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Topic: Bitcoin targets reached (Read 199 times)

sr. member
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December 08, 2024, 09:40:05 AM
#22
To be sincere $100K is now bland, I want to see higher digits and it's quite possible next year.
Positive fundamentals, Positive news and increase in participants despite its Price can offer the volatility that's needed to push higher.
The price of Bitcoin doesn't really affect the volatility
As people are holding outside CEX, and scarcity starts creeping in.
The price would have to impress to meet up with demand.
hero member
Activity: 2702
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I don't request loans~
December 08, 2024, 06:49:22 AM
#21
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Big target would probably either be 200k or 500k. 200k is a pretty similar goal/metric from the 100k goal, and 500k is, well, what I'd imagine would be the next "big" big milestone. Would probably depend whether we actually reach 200k for the next year or not. Either way, both milestones are pretty much history in the making still!

Though I'm more on the conservative side, we'd probably see 120k - 150k next year instead. Lots of sideways and small growths. I'd honestly prefer that than a large jump since that means the market is pretty stable, like how we didn't really go big after hitting 100k and instead are staying in it's range right now.
legendary
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December 08, 2024, 06:44:46 AM
#20
Pullbacks are mind driven and it can come from paper work or self-inflicted fear. Bitcoin has come to stay and everyone crypto minded person will notice the trend.
Rome was not built in a day. Even if bitcoin dips, there are numerous tendencies to rise above it's previous peak. We should be optimistic that the real potentials of bitcoin is yet to unravel completely in the positive dimension. Investment is the key to sustainability, pullbacks and procrastination kills dreams and makes someone mid for the rest of his days.
You say it like you are expressing an imagination, because you need to know that most people who have seen the increase in the price of Bitcoin in every cycle in a certain year including at the end of this year will definitely never hesitate to continue buying and investing in Bitcoin. Although some people do prefer to wait for a price correction when they want to buy, basically people like that no longer have doubts about Bitcoin, especially if they also know that the potential for Bitcoin to increase again is still there and can even be more than what has happened at the end of this year.
full member
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December 08, 2024, 03:41:00 AM
#19
Bitcoin price has been on the rise since the beginning, only it has been downtrend at times due to time changes. You should note that Bitcoin is the only reliable coin that has brought the most success in the present, and if you hold on to it for the future, it will also bring success.
That is why Bitcoin investment is the most suitable, and we can look forward to the bull market until the future 2025, so it is better to hold our Bitcoin. It is certainly possible to improve if you hold Bitcoin, but in terms of holding, you have to hold it for the long term.
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December 08, 2024, 02:32:35 AM
#18
Few things or two things which is either pullback or uptrend. Do not see any retracement as pullback because the price of bitcoin may still continue to increase until many months has passed in 2025. Bitcoin is going higher and might get to $150000. Do not let any analysts or analysis confuses you. It is good to still hold although not a financial advice but my opinion.
Pullbacks are mind driven and it can come from paper work or self-inflicted fear. Bitcoin has come to stay and everyone crypto minded person will notice the trend.
Rome was not built in a day. Even if bitcoin dips, there are numerous tendencies to rise above it's previous peak. We should be optimistic that the real potentials of bitcoin is yet to unravel completely in the positive dimension. Investment is the key to sustainability, pullbacks and procrastination kills dreams and makes someone mid for the rest of his days.
hero member
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December 07, 2024, 11:53:59 PM
#17
I'm calling it, we will reach $300k by Q3 of the 2025.



we've been too long on the bottom of this rainbow chart, just see in 2018 where BTC price spiked so hard, I think same scenario will happen again, you can call me overly optimistic, but I think if all the potential narrative come into place such as strategic bitcoin reserve, which I've been calling for many time actually happen, we gonna be seeing massive adoption from big financial institution to diversify 30% of their portfolio to crypto at global scale.
hero member
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December 07, 2024, 07:44:35 PM
#16
Target reached, congratulations to Bitcoin and for everyone who were part of this achievement! As soon as the goal was reached, a new one is immediately drawn on the radar. And since we already had many predictions pointing out Bitcoin would cross this line during the current bullish season, it's time to start giving credit to those who predicted Bitcoin crossing 150,000$ and so on... Bitcoin will continue its way upside, and it's pretty good to see this happening for real after so many months daydreaming.

We don't know where is the roof for this cycle, but the important thing for now is that the market remains optimistic and thirsty for more! Anyway, it's never too much to remember investors to not be greedy and to remain realistic about their personal goals regards Bitcoin. If profit was already achieved, make sure to use it wisely without changing your personal plans to continue investing in BTC.
legendary
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Farewell, Leo
December 07, 2024, 05:17:04 PM
#15
I'm going to agree with franky once. Why is everyone suddenly afraid that it's going to be a slow ride from here? There's no sign that volatility will shrink, and that the gains will get less overtime. Pretty much the opposite; governments and trust funds want to trade their sweet cash for bitcoin.

Y'all pessimistic, while we might experience one of the wildest cycles that will make history.
legendary
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December 07, 2024, 03:06:59 PM
#14
Few things or two things which is either pullback or uptrend. Do not see any retracement as pullback because the price of bitcoin may still continue to increase until many months has passed in 2025. Bitcoin is going higher and might get to $150000. Do not let any analysts or analysis confuses you. It is good to still hold although not a financial advice but my opinion.

Yeah, I think that's what everyone is seeing, $150,000 at least in this version of the bull run.

And as the time of this writing, we broke $100,000 again, and so this could be the standard moving forward 2025. It will be the support line and then we might see occasional pull back and re-tracement. But then again, when investors are in a full bullish sentiments, it will go and push Bitcoin higher and so $150,000-$180,000 might be the highest price that we could achieved in 2025.
legendary
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December 07, 2024, 03:02:17 PM
#13
In Q1 of next year bitcoin price might reach 120k
before testing higher levels near $120k.
potentially reaching $120k although I am pretty sure it will not happen anymore this year.
The most I'm expecting from Bitcoin is to reach $120k,

$120k
you guys are thinking too small

during the last cycle the hashrate of 2021 implied that at the excessive electric cost of $0.40/kwh and hardware spread over 2 years, gave a bitcoin mining cost of the most costly electric on the planet of $75k/btc
and guess what the ATH tested at.. $70k
there is a reason why if everyone on the planet can mine for under $75k/btc then the amount of potential buyers dries up at near that amount as even those with a $75k mining cost think that $70k is discount and still worth buying, until its not

well at this years hashrate and this years excessive mining costs where most expensive price to mine is... is $330k/btc right now
so there are many places where there are people willing to pay alot more than $120k because its still thought of as discount compared to mining

for instance
including hardware cost spread over 2 years.. any country whos industrial rate of ongrid electric is $0.14/kwh or more, has a higher mining cost than $120k/btc
so all them countries with electric more then $0.14/kwh is going to be happy to pay more then $120k/btc and still feel like it is discount compared to mining

the UK for instance has a $0.32/kwh industrial electric rate. meaning they have a mining:market break even rate of $230k/btc
so folk from the UK would be willing to pay upto ~$200k before deciding if they should ramp up some miners and stop just buying from the market

yes finland, sweden, norway, canada, usa, newzealand and a few others wont help push the price up as they would mine for less
but there are many countries like japan, uk, germany, italy, greece, france, luxemburg and many others that would pay more then $120k/btc
sr. member
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December 07, 2024, 09:40:02 AM
#12
Who cares about short term price movement. Like if it even goes to $150 k next year, you should not get excited. While a 50% return in less than 6 month sounds very tempting but there are chances of making much higher return if you just buy now and hold for next 10 years. During that duration you will not be making profits but actual wealth that might be enough for you to say goodbye to your job forever.
you know, it's easy to just talk about ten years as a starter but along the line, you will eventually find out that any target reached is enough reason to be excited about because there are chances that it might even take further than that before we see bitcoin getting anywhere near what we are experiencing now. if by next year, bitcoin gets to $150k, i would not assume that it is not enough reason to be excited because it shows that bitcoin is still getting accepted as the year goes by. anything that is better than the position we are currently standing is enough reason why you should be excited as someone that is bullish on bitcoin.

we have in many discussions talked about the important of seeing bitcoin getting to $100k and how important it is to stay invested until bitcoin has attained this milestone, that kind of idea has made it look like the target of most of the bitcoin enthusiast is to see bitcoin getting to $100k and then you just take your profit. truth is that whatever place we stop before the year comes to a close is not necessarily a target, it is just a show of the potential of bitcoin and opens us to the kind of thing we hope to see in the coming year for bitcoin.
newbie
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December 07, 2024, 08:25:58 AM
#11
Who cares about short term price movement. Like if it even goes to $150 k next year, you should not get excited. While a 50% return in less than 6 month sounds very tempting but there are chances of making much higher return if you just buy now and hold for next 10 years. During that duration you will not be making profits but actual wealth that might be enough for you to say goodbye to your job forever.
full member
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December 07, 2024, 07:58:10 AM
#10
We may see another rallies from Bitcoin in near so the price can be back to $100,000 and will have more opportunities to hit the new ATH. But we must be patience to wait for that time and prepare for the coming. Bitcoin will have another target to reached so we can follow the journey and hope that we can make another profit.

It is better to hold Bitcoin until the chance to sell at the very highest price comes. But that is just an advice because we will have our own target price to sell Bitcoin so that will be different than others. You don't have to think much about others prediction because that can makes you confuse and can not analyze by yourself.

They can gives an advice but all things will come back to us. We need to make a decision based on what happen to market. When $104,000 already reached, then the price can go to $110,000 Grin
legendary
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December 07, 2024, 07:41:32 AM
#9
We are going much higher than $100,000. Bitcoin never made a cycle peak in halving year, the peak of each four year run is always the year post halving. We may even get a sizeable correction first but we are going much higher than $103,000 in 2025. Patience is required but hold off on selling too much because next year is the year.
sr. member
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December 07, 2024, 07:35:12 AM
#8
Most of the previous bull runs in Bitcoin have seen corrections at big psychological price points, and current levels could trigger some profit taking. I am confident that next year will be a good year for Bitcoin and crypto, but I would still watch the world government regulation toward crypto. In a long-term crypto adoption trend seems positive, but the market volatility would still be challenge to attract more users. 
sr. member
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December 07, 2024, 06:47:42 AM
#7
Bitcoin hits 100k very early to show that the bull run has just started and if there is a retracement, the price will surely recover to pump farther into 105k and above. In Q1 of next year bitcoin price might reach 120k and above so just sit back, relax and watch how the price moves to the highest height this circle while you hodli. Making history is the nature of bitcoin and that's the most exciting thing.

You are wrong if you say that the bull run just started because we have already seen the first phase of the bull run earlier. Bitcoin crossed the previous all-time high, which was $69k, and then the price went down a bit and started moving up again in the last couple of weeks. So, this isn't the start of the bull run, even though you can say that the bull run showed more strength in less time than it usually does or has done in the past.

The usual Bitcoin cycle would continue with the bull run at least by the third quarter of 2025, but since the price has already gone up so much, we can't be sure whether we are going to see more extra-ordinary stuff in this cycle or not because most of us were expecting Bitcoin to at least hit $100k and that has already happened.

The most I'm expecting from Bitcoin is to reach $120k, and if it does that, I think that would be more than enough for this cycle, and then we can expect $200k or something in the next cycle when Bitcoin gets back up from the bear market in 2027-2028.
hero member
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December 07, 2024, 06:29:14 AM
#6
If we zoom out to the 1W timeframe, there is a long term trend line that has called the third peak in late 2021.
The yearly trend is up and Bitcoin is in its exploration phase with its Yearly candles. Usually in Bitcoin history, with each market cycle that lasts four years, there are 3 green years and 1 red year. In this cycle, it probably has one more green year in 2025.

Quote
There are a few things scenarios that can happen here could be we get the test at the top of the trend line and pullback, or we test and break the trend line. If the crypto can break the 7-year resistance zone, it could result in further growth into uncharted territory.
I don't see any resistant zone here, with my view on Bitcoin yearly candle chart.

With design of Bitcoin blockchain and block subsidy, future supply, I see no big reason to force Bitcoin falling down and losing its upward trend in coming years.
Controlled supply.
Equivalent network time is another version of controlled supply but with this view, we can easily see that in future, there will be more time needed to mine equivalent bitcoin like in the past years and now.
full member
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December 07, 2024, 03:46:11 AM
#5
Bitcoin hits 100k very early to show that the bull run has just started and if there is a retracement, the price will surely recover to pump farther into 105k and above.
Bull run has started months ago and we saw Bitcoin reach its then ATH back then which was around $70k. Looking back, it's crazy how massive bitcoin's growth has been in only just a few months. Anyway since then it wasn't a constant upwards movement. But it was fine at least for me as I was using it as a chance to buy more and now we see bitcoin reach $100k which was what the expected or the target price all along and we can say for sure that we are nearing the peak of the bull run.
Quote
In Q1 of next year bitcoin price might reach 120k and above so just sit back, relax and watch how the price moves to the highest height this circle while you hodli. Making history is the nature of bitcoin and that's the most exciting thing.
The next following months are crucial as this will be the highest peaks of bitcoin. I can see bitcoin definitely reaching above $105k and potentially reaching $120k although I am pretty sure it will not happen anymore this year.
legendary
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December 07, 2024, 03:17:09 AM
#4
There will likely be a temporary correction before we reach the highest levels this cycle can reach, so we could see prices between $70k to $100k for the coming months before testing higher levels near $120k. These analyses are useless because no one can predict the price direction, especially when we do not see strong support and resistance levels.
hero member
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December 07, 2024, 03:08:01 AM
#3
Bitcoin hits 100k very early to show that the bull run has just started and if there is a retracement, the price will surely recover to pump farther into 105k and above. In Q1 of next year bitcoin price might reach 120k and above so just sit back, relax and watch how the price moves to the highest height this circle while you hodli. Making history is the nature of bitcoin and that's the most exciting thing.
legendary
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December 07, 2024, 02:46:22 AM
#2
Few things or two things which is either pullback or uptrend. Do not see any retracement as pullback because the price of bitcoin may still continue to increase until many months has passed in 2025. Bitcoin is going higher and might get to $150000. Do not let any analysts or analysis confuses you. It is good to still hold although not a financial advice but my opinion.
newbie
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Merit: 0
December 07, 2024, 02:18:56 AM
#1
The crypto craze continues towards the end of the year as Bitcoin surpasses $100,000 which served as many analysts psychological "price targets". And now that we're here, what's next for the giant? Here are some reasons to stay cautiously bullish..

BTCUSD is climbing higher in the $100,000s at the time of writing this, the highest price it's ever been in history. If we zoom out to the 1W timeframe, there is a long term trend line that has called the third peak in late 2021. There are a few things scenarios that can happen here could be we get the test at the top of the trend line and pullback, or we test and break the trend line. If the crypto can break the 7-year resistance zone, it could result in further growth into uncharted territory.

 And that will another history being made !
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