Is Bitcoin bounce back to 60k in this year? - page 9.

btc_angela

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Quote from: Stalker22 on March 15, 2022, 03:36:32 PM

Quote from: Usmankk202 on March 14, 2022, 07:40:36 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).

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

All what we are rendering is assumptions prediction speculation of cryptocurrencies and especially bitcoin, if i said yes from my observation, automatically it may be valid or it might not be valid due to bitcoin regulations is independable, so our speculation over bitcoin increment is not sure that Bitcoin price will go more lesser in price or it will accelerate to the extent of getting rid to sixty thousand (60k) or below that this year.

Stalker22

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 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.

Eternad

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Quote from: lornadane on March 15, 2022, 09:22:39 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.

We didn’t expect to see the price of bitcoin high last year so there can still be a possibility depending on what may happen in the economy of the world, or when wars end or if there will be a hype in the market. It’s still too early to predict since we are only ending the 1st quarter of the year and many things still cam happen out our control.

goaldigger

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

There’s still a chance as we continue to hope that the war will end this year and the market will start to recover again because the price becomes more volatile as the panic continues in the market, many are trying to sell their holdings because they are afraid for the worst case scenario especially if war outside Russia and Ukraine begin. Bitcoin will still rise, this is our best option if inflation continues to rise, just lower your expectation for this year and be ready for volatility, $60k are still possible with Bitcoin this year.

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

It is difficult to make any prediction for the rest of the year as the war at Ukraine is dominating everything, if the war were to end shortly then I think some of the uncertainty around the world will go down and we could see a slow recovery from most markets, which could allow us to reach a new ATH during the end of the year.

But if the conflict continues then there is always the possibility that it escalates and becomes even bigger, and in that scenario I do not see bitcoin reaching a new ATH during this year.

Erumo

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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.

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$60k is quite an achievable number in case some positive things happen to us, and when I say positive then I don't mean that someone bought 30 000 BTC or something like that. Not necessarily in that order, but this would be positive news for me :

The end of the war in Ukraine, because the war is bad for every business except for the production and sale of weapons. I think most people (especially those who are relatively close to the conflict site) are not interested in risky investments, Bitcoin is no exception.
Stopping inflation, which is increasingly affecting living standards around the world, could result in mass protests, which could destabilize the political situation in many countries.
Make final decisions in terms of laws that regulate Bitcoin in the EU and the US, because we can not constantly be on the edge of a ban and wonder what will come to their minds tomorrow.
Approval of the physical BTC ETF in the US, which would very likely affect the price as it would create a demand for Bitcoin.
Raising awareness of how useful it can be to invest in Bitcoin compared to traditional investment methods, especially in terms of long-term investments.

lornadane

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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.

ajochems

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

Their are lot of chance for bitcoin to back to old price.When the war between the Russia and Ukraine was solved in a month of May.The price will bounce back in 4-6 months to 60k dollars.When the war not back to old situation.It's not a possible one for the bitcoin back to the 60k dollar at any concern.When the solution for war happened,the war will end.We can able to have solid pump in the price.

davis196

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60K would be way too ambitious for a price target in 2022.
I think that 45-50K would be the absolute price peak for 2022,if the war in Ukraine ends after several weeks (there is a big possibility for this to happen)and the western sanctions against Russia get cancelled(which is highly unlikely to happen,as long as Putin remains as the president of the Russian federation).
It seems that everyone has forgotten about the corona pandemic and the coronavirus is no longer a problem.
I have a good feeling about the spring,but the possibility of another price crash and a continuing bear market will always exist.

Gozie51

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I think $60 is still a low target for the price of bitcoin this year looking at the legal status of bitcoin for many countries recently. Moreover the difference with the current price and the target price of $60,000 is around $20,000 and that is not a big difference as far as bitcoin volatility is concerned. The possibilities of price going higher is very realistic with what is going on in Ukraine and Russia, more hodling and positive outcome can blow price up.

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

best to out POLL on this instead of asking just like that lol.

But I am still in right mood for Bitcoin to reach 60k again in the 2022 4th quarter .

and by any chance? i know that Bitcoin will continue progressing in the following years so for the Holders? just keep yours and never doubt the future of this currency .

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

Obviously, no one knows for sure what will happen, otherwise it would be very easy to get rich.

Going more specifically to what you are asking, I would not be surprised if we return to these levels, what I am quite skeptical about is that we will beat the previous ATH of $69K, I would like to but as the scenario is I doubt that it will happen. The world political instability that is not going to calm down in a couple of months is going to make that at the minimum that the price goes up, it will go back down due to the irrationality of the markets.

It is clear to me that Bitcoin will be a clear winner in the long term, but I am quite skeptical about 2022.

Fundamentals Of

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$60,000 is a very low target within the year. Bitcoin's price could reach more than that. With all the circumstances surrounding Bitcoin, it is almost impossible to imagine that it's price is still way below than its all time high until now. The target that was set last year was $100,000. And since 2021 failed to give Bitcoin that price, 2022 will be another attempt. I think it will finally happen within the year.

peter0425

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

Not sure if this will ever happen again because it is even harder for Bitcoin to stay in 40k so what is the purpose of this expectation if will only fail before the year ends?

I think what we need to accept is the fact that 2022 will be a bear market and we won't make it high again .

and also till 2023-24? there will no hyping might come as the Mining Halving will happen at those year ends.

GreatArkansas

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

In my own honest opinion, I don't think we will be able to get back to $60,000 this year. For me, it will be a long crypto winter probably until next year which we will stay below $60,000 or even much worst if we will get back there until a few months before the next Bitcoin block halving.

Pure speculation, this is my views on the market right now, but I don't believe we will visit again below $20,000.

sheenshane

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

It's too early to celebrate, it's not yet confirmed that Bitcoin will bounce back at that price since it's unpredictable.
Maybe we just have a price resistance that after Bitcoin correction it was expected that Bitcoin price will resist and it could be this what we experienced right now.

The most anticipated moment when there's a new ATH come and that's what we were waiting for.
But I don't see that will happen this year, it could maybe be after the next halving come or who knows when the exact time frame on it.

Just keep holding if you have Bitcoin for better profit gaining.

Findingnemo

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

Gold price is increasing and inflation is about to hit the USD massively so due to that we can expect the price of Bitcoin to increase in the future apart from that everything is uncertain at the moment. Gasoline prices are increasing which is going to shake every economy for sure so we actually don't know how the assets are going to perform in the near future.

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Quote from: Usmankk202 on March 14, 2022, 07:40:36 AM

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

This is very likely but not 100% certain, this is just Q1. If you can recall during the time of corona the dip I think was still around this time,
I guess the market is still respectful of that very event so we still have a long way to go from here probably it's possible even much more higher than we expect.

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