Topic: Bitcoin What is the probability of 60 K+ again? - page 4. (Read 1387 times)
No one knows for sure when the bitcoin price soared. However, I do believe that the bitcoin price will get back above $60k again and that looks likely to happen when the next halving comes.
2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.
Op this is because you were going against the trend, Reading through this just reminded me of a time when I was only focused my trade on the Buy side because then I don't like shorting Bitcoin until I got recked at some point because the selling became so increased and most of my trades started going against me, Op there are only two opportunities in the market either you buy or sell , it's advisable to follow the trend, buy when the buy pressure is high and sell when the sell pressure is high too , with this you will save yourself some unecessary loses you my encounter. Same when it goes up and that means that people will talk about how amazing it is and how everyone will become a millionaire and we are going to ride our lambos and all that stuff, which we have seen to be a false advertisement all too often and should sell when it reaches the top as well.
2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.
Op this is because you were going against the trend, Reading through this just reminded me of a time when I was only focused my trade on the Buy side because then I don't like shorting Bitcoin until I got recked at some point because the selling became so increased and most of my trades started going against me, Op there are only two opportunities in the market either you buy or sell , it's advisable to follow the trend, buy when the buy pressure is high and sell when the sell pressure is high too , with this you will save yourself some unecessary loses you my encounter.
No doubt that bitcoin will soon touch $ 60k, I'm sure the end of the year the market will rise and can touch $ 60k, another reason is because at the end of the year people will buy more because at the beginning of the year or in March 2024 there will be a halving day which makes the price increase soar.
Regarding 60k usd this year ? then my friend, anything and everything is possible. We just need to have pure faith and trust the process. I am assuming Bitcoins might hit 50k USD by the end of November.
Anything can happen, but the probability of it happening is very low, so putting too much faith and expectation on the goal of $60k this year will just be a waste and cause us to collapse if that doesn't happen. $50k is a better target, but I think $40k is probably the most viable if history repeats itself. During the previous bear season, bitcoin also rallied to $12k after bottoming out at $3k in 2018, and if things repeat, then we can expect a target of $40k or more than $50k.However, if we were to answer OP asked, there is a 99% chance that we will see 60k again, when? I do not know when, but I do know that it will happen and that's all that matters. We should be quite happy with the fact that it will get x2 higher than this, probably close to 3x as well, and that is why we should get more too.
Even though the market looks weak at the moment but I'm sure $60k is something that will be easy to achieve, just like when the price is below $20k many people are pessimistic that the price will reach another $30k in 2023, but that will happen in March, of course this proves that bitcoin is still worth making our investment priority.
I don't think that it will be easy to achieve $60k even after knowing that the market isn't strong enough at the moment for that, I know that we will eventually reach there, but from the market conditions that we see nowadays, it is probably going to take some time for us to reach that target and there will obviously be a lot of hurdles in the way there.For 2023, even if we reach $45k by the end of the year, we will be at a great price because the bull market isn't here yet, and the whole market is waiting for the halving event to see any significant price changes and everyone will start buying a month or a couple before that.
Regarding 60k usd this year ? then my friend, anything and everything is possible. We just need to have pure faith and trust the process. I am assuming Bitcoins might hit 50k USD by the end of November.
Anything can happen, but the probability of it happening is very low, so putting too much faith and expectation on the goal of $60k this year will just be a waste and cause us to collapse if that doesn't happen. $50k is a better target, but I think $40k is probably the most viable if history repeats itself. During the previous bear season, bitcoin also rallied to $12k after bottoming out at $3k in 2018, and if things repeat, then we can expect a target of $40k or more than $50k.
Hitting above 60000 dollar levels again is very very likely. But in 2024 not this year. As we are entering summer I think trend of Bitcoin will be pretty much reversed. But I don't expect to see ridiculous drops from now on. In my opinion Bitcoin has constant demand now globally so it's very unlikely to see 18-20k levels at all. We may see Bitcoin testing 30k usd in coming months probably after August. As I always say to friends, Bitcoin is gonna be the best option when right time comes.
The price will only drop if some bad news hits the market. Like last time the FTX news came, and suddenly the price dropped and everyone panicked. So whether it's summer or winter, if a bad news come then no one can stop Bitcoins from crashing a bit. But this doesn't mean that Bitcoins are weak or trash, when they fall down, we have seen it recovered back quickly, similar thing gonna happen every time Bitcoins falls down. Regarding 60k usd this year ? then my friend, anything and everything is possible. We just need to have pure faith and trust the process. I am assuming Bitcoins might hit 50k USD by the end of November.
Hitting above 60000 dollar levels again is very very likely. But in 2024 not this year. As we are entering summer I think trend of Bitcoin will be pretty much reversed. But I don't expect to see ridiculous drops from now on. In my opinion Bitcoin has constant demand now globally so it's very unlikely to see 18-20k levels at all. We may see Bitcoin testing 30k usd in coming months probably after August. As I always say to friends, Bitcoin is gonna be the best option when right time comes.
Bitcoin hit $60k or more, it's only a matter of time, I'm pretty confident that it's definitely going to happen.But I don't think the growing demand for bitcoin will keep bitcoin from falling below $20k, nor do I think bitcoin is moving with supply and demand. I mean, it's still more manipulated than by supply and demand determining the trend. Many people still say that the demand for bitcoin continues to grow, especially since the recent banks collapse caused the demand for bitcoin to spike, which should drive the price up sharply. But so far, we haven't seen a breakout since the US banks collapsed, and conversely, we seem to be leveling off and still can't break the $30k.
For me, there will be a lot of volatility this year, maybe we'll see a few more big drops before entering the real bull season.
Hitting above 60000 dollar levels again is very very likely. But in 2024 not this year. As we are entering summer I think trend of Bitcoin will be pretty much reversed. But I don't expect to see ridiculous drops from now on. In my opinion Bitcoin has constant demand now globally so it's very unlikely to see 18-20k levels at all. We may see Bitcoin testing 30k usd in coming months probably after August. As I always say to friends, Bitcoin is gonna be the best option when right time comes.
No probability for 60k in 2023 imo but 2024 its fair target. These things are hard to predict, calling it now is like asking for the trajectory of a rocket where the touch paper is not even lit yet. How can I call the timescale and eventual destination when we have not yet really started. I dont think this year because the means to launch such an attempt has not yet formed, we are building the launchpad would be one analogy perhaps. The speed and quality of that constructive price action in BTC is how we might later estimate the progress and possibility of such a target.
Many people are worried that the bitcoin price will not reach new ATH again, many are even pessimistic that it will not be able to touch $60k, this is the same as the issue that occurred at the end of 2018 and early 2019 when the bitcoin price was below $4000 and many said it was impossible to pass $10 k again, but facts make us optimistic that ATH will happen again soon.
This is a worry that does not really makes a lot of sense, the demand for bitcoin is increasing, the supply available to the miners will go down, whales are buying more of it, and finally the economy and the political climate around the world are getting worse, so if you think about it you can see that bitcoin will do well, it is just a matter of time before people realize that bitcoin is the best asset they can buy, and once they do the bull run will appear and it will allow us to reach a new all time high.Indeed, it is true what you said that bitcoin demand is increasing. And big investors or whales are taking advantage to buy a lot of Bitcoin believing that it can provide good profits in the future.
However, despite the risk that we can face with bitcoin, it still has benefits that are given to our investors. And what are they?
and one of these is the portability that Bitcoin has, where we can still send money via bitcoin no matter where we are or the country we are in and the second is the scarcity, which can be the reason for the increase of bitcoin's value in the future and above all is the decentralization that Bitcoin has.
2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.
Due to the volatility of the cryptocurrency market, it is not recommended for someone to rely solely on cryptocurrencies. First of all, you shouldn't have invested all of your funds in bitcoin; instead, you should have done so with a portion that you can afford to lose rather than investing all of your funds in the expectation that bitcoin value will soar in 2022.However, you are currently losing money, but if you decide to keep hodling your bitcoin assets, you might eventually make a profit. The bull run is approaching, so keep hodling, be patient, and refrain from selling.
Even though the market looks weak at the moment but I'm sure $60k is something that will be easy to achieve, just like when the price is below $20k many people are pessimistic that the price will reach another $30k in 2023, but that will happen in March, of course this proves that bitcoin is still worth making our investment priority.
I'm still optimistic that ATH will occur maximally after Halving Day in 2024, many things that make us have to be optimistic that Halving is a big thing that can pump prices in a short time, many people think and panic if you see the potential of Halving so that it will buy more before Halving happen.
A new ATH just after the halving has taken place seems like a rather bold claim, maybe it would happen but I do not remember this being the case on the past, most of the time it takes a few months for the market to feel the the decrease on the coins the miners are receiving with each block they mine, so if I were to give a prediction of when a new ATH may happen then that would be my best guess taking into account everything I know about this market.I'm still optimistic that ATH will occur maximally after Halving Day in 2024, many things that make us have to be optimistic that Halving is a big thing that can pump prices in a short time, many people think and panic if you see the potential of Halving so that it will buy more before Halving happen.
A new ATH just after the halving has taken place seems like a rather bold claim, maybe it would happen but I do not remember this being the case on the past, most of the time it takes a few months for the market to feel the the decrease on the coins the miners are receiving with each block they mine, so if I were to give a prediction of when a new ATH may happen then that would be my best guess taking into account everything I know about this market. 
Many people are worried that the bitcoin price will not reach new ATH again, many are even pessimistic that it will not be able to touch $60k, this is the same as the issue that occurred at the end of 2018 and early 2019 when the bitcoin price was below $4000 and many said it was impossible to pass $10 k again, but facts make us optimistic that ATH will happen again soon.
Whether someone is optimistic about the next ATH on Bitcoin I think depends on each person too, because on average people who still believe in new ATH on Bitcoin are old investors and those who have known Bitcoin for a long time and also often trade in the market crypto with Bitcoin. This means that people who have seen ATH on Bitcoin several times will still believe in the new ATH on Bitcoin so that they are still optimistic about it until now.had been dealing with this unpredictable space. If you do have those kind of hopes and beliefs then securing your position while the market is still slow is the best idea to be taken.
I'm still optimistic that ATH will occur maximally after Halving Day in 2024, many things that make us have to be optimistic that Halving is a big thing that can pump prices in a short time, many people think and panic if you see the potential of Halving so that it will buy more before Halving happen.
Many people are worried that the bitcoin price will not reach new ATH again, many are even pessimistic that it will not be able to touch $60k, this is the same as the issue that occurred at the end of 2018 and early 2019 when the bitcoin price was below $4000 and many said it was impossible to pass $10 k again, but facts make us optimistic that ATH will happen again soon.
Whether someone is optimistic about the next ATH on Bitcoin I think depends on each person too, because on average people who still believe in new ATH on Bitcoin are old investors and those who have known Bitcoin for a long time and also often trade in the market crypto with Bitcoin. This means that people who have seen ATH on Bitcoin several times will still believe in the new ATH on Bitcoin so that they are still optimistic about it until now.
The year 2022 is long gone, we are now in 2023, we should be talking about it than dwelling on the past year when bitcoin was in her red zone.
If you are among the few that is still holding their bitcoin assets when bitcoin was down in price from last year till this present day, you will be on the gain side this time around because the price bitcoin was last year is not the same with today's price.
This is why it is said, you don't lose your bitcoin investment if you decide to hodl. The only time you lose is when you sell.
If you are among the few that is still holding their bitcoin assets when bitcoin was down in price from last year till this present day, you will be on the gain side this time around because the price bitcoin was last year is not the same with today's price.
This is why it is said, you don't lose your bitcoin investment if you decide to hodl. The only time you lose is when you sell.
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