Is Bitcoin bounce back to 60k in this year? - page 8.

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This year its possible yes, I think it will explore the full range of prices and revise the prior volume.

Its being boring right now but this is the right kind of boring in my view as its just above the 50 day average it should mean if we continue to do so we are accumulating towards higher prices such as 60k.
However as we have tried similar recently I will say a better target to signify we are getting genuine positive price action that can last, it would be best to see 42k occur and close above. 42k is the prior lower high, breaking that sequence would be best now for the best optimistic outlook.

famososMuertos

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Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

Yes!!
Absolutely yes. Without fear, I would bet a 1 sat.

I think the problem is not that it comeback prices +$60k, but that it maintains above 50K, in that sense I think an interesting impulse is anticipated. Surely!...well, maybe we will be seeing interesting purchases buys in these days to come.
^{(a lot of vibes of all that current noise of rumors, in this previously said.)}

^{Now, more reality in the aggregate of looking at the marketplace but not more efficient.}
It has maintained on green but very timid, right now the value does not exceed 0.08% in 24 hours and maintains a green color of almost 4% for these 7 days, yes, with recovery in the last 3-4 days.

The 60k band is receiving good vibes, for example since March 10 we did not have a closing and an opening above $40k and as we are going it is possible that we will have it again, GMT and with data from the CMC, just in case .

Likewise, we had those closings and openings from March 1 to March 4, +$40k.

we do not have a closing and an opening of prices above 50k since December 28-29, I think that the breeding ground is taking place to return to the +$50k range and then we can be watching those +$60k again.

OP: ...please,
this is an meddling to how to get to 60k,
not investment advice, ty.

CaVO32

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Quote from: Scripture on March 17, 2022, 07:17:29 PM

Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

Nothing is certain here, I can say yes it will hit $60k this but it will still depend on the market scenario. The war changes a lot of things in the market, we are very volatile right now and just waiting if there will be another war that could trigger the price to go down again. Let’s be more optimistic here and hope for a better world with a great cryptocurrency.

With the war situation we have, I think this will aid in more adoption in crypto market. People are looking for faster ways of money transactions, fast and cheap are just few advantages of crypto. 60k level is very possible to happen again. But we can't determine when will it hit that price level again. Remember, more adoption is good for this market, more demand means increase of value in the market.

Scripture

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Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

Nothing is certain here, I can say yes it will hit $60k this but it will still depend on the market scenario. The war changes a lot of things in the market, we are very volatile right now and just waiting if there will be another war that could trigger the price to go down again. Let’s be more optimistic here and hope for a better world with a great cryptocurrency.

Marvelman

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In some ways, 2022 has been quite volatile for bitcoin, with multiple wild swings in value of 20% both up and down over the past few months.
However, as of recently, the overall picture has changed, showing smaller price swings and a narrowing range without a clear trend. Bitcoin is starting to look like it might be starting to pick up momentum, and its valuation might finally be hitting a point where it's more appealing for the average investor. Even though it is still possible that bitcoin will make an explosive move higher in the first half of the year, it might be more likely that we see a lower volatility and mild upward movement throughout the rest of this year.
Bitcoin has a serious uphill battle ahead of it if it wants to break out of its current price range, but if the upward momentum continues, there's still a good chance it could break through $65,000 by the end of the year.

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Quote from: Stalker22 on March 17, 2022, 06:16:24 PM

Quote from: palle11 on March 17, 2022, 12:48:53 PM

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This is positive since it is fluctuating between $41k and $40k for a week so far.

No, it is not. In fact, when we look at the chart, it is clear that the price of bitcoin was below 40k during most of last week. Only yesterday, the price spiked to over 40k and fluctuates between $ 41k and $ 40k in the days since.

It is simply moving sideways on which this is the hardest part specially when you do make short term trades on where sideways movement is basically a headache on which you couldnt determine on where the price could actually possibly go in next days or weeks or even on minutes or hours and its really a pain in the ass if you are trying out to catch something like placing yourself on possible bottom price.No news or events around
which you could make use on your own analysis which is really hard to determine on your next possible move.Why people always in a rush? We've reached 60k+ in the past and its assured that passing its previous
ATH could really happen even though time cant really be known or determined.

Stalker22

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Quote from: palle11 on March 17, 2022, 12:48:53 PM

~
This is positive since it is fluctuating between $41k and $40k for a week so far.

No, it is not. In fact, when we look at the chart, it is clear that the price of bitcoin was below 40k during most of last week. Only yesterday, the price spiked to over 40k and fluctuates between $ 41k and $ 40k in the days since.

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Quote from: Silberman on March 17, 2022, 05:00:43 PM

Quote from: Erumo on March 15, 2022, 11:17:01 AM

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

Without a doubt it is going to be difficult, after all when the pandemic first started it had a negative effect on bitcoin but since we were on the bullish part of the 4 year cycle bitcoin was able to overcome the pandemic and grow incredibly fast, however now we are on the ranging or bearish part of the cycle and as such it is going to be way more challenging for bitcoin to recover even if slowly the measures against the pandemic are being phased out and the war were to end in a short period of time.

This pandemic situation might already come into end and we might be seeing some another rise up on the market but its not an assurance thing because come to think that this isnt the only news and events on

where economy is been affected specially on this war situation even though fundamentals arent really that making that effect precisely but its not bad to presume that it does.

People do mostly look on the events happening around thats why we couldnt blame out on why we do really hesitate and have that hindrance.

Silberman

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Quote from: Erumo on March 15, 2022, 11:17:01 AM

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

Without a doubt it is going to be difficult, after all when the pandemic first started it had a negative effect on bitcoin but since we were on the bullish part of the 4 year cycle bitcoin was able to overcome the pandemic and grow incredibly fast, however now we are on the ranging or bearish part of the cycle and as such it is going to be way more challenging for bitcoin to recover even if slowly the measures against the pandemic are being phased out and the war were to end in a short period of time.

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Quote from: justdimin on March 16, 2022, 07:39:30 AM

I am not even sure if we should reach 60k just yet. Right now we are in a period where things do not look that great for anything in crypto. If we keep focusing on making it possible for all of us to make money then we will not learn anything about the bear period. Longer we are around these prices means the longer we will make a profit and I feel like it should not be really too much of a big deal.

I get that it is something we should not be refraining from, get a high price is a great feeling, but learning to survive the low prices are as equally as important as making profit. If we only focus on the profit part, we will never survive the bear markets.

We do not really need to learn more about bear period to be fair. I mean sure there are some accumulation phase where we could make some money during this period if we accumulate more crypto, and then when the price goes up then we can sell.

However, this doesn't mean that accumulation phase of today should be going on too long so we can learn what bear market means, we know what it means and people like me are fine with it. It allows us to get more crypto and earn more later and that's it, that is the all lesson we need to learn. At the end of the day, there is a good case to be made for this period to be over already because people already accumulated enough.

palle11

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I still remember that in early 2021 the bitcoin price was still under $30k, and the price continued to skyrocket so that it could reach new ATH last april last november which reached around $69k, currently bitcoin price is around $40k and we still have a lot of time to see bitcoin bounced back to $ 60k even I'm optimistic that I can make new ATH again.

I think in early 2021 the price was around that but within the second quarter and third quarter it went very high. Bitcoin price has moved far from the last bear in 2020 that it was trading below $5,000 but yesterday, today too the price has gone to $41k. This is positive since it is fluctuating between $41k and $40k for a week so far.

jaberwock

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Quote from: lornadane on March 15, 2022, 10:22:39 AM

In my opinion, to reach the price of $60k again, of course it will take a few more bull runs in the price of Bitcoin.
And of course also not in that fast time even though it rises again it may last up to $50k at most.
But for 2023 it could be bitcoin reach that price.
We also don't know what news we will hear about bitcoin in the future.

Not bull runs but recovery or price increase because a bull run is a massive increase in value and one is enough for the price to reach 60k or even more than that. If many bull run occurs, we will be in the 100k already and above but a bull run is hard to come , much more if it's many bull run? I think the chance for it to happen is 0.1 over 10000 (0.1/10000).

In terms of news, there's only two of them. One is a good news and one is a bad news. It is the good news that makes btc price rise or it is already have risen before the news came out while the bad news can affect its growth but no worries because it won't stay like that, the future of btc is already secured to be bright. Im 101 percent sure about it.

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Quote from: Dart18 on March 16, 2022, 04:50:20 AM

Yes, it's possible. All we need is another billionaire. Grin

The diversion of money is the challenge. NFT have billions of dollars being invested in it. Then, there's the altcoins. How about Ethereum? They are on update to POS but there are buyers.
XRP? With a case in SEC being resolved investors are still purchasing.
It will be hard for one crypto like Bitcoin to be back on demand when the options are broad individually. Some expects high risk, high profits while it became lesser for those who will stick with less risk, less profits, long term.

You want billionare to give each bitcoin holders difference between 60k and current price? Cheesy

One billionaire wont be enough to satisfy everyone.

I find it hard for bitcoin to reach 60k, as there are people who want price to grow, and opposite them are people who want to buy bitcoin as low as possible. While they fight with each other, we wont see new ATH.

justdimin

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Quote from: lornadane on March 15, 2022, 10:22:39 AM

In my opinion, to reach the price of $60k again, of course it will take a few more bull runs in the price of Bitcoin.
And of course also not in that fast time even though it rises again it may last up to $50k at most.
But for 2023 it could be bitcoin reach that price.
We also don't know what news we will hear about bitcoin in the future.

I am not even sure if we should reach 60k just yet. Right now we are in a period where things do not look that great for anything in crypto. If we keep focusing on making it possible for all of us to make money then we will not learn anything about the bear period. Longer we are around these prices means the longer we will make a profit and I feel like it should not be really too much of a big deal.

I get that it is something we should not be refraining from, get a high price is a great feeling, but learning to survive the low prices are as equally as important as making profit. If we only focus on the profit part, we will never survive the bear markets.

Dart18

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Yes, it's possible. All we need is another billionaire. Grin

The diversion of money is the challenge. NFT have billions of dollars being invested in it. Then, there's the altcoins. How about Ethereum? They are on update to POS but there are buyers.
XRP? With a case in SEC being resolved investors are still purchasing.
It will be hard for one crypto like Bitcoin to be back on demand when the options are broad individually. Some expects high risk, high profits while it became lesser for those who will stick with less risk, less profits, long term.

19Nov16

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Quote from: Erumo on March 15, 2022, 11:17:01 AM

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

I've had a bad cycle every 4 years, 2014 and 2018, and it seems a sign to repeat the cycle soon in 2022, the thing that makes me optimistic about bitcoin is that more and more large companies continue to buy bitcoin so that bitcoin will continue to increase in demand in the world. the market, and for 2022 I'm optimistic it won't drop like 2014 or 2018, maybe we'll be in the $35k range.

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Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I want to be optimistic this year but I can't because I believe in 4 year cycles and it seems like its happening though it wasn't as harsh as 2018 where everything is a freefall at that time.

On the other hand though, I'm not disregarding the possibility that $60,000 might be reached again for Bitcoin but the chances of it to happen right now is low. Anyway we are at the 1st quarter of the year still and there are 3 quarters to come. We might see a positive news that might affect the market as a whole but as of now, I don't see it going to $60,000 this year but maybe from a range of $30,000-$50,000 or it might go even lower than $30,000.

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Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I'm still not sure if it's time for bitcoin to rise or bounce back to $60k but bitcoin still has a chance to bounce back to $60k this year.
Whereas we don't know when it will happen and just predict and hope that it will come again soon.
I think bitcoin's journey back to $60k is still a bit long because the price is still in the $39k-$49k range and is still going up and down several times a day.
So I feel better enjoying the moment while trying to have a good time buying and selling.

Marvell1

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We've gone through 2021 with an ATH of 68K and the market has started going down late 2021 so far, there is still no positive sign that bitcoin will rise again. So we shouldn't expect too much this year.
I hope bitcoin will not fall too deep and there will be surprises as we never know what the market will be like tomorrow.
Just hold the bitcoin firmly and do not sell under any circumstances. We will soon see the bull season return.

Fundamentals Of

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Quote from: btc_angela on March 15, 2022, 10:58:03 PM

Quote from: Stalker22 on March 15, 2022, 04:36:32 PM

Quote from: Usmankk202 on March 14, 2022, 08:40:36 AM

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I see no reason why not. The year is still young.

Take a look at last year's chart:

BTC price is has always been volatile and it will always be. This is not something new.

True, but what about the bear cycle though?

There are speculators who are making a lot of noise and saying that we are in a bear market already, so it might take some time for the price to rise up.

Better be ready for this, otherwise for newbie gamblers it will be a rude awakening about the truth of bitcoin market (bear/bull cycle).

Yes, I think we are already in the middle of the bear market right now. The price of Bitcoin is not even hitting $40,000. If you look at the chart for the past 5 months, Bitcoin is already at a much lower point now. This to me is a sign that we are in a bear market. There is a little recovery every now and then which brings us back to $40,000 and even higher but then it doesn't hold long. It's just a matter of time before it goes back to the $30,000 level. So this is the bear market. The bull market is not yet happening within the year. The moment it happens, $60,000 is an easy target.

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