Topic: Bitcoin - what do you expect for the rest of 2024? (Read 446 times)

We never know yet, but I know that the majority are still looking forward to seeing that the bitcoin price will reach above $73k. But for now, we still know what is coming, as the market condition is difficult to assume. But there is one thing I was sure of pumps during BER months, a usual thing we have experienced in the past years. 

Currently, the price of bitcoin is at $61k, which is not too low to think that we are in a bearish direction. And I feel confident that we are still able to see bitcoin at $70k again, hopefully before the end of 2024. We are indeed just hoping, but of course, the possibility is always there, and just like in the previous ATH, it comes unexpectedly. 

We can only say that the market is mediocre because we have reach a new all time high at $73k before the halving. But if you look at the price, still good at $60k in my opinion. But just like the rest of us, definitely looking for higher highs as the end of the year so it's possible that $80k is doable maybe in December.

And then we have the US election that might have a influence on the price. But I guess whoever wins the price will truly march on the last quarter of the year. Perhaps we would see another great news that will bring positive momentum to reach $80k or even like 6 digits at the end of the year.

Yes. Everyone is looking forward to it. The rest is about 3 months and 8 days away towards the end of the year and I also have a hunch that the acceleration of the BTC price increase will be coming soon and for the end of this year I am sure that the 80K figure that you predict will be broken. Indeed, if we see the market for now is still mediocre, it could be that the price range that revolves is still $60.7 K.

That's always the hyping period, whenever the price goes up people start to flock and that ends up being the most important part, we are going to make some good money thanks to all the people who are investing heavily whenever there is a good bull run.

It's just a cliche period because we are seeing the change happen real live whenever there is a pump, because whenever the price goes up, even if it is not a bull run but just a recovery, we see a lot of new people coming out of the woods and that is why I believe that we are going to make some good return. We just need to make sure that we are holding before they get in, so that when they get in the price will be going up, and because we got in before them and held it, we will profit a lot.

US elections is something which Bitcoin investors should be paying attention to, because its outcomes are definitely going to impact Bitcoin price in the final months of this year. A strong Bitcoin rally has potential to drive the price to a new ATH before 2025. I believe 80,000$ to 90,000$ is possible between November and December if we aren't surprised by any impacting bad news along the way.

All the small dumps and pumps we have been seeing along the recent months are a signal Bitcoin is preparing itself for a big skyrocket to the moon. Despite the dumps, the tendency is bullish, because Bitcoin is constantly recovering itself and maintaining position inside 50,000$'s price range.

Expect the unexpected and this is something that you should really be on your mind on the time that you would really be dealing up with this space. Why? Market is truly unpredictable and there's no way that you could really be able to make yourself that making be making precise approach or analysis towards the movement. This is why on the time that you would be having that kind of assuring price targets for this year then
it would be better that you should be changing up that kind of mindset because it will really be just that making that kind of disappointment on the time that you would really be seeing the price is really that opposite on what you are really that expecting into. This is why it would really be better that you should really be that anticipate that things would really be that totally random and its important that you do have that kind of realization.

This is why it would really be that important for you to make yourself having that kind of consideration when it comes to see opportunities and would really be diving into it once you do able to see it
and this is something that you should really be putting up into your mind. This is why it would really be that recommended on having that kind of considerations on the time or moment you've seen
such conditions. Expect that it wont really be that something that will be predictable. You are really that just trying out to go with the flow and act according into your
knowledge and awareness on how this market behaves.

You are lucky if you can predict the price, because no one can predict it and it makes btc more exciting to those who do buying and selling, there are always possibilities that btc will hit another all time high this year the price is still high and only few percentage away from the new all time high so lets just keep watching for good.

I don't think anything major will happen in August. It will be a sideways month unless there is some big macro event like that Japanese carry trade unwind last week. The volatility will return in mid to late September and things will get really interesting going closer to the election.

Obviously if Trump wins, it will be a huge rally day for bitcoin, if he loses then obviously the opposite will happen. November is also when there are huge moves, like in previous years and I am pretty sure this year will be no different.

That is absolutely true but regardless of what happens for the reasons you mentioned but I am sure that the reversal will happen shortly after that as it has happened in the last few months and even happened repeatedly when there is a fast and significant movement it will reverse back to the way it was which means if we look at it as a whole there is no significant change. For the remaining few months of this year I also think so and even if we look at what happened in the past it is quite possible that we could see a price of $80k as you mentioned, I am quite optimistic about that myself.

if we can see the broader outlook of the current situation of BTC i think we can pretty much make prediction on how the market will turns out, for example if there were news of some entity tries to dump their bitcoin holdings into the market, we can be sure that there will be negative sentment and the market might turn bearish.

so I think we can somewhat take a peek into what gonna be happening, but doesn't necessarily means we gonna be right, for me though I think since mt gox dumping and jumper has dumped their ETH and currently BTC is having few days of good inflows added with accumulation of institutional investors, I think $80k is possible. although undeniably there were times of outflow as well.

No one is certain enough what will be the future of bitcoin. However, as per my own observation, Bitcoin will never gain too much high momentum the next days but is most likely to drop more drastically. And when that's over, we will see bitcoin price gets more positive and will be moving upward again towards reaching it's new all time high. If not the end of this year, them maybe early next year.

The is that nobody can measure or predict the price of bitcoin, I know very well that bitcoin price is not constant and the price may likely decreases or increased at point but right now I don't know if bitcoin price can return to maximum it hits this year, currently its fluctuating in price and I believe they the price is right now its unpredictable, maybe after experiencing decreases it can hits above it increase or it neither have a continuous decrease, so I believe that bitcoin will add in its price when new investors queue in.

No matter how we speculate about the price of Bitcoin, we can not dispute the fact that the price of the asset can be very dynamic and even if we are very speculative about a very particular price, it's possible that the price might not end up as expected or could be go above our expectations. Despite theh price pump of Bitcoin before and after the halving, I don't have doubt that Bitcoin price can still be able to reach $80k+ before the end of this year but even if it doesn't, I don't have anything to lose because I already set my target price to sell and until that price is reached, I am obligated to keep holding.

When Bitcoin first hit that crazy high of $73k, I think it took everyone by surprise, even the experts.  At that point, I figured we would be off to the races and new all-time highs before year's end. 

But thats the thing about crypto - its just so unpredictable. And  After that initial surge Bitcoin pulled back and has been bouncing around between $60-$70k for months now.   Will we see another major rally in 2024? I wouldnt bet against it.  Perhaps we take out that $73k high.  Heck, maybe we even push towards $100k.  But then again, maybe we trade sideways for awhile longer before any fireworks.  Wish I had a crystal ball!

Im watching the charts, ready to grab some more if we get a solid correction.  Whether the rally resumes or not, Im playing the long game here and  bitcoin still got a ways to go in my book.  Every peak and valleys a chance to build my stack before the next liftoff.

I'm honestly not sure what to expect. We suffered a minor correction, falling as low as $53,000, perhaps even lower, but I don't remember exactly, and I'm saying minor because its recovery didn't take long. A few days later, Bitcoin was over $60,000 again. On the one hand, I believe that it won't surpass $70,000 in 2024, but on the other hand, the market has been quite stale the past few months, and perhaps the upcoming winter will be the next bull market period to come, possibly reaching a new ATH.

The macroeconomic turmoil that has occurred so far may also play an important role in the growth of the crypto market, especially bitcoin. Investors are unlikely to blindly throw their money into the market and buy as much as possible, of course they need to observe and wait for things to change that will benefit them. Saying it's likely doesn't mean it's true, but the state of the global economy so far is believed to be one of the causes.

ATH can be expected at any time when many investors (institutional or personal) are involved in the market. They buy and collect as many bitcoin as possible, but of course this will not happen without reason, including belief in long-term potential.

Not just bitcoin, all the markets are known for reacting earlier than expected time frame; this is because when there would be more competition for grabbing cheaper prices. Yes, just FOMO. When bitcoin market behaviours change around halving event, then we can expect more traders and investors do participate and take bitcoin market into new high earlier than what we have witnessed on previous market cycles.

I mean, we may break a new ATH at any time soon and this halving year as well might transform into a complete bullish year, who knows? Market phycology about uptrend is driven by how many people believe on upcoming bullish market, when more people decide about making use of current dips then new ATH on every week is not a bullish year event which may happen on halving year also.

Arcblock  - took a gamble on it last year around $0.15 and it reached $4.65 few months ago.
I have taken $2k profit from it but still have more so now holding a free bag in the hope that it gets close to $10 in the next 12 months - some are even saying it can go past $20.

Like I have said before I have nothing against Bitcoin and believe it will do well in the long term but i want more then a 3 or 4x which is why I am in altcoins.

I am taking the risk now, will hopefully make the money in the next 12 months and then play it safe next cycle once I have more funds to do so.

Can you name which altcoin has given you such profit because I also partly invested in altcoins and I don't think I missed anything? Also, have you made profits or are you still holding them because if you hold them, you will lose heavily on those altcoins that gave you big profits. Most of the altcoins that I have seen that have made significant gains have also returned to their starting point.

It's not just you, I believe many people here are also investing in altcoins and they also want an altcoin season to happen but they don't invest 100% in altcoins like you because it's very risky.

I think there is still plenty of time to wait for the changes and hopefully prices will increase more in the remainder of 2024.
Many users believe that $100k is achievable in the rest of the year, I even found some analysis that is optimistic about it. Things are certainly very uncertain, but we never lose hope about it.

If the market recovers in the remainder of this year, then bitcoin will likely pass its final ATH. Next a new ATH can be expected, but some users are starting to doubt it and tend to expect it to become a reality in 2025.