Topic: Is there still hope for the price of BTC to hit back $69k this year? - page 4. (Read 1401 times)

Really that hard to achieve on on which we've seen the prices do make out some significant move recently when it comes to price increase but still ending up on having those declines or corrections (which is normal)
Therefore, it would really be just that not shocking that going on breaking 30k is really a tough thing to be that able to reach or to be achieved. This is why its not really that ideal on making yourself that too optimistic towards the price for this year because its never been that so easy when we do speak about breaking those tough resistances on which the price had really that failed on breaking it ever since.
Somewhat we do know that everything could really happen on this market on which it would really be just that so normal that these current movements might really be not that huge but if there would be some sudden
sentiments or events that might happen in the market which could push things through then it might really be that possible but for now there's nothing any around for us to consider as some form of catalyst then it is really that hard to believe on that we would be shooting up that far.

This is why it would really be that ideal that you should really  that not making yourself that hopeful because if you do have this kind of expectation then price movements
would really be just that making you disappointed and this isnt something good i should say.It would really be just making you that impulsive.

With less then 3 months to go, there is little hope that we can see Bitcoin crossing 50k or above. If we see price of Bitcoin in past 11 months then it has maximum value of 32k and lowest if around 16k. We haven't seen any huge change in price this and its because majority are waiting for next year halving.  December is mostly bearish that's why all hopes are on next year halving. It will be interesting to see how this halving behave in terms of period after which we see price change.

As you say 0.01% chance of Bitcoin reaching $69k this year, you have logic but I think it may be very difficult for Bitcoin to reach $69k, market can say no its impossible. If there was any good news this year, it was likely. But if you look at the annual calendar, you will realize that October has seen the biggest price increase in the past year. I would say Bitcoin will have to wait until the halving or bull run to reach $69k. This year's predictions say that the price of Bitcoin can reach $40k at most. You can get good amount of profit by investing if you want.

We could say that the best we could hope for during this year, since we only have three months left, would be having some sort of 40k limit to the year. That is still not all that bad and should be considered a lot better. I believe that we are going to end up with something that should be very careful and not really a big deal, it could result with a bigger increases later on if we keep it going, and we need to end up with a result that should point out how we could do much better eventually.

This is why it's quite literally our way of getting out of this low period and go into a better level. I get that it may not be that easy to handle, but we could definitely see it do a lot better if we are careful about it, so we should try to hold as long as possible.

This year will end in less than 3 months and looking at the current market situation, it seems like the hope of seeing the price reach $69k is a difficult thing, I don't want to say impossible because fantastic movements usually occur in Bitcoin, such as in January, which rose more from 40% in a month, but the chance of reaching $69k I think is only 0.01%.

Yeah true, if we end up having some movements this season that would be terrible for the future because we are taking away from the future bigger bull run. We should let it be for the time being and then wait for the big bull run to start. Save all our money until then and we should all pump it as much as we can whenever we can. That would be a lot better, it will end up with a good result. I know that not a lot of people believe in this but we could potentially do something like this.

I believe that we could do something about this situation and should be something that would be a lot better. I believe that we are going to end up with something that would make more sense if we could end up with a better deal.

Even you have used bitcoin and know how bitcoin use to rise and how it use to fall, you will notice that the price of bitcoin always increases to a particular point that I don't know, in which when you looked at the price of bitcoin you will always see another way of information base on people personal predictions of bitcoin, their is something we are supposed to understand in bitcoin, the price  always rotate but saying that bitcoin will reach to 69k this year I think it's impossible because the price of bitcoin I have not seen anything that will motivate the price to increase

The key on here is that you should not expect much on seeing those numbers because we are basically speaking or pertaining about breaking that all-time-high which we know that it cant be so easy.
Bare in mind that we do even struggle in the past on breaking that 19-20k all time high on previous bull run but it did really eventually be reaching out those numbers and we didnt really expect
that it did really be able to push through 69k. Now that we are already fast approaching with the halving event then expect bull run would usually be kicking in after some couple of months or lets say
6-7 months basing up on the previous but this time then we dont really know on when it would happen. Speaking about breaking its previous ATH for this year would really be that impossible,
we cant really be that so sure for it to happen until that halving event would happen. Any event on post-halving event is something that the entire community would really be looking upon which we do know
that there would really be always having those chances that price might sky rocket anytime on this timeframe.

That price spike seems normal to me. There isn't any momentum in bitcoin price action and the lack of enough volume prevents it from breaking the 30k resistance level. As long as bitcoin is under the 30k level I cannot say confidently that bitcoin will rally towards the 40k level this year. That resistance level needs to be broken to create positive sentiment within the bitcoin community.

That's a little strange because I also don't think that in the near future there will be a price spike in Bitcoin. Maybe everyone has also seen how Bitcoin experienced a slight price spike in the market recently, but it was still not enough for Bitcoin to return to $30K which still indicates that a large increase is still quite difficult to occur in this near future. Moreover, if the sentiment regarding the Binance commotion is still ongoing and has not ended, it will clearly have a big influence on the effect of the increase which may still be difficult for Bitcoin to occur.

Whales have been accumulating below the 20k level. Where did you obtain this information about a potential surge in price for the coming weeks? This is weird because what i am anticipating more fud about binance to make the sentiment negative. This can be a collaboration between Blackrock and the SEC. They have already taken legal action against the biggest crypto exchange in the world.

If the price of BTC was $40k in August, there would have been hope for Bitcoin to touch $69k this year. But it's a completely different trend that has caused Bitcoin's price to plummet. Although there were fears of some market growth at the beginning of September, but it is not possible to tell how good the position will be this month. But we can probably expect BTC to go above $30,000 as the market is looking good at the moment. But we can expect $69,000 from Bitcoin next year, and this is certainly possible since we have a halving year ahead and a huge bull run ahead. So those who invest in Bitcoin at present will definitely benefit when the Bitcoin market makes a new history and reaches an all-time high. That's why long-term investing and holding and waiting for the bull market, surely we expect good things from Bitcoin in 2024.

That is the way it works, while the bull and bear markets are both loved and feared respectively, the truth is that your strategy should already be completed by the time they appear, so if we are expecting the bull run to appear a few months after the halving then by that time you need to have already bought almost all the bitcoin that you are going to need, now it is obvious you do not have to remain still and not buy bitcoin once the bull run appears, but at that time your savings need to have been used already and you should only buy bitcoin with whatever amount of fiat you can get each month.

Putting up into our minds that a market cant really just having that single path to take on which means that if we are moving downwards and sideways for too long then its really that impossible for the market on having

no upward movement or would really be having that recovery on which it would really be just that so normal that you would anticipate that it could happen anytime soon specially now that we are fast approaching
on halving event which we know that a its a huge catalyst for the price to pump but no one really knows on when it would happen. Now we are on the talks about recovering on 69k for this year?
It is really just that too far off basing on the movement that we do have now on which we do even have a hard time on breaking 30k again then let alone that previous ATH that we are talking on here.

This is why it would really be that important that you should not really that anticipate or expect much with those numbers so that you wont really be finding  yourself that getting disappointed when the time comes that
it didnt really happen. We are dealing with a speculative market on which it would really be just that normal that you would really be dealing up with something that unpredictable.
So it does need that speculative approach at the same time you would really be needing to take up the risks.

Many crypto investors would love to hodl their bitcoin until the bull run begins in 2024 or 2025, depending on the price, and when they decide to sell their bitcoin towards that time. But if it turns out that the price of bitcoin surged to $69k this year(which I doubt), the majority of so-called crypto investors won't find it necessary to sell, and I think they will prefer to hodling more of their bitcoin until the main bull run begins in 2025, which many thought that the price of bitcoin would rise higher than the previous ATH of bitcoin($69k).

For the sake of the market, it's better to avoid 69k this year, if this happens there will be a massive sell off again before the halving and that will probably prolong the bear market, it's more healthy if we go sideways for a while and be at 30k range by December 2023, it's for the best.

The best things that will likely unfold in crypto space will be in 2024, the first one is Halving and maybe after this event we will see the delayed ETFs approvals finally getting approved, I hope this will take place, because I believe its why they delay the Approval, it won't do any good for the market if ETFs are getting approved right now.

I will like to focus more on possible leg down, maybe a $20,000 Bitcoin price as the final flush out before we start seeing a more powerful bullish trend unfold after the next Bitcoin halving, my advice is make sure you never run out of money, because we might see another dump again, it will be painful to lack money at such time.

Based on what I heard on a podcast from one of the best traders in forex industry, you must keep accumulating a lot when there's not much nuisance (volatility) in the markets. I am talking about the type of volatility we see when everything hikes very high (during the bull run). So, when we hear that there's blood on the streets or that the crypto market is boring and whatnot, but you just need to keep patience and keep buying. I can't say whether BTC will be above $69k or not this year, but yeah you will earn great returns if you make an SIP for your investments and follow the system to invest your money and keep compounding the investment.

Our common opinion is that the bull run is the future. We have ideas about when it will come, but we all say we need to be careful. I think it is positive that we approach the market in this way.

Since the predicted high prices did not materialize, we are now considering the price to fall and collect Bitcoin. I'm really curious about what will happen during the halving. I wonder if the price increase will occur before or after the halving.

This is what I am expecting as well, while a great deal of people are expecting that as soon as the halving happens we get a bullish movement, I think it is way more likely that things will remain roughly the same and then we could see a decrease on the price as people begin to sell disappointed they are not obtaining the immediate profits they were looking for, however this is the perfect opportunity to accumulate even more bitcoin, as the bull run seems to be inevitable to me.

Yeah, Sometimes things can happen faster than expected or late too as everyone is expecting 2024 to be the main event year that the price is expected to start bouncing back. But from my perspective, I still join those who think the price will have a major recovery in 2024 after halving and possibly see new  ATH  in late 2025, So the chances of hitting 69k previous ATH this year is on the low side Imo.