Topic: Can we experience $80k this year? - page 5. (Read 2360 times)
I think this year there is still a chance for rising, we still have more than 6 months left and if moments like January happen again then it only takes 2 months from the current price to reach $30k, nothing is impossible because whales have big capital to pump 2 or 3 times the current price.
almost half year passed , yet there is no even sign of half breaking for this 80k in which 40k , so maybe this is a desperate believe having 80k in 2023, but what I can be assure to believe in 2024-2025 will be broken , that 80k or even 100k is in the move to be taken.
There's still half a year to go to the end of 2023 but I'm also a bit skeptical about 80K this year maybe a lot of people will think this is not too important with the price situation still not confirmed sometimes from the beginning of the recovery in the end it becomes a prolonged correction which is difficult for us to predict again the next situation, about other factors can also cause it I also believe that but I don't think this year will be right to become ATH again considering the halving situation that hasn't happened yet so wait at least until 2024 where the halving has arrived, then from that we will waiting for the real market reaction towards a rally. 
Bitcoin futures are actually very difficult to predict even if the investment is very optimistic, it will take a while to get to $80k. Despite the dominance of private investment in cryptocurrencies for several years, the market has not seen any boom in cryptocurrencies in recent times. Many predicted that the price of bitcoin would surpass $50,000 by the end of the year, but even though it was not predicted at the time, the price has dropped significantly. If you wait patiently you will see something new.
Just as no one expect the bitcoin price could go dip as $15,000 this year, same way we cannot predict what may happen tomorrow or before the month ends, bitcoin is very volatile as we all know, the demand and supply can not be quantify accurately thay our own prediction goes along the real state of the bitcoin market, knowing this alone, we can believe that before the end of the year, we may not get to the $68,000 all time high but we can get close to it, the only event that can take us further this limit is when we are close to halving or after the experience which is believed to be next year 2024.
but I believe that the world economic situation has not improved and will have an impact on purchasing power, including the movement in crypto.
so this year can really change and certainly the right time to continue to make purchases and hold on to the future, where it's just a matter of waiting.
The entire economy has that influenced and like how you see it, the current economy is not at its best to purchased and push the market if we are dealing crypto or any other form of investment which link to trading, but yeah, if you have that money to spend and willing to take a longer time to hold. It's more about patience and how you will take responsibility to keep yourself positive in case the market shows a heavy downfall.
The mindset of reaching what you are aiming is important so you can keep your investment on hold till it meets your set sell position.
almost half year passed , yet there is no even sign of half breaking for this 80k in which 40k , so maybe this is a desperate believe having 80k in 2023, but what I can be assure to believe in 2024-2025 will be broken , that 80k or even 100k is in the move to be taken.
Even ignoring the historical factor that bitcoin will only hit ATH after the halving, with the current world economic situation not in our favor, the $80k expectation is unrealistic. Many people were too optimistic, if not delusional when the beginning of the year saw the price of bitcoin skyrocket, and from there, they began to dream of a miracle that would happen this year. But it's been almost half a year, and we haven't even broken the $30k mark, so thinking of ATH, it's like we're giving ourselves a hard time. Let's be more realistic, instead of thinking about a new ATH this year, prepare for a bad situation because the bear season is not over yet, the world economy continues to be full of uncertainty.
almost half year passed , yet there is no even sign of half breaking for this 80k in which 40k , so maybe this is a desperate believe having 80k in 2023, but what I can be assure to believe in 2024-2025 will be broken , that 80k or even 100k is in the move to be taken.
Bitcoin futures are actually very difficult to predict even if the investment is very optimistic, it will take a while to get to $80k. Despite the dominance of private investment in cryptocurrencies for several years, the market has not seen any boom in cryptocurrencies in recent times. Many predicted that the price of bitcoin would surpass $50,000 by the end of the year, but even though it was not predicted at the time, the price has dropped significantly. If you wait patiently you will see something new.
Just as no one expect the bitcoin price could go dip as $15,000 this year, same way we cannot predict what may happen tomorrow or before the month ends, bitcoin is very volatile as we all know, the demand and supply can not be quantify accurately thay our own prediction goes along the real state of the bitcoin market, knowing this alone, we can believe that before the end of the year, we may not get to the $68,000 all time high but we can get close to it, the only event that can take us further this limit is when we are close to halving or after the experience which is believed to be next year 2024.
but I believe that the world economic situation has not improved and will have an impact on purchasing power, including the movement in crypto.
so this year can really change and certainly the right time to continue to make purchases and hold on to the future, where it's just a matter of waiting.
Yes only mass buying can help the price to push little in the upward direction, if no buying or no support then definitely Bitcoins will fall towards 25k usd area. Now if June doesn’t show any positive attitude to the coin, then we should forget the dream of seeing 80k usd for Bitcoins. Hardly bitcoins will come to a decent price, let’s assume around 40k usd, so yes keeping high expectations from Bitcoins will definitely break our hearts if June falls to impress us. Let’s meanwhile accumulate as many Bitcoins as we can.
Yes, it seems that at least the initial assumption is more appropriate to be within $ 40k first before targeting $ 80k and these are the numbers that show that Bitcoin passed its ATH and penetrated to new Ath at least, but seeing the current conditions $ 80k I think a very big target, but what It is necessary to pay attention to the current increase in terms of adoption either in the mass or in the category of large investors.
Bitcoin futures are actually very difficult to predict even if the investment is very optimistic, it will take a while to get to $80k. Despite the dominance of private investment in cryptocurrencies for several years, the market has not seen any boom in cryptocurrencies in recent times. Many predicted that the price of bitcoin would surpass $50,000 by the end of the year, but even though it was not predicted at the time, the price has dropped significantly. If you wait patiently you will see something new.
Just as no one expect the bitcoin price could go dip as $15,000 this year, same way we cannot predict what may happen tomorrow or before the month ends, bitcoin is very volatile as we all know, the demand and supply can not be quantify accurately thay our own prediction goes along the real state of the bitcoin market, knowing this alone, we can believe that before the end of the year, we may not get to the $68,000 all time high but we can get close to it, the only event that can take us further this limit is when we are close to halving or after the experience which is believed to be next year 2024.
Bitcoin futures are actually very difficult to predict even if the investment is very optimistic, it will take a while to get to $80k. Despite the dominance of private investment in cryptocurrencies for several years, the market has not seen any boom in cryptocurrencies in recent times. Many predicted that the price of bitcoin would surpass $50,000 by the end of the year, but even though it was not predicted at the time, the price has dropped significantly. If you wait patiently you will see something new.
Well I think $80k this year is a very 'bullish' prediction that we will not see take place. I hope I am wrong but I do not want to make unrealistic predictions for the price of Bitcoin.
I am ok with how it now with current price. I usually tend not to get upset or scared about the current price because at the end of the day I’m still 'bullish' on Bitcoin. I’ve seen these corrections before and I just look at this one as a bump in the road on the way to a new high in 2024.
This correction may take longer because the world economy is in such shambles but things will turn around eventually. I find it highly unlikely Bitcoin won’t be at new historic all time highs by 2024.
I am ok with how it now with current price. I usually tend not to get upset or scared about the current price because at the end of the day I’m still 'bullish' on Bitcoin. I’ve seen these corrections before and I just look at this one as a bump in the road on the way to a new high in 2024.
This correction may take longer because the world economy is in such shambles but things will turn around eventually. I find it highly unlikely Bitcoin won’t be at new historic all time highs by 2024.
I think people are expecting a massive increase in price too soon. You have to remember that the market is not only absorbing the block reward but also the US gov coins being auctioned as well as the future mtgox coins hitting the market. Any large price increase is likely to come after the US gov is done with their auctions, the mtgox coins hit the market, and the block reward gets cut in half.
People are always hungry for the growth. If, after some major announcements, updates or deals - huge work done, Bitcoin price reaches $80k, meaning it would make almost x3, which is kind an achievement for such an expensive cryptocurrency, and updates ATH, in few weeks people would start to ask when should they expect $100k or more. People dont value the path Bitcoin made from few dollars or thousands to $69k or current $27k. Such people wont be impressed, when people would conquest space and travel between galaxies.
We are almost halfway through this year, when in March the price could touch $ 30k and make me optimistic that this year the market will rise and be able to make new ATH again, unfortunately there has been a correction for almost 2 months and there is a chance to continue to fall, if in May the price goes down again under $20k then it's very difficult to reach $80k this year.
It looks like what you are expecting in my opinion will not be fulfilled, I am not sure before the halving era will form ATH, remember that the halving period is 2024 and usually a year later ATH will start to form.this year the movement of bitcoin will be in the price range of $ 20K-$ 50K and the highest price is also considered good, it must be remembered that the world has not yet entered an economic recovery and that will be affected by bitcoin.
Precisely now is the opportunity to continue buying and holding until a year after the halving era, you need to be patient for this.
I think people are expecting a massive increase in price too soon. You have to remember that the market is not only absorbing the block reward but also the US gov coins being auctioned as well as the future mtgox coins hitting the market. Any large price increase is likely to come after the US gov is done with their auctions, the mtgox coins hit the market, and the block reward gets cut in half.
That requires process, towards $80k before the end of 2023 as you mean. What matters for now is the $26,544-$27,500 area. If it loses the support level in the $26,544 area, the bullish trend will end and the price will fall back to the $25,000 area. A break of $27,500 is a good sign for the market and traders may consider entering long positions with the target above. If we take a look as a whole, the market still doesn't look quite bullish because there is no volume, no buying, no signs of strengthening from an upturn that's how the market works.
Yes only mass buying can help the price to push little in the upward direction, if no buying or no support then definitely Bitcoins will fall towards 25k usd area. Now if June doesn’t show any positive attitude to the coin, then we should forget the dream of seeing 80k usd for Bitcoins. Hardly bitcoins will come to a decent price, let’s assume around 40k usd, so yes keeping high expectations from Bitcoins will definitely break our hearts if June falls to impress us. Let’s meanwhile accumulate as many Bitcoins as we can.
We can never identify what kind of mass buying but what is clearer in this impulse is from positive news, this will affect the price of bitcoin movement so that if there is negative news, I think bitcoin cannot be bullish or any other recovery, but I think this is just limited to a correction where many will panic due to this decline.
The 80K expectation is still very tough it's a new ATH how is it possible to surpass it when the halving hasn't happened yet? I'm aiming at it because those are the events that can bring bitcoin to a true recovery.
40K is still very likely that we can still solve this hope depending on the market situation towards the end of the year, there are other things that can affect the course of bitcoin, so next year we hope to have a good momentum rally.
Yes, just accumulate it now while it's still low when it's corrected.
Quote from: mk4
Why are you so certain that we will continue to grind up just because we had a jump from 20k to 24k? A 20% increase in price of bitcoin or literally any asset at all doesn't guarantee anything.
The way the price run to hit $30k few weeks ago make people to believed that the price will increase higher more than that to reach $80k before the end of this year 2023. Since every holders are focusing on the market price day and night, make them to believe the move of the market price to know if the price will decrease more than the current price for them to hold at the moment so that they will not experience failure when the price increase higher. I will advise you not to sell your coins now because what is about to happen in the crypto market will surprise many people but those that will endure to hold in this bear season will surely smile before the end of the year.
That requires process, towards $80k before the end of 2023 as you mean. What matters for now is the $26,544-$27,500 area. If it loses the support level in the $26,544 area, the bullish trend will end and the price will fall back to the $25,000 area. A break of $27,500 is a good sign for the market and traders may consider entering long positions with the target above. If we take a look as a whole, the market still doesn't look quite bullish because there is no volume, no buying, no signs of strengthening from an upturn that's how the market works.
Yes only mass buying can help the price to push little in the upward direction, if no buying or no support then definitely Bitcoins will fall towards 25k usd area. Now if June doesn’t show any positive attitude to the coin, then we should forget the dream of seeing 80k usd for Bitcoins. Hardly bitcoins will come to a decent price, let’s assume around 40k usd, so yes keeping high expectations from Bitcoins will definitely break our hearts if June falls to impress us. Let’s meanwhile accumulate as many Bitcoins as we can.
That requires process, towards $80k before the end of 2023 as you mean. What matters for now is the $26,544-$27,500 area. If it loses the support level in the $26,544 area, the bullish trend will end and the price will fall back to the $25,000 area. A break of $27,500 is a good sign for the market and traders may consider entering long positions with the target above. If we take a look as a whole, the market still doesn't look quite bullish because there is no volume, no buying, no signs of strengthening from an upturn that's how the market works.
Even ignoring history, halving... I don't believe Bitcoin can hit ATH this year. Just by looking at the world economic situation, we can see the difficulties we face. All financial markets are in the doldrums, so there is no way bitcoin can recover and hit new ATHs. Bitcoin is also part of the world economy, and it also depends entirely on the health of the economy, only when the economy starts to recover can a new bull run be expected.
it has not been heard and seen that at this time there is a change in the world economy, until now there are still difficulties in several countries, so that bitcoin will also be affected by itself. I really agree with what you said that there will be no ATH this year, apart from that the world economic crisis has not yet recovered, accompanied by the halving era that will occur next year.so it's time to continue buying and holding bitcoin until next year so that when there is a movement to increase, a lot has already been invested.
Why do you think it is easy to reach $80k? The current price is around $29k, it is still quite far from $80k, isn't it? We are already in Q2 of this year, the current price is even not half of $80k. I don't think it is easy to reach $80k, we only may reach the optimum price of around $40k - $50k during this year. Sure, the price seems to keep increasing gradually but achieving $80 is unlikely to happen easily this year. It will be more realistic to achieve in 2024 - 2025, after the BTC halving happens.
We don't need to think about new ATH in current market conditions, but the market price of half of previous ATH is pretty good from a significant recovery pattern this year, Q2 period is very likely to reach $ 40k price as current price is very close to the highest recovery price ever achieved in the last few months, so Q2 has been the focus of the market can get above $ 35k and hopefully there is no correction high on the next move so $ 40k will be easy to reach in the middle of Q2.but it's great hope that there are no surprises until it has to be corrected back in last year, same with you I hope Q2 there is a fix to end the year at $ 50K, wait until next year which starts to enter the halving period.
With how the whole economy is moving, it's tough to say that we will be able to get something that will push the price to a new high, for now the current action is on how both investors and traders are working around the market, there's no sign that a big strong bull run will show up and bring the value up.
Though we all know that the incoming halving always brings good effects in terms of the value, we should invest using the amount that we are willing to hold for a much longer time frame.
being annoyed on what happened or having that discouragement. Be wary and be prepared as always because it might be able to increase its price in the past but doesnt mean that it would be automatically happens in the future. No one really knows on what comes next but one things for sure is that on the time that it would really be increasing out its recognition and adoption then things would really happen along the way.
Lets just not talk in advance about numbers and being that conclusive because there's no way that we could be able to tell on how far it would stretched out. We know that it would really be basing
or would really be depending into some important factors along the way.
I'm sure the people hoping for bitcoin to hit $80k or a new ATH this year have never looked back at the history of bitcoin. Otherwise, they would never have made such a vague prediction because the halving is still more than a year away from us. I agree that the surprise can also happen with bitcoin, but if our expectations are too high, and it doesn't happen as expected. We will be very disappointed and easily fall into panic and make the wrong decisions. The market does not move according to our thinking, we need to be realistic when investing.
Always consider out on that risks taking because if you dont mind much about it and expecting that much then for sure you would really be having those upsets if ever it wont happen.
All of us do really expect for some bull run and 80k is achievable or not really that high ceiling to break if we do witness again that golden bull run on what everyone is waiting for.
It could neither be happening on 2024 or 2025 but not on this year for sure.
Of course, if you look at the current market conditions the opportunity to reach $ 80K is easy to achieve, I'm sure this year the market will rise, as evidenced by the increasing volume of daily transactions and prices slowly continue to rise even with a small percentage.
Why do you think it is easy to reach $80k? The current price is around $29k, it is still quite far from $80k, isn't it? We are already in Q2 of this year, the current price is even not half of $80k. I don't think it is easy to reach $80k, we only may reach the optimum price of around $40k - $50k during this year. Sure, the price seems to keep increasing gradually but achieving $80 is unlikely to happen easily this year. It will be more realistic to achieve in 2024 - 2025, after the BTC halving happens.Practically bitcoin can reach any price and most usually the price of bitcoin moves beyond our expectation or below our expectations. To me it seems 80000$ bitcoin price in this year is a bit unrealistic price target.
Keeping in view the previous history of bitcoin we always see the next all time high after the halving, so I also agree with you that we may see this price in late 2024 or in early 2025.
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