Topic: BTC 100K FOR 2024 ! (Read 2201 times)

We already know that bitcoin can perform a 3x price increase in a relatively short period of time, especially if momentum starts to go in that direction, and we witnessed exactly that in early 2019 when BTC price went from $4,200 in early April up to $14,880 in late June, and there is no reason to believe that bitcoin's current price dynamics, or where it is at in it's adoption phase, or its potential for taking advantage of momentum or its investment thesis is any weaker today than it was in early 2019.

So short-term we cannot make any exact predictions regarding how some of BTC price dynamics and/or momentum is going to play out, even though we should be able to recognize and appreciate that bitcoin has not really given up any of its possible upwardly explosive potentiality, even if there seems to have hade been a decent amount of downward price pressures and quite a bit of consolidation in sub $35k price ranges for more than 14 months.

There are actually some people who believe that some of the seemingly large amounts of BTC price suppression going on the past year or so likely contributes to more potentialities that BTC prices could explosively shoot upwardly in a short period of time, so it would seem good for any of us who are either consistently holding onto BTC or stacking BTC to continue with our building of our own strengths in terms of stacking and holding onto sats, without necessarily going overboard in terms of any leverage that we might choose to deploy whether that is merely stacking more than our available cashflow or even getting cashflow from other places in order to buy BTC, we always need to be careful regarding the extent that we might choose to overdo our stacking, and even to consider whether it is even necessary, practical or prudent to be overstacking... in terms of our ongoing preparations (and being prepared) for possible UPpity that may or may not end up coming.


It seems that bitcoin adoption continues to grow and grow and grow, even if sometimes it can be difficult to really perceive on an ongoing basis, so in that regard, it seems almost inevitable that at some point the BTC price is going to go up more, but it still can be difficult to have confidence about when or by how much such uppity prices will take place (if they do). 

It seems to me that anyone with any brains (meaning has any amount of looking into bitcoin and realizing what the fuck bitcoin is) should be preparing for the possibility of BTC going up.. whether it goes up or not, that might be another story.

Besides looking at the previous ATH achievements in Bitcoin, everyone also needs to see how the market conditions and Bitcoin prices will be in the next year and the following year. Because in 2021, market conditions along with more good news about the crypto space convinced more people to buy Bitcoin and resulted in a very extraordinary increase in the year. I don't think that ATH will happen by itself in the market if there are not more people interested in buying any amount of Bitcoin.

Bitcoin halving time moment has significant impact on the price of bitcoin, it is possible that bitcoin will reach its highest price in 2024 but before the halving time is coming. I don't sure with Bitcoin predicting price for 2024 possibility reach until 100k dollar because current price seems not support yet for bitcoin raise more than 300% based on price Bitcoin right now under 30,000 dollar.

I have been focus for long term investment actually until one month left before halving to sell bitcoin funds, I believe near close with halving bitcoin can raise up to higher price and get chance for selling on the top price before correction after halving time. But unpredictable before or after halving time depend on supply and demand then how enthusiast from investor and bigger company want to adopt bitcoin for payment currency.

Expectations that are too high indeed often destroy our plans, I think the price of 100k is very possible to achieve but it's not certain when that will happen, it could be in 2024 or in the following years.
I believe in ATH that comes in 4 years and if we look at Bitcoin's last ATh in 2021 then 2024 or 2025 is very possible for us to be able to see the highest price of Bitcoin again and in my opinion the price of 100k is quite possible to achieve.

Now I think this is important, just like you expect something is a natural thing, but if I may suggest not to set a time frame, like for example in 2024 the price must reach 100k. I'm not going to blame anyone for expecting that, but don't be disappointed if it doesn't happen.

I understand that we want to get to that point quickly, but usually if it's overwhelming then our patience will be at stake, meaning we'll get annoyed every time we see the price continue to stay at that number. Like for example the current price doesn't seem to want to go beyond 30k.

The earlier some of us wake up from this dream of Bitcoin hitting $100k before the end of this year the better for us. Is it a wish or expectation, like what are we gonna call it?
The only way this dream (if I should call it that) is going to manifest is either we have Bitcoin prize hitting $40k before the end of this month or next month and stays there, that's when I'll believe it will happen.
Not that I'm against your opinion OP but if you look at how the prizes are going up and down then you'll see why I'm not fully open to the idea of it getting to $100k by the end of this year.

Your way of talking about this is weird nurilham.

Sure there was an expectation that the BTC price top was going to be at or exceeding $100k, and this time around, there is likely expectations that the top could reasonably be anywhere between $250k and $500k - of course, the BTC price could end up topping out outside of that expected range, including that it might not even make it above the previous $69k ATH.

Your talk of $80k to $100k seems to be just out of touch, even though something like that could end up happening, it seems like an outlier possibility.

Don't get me wrong, UPpity scenarios are not even close to guaranteed in bitcoin, but part of the reason that any of us might be investing into bitcoin and thinking about the possibility of it going up stupendously is because it remains quite lowly adopted, especially if you consider its likely ongoing greatest peaceful wealth transfer in the world ever to take place that is tied in to network effects and metcalfe principles, so even if their are ongoing battles to keep the BTC prices from going up, there surely are no guarantees that the ongoing battles to keep BTC prices down are going to be successful, even if powerful and rich people/entities/governments are working in such direction. 

So there are no needs to get all hot and bothered about possible upside scenarios, but it still seems foolish to talk about $80k to $100k as if they were realist tops, even if this cycle could end up playing out that way. 

It seems more realistic to attempt  to appreciate bitcoin for what it is, including an ongoingly strong asymmetric bet to the upside, which means that you likely do not even need to bet very much on bitcoin's upside potential to be able to profit from it, so long as you put some value into  bitcoin and get off zero and don't be too whimpy about it and don't be fucking selling too  soon, even though you can do whatever you like and you end up selling most if not all of your cornz between $80k and $100k, don't come crying to me when BTC prices end up going over a $million in this cycle and either you don't have any cornz or you bought them all back at $900k. and you get recked when the BTC price drops down to $300k.

In udder wordz.. for your own good, it is better be preparing for a variety of scenarios, including upside scenarios and don't be selling most if not all of your cornz too soon... just in case. 

you will thank me later.. perhaps.  no guarantees.


Yes.. and hopefully you and your fiat-minded buddies do not end up getting too reckt because you don't seem to understand what is BTC and you end up selling way too many cornz too soon. 

In udder wurds:  Good luck with your selling most if not all of your BTC at around $100k.. You will likely need it.  No guarantees.


Oh wow!!!! you have a very long investmetn time horizon.. a whole 3-4 years.  Wow.


 
Unless you are dying or planning on retiring and living off your bitcoin, it is likely better to be thinking out further than 3-4 years.. but hey... do what you like.

Real profits from bitcoin are likely going to play out for several cycles, and anyone wanting to truly be rich from their bitcoin are hopefully thinking about how to manage their bitcoin portfolio within longer time horizons.. otherwise you may well be left with way fewer bitcoin than you could have had and merely holding on to fiat or whatever else you are planning on buying with your bitcoin, and nothing much to show for what "could have been." 


You seem to be placing a lot of conditions upon king daddy in order for its price to go up.

BTC's price can go up very quickly and several multiples and magnitudes in a very short amount of time.

Of course, it does not go straight up, but sometimes the momentum creates more momentum, so going up 2x or 3x or even 10x from here may well not take very long, even if there could be several corrections along the way.

Sure, you could be right that it takes until the end of next year and even longer for a 3x from here to actually play out, but I would not be so smug about placing conditions on king daddy as if you believe that you happen to know something about how it might be limited.. especially if you may well not be sufficiently/adequately accounting for where BTC is in light of the likelihood that we are still in early stages of an exponential s-curve adoption curve that is propelled by network effects and metcalfe principles... so if you are thinking/framing and limiting dee cornz as if it were a mature asset class, then you likely do not really understand dee cornz.... and you are mixing it up with something else...

Of course, there are no guarantees, and your idea of slow and gradual and many resistance points for the next couple of years could end up playing out.. but then again, it might not... hopefully you have enough cornz and you do not sell too many of them at various points along the way in which you believe that there are "resistance points."


Yes.  It frequently feels like bitcoin price is NOT going to go up.

Until it does.

Do you even understand what is bitcoin?

Maybe go back to the drawing board and study a wee bit moar better.

#justsaying.


And, if not the following year, then the year after that, and if not that year then the next year.

Yes, I agree with your statement, as modified by me.


Your use of the term "always" is problematic.

There are no guarantees.

Bitcoin is a great (if not the best) assymetric bet to the upside, but that does not mean that the upside has "100% odds" of happening... The word "always" assigns 100% odds to the ATH being broken.. which is categorically not true.  You have made a mistake in logic and a mistake in language to reflect your logic.


Well bitcoin price as a product has the time element contained therein, and the ONLY time that we know about is right now.  Right now, as I type this post, BTC is priced at about $29,200.... 100% true at this particular moment of submitting this post.

So if we pick a time in the future, then we have to try to figure out what is the probability that the BTC price will go to that price or that range of prices within the time that we pick.  Once the time happens, then the price either made it there or not ended up being whatever it was when it passed through that time.

Some people assert that I can choose a price that bitcoin will reach, but I cannot necessarily choose the time in which it will get there... and then we can also suggest our times as ranges too... or I could say that at some time prior to December 31, 2024, BTC will reach $100k (but I am not saying when and I am not saying if it will be sustained).

Sure, if you work with BTC price ranges and time ranges, then it is more likely that the BTC price would get within a range at a particular time, or maybe there are ways to make the price ranges really broad and the time range pretty broad too, and then it becomes more likely that the price prediction will be correct within the timeframe.

We can pick bottoms and tops too.

I personally prefer to figure out bottoms, but most people seem to get focused on the shininess of tops that may or may not end up happening... but the bottoms are something that we can say that we might consider that the price has good chances of not going below that bottom, and surely the 200-week moving average has traditionally been one of those kinds of bottoms that does not get breached too often or too easily.  It reflects the average weighted bitcoin price for the past 4 years, and throughout all of BTC's history it has not been breached very often.

Sure, it was breached a lot and even for extended periods of time for about 8 months starting from June 2022, but it usually does not get breached too easily and the BTC spot price usually does not stay below the 200-week moving average for very much time at all.. maybe a few days or a week or two at most, and right now, as of yesterday, the 200-week moving average is at 27,113, and it is moving up at about $15 per day.  Not bad.. Not bad...

If the BTC spot price goes up to higher levels then the 200-week moving average will tend to move up at a faster pace, too.. the slope becomes steeper.  You can see in the history of the 200-week moving average in this chart.

But, yeah, in this thread we are talking about tops, not bottoms, and of course, even if we are not planning to sell our BTC, we still might want to consider its value in terms of the top, and then also if we want to engage in BTC portfolio management, maybe we want to consider how much distance is between the bottom or the top in order to helop us to consider how much (if any) BTC that we might want to sell.  So if it takes all the way until the end of 2024 for the BTC price to move up to $100k, then it may well end up that the BTC price is not very high above the 200-week moving average, especially if the 200-week moving average continues to move up about $15 per day.

So if there is 515 days until the end of 2024, and if the 200-week moving average continues to move up $15 per day, then the 200-week moving average would be right around $35k  ($27,113 + $7,725). 

We should realize that throughout bitcoin's history it has been in a battle, so it does not tend to move in stable kinds of ways, and it has had recent peaks that were  16x (in December 2017) and 5.5x (in March 2021) above the 200-week moving average.  So getting 3x above the 200-week moving average seems within reasonable reach.. even though again, it surely is not guaranteed... and another thing is that the 200-week moving average may or may not continue to move up at the same pace.. it could move up faster or it could move up slower, but it could still be a decent measure in regards to figuring out how far the spot price happens to be above it (or below it in the rare cases that BTC prices have ended up going below the 200-week moving average).

The rally must come, if not this year then the following year, I think expectations in bitcoin are not a problem because prices always reach record highs as for the matter of time then we have to be a little patient to wait for it, the bullrun moment must come we must prepare from the beginning to start it.
Don't think about time if we pay attention to it then it will get bored seeing the chart there is no increase in the rally, keep using strategies to gain bitcoin while still able, if it's a matter of prediction then this is endless all have their own numbers for bitcoin in the future, but I am optimistic that 100k is close enough to the previous ATH.

If you look at the current market situation it looks like the price of $ 100k will be difficult to reach in 2024, of course everyone hopes that the presence of a halving day will make a fantastic price spike as it has happened before, but if you look at it when the price goes past $ 30k and fails again it seems like it will take time much longer to reach $100k.

It is great to hear people talk about the benefits of Bitcoin apart from keeping it as an investment. It is great to know that you are using Bitcoin to engage in international trade. Bitcoin has the potential of helping businesses to invade financial restrictions placed on individuals or businesses in some nations.

Regarding the $100K price mark next year, I believe it is possible. There is a prediction by Standard Chartered that Bitcoin will get to $120k this next halving. It is not bad to target next year to make a profit but having a plan further than next year should be the focus of long-term investors because bitcoin has the potential of going above all recent predictions. You can sell to make some profit, but keep hodling for the future because you might never be able to re-buy what you have sold in the future with your selling price

For now there is no sign of the most specific for this. But if you look at the level of correction in the price of Bitcoin itself in the last two months, I think you can also take this as a sign that Bitcoin still has square off to increase more at the end of this year. But I wouldn't say that the increase is for $100K, because there are a lot of price levels that Bitcoin still has to break within this year if the target is for $100K next year.

This year leaves only five months left and in the next five months I still believe that the price of Bitcoin will experience a lot of changes, especially changes in terms of increases. Because lately there are not many bad things that can affect the decline in the price of Bitcoin in the market so that Bitcoin has the opportunity to increase again with a note that there must be more interest in new people or new investors who want to buy Bitcoin every month without thinking about releasing it again before next year.

It depends on each of us, of course everyone has their own expectations and there is also a basis why they set those expectations, regardless of whether or not they are high. But I also think everyone also has limits so that they are not disappointed later.
Disappointment is normal, I won't argue with that. But I want to emphasize here is when my expectations reach 100k for example but what happens is the opposite, as you said.
And also actually we can't be said to have lost because we haven't sold it, because at one time if we keep holding it, it is very possible to touch 100k, it's just that the time we feel must be longer than our expectations.

The possibility for it to happened is 50/50 since there is nothing to guaranteed on respect to the price action, btw the bitcoin market is so dynamical filled with volatility and also subject to changes at anytime. Lemme not say this with all boldness but I will love to let us understand that we are all being driven by optimism were we keep hoping for the best to come out of bitcoin although most at times those who trades bitcoin finds it more profitable than holders where they all wait for the circle to take place.

Taking place connotes of having patient to either wait for the entire 3years to 4years to be able to enjoy the massive changes that leads to a newer part creation that we in particular calls All Time High. However the real holders understand that despite having ATH there is one thing for sure that we must witnessed another again and continually we shall see many phases of bitcoin prices increase and changes., Hence 2025 may not be a favorable year for bitcoin price to spike rather, predicted October 2024., However you could be right or I maybe wrong but based on speculation and assumption we can't just give a total out look of bitcoin price.

BTC $100k by 2024 wow that's good, so which means now is the best time to hold and accumulate more and more BTC so by the end of the year we might all have something wonderful, besides if Bitcoin will reach that amount by 2024 we should have been seeing some signs by now, is not that am having a dauth but thats the truth, we are all hoping for it, well Bitcoin hits $100k there will be more traffic in the market because alot of people will be tempted to sell there coin like it once happened.

Now is the right time to hold more coins for a good return.

We expected $100k to achieve in 2021, but it only reached $69k at that time.

In 2024-2025, some experts believe that the price will be above $100k. According to the pattern of the previous ATH in some bullrun seasons, $100k should be very realistic to achieve. However, Bitcoin price is basically unpredictable, no guarantee what the price of next ATH is. So, I actually have no idea about $100k really to be achieved or not. But the next ATH must be more than the last ATH, personally I am sure it will be above $80k.

Indeed. The next bullrun probably happens in 2025, but there is no exact prediction about how high the price will be. So, I'm also not really sure whether it will be passed $100k or not. I think we must have an alternative exit plan (selling) if the price fails to achieve $100k.

I am not too much of an Elliot Wave and/or technical analysis fan - especially since many times, those kinds of wave theories are a bit off base, since they likely fail/refuse to account for some of the specific immature aspects of bitcoin, including the likely exponential s-curve adoption component that is based on Metcalfe principles and networking effects...

but anyhow, are you suggesting that my assertion of a likely deadman's zone between $55k and $80k is supported by Elliot Wave principles.

I did click on your link and I do see that your future projection of wave 4-5 does seem to show the BTC price passing through the previous ATH.. in a very similar way as I have characterized.. .but still my ideas are no way even attempting to incorporate Elliot Wave ideas or even to say that anyone should be attempting to trade much if any of their BTC based on Elliot Wave.

I was expecting that price last rally but it finished earlier than most expectations. This time we are pretty sure we will see that price tag. This target is something that is expected by almost everyone and there is no reason for it not to happen.
I'm not so sure about the time though. We may see it in 2025 if not 2024. I don't have a top price prediction but wish it will go as higher as possible.

Indirectly this says that having expectations is of course okay but don't have too high expectations in this case because we also have to be aware that there is always a process in every increase and this is also not one of the instant wealth barns so in this case when our expectations are not too high it is possible for us to feel that the plans we are doing in bitcoin are very satisfying.
The problem is that many people sometimes think of expectations that are too high. Although indeed the expectation is also not wrong and still possible to happen but of course there must be a vulnerable time so that the increase from bitcoin still looks quite reasonable. The hope of being in bitcoin is something very good but don't let your high expectations actually make you lose confidence because of expectations that should take time you want it in a short time.

By Elliot Wave analysis, a technical analysis method that have stood the test of time, Bitcoin have completed a market cycle that entails 5 impulsive waves (12345) followed by 3 corrective waves (ABC) as shown in https://prnt.sc/W0olQYtpH0gP. Another cycle of 5 impulsive waves just started and this will see the terminus eating the ATH with ease. Your project is really in line with expectations given the history of Bitcoin and events lined up to happen going forward.

So, I feel the future look exciting for us as a lot of factors including the Blockchain technology itself is in support of huge demand cum high prices for Bitcoin.

I feel the OP is basing his projection entirely on the Bitcoin halving that is happening in 2024. To me, even though this have the tendency, it is not enough to cause such price surge. Rather, another thing I feel will drive this price is creating more use cases for Bitcoin; There should be natural demand driven by needs of more new users and institutions. Personally, it was needs that made me hear about Bitcoin; I was practically frustrated by FX restriction in my country and by nature of my business, I must find a way to get payment across borders else my business would crash. Asking around reveal this amazing technology that saved my business and made life easy for me. I know there are lots of people like the former me in many jurisdictions who need to know about BTC. This is what I feel will create the demand that can cause explosive and sustained rise in price.