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Topic: Is Bitcoin bounce back to 60k in this year? - page 6. (Read 1203 times)

sr. member
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
alluding to the possibility!! then I believe bitcoin has a great chance to return to $60k any time of this year. Bitcoin will never move stable, there will be bullish moments that are created every year, until this march we haven't seen bitcoin make a new ATH but over time in the next few months for sure bitcoin will make a new ATH again, sure with that.
sr. member
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BitByte Crypto: https://link3.to/bitbytecrypto
chances are , but never put yourself just longing for this because you might end up losing more.

only buy what can you afford to lose as this is the reality of life .

Indeed, that would be a ridiculous step for taking long position without any proper analysis and sure to end up with loses. So it's best to DYOR and invest only those amount which can be afforded to lose.

but one thing i am sure here that bitcoin will make another ath in 2025.

Maybe not that long as bitcoin might make new ATH soon enough because of the worldwide adoption. However next halving could be happened in around 2024, so we might see more higher ATH price than our expectation. In that case, we just need to wait for it.  Wink
legendary
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Leading Crypto Sports Betting & Casino Platform
In fact, to reach the price of 60k bitcoin needs to grow by 50%, which is not much. Especially when you consider that sometimes the price of bitcoin can change by 10% in just one day. I don't believe bitcoin will be able to break its previous high this year, but that it can rise to 55-60k may well be. Especially if nothing bad happens in the world compared to what is happening now.
currently Bitcoin is at 42k price and to reach 60k is certainly very close, with the daily movement of Bitcoin growing slowly I think it is very possible for all of us to see the price of 60k again this year.
Regarding the highest Bitcoin price, I don't think it's impossible for it to happen again this year, as was the case last year where we saw Bitcoin ATH twice.
and after the Bitcoin price peak last year we haven't experienced a price correction too deep, so any possibility to see another high price is still very possible.

We never know what Bitcoin have to offer this year, we are still in the first quarter and talking about seeing the value to rise back and reached that amount, the chance still possible, tough it's tough and we do need to consider every possible thing that affecting the movement, nowadays, investors and traders are wiser.

More on the possibilities than following fuds and losing the chance of earning from this venue of investment.

If you believe that the chance is high best to buy now and hold, we never know until things come up into reality.
sr. member
Activity: 1638
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In fact, to reach the price of 60k bitcoin needs to grow by 50%, which is not much. Especially when you consider that sometimes the price of bitcoin can change by 10% in just one day. I don't believe bitcoin will be able to break its previous high this year, but that it can rise to 55-60k may well be. Especially if nothing bad happens in the world compared to what is happening now.
currently Bitcoin is at 42k price and to reach 60k is certainly very close, with the daily movement of Bitcoin growing slowly I think it is very possible for all of us to see the price of 60k again this year.
Regarding the highest Bitcoin price, I don't think it's impossible for it to happen again this year, as was the case last year where we saw Bitcoin ATH twice.
and after the Bitcoin price peak last year we haven't experienced a price correction too deep, so any possibility to see another high price is still very possible.
STT
legendary
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Good progressive steps up recently, despite Dollar strength BTC has been acting well I think.  If dollar were weak it would reveal this hidden bullish element most likely.   We are however at the top of the range for BTC shown this year and so within a trade its best to be cautious as to a reversal possibility around here is best I guess.
sr. member
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In fact, to reach the price of 60k bitcoin needs to grow by 50%, which is not much. Especially when you consider that sometimes the price of bitcoin can change by 10% in just one day. I don't believe bitcoin will be able to break its previous high this year, but that it can rise to 55-60k may well be. Especially if nothing bad happens in the world compared to what is happening now.
sr. member
Activity: 2618
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I have no doubt that Bitcoin will bounce back to $ 60k can even reach $ 100K, maybe many say too much if Bitcoin can rise $ 100k this year but in fact when someone says Bitcoin will reach $ 50k a few years ago then Many people say things are impossible, but are now proven.
but at least we must understand that Bitcoin may reach that level 60k-100k ? but the question always is that When this can be attain? this year? i doubt it will happen.

But I believe that in a couple of years, maybe 2-3 years from now? of course that 6 digits a dream of every bitcoiner? will finally be broken.

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
chances are , but never put yourself just longing for this because you might end up losing more.

only buy what can you afford to lose as this is the reality of life .

but one thing i am sure here that bitcoin will make another ath in 2025.
2025? well that is reasonable price and maybe happen earlier?
member
Activity: 1148
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
chances are , but never put yourself just longing for this because you might end up losing more.

only buy what can you afford to lose as this is the reality of life .

but one thing i am sure here that bitcoin will make another ath in 2025.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.

But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.
This is why 100 people can take a look at a chart and each one will have their own opinion about what is happening in the market, it is true that we have seen a decrease in the number of bitcoins that exchanges have at their disposal for a long time, but what does this means?

Depending on the circumstances surrounding the market all kind of explanations are possible, after all with the war at Ukraine it would make sense that Russian investors are getting their coins out of exchanges as a way to protect themselves from the possibility of those exchanges confiscating their coins, and I do not think such a thing in the case of being true is either bullish or bearish.
legendary
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~
But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.
We can interpret the data in a different view point, in volatile times you never know there are institutional institutions or even government institutions purchasing huge number of coins in case there is a huge inflation looming in their country. Anything is possible and it is hard to analyze those things unless the centralized exchanges provide the data for everyone to see about who is making these huge withdrawals.

If that's possible to view, it will cause huge movement inside the market. Surely it won't be shared. Maybe rumors will come up, but it's still depends on how each traders and investors anticipate the market. If they are capable of doing good analysis, the chance of making a decent amount of money is possible for them.

Just like how you describe it, anything is possible. It will only our own assessment and our own decision making. The side that we will anticipate will direct our way to any possible outcome.
legendary
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~
But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.
We can interpret the data in a different view point, in volatile times you never know there are institutional institutions or even government institutions purchasing huge number of coins in case there is a huge inflation looming in their country. Anything is possible and it is hard to analyze those things unless the centralized exchanges provide the data for everyone to see about who is making these huge withdrawals.
hero member
Activity: 1344
Merit: 540
According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.

But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.
legendary
Activity: 3206
Merit: 1213
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According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.
sr. member
Activity: 2506
Merit: 368
After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
^ No one can really tell the truth but I think and doubt it will. BTC has gained too much awareness and I think it would create a massive adoption since they know that BTC was a good currency that an alternative to our fiat currency. So possible BTC will reach again another ATH this year, probably most closely at the end of this year. However, if you will analyze it very well, BTC's price will surely increase because of its demand, even sanctioned countries are now using BTC.
I don't want to burst your bubble but I don't know if there's demand to the sanctioned country since I don't feel like the market is moving like what we get to used before. It seems that the market is not following the trend or somehow maybe lots of traders are doing trade that's why the market seems to bounce back-and-forth.

If this hype about Russia or Ukraine using Bitcoin to protect their wealth is true then why is the market isn't moving? Should we wait another more months before we reached a new ATH or more years instead?
hero member
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
^ No one can really tell the truth but I think and doubt it will. BTC has gained too much awareness and I think it would create a massive adoption since they know that BTC was a good currency that an alternative to our fiat currency. So possible BTC will reach again another ATH this year, probably most closely at the end of this year. However, if you will analyze it very well, BTC's price will surely increase because of its demand, even sanctioned countries are now using BTC.
hero member
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
.

Nobody knows if bitcoin price will reach 60$ but its still possible for bitcoin price to reach that amount.  But sometimes prediction bitcoin price is kind of funny because what is been predicted can be an imagination of the mind .
Many believe in the cycle of bitcoin and if there are people who are believing in the cycle, then that also means that it's possible. In the past, we've got ATHs too such as $20k.
It was surpassed when the bull run came and we're able to get to $60k. And these days, halvings, mainstream and other factors have been a greener pasture for bitcoin and if we go into another bull run, the likelihood of it surpassing $60k is possible.
legendary
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Leading Crypto Sports Betting & Casino Platform
Anything is possible but given the economy of the world due to the war that is happening then add the new Covid variant, I think that a bull will not be an easy thing to happen. World events do effect the demand and if people are starving who would even think about investing their money in Bitcoin.
All I could see is businessmen who will take advantage of this and we are not sure if Bitcoin is in the corner of their mind to invest with.
$60k is possible, I am not losing hope about that, but assurance that it will be this year is blurry.

In times like this, businessmen who understand how to play inside the market are the ones who can generate a decent amount of profits. I see your point and it's valid that due to the current events, it can influence the direction of this market. Tough to call for that target this year indeed, most investors are good observer, if they see stagnant market it won't be easy to convince them to bring their money inside, they will wait and take every advantage that they have before they will ride with the trend.
hero member
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
.

Nobody knows if bitcoin price will reach 60$ but its still possible for bitcoin price to reach that amount.  But sometimes prediction bitcoin price is kind of funny because what is been predicted can be an imagination of the mind .
sr. member
Activity: 1041
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After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
It's hard to make predictions for bitcoin at the moment, the market is in negative support for every coin in existence, but on closer inspection, bitcoin hasn't bottomed out for now, that correction doesn't signal bitcoin is getting out of the way of price stability, I'm sure for years this bitcoin will return at the price of 60k or even more, but not sure what month it takes, my estimate is mid or end of the year bitcoin will return to normal
The bottom price was around 30k or so and we have reached that low enough already not too long time ago. That should be the case for bitcoin to be low and I doubt it would go any under that. The problem is that whenever we have a hype, the price clearly goes up, and not in a small and slow fashion neither. It goes up a lot and we all can see it and that is how we will approach to it.

If we end up with something that is worse, then it usually is a bear market, but if we see a slow increase, that is not bull market at all. During the bull market, we do not just go up like 10% and call it a bull, it goes up 10% or more for many days in a row and that is what makes it a bull run.
legendary
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Anything is possible but given the economy of the world due to the war that is happening then add the new Covid variant, I think that a bull will not be an easy thing to happen. World events do effect the demand and if people are starving who would even think about investing their money in Bitcoin.
All I could see is businessmen who will take advantage of this and we are not sure if Bitcoin is in the corner of their mind to invest with.
$60k is possible, I am not losing hope about that, but assurance that it will be this year is blurry.

And that is the keyword, blurry or the chance are very slim. We have somewhat pushed the boundaries already, we've reach all time high last year and we have top the price.

So we could assumed by now that there will be no bull run or at least the price hitting $60k because it will take enormous money. And since the world is at war, investors are somewhat reluctant and will wait till everything has settled down.
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