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.

This chart shows a lot.

Look at what has happened for the previous two halvings directly after the events - we went sideways
and this is what is happening ATM after the last halving.

My expectation is that we cross the last ATH this year and I expect that the effects of the last halving
will be seen approximately 6 months after - thats October [starting] and onwards from there. This is
backed up by what can be seen in the chart.

I think a lot of us agree that the window of notable growth will take place between 6 and 12 months
after the last halving.

Just because we expect it doesn't mean it will happen and in investing we should look at reality instead of just relying on our thoughts and expectations.

As I see it after months of bitcoin correction, the market has begun to split into two camps: one side still maintains an optimistic view and believes that the real bull season is yet to come. Meanwhile, some people became pessimistic and said that the bull season is over, $73k is the ATH for this bull season.

It can be said that no one can predict the future, so invest based on your own analysis and research instead of relying on the opinions of others. In addition, we must always have a backup plan for a bad situation if it occurs.

I still hope history will repeat itself again, but with what's going on, I can't help but be skeptical about the bull season we're waiting for. I still remember, I used to ask people when everyone knew about the 4-year cycle, would it repeat or would new history be created, because wealth is not for the masses.

Is this your first time on dealing up with this market? If YES, then it would really be wise that you should really be that getting used to it because its never been that predictable in the first place
when dealing up with Bitcoin or lets say crypto as a whole. There's no way or someone could be able to tell on what would happened. Come to think on whose the one anticipated that we had break that previous ATH before halving period? which this hasnt happened before and that truly shocks the entire community or crypto market basing up on what Bitcoin had been able to achieved on that time.
This is why it would really be that recommended or something that advisable that you should really know on what you are dealing with .Expect the unexpected as this is always be the thing
that you would really be able to encounter on the moment that you do deal up something more deeper.

There is not a single door but there are four of them and accumulation is only one of the keys to unlock the first door. You already mentioned the other and that is patience. We need it in order for us to obtain the other key called HODL'ing. Last key to unlocked the last and 4th door would be is sell-off. Negative and positive effects or things are only normal and this is also the reason on why BTC is volatile but we can always use this to have more edge in the game. Correction is usually a temporary event but it's possible that it will then lead to another negative event (something like a mini bear) which we might still be feeling now.

It is only easy to say accumulate and many can have a hard time if which price they will truly enter. I think this is also the reason on why DCA is invented. Apart from knowing the correct price, capital is also one of the factors that can affect us in terms of accumulation. So some are not yet involved here and some are not constantly buying even at the bear market.

At first, I find it odd when you say that people are buying in post halving but then I realized or remember that there was also a decline that happened that time. This shocks the public and make them feel disappointed because they also expect that BTC will really pump during it.

In the time Bitcoin went from $17k to $73k , I had altcoins that did 5x, 10x and one even 30x.

I am happy being in altcoins, we may not see a massive alt season like the previous bull cycles but I still expect good returns in the peak months of the bull run.

Holding 100% altcoin is very risky, you should consider it .

There have been many predictions discussed on X as well as on reddit . We are not going to have an altcoin season and with what is going on , I see them having reason to make those predictions . I don't expect that to happen ,  but I think we should also think about that scenario and have a backup plan because anything can happen . As we can see bitcoin has increased from $17k to $73k and is trading at $60k , but many altcoins are not even having any impressive growth or breakout . So far ,  only a few have shown good growth so I'm skeptical of an altcoin season .

I think about this a lot. We are all expecting action for the remainder of 2024 but the big upside could come in 2025 and would fall within the normal cycle behavior observed so far. So my crystal ball is not clear on what will happen in the rest of 2024, I would expect some upside action but I think it is more wishful thinking than anything else.

It's not a bad for any investor to consider some good Alts as an investment option and the idea of investing with the profits gotten from Altcoin investment into Bitcoin is good one as well cause no matter how good an Alt may be Bitcoin still remain the best Cryptocurrency when it comes to investment. Well I think what Lucius meant was that the first Altcoins like Namecoin and Litecoin didn't grow much compared to other which came after but one thing I've noticed is that it's not about the time an Alt was created or how long they've stayed that would determine it's growth it's about the community backing the coin and how often people trade or invest on it. I won't talk anyone outside investing on Alts despite the fact that Bitcoin still remains the best for investment but diversification is allowed given that good Alts still exist all it takes is for an investors to be careful not to invest on the wrong one due to market manipulations.

Still 100% altcoins. I would be very surprised if altcoins do not pump at some point in the peak months of the bull run.

My plan is still the same , cash out my altcoin profits in the peak months of this bull run and buy Bitcoin in the lows of the next bear market in 2026.

What do you mean the first popular altcoin has only 30% growth , which one is that?

I am holding a few altcoins that have done over 1000% growth in the last 9 months.

I think that he's still 100% in altcoins and hoping that Bitcoin will go higher to affect the other altcoins to have a better pump. He has posted that  a few months ago and I don't think that he didn't take any profit from the 80% profit that he's made being fully loaded with altcoins.


@OP, you'll have to wait until the alt season comes but we'll get to see Bitcoin get into another ATH soon first before it comes.

Have you invested in BTC or are you still 100% in altcoins? I know everyone is waiting for BTC to go strong to pump up the altcoins along the way, but it wouldn't be the first time that doesn't happen. The first most popular altcoin has only 30% growth in the last year, Bitcoin at the same time has about 100% - not that it is some kind of ultimate indicator, but I think it is worth taking into account.

Yes, the best is yet to come.

Don't think of it that we'll never pass that price that we've seen before the halving. The after-effect of halving is much better than the pre-halving effect that we've seen.

Let's wait and be patient.

When this month ends, I think that it's going to be the ber months when things are going to be better. Anyway, we're still better when this year has entered.

Right, we have a lot of support lines along the way, and even if it fall to $50,000, we have a good bounce and right now it seems that we are in run as the price might hit $61,000. But for the rest of 2024, I think it will still be bullish, remember that after that, it might take at least 6 months for the market to see some semblance of a bull run.

And if that happens, then the last quarter of the year might be a big gauge that indeed a bull run is imminent. So we might see a new all time high at the end of the year and we could be around $80,000, I reckon.

This makes sense because as you can see how many times Bitcoin dropped below $60,000 at the beginning of this month and last month, it just kept bouncing above $60,000.
My conclusion is Bitcoin is building strong significant support in the $50,000 - $60,000 area which for me, will still stay for longer.
The only good news here is we are safe, either you are a bull or bear.

it's still unclear what the market direction gonna go, but the institutional investors are willing to buy BTC by the billions you know what it means.

I think its just the way of market wiping out some paper hand because you know in every bullish cycle there's always this bear trap that could squeeze people out of their long position.
but I think bitcoin could get back to $70k level again easy, regardless I consider sub $50k to be instant buy for me.

Yes. Sites like Coingecko or Coinmarketcap can be used to check the average price from the listed exchanges on the sites. Although, I only use the price that I saw on the exchanges that I am using without doing the average because the prices will almost be similar. The all-time high is $73750 on Coinmarketcap.

That's why if I'm not mistaken, the all time high could be a average of what other exchange had during that time.

That's one thing for sure, accumulation is the key here and then we need to have patience as well. We have been accumulating since the bear market, and post halving, everyone might think that we should be around 6 digits by this time. But there are lot of things that can have negative effect on the price as much as there are positive effect. Just like the approval of Bitcoin ETF that really pushes the price to a new all time high. However, after that it seems that the price is into correction mode as we never get close to that price again. Nevertheless, the last quarter might be a big run for us and I'm seeing that we might see around $80k before the end of the year.

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

No one can be certain with bitcoin. Despite the fact that bitcoin has already reached its all time high early this year, still that won't guarantee that bitcoin will be able to manage again to reach new heights this year.

Bitcoin shows more downward trend on its price these past few months, and it won't be surprising that we will end this year seeing bitcoin like that. However, with how unpredictable bitcoin price is, there's also chances that we will start to recover and pass the last ATH at the last quarter of this year. So let's just wait and see what Bitcoin has to offer in the remaining months of the year.

In my view, we haven't seen a real bull market yet. What we saw was a pre-halving bull run. These happen from time to time, for instance we had one in 2019 when we went from $4k to 14k. It was not an ATH that time simply because the previous bull run was extreme and took us up 20x from the 2013 ATH of $1k. Something like that today would mean 1.3 million dollars!

Let's go into proportions for a bit. That pre-halving run of 2019 was around 4.5x of the bottom of $3000. $16k (the bottom of this cycle) multiplied by 4.5 is 72k. The ATH this year was $73k, so it,s pretty close if you ask me. IMO that's what we have witnessed and after that top in 2019 we corrected to $7k, so about 50%. This time the market is stronger due to ETFs and more dedicated holders holders and we fell only by 30%, but it's pretty much the same exact bull market correction. Yes, we are in a bull market, if you haven't noticed and bitcoin's bull cycles usually last for 2 years.

The approval of spot etf's in the U.S market was the reason why we witnessed a new ATH early this year, however, i don't think because of that the price will stay below the new ATH for the remainder of this year. Since then the halving has happened and the expectation is that BTC price will at least be > $80k before the end of this year and then higher than that by the end of this cycle. But this is all just speculations and the reason why this thread should be moved to the speculation section.

I think we will see a gradual fixation back towards the ATH in the holiday / election season this year. Ultimately I feel like there will be a lot more volatility for the rest of this year but I am thinking it’s going to end on a more positive note moving into 2025 for sure.

My expectations isn’t different from this, I think we actually hit this $73k all time high very early and the correction from it is what is keeping the market down, i had earlier predicted that this Q3 will be actually more of a ranging market but the current economic conditions looming like recession is affecting it more and That’s what even lead to the dip to $48k on August 5. Q4 historically is usually bullish on halving year so I am predicting the same to happen with only the obstacle been this economic conditions if they fail to subsidize

Why expect something to a market that's very much unpredictable? You felt disappointed, right? Don't expect too much because you don't know what can happen with the market. I mean nobody expected for Bitcoin to surpass it's previous ATH weeks before the halving event happens. That's the first time, and I expect more first time's soon when the bull market starts.

As for Bitcoin surpassing it's ATH of $73,000, the bull run hasn't even started yet IMO so there's a chance that it will surpass that price. Will it be this year? Based on history, the crypto market is bullish during the last 3 months of the year, so there's a chance that it might surpass during the final quarter of the year. Of course, I might be wrong. Just be patient, continue dollar-cost averaging, and like I said, don't expect too much.

My expectations? Bitcoin will reach $100,000 this year. Sounds impossible, but that's why the crypto market is very exciting to invest our money with. It's pretty much unpredictable.

This is a question in which no one has the right and direct answer to because bitcoin is a volatile and unpredictable digital currency, just as we had it happened in March and the people less expected it to come, anything can as well come up at anytime, bitcoin may make another all time high this year to $80,000 or more, we cannot predict, but when the time comes, we are going to see the indications that will be pointing at the aim to reach the all time high, keep ion speculating and also expect anything at anytime, while you DYOR.

There are no expected times. If you build a chart to predict Bitcoin prices based on the last 3 cycles, the results will be different, and each cycle has new data, but the general shape of the cycle is a peak after 6-18 months of Bitcoin Halving, then a bottom after that.

This is one of 2025 analyses that I find it good.

1. As already said, this should clearly be a topic in Speculation, not Bitcoin Discussion.
2. I still expect we go past 73k this year. I expect the bull run go on in Q4. (However, I can always go wrong, I have no crystal globe.)

Currently, the market to be in a correction stage which took it back down to the $49k mark. Though some analysis have stated that Bitcoin Price will break past the $73 k before the run out of 2024. But it's still a prediction no one can tell where the price will actually get to by 2025. What we should have in mind is that the bull market is yet to come and we are gradually getting there. From my assumption, this year will be very bullish for Bitcoin so any one who wants to acquire even more should get his hand on any little amount he can and continue stashing them up.

 First of, I think your topic will suit the speculation board and I suggest you move it there. As for Bitcoin price and what to expect during the remaining parts of the year, I think it's just to take it as we see it because if you have too much hopes and anticipation for an increase and which month that said increase will occur, we may get disappointed if it doesn't meet up with what we've expected and it can burst our bubble.
 No one expected to see it hit $73k and I believe we've not seen the last of this bull but we can't peg the particular period another wave will occur.

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.