Topic: Can Bitcoin reach 100k USD in 2024? (Read 2192 times)

I have a possible bet, if Trump wins the price is very likely to at least touch $100k, if not by 2025 when the effect of the elections has passed, but it is very likely that a bullish trend can be set for 2024 and that obviously by 2025 the trend will be much better, I personally see it that way, it is the closest fundamental we have and at the same time it is very important to consider it, those who say no is like blinding themselves, or worse yet, deceiving themselves, sometimes the reality of things has to be accepted.

In a recent financial report, Tesla said it still holds bitcoin and has not sold any bitcoin.


https://www.forbes.com/sites/digital-assets/2024/10/26/tesla-bitcoin-moves-may-no-longer-shake-the-market/

Regarding market movements, I think we should not rush to make predictions based solely on our emotions and desires. Many people make predictions based only on their own expectations and forget that the world economic situation will determine the market's performance. As we have seen, bitcoin has been doing pretty well since the beginning of the month so far but just one news of war between Iran and Israel sent bitcoin and the entire market plummeting.

So let's be realistic, as long as the world remains unstable it will be very difficult for bitcoin to make any progress this month, next month or next year.


source: reddit

The price range you mentioned is indeed happening at the moment, but to go to the $73K price level, it seems we should expect that in the following month because currently Bitcoin is still holding at a price of $67K with a very small correction rate. In addition, I also hope that large companies like Tesla still want to hold Bitcoin tightly without any intention of selling it in the near future because large companies like Tesla must still have a lot of Bitcoin until the end of this year so that the company could have an unexpected influence on the current market.

Better to low your expectations so that you wont really be ending up on getting disappointed because the price didnt really hit up into your expectations. I have already that learnt in the past or on the moment that im still that newbie into this space on which i do really love on making up some conclusions on which i do really end up on frustrated because it didnt hit up on what i do have in mind. On the moment that you do able to gain up that sufficient experience then you would be able to realize that this isnt how this market works. You would really be definitely be making up such changes on how you would be making out such treatment.
You are the ones will really be that making such changes basing up into your behavior.

Can it reach $100k for this year 2024? No one really knows because we do know that there's no one that would really be able to predict on what would happen in the future. We are already closing this month of October on which it is really just that only 2 months left for this year 2024 and we arent that even breaking yet that 70k price level on which we are really that wanting for it to happen. As we do tend to look around
then there's no much positive sentiment or news that could really be able to push the market into that higher levels on which you would really be able to assume out that it will really be
that hard to reach up that 6 digit price on the current market condition. Somehow, there's no way to predict or to know on what are the upcoming possible unexpected events that could happen.

I'll give OP an answer that can register in the next 9 days.  If we can clear this 69k area, close above it on weekly bars and end the month with 69k confirmed below us in ongoing price action and any reasonable volume available then sure 100k is a fair bet for 2024.

More likely if we just idle onwards, more a mule then a thoroughbred in pace.  Theres no crime in that, the surer step is taken more slowly then a gallop so its no negative that OP might have to wait 6 months.  I'd just like to give a scenario where the build of the last few months if confirmed in this month with that strength of a close then it makes 100k more probable then any other time in 2024 I guess.

Without a doubt someone clear that it can happen, in this trading, in holding there is something that has a special characteristic for it to be fulfilled and that is waiting, and whoever knows how to be patient and wait can go very far in both trading and investment, but in investment the wait is much greater, it would be very scary to withdraw some BTC knowing that it is on the right track and suppose that in 15 days it then goes to $ 100k or more, because in fact for me when BTC reaches $ 100k it will go through there easily, that will continue to grow and that is noticeable by the number of new trades that are seen in the market, and this knowing that the volume in BTC is not entirely centralized in an exchange as such, there is a lot of volume data that makes it seem that it is not exact, even so it is noticeable that it can go up in price.

$100k could still be achieved this year nobody knows or it could also drop below the current price it is now that is Bitcoin for you, those investors who panic when the price of Bitcoin has not gotten to there expected target are those that are new in Bitcoin investment or inexperience just as you have said for experience investor who has been into Bitcoin investment for long will have the knowledge that Bitcoin will do well in the future won't have any reason to panic because Bitcoin price hasn't gotten to his desire price. As we can see Bitcoin price is still in a good trend, as an investor our most concern should be how to increase our Bitcoin portfolio by accumulating more Bitcoin and HODL for long either with the DCA strategy and continue hodling.

Maybe some investors will also panic when the price does not reach the target. especially for those who are new and less experienced in holding their investments.
Bitcoin's current trend is good, but we will never know if its growth can reach $ 100k or below, before experiencing a price decline. we certainly expect the price movement to continue to grow. but everyone who is experienced knows how this market can quickly fall after a pump.
$ 75k this year may be achieved but if you expect $ 100k, maybe next year.

Every investor must have a plan that they have prepared carefully before investing, that is one thing that I admit is true. Regarding strategy, each of them also has a different strategy with different budget strengths too. Long-term investors will accumulate bitcoin over time, but I can also expect seasonal investors to continue adding to their investment portfolios when the opportunity arises.

Despite the different strategies and budgets of each investor, we are all aware that the goal of everyone is to make a profit. They could sell gradually in the $70k to $100k range, but it's also possible to get them to continue holding until bitcoin prices peak next year. Bitcoin's price increase cycle is still long, so most of them will definitely wait patiently.

No bueno for 100k this year is still my impression but I do like this current action.   Theres still hurdles ahead and that will really determine if I think we end 2024 with new prices or just repeat prior price action.

Neither scenario is a negative, to me its a question of time.  People want a rocket up but I reckon we actually go farther for longer just setting sail as moving past resistance is half the problem.   The shape and pattern of BTC in this year has convinced me its staging for much higher prices including 100k and 100k is merely a round number a convenient handle to reference that positive action but unlikely to be the top imo.

I can agree about how there is no guarantee about it, but we need to keep things realistic as well. For example, in "theory" there is nothing stopping bitcoin becoming a million dollars next month, on paper this is a possibility that we can see. But when you think realistically, do you really think we can see a million dollars next month? Of course not, we are not going to be that high not in a month, not in a year.

So, there is a realistic level we can trust, truth be told 100k could happen this year at the current moment but this doesn't mean we are going to end up with a bad result or anything like that, we could just be stuck at 90k or something, or fail to crack over 100k because it is a psychological barrier for most people. This is why, while I agree we could see such a price, there is a possibility we probably won't be seeing it that high. There are situations where things are a bit more possible and in this case being under 100k is a bit more possible.

Possibilities will always be present in October to December this year whether the acceleration or deceleration of prices, for example the market is rising Tesla also follows moving its assets, so that it creates high volatility like in the near future. My assumption is that BTC will move sideways first in the range of $66K- $67K for a while before heading to 73K first.

There's no such thing about certain thing about Bitcoins price on this year of 2024. We are still that 2months and half for this year to be over and we are already past half if we do speak about the value
on which it will really be that normal that there would really be those people who will really be telling out their own insights on which its not really that bad at all because this market had been always that
speculative on which there's no way that you could really be able to tell on where it would really be going. We are already past halving event and if we do based up into those previous cycles and on the timeline that pertains about that price pumps or increase then we arent that still there. This is why it would really be that ideal that you should really be knowing on placing up yourself on the bottom on which you could be able to make profits on the time or moment that market will really be making out some significant pumps.

It doesn't matter, but even if they are empty words as you say, he has shown his support and that is enough, while other politicians only want to hide and not bring out this economic technology, when we look at it, Trump is interested in everyone being well economically, that everyone has wealth, that is what matters in the end, if in the world they thought like Trump then things would be very good, I say this because I have read his books and really the guy has very high morals and if he applies this or they let him apply it to the USA then things would be better, so that is not the main political point, we have to see other things, but I think that Trump in economic matters is much better prepared than Kamala or at least has a higher financial education.

I don't think she is pro-crypto/bitcoin, I think her views on crypto are neutral. Because so far she has never mentioned or expressed support for crypto/bitcoin in her campaign. If elected, she probably won't be too friendly with it, but she won't be too tough on it either, because stopping its growth wouldn't bring their interests either.

Many countries are also becoming more friendly and focused on crypto/bitcoin. The US has never been behind or lagging behind in any area of ​​the world, so they may not like cryptocurrencies but they cannot afford to fall behind the world either. That's why I think whoever gets elected the crypto industry will continue to grow but there's no denying that it would be great if we had a pro-crypto president.

Indeed. Trump has nothing to do with Bitcoin. He suddenly supports Bitcoin and crypto because he wants to take attention of crypto users, especially those who live in USA. So, it is expected to get their votes. However, I think we too early if we claim it is an empty talk. No one knows what Trump really plans for his support in crypto. He can be serious to utilize Bitcoin for the US economic purpose. How if he think to solve the problem of US huge debt? Even if it looks a bit ridiculous but it is possible, right? Still, I agree that we don't expect much.

By the way, if Trump wins, there should be great excitement that may trigger the hype. So, it is not impossible if it can bring an influence to crypto market. If the investors become more optimistic with crypto/Bitcoin investment, there may be a bigger demand in crypto. Even this is also a market manipulation, we can't deny the impact of the Trump's issue.

Well, if he isn't elected. There may be a dump, but it should be a temporary dump only. As some people already said that Kamala actually supports crypto/Bitcoin. He isn't likely fighting/against crypto.

Exactly. It will be only very clear whenever they already made a policy related to crypto/Bitcoin. During the campaign season everything will definitely look very sweet and convincing, but it sometimes doesn't reflect the reality in the future. It is not impossible that there will be no much change due to some reasons. Even Trump is confident with his support to crypto/Bitcoin industry now, it should be adjusted with the US interests later. A president can't make it alone, he must take considerations from the presidential team and other government institutions. It won't be as easy as what Trump saying now!

Yes, I clearly understand what you mean. Patiently waiting for the best time to sell basically involves psychology and a strong mentality. If an investor doesn't own it, then they will definitely sell it when they get bitcoin up a few percent. We all obviously have different approaches and plans for investing, but many patient investors actually earn greater returns than others.

What I mean by patience is patiently waiting for the price to match what has been planned. It is possible to readjust plans if we see a greater potential for price increases, but it is always good to stick to your own rules.

I see very little chance of Bitcoin reaching $100K in 2024. Various experts have analyzed they say that Bitcoin is likely to reach $100k in 2024 while many experts say that Bitcoin will not reach $100k in 2024. So I think the Bitcoin market can reach between $75,000 and $80,000 in 2024 at most. 100 will reach the dollar but that is by 2025.

Following the pattern of September and August, Bitcoin is likely to surprise us positively as it reaches close to the end of October. I can't say if it's going to reach 100,000$ yet, but if it can bring us closer to the 70,000$ mark, it's already a great deal! Maybe Bitcoin can enter November stronger this way, and if everything goes smoothly in the following month for BTC, the chances it can still cross the 100,000$ mark by December increases considerably.

In general, 2024 has been being a good year for Bitcoin. Nothing so extraordinary and exceptional. It has actually gone against the high expectations many of us had, but there is nothing to complain either. We have to take into consideration the world right now is pretty hostile, full of conflicts and economical crisis. All these aspects tend to affect Bitcoin negatively until certain point. Despite the adversities, it's still maintaining position above 60,000$ with solidity. Let's be thankful for that!

Most hopes and bets are placed for next year. Because that's based on the 4-year cycle and there's no need to be genius to wait for that. While there are folks who are rushing to think whether they should sell or not at these moments because they're negatively thinking that Bitcoin won't recover anymore. We're different from them, the most patient holders are always the ones that gets the best time in taking profit in the market but don't be too patient as well because the opportunity might just pass.