Topic: BTC 100K FOR 2024 ! - page 15. (Read 2211 times)
In my opinion, the price of Bitcoin could potentially reach $100K in 2024 as long as there are no threats to it in terms of competition and regulation, its limited supply and increasing popularity will ensure that it continues to reach new highs in the future. Moreover, if the bitcoin halving later occurs, the potential for printing new ATH is very possible. This has already happened where the Bitcoin price has reached ATH several times in the past, so it is possible that in 2024 the bitcoin price will reach $ 100k which is a new ATH.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
Bitcoin's previous ATH happened in 2021.I think this year it might be full 100K Final bullrun for the coin.
We are currently in 2023 and still waiting for the new ATH to arrive. This year it is still difficult to move past the previous all time high (ATH) and is unlikely to happen based on the course of the market in recent years.
In 2024 I don't want to say it will happen because I still see how the price journey this year which is still in May with the situation still having difficulty reaching the price of $35k.
We got the employment numbers last Friday and they were very high. Employment is very tight. Not good for inflation. Good for stocks because earnings will be up but not for the fed rate decisions.
Our next CPI is estimated to come in at 0.6% which obviously is not ideal. It’s 6-7% annualized which is far from the 2% target. If there are no more bank failures and inflation stays this high then we might get more rate hikes and not good for stock or crypto.
Our next CPI is estimated to come in at 0.6% which obviously is not ideal. It’s 6-7% annualized which is far from the 2% target. If there are no more bank failures and inflation stays this high then we might get more rate hikes and not good for stock or crypto.
Regarding interest rates, I don't think the Fed will continue to raise rates as they have already hit their target of 5%-5.25%. Increasing interest rates further will not tackle inflation but will push the economy into recession faster. What is more frightening if they are maintaining this interest rate for a long time will also cause many consequences as much as continuing to raise interest rates. I think banks will continue to collapse in the near term, and that will make the economy worse. Many people think that's good for bitcoin, but I don't think so, bitcoin is also part of the world economy. People are having financial difficulties, even daily living expenses are a worry, there is no way they are willing to spend to invest.
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65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
What you think is based on just that: that you think it. It has no basis in fact or pattern. The most likely scenario, according to bitcoin's past history, which is the only thing we can rely on to get an idea of future behaviour, is that $100,000 will be passed within a couple of years.
To say that the price is going to surpass that figure this year by looking at a bitcoin chart is mere lucubration. It is not impossible, but I see no reason to think so.
We got the employment numbers last Friday and they were very high. Employment is very tight. Not good for inflation. Good for stocks because earnings will be up but not for the fed rate decisions.
Our next CPI is estimated to come in at 0.6% which obviously is not ideal. It’s 6-7% annualized which is far from the 2% target. If there are no more bank failures and inflation stays this high then we might get more rate hikes and not good for stock or crypto.
Our next CPI is estimated to come in at 0.6% which obviously is not ideal. It’s 6-7% annualized which is far from the 2% target. If there are no more bank failures and inflation stays this high then we might get more rate hikes and not good for stock or crypto.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
This year? nah, I don't see bitcoin reaching $100k, we are not yet in a full bull run. We have the wait for the block halving next year and then we will see how it goes. For me maybe a good $40k'ish price will be good before entering next year.
Of course who wouldn't want the price to see 6 digits? But not this year though and as far as $100k in the next bull run, there are still a lot of factors to look at, regulations, FUD, supply and demand, etc. So let's see, the best thing for us to do is just continue to accumulate though. So in case $100k or higher can be achieve next year or 2025, then we will sure make a lot of profits.
Estimating BTC price FOR 2024 is an impossible task, the world is changing dramatically and no one will be able to estimate the price for the next six months, let alone more than 16 months.
Even relying on historical data will not be meaningful, as we have things such as inflation, the war crisis, recession, and the repercussions of COVID-19 with the absence of the buoy and the attempt of many countries to abandon the dollar, and SEC’s economic war on cryptocurrency exchanges. Therefore, it is almost impossible for the historical data to be accurate.The price could be very close to the previous peak, but it is too early to think about the price of 100,000, because supply has begun to decrease, but not to the extent that makes the price move much.
Even relying on historical data will not be meaningful, as we have things such as inflation, the war crisis, recession, and the repercussions of COVID-19 with the absence of the buoy and the attempt of many countries to abandon the dollar, and SEC’s economic war on cryptocurrency exchanges. Therefore, it is almost impossible for the historical data to be accurate.The price could be very close to the previous peak, but it is too early to think about the price of 100,000, because supply has begun to decrease, but not to the extent that makes the price move much.
Predicting the future is impossible, even predicting the bitcoin price for tomorrow is already an impossible task, let alone by the end of the year. History does not represent the future, but without history, there is no future. So there's nothing wrong with people relying on history to predict the future, and it's all conjecture, no one makes any definitive statements.
Admittedly, the world is going through a period of so many events, it can turn everything upside down and create a new history. But nothing has happened yet, so we can still expect old history to repeat itself.
Probably so. Saylor and few others were saying back in 2021 BTC will be 100k, of course we all know it didn't happened.
Not that Saylor and others are also saying more than 100k, you can already see where this all go. Ark Invest CEO Cathy Woods even says $1M. So don't expect much of it, but follow what the indicators of the chart. When its price hit ATH, its time.
Estimating BTC price FOR 2024 is an impossible task, the world is changing dramatically and no one will be able to estimate the price for the next six months, let alone more than 16 months.
Even relying on historical data will not be meaningful, as we have things such as inflation, the war crisis, recession, and the repercussions of COVID-19 with the absence of the buoy and the attempt of many countries to abandon the dollar, and SEC’s economic war on cryptocurrency exchanges. Therefore, it is almost impossible for the historical data to be accurate.The price could be very close to the previous peak, but it is too early to think about the price of 100,000, because supply has begun to decrease, but not to the extent that makes the price move much.
Even relying on historical data will not be meaningful, as we have things such as inflation, the war crisis, recession, and the repercussions of COVID-19 with the absence of the buoy and the attempt of many countries to abandon the dollar, and SEC’s economic war on cryptocurrency exchanges. Therefore, it is almost impossible for the historical data to be accurate.The price could be very close to the previous peak, but it is too early to think about the price of 100,000, because supply has begun to decrease, but not to the extent that makes the price move much.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
ATH is only generated after the halving, and the halving is more than 365 days away, so expecting a new ATH this year is almost impossible unless there is a change that history does not repeat, we have a new history...Many are predicting that bitcoin will hit $100k in the next bull season, which is a beautifully rounded number, but I think it will be even higher than what people want.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
The highest recorded price for Bitcoin was around $64.978k on 11/11/2021 (I think you consider it as $65k, would you?), 2021 which is considered a new ATH and didn't break so far.
This year? I doubt it will not.
We've expected Bitcoin to halve next year and the price will usually break another ATH would be after a year based on previous events. So it might be in 2025 Bitcoin will possibly reach that amount considering another Bitcoin price ATH.
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This wouldn’t mean much because almost every investor will be expecting a high price, so people that have intentions of buying more will just accumulate some now and sell when the price is high then go back into buying again once the bearish period surfaces again. So I don’t think anyone who knows the trend will be upset about it
It may not really matter, but you know, some new investors may also be hoping that the market can drop way more than it is now so they can buy more, but I really wonder why they expect the price to dip more, maybe because they don't know more about Bitcoin volatility. The bitcoin price is supposed to be becoming bullish gradually by now, but it even seems as if the $32k mark might not be crossed this month. Based on the OP's speculation, I don't believe Bitcoin can reach $100k this year, unless the bull run is going to even happen before the halving takes place by 2024.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
65k is not the highest ever price, it was 69k in 2021 and not last year. Although it is hard to predict or speculate a volatile asset like bitcoin but considering the past cycles it is possible to reach 100k after the 2024 halving. Just like the past halvings, we can see the price continues to rise before the halving anc following this sequence it is possible to see a significant rise to 100k a year post halving. But not withstanding there are factors mostly economical or governmental policies that drives bitcoin prices and we don’t know what the future holds in regards to this prices. Also has the block reward for miners reduces to 3.125btc, also the amount needed to get mining tools many miners will leave off mining. This could also have is impact on the price. So base on past halving experience 100k is possible but not assured base on future circumstances.
Your speculation is really so high, which is good, and of course, who will not be happy if Bitcoin is able to hit $100k this year? Only those who have the intention to buy more would feel a bit upset about it.
This wouldn’t mean much because almost every investor will be expecting a high price, so people that have intentions of buying more will just accumulate some now and sell when the price is high then go back into buying again once the bearish period surfaces again. So I don’t think anyone who knows the trend will be upset about it
I also think 60K is more realistic. But come on, that was already in 2021 as Dr.BitcoinStrange says.
This year should be more if everything is correct.
This year should be more if everything is correct.
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Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
Bitcoin was never $65k last year, I think you are talking about 2021.
Your speculation is really so high, which is good, and of course, who will not be happy if Bitcoin is able to hit $100k this year? Only those who have the intention to buy more would feel a bit upset about it.
Bitcoin is one of the most difficult assets to speculate on because of Bitcoin's high volatility, there is no doubt that we can see a 100k Bitcoin price since Bitcoin price is always unpredictable, but then we have to put some things in place that could aid us in coming close to the future realities of bitcoin.
First, we must take into consideration of the Bitcoin cycle calculation and charts to know what exactly influences Bitcoin price at that time, the year 2023 has been filled with a lot of positive Bitcoin price attempts and price recovery after the 2022 cryptocurrency market fall., Bitcoin will likely touch somewhere around 50k to 60k this period before 2023 elapse but I don't think we can go anywhere near 100k in this 2023 market cycle even though Bitcoin price cant be predicted.
First, we must take into consideration of the Bitcoin cycle calculation and charts to know what exactly influences Bitcoin price at that time, the year 2023 has been filled with a lot of positive Bitcoin price attempts and price recovery after the 2022 cryptocurrency market fall., Bitcoin will likely touch somewhere around 50k to 60k this period before 2023 elapse but I don't think we can go anywhere near 100k in this 2023 market cycle even though Bitcoin price cant be predicted.
https://i.ibb.co/PhSBhJW/BTC11.jpg
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
65K Last year record price ever !
I think this year it might be full 100K Final bullrun for the coin.
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