Is there still hope for the price of BTC to hit back $69k this year? - page 5.

Bitcoin_people

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Quote from: Zanab247 on August 22, 2023, 09:04:51 AM

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Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

I think it is not possible for Bitcoin market to reach $69k dollars this year. Because the current speed of the market suggests that it may still take a long time to reach that state. As we were expecting to see the Bitcoin market between $30k and $40k dollars in the current month but it has not been fulfilled rather it has been reversed. Bitcoin price is above $26000 in the current month and according to that we can say that the position and the green light are not very visible at the moment so Bitcoin will not grow much this year. As this year is only a few months away and the trend of the Bitcoin market suggests that Bitcoin may not reach this level this year. But I think the Bitcoin market may reach that point by 2024, and when Bitcoin will be halved and then the market will see a bull market. When the Bitcoin halving starts, the price of Bitcoin will continue to increase and then we will definitely be able to determine a good price from Bitcoin.

bayu7adi

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Quote from: Pierre 2 on September 24, 2023, 01:28:10 AM

This, pretty much. Its bit too late to hit anything above 30-35k in Bitcoin. We are too much into bear market. Normally there would be reaction to dumps if we were going down from 60k to 40k etc But we are going down even from 30k levels to 20ks. Its best to spend this year accumulating Bitcoin at lowest prices we can ever hit. I would honestly buy a lot Bitcoin from 22-23k levels. I believe it will hit 80k at least in next bull run.

A favorable entry point indeed. In the coming months, a slight bearish trend may guide us all towards a support level at $25,500, and should Bitcoin dip below $25,000, we may re-enter the realm of $22,000 to $23,000 thereafter.

Before a bullish run typically ensues, a period of bearishness usually precedes it, followed by a sharp price rebound. Traders often refer to this as an opportunity to accumulate more assets and maximize profits when prices turn bullish in the near future.

popcorngolf

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Bitcoin will soon exit the bear market , whales have already started accumulating, a sign that they were expecting the coin’s price to surge in coming weeks . and the prices back $69k and over the bitcoin is the hope since long time , the prices already rise from small level to high level every time

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Quote from: irhact on September 24, 2023, 05:09:08 PM

Quote from: serjent05 on September 23, 2023, 05:57:25 PM

If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

Every individual should be setting their targets to 2025 because that's the year that the bullishness of the market will be back. We shouldn't be expecting it to happen in any year that isn't 2025. The market doesn't have enough positivity for we to see the price getting to the previous all time high. When we have positive news coming into the market the price will start rising and crossing $69,000 again won't be a big deal because the price will continue climbing higher.

There's hope for the market to end the year bullish but there no hope for we to have a new all time high this year. We'll be asking the market for too much if that's to be the target. As the market stands it's finding it difficult to break $27,000 and it might end the month that way.

2024-2025 seems to be the right year for the price to turn highly bullish. We've got more reasons for the same, and for the same we can't say that bitcoin won't rise this year. Even in 2023 the price could move high above $69k as the market is completely unpredictable. Right now the predictions were much connected with the halving and for the same reason everything is tied to 2024-2025.

As said the there is not much room for growth to cross the previous ath this year. This is true, and if something big in terms of adoption takes place we can expect the massive change in the market. Apart from this bitcoin ETF approval and few other positive response happening this year could boost the price and the market drastically. Lets see to what extent the growth gonna take place.

irhact

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Quote from: serjent05 on September 23, 2023, 05:57:25 PM

If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

Every individual should be setting their targets to 2025 because that's the year that the bullishness of the market will be back. We shouldn't be expecting it to happen in any year that isn't 2025. The market doesn't have enough positivity for we to see the price getting to the previous all time high. When we have positive news coming into the market the price will start rising and crossing $69,000 again won't be a big deal because the price will continue climbing higher.

There's hope for the market to end the year bullish but there no hope for we to have a new all time high this year. We'll be asking the market for too much if that's to be the target. As the market stands it's finding it difficult to break $27,000 and it might end the month that way.

DanWalker

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Quote from: Pierre 2 on September 24, 2023, 01:28:10 AM

Quote from: serjent05 on September 23, 2023, 05:57:25 PM

If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

This, pretty much. Its bit too late to hit anything above 30-35k in Bitcoin. We are too much into bear market. Normally there would be reaction to dumps if we were going down from 60k to 40k etc But we are going down even from 30k levels to 20ks. Its best to spend this year accumulating Bitcoin at lowest prices we can ever hit. I would honestly buy a lot Bitcoin from 22-23k levels. I believe it will hit 80k at least in next bull run.

That's right, instead of expecting bitcoin to recover or increase in price again this year, we should take advantage of this year to accumulate more bitcoin because once the halving occurs, the opportunity to accumulate cheap bitcoin will no longer exist. Many people have taken the opportunity to accumulate bitcoin at the price of 20k$ or 23k$, but for those who have not bought too much bitcoin, the current price is not too bad to collect. Don't wait for the price to decrease further to buy because there is no certainty that BTC will decrease in price further.

I believe $100k is an easy target that BTC can reach in the next bull season, $80k is a bit low for me.

ajiz138

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Quote from: Pierre 2 on September 24, 2023, 01:28:10 AM

Quote from: serjent05 on September 23, 2023, 05:57:25 PM

If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

This, pretty much. Its bit too late to hit anything above 30-35k in Bitcoin. We are too much into bear market. Normally there would be reaction to dumps if we were going down from 60k to 40k etc But we are going down even from 30k levels to 20ks. Its best to spend this year accumulating Bitcoin at lowest prices we can ever hit. I would honestly buy a lot Bitcoin from 22-23k levels. I believe it will hit 80k at least in next bull run.

During the big and long bearish decline bitcoin could not touch the $35K area despite several times mentioning the next resistance but it does not show anything unless the decline continues.
Now we are buying more in the $30K -$20K area and it is a long journey this year and maybe even until the end of the year bitcoin will not have any recovery movement at all except for a flat sideways chart.
Yeah this is our chance where there is a lower price why not continue to take advantage of it by buying DCA or Lump sum.

Pierre 2

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Quote from: serjent05 on September 23, 2023, 05:57:25 PM

If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

This, pretty much. Its bit too late to hit anything above 30-35k in Bitcoin. We are too much into bear market. Normally there would be reaction to dumps if we were going down from 60k to 40k etc But we are going down even from 30k levels to 20ks. Its best to spend this year accumulating Bitcoin at lowest prices we can ever hit. I would honestly buy a lot Bitcoin from 22-23k levels. I believe it will hit 80k at least in next bull run.

serjent05

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If we look at Bitcoin history, every 4 year, the price of Bitcoin recovers its previous ATH before rallying to break and create a new ATH. So @OP there is a huge chance that Bitcoin will recover or even exceed $69k but not this year. It is more likely on the year 2025 when the market become bullish. We need to have patience in order to witness Bitcoin recovering to $69k again. Avoid unnecessary Bitcoin selling because you will be missing out on profit when the Bitcoin market rallies.

Ultegra134

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Quote from: _BlackStar on September 23, 2023, 03:46:10 PM

I believe that there is always hope for a return to $69k this year - but I don't think it's mandatory. I tend to expect $69k to be reached after halving - meaning it doesn't happen this year. If $69k is hit this year ^{[before halving]} - then I really expect $200k to be hit after the halving. However - I'm not just fixated on when bitcoin will hit ATH, but this is certainly the most defining moment in most users' investments.

This year is pretty much doomed; it was a bad year not only for cryptocurrencies but for the economy in general. Inflation, the ongoing war, the housing crisis—it keeps getting worse. Perhaps the halving might come to the rescue, but to be honest, I'm not expecting to reach the previous ATH of $69.000 anytime soon, even after the halving; I'd be satisfied if we surpass $50.000 by the end of 2024, which is still quite distant from the current ATH, unless things suddenly take a turn for the better. The recent crisis with the SEC lawsuit against Binance didn't assist either, nor did FTX's bankruptcy, with each incident itself causing a minor crash in an already bear market.

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I believe that there is always hope for a return to $69k this year - but I don't think it's mandatory. I tend to expect $69k to be reached after halving - meaning it doesn't happen this year. If $69k is hit this year ^{[before halving]} - then I really expect $200k to be hit after the halving. However - I'm not just fixated on when bitcoin will hit ATH, but this is certainly the most defining moment in most users' investments.

Unbunplease

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Quote from: Honyek on September 23, 2023, 02:03:02 AM

l don't think that bitcoin will reach the price of 69k before the end of the year, viewing what has happened and what is happening. The price of bitcoin may go between 25k and 35k during the year depending on the demand. Major bitcoin price increment will be late next year and 2025, as the case may be.

Bitcoin's price will likely start to rise from the beginning of 2024. Everyone expects growth as usual in late 2024 and early 2025, but everyone can be fooled - and set up altcoins at a time when few expect it. Manipulators know how to make unexpected moves - we are constantly convinced of that

alastantiger

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Yes and this is not just mere hope or blind hope. It is hope that is back that solid precedence. Two of the biggest events to herald this is the halving in 2024 and the approval of more bitcoin ETFs.

I am looking at bitcoin hitting $70 at the year's end. Keep holding, do not sell.

sana54210

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Quote from: bitterguy28 on September 22, 2023, 04:54:24 AM

Quote from: Mr.suevie on September 21, 2023, 05:54:40 PM

Quote from: jasonjm on September 15, 2023, 11:53:47 PM

Looking at the recent market trends, one thing is evident, bitcoin is not going to $69k at the end of 2023. The price might fall further from the current level toward $20k or below. This year, we might see the continuation of the bear pattern. The price will increase in 2024 after BTC halving, and we might see a new ATH.

The recent price and movement of Bitcoin had made it very clear for those were expecting something special and big to occur after the price reaches 31k this year to remain quite about btc big expectations they have about Bitcoin. The price falling back to 25k is a typical example that Bitcoin transaction is really really hard to predict and that there is actually no expert to it as everyone is just merely speculating and nothing more.

but there is something great to come in the next halving that will take place in the next year.
actually we are only in the months to count before the miner halving.

I would say about 7 months or max 8 months left until the halving happens, which is going to be special without a doubt but I think we are going to see a little bit of changes back then as well so we should be ready for anything and shouldn't be really shocked about it.

It is going to be tough, but if we could end up holding it as long as possible then we are going to end up better as well. We should just wait for it to reach a level where it is understandable and wouldn't really cause any trouble for the market, it can't just go up like crazy. I know that we are going to end up with a good result eventually anyway, so there is no need to rush anything and we need to just make sure that we take our time with it.

Honyek

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l don't think that bitcoin will reach the price of 69k before the end of the year, viewing what has happened and what is happening. The price of bitcoin may go between 25k and 35k during the year depending on the demand. Major bitcoin price increment will be late next year and 2025, as the case may be.

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Quote from: fullhdpixel on September 22, 2023, 03:32:48 PM

$30k is not a very high target from where the market is right now, however, the strongest resistance for this year has been around that range and the challenge is to go across that line which Bitcoin couldn't do in the past 8 months and the 9th is also about to finish. But it will obviously not be able to reach its previous all-time high this year considering we've only got 3 months left for the year to end and the price is still sitting within the range of $26k-27k.

But, the price should start going up after the year ends as we approach the halving event in April (approximately), since the whole market is expecting the bull run to start after that and investors will surely start buying more as the time starts getting close, and there will only be 3 months after the new year starts.

Bitcoin throughout this year wasn't able to go beyond 30k and price remains revolving in 25 to 30k bracket. Since no one wants to miss bigger piece of cake, i.e. the expected bull run after halving that's the prime reason majority is Hodling and there is not much fluctuation in the price of bitcoin. As far as OP question is concerned, there is very little chance of bitcoin breaking its ATH this year. Every eye is now on halving coming up in April this year.

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Quote from: fullhdpixel on September 22, 2023, 03:32:48 PM

Quote from: Tony116 on September 22, 2023, 12:14:05 AM

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But, the price should start going up after the year ends as we approach the halving event in April (approximately), since the whole market is expecting the bull run to start after that and investors will surely start buying more as the time starts getting close, and there will only be 3 months after the new year starts.

We all know that the halving is the catalyst for the bull market and that bitcoin will reach its ATH, but based on the past, the bull season usually only comes a year after the halving, not immediately. So I don't think we'll start raising prices right from the start of 2024. In my opinion, there will not be any significant price increases between now and the halving, and after the halving, things are not immediately more feasible.

People have also mentioned that the halving is approaching and that it will prevent bitcoin from falling in price and the price will appreciate over time. But as we can see, bitcoin has remained stagnant below $30k for months, and there is still no sign of it going beyond $30k, let alone going higher. I just thought about bitcoin starting to increase in price after the halving ended a few months later.

fullhdpixel

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Quote from: Tony116 on September 22, 2023, 12:14:05 AM

I don't even think bitcoin can't reach $30k before the end of the year, I have a feeling someone doesn't want bitcoin price to move, they want to create pressure for weak hands to sell bitcoin cheaply. But for those who are long-term investors and not too concerned about short-term developments, this is clearly a great opportunity to accumulate more bitcoin at a steep discount.
I never expected bitcoin to reach 69k$ soon, on the contrary if it drops more, I will be happier because I have more time to collect bitcoins.

$30k is not a very high target from where the market is right now, however, the strongest resistance for this year has been around that range and the challenge is to go across that line which Bitcoin couldn't do in the past 8 months and the 9th is also about to finish. But it will obviously not be able to reach its previous all-time high this year considering we've only got 3 months left for the year to end and the price is still sitting within the range of $26k-27k.

But, the price should start going up after the year ends as we approach the halving event in April (approximately), since the whole market is expecting the bull run to start after that and investors will surely start buying more as the time starts getting close, and there will only be 3 months after the new year starts.

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Quote from: Mr.suevie on September 21, 2023, 05:54:40 PM

The recent price and movement of Bitcoin had made it very clear for those were expecting something special and big to occur after the price reaches 31k this year to remain quite about btc big expectations they have about Bitcoin. The price falling back to 25k is a typical example that Bitcoin transaction is really really hard to predict and that there is actually no expert to it as everyone is just merely speculating and nothing more.

People who still like to speculate on Bitcoin prices are also based on facts that have happened in Bitcoin, although they can still miss what will happen in the future. Because if there are experts who can really know what the next price will be in Bitcoin, then that person will be rich first because he already knows the key to what the price will be. But this is always difficult for anyone to know so that everyone has the opportunity to profit if there is an improvement in prices in the market.

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Quote from: Zanab247 on August 22, 2023, 09:04:51 AM

I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community. But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

there is a thread related to this that has been up recently , and there it is

https://bitcointalksearch.org/topic/bitcoin-will-reach-all-time-high-before-halving-bitquant-5466963

I think they can collaborate with each others? as the posts are almost the same and may be used towards them.

Quote from: Mr.suevie on September 21, 2023, 05:54:40 PM

Quote from: jasonjm on September 15, 2023, 11:53:47 PM

Looking at the recent market trends, one thing is evident, bitcoin is not going to $69k at the end of 2023. The price might fall further from the current level toward $20k or below. This year, we might see the continuation of the bear pattern. The price will increase in 2024 after BTC halving, and we might see a new ATH.

The recent price and movement of Bitcoin had made it very clear for those were expecting something special and big to occur after the price reaches 31k this year to remain quite about btc big expectations they have about Bitcoin. The price falling back to 25k is a typical example that Bitcoin transaction is really really hard to predict and that there is actually no expert to it as everyone is just merely speculating and nothing more.

but there is something great to come in the next halving that will take place in the next year.
actually we are only in the months to count before the miner halving.

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