Topic: BTC Price Prediction: $350k before the end of 2022 - page 5. (Read 967 times)

$350k will need at least 10 times the volume institutions poured in to take btc to $65k. Speaking numbers is easy, turning it into reality isn't. Btc is still bound in the range of $30k-$36k and it retraces up/down after touching those areas. The positivity in markets can also be a bull trap by marker makers to grab their chance to sell their coins for high price. You are helping them by speculating a figure which is not a 'sane speculation' because even I started thinking btc would go $1 million soon but it didn't. Turned back from only $65k. 

I agree with the replies, we already had a huge bull run and even though we may yet still see a good increase in the near future, I doubt that a huge bull run that goes on until end of 2022 doesn't seem plausible at all. I have been right before when it comes to crypto and I have been wrong as well, I am not 100% right nor 100% wrong when it comes to predicting, so far I have been "fine" with my predictions.

However even I can tell that an increase that goes until end of 2022 is unlikely because that is just way too long, if we didn't had a big increase recently I would say that it is possible but the reality is that we already had a year long increase, so what you are saying is a whole year of increases and a few month of bear followed by over a year of bull run once again, to sustain that we would need the whole world banks to shoulder some load which I do not see happening at all.

I don't think this is likely. I do agree we're in the early stages of the bull market, but much earlier than you say. I think this will be more like a 5-10 year bull market. If there is one thing we saw the past 6 months that is clearly different than what we saw in previous cycles, it is that buyers are much more wary of huge price increases now. Two reasons for this.

First, institutional investors are more wary in general and aren't gonna jump on a bubble or throw everything they have into bitcoin like retail investors do. Second, most people have pretty much known about Bitcoin, even if they don't really know anything specific about it, since 2017, so not a whole lot of new people coming into the market are hearing about it for the first time and jumping in with a bunch of money, which is what characterized all the previous bull runs - hear about bitcoin and people making tons of money quickly, throw a bunch of money in, then top hits and price starts crashing and panic sell everything. This is how we got insane tops and huge long crashes. Those days are over. Now when you talk to the average person about bitcoin their concept of it is "it always crashes". So if they do decide to get in on a bull run they are much more wary and don't throw everything at it and get out more quickly.

And thus instead of going to like $150k this year and then dropping to like $30k we went to $64k and never got the huge blow-off top, and just had a very short crash which already seems to have been bottoming this past month.

Expect this pattern to repeat. Price will go up a lot but nothing compared to previous bull markets, then people and institutions get wary of the price rise and something starts a panic sell and we get a crash but it doesn't take too long for people to feel comfortable getting a bit back in and the next medium term cycle starts over.

Right now we're in the bottoming phase of the first of these shorter macro cycles (which will replace the 4 year cycles for the most part - though the 4 year cycle will probably play into the new shorter cycles to make each shorter cycle after the halving bigger than the other ones). Next year maybe the price goes to $120k or so before another pullback, it won't get anywhere near $350k. Maybe by 2024 it's at $300k, and the 2025 post-halving jump perhaps takes it to $500k peak for that year. I expect this mid-term cycles will take 12-18 months and will last basically for the decade until the market matures and Bitcoin is normalized as a smart investment and it's no longer strange for a company or bank or person or even smaller country to hold some money in Bitcoin. I expect this first one to come to and end this summer once Bitcoin finishes bottoming out in the $30,000s. It'll probably have several months of build-up as people gradually accept that it isn't gonna keep dropping, then at some point you'll get it shooting up again with corrections here and there, lasting a few months, and then the market will get wary again and slow down and at some point panic will build and it'll drop 50% or so again and maybe bottom in the mid-to-high 5 digits late next year as the second of these cycles comes to an end. This will keep going in a somewhat random but still cyclical fashion for a bunch of years.

Just don't get your hopes up too much for insane prices rises like in previous cycles. Those days are probably over. Expect on average 50%+ gains per year and you'll be happy. Even 50% gains each year starting this year puts the price over $1.1 million at the end of the decade, so that is plenty of growth and expecting more than that will lead to disappointment, of course there will be peaks and valleys along the way, but $350k probably belongs on a 2025 timeline, not 2022.

This will never happen.

That comparison is like 2021 is the 2016 and then 2022 is 2017.

Every such analysis and prediction as long as there's an interesting and valid points, it is such a good thing to read. Who else doesn't want to see bitcoin reaches $350k? well, the majority of us would love to see that.

We will only going to see how things happen when we're close to the end of this year and next year.

I still think this price forecast is a big exaggeration, at least I think the time you are saying that the $350,000 price will be reached is very short considering that the price will not just be going up, eventually there will come a time when it will be falling, and in my opinion next year will be the time when the price will be falling

Okay, $350k in 2022, then what? $3.5m in 2025? $20m in 2030? Bitcoin can't exponentially grow forever, in fact if $64k was the top of this cycle, it would already mean that it slowed down its growth rate, and people really need to readjust their moonmath models, or they will keep getting disappointed.

Within such a short span of time, it is quite tough to see such a price for Bitcoin. Even if it happens it will be the biggest bubble of its time because the market capitalization reaching that high so fast does not looks genuine. I believe if we stay patient we might reach this mark gradually and slowly so that at least it sustains at that price.

A bull run of 46 months?

I would wish that to happen but let's be realistic, much us we love Bitcoin ad what it to even go past $1M. The projection is not possible. The bull run which I personal expected to start this year, started last year which means by the end of this year, we may already be in crypto winter.

Let's see how this goes.

I was thinking something like this when I was reading the OP. Anyway, I don't think bitcoin has to follow a deterministic price pattern that behaves as you say either. What we know is that so far, it has behaved that way, but in the future it may change. Mind you, I see it as more logical and with more basis than what the OP says.

You never can tell what will happen in the next couple of months have you forgotten how volatile the Bitcoin market is and how it can rise to any amount so long as the market demand keeps increasing. The ops are right in his way and the prediction may come to pass.
I agree with you given the present market condition #350k Bitcoin price may look unachievable for now

This is not even about how bitcoin price will reach $100000, it is about how the price will reach $350000, not even in the next four or five years or some other years to come but next year, imo I do not think the price of bitcoin will reach $350000 at that time. This is the time we need to be patient, wait and look what will happen next, I am predicting there can be bear run but also just a guess. Although, if there is bull run, I have some amount bought at $30000 already, but yet preparing for bear run if possible which will make me buy more.

Hey all,
We are still in the early stage of this uptrend cycle. This cycle will go on till end of 2022 and the peak will be about 350k per BTC. When it hits its next market cycle peak, bitcoin will have a market cap of $6.5 trillion. Total market cap will top out around $10–12 trillion combined BTC and altcoins, roughly on par with gold’s market cap today and the inflation-adjusted value of the dot-com boom.
It took 24 months for bitcoin to go from its low of November 2011 to its high of November 2013. It took 35 months for bitcoin to go from its low of January 2015 to its high of December 17.
Extend that pattern and we can predict it will take 46 months for bitcoin to go from its low of January 2019 to its high in October 2022.
The image was done on 2020 so the "Today" time is not now in 2021, but I find this analysis is rather OK.


You can read the full analysis in this post: Is Bitcoin Nearing Another All-Time High? Why, When and How Much