Topic: BTC 100K FOR 2024 ! - page 13. (Read 2211 times)

It's a big thing and it's getting more and more popular if the bitcoin price can reach $100k, right now it looks difficult but I'm sure $100k will happen soon, if the year the price can reach at least $50k then a maximum of 2 more years or 2025 the price will reach $100k, moreover In 2024 there will be a halving day which will usually make prices skyrocket.

But what if the price is above $30k or $32k? What evidence will prove that once bitcoin crosses $32k, we will get out of the bears and not be able to drop below 20k$? If you keep assuming that the 4-year cycle is repeating itself, then even if bitcoin hits $40k, there's no guarantee that bitcoin won't fall back, let alone $30k. If I'm not mistaken, bitcoin also crossed the $30k mark in March, but we couldn't stay there for too long.

2024 is the year the halving will take place, and if I'm not mistaken, the bull season will only come 1 year after the halving, so we can't expect bitcoin to hit $100k in 2024.

What if that 4 year pattern that we have been using to predict the growth is priced in already? What if we have focused on scaling price and didn't realize scaling time as well? That we were trusting blindly to 4 year pattern meme and enough fundamentalistic to keep pushing new hights as fast as we did before?

Imho there's a high possibility that bitcoin doesn't rise that much in this run. Well either this or next one, fundamentals tells me that this growth rate feels unsustainable against the hash power that network is going to take.

This price was predicted to be reached by Bitcoin during the previous bullish period but apparently, it was not reached, so for the future bull run it is very possible to achieve it but it will happen several months after next year's halving.
The attacks that are being experienced by the Bitcoin network will make people focus more on the current situation than predicting the price that Bitcoin will reach, even Bitcoin is very likely to fall from the current price, because people who trade normally in bitcoin consider it to be unprofitable considering the network fee which can be said to be unreasonable even though this is not as high as the ETH fee some time ago.
So a price of $100K will Bitcoin hit but not anytime soon.

it doesn't matter, even if you say $1,000,000 
everyone is free and has the right to predict the price of bitcoin, but the current facts say that it is already May and the price of bitcoin is still stuck below $ 30k. $30k is a resistance point that is difficult for bitcoin to penetrate, counting only a few times bitcoin penetrated $30k but failed to stay above $30k because the price fell again.

Everyone thinks it will be 100k$ or more by the year 2024, but of course this is still a speculation until it happens. But even so, a lot is expected in that regard. That's why many hold bitcoin.

       That's why what's happening right now is that the fees are too high for every transaction made by bitcoin holders. Couldn't this be a test of bitcoin heavy before it kicks the market really hard again?

Bitcoin's ATH was not last year You are misrepresenting. The year 2022 was very painful for Bitcoin investors due to the worst performance of Bitcoin. Bitcoin market is not easy to predict as anything can happen anytime in the market.

So it is difficult to predict when the bull market will start, so I think Bitcoin may take longer to achieve your target. But I am very optimistic that Bitcoin will achieve the $100k price target in the near future and give Bitcoin investors a long relief.

Unfortunately Bitcoin doesn't work this way by beating whatever high that was left the other year to set new highs the following year.
For highs to be made, something has to stimulate the markets say new regulation, influential or big country adopting crypto or someone like Elon Musk twits or signals a positive that the world should support the stride made by crypto coins. Otherwise price àction does suggest a bullish trend , just not sure if it will have the momentum to reach 100k.

I totally agree with what you said, Bitcoin is unprofitable and probably only whales are able to speculate accurate prices due to they own huge amount of a certain digital coins, that means the whole market is controlled by them. In my opinion, Bitcoin will never reach ATH during the year, it is unrealistic to be achieved to be honest but probably the price will rise significantly in next year ( after the halving) , how much it will increase ? We don’t know.
Moreover, it is better to invest more than you can afford to lose in this period due to the price is affordable , and I highly doubt if a solid bull run will be occurred in the next few months.

In fact, no one can predict exactly when the price of Bitcoin will reach in which place. And In my think in 2023 Bitcoin can't beat the range of 60k and also think that on 2024 bitcoin will reach at a good place for the halving or bull trend ,but I won't think it can be confirmed that it will touch 100k on 2024k but together 2024 and 2025 in the end of 2025 we can see that bitcoin may touch a new all time high and also many giant tech firm and analysis says that .

We know that the $100k price tag is always very close in 2024 maybe they think after the immediate halving there is rapid growth with the bulls to come, but I don't think it will be influenced by other big things because adoption of course requires a longer process, but I think anything can happen if the price has exceeded ATH again in the year.

I think I've prioritized from now on before the bullish season comes sooner so I'm going to move more focus on bitcoin to accumulate from the lows, so when the time comes quicker due to some adoption then we're ready with more bitcoin from early collection.

At least prepare from now, we don't know if it will come earlier?

2024 there will be a halving so the hope to see the price skyrocket is huge, many are hoping to reach at least $100k but the price is $100k of course it depends if 2023 can reach at least $60k or be as close to ATH as ever, don't expect the $100k price to happen in 1 or 2 months if the current price is still $27k.

$65,000 as an all-time high is rounded off  and it is also a psychological price, there are some people even telling $60,000 is an all-time high. So it's ok for me.

About the new all-time high for 2024, I am really looking forward for this because I am also basing on the Bitcoin block halving, because on past bitcoin block halving of Bitcoins, before the event we always see upward price actions on Bitcoin.

Ironically the more people think 100k will happen I think that makes it less likely, ideally nobody thinks its possible then we can rise.  2024 is next year but its only 6 months which means people are too expectant of gains which leads to trouble, I'd be more comfortable if people said 2025 then its almost realistic and out of reach so not a trouble.  
  When you put down 2024 there is for sure more then a few people who will be ready to complain on January 1st if its not happened and Im almost certain it wont.   I reckon we probably have to sell off in early 2024 to rid the disillusion of the weak holders the over balanced over leveraged speculators first before it can really rise, that would imply then the end of 2024 at the earliest for such a gain.  Every prior milestone from the 2021 rise onwards is now lying in the path of gains and its presently weighing a ton resisting price action for BTC moving it out of the way.

If I don't have good personal portfolio, there is no advantage for 100k or more bitcoins price. Moreover, many of us hope for Bitcoin's ATH with a small amount of Bitcoin, so if Bitcoin gets it's ATH, even if it is 3x of my small amount of wealth, it will not be effective for me. So a Bitcoin holder needs to plan for the long term and move forward. Otherwise it will be almost impossible to be profitable. Those who are accumulating bitcoin with DCA in one stage they will be benefited from the ATH of bitcoin.

You'll see the variety of thoughts for 2024.

There goes the many that hopefully are waiting for it to reach at $100k and there goes those that don't like that thought of thinking that it's gonna be a year of reaching new ATH.

And for you to say that last year bitcoin reached $65k ($69k ATH), well, you should look first at what year that happened because you're lack 1 year of saying that because it happened on 2021.

I don't know where you got the $65k last year price. But the information is wrong and 65k is not even the ATH.
I don't know how and why this $100k hype has started again and this time around it's coming earlier than expected. I do not have any expectations in $100k price. During the last bull run, at the heat of it, 100k wasn't achievable, so I don't see any hype that will pull btc to 100k by 2024.

I suppose that when you say 2024 you are saying that the whole year of 2024 will not end without the price reaching 100K, as you did not mention the month and you only speak the year 2024 I could even tell you that it is not a price forecast impossible to come true, but it is a much more difficult price forecast to come true, at least based on what we are currently seeing, it may be that in a few months the scenario will be very positive that will lead us to dream of 100K next year, but the point is that even above 32000$ the price is not, which means that we are still in the danger zone that would be to go back to 15000$

as long as the price remains below 32000$ there is still a greater chance of seeing the price fall a lot again and touch 15000$ and then we will see the price below 30,0000$ for more long months and that is why a forecast of 100K does not make much sense in the current scenario, if we were at a price of 60,000$ then there would be a good reason to dream of 100K even if it were not for 2024, it could be for 2025, it would have a chance of reaching 100K, but we are currently in a dangerous situation where buying can be a risk, that's why even I prefer to keep an eye on the path we are going, only after I see the price above 32000$ would I be calm, but I don't believe in 100K even in 2 years

Yeah, 100k is simply not gonna happen any time soon, not even 60k for that matter, and anyone who believes that is high on something. Hopium? Copium?

In fact, I'll be surprised if the price doesn't go the opposite direction, but let say we live in a parallel universe where bitcoin managed to go from ~30k to 100k within a year, I'll be more scared than happy, knowing that the crash would have more blood than any from before.

That is the reason why this thread deserves to be on the speculation board because the goal is to predict what will happen tomorrow or the next days regarding the bitcoin price. Of course you can suggest a better solution than thinking too much about what will happen tomorrow, one of which is planning an investment.

Bitcoin price movements are always difficult to predict for one reason or another, but in general you might be able to use several factors to do both fundamental and technical analysis, it will definitely be useful for your long term investment plans. I've said that $100k in 2024 might be too high to hope for, but of course if bitcoin isn't impacted by big things.