish the Parabolic trend is real and can make the price in another level that is beyond expectation again, Because I think there are many investors and traders that will surely return in bitcoin.

Bitcoin may reach 24000$ or even more but at the present it will not be able to do so. Also the marketcap needs to be double to be able to touch 24K.
Bitcoin halving hype plus the introduction of Bakkt platform will be enough fuel to pump bitcoin to this level.

These kind of predictions are just people jumping on the band wagon, the graph says we have left the uptrend so far.   It could start another rise but I'd like some solid reasoning why many speculators arent just taking profits now.
Price is alot more genuine when you can see each step up and how many sell after profiting from the rise.   We fall back, it settles out and time develops the situation like a cake until its solid enough for another rise.   Thats the normal process.

That process puts us past 2019, we'll be onto another year before this rise comes through again strong enough to double the price.    If the reasoning were there is a potential difference, a vacuum that has us moving to 20k quite easily because we fell too soon.   Some kind of theory why this rise to 24k is coming so easily.   Iam aware we already rose, I think that makes the double of this price harder to do right now unless there is an imbalance causing it. 
   The most likely suspect would be greater usage, some world event that relies on BTC to convey value over borders ?  I could believe that but why not gold or many assets.
   Iran for example has a giant harvest of Saffron, more valuable by weight then gold and greatly used in India so they could bid up the price of this as an asset as easily I think.   BTC is special and unique but I doubt we get all the success needed at once.

There had been a lot of prediction about Bitcoin breaking 20k barrier at the end of the year but I think it is still early to tell.  Just look at the recent prediction of Max Keiser, it seem it will be a failed prediction.  I think Bitcoin must break this 15k barrier before even saying that it will hit $20k plus  before Christmas.  Sometimes I think, this kind of stuff is just for publicity and nothing else.

I'm new to the whole speculating thing, I've only recently began to follow a couple of tubers that legitimately just sit there and run through their take on the charts. The target here might be conservative compared to a lot of the "predictions" out there but I like keeping grounded. Looking at Christmas this year I think we could see a 24, 000 BTC. That's about 1/3 of the time remaining to the next halving, which I think is a window where we will probably still be seeing higher highs, before a pull back leading into the last few months before the halving. Mentioned above is that November into December are months that generally produce higher price points.

Kind of kicking myself for picking a poor time to begin diversifying a while back.

From the few that I legitimately new who bought  in near the top, it's about 50/50. Some sold once it dropped about 30% as they were hoping to ride it to some instant profits. Most are still holding, as it was a long term buy they went in for.

Feels like most people that we have been seeing speculating in this bitcoin market are more of gamblers that just predict any price without really analyzing it through the different tools that is available in the market for them to use to analyze their predictions. When we make some predictions, we have to ensure that we bring together a realistic data that would lead to affirming our prediction, and like you rightly said, bitcoin is too volatile that prediction sometimes does not just work.

For us to get to $24k by end of the year, we must have been in bull run but then because that value has already passed the last All-time high, and we ought to have been seeing signs now If there was going to be any bull for this year, so I am not so sure that such figure will be easily achieved this year.

unfortunately at this point that is not something anybody can predict. because this market is known to be volatile like an explosive, all it takes is a little bit of excitement and a couple of major resistances to break then we can easily see the next big bull run begin.
we just got out of the recovery phase to come back to more realistic prices after the undervalued 2018 drop. and the momentum is great these days. if it keeps up, then in 4 months we can easily see $30k.

I would certainly do that and will start to be more optimistic with my altcoins investment also.
Though I can't deny I bought some BTC during the peak but I still feel the relief even at the current price now as I was able to buy BTC at its dip as well, so even if it will not have to reach at $24,000 per btc, I can still be at profit once BTC's price is close to its ATH.

In addition, I'm confident at that time that it would be a different altcoin market compared to now, so selling BTC and altcoins at the same time would certainly make me profitable in overall.

They said the same about the return to $1000. It passed without much of a squeak. Many who bought at that level will be long gone by now. Others will be hanging on for much higher. Very few will pull the exact same amount they put in and have wasted 2-3 years worrying.

Personally I don't think we'll see those sorts of figures until well into next year but I'm almost always wrong.

I'll convert my short to a long within two hours from now if we don't get a sudden crash. It will be the first actual daily close above the descending wick to wick peak resistance line. My gut feelings say we're still not out of the woods, but I'm following the charts and not my gut feelings, which is how it should be.

I would say that November/December historically have been great months to actually start taking out profits, regardless of the price. Bitcoin is a poor performer in Q1 of each year so there is a fantastic opportunity to stack up more satoshis, which is what I will be doing and so should others do.

Bitcoin will cross $24,000 before end of this year and it is going to reward those that will be able to hold for long. For the fearful they are going to be kick out of the next bull run. Since the day before yesterday bitcoin has been trying to cross and remains above $12,000 but it always follow with huge dump and the weak hands keep selling off.

It is a good deal but how feasible would that be? Having studied the pattern of increase from the beginning of this bull run, it occurred to me that we have little people now falling for FOMO, and those little ones are not enough to sustain or continue to make the price increase.

If it was for FOMO factor, from that period that bitcoin made a major breakout from the 1st o April is when fomo would really have landed us into a very peak price of bitcoin now, but people don’t respond that much to fomo values again, they would rather take their time to study the market carefully before investing, after all, when we advise people, we are the ones that usually advises them not to fall for FUD, panic sell and fomo, so why do you think Fomo would still be quite effective again?