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Topic: Is right or wrong that bitcoin price will up to $160k in 2023? - page 6. (Read 1013 times)

full member
Activity: 686
Merit: 108
Only 4 yeats from now and we are in the 2019 on that year.  I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.
Too much high makes it more impossible for bitcoin to reach that level, we should focus more on the next bull run and don’t just think about the price of $100k and up. If this is meant to be it will happen for sure, no one can say if this is true or not so don’t focus on this one.
jr. member
Activity: 39
Merit: 2
Pathetic and ambitious speculation for looking up for the price and I think the best thing to speculate if we talk about the price is the little more closer on that figure, and there are so many hardship to come interms of that matter so maybe it's best for us on not to focus on some unreliable speculation and earn with current market volatility.
hero member
Activity: 1834
Merit: 523
Only 4 yeats from now and we are in the 2019 on that year.  I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.
legendary
Activity: 1288
Merit: 1036
If you keenly notice that graph for old times, market is not exactly following but approximately doing as per those curves. I am not seeing any possibilities for the markets to go below $3500 levels here after and it may rise up to $160k levels too but I do not think it may take time till 2023. I believe such high levels may be possible before the next halving itself.
hero member
Activity: 1666
Merit: 753
Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run

From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time.

In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than  2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.

What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019
I don’t know what algorithm does this chart uses, maybe itself no algorithm.

what you do think about the viewpoint of this chart, please leave your comment or viewpoint.

image url:https://ibb.co/TK5my5T

The halving is going to have a significant impact on bitcoin price, that is something that is going to be right from this prediction.

However, the fact that this prediction involves any sort of specific numbers would deter me from believing in it. The fact is that it is next to impossible to predict how much FOMO will be present in the market, and how much further up we can go when market capitalisation was already in the hundreds of billions at the peak of the last bull market.

I certainly don't think it's impossible to have something in the six digits for the next upcoming bull market, but the arbitrary way he approaches this analysis isn't something that I would be trusting.

Furthermore, he essentially assumes that late August 2023 will be the time when the height of the bull market appears. Again, completely arbitrary date for when this will happen. But more importantly, wouldn't that mean that in 2024/25 markets will be bearish despite the halving if we follow his model? Contradicts his own prediction.
hero member
Activity: 1806
Merit: 671
The funny thing about long term charts in the cryptocurrency market is they are totally inaccurate, if they are inaccurate in their stock market counterpart then we can expect how it is massively inaccurate in the crypto market. Long term charts does not take into consideration current events and other external factors outside of its charts. Yes there is a possibility that the price you predicted will happen but its the best scenario that could happen but it has the least chance to happen.
legendary
Activity: 2450
Merit: 1855
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It can not be wrong, but to make predictions of such magnitude, should be based on a fundamental analysis that consider all possible scenarios, both bull or bear, of course it would have a prediction as such, I would not dare to give a figure at this time, because right now the market is going through a phase of accumulation that can take a long time. But everything is possible, if so, a scenario like that would not fall badly, technology would echo the world and start an era where money has much more value.
legendary
Activity: 2114
Merit: 1292
There is trouble abrewing
it is wrong simply because bitcoin exact price in an exact time in the future is completely unpredictable. the only thing we can predict is the rise itself and a big range that price may or may not reach.

for example back in 2016 when price was <$1000 you could predict that by 2018 price can reach somewhere between $5k and $10k and worst case scenario with a solid rise without any surge to $3k. but you could have never predicted $20k.

now in 2019 we can say by 2023 price is going to be above $50k in worst case scenario and we may be testing $100k already but that range is still too big and you can't limit it any more.
full member
Activity: 1092
Merit: 117
I dont think there are any good reasons to belive that. In just 4 year i think its just impossible to see the price going up x40, especially when we talk about a starting point of 4000$. It took about 8 years for the price to reach the maximum of 20.000$, i dont think in only 4 years the price could go up to $160k.
member
Activity: 266
Merit: 12
It's Just a hype, see cannot predict anything in crypto currency and even the experts do not have about this. but one thing for sure is long-term investment will always benefit you there is no doubt in that. And yes I still believe BTC will skyrocket again as it has proved already as the king of cryptocurrency.
newbie
Activity: 238
Merit: 0
i think it's all about adoption by big companies now if they support the bitcoin and make it usable for sure price will fly but it's all risky u'll never know what might happen
like what samsung did and opera browser that's adoption , very important one
and bittorrent token it's also a big step to make at least the crypto world more known to regular people
hero member
Activity: 1148
Merit: 523
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Undoubtedly Bitcoin is the high valuable crypto currency so we should expect more than 100k USD will possible on 2023. But reality we never predict the future possibilities because most of the long term is never comes in true, So keep buying and holding the Bitcoin is a right decision in bleeding market. May be this month some jumps are occur in the market but we should concentrate in long term.
hero member
Activity: 980
Merit: 500
An interesting chart I may say, So the next bull run will be 2020 and will end on 2023 if the chart will be correct then that now if the best time to really produce Bitcoin and exchange fiat to bitcoin and other Cryptocurrency that you like because when the price of bitcoin goes skyrocket other cryptocurrencies will sure follow, Well I guess this is all in a technical manner of analysis but this is some exact charts that bitcoin price will go through. I may say that there is a related forecast just like these that 2020 will be the start of the bull market.
full member
Activity: 966
Merit: 153
$160k seems fair and somewhat realistic  but yet it's not advisable to hold steadfast to it or act on this prediction. If you are intending to invest more because of this price; do not because prediction may or may not come to pass. Invest because you want to.
If we will see this price, then something needs to be triggered, an event is likely to push Bitcoin to this price.
sr. member
Activity: 1554
Merit: 260
After halving in 2020, all speculators predict the largest mega bull run in history of cryptocurrency market. With a bit of luck, in 2023 the price will fall from $300k in 2021 to $160k. Wink
legendary
Activity: 2002
Merit: 1015
It could be right and it could be wrong. Even a prediction with basis isn't a guaranteed no matter how deep the analyzation is, at the end prediction is still a prediction. Still the best thing to do is be updated/active on what is happening. Especially, we all know btc does unexpected things.
member
Activity: 843
Merit: 52
All these are just speculations, in wake of 2017, many death speculators predicted bitcoin to hit $50k-$250k, and a lot of folks panic bought, today they are in anguish because of wrong pricing by supposed pundit. I have learnt my lessons to focus on the technology of the bitcoin rather than just price speculation, which although is still necessary to create market HYIP.
hero member
Activity: 2968
Merit: 913
The chart looks pretty legit.The price cycles are really getting longer and longer,but there's no guarantee that some external event(global crypto ban) might destroy the bitcoin price patterns forever with no chance of recovery.There's no mathematical or geometrical way to predict the future.
legendary
Activity: 2338
Merit: 1081
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From what Ive learnt so far from all these "predictions" is that its not easy to do so. There have been thousands of experts who, when the time comes just sound clueless. All you can do is hope. I hope it goes to $160k in 4 years time too but I think its definitely an overkill.
hero member
Activity: 2926
Merit: 567
Do your prediction backed by fact or just assumption or because of the past market performance, any which way we can't tell if Bitcoin will go up or down, 2018 and 2019 are full of unexpected events so just expect the unexpected and always get ready.
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